E-HUALU(SZ:300212)2022-04-19 16:00Financial Performance - The company reported a significant change in accounting policy regarding unrealized internal transaction gains and losses, resulting in a negative net profit for the current period[3]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[3]. - The company’s financial report has been confirmed as true, accurate, and complete by its management, including the chairman and accounting supervisor[2]. - The company has not disclosed specific financial figures in the provided documents, indicating a focus on qualitative aspects of its performance[4]. - The company's operating revenue for 2021 was ¥2,020,109,722.72, a decrease of 21.91% compared to ¥2,587,025,984.53 in 2020[14]. - The net profit attributable to shareholders was -¥166,673,103.78 in 2021, representing a decline of 129.70% from ¥561,171,532.51 in 2020[14]. - The net cash flow from operating activities was -¥99,879,557.95, a significant drop of 172.33% compared to ¥138,088,616.46 in 2020[14]. - The basic earnings per share for 2021 was -¥0.2529, down 129.28% from ¥0.8636 in 2020[14]. - The total assets at the end of 2021 were ¥14,390,704,672.21, a decrease of 6.84% from ¥15,446,814,546.00 at the end of 2020[14]. - The company reported a government subsidy of ¥71,607,516.99 in 2021, compared to ¥64,995,252.60 in 2020[21]. - The company experienced a net loss of -¥155,887,677.79 in Q4 2021, following a loss of -¥58,647,130.20 in Q3 2021[18]. - The weighted average return on equity was -4.39% in 2021, down from 17.21% in 2020[14]. - The total operating revenue for 2021 was ¥2,020,109,722.72, representing a decrease of 21.91% compared to ¥2,587,025,984.53 in 2020[68]. - The revenue from government and enterprise digitalization was ¥766,792,148.32, down 15.35% from ¥905,811,113.35 in the previous year, accounting for 35.01% of total revenue[68]. - The revenue from data operation services was ¥1,008,652,173.01, which decreased by 30.18% from ¥1,444,579,946.92, making up 55.84% of total revenue[68]. - The company achieved a net profit attributable to shareholders of ¥29,487,434.54 in Q1 2021, compared to a loss of ¥155,887,644.07 in Q4 2020[68]. - The gross margin for the digital economy infrastructure segment was 51.06%, down 5.43% from the previous year[71]. Governance and Management - The company has a comprehensive governance structure, including a board of directors and supervisory board, ensuring accountability[2]. - The company has engaged Zhongqin Wanxin Accounting Firm for auditing services during the reporting period[12]. - The company emphasizes the importance of party leadership in governance and decision-making processes to ensure effective management and operational success[116]. - The company’s board of directors and management operate independently from the controlling shareholder, ensuring no conflicts of interest[135]. - The company has a dedicated internal audit department that reports directly to the audit committee, focusing on financial information and internal control effectiveness[134]. - The company’s governance structure aligns with legal and regulatory requirements, with no significant discrepancies noted[135]. - The company has established a performance evaluation mechanism for senior management, linking their income to operational performance[178]. - The company has implemented a stock incentive plan, with adjustments made to the conditions for stock release[162]. - The company has a structured approach to evaluating and determining the remuneration of its board members[155]. - The company’s remuneration policies are based on performance, capability, and job responsibilities[155]. - The company has established an investor communication hotline to gather feedback and address investor inquiries[130]. - The company actively engages with investors through investor research meetings and online communication sessions[130]. - The company maintains a dedicated section on its official website for investor relations, providing governance details and disclosure documents[131]. Strategic Initiatives and Future Plans - The company aims to transform into a "socially trusted data asset service provider" during the 14th Five-Year Plan period, building a solid foundation for future growth[25]. - The company is actively contributing to the national data security and "dual carbon" strategic goals, enhancing its role in the digital economy[25]. - The company aims to create a one-stop service for clients by providing comprehensive data asset services, addressing the entire lifecycle of data elements from collection to transaction[64]. - The company will collaborate with strategic partners like Huawei to support low-carbon data center construction under the "East Data West Computing" initiative[108]. - The company intends to focus on core products and capabilities, enhancing brand influence while developing data lake asset operations and super storage product sales[109]. - The company is committed to reducing long-term data storage energy consumption and costs through innovative green