ZHENGYUAN ZHIHUI(SZ:300645)2022-04-24 16:00Financial Performance - The company's operating revenue for 2021 was ¥947,551,853.11, representing a 14.77% increase compared to ¥825,594,779.73 in 2020 [21]. - The net profit attributable to shareholders for 2021 was ¥58,413,434.14, a significant increase of 111.35% from ¥27,637,967.33 in the previous year [21]. - The net profit after deducting non-recurring gains and losses was ¥49,739,818.71, up 141.29% from ¥20,613,825.77 in 2020 [21]. - The basic earnings per share for 2021 was ¥0.46, reflecting a 109.09% increase from ¥0.22 in 2020 [21]. - The total assets at the end of 2021 amounted to ¥1,751,603,415.51, a 16.62% increase from ¥1,501,921,396.53 at the end of 2020 [21]. - The net assets attributable to shareholders increased by 9.03% to ¥750,465,134.95 from ¥688,322,411.28 in 2020 [21]. - The net cash flow from operating activities for 2021 was ¥35,025,325.41, a decrease of 64.87% compared to ¥99,696,259.78 in 2020 [21]. - The company achieved a revenue of 947.55 million RMB in 2021, representing a year-on-year growth of 14.77% [48]. - The net profit attributable to shareholders reached 58.41 million RMB, marking a significant increase of 111.35% compared to the previous year [48]. - Total assets grew by 16.62% to 1.75 billion RMB, while equity attributable to shareholders increased by 9.03% to 750.47 million RMB [48]. Dividend Distribution - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares to all shareholders, based on a total of 137,940,362 shares [4]. - The company implemented a cash dividend distribution of 0.299983 RMB per share, totaling approximately 3.82 million RMB [48]. - The company distributed cash dividends of RMB 3.82 million for the 2020 fiscal year, with a dividend of RMB 0.299983 per share [189]. Strategic Outlook and Development - The report includes a section on future development prospects, detailing the company's strategic outlook [4]. - The company is focused on expanding its market presence in the education sector, aligning with government initiatives for educational management information systems [33]. - The company aims to enhance its product offerings through continuous research and development in smart technology solutions [32]. - The company anticipates further growth opportunities driven by ongoing government support for digital transformation in education [32]. - The company aims to achieve the development goal of "three full, two high, and one large" by 2022, promoting the integration of "Internet + education" [35]. - The company is actively exploring new technologies and strategies to reduce food waste in school dining services through smart management systems [35]. - The company is committed to enhancing the modernization of the software industry chain and promoting collaborative innovation [36]. - The company is exploring potential acquisitions to enhance its technology portfolio and market reach [176]. Market Presence and User Base - The company has over 15 million users on the Easy Campus APP, with daily active users exceeding 3 million [39]. - The company expanded its customer base to nearly 1,000 universities, with a market share growth of approximately 3% annually [42]. - The education sector contributed ¥652,424,620.54, accounting for 68.85% of total revenue, with a growth of 20.81% compared to the previous year [59]. - The cloud platform user base exceeded 15 million, with daily active users surpassing 3 million [51]. - User data showed a growth in active users, reaching 5 million, which is a 15% increase compared to the previous year [156]. Research and Development - The company employs 546 R&D personnel, accounting for 37.37% of its total workforce, and holds 693 software copyrights and 56 patents [42]. - R&D expenses rose by 13.99% to ¥131,610,992.26, representing 13.89% of total revenue in 2021, compared to 13.99% in 2020 [77]. - The company is committed to increasing R&D investment and collaborating with universities and research institutions to develop new products and maintain technological advantages [126]. - The company plans to invest 100 million RMB in new technology development over the next two years [177]. Governance and Compliance - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and maintaining an independent operational structure [129]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure [130]. - The company has established a performance evaluation system linking executive compensation to performance, promoting accountability and transparency [131]. - The company has implemented a stock option incentive plan for 2021, aimed at enhancing employee motivation and retention [146]. - The company has established a comprehensive internal control system to safeguard the rights and interests of the company and its shareholders [200]. Financial Management - The company has a total of 1,513 employees receiving salaries during the period [184]. - The total employee compensation amounted to RMB 221.06 million, accounting for 24.44% of the total costs, with a year-on-year increase of 25.23% [186]. - The company reported a strong performance in 2021, with total revenue reaching CNY 1.5 billion, representing a year-on-year growth of 20% [172]. - The company maintained a solid financial position, with a net profit margin of 15% for the year [172]. - The company has proposed to provide guarantees for its controlling subsidiaries [170]. Risks and Challenges - The company faces significant industry competition risks, particularly from third-party payment companies like Alipay and Tencent, which could disrupt its business model and market share if innovation is not prioritized [122]. - There is a risk of accounts receivable collection, which could impact cash flow if not managed properly, especially as the business scales [125]. - The ongoing COVID-19 pandemic poses risks to project bidding and execution, prompting the company to adopt remote working solutions and localize personnel [128]. - The company received a warning letter from the China Securities Regulatory Commission on January 4, 2021, regarding compliance issues involving key personnel [163].