上海钢联(300226) - 2021 Q4 - 年度财报

Financial Performance - The total operating revenue for 2021 was ¥65,774,622,181.32, representing a year-on-year increase of 12.39% compared to ¥58,521,227,821.56 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥177,981,898.55, a decrease of 17.86% from ¥216,674,631.53 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥148,908,832.37, down 21.87% from ¥190,581,159.23 in the previous year[21]. - The basic earnings per share for 2021 was ¥0.9322, a decline of 17.85% compared to ¥1.1348 in 2020[21]. - The total operating revenue for 2021 was approximately ¥65.77 billion, with quarterly revenues of ¥11.35 billion, ¥17.05 billion, ¥17.86 billion, and ¥19.52 billion respectively[22]. - The net profit attributable to shareholders for the year was approximately ¥178 million, with quarterly profits of ¥45.19 million, ¥68.92 million, ¥43.51 million, and ¥20.36 million respectively[22]. - The company achieved a revenue of 65.775 billion yuan, an increase of 12.39% compared to the same period last year[58]. - Net profit attributable to shareholders was 177.9819 million yuan, a decrease of 17.86% year-on-year; before stock payment expenses, net profit was 230.4981 million yuan, an increase of 6.38%[58]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[150]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-over-year increase of 20%[157]. Assets and Liabilities - The total assets at the end of 2021 amounted to ¥14,194,300,745.00, an increase of 8.85% from ¥13,040,822,493.37 at the end of 2020[21]. - The company’s total assets amounted to ¥14,194,300,745.00, with total liabilities of ¥10,486,016,590.82[68]. - The company reported a decrease in inventory for the steel trading service by 17.91% year-on-year, amounting to ¥1,023,889,149.38[80]. - Accounts receivable decreased to ¥4,582,290,520, reflecting a 32.28% reduction, indicating improved collection capabilities[111]. - Short-term borrowings decreased to ¥2,596,979,420, a reduction of 18.30% compared to the previous year[111]. - Contract liabilities increased to ¥3,614,414,780, representing a 25.46% increase year-over-year[111]. Cash Flow - The net cash flow from operating activities was ¥725,802,968.56, a significant improvement from a negative cash flow of ¥1,194,437,407.66 in 2020, marking a 160.77% increase[21]. - The total cash inflow from operating activities reached 244,928,838,225.33 CNY, up 50.68% year-over-year, driven by a 46.29% increase in total transaction value of steel trading services[104]. - Investment cash inflow increased by 314.24% to ¥353,648,341.61, while cash outflow rose by 264.20% to ¥428,556,224.46, resulting in a net cash outflow of ¥74,907,882.85[67]. - The cash and cash equivalents net increase was 134,549,334.62 CNY, marking a 498.44% rise from -33,769,161.32 CNY in 2020[104]. User Growth and Engagement - The number of registered users for the industrial data service increased by 25.65% from 439.95 thousand in 2020 to 552.8 thousand in 2021[38]. - Active users for the industrial data service surged by 86.74%, rising from 288.0 thousand in 2020 to 537.8 thousand in 2021[38]. - The number of paid users for the industrial data service grew by 21.52%, from 74.8 thousand in 2020 to 90.9 thousand in 2021[38]. - The number of registered users on the Steel Silver e-commerce platform exceeds 150,000, with over 350 partner steel mills and more than 500 partner warehouses[62]. - User data showed an increase in active users by 20% year-over-year, reaching 500,000 active users by the end of 2021[150]. - User data showed an increase in active users, reaching 5 million by the end of 2021, up from 4 million in 2020, indicating a growth rate of 25%[154]. Market Expansion and Strategy - The company operates in the booming commodity data service market, which is expected to grow due to increasing demand for data services across various industries[31]. - The company plans to leverage its position in the commodity data service sector to enhance its competitive edge in international trade negotiations[31]. - The company is focusing on expanding its data service capabilities to support the digital transformation of industries and enhance decision-making processes[31]. - The company aims to improve its digital risk control system and enhance customer transaction stickiness through the Steel Cloud SaaS service[36]. - The company is focusing on international market expansion and enhancing its international brand presence through the Mysteel.net platform[126]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[153]. Research and Development - The company has invested in R&D, developing core technologies and a robust product design process to enhance service quality and operational efficiency[65]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving supply chain efficiency[150]. - The company is investing 100 million RMB in R&D for new technologies in the next fiscal year, focusing on AI and big data analytics[157]. - The number of R&D personnel increased by 13.02% to 599 in 2021 from 530 in 2020[102]. - The company’s R&D expenditure accounted for 0.16% of total revenue, slightly up from 0.15% in 2020[103]. Corporate Governance - The company has revised over twenty governance-related systems to improve its corporate governance structure and ensure compliance with relevant laws and regulations[135]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[135]. - The company emphasizes transparency in information disclosure, ensuring that all shareholders have equal access to information[135]. - The company has established a comprehensive internal control system to effectively mitigate operational risks and achieve internal control objectives[189]. - The internal control verification report received a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[196]. Risks and Challenges - The company is aware of risks related to steel industry fluctuations and market competition, which could impact future growth[126]. - The company has implemented effective measures to ensure data security, including server hosting, software security enhancements, and strict data management, but still faces risks from uncontrollable factors such as equipment failures and cyberattacks[129]. - The company has established a credit risk identification system for platform participants and has strict management for their admission, yet still faces credit management risks due to potential dishonest transactions on the platform[129]. - The company has experienced rapid expansion in asset, personnel, and business scale, necessitating adjustments in management structures and processes to maintain efficiency[129]. Employee Management - The total number of employees at the end of the reporting period is 4,211, with 1,870 in the parent company and 2,341 in major subsidiaries[175]. - The professional composition includes 1,657 sales personnel, 599 technical staff, 78 financial personnel, 314 administrative staff, and 1,563 data service personnel[175]. - The company has a competitive and fair compensation policy, with a total of 4,211 employees receiving salaries during the reporting period[177]. - The company has implemented a stock incentive plan, approved on February 22, 2021, to motivate employees and align their interests with shareholders[185]. Future Outlook - The company provided a revenue guidance for 2022, expecting a growth rate of 10% to 15%[150]. - The company provided guidance for 2022, projecting a revenue increase of 20% to 12 billion RMB, driven by market expansion and new product launches[153]. - The company aims to reduce operational costs by 10% through process optimization initiatives in 2022[150].