technologies[107]. - The company plans to enhance data lake operations and promote data asset monetization, focusing on increasing transaction activity and expanding trading scale[107]. - The company is focusing on sustainability initiatives, with plans to invest 363.80 million in eco-friendly technologies over the next five years[141]. - The company anticipates a significant digital transformation across traditional industries, driven by the adoption of new digital business models and technologies[105]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[145]. - The company is actively investing in R&D for new technologies, with a budget allocation of 54.17 million for the development of innovative solutions[141]. Employee and Talent Management - The company recruited 345 new employees in 2021, with 85% holding a master's degree or higher, and 18% being graduates from Tsinghua and Peking University[68]. - The number of R&D personnel increased to 763 in 2021, a growth of 10.58% compared to 690 in 2020, with R&D personnel now representing 41.56% of the workforce[81]. - The company conducted 16 internal training sessions, training 12,000 participants throughout the year[68]. - The company recognizes a talent supply-demand mismatch in the big data sector and plans to build a high-quality talent team through targeted recruitment and training initiatives[118]. - The professional composition included 795 technical personnel, 382 production personnel, and 263 sales personnel[167]. - The educational background of employees showed 35 with doctoral degrees, 510 with master's degrees, and 952 with bachelor's degrees[168]. Market and Industry Trends - The digital economy in China is projected to reach 45 trillion yuan in 2021, with its GDP share expected to exceed 40%[26]. - The data element market in China was valued at 54.5 billion yuan in 2020, showing rapid growth during the 13th Five-Year Plan period[28]. - The establishment of the Beijing International Big Data Exchange in March 2021 and the launch of blockchain-based digital trading contracts in November 2021 signify the emergence of new data asset products and a new trading ecosystem[29]. - The "East Data West Computing" project was officially launched in February 2022, aiming to optimize the layout of new digital infrastructure and promote coordinated regional development[35]. - The government has set a target for data centers to achieve an energy efficiency ratio (PUE) of no more than 1.3 for new large-scale data centers, emphasizing energy conservation and carbon reduction[34]. - The government aims to enhance the efficiency of data centers and new communication infrastructure, with a focus on green and low-carbon development by 2025[34]. - The introduction of policies to promote the development of a data element market is expected to significantly enhance the value extraction and utilization of data assets[30]. - The company is positioned to benefit from the increasing demand for data storage and the need for secure data storage solutions in the digital economy[36]. Social Responsibility and Sustainability - The company actively fulfills its social responsibilities, donating 1 million yuan during extreme weather events in Henan and providing support to employees in need[188]. - The company has established a "Warm Station" for employees and provided over 2,000 care packages, along with professional health check-ups for employees over 45 years old, with participation in the pension plan increasing by 126% compared to the previous year[189]. - The company is focused on sustainable development in the context of the dual carbon goals, promoting low-carbon storage and zero-carbon data centers[187]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities and has not faced any administrative penalties related to environmental issues during the reporting period[187]. Risks and Challenges - The company faces financial risks due to potential delays in construction and increased costs from the COVID-19 pandemic, with strategies in place for cash flow management and "two funds" control[117]. - The company will strengthen risk prevention mechanisms, focusing on data lake advantages and government cooperation to mitigate potential operational risks[115]. - The company will monitor operational indicators of data lakes to control potential business risks and ensure compliance with financial obligations[115]. Audit and Compliance - The company appointed Zhongqin Wanxin Accounting Firm as its auditor for the 2021 financial year, with an audit fee of 1.5 million RMB[199]. - The company has not engaged any internal control auditing firms or financial advisors during the reporting period[200]. - The company maintained effective internal controls related to financial statements in all material respects as of December 31, 2021[184]. - There were no significant internal control deficiencies identified in financial reporting as of the evaluation report date[182]. - The audit committee supervises and reviews the company's periodic reports and internal control reports[179].