Tiamaes(SZ:300807)2023-04-17 16:00Financial Performance - The company reported a loss in 2022 due to a decline in bus passenger volume, revenue from bus enterprises, and government subsidies, indicating a challenging market environment [4]. - The company's operating revenue for 2022 was ¥329,398,836.73, representing a 41.52% increase compared to ¥232,757,525.16 in 2021 [24]. - The net profit attributable to shareholders was -¥8,510,548.77, an improvement of 77.16% from -¥37,267,462.21 in the previous year [24]. - The net cash flow from operating activities was ¥20,223,082.15, a significant increase of 122.01% compared to -¥91,883,720.87 in 2021 [24]. - The total assets at the end of 2022 were ¥777,319,402.21, a decrease of 1.95% from ¥792,793,499.72 at the end of 2021 [24]. - The company reported a basic earnings per share of -¥0.13, improving by 76.36% from -¥0.55 in 2021 [24]. - The overall gross margin for the reporting period was 40.09%, remaining stable compared to 2021 [80]. - The net loss attributable to shareholders was 8.51 million yuan, significantly reduced compared to the previous year, while the net loss excluding non-recurring items was 20.89 million yuan, a year-on-year improvement of about 58.05% [80]. Market Environment - The company faces risks including fluctuations in the bus industry, performance decline, intensified market competition, and accounts receivable recovery risks [5]. - The company faced a decline in public transport passenger volume by 27.3% in 2022, impacting overall revenue and operational pressure [36]. - The outlook for the smart public transport industry remains positive, driven by the integration of new technologies and the need for improved urban mobility solutions [38]. - The government has prioritized the development of public transport as a national strategy, emphasizing the need for smart and information-based public transport systems [44]. - The company is at risk of intensified market competition as the smart public transport sector grows, necessitating rapid scale expansion and enhanced financial strength [131]. Strategic Initiatives - Management has implemented strategies to optimize organizational structure and enhance product promotion efforts, leading to an improvement in operational conditions compared to 2021 [4]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [6]. - The company aims to enhance public transport service quality and competitiveness while reducing operational costs through digital transformation initiatives [54]. - The company plans to leverage its advantages in smart public transport to enhance existing products and services, focusing on micro-integration and comprehensive smart public transport solutions [120]. - The company will continue to invest in technological innovation, utilizing 5G, AI, big data, cloud computing, and autonomous driving to enhance product competitiveness [125]. Technological Development - The company is positioned in the smart public transport sector, leveraging technologies like GPS, 5G, and AI for operational efficiency [34]. - The company has developed a comprehensive traffic transportation big data service platform that integrates various transportation modes, enhancing regulatory capabilities and emergency coordination [51]. - The smart bus solutions include a data decision-making brain, intelligent scheduling system, and self-service cash register system, which streamline operations and improve efficiency [52]. - The company is developing a 5G-based intelligent terminal for public transport, aimed at enhancing vehicle networking and control capabilities [96]. - A blockchain-based urban traffic big data cloud platform is under testing, intended to optimize data resource management and improve decision-making processes [97]. Human Resources and Governance - The company emphasizes the importance of talent acquisition and retention to maintain its competitive edge in a knowledge-intensive industry [132]. - The company has established a complete and independent personnel management system, ensuring that all key management personnel receive their salaries from the company [149]. - The company has a diverse board of directors, including experts in various fields such as transportation engineering and finance, enhancing its strategic decision-making capabilities [171][172]. - The total number of employees at the end of the reporting period is 572, with 381 in the parent company and 191 in major subsidiaries [190]. - The company has implemented a training plan with a focus on internal training, supplemented by external training, to improve employee qualifications [192]. Sales and Revenue - In Q4 2022, the operating revenue reached ¥188,151,736.87, contributing to a total annual revenue increase [27]. - The smart scheduling system generated ¥191,820,521.01, accounting for 58.23% of total revenue, with a growth of 65.38% from ¥115,986,340.16 in 2021 [82]. - Direct sales accounted for 99.00% of total revenue, increasing by 41.89% from the previous year [83]. - The revenue from software products and others increased by 63.34% to ¥52,450,065.98, with a gross margin of 55.70% [84]. - The company has signed significant sales contracts, including a project with Fuzhou Public Transport Group worth ¥3,810 million, with a performance completion of ¥3,473.2 million [86]. Financial Management - The company has a structured remuneration decision-making process involving the shareholders' meeting for directors and supervisors, and the board of directors for senior management [179]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.41 million [180]. - The highest remuneration was received by the Chairman and General Manager, Guo Jianguo, totaling CNY 348,500 [180]. - The company has established a cash dividend policy that complies with regulatory requirements and ensures transparency in decision-making [194]. - The company did not distribute cash dividends for the fiscal year 2022 due to a loss and the need for funds for future business expansion [196].