Yusys Technologies(SZ:300674)2022-03-30 16:00Dividend and Financial Performance - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 711,626,137 shares[4]. - The company's operating revenue for 2021 was ¥3,726,204,465.44, representing a 24.97% increase compared to ¥2,981,587,313.79 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥395,824,558.99, a decrease of 12.60% from ¥452,897,119.62 in 2020[21]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥361,597,819.59, which is a 22.53% increase from ¥295,102,004.10 in 2020[21]. - The total operating revenue for 2021 reached ¥3,726,204,465.44, representing a year-on-year increase of 24.97% from ¥2,981,587,313.79 in 2020[82]. - The company achieved a net profit attributable to shareholders of ¥316,382,624.63 for the year, with the fourth quarter contributing 44.89% of total revenue[85]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2021, representing a year-over-year growth of 25%[161]. Risk Management and Compliance - The company acknowledges various risks including market competition, customer concentration, and technology development quality risks[4]. - The company emphasizes the importance of risk management in its future development strategies[4]. - Regulatory risks may impact the company's innovative business models, necessitating close monitoring of changes in oversight from financial authorities[155]. - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate information is available to all investors[174]. Technological Innovation and Development - The company has a strong focus on technological innovation and product development to enhance its market position[4]. - The company is positioned to benefit from the ongoing digital transformation in the banking sector, driven by national strategies promoting the integration of technology and finance[50]. - The company has a strong focus on R&D and technology accumulation, continuously investing in product development to enhance its competitive edge in the financial IT sector[45]. - The company launched over 100 certified products in the financial innovation sector and participated in more than 20 technical verification and pilot projects[64]. - The company aims to continue R&D investments focusing on cloud-native platforms, privacy computing, and AI technologies for future growth[69]. - Investment in new technology development increased by 30% in 2021, with a focus on enhancing product features and user experience[163]. Market Expansion and Strategic Partnerships - The company is actively expanding its market presence and exploring new business opportunities[4]. - The company has established long-term stable partnerships with over 200 financial institutions, including major state-owned banks and various non-bank financial institutions[39]. - The company expanded its overseas market presence, achieving progress in Singapore, Indonesia, Malaysia, and Cambodia despite pandemic challenges[70]. - The company is exploring partnerships with local firms to strengthen its distribution network in emerging markets[163]. - The company signed contracts with three major city commercial banks for inclusive financial digital credit services during the reporting period[62]. Governance and Management - The company has established a comprehensive governance structure to support its operational integrity and transparency[4]. - The company has a well-structured governance system, with no major discrepancies from regulatory requirements[177]. - The company maintains independence in its operations, with no significant competition or unfair transactions with its controlling shareholders[178]. - The company has a complete and independent financial accounting system, ensuring financial decisions are made independently[182]. - The board of directors has been restructured, with new appointments aimed at strengthening governance and oversight[195]. Financial Health and Investment - The total cash inflow from operating activities increased by 26.19% to approximately ¥4.07 billion in 2021 compared to ¥3.23 billion in 2020[114]. - The company successfully raised approximately ¥11.15 billion through a private placement, which will be used to enhance product and technology development[74]. - The company reported a significant reduction in short-term borrowings, which decreased by 4.16% to zero, as all borrowings were repaid[120]. - The company reported a capital increase of 60% by issuing 6 new shares for every 10 shares held[189]. - The company has not made any significant equity investments during the reporting period[128]. Customer Engagement and Satisfaction - Customer satisfaction ratings improved to 85%, reflecting the success of recent service enhancements[163]. - User data showed a growth in active users, reaching 10 million by the end of 2021, which is a 15% increase compared to the previous year[163]. Future Outlook - The company provided guidance for 2022, projecting revenue growth of 20% to 1.8 billion, driven by new product launches and market expansion efforts[163]. - Future earnings guidance indicates a positive outlook, with expectations of revenue growth driven by new initiatives[197].