EMPTECH(SZ:300546)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥472.99 million, representing a 17.08% increase compared to ¥403.99 million in 2020[18]. - The net profit attributable to shareholders for 2021 was approximately ¥10.90 million, a significant turnaround from a loss of ¥15.30 million in 2020, marking a 171.25% improvement[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥787,464.58, compared to a loss of ¥26.32 million in 2020, reflecting a 102.99% increase[18]. - The basic earnings per share for 2021 was ¥0.08, a recovery from a loss of ¥0.11 per share in 2020, indicating a 172.73% improvement[18]. - The total revenue for the entire year 2021 was ¥473,000,000, reflecting a growth trend in the company's financial performance[21]. - The overall gross margin for the company's products was 46.36%, up by 0.48% compared to the previous year[60]. - Revenue from identity recognition and smart governance reached ¥369,617,552.77, accounting for 78.14% of total revenue, with a year-on-year growth of 32.85%[84]. - The overseas revenue surged by 95.27% to ¥117,165,253.63, while domestic revenue increased by 3.44% to ¥355,833,614.26[84]. Cash Flow and Assets - The company reported a negative net cash flow from operating activities of approximately ¥37.55 million in 2021, worsening from a negative cash flow of ¥18.08 million in 2020, indicating a 107.74% decline[18]. - The company's operating cash inflow for 2021 was CNY 509.23 million, an increase of 9.37% compared to 2020[99]. - The net cash flow from operating activities was CNY -37.55 million, a decrease of 107.74% year-on-year, primarily due to an increase in restricted funds[99]. - The company's total assets at the end of 2021 were approximately ¥1.05 billion, a slight increase of 1.14% from ¥1.04 billion at the end of 2020[18]. - The company's inventory increased to CNY 151.62 million, representing 14.42% of total assets, up from 12.41% at the beginning of the year[105]. Research and Development - The company aims to increase its R&D investment to strengthen its core competitiveness and ensure sustainable growth[29]. - Research and development expenses amounted to ¥86,230,857.73, a decrease of 5.23% from ¥90,989,432.78 in 2020[95]. - The number of R&D personnel remained stable at 293, with a slight increase in the proportion of R&D staff to 35.01%[98]. - The company is committed to continuous innovation, increasing R&D investment, and establishing a four-part R&D structure to support rapid business growth[119]. - The company has implemented a performance and compensation management system to enhance market competitiveness and retain talent, with a focus on rewarding outstanding employees[164]. Market Expansion and Strategy - The company is focusing on expanding its international market, particularly in digital identity and smart election services, while also enhancing domestic smart governance and transportation products[60]. - The company is actively developing next-generation payment terminals based on biometric recognition technology, with pilot projects in cities like Shenzhen and Chongqing[39]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[149]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[149]. - The company is increasing investment in overseas markets, particularly in secure documents and smart transportation, while strengthening its international sales channels[118]. Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, ensuring independent operation from its controlling shareholder[132]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[133]. - The company emphasizes transparency in information disclosure, adhering to regulations and ensuring timely, fair, and accurate communication with stakeholders[135]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholders[137]. - The company has established a comprehensive supplier evaluation system, dynamically managing and updating the qualified supplier list to ensure mutual development and win-win cooperation[183]. Social Responsibility and Employee Welfare - The company emphasizes social responsibility, focusing on creating value for customers and protecting the rights of shareholders and creditors[181]. - The company has conducted health monitoring for employees, ensuring their well-being and safety in the workplace[181]. - The company has introduced a comprehensive welfare system, including social insurance and housing funds, reflecting its core values and corporate culture[165]. - The company has recognized the importance of talent development, with key executives being acknowledged for their contributions to the company’s growth[143]. - The company actively participated in social responsibility initiatives, including donations of self-service machines to support poverty alleviation efforts in Sanjiang Dong Autonomous County[184].