Beijing (SZ:300803)2023-04-24 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year increase of 15%[8]. - The net profit attributable to shareholders was RMB 300 million, which is a 10% increase compared to the previous year[8]. - Total revenue for 2022 reached ¥1,255,056,504, representing a 34.60% increase compared to ¥932,420,978 in 2021[14]. - Net profit attributable to shareholders for 2022 was ¥338,402,757, a significant increase of 92.06% from ¥176,196,693 in 2021[14]. - The company achieved total operating revenue of CNY 1.255 billion, a year-on-year increase of 34.60%[42]. - The net profit attributable to shareholders reached CNY 338 million, reflecting a significant growth of 92.06% compared to the previous year[42]. - The revenue from internet financial services was CNY 1.230 billion, accounting for 98.00% of total revenue, with a year-on-year growth of 31.90%[43]. User Growth and Market Expansion - User data showed a growth of 20% in active users, reaching 5 million by the end of 2022[8]. - The company is exploring market expansion opportunities in Southeast Asia, aiming for a 5% market share by 2025[8]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[161]. - User data showed an increase in active users, reaching 10 million, which is a 15% increase year-over-year[161]. Strategic Investments and Acquisitions - A strategic acquisition of a tech startup was completed for RMB 50 million, enhancing the company's capabilities in data analytics[8]. - The company completed the acquisition of Wangxin Securities (renamed as Maigao Securities) on July 29, 2022, which has become a major part of its business[14]. - The company successfully acquired Wansheng Securities (now known as Maigao Securities) and is focused on integrating financial information services with securities services[28][31]. - The company completed the acquisition of 100% equity in Wangxin Securities for CNY 1,500,000,000, which was approved by the China Securities Regulatory Commission[63]. - The company completed the acquisition of 100% equity in Wanshin Securities, with a total investment of 150,000 million, approved by the China Securities Regulatory Commission[187]. Research and Development - The company plans to invest RMB 200 million in new product development and technology research in 2023[8]. - The company has invested significantly in research and development, continuously improving its product offerings and user experience, particularly in mobile app development[40]. - The company's research and development expenses amounted to CNY 125 million, an increase of 14.93% year-on-year, primarily due to higher personnel costs[42]. - The company completed several R&D projects, including the "Guiding Needle Hot Radar Station System" and "Guiding Needle Intelligent Alpha Strategy System," both aimed at enhancing user experience and product competitiveness[52][53]. Financial Management and Cash Flow - The company experienced a net cash flow from operating activities of ¥385,606,246 in 2022, a 3.37% increase from ¥373,048,933 in 2021[14]. - The company reported accounts receivable of CNY 44,493,558, which accounted for 1.04% of total assets, an increase from 0.44% at the beginning of the year[59]. - The company has a significant proportion of cash reserves, which is beneficial for adapting to rapid changes in internet technology and securities market products[89]. - The company has consistently utilized self-owned funds for its investments, ensuring liquidity and control over its financial strategies[182]. Governance and Compliance - The company emphasizes the importance of compliance with regulatory requirements and maintaining good relationships with regulatory bodies to mitigate risks associated with policy changes[84]. - The company has implemented a strict internal control management system to ensure compliance with relevant laws and regulations[103]. - The company’s governance structure aligns with the regulations set forth by the China Securities Regulatory Commission[104]. - The company actively engages in investor relations, providing multiple channels for investor inquiries and maintaining transparency[105]. Future Outlook and Guidance - Future guidance indicates an expected revenue growth of 12% to 18% for 2023, targeting a revenue range of RMB 1.34 billion to RMB 1.42 billion[8]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[161]. - The company plans to enhance its product core competitiveness by upgrading both PC and mobile products to meet customer needs and improve user engagement[78]. Employee and Talent Management - The company emphasizes employee training and development, planning to enhance its high-level talent training system in 2023 to improve overall professional standards[131]. - The company has a total of 331 securities personnel, 1,574 sales personnel, 226 technical personnel, 23 financial personnel, and 143 administrative personnel[129]. - The management team includes experienced professionals with backgrounds in finance, technology, and management, enhancing the company's strategic capabilities[114][115]. Corporate Social Responsibility - The company actively fulfills its corporate social responsibility, ensuring timely, accurate, and complete information disclosure without selective disclosure or premature release of non-public information[151]. - The company donated to the Red Cross in Alu Khorqin Banner for local livelihood projects, including the repair of 3 kilometers of rural roads damaged by mountain floods[152]. - The company participates in rural revitalization and educational assistance initiatives as part of its social responsibility efforts[152].