*ST三盛(300282) - 2021 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of 393.13 million yuan in 2021, representing a year-on-year growth of 10.05%[8]. - Operating costs increased by 18.24% year-on-year to 270.54 million yuan, resulting in a net loss attributable to shareholders of 162.56 million yuan[8]. - The net loss attributable to shareholders for 2021 was ¥162,560,791.31, a significant improvement of 77.22% from a loss of ¥713,656,327.29 in 2020[28]. - The net cash flow from operating activities for 2021 was -¥169,959,819.51, showing a 76.10% improvement from -¥711,161,583.97 in 2020[28]. - The total assets at the end of 2021 were ¥1,822,528,549.11, a decrease of 7.58% from ¥1,971,924,850.84 at the end of 2020[28]. - The net assets attributable to shareholders decreased by 9.62% to ¥1,579,200,471.43 at the end of 2021 from ¥1,747,238,886.72 at the end of 2020[28]. - The basic earnings per share for 2021 was -¥0.43, an improvement of 77.49% from -¥1.91 in 2020[28]. - The weighted average return on equity for 2021 was -9.79%, an improvement from -33.63% in 2020[28]. - The company reported a decrease in revenue after deducting non-operating income, with ¥367,462,382.56 in 2021 compared to ¥342,570,198.10 in 2020[29]. - The company reported a net loss of CNY 162,560,791.31 for the year 2021, leading to a total distributable profit of CNY -677,587,223.40[141]. Subsidiary Performance - The subsidiary Hengfeng Information Technology Co., Ltd. reported revenue of 75.99 million yuan, a 39.67% increase year-on-year, but incurred a net loss of 119.09 million yuan, which is a 17.93% increase in losses compared to the previous year[8]. - Guangzhou Huaxin's revenue was CNY 198.61 million, a decrease of 3.37% year-on-year, while net profit fell by 31.86% to CNY 26.58 million[50]. - Beijing Zhongyu Beila reported a revenue of 60.08 million, a year-on-year growth of 21.50%, with a net profit of 7.75 million, an increase of 1.10 million compared to the previous year[92]. Internal Control and Governance - The company has identified significant internal control deficiencies in financial reporting, which may impact its operational and financial management risks[8]. - The company plans to enhance its internal control systems and risk assessment frameworks to mitigate the risks of violations related to guarantees provided to related parties[12]. - The company has revised its articles of association and internal governance rules to improve operational standards and compliance with regulations[111]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, and financial management[112]. - The company has established a commitment to avoid conflicts of interest with its subsidiaries and will adhere to the established procedures for related party transactions[161]. Market and Industry Trends - The smart education equipment industry is expected to continue growing, driven by increasing demand for interactive teaching tools[40]. - The shift towards "Internet + Education" is transforming the education informationization industry, increasing competition and technological requirements[43]. - The international education service sector is recovering, with a 6.25% increase in the number of students studying abroad in 2019, reaching 703,500[41]. - The education informationization industry is shifting towards "Internet + Education" service models, increasing the demand for software capabilities and technological innovation[95]. - The international education market is expected to grow steadily as the pandemic situation improves and the number of students studying abroad increases[96]. Research and Development - The company’s R&D investment amounted to ¥43,207,159.56, representing 10.99% of operating revenue[69]. - Research and development expenses increased by 9.94% to ¥37,601,421.79, indicating a focus on innovation[66]. - The company holds over 160 patents in the infrared field, with nearly 50 invention patents pending[47]. - The company plans to enhance its product offerings with new technologies, including a high-precision shape recognition system and a super-large smart blackboard[67]. Risks and Challenges - The company is facing risks related to the inability to recover equity transfer payments, with a total overdue amount of 63.34 million yuan from a share repurchase agreement[11]. - The company acknowledges the risk of rising costs and market share decline due to chip shortages and increased raw material prices in the smart education equipment sector[104]. - The company is facing risks from intensified market competition, particularly from major internet companies entering the online education space, which may challenge its profitability[103]. - The company is actively monitoring industry policies to mitigate risks associated with business expansion and revenue growth[105]. Shareholder Engagement and Remuneration - The company reported a participation rate of 27.61% in its first extraordinary general meeting of 2021, indicating shareholder engagement in corporate governance[113]. - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to 3.7125 million yuan, including basic salary, bonuses, allowances, and various insurance fees[126]. - The average remuneration for independent directors is 90,000 yuan, reflecting the company's commitment to competitive compensation for governance roles[127]. Legal Matters - The company is involved in a significant arbitration case with a disputed amount of 72.67 million yuan, which is currently in the execution process but has not been fully completed[183]. - The company has initiated legal proceedings against multiple parties for patent infringement, with the case currently in the execution phase and completed[185]. - The company has ongoing litigation regarding the infringement of trade secrets, which is still under court review[186]. Future Strategies - The company plans to enhance its competitive edge in the smart education equipment sector by increasing R&D investment and developing new products, while also expanding into the conference market and smart blackboard product lines[100]. - Future strategies include potential mergers and acquisitions to strengthen market position and expand service offerings[123]. - The company will focus on self-developed products in the smart education service sector, concentrating resources on three product lines: large platform + big data, smart classrooms, and magical evaluation[101].