SINOSUN(SZ:300333)2023-04-27 16:00Financial Performance - In 2022, the company achieved operating revenue of CNY 142.42 million, a year-on-year decrease of 28.91%[6] - The net profit attributable to shareholders was CNY -127.62 million, a year-on-year decline of 580.14%[6] - The company's operating revenue for 2022 was ¥142,418,528.25, a decrease of 28.91% compared to ¥200,327,185.52 in 2021[28] - The net profit attributable to shareholders in 2022 was -¥127,618,561.39, representing a decline of 580.14% from a profit of ¥26,579,604.09 in 2021[28] - The cash flow from operating activities in 2022 was -¥61,904,873.91, a decrease of 108.42% compared to -¥29,702,322.28 in 2021[28] - The total assets at the end of 2022 were ¥728,292,425.14, down 17.59% from ¥883,740,336.94 at the end of 2021[28] - The basic earnings per share for 2022 was -¥0.3798, a decline of 580.15% from ¥0.0791 in 2021[28] - The company reported a quarterly revenue of ¥40,631,586.82 in Q3 2022, with a net profit of -¥19,801,921.89 for the same quarter[30] - The total net assets attributable to shareholders at the end of 2022 were ¥703,116,247.77, a decrease of 15.36% from ¥830,734,809.16 at the end of 2021[28] - The company incurred non-operating losses totaling ¥10,042,534.14 in 2022, compared to ¥77,954,585.78 in 2021[34] Research and Development - High R&D expenses are putting pressure on operating performance, with R&D costs rising significantly as a percentage of operating revenue[12] - Research and development expenses amounted to ¥91,932,000, representing 57.91% of operating revenue, indicating a high investment in R&D despite the pressure on operating performance[64] - The company applied for 3 invention patents and 1 utility model patent during the reporting period, with 9 invention patents and 1 utility model patent authorized[59] - The company has a total of 65 effective patents, including 57 invention patents and 93 software copyrights[59] - Research and development efforts are focused on enhancing the security features of payment systems, with several patents pending[139] Market and Competition - The traditional electronic payment password system faces market competition risks as penetration rates increase[13] - The revenue from the Yinqitong system was 18.16 million yuan, down 15.07% year-on-year due to macroeconomic impacts[63] - The sales volume in the bill anti-counterfeiting industry decreased by 44.76%, while production volume dropped by 41.87%[73] - The company’s direct sales accounted for 76.46% of total revenue, with a decline of 27.83% year-on-year[68] - The company aims to maintain its leading position in the traditional anti-counterfeiting industry while transitioning to new business models[122] Strategic Focus and Innovation - The company plans to focus on technological innovation in the B-end market to align with the digital transformation of the banking industry[10] - The "Yin Qitong" platform developed by the company aims to assist small and medium-sized enterprises in digital transformation and help banks shift from product-centric to customer-centric models[48] - The company plans to enhance its financial technology innovation and deepen the integration of business, technology, and data to improve financial services for small and micro enterprises[119] - The company is exploring the application of paper pattern anti-counterfeiting technology in various fields, including financial bills and contract seals[120] Governance and Compliance - The company has established a comprehensive governance structure to enhance operational management and internal control systems[126] - The company emphasizes information disclosure, adhering to regulations and ensuring timely and accurate reporting[133] - The company has a complete and independent business system, with clear ownership of assets and no interference from the controlling shareholder[134] - The company has not engaged in any non-operating fund occupation by the controlling shareholder[128] - The company has not faced any major litigation or arbitration matters during the reporting period[188] Employee and Management - The total number of employees at the end of the reporting period was 420, with 169 in the parent company and 251 in major subsidiaries[161] - The professional composition includes 312 technical personnel, 63 sales personnel, and 6 production personnel[161] - The company has established a competitive salary management system to attract and retain talent, ensuring alignment with market salary levels[162] - The total remuneration paid to the board of directors, supervisors, and senior management for 2022 amounted to 5.3749 million yuan[153] Financial Management - The company has approximately 170 million CNY allocated for purchasing financial products, indicating a strategy to manage liquidity[94] - The company’s total financial assets at the end of the reporting period amounted to 256,318.4 million, with a fair value change of 9,190.033 million[97] - The company has not proposed any cash dividend distribution plan despite having positive earnings in the past[164] - The company has established a comprehensive internal control system, covering governance, procurement, R&D, sales, administration, and human resources[166]