ZHENGYUAN ZHIHUI(SZ:300645)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,065,042,890.31, representing a 12.40% increase compared to ¥947,551,853.11 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥71,213,381.66, which is a 21.91% increase from ¥58,413,434.14 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 48.80% to ¥25,466,735.92 from ¥49,739,818.71 in 2021[23]. - The net cash flow from operating activities increased by 16.47% to ¥40,794,469.80 compared to ¥35,025,325.41 in 2021[23]. - The total assets at the end of 2022 were ¥2,419,211,604.33, a 38.11% increase from ¥1,751,603,415.51 at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were ¥994,900,197.11, up 32.57% from ¥750,465,134.95 in 2021[23]. - The basic earnings per share for 2022 were ¥0.52, reflecting a 13.04% increase from ¥0.46 in 2021[23]. - The diluted earnings per share for 2022 were also ¥0.52, consistent with the basic earnings per share increase[23]. - The weighted average return on equity for 2022 was 7.89%, slightly down from 8.10% in 2021[23]. - The company reported a comprehensive diluted earnings per share of ¥0.5073 based on the latest share capital[23]. Cash Flow and Investments - The company reported a total operating cash inflow of CNY 1,147,714,971.63 in 2022, representing a year-on-year increase of 16.31% compared to CNY 986,738,912.45 in 2021[96]. - The net cash flow from operating activities was CNY 40,794,469.80, up 16.47% from CNY 35,025,325.41 in the previous year[96]. - Investment activities resulted in a net cash outflow of CNY 56,081,812.41, a significant decline of 443.19% compared to a net inflow of CNY 16,341,416.29 in 2021[96]. - The company achieved a total investment of CNY 185,257,680 in the reporting period, a substantial increase of 272.80% compared to CNY 49,694,243 in the previous year[104]. - The company reported investment income of CNY 53,022,624.37, which constituted 82.67% of the total profit, primarily from the disposal of equity in Yunma Wisdom[98]. Business Strategy and Market Position - The company is positioned in the software and information technology services industry, benefiting from national policies supporting digital transformation and smart city initiatives[34]. - The company is expected to leverage government support for educational digitalization, which includes significant funding for infrastructure upgrades in educational institutions[35]. - The management anticipates continued growth driven by the increasing demand for digital solutions in education and smart city projects, supported by favorable government policies[34]. - The company is a leader in the domestic smart campus service ecosystem, providing comprehensive solutions and operations for smart campuses[37]. - The company has diversified its revenue model, including project revenue, operation revenue, and value-added service revenue, enhancing its competitive advantage[56]. - The company is actively collaborating with major banks and telecom operators to promote digital currency applications in educational settings across 15 provinces[68]. - The company completed the acquisition of Zhejiang Nipton and Hangzhou Lianchuang to enhance its capabilities in smart campus solutions[69]. - The company plans to issue new convertible bonds following the early redemption of old bonds, with approval from the Shenzhen Stock Exchange[71]. Technology and Innovation - The company has developed over 40 different models of smart hardware products, widely applied in various sectors including education and government[50]. - The company completed the development of the Campus IoE Integrated Service Platform in April 2022, which is now available for external sales[91]. - The Smart Operations Management Platform based on virtual reality was completed in December 2022 and is also available for external sales[91]. - The company is developing a Smart Community Elderly Care Management Platform, which aims to enhance its service offerings in the smart social elderly care sector[90]. - The company is working on a Digital RMB-based Aggregated Payment Platform to facilitate secure and convenient payment solutions for users[90]. Governance and Compliance - The company adheres to strict governance practices and maintains transparency in information disclosure to protect shareholder interests[152]. - The company has established a complete and independent corporate governance structure, ensuring full control over its assets without any occupation or interference from the controlling shareholder[156]. - The company maintains an independent financial department with a separate accounting system and bank accounts, ensuring independent financial decision-making and tax compliance[158]. - The company has committed to avoiding any business competition with its controlling shareholder, ensuring independent operational capabilities[160]. - The company’s governance practices align with legal and regulatory requirements, with no significant discrepancies noted[160]. Future Outlook - The company has set a revenue guidance of 1.5 billion RMB for 2023, projecting a growth of 25%[165]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023[164]. - The company is exploring potential acquisitions to enhance its technology capabilities, with a budget of 200 million RMB allocated for this purpose[165]. - The company anticipates increased demand for smart campus construction, driven by national policies promoting digital education and infrastructure upgrades[130]. - The market for smart cities and smart parks is expected to expand, with continuous upgrades and increasing market size[131].