GIT(SZ:300465)2022-04-11 16:00Financial Performance - The company's operating revenue for 2021 was CNY 2,278,964,568.88, representing a 20.35% increase compared to CNY 1,893,658,496.29 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 123,987,125.52, a significant turnaround from a loss of CNY 671,247,584.07 in 2020, marking an increase of 118.47%[17]. - The net profit after deducting non-recurring gains and losses was CNY 118,042,715.16, compared to a loss of CNY 701,755,987.68 in the previous year, reflecting a 116.82% improvement[17]. - The basic earnings per share for 2021 was CNY 0.28, a recovery from a loss of CNY 1.50 per share in 2020, indicating an increase of 118.67%[17]. - The company reported a net profit of 123.99 million CNY, successfully turning around from a loss[40]. - The profit for the period reached CNY 132 million, a significant increase of 119.89% compared to the previous year, marking a turnaround from losses[49]. Revenue Breakdown - In 2021, the company's total revenue reached 21.22 billion CNY, a year-on-year increase of 35.12%, accounting for 93.10% of total revenue from financial technology services[39]. - The software development and service segment achieved revenue of 9.23 billion CNY, growing by 50.28% year-on-year, marking a record high[39]. - The system integration and service business generated revenue of 11.99 billion CNY, reflecting a year-on-year growth of 25.39%[39]. - Revenue from the banking financial sector accounted for 85.12% of total revenue, with a year-on-year growth of 38.15%[51]. - The software development and services segment generated CNY 922.58 million, contributing 40.48% to total revenue, with a growth rate of 50.28%[51]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -84,869,994.84, a decline of 136.53% compared to CNY 232,360,648.49 in 2020[17]. - The total assets at the end of 2021 were CNY 1,505,236,956.76, a decrease of 22.38% from CNY 1,939,276,129.09 at the end of 2020[17]. - Cash and cash equivalents decreased by 4.79% to CNY 373,878,639.80, primarily due to payments for procurement and loan repayments[78]. - Accounts receivable increased by 7.36% to CNY 391,779,062.82, attributed to business growth and increased receivables[78]. - Contract liabilities rose by 3.74% to CNY 202,140,235.06, driven by business growth and increased advance payments[78]. Research and Development - Research and development expenses increased by 13.64% to ¥89,201,692.53, reflecting the company's commitment to enhancing technological innovation capabilities[64]. - The company aims to improve customer insight capabilities by integrating internal and external data, facilitating better customer analysis and service[65]. - The company has completed the development of a digital customer management platform, which has been implemented in several banks, expected to generate revenue in the coming years[65]. - The company has developed a decision support system software named iFinDataDSS, which aims to enhance data management efficiency and provide comprehensive insights for financial enterprises[69]. - The company reported a total R&D investment of ¥76,050,766.95, representing 3.34% of total revenue, a slight increase from 3.33% in 2020[72]. Strategic Initiatives - The company is focusing on expanding its financial technology services in response to the national strategy promoting digital economy development[27]. - The company aims to enhance its market share and client diversity in the financial technology sector, leveraging the "14th Five-Year Plan" to drive digital economy initiatives[91]. - The company plans to expand its workforce and improve employee training to meet business demands and enhance professional skills[91]. - The company is committed to maintaining its leading position in the supply chain finance industry while improving operational efficiency and customer satisfaction[71]. - The company is focusing on building its own IT infrastructure and standards to create a controllable and secure IT ecosystem, aligning with national strategies for domestic IT infrastructure[67]. Governance and Compliance - The company established and improved its governance structure in compliance with relevant laws and regulations, ensuring no significant discrepancies with the requirements set by the China Securities Regulatory Commission[98]. - The company maintained independence from its controlling shareholders in terms of business, personnel, assets, institutions, and finance[99]. - The company has committed to further optimizing and improving its internal control systems in the future[98]. - The company has not experienced any significant changes in its competitive landscape during the reporting period[100]. - The company did not face any penalties from the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding internal control issues during the reporting period[98]. Market Presence and User Growth - The user base increased by 20% in 2021, reaching 5 million active users[111]. - The company expects a revenue growth of 10-15% for the upcoming fiscal year, driven by new product launches and market expansion strategies[111]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[111]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's service offerings and customer reach[111]. - The company is focused on rapidly scaling its software business and exploring various growth points within banking technology[91]. Employee and Compensation - The company employed a total of 4,001 staff members at the end of the reporting period[122]. - Employee compensation totaled CNY 567.98 million, accounting for 29.9% of the company's operating costs[125]. - The management compensation structure includes a base salary, performance bonuses, and year-end bonuses, aligning with market standards[132]. - The company aims to improve employee engagement through a performance-based compensation system that aligns individual and team goals with corporate strategy[124]. - The company plans to enhance training management and strengthen cooperation with universities to secure technical talent for future expansion[126]. Shareholder and Equity Information - The company reported a negative distributable profit of CNY -173.03 million, resulting in no cash dividends or stock distributions for the year[131]. - The company has established a commitment to disclose any potential conflicts of interest in a timely manner[151]. - The company has a structured plan for share transfers, limiting annual transfers to 25% of total indirect holdings during the tenure of its directors and senior management[163]. - The largest shareholder, Yingtan Yinga Investment Consulting Co., Ltd., holds 22.81% of the shares, totaling 101,886,476 shares, with a decrease of 2,263,300 shares during the reporting period[192]. - The company has no preferred shares outstanding as of the reporting period[200].