Forms Syntron(SZ:300468)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was ¥664,112,243.27, representing a 3.52% increase from ¥641,544,678.55 in 2021[29]. - The net profit attributable to shareholders decreased by 38.27% to ¥41,209,039.68 in 2022, down from ¥66,757,068.93 in 2021[29]. - The net profit after deducting non-recurring gains and losses was ¥37,969,364.68, a decrease of 39.40% compared to ¥62,660,871.23 in the previous year[29]. - The net cash flow from operating activities significantly increased by 445.00% to ¥140,751,892.98, compared to ¥25,826,137.65 in 2021[29]. - Total assets at the end of 2022 reached ¥1,725,128,125.87, a 32.83% increase from ¥1,298,781,941.89 at the end of 2021[29]. - The net assets attributable to shareholders rose by 33.70% to ¥1,594,956,061.55 at the end of 2022, compared to ¥1,192,951,351.99 at the end of 2021[29]. - The basic earnings per share decreased by 38.46% to ¥0.08 in 2022, down from ¥0.13 in 2021[29]. - The diluted earnings per share also decreased by 38.46% to ¥0.08 in 2022, compared to ¥0.13 in 2021[29]. - The weighted average return on equity was 2.77% in 2022, down from 5.68% in 2021, reflecting a decline of 2.91%[29]. - The company's total revenue for 2022 was ¥664,112,243.27, representing a year-on-year increase of 3.52% compared to ¥641,544,678.55 in 2021[52]. Dividend Policy - The company plans to distribute a total cash dividend of RMB 31,838,956.5, which translates to RMB 0.6 per 10 shares (including tax) based on a total share capital of 53,064,927.5 shares as of December 31, 2022[10]. - The cash dividend accounted for 100% of the total profit distribution amount[144]. - The company proposed a cash dividend of RMB 31,838,956.5, which translates to RMB 0.6 per 10 shares (including tax)[144]. - The company has committed to a cash dividend policy, distributing at least 20% of the annual distributable profit as cash dividends[160]. - The company's cash dividend distribution can be in the form of cash, stock, or a combination of both, with a preference for cash dividends[160]. Business Strategy and Market Position - The company is actively expanding its client base and exploring new business models to mitigate the risks associated with high customer concentration, particularly among large commercial banks[6]. - The company is implementing a global expansion strategy, which exposes it to international political and economic uncertainties, as well as potential currency exchange risks[9]. - The company aims to enhance its service value and team capabilities to improve its market competitiveness amidst increasing competition in the fintech sector[7]. - The company is focused on optimizing its management systems to handle the complexities arising from its expanding business and international operations[9]. - The company is positioned as a leading provider of comprehensive financial technology solutions, serving major domestic and international banks[44]. - The company aims to deepen its presence in the Hong Kong and Macau markets while expanding internationally to achieve business growth[97]. Research and Development - The company is committed to continuous R&D investment to maintain its core competitiveness and to develop innovative fintech products, including distributed systems, microservices, blockchain, and AI technologies[7]. - Research and development expenses increased by 11.18% to 94,233,471.92 CNY in 2022 compared to 84,755,461.76 CNY in 2021[65]. - The R&D expenditure has consistently increased over the past three years, with a notable rise from ¥79,675,041.77 in 2020 to ¥94,233,471.92 in 2022[76]. - The company has actively invested in new technologies such as distributed architecture, microservices, blockchain, digital currency, artificial intelligence, and Web 3.0 to support the digital transformation of banks[48]. - The company has completed the development of multiple platforms, including a financial microservice platform and a charity donation platform, enhancing its competitive edge in the market[75]. Risk Management - The company faces high dependency on financial institutions, particularly in their IT investments, which poses a risk if macroeconomic conditions worsen or if there are changes in the management systems of these institutions[6]. - The company is facing risks related to talent retention and rising labor costs due to increased competition for skilled professionals in the industry[8]. - The company has improved its risk management systems using big data and artificial intelligence technologies, enhancing its overall risk control capabilities[45]. Governance and Compliance - The company has established a strong governance structure, ensuring compliance with relevant laws and regulations[101]. - The company has maintained independence from its controlling shareholder, with no guarantees provided or funds occupied by the shareholder[109]. - The company has established a performance evaluation and incentive system that is transparent and compliant with legal regulations[106]. - The company actively communicates with stakeholders to balance interests and promote sustainable development[107]. - Information disclosure is managed strictly according to legal requirements, ensuring timely and accurate information for investors[108]. Employee and Talent Management - Employee compensation accounted for 95.26% of total operating costs in 2022, up from 83.87% in 2021, reflecting a 37.97% increase[59]. - The total number of employees at the end of the reporting period was 2,482, with 2,374 in the parent company and 108 in major subsidiaries[138]. - The total salary expenses for employees amounted to 423.96 million yuan, representing 95.26% of the total operating costs[139]. - The company has implemented a competitive salary policy to attract and retain core talent, including stock incentive plans introduced in 2016 and 2017[139]. Future Outlook - The company plans to enhance its core competitiveness and sustainable profitability by focusing on high-end development and expanding its IT system comprehensive service capabilities[165]. - Future growth strategies will likely include further market expansion and potential acquisitions to enhance competitive positioning[116]. - The company intends to enhance its global service delivery capabilities while actively expanding the domestic market to seize opportunities arising from the upgrade of the banking IT system in China[165].