恒实科技(300513) - 2021 Q4 - 年度财报

Financial Performance - The company reported a net loss attributable to shareholders of 185.34 million yuan for the year 2021, primarily due to delays in bidding and settlement from major clients caused by the pandemic, increased competition leading to a decline in gross margin, and a goodwill impairment provision of 203.21 million yuan [5]. - The company's operating revenue for 2021 was CNY 1,225,152,617.51, a decrease of 13.54% compared to CNY 1,417,027,880.90 in 2020 [30]. - The net profit attributable to shareholders for 2021 was a loss of CNY 185,337,340.76, representing a decline of 273.16% from a profit of CNY 107,031,691.00 in 2020 [30]. - The net cash flow from operating activities decreased by 38.39% to CNY 69,975,671.99 in 2021 from CNY 113,577,354.89 in 2020 [30]. - The total assets at the end of 2021 were CNY 3,662,268,518.77, down 2.56% from CNY 3,758,293,625.58 at the end of 2020 [30]. - The net assets attributable to shareholders decreased by 8.06% to CNY 2,341,270,817.01 at the end of 2021 from CNY 2,546,427,575.38 at the end of 2020 [30]. - The basic earnings per share for 2021 was -CNY 0.5908, a decrease of 273.15% from CNY 0.3412 in 2020 [30]. - The company reported a significant loss in the fourth quarter with a net profit attributable to shareholders of -CNY 242,369,763.04 [33]. - The company experienced a decline in the weighted average return on net assets, which was -7.59% in 2021 compared to 4.27% in 2020 [30]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years [30]. Business Strategy and Development - The company is focusing on optimizing its business structure in the smart energy sector and investing in research and development of new business models, including virtual power plants, although revenue and profit from these new businesses have not yet fully materialized [5]. - The company plans to enhance its risk management capabilities by expanding its market presence in telecommunications design and electricity communication design, successfully opening multiple industry sectors [8]. - The company is committed to continuous technological innovation and strategic partnerships to enhance its market offerings and user satisfaction [7]. - The company is actively involved in the development of virtual power plants and related market regulations to support national carbon neutrality objectives [46]. - The company is focusing on comprehensive energy services and actively investing in the development of new business forms, including virtual power plants [49]. - The company aims to leverage digital twin, CIM, BIM, and GIS technologies for digital transformation in planning and design [104]. - The company plans to enhance its core business in digital transformation and new comprehensive energy utilization, focusing on energy aggregation and optimization [103]. - The company aims to enhance its market share in smart energy, smart transportation, and smart cities by leveraging opportunities from the new power system and digital transformation [105]. Research and Development - The company has 47 invention patents, 78 utility model patents, and 376 software copyrights as of the end of the reporting period [50]. - The company's R&D investment amounted to ¥95,092,853.97 in 2021, representing 7.76% of total revenue, an increase from 6.96% in 2020 [85]. - Research and development expenses are focused on enhancing capabilities in smart city applications and 5G technology, with ongoing projects aimed at improving the company's competitive edge [84]. - The number of R&D personnel decreased by 8.64% from 602 in 2020 to 550 in 2021, indicating a potential shift in resource allocation [84]. Market Position and Competition - The company ranks among the top five in revenue among nearly 300 consulting design units in the national communication industry [55]. - The company has established a strong customer base across all provinces in China, leveraging its technical expertise and understanding of user needs to maintain customer loyalty [63]. - The company has secured multiple provincial-level 5G communication engineering design projects, laying a solid foundation for achieving annual operational goals [48]. - The communication design segment remains a stable cash flow and net profit support, with plans to strengthen capabilities in smart energy and industrial internet design [104]. Governance and Management - The company has a structured governance framework with a clear delineation of roles among its directors and management [121]. - The management team is committed to maintaining transparency and accountability in its operations and financial reporting [121]. - The company’s board includes independent directors with diverse backgrounds, enhancing governance and oversight capabilities [120]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 500.85 million [127]. - The company has established a performance-oriented compensation policy to align with its strategic direction and operational goals [136]. Environmental and Social Responsibility - The company has established an environmental management system compliant with ISO 14001:2015 standards and has not faced any administrative penalties for environmental issues during the reporting period [158]. - The company actively promotes environmental protection and energy conservation, implementing measures to reduce water and electricity consumption [159]. - The company has established a mutual aid foundation to support employees in need and contribute to social welfare initiatives [161]. - The company is engaged in educational poverty alleviation efforts and is focusing on smart agriculture in rural revitalization projects [162]. Shareholder Commitments and Stock Management - The company plans to repurchase at least 2% of its total shares through centralized bidding within 90 days from the announcement date, with the repurchase price not exceeding the latest audited net asset value per share [182]. - The company will implement a stock price stabilization plan, allowing directors and senior management to propose specific plans for stabilizing the stock price within five trading days after the completion of stabilization measures [184]. - The company has committed to not using its assets for unrelated investments during the tenure of its directors and senior management [196]. - The company will ensure compliance with relevant laws and regulations during the repurchase and stabilization processes [182].