GIT(SZ:300465)2023-04-17 16:00Financial Performance - The company's software business revenue in 2022 was CNY 1,440,594,872.87, a decrease of 36.79% compared to CNY 2,278,964,568.88 in 2021[22]. - The net profit attributable to shareholders in 2022 was a loss of CNY 75,008,049.60, representing a decline of 160.50% from a profit of CNY 123,987,125.52 in 2021[22]. - The system integration business revenue fell significantly to CNY 478 million in 2022, down approximately 60.13% year-on-year due to increased direct procurement by major clients[3][22]. - The company achieved a total operating revenue of 1.441 billion yuan in 2022, representing a year-on-year decrease of 36.79%[41]. - The net profit attributable to shareholders was -75.008 million yuan, a year-on-year decline of 160.50%[41]. - In Q4 2022, the operating revenue was 560.088 million yuan, while the net profit attributable to shareholders was -69.362 million yuan[24]. - The company reported a cash flow from operating activities of 65.615 million yuan in Q4 2022, recovering from negative cash flow in previous quarters[24]. - The company reported a net profit of -¥75.24 million for 2022, while the net profit attributable to the parent company, excluding goodwill impairment and investment losses, was ¥2.83 million[51]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[100]. - The company reported a net profit margin of 25% for 2022, maintaining strong profitability amidst market challenges[101]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 103,017,538.75, worsening by 21.38% compared to a negative CNY 84,869,994.84 in 2021[22]. - The total assets at the end of 2022 were CNY 1,378,775,639.86, down 8.40% from CNY 1,505,236,956.76 at the end of 2021[22]. - The net cash flow from operating activities was negative at -¥103,017,538.75, a decline of 21.38% year-on-year[74]. - Investment cash inflow dropped by 90.17% to ¥55,267,838.64, while investment cash outflow decreased by 72.63% to ¥126,262,347.69[74]. - Total assets at the end of 2022 amounted to ¥1,376,000,000, with cash and cash equivalents accounting for 20.78%[77]. - Accounts receivable decreased to ¥318,646,474.58, representing 23.11% of total assets, down from 26.03% in 2021[77]. - The company reported a significant decline in net cash flow from investment activities, down 170.23% year-on-year[75]. Goodwill and Impairment - The company recognized goodwill impairment of CNY 42,450,900 in 2022 due to underperformance of subsidiaries[4]. - The company has a goodwill balance of 43.779 million yuan, which is subject to annual impairment testing[92]. Research and Development - The company’s R&D expenses increased by 26.39% to 112,743,814.34 CNY in 2022, reflecting a focus on developing important solutions and modules in response to market opportunities[64]. - The company reported a research and development (R&D) investment of ¥107,009,278.15 in 2022, which represents 7.43% of its operating revenue, a significant increase from 3.34% in 2021[71]. - The number of R&D personnel increased by 22.16% from 334 in 2021 to 408 in 2022, with a notable rise in the proportion of personnel holding bachelor's and master's degrees[70]. - The R&D investment has shown a consistent upward trend over the past three years, reflecting the company's commitment to innovation and market competitiveness[71]. Business Strategy and Market Position - The company’s main business segments include financial information services and mobile advertising marketing, focusing on IT solutions and software services for financial institutions[34][35]. - The company is focusing on enhancing its cloud operation management capabilities to adapt to the increasing complexity of data center operations and the demands of digital transformation[66]. - The company is committed to leveraging new technologies such as artificial intelligence and cloud-native solutions to enhance its service offerings and operational efficiency[66]. - The company is focusing on transforming its business model to cater to institutional clients, anticipating significant growth in institutional investor participation in the Chinese capital market over the next decade[68]. - The company aims to enhance cross-selling opportunities by analyzing and mining potential business value from segmented customer types[68]. Corporate Governance and Compliance - The company has established a reasonable and effective internal control system, which has been well implemented as of December 31, 2022[131]. - The internal control evaluation report indicates that 100% of the total assets and operating income of the evaluated units are included in the consolidated financial statements[133]. - The company adheres to national laws and regulations to protect the rights of shareholders and creditors, continuously improving its corporate governance structure[137]. - The company has not reported any significant internal control deficiencies during the reporting period[134]. - The company has not faced any penalties from regulatory bodies regarding internal control issues in 2022[95]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,503, an increase from 38,584 at the end of the previous month[176]. - The largest shareholder, Yingtan Eagle High Investment Consulting Co., Ltd., holds 22.81% of the shares, totaling 101,886,476 shares, with 11,000,000 shares pledged[176]. - The company has a total of 446,762,257 shares outstanding, all of which are unrestricted shares[173]. - The company has not engaged in any repurchase agreements among the top 10 shareholders during the reporting period[179]. Employee Information - The total number of employees at the end of the reporting period was 4,483, with 4,070 being technical staff[121][122]. - The employee compensation totaled 59,397.63 million CNY, accounting for 50.87% of the company's operating costs[123]. - The company has a training plan for employees, aiming to enhance training management and execution in 2023[124]. Future Outlook - The company has set a revenue guidance of 1.8 billion RMB for the fiscal year 2023, indicating a growth target of 20%[102]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023, focusing on AI-driven software solutions[103]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[104].