ST金运(300220) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in operating revenue due to the rapid development of its IP operation business, but also faced increased operating costs and sales expenses [3]. - The company's operating revenue for 2021 was ¥346,927,354.78, representing a 76.27% increase compared to ¥196,820,611.08 in 2020 [19]. - The net profit attributable to shareholders was -¥63,837,918.77 in 2021, a decrease of 14.97% from -¥55,525,702.75 in 2020 [19]. - The net cash flow from operating activities was -¥61,135,782.65, which is a 55.22% decline compared to -¥39,387,391.14 in 2020 [19]. - The total assets at the end of 2021 were ¥394,917,459.85, down 12.75% from ¥452,603,896.99 at the end of 2020 [19]. - The company's net assets attributable to shareholders decreased by 30.03% to ¥148,724,292.01 in 2021 from ¥212,565,768.95 in 2020 [19]. - The basic earnings per share for 2021 was -¥0.4222, a decline of 14.98% from -¥0.3672 in 2020 [19]. - The company reported a quarterly operating revenue of ¥81,025,996.12 in Q1, ¥93,043,900.25 in Q2, ¥93,334,689.06 in Q3, and ¥79,522,769.35 in Q4 of 2021 [22]. - The company incurred a net loss of -¥45,053,552.06 in Q4 2021, which was the highest quarterly loss for the year [22]. Business Operations - The company operates in the laser equipment manufacturing and IP derivative operation sectors, classified under manufacturing and wholesale/retail industries respectively [30]. - The company aims to achieve breakeven in the IP operation segment while maintaining a moderate sales scale amidst the challenges posed by the pandemic [4]. - The company plans to enhance profitability by expanding overseas markets in the laser segment and increasing the direct sales ratio to improve gross margins [4]. - The IP derivatives operation segment aims to optimize product and channel structures, launching a new NFT product series to strengthen e-commerce operations [4]. - The company is focusing on developing new products in the metal pipe cutting sector to enhance its market leadership and increase the proportion of high-end product revenue [39]. - The company is exploring the integration of digital technologies such as blockchain and AR/VR in its IP derivative products, specifically in the NFT blind box series [34]. - The company has optimized its organizational structure for the IP derivative business, establishing three new operational centers to improve efficiency [52]. Market Trends - The domestic laser equipment market size was 69.2 billion RMB in 2020 and is expected to reach 82 billion RMB in 2021, representing a growth of 18.5% [31]. - The blind box industry in China had a market size of 13.91 billion RMB in 2021, with a year-on-year growth of 36.5%, and is projected to reach 18.66 billion RMB in 2022, growing by 37.7% [33]. - The overall laser equipment industry is currently in a booming demand phase, although growth may slow down in the second half of 2021 due to rising raw material prices and power restrictions [31]. Research and Development - R&D expenses increased, and there was a rise in credit impairment losses compared to the previous year [3]. - The number of R&D personnel increased by 22.08% from 77 in 2020 to 94 in 2021, with the proportion of R&D personnel rising from 14.84% to 21.12% [90]. - R&D investment amounted to ¥15,209,996.44 in 2021, representing 4.38% of operating revenue, down from 6.55% in 2020 [90]. - The company aims to enhance R&D efficiency and optimize product structure to increase the sales proportion of high-margin products in the high-end laser equipment manufacturing sector [110]. Challenges and Risks - The impact of COVID-19 significantly affected the company's business, particularly in the offline channel expansion of the IP operation business, leading to a larger loss compared to the previous year [3]. - The company acknowledges risks related to macroeconomic uncertainties that may affect business progress and financial stability [4]. - Increased competition in the high-end laser equipment market and the collectible blind box sector is a concern, prompting the company to focus on product differentiation and innovation [113]. - Rising prices of raw materials like iron, cobalt, and nickel have increased production costs, prompting the company to optimize supplier management and production processes [115]. Corporate Governance - The company ensures accurate, timely, and fair information disclosure in compliance with relevant laws and regulations, with designated media for announcements [123]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance [125]. - The company has a dedicated investor relations management system to facilitate communication with shareholders [123]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.0587 million yuan [139]. Subsidiaries and Investments - The company established a new subsidiary, Jin Yun Jia Investment Holdings, with a registered capital of ¥10 million, holding a 100% stake [80]. - The company established two new subsidiaries, with a total registered capital of CNY 2,000,000.00, impacting the overall financial performance [100]. - The company has not conducted any related party transactions during the reporting period [185]. Social Responsibility - The company continues to actively engage in social responsibility initiatives, including environmental protection and community development [166].