SINOSUN(SZ:300333)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was ¥200,327,185.52, a decrease of 6.29% compared to ¥213,764,371.81 in 2020[25]. - Net profit attributable to shareholders was ¥26,579,604.09, a significant increase of 232.66% from a loss of ¥20,035,532.47 in 2020[25]. - The net cash flow from operating activities was -¥29,702,322.28, a decline of 247.38% compared to ¥20,153,614.22 in 2020[25]. - Basic and diluted earnings per share were both ¥0.0791, reflecting a 232.72% improvement from -¥0.0596 in 2020[25]. - Total assets at the end of 2021 amounted to ¥883,740,336.94, an increase of 1.39% from ¥871,604,271.45 at the end of 2020[25]. - The company's net assets attributable to shareholders rose to ¥830,734,809.16, up 3.31% from ¥804,155,205.07 in 2020[25]. - The company's total sales revenue for 2021 was approximately 200.33 million yuan, a decrease of 6.29% compared to the previous year[52]. - The electronic payment password system generated sales of about 174.02 million yuan, down 5.94% year-on-year[57]. - The company's revenue from the anti-counterfeiting industry was approximately ¥175.54 million, a decrease of 6.05% year-over-year, with a gross margin of 63.10%[59]. - The gross profit margin for traditional business products remained stable despite a slight decline in sales revenue[49]. Research and Development - The company reported a significant increase in R&D expenses, which have risen rapidly and now constitute a large proportion of operating revenue, posing a risk to operating performance[7]. - R&D expenses for 2021 amounted to approximately 99.18 million yuan, an increase of 15.99% compared to the previous year, representing 44.79% of total revenue[53]. - The company's R&D investment in 2021 amounted to ¥89,728,260.73, representing 44.79% of its operating revenue, an increase from 35.63% in 2020[71]. - The number of R&D personnel increased by 22.99% from 261 in 2020 to 321 in 2021, with a notable rise in the proportion of personnel holding bachelor's degrees[70]. - The company applied for 10 new invention patents and was granted 6 during the reporting period, bringing the total number of effective patents to 64[50]. - The company’s R&D capabilities have been enhanced through CMMI-4 certification, ensuring alignment with international project management standards[46]. Strategic Initiatives - The company is actively embracing opportunities in the financial industry transformation, focusing on technological innovation in the corporate mobile banking sector to meet market demands[10]. - The company plans to maintain its leading position in the traditional anti-counterfeiting industry through proactive marketing strategies during its transformation phase[10]. - The company is committed to advancing its corporate mobile payment platform and anti-counterfeiting technologies to achieve sustainable development and business transformation[10]. - The company’s digital transformation efforts are aligned with the broader banking industry's shift towards digital networks and customized services[19]. - The company aims to build an ecological service system by integrating various resources needed for enterprise operations, enhancing the overall service offering[45]. - The company is positioned as a leader in the financial information security sector, driving the digital transformation of corporate banking services[42]. Financial Technology and Innovation - The financial technology sector is undergoing rapid changes, and the company faces risks associated with industry transformation and competition[6]. - The company’s fintech investments are focused on building digital financial information infrastructure, including AI and blockchain applications[39]. - The company has implemented the "YinQitong" public business platform, which is currently in use by dozens of banks, enhancing its financial technology capabilities[71]. - The company’s "YinQitong" platform integrates various resources to provide comprehensive digital services for enterprises, enhancing user engagement and expanding the customer base[43]. - The company is focusing on the "YinQitong" business platform to enhance digital transformation in corporate banking, aiming to improve service capabilities and create a new financial service ecosystem for small and micro enterprises[108]. Governance and Management - The company emphasizes the importance of risk awareness among investors regarding future plans and performance forecasts[5]. - The company has maintained a stable management team, with no resignations or dismissals reported during the year[121]. - The board includes members with extensive backgrounds in technology and finance, such as Wei Kaiyan, who has led significant projects recognized by national awards[122]. - The company has a diverse board with international experience, including members from the UK, Singapore, and Hong Kong[123]. - The total remuneration paid to the board of directors, supervisors, and senior management in 2021 amounted to CNY 6.6679 million[130]. - The company has a structured remuneration management system for its directors and senior management, established in February 2011[130]. Shareholder and Financial Management - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves[11]. - The company reported a total shareholding of 53,461,500 shares at the beginning of the period, with a decrease of 1,605,000 shares, resulting in an ending total of 51,856,500 shares[121]. - The company has not experienced any changes in the tenure of directors, supervisors, or senior management during the reporting period[121]. - The company has not sold any significant assets or equity during the reporting period[102][103]. - The company has not made any changes to the use of raised funds during the reporting period[101]. - The company has not engaged in any significant related party transactions during the reporting period[174]. Compliance and Internal Control - The company has established a comprehensive internal control system, covering governance, procurement, R&D, sales, and human resources[147]. - There were no significant internal control deficiencies identified during the reporting period[148]. - The company has maintained a focus on compliance with relevant laws and regulations throughout its operations[137]. - The financial report indicates that the company has not faced any penalties from regulatory authorities in the past three years[130]. - The company has not undergone any bankruptcy restructuring during the reporting period[172]. Environmental and Social Responsibility - The company strictly adhered to environmental protection laws and did not face any administrative penalties related to environmental issues during the reporting period[155]. - The company implemented various management techniques to enhance operational efficiency and reduce carbon emissions, including paperless and remote work practices[155]. - The company has a comprehensive employee welfare system, including social insurance and additional commercial insurance for major illnesses and accidents[157]. - The company has not disclosed any significant environmental issues and has maintained compliance with environmental regulations throughout the reporting period[159].