GIT(SZ:300465)2023-05-29 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 gross margin decreased by 6.11% due to additional costs incurred from project delays, impacting overall profitability[3]. - The system integration business revenue fell significantly to CNY 478 million, down approximately 60.13% year-on-year, primarily due to increased direct procurement by major clients[3][22]. - The company achieved total operating revenue of 1.441 billion yuan in 2022, a year-on-year decrease of 36.79%[41]. - The net profit attributable to shareholders was -75.008 million yuan, reflecting a year-on-year decline of 160.50%[41]. - In Q4 2022, the operating revenue reached 560.088 million yuan, while the net profit attributable to shareholders was -69.362 million yuan[24]. - The company reported a significant decline in operating cash flow, with a net cash flow from operating activities of approximately ¥-103.62 million in 2022, compared to ¥-39.57 million in 2021[54]. - The company's total revenue for 2022 was approximately 137 million RMB, with a net profit of around 13 million RMB, representing a profit margin of about 9.5%[88]. - The overall performance in 2022 shows a stable growth trajectory, with a focus on improving operational efficiency and profitability[88]. Assets and Liabilities - The total assets at the end of 2022 were CNY 1,378,775,639.86, a decrease of 8.40% from CNY 1,505,236,956.76 in 2021[22]. - The net assets attributable to shareholders decreased by 11.00% to CNY 617,457,896.11 from CNY 693,800,668.24 in 2021[22]. - The company's total assets included cash and cash equivalents of ¥286,454,950.58, accounting for 20.78% of total assets, down from 24.84% at the beginning of the year[77]. - Short-term borrowings rose to ¥335,936,869.70, representing 24.36% of total assets, an increase of 9.34% from the beginning of the year[77]. - The net cash increase in cash and cash equivalents was -¥82,009,447.47, a decrease of 32.41% year-on-year[74]. Goodwill and Impairment - The company recognized goodwill impairment of CNY 42,450,900 in 2022 due to underperformance of subsidiaries[4]. - The company reported a goodwill balance of 43.779 million yuan, which is subject to annual impairment testing[93]. Research and Development - The company’s R&D expenses increased by 26.39% to approximately ¥112.74 million in 2022, reflecting a focus on developing important solutions and modules[64]. - The number of R&D personnel increased to 408 in 2022, representing a growth of 22.16% compared to 334 in 2021[70]. - The company's R&D investment in 2022 amounted to ¥107,009,278.15, representing 7.43% of total revenue, a significant increase from 3.34% in 2021[71]. Market and Business Strategy - The company plans to maintain its core business and competitive advantages despite the challenging environment[6]. - The company is focusing on the development of a distributed credit system architecture to support independent development and maintenance, enhancing scalability and flexibility[67]. - The company aims to enhance its research and investment service capabilities, focusing on detailed categorization of investment activities and improving online management of events and meetings[68]. - The company is actively pursuing new technology development and consulting services to strengthen its competitive position in the market[88]. - The company anticipates significant market opportunities in the next few years due to the increasing demand for domestic solutions in the financial sector[66]. Governance and Compliance - The company has established and improved its governance structure in compliance with relevant laws and regulations, ensuring effective decision-making by the board[96]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finance[97]. - The company has not faced any significant discrepancies in governance compared to regulatory requirements[96]. - The company has established a reasonable and effective internal control system, which has been well implemented as of December 31, 2022[127]. Shareholder Information - The company has not proposed any cash dividends or stock bonuses for the year[8]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital due to negative distributable profits for 2022[126]. - The total number of shares remains at 446,762,257, with no changes during the reporting period[169]. - The total number of shares held by the largest shareholder, Yingtan Eagle High Investment Consulting Co., Ltd., is 101,886,476, representing 22.81% of the total shares[172]. Employee and Compensation - Employee compensation totaled 593.9763 million yuan, accounting for 50.87% of the company's operating costs[121]. - The company emphasizes a competitive and fair salary policy to attract and retain talent, linking individual performance to corporate strategy[121]. - The total number of employees at the end of the reporting period was 4,483, with 1,744 in the parent company and 2,739 in major subsidiaries[120]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[104]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million yuan earmarked for potential deals[104]. - The company aims to improve customer retention rates by 15% through enhanced service and support initiatives[104].