Forms Syntron(SZ:300468)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥641,544,678.55, representing an increase of 11.77% compared to ¥573,983,631.21 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥66,757,068.93, a decrease of 10.46% from ¥74,555,031.45 in 2020[25]. - The net cash flow from operating activities increased by 127.80% to ¥25,826,137.65 in 2021, up from ¥11,337,301.62 in 2020[25]. - The total assets at the end of 2021 were ¥1,298,781,941.89, reflecting a growth of 3.76% from ¥1,251,771,470.81 at the end of 2020[25]. - The basic earnings per share for 2021 was ¥0.24, down 7.69% from ¥0.26 in 2020[25]. - The weighted average return on equity for 2021 was 5.68%, a decrease from 6.66% in 2020[25]. - The company reported a net profit of ¥13,250,240.68 in Q4 2021, compared to ¥24,184,985.05 in Q3 2021[28]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥62,660,871.23, a decrease of 5.01% from ¥65,963,440.93 in 2020[25]. Revenue Breakdown - Revenue from consulting, maintenance, and product licensing grew by 19.56% year-on-year, while software development revenue increased by 10.09%[39]. - Domestic revenue amounted to 255.41 million yuan, reflecting a growth of 20.68%, while overseas revenue was 386.14 million yuan, up by 6.57%, accounting for 60.19% of total revenue[39]. - Revenue from software development accounted for ¥591,090,266.30, which is 92.14% of total revenue, with a year-on-year growth of 10.10%[47]. - The company reported a significant increase in system integration revenue, which rose by 185.99% to ¥10,462,086.07[47]. Dividend and Share Capital - The company plans to distribute a total cash dividend of RMB 28,329,105.80, which translates to a cash dividend of RMB 1 per 10 shares (including tax) for all shareholders[12]. - The company will increase its total share capital to 509,923,904 shares after a capital increase of 226,632,846 shares, with a distribution of 8 additional shares for every 10 shares held[13]. - The total cash dividend amount for the year is RMB 28,329,105.80, which accounts for 100% of the distributable profit of RMB 432,442,267.82[125][127]. - The proposed dividend distribution plan includes a cash dividend of RMB 1.00 per 10 shares and a capital reserve increase of 8 shares for every 10 shares held, resulting in a total of 226,632,846 new shares[127]. Risk Management - The company faces significant risks due to high reliance on financial institutions, particularly in the context of potential economic fluctuations and changes in management systems[6]. - The company is actively working to mitigate risks associated with talent retention and rising labor costs, emphasizing the importance of a stable and skilled workforce[8]. - The company is expanding its global presence, with a significant portion of its business now overseas, which introduces risks related to international political and economic instability[9]. - The company is implementing measures to address the uncertainties posed by the ongoing pandemic, ensuring employee safety and business continuity[11]. Research and Development - The company is committed to continuous R&D investment to maintain its core competitiveness and plans to develop innovative fintech products, including distributed systems and blockchain technologies[7]. - The number of R&D personnel increased to 918 in 2021, representing a 27.15% increase from 722 in 2020[71]. - R&D investment amounted to ¥84,755,461.76 in 2021, accounting for 13.21% of operating revenue, a decrease from 13.88% in 2020[72]. - The company has invested in new technologies such as blockchain and artificial intelligence to enhance its capabilities in digital transformation for banks[42]. Corporate Governance - The company held three shareholder meetings during the reporting period, utilizing a combination of online and in-person voting to facilitate participation[91]. - The board of directors consists of seven members, including three independent directors, and has established various committees to ensure effective governance[92]. - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[93]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[96]. Market Position and Strategy - The company recognizes the increasing competition in the fintech market and is focused on enhancing its market position through technological advancements and customer understanding[6]. - The company aims to improve customer experience by providing seamless, customized financial products and services across various channels[87]. - The company aims to maintain its first-mover advantage in central bank digital currency and cross-border payments, leveraging its research and implementation experience[88]. - The company is focused on digital transformation and enhancing its financial services through innovative technologies and modular service platforms[86]. Compliance and Social Responsibility - The company adheres to legal regulations and emphasizes the importance of both economic and social benefits in its operations[139]. - The company is actively involved in poverty alleviation and rural revitalization through the "Nong e Loan" project, which utilizes big data for risk assessment and provides online loans to farmers[140]. - The company has not faced any significant environmental penalties or issues during the reporting period[138]. - The company has established a comprehensive internal control system to ensure compliance and safeguard assets, with no significant internal control deficiencies reported during the period[130][133].