锋尚文化(300860) - 2022 Q4 - 年度财报

Financial Performance - The company reported a decrease in new orders due to objective factors, impacting revenue for 2022[3]. - The company's operating revenue for 2022 was ¥320,051,784.73, a decrease of 31.43% compared to ¥466,742,052.51 in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥14,714,520.81, down 84.03% from ¥92,164,180.42 in 2021[16]. - The net profit after deducting non-recurring gains and losses was -¥70,813,307.97 in 2022, a decline of 400.05% compared to ¥23,600,878.64 in 2021[16]. - The total number of new orders signed in 2022 decreased compared to previous years, reflecting market challenges[3]. - The company recorded a total of ¥85,527,828.78 in non-recurring gains and losses for 2022, compared to ¥68,563,301.78 in 2021[23]. - The company is facing uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[16]. - The company reported a consolidated revenue of 320.05 million yuan in 2022, a decrease of 31.43% compared to the previous year[50]. - The consolidated net profit for the year was 82.87 million yuan, down 90.99% year-on-year[50]. - The company has a total order backlog of 960 million yuan as of December 31, 2022, providing a solid performance reserve for 2023[51]. Risk Management - The financial report emphasizes the importance of risk awareness regarding future plans and potential challenges[3]. - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[3]. - The company is focused on maintaining transparency and has detailed its risk factors in the annual report[3]. - The company faces risks related to the execution of national major projects, which are crucial for revenue generation and require high levels of creativity and security[120]. - The cultural creative industry is experiencing intensified competition, particularly in the mid-to-low-end market, which may affect the company's market share if it fails to enhance its creative design capabilities[120]. Strategic Initiatives - The company is actively pursuing commercial performance projects, shifting from a passive to an aggressive approach in the market[38]. - The company aims to develop immersive tourism experiences and new business models through the application of VR/AR technologies[32]. - The company is expanding its cultural tourism business from project execution to commercial operation, enhancing its market presence[57]. - The company aims to enhance its influence in the cultural industry through resource integration and a new strategic layout[49]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 500 million yuan allocated for this purpose[194]. Research and Development - The company reported a research and development (R&D) investment of ¥37,391,632.86 in 2022, which represents 11.68% of its operating revenue, a significant increase from 6.33% in 2021[87]. - The company has achieved 3 utility model patents related to stage design technology, enhancing its technical capabilities in stage performance[84]. - The company is focusing on innovative design projects to stimulate creativity among designers and artists[84]. - The company is developing a multi-form fusion display system, which has been applied for patent and is expected to improve project design quality[84]. - The company is focusing on developing interactive gaming software that combines entertainment and sports, promoting physical activity among youth[86]. Corporate Governance - The company has implemented a robust governance structure, including a board of directors and various committees, to ensure compliance and sustainable development[126]. - The board of directors held a total of 11 meetings during the reporting period, with all members attending in person or via communication methods[158]. - The company has a performance-based remuneration system linked to annual operational effectiveness[152]. - The company has established effective internal controls to ensure compliance and asset security, enhancing operational efficiency[185]. - The company has not reported any significant internal control deficiencies during the reporting period[186]. Shareholder Engagement and Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 0 RMB per 10 shares, with no bonus shares issued[3]. - The company commits to a cash dividend distribution of no less than 10% of the distributable profit each year, provided it is profitable and meets regulatory requirements[195]. - The company will conduct annual profit distributions, with the possibility of interim distributions under certain conditions[195]. - The company emphasizes the importance of maintaining a stable and continuous profit distribution policy to ensure sustainable development[195]. - The company will provide opportunities for small investors to participate in shareholder meetings through online voting systems[196]. Market Trends and Economic Conditions - In 2022, domestic tourism in China reached 3.25 billion trips, generating revenue of 2.04 trillion yuan, a decrease of 22.1% compared to the previous year[29]. - The performance of the live performance market in 2022 showed a total economic scale of 24.36 billion yuan, down 31.33% year-on-year, with ticket revenue dropping by 47.41% to 3.22 billion yuan[33]. - The overall trend in the tourism and cultural sectors is moving towards a deeper integration of culture and tourism, creating new consumption patterns[34]. - The cultural and creative design service industry saw a slight decline in value added from 195.65 billion yuan in 2021 to 194.86 billion yuan in 2022, a decrease of 0.2%[30]. - The company is focused on building a high-level, professional design team and enhancing its talent structure to ensure innovation and creativity[118].