Synthesis Electronic Technology (SZ:300479)2022-04-21 16:00Financial Performance - The company reported a net profit attributable to shareholders of -164.89 million yuan in 2021, a decrease of 2,484.49% compared to the previous year[6]. - Operating revenue for 2021 was 366.14 million yuan, down 2.52% from 375.59 million yuan in 2020[22]. - The net profit attributable to shareholders for Q4 2021 was -¥139,188,574.20, with a total annual net profit of -¥164,893,799.90[25]. - The total revenue for 2021 was CNY 366,141,921.59, a decrease of 2.52% compared to CNY 375,594,359.65 in 2020[101]. - The identity authentication business generated revenue of 128.74 million yuan, an increase of 3.16% year-on-year, while the AI cloud service business achieved revenue of 100.04 million yuan, a growth of 0.93%[83][85]. - The financial sector's revenue decreased by 54.82% year-on-year due to tightened procurement budgets and delayed orders amid ongoing pandemic impacts[87]. - The security industry revenue grew by 18.03% year-on-year, driven by reduced pandemic impacts and increased business activity[88]. Research and Development - Research and development expenses increased by 32.21% year-on-year, impacting overall profitability[6]. - In 2021, the company invested CNY 61.01 million in R&D, a year-on-year increase of 10.29%, accounting for 16.66% of total revenue[72]. - The company’s research and development focus includes key technologies in AI, algorithm development, and platform architecture, ensuring a robust product pipeline[69]. - The company’s R&D team consists of over 200 professionals with advanced degrees, enhancing its innovation capabilities[74]. - The company completed the development of a multi-functional medical insurance payment terminal that supports various health code and ID card functionalities, enhancing product competitiveness[113]. - The company has filed 71 new patent applications during the reporting period, including 50 invention patents related to AI technology[96]. Cash Flow and Investments - The net cash flow from operating activities was 47.51 million yuan, an increase of 19.74% from the previous year[22]. - The total cash inflow from operating activities in 2021 was ¥512,617,839.87, an increase of 8.83% compared to ¥471,005,721.34 in 2020[119]. - The company raised ¥440,687,891.57 through financing activities, a significant increase of 213.40% compared to ¥140,616,520.00 in the previous year[119]. - The company's cash flow from investment activities showed a net outflow of ¥14,296,819.91, although this was an improvement of 38.11% from the previous year's outflow of ¥23,099,654.32[119]. - The company has not made any significant equity investments during the reporting period[129]. - The company has not made any significant non-equity investments during the reporting period[129]. Market Position and Strategy - The company maintains a leading market position in the identity authentication sector, which is expected to benefit from the implementation of electronic ID policies in 2022[34]. - The company aims to improve its comprehensive competitiveness through a planned private placement and introduction of new market resources[6]. - The company plans to continue its business development and upgrade efforts to enhance operational management and market expansion[6]. - The company is positioned as a leading brand in the medical industry, with a strong competitive advantage in comprehensive service capabilities and overall solutions[36]. - The company aims to enhance its AI cloud service business and achieve significant growth in revenue and profit in 2022[143]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, enhancing transparency and communication with investors[153]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with governance standards[156]. - The company held a total of nine board meetings during the reporting period, demonstrating active governance practices[156]. - The company has implemented effective measures to ensure the independence of its operations from its controlling shareholder, maintaining a clear separation of assets and management[161]. - The company emphasizes adherence to industry salary standards when determining remuneration for its management[181]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 614, with 305 in the parent company and 309 in major subsidiaries[192]. - The company conducted 58 training sessions in 2021, achieving a 100% training coverage rate and a 99% employee satisfaction rate[194]. - The company plans to continue its training initiatives in 2022, focusing on AI and cloud services, with various training methods to enhance employee skills[194]. - The core technical personnel accounted for approximately 3.5% of the workforce, with their compensation representing about 11% of total employee costs[193]. Future Outlook - The company has set a future revenue guidance of 1.8 billion RMB for the next fiscal year, indicating an expected growth of 20%[165]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next two years[167]. - A strategic acquisition of a local tech firm is in progress, expected to enhance the company's R&D capabilities and product offerings[166]. - The company aims to improve operational efficiency by 15% through the implementation of new management strategies in the upcoming fiscal year[167].