Sinnet(SZ:300383)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥7.70 billion, representing a 2.99% increase from ¥7.48 billion in 2020[16]. - The net profit attributable to shareholders for 2021 was approximately ¥836.21 million, a decrease of 8.41% compared to ¥912.94 million in 2020[16]. - The net cash flow from operating activities for 2021 was approximately ¥1.44 billion, showing a slight decrease of 0.48% from ¥1.45 billion in 2020[16]. - The total assets at the end of 2021 reached approximately ¥19.43 billion, an increase of 43.41% from ¥13.55 billion at the end of 2020[16]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥13.02 billion, reflecting a 40.92% increase from ¥9.24 billion at the end of 2020[16]. - The weighted average return on net assets for 2021 was 8.68%, down from 10.38% in 2020[16]. - The basic earnings per share for 2021 were ¥0.54, a decrease of 8.47% from ¥0.59 in 2020[16]. - The company reported a net profit of CNY 152,228,506.62 in Q4, which was significantly lower than the previous quarters[17]. - The company reported a significant increase in labor costs for cloud computing services, totaling ¥5,550,326.12, which is a 56.28% increase compared to the previous year[62]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[145]. Investments and Projects - The company plans to invest approximately ¥34.6 billion in the Changsha green cloud computing base project, which will include the construction of 16,000 cabinets[11]. - The company is also developing the Hangzhou Digital Economy Innovation Center project with a total investment of approximately ¥3.2 billion, planning to build 10,000 cabinets[15]. - The company has ongoing projects in Fangshan and Tianjin, with total investments of approximately ¥14 billion and ¥10.8 billion respectively, each planning to build 5,000 cabinets[16][11]. - The company has ongoing major non-equity investments, with a total investment of ¥1,812,350,000.00 for various cloud computing base projects, including the Fangshan Green Cloud Computing Base Phase I and II[86]. - The company completed a significant equity investment of ¥1,127,010,000.00 in Zhida Cloud, acquiring a 65% stake in the company[84]. - The company has ongoing construction projects with varying completion rates, including the Shanghai Jiading Green Cloud Computing Base Phase II, which has a cumulative actual investment of ¥1,084,928,052.94[86]. - The company has successfully replaced pre-invested self-raised funds with raised funds amounting to approximately 1.26 billion RMB as of December 31, 2021[94]. Operational Efficiency and Cost Management - The company is committed to controlling the increase in operational costs while enhancing management and operational efficiency[4]. - The company is focusing on enhancing its service capabilities in cloud value-added services amid the growing demand for digital infrastructure[27]. - The company is enhancing its operational efficiency through the establishment of an intelligent management platform for data centers, which includes features like dynamic capacity analysis and real-time monitoring[111]. - The company aims to improve operational efficiency and service quality through integrated management systems across various platforms[70]. - The overall operating margin improved to 25%, up from 22% in the previous year, indicating better cost management[145]. Market Position and Competition - The company ranked fourth among third-party data center operators in terms of IDC service revenue in 2020, indicating a leading position in the market[6]. - The company is focused on expanding its market presence and improving service quality to mitigate competition risks in the data center industry[6]. - The company has a strong market presence in the data center industry, with a focus on high-quality professional services, leading to a high market share and brand recognition[50]. - The company is actively exploring new IDC business models, including a collaboration with China Telecom in Urumqi to expand its market presence in the western region[30]. - The company is expanding its data center projects in Tianjin and Hangzhou to meet the growing demand from internet enterprises and cloud service providers[113]. Research and Development - The company increased its R&D investment in data center technology innovation and energy-saving optimization during the reporting period[27]. - R&D investment increased to ¥260,811,072.83 in 2021, representing 3.39% of operating revenue, up from 2.91% in 2020[75]. - The company is actively investing in research and development for advertising effectiveness analysis tools and short video platform data integration to enhance market competitiveness[36]. - The company has completed several R&D projects, including an IPv6-based website filing management system and an illegal information detection system, enhancing compliance and network safety[69]. - The company is developing a cooling model system using big data analysis to enhance energy efficiency in data centers[70]. Environmental Initiatives - The company is committed to building green data centers, focusing on low-carbon operations and energy efficiency, in line with national carbon peak and carbon neutrality goals[38]. - The company reduced carbon dioxide emissions by nearly 70,000 tons in 2021 through various energy-saving measures[33]. - The company aims to achieve carbon neutrality by implementing energy-saving technologies and renewable energy facilities, targeting a reduction of carbon emissions by approximately 2,000 tons annually through a 396kW rooftop solar power system[42]. - The company is exploring indirect evaporative cooling and liquid cooling technologies, which are projected to reduce the annual PUE value by over 0.05 and 0.15 respectively, leading to a decrease in carbon emissions by approximately 4,000 tons and 12,000 tons[44]. - The company has received multiple awards for its carbon reduction initiatives and was involved in establishing national standards for data center energy efficiency[33]. Governance and Compliance - The company emphasizes the importance of maintaining core and key technology autonomy while ensuring consistent service quality[52]. - The company has established a robust investor relations management system to facilitate communication and transparency[122]. - The company has maintained a strong focus on compliance and risk management throughout its operations[118]. - The company has implemented a performance evaluation and incentive mechanism to enhance management accountability[122]. - The company has established a commitment to maintain independence and avoid related party transactions[181]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of 0.2 CNY per 10 shares (including tax) to all shareholders, based on a total share capital of 1,797,592,847 shares[7]. - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring transparency and compliance[167]. - The company’s profit distribution plan aligns with its articles of association and shareholder return policies, ensuring shareholder interests are protected[169]. - The total compensation for senior management in 2021 amounted to CNY 5,083,444[130]. - The total remuneration for the current directors, supervisors, and senior management in 2021 amounted to CNY 9.1553 million[147].