Dark Horse Technology Group Co.Ltd(300688)
Financial statement report of 2021
1、 Audit of the company in 2021
Dark Horse Technology Group Co.Ltd(300688) (hereinafter referred to as "the company") has audited the 2021 financial statement and its notes by Tianzhi International Certified Public Accountants (special general partnership) and issued a standard unqualified audit report numbered "Tian Zhi Ye Zi [2022] No. 9763".
Tianzhi International Certified Public Accountants (special general partnership) audited Dark Horse Technology Group Co.Ltd(300688) (with
Hereinafter referred to as " Dark Horse Technology Group Co.Ltd(300688) ") financial statements, including the consolidated and parent company's balance sheet as of December 31, 2021
The consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in owner's equity and notes to the financial statements for the year are considered that the financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects, It fairly reflects the financial position of the consolidated and parent company of Dark Horse Technology Group Co.Ltd(300688) 2021 as of December 31, 2021, and the operating results and cash flow of the consolidated and parent company in 2021. 2、 Main accounting data and financial indicators
20212020 year-on-year increase or decrease 2019
Operating income (yuan) 339872471341635 Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) 4 107.87% 21276068653
Net profit attributable to shareholders of the listed company (yuan) 1142545591732862309 55.90% 1634156292
Non recurring deduction attributable to shareholders of listed companies
6812035281438887582 - 52.66% net profit of 1611136690 profit and loss (yuan)
Net cash flow from operating activities (yuan) 41139647822950867879 39.42% 3448572995
Basic earnings per share (yuan / share) 0.11 0.08 37.50% 0.17
Diluted earnings per share (yuan / share) 0.11 0.08 37.50% 0.17
Weighted average return on net assets: 2.77%, 1.96%, 0.81%, 4.28%
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets (yuan): 7659046184048116479730 59.18% 46625389274
Net assets attributable to shareholders of the listed company (yuan) 5945570112337524148802 58.45% 37622304816 III. operation, discussion and analysis
The company is committed to providing services for the accelerated growth of small and medium-sized enterprises in China. Through years of accumulation, the company has rich experience in Entrepreneurship and innovation services. The company has realized the extension from enterprise accelerated service to enterprise service, and created a diversified enterprise service platform. The company's enterprise service business takes the dark horse acceleration system as the core. With