Boss Soft(SZ:300525)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,564,103,745.01, representing a 37.65% increase compared to ¥1,136,315,468.28 in 2020 [28]. - The net profit attributable to shareholders for 2021 was ¥229,094,690.89, a 41.62% increase from ¥161,771,701.18 in 2020 [28]. - The net profit after deducting non-recurring gains and losses was ¥212,334,219.08, which is a 64.79% increase compared to ¥128,848,651.47 in 2020 [28]. - The net cash flow from operating activities for 2021 was ¥310,003,861.59, up 67.34% from ¥185,250,981.66 in 2020 [28]. - The total assets at the end of 2021 were ¥2,528,328,118.98, an 18.09% increase from ¥2,140,932,920.99 at the end of 2020 [28]. - The net assets attributable to shareholders at the end of 2021 were ¥1,605,103,254.89, a 16.06% increase from ¥1,382,941,083.10 at the end of 2020 [28]. - The basic earnings per share for 2021 was ¥0.5808, which is a 40.09% increase from ¥0.4146 in 2020 [28]. - The diluted earnings per share for 2021 was ¥0.5776, reflecting a 41.53% increase from ¥0.4081 in 2020 [28]. - The company reported a net profit of ¥226,275,256.76 in Q4 2021, significantly improving from losses in the first two quarters [32]. - The company received government subsidies amounting to ¥14,859,558.14 in 2021, down from ¥29,104,752.81 in 2020 [36]. Market and Business Strategy - The company is focused on expanding its market presence and developing new products and technologies to enhance its competitive edge [6]. - The company aims to leverage its SaaS offerings to improve service delivery and operational efficiency in public procurement and government services [18]. - The company is committed to digital transformation initiatives, including the implementation of electronic payment systems and digital ticketing solutions [18]. - The company is actively innovating its SaaS offerings, particularly in public payment services and electronic transaction services, to reduce costs and implementation time for clients [56]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings [70]. - The company aims to become a leading provider of government + internet services in China, targeting to enter the top 20 IT listed companies [141]. - The company plans to promote its e-Fuzhou platform as a benchmark for urban services and expand its smart city initiatives [145]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its competitive position in the software industry [181]. Research and Development - Research and development expenses amounted to ¥241,068,600, accounting for 15.41% of total revenue, with a growth of 44.28% compared to the previous year [65]. - The number of R&D personnel increased by 27.50% from 1,342 in 2020 to 1,711 in 2021, with R&D personnel accounting for 34.17% of the total workforce [98]. - The company is investing 100 million RMB in R&D for new technologies, focusing on AI and big data analytics [191]. - The company is developing a medical electronic invoice management system, which is currently in the acceptance phase and aims to enhance core competitiveness in the electronic invoice field [89]. - The company is enhancing its "Government Payment" platform, which is currently in the testing phase, to improve transaction stability and operational flexibility [95]. Risk Management - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance [6]. - The company emphasizes the importance of information security and management risks, highlighting the potential for core technology leakage and personnel turnover [6]. - The company is committed to enhancing its risk management capabilities to address potential policy changes that could impact its operations [151]. - The company plans to strengthen its information security measures to mitigate risks associated with software defects and data breaches [152]. - The company is focused on protecting its core technologies and retaining key personnel to maintain its competitive advantage [153]. Corporate Governance - The company adheres to legal and regulatory requirements in corporate governance, ensuring transparency and protection of shareholder rights [162]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards [163]. - The company has established various committees, including an audit committee and a strategic committee, to enhance oversight and strategic decision-making [164]. - The company prioritizes information disclosure and investor relations management, ensuring timely and accurate communication with stakeholders [166]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring no unfair related transactions exist [167]. Future Outlook - The company has set a performance guidance for the upcoming year, projecting revenues to reach 1,032.390 million, indicating an expected growth of 128.5% compared to the last reported year [179]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies [191]. - The company plans to launch two new software products in Q3 2022, targeting the education and healthcare sectors [191]. - The company is exploring potential acquisitions to enhance its product offerings and customer base, with a budget of 200 million RMB allocated for this purpose [191].