Primeton(SH:688118)2022-11-19 03:36Financial Performance - In 2021, the company achieved a revenue of CNY 436.43 million, representing a year-on-year growth of 20.99% [1] - The net profit attributable to shareholders was CNY 39.13 million, with a year-on-year increase of 24.74% [1] - After excluding share-based payment expenses, the net profit attributable to shareholders rose to CNY 42.55 million, up 35.65% year-on-year [1] - The net cash flow from operating activities was CNY 66.79 million, a significant increase of 262.08% compared to the previous year [1] Sales and Market Distribution - Direct sales accounted for 84.41% of total revenue in 2021 [2] - Revenue from the financial sector reached CNY 219 million, growing by 17.71% and constituting 50.19% of total revenue [2] - Revenue from telecommunications, energy, government, and manufacturing sectors also saw over 15% growth year-on-year [2] - The company’s products primarily include middleware and intelligent data platforms, which generated CNY 304 million in revenue, accounting for 69.63% of total revenue with a gross margin of 61.78% [2] Research and Development - R&D expenses for 2021 were CNY 75.20 million, reflecting a growth of 32.51% year-on-year [2] - The company focuses on full-stack middleware, intelligent data platforms, and digital applications, ensuring comprehensive coverage of mainstream business and technical middleware [2] Shareholder Returns - The proposed profit distribution plan for 2021 includes a cash dividend of CNY 5.00 per 10 shares, totaling CNY 45.91 million [3] - The company has executed two share repurchase plans, buying back a total of 3.58 million shares, indicating confidence in future business development [3] 2022 Business Outlook - The company plans to continue focusing on industry innovation and digital transformation, with a revenue of CNY 49.39 million in Q1 2022, a year-on-year increase of 26.47% [3] - However, the net profit for Q1 2022 was a loss of CNY 20.62 million, attributed to the impact of the COVID-19 pandemic and seasonal revenue characteristics [3] - The company aims to strengthen its marketing and technical teams while expanding its investment in industry innovation [3][4] Customer Base Expansion - In 2021, the company expanded its client base in the financial sector, acquiring major clients such as the China Export-Import Bank and Everbright Bank [5] - The company has also successfully entered various sectors including telecommunications, government, energy, and advanced manufacturing, serving numerous large enterprises and government institutions [5] Profitability Trends - The overall gross margin for 2021 was approximately 54.74%, with the software platform business achieving a gross margin of 61.78% and application development services at 38.62% [6] - Future trends indicate an upward trajectory in gross margin levels due to ongoing digital transformation and industry innovation [6]