CHASE(SZ:300941)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥395,155,274.67, a decrease of 6.00% compared to ¥420,365,425.19 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥110,515,534.96, an increase of 4.23% from ¥106,029,106.38 in 2021[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥101,428,023.37, up by 5.88% from ¥95,795,075.93 in 2021[24]. - The total assets at the end of 2022 amounted to ¥1,401,843,339.52, reflecting a growth of 7.50% from ¥1,304,099,906.76 at the end of 2021[24]. - The basic earnings per share for 2022 was ¥0.54, representing a 3.85% increase from ¥0.52 in 2021[24]. - The cash flow from operating activities for 2022 was ¥90,259,698.17, a decline of 11.87% compared to ¥102,411,066.37 in 2021[24]. - The company reported a weighted average return on equity of 9.08% for 2022, down from 10.26% in 2021[24]. - The company achieved operating revenue of 395.16 million yuan, a decrease of 6.00% compared to the previous year, while net profit attributable to shareholders increased by 4.23% to 110.52 million yuan[67]. - Total revenue for 2022 was ¥395,155,274.67, a decrease of 6.00% compared to ¥420,365,425.19 in 2021[96]. - Revenue from the financial industry was ¥383,073,181.01, accounting for 96.94% of total revenue, down 5.52% from ¥405,464,891.52 in 2021[96]. - Merchant services revenue increased by 33.41% to ¥58,784,624.60, while POS terminal and accessories revenue decreased by 39.03% to ¥83,080,712.94[96]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency[167]. Dividend Distribution - The company plans to distribute a cash dividend of 1.70 RMB per 10 shares (including tax) based on a total share capital of 204,489,600 shares[3]. - The total distributable profit for the year was 246,135,123.97 RMB, with the cash dividend accounting for 100% of the profit distribution[198]. - The cash dividend proposal is subject to approval at the company's annual general meeting[198]. Risks and Uncertainties - The company emphasizes that future operational plans and targets are subject to market conditions and uncertainties, and do not constitute profit forecasts or commitments to investors[3]. - The company has outlined potential risks in its future development outlook, which investors should be aware of[3]. Digital Transformation and Innovation - The company plans to enhance its digital infrastructure and aims to align with the national strategy for digital economy development by 2025[35]. - The digital payment landscape is evolving with new products and experiences, driven by advancements in technology such as IoT, big data, AI, and blockchain[37]. - The company is focusing on innovation-driven development, expanding into new industries and enhancing its marketing system to provide integrated services for banks and merchants[69]. - The company is committed to continuous development of new technologies and products to meet the evolving needs of merchants and users[112]. - The company aims to develop a comprehensive payment solution that integrates various devices and services, enhancing operational efficiency[113]. - The company is exploring digital currency applications in collaboration with local banks and other significant projects[153]. Market and Customer Insights - The company serves over 3,000 large merchants and millions of small and medium-sized merchants, indicating a broad customer base[47]. - The company faces a customer concentration risk, with 88.02% of its revenue derived from Agricultural Bank of China, highlighting its reliance on the banking sector[148]. - The company has established a strong partnership with Agricultural Bank of China for over 20 years, but high customer concentration poses risks to revenue stability[149]. - Non-Agricultural Bank market revenue exceeded 30 million yuan, accounting for nearly 12% of total revenue during the reporting period[150]. Research and Development - Research and development expenses increased by 16.67% year-on-year, with 27 new software copyrights, 1 invention patent, and 4 trademark registrations added during the reporting period[66]. - The company's R&D investment amounted to ¥51,322,387.85 in 2022, representing 12.99% of its operating revenue, an increase from 10.46% in 2021[116]. - The number of R&D personnel increased by 12.88% from 132 in 2021 to 149 in 2022, with the proportion of R&D staff rising to 50.34%[115]. Governance and Compliance - The company has established a comprehensive governance structure, including various committees to ensure effective management and compliance[160]. - The company maintained a strong commitment to transparency and accountability in its governance practices[184]. - The board of directors held five meetings during the reporting period, with all members actively participating[180]. Employee Management - The total number of employees at the end of the reporting period was 296, with 162 in the parent company and 134 in major subsidiaries[191]. - The total employee compensation during the reporting period was RMB 8.9533 million, accounting for 4.10% of the total costs[193]. - The company has established a multi-level training system to enhance employee skills and management capabilities[194]. Strategic Initiatives - The company plans to enhance its R&D capabilities and increase investment in new industry payment solutions, focusing on vertical depth and horizontal breadth in industry applications[140]. - The company aims to provide comprehensive marketing services through a strategic new layout, enhancing its reach to merchants and increasing customer stickiness[147].