WINNER TECH.(SZ:300609)2023-04-21 16:00Financial Performance - The company reported a significant decline in performance, resulting in a net loss attributed to shareholders of RMB 1,537.91 million, a decrease of RMB 2,684.00 million compared to the previous year[5]. - The company’s core business and financial indicators have not experienced significant adverse changes and are generally consistent with industry trends[5]. - The company does not face major risks regarding its ability to continue operations[7]. - The company’s registered address has changed to a new location in the Shanghai Free Trade Zone, indicating potential strategic adjustments[22]. - The company's operating revenue for 2022 was ¥361,120,927.63, a decrease of 7.04% compared to ¥388,488,486.74 in 2021[26]. - The net profit attributable to shareholders for 2022 was -¥37,671,342.63, representing a decline of 205.99% from ¥35,542,173.37 in 2021[26]. - The net cash flow from operating activities for 2022 was -¥1,260,770.37, a decrease of 102.25% compared to ¥56,078,725.80 in 2021[26]. - The total assets at the end of 2022 were ¥1,257,172,131.79, down 6.62% from ¥1,346,288,241.38 at the end of 2021[26]. - The company reported a basic earnings per share of -¥0.3089 for 2022, compared to ¥0.2915 in 2021, reflecting a decline of 205.97%[26]. - The company experienced significant losses in the first and fourth quarters of 2022, with net profits of -¥21,914,206.81 and -¥15,364,070.39 respectively[28]. Risk Management - The company is actively monitoring and addressing the main risks it faces, as detailed in the management discussion section[9]. - The company’s management emphasizes the importance of risk awareness for investors regarding future plans and forecasts[8]. - The company faces risks related to business model innovation, particularly in expanding its customer flow analysis system in offline commercial sectors, which may require significant operating capital and have uncertain implementation outcomes[129]. - The company is implementing measures to control customer credit risk and improve accounts receivable collection to safeguard cash flow as business scales up[136]. Business Segments and Market Trends - The company has established three major business segments: digital commerce, digital government, and digital justice, focusing on providing digital solutions across various industries[36]. - The company anticipates that the big data industry will continue to grow, with a projected scale exceeding ¥3 trillion by 2025, maintaining an annual compound growth rate of around 25%[37]. - The digital government market in China is projected to reach nearly 600 billion yuan by 2025, with a compound annual growth rate of over 10% from 2020 to 2025[49]. - The penetration rate of digital commercial solutions in existing physical businesses remains low, indicating significant market potential[42]. - The shift towards experience-based consumption is driving the need for offline data optimization and operational efficiency[39]. - The integration of AI, IoT, AR, VR, and 5G technologies is increasingly recognized as crucial for retail transformation[41]. Revenue and Expenses - Digital commercial revenue accounted for 68.32% of total revenue, totaling ¥246,714,307.44, down 2.13% from the previous year[88]. - The digital justice segment saw a significant decline of 26.28%, with revenue of ¥76,514,111.83, down from ¥103,793,492.93 in 2021[88]. - The company reported a 43.30% increase in revenue from data and operation services, totaling ¥97,544,532.63, compared to ¥68,069,852.26 in 2021[88]. - The gross profit margin for digital commercial services was 48.96%, down by 7.03% compared to the previous year[91]. - The company’s operating costs for digital commercial services increased by 13.50% year-on-year, totaling 125,925,266.95 CNY[93]. Research and Development - The company’s R&D investment amounted to ¥76,807,696.89 in 2022, representing 21.27% of its operating revenue[103]. - The number of R&D personnel decreased by 15.85% from 284 in 2021 to 239 in 2022, while the proportion of R&D personnel increased from 36.69% to 38.36%[103]. - The company is developing a Precision Customer Flow Recognition System, which utilizes advanced video technology for data collection and analysis, currently in the development phase[102]. - The company is focused on enhancing its data service platform and improving service quality to attract more clients and mitigate risks associated with the new data service model[130]. Governance and Management - The company has a complete governance structure with independent operations, ensuring no interference from controlling shareholders[142]. - The board of directors consists of 9 members, including 3 independent directors, and has held 3 meetings during the reporting period[144]. - The company maintains independent operations in assets, personnel, finance, institutions, and business, with no asset occupation by controlling shareholders[146]. - The company has established a remuneration and assessment committee to determine the remuneration of directors and senior management based on industry standards[165]. Profit Distribution - The company has a cash dividend policy that aims for a minimum of 80% of profit distribution in cash dividends during mature stages without significant capital expenditure[180]. - The company did not distribute any cash dividends for the 2022 fiscal year, as it did not achieve profitability[189]. - The total distributable profit for the year was 142,898,130.70 CNY, with 100% of the profit distribution allocated to cash dividends[189]. - The company plans to carry forward the undistributed profits from 2022 to the next fiscal year[189].