HXCX(SZ:300300)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥474.08 million, representing a 34.07% increase compared to ¥353.60 million in 2020[24]. - The net profit attributable to shareholders for 2021 was a loss of approximately ¥363.38 million, an improvement of 38.28% from a loss of ¥588.79 million in 2020[24]. - The net cash flow from operating activities was a negative ¥103.40 million, a decline of 316.49% compared to a negative ¥24.83 million in 2020[24]. - The total assets at the end of 2021 were approximately ¥1.60 billion, a decrease of 13.49% from ¥1.85 billion at the end of 2020[24]. - The net assets attributable to shareholders decreased by 40.36% to approximately ¥542.38 million from ¥909.41 million in 2020[24]. - The basic earnings per share for 2021 was -¥0.54, improving by 37.93% from -¥0.87 in 2020[24]. - The company reported a weighted average return on equity of -50.05% for 2021, slightly worsening from -48.39% in 2020[24]. - The total non-recurring losses for 2021 amounted to CNY -128,791,696.06, reflecting significant financial challenges during the year[30]. - The company achieved a total revenue of 474.08 million yuan in 2021, representing a year-on-year increase of 34.07%[46]. - Revenue from the smart city and finance segment was 413.98 million yuan, accounting for 87.32% of total revenue, with a year-on-year growth of 39.71%[55]. - The smart healthcare and commercial segment generated 60.10 million yuan, making up 12.68% of total revenue, with a year-on-year increase of 4.91%[55]. - The company reported a change in the scope of consolidation during the reporting period[62]. - The company reported a total distributable profit of -1,159,916,052.21 yuan, with no cash dividends proposed for the year[169]. Strategic Focus and Development - The company plans to focus on strategic optimization in smart city and smart healthcare sectors[6]. - The company aims to develop its smart healthcare sector, with its subsidiary obtaining an internet hospital practice license and plans to establish a "Sino-foreign remote medical alliance"[38]. - The company has been focusing on the smart city sector for 20 years, participating in over a thousand projects, which positions it as a leading service provider in this field[37]. - The company is actively participating in the construction of 5G infrastructure and other strategic projects in the Pingtan Comprehensive Experimental Zone, aiming to support the development of a digital economy integration demonstration area[49]. - The company plans to optimize existing asset segments while ensuring steady growth in its main business areas[96]. - Internet healthcare is identified as a strategic industry for future development, driven by the ongoing demand for digital healthcare solutions[95]. - The company aims to enhance its market competitiveness in smart industries through ongoing R&D projects and strategic initiatives[69]. - The company is focusing on technology research and innovation in areas such as smart cities, resilient cities, and smart transportation, collaborating with universities and national research institutes[48]. Research and Development - The company has accumulated 12 invention patents, 37 utility model patents, and 280 software copyrights, emphasizing its commitment to technology research and development[42]. - The company is developing a conceptual smart device called "smart box" aimed at enhancing urban resilience and data collection capabilities[69]. - R&D expenses increased by 4.16% to ¥27,067,604.27, accounting for 5.71% of total revenue[70]. - The number of R&D personnel decreased by 3.23% to 90, with a notable decline in those with lower educational qualifications[70]. - The company plans to strengthen its R&D capabilities in AI, big data, and cloud computing to drive innovation in smart city solutions[102]. Risk Management - The company acknowledges the presence of risks in its future operations but does not foresee any major risks affecting its normal operations[6]. - The company aims to strengthen risk control and project management capabilities to enhance overall value and competitiveness[96]. - The company is committed to risk management by improving internal audit resources and establishing a comprehensive risk management system[103]. - The company faces external market competition risks, particularly in the post-pandemic environment, which may impact business operations[106]. - The company is aware of investment risks due to the diverse nature of its projects and will enhance investment management processes[109]. - The company will strengthen accounts receivable management to mitigate risks associated with long aging receivables[110]. - The company faces risks of talent competition and turnover due to business structure changes and industry competition, emphasizing the importance of attracting and retaining high-quality talent[111]. Corporate Governance - The company held three shareholder meetings during the reporting period, ensuring compliance with regulations and protecting minority shareholders' rights[116]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements and enhancing decision-making efficiency[117]. - The supervisory board held 5 meetings, ensuring oversight of major transactions and compliance with legal obligations[119]. - The company maintains independence from its controlling shareholder, ensuring autonomous operations in business and financial matters[120]. - The company adheres to strict information disclosure practices, ensuring transparency and timely communication with investors[121]. - The company has established an independent audit committee to oversee internal and external audits, ensuring compliance with financial regulations[126]. - The company has a structured decision-making process for determining the remuneration of its directors and senior management[150]. - The company has not faced any penalties from securities regulatory authorities for its directors and senior management in the past three years[147]. Employee and Management - The total number of employees at the end of the reporting period is 410, with 207 in the parent company and 203 in major subsidiaries[163]. - Employee compensation accounts for 9.85% of the total costs, with the portion included in cost accounting being 1.92%[165]. - The company has implemented a training program as part of its long-term strategy to enhance employee skills and meet organizational goals[166]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[170]. - The current management team includes experienced professionals with backgrounds in finance, banking, and technology, enhancing the company's strategic capabilities[135]. Future Outlook - The strategic focus for 2022 includes enhancing smart city projects and internet healthcare services, which are expected to drive future growth[96]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20% to 1.8 billion RMB[143]. - Future performance guidance indicates a stable outlook with potential for incremental growth in user base and revenue[138]. - The management emphasized the importance of enhancing user experience through innovative solutions, aiming for a 30% improvement in customer satisfaction metrics[143]. - Future strategies will focus on sustainability initiatives, with a commitment to reduce carbon emissions by 20% over the next three years[143]. Subsidiaries and Investments - The company has established several subsidiaries, including Hakim Unique Technology Limited and Baotai (Fujian) Information Technology Co., Ltd., to enhance its operational capabilities[90]. - The company acquired 51% control of Fujian Haixia Wanying Smart Hospital Management Co., Ltd. and included it in the consolidated financial statements[195]. - The company increased its ownership in Zhejiang Haixia Innovation Technology Co., Ltd. from 55% to 100% during the reporting period[196]. - The company is involved in a lawsuit with Qiaoxing, with a claim amount of 6,309.98 million, which has been recognized as a contingent liability[199]. Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[179]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[179]. - The company has committed to creating value for customers, employees, and society while maintaining a leading level in core technologies[180]. - No precise poverty alleviation work has been conducted in the reporting year, and there are no subsequent plans for such initiatives[181].