LONGSHINE(SZ:300682)2022-03-25 16:00Financial Performance - The company reported a total revenue of 1,013,220,296 RMB for the year 2021, with a cash dividend of 1.20 RMB per 10 shares distributed to shareholders[4]. - The company's operating revenue for 2021 was ¥4,639,449,467.87, representing a year-over-year increase of 36.98% from ¥3,386,979,761.83 in 2020[23]. - Net profit attributable to shareholders for 2021 was ¥846,881,629.38, up 19.77% from ¥707,097,839.17 in 2020[23]. - The net profit after deducting non-recurring gains and losses was ¥722,679,685.74, an increase of 23.83% compared to ¥583,594,707.15 in 2020[23]. - The company reported a diluted earnings per share of ¥0.81 for 2021, reflecting a 15.71% increase from ¥0.70 in 2020[23]. - The company achieved a revenue of 4.64 billion yuan in the reporting period, representing a year-on-year growth of 36.98%[62]. - The net profit attributable to shareholders reached 847 million yuan, an increase of 19.77% compared to the previous year[56]. - The energy digitalization business generated revenue of 2.37 billion yuan, growing by 34.99% year-on-year[57]. - The energy internet business reported revenue of 848 million yuan, reflecting a year-on-year increase of 43.58%[60]. - The internet television business revenue was 1.42 billion yuan, up 36.6% from the previous year[61]. Cash Flow and Assets - The company's cash flow from operating activities decreased by 57.79% to ¥163,851,943.65 from ¥388,171,710.57 in the previous year[23]. - Total assets at the end of 2021 were ¥8,849,787,273.48, a 14.36% increase from ¥7,738,673,953.42 at the end of 2020[23]. - The net assets attributable to shareholders increased by 15.73% to ¥6,405,957,775.70 from ¥5,535,383,023.37 in 2020[23]. - The company's cash and cash equivalents net decrease was 226,489,403.44 yuan, a slight improvement of 3.31% compared to the previous year[92]. - The company's total assets increased, but the proportion of cash and cash equivalents decreased from 28.67% to 22.22% due to negative cash flow from operations[97]. - Accounts receivable increased from 1,641,842,677.78 yuan to 2,070,847,460.89 yuan, representing a 2.18% increase in proportion of total assets[97]. - Contract assets increased from 960,164,423.75 yuan to 1,494,357,591.34 yuan, with a proportion increase from 12.41% to 16.89% of total assets[99]. Research and Development - The company has invested over 10% of its total revenue in R&D for several years, resulting in multiple patents in the industry[51]. - Research and development expenses increased by 57.48% to ¥572,294,155.07, reflecting the company's commitment to innovation[78]. - The company achieved a research and development investment of ¥584,682,167.19 in 2021, representing 12.60% of its operating revenue[89]. - The number of R&D personnel increased by 43.90% from 2,408 in 2020 to 3,465 in 2021, with a significant rise in the proportion of personnel holding bachelor's degrees[87]. - The company plans to enhance its research and development investment, maintaining R&D expenses at over 10% of total revenue[144]. Market Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings through ongoing research and development initiatives[4]. - The company is actively involved in the development of a new generation energy internet marketing service system, enhancing its competitive edge in energy service operations[42]. - The company aims to enhance service quality and reduce costs for energy industry clients through digital transformation initiatives[42]. - The company is focusing on the dual-driven development strategy of "energy digitalization + energy internet," targeting B2B2C business models to enhance user experience and optimize supply-demand relationships[132]. - The company plans to enter the European market in 2023, targeting a revenue contribution of 10% from this region[171]. Risks and Challenges - The company acknowledged risks related to reliance on a few major clients, seasonal fluctuations in performance, and rising costs due to business and technological innovations[4]. - The company relies on a few major clients, with over 50% of revenue coming from State Grid, Southern Grid, and China Mobile, which poses a risk if their investment plans change[142]. - The company is addressing risks related to external factors such as the COVID-19 pandemic, which may impact project delivery and business operations[146]. Governance and Management - The company maintained a governance structure compliant with relevant laws and regulations, ensuring operational independence from its controlling shareholder[157]. - The company has established a comprehensive internal control system to manage risks and ensure effective business operations[155]. - The company has a board of directors consisting of 8 members, including 3 independent directors, ensuring diverse and professional decision-making[154]. - The company has a diverse range of expertise among its board members, including backgrounds in technology, finance, and management[168]. - The company has established a performance evaluation system linking work performance directly to compensation for directors and senior management[180]. Employee and Compensation - The total number of employees at the end of the reporting period is 6,020, with 2,880 in the parent company and 3,140 in major subsidiaries[200]. - The company has 5,097 technical personnel, representing approximately 84.6% of the total workforce[200]. - Total pre-tax compensation for directors, supervisors, and senior management amounted to CNY 1,092.74 million during the reporting period[180]. - The chairman, Xu Changjun, received a pre-tax compensation of CNY 123.02 million, while the vice chairman, Zhang Mingping, received CNY 168.32 million[180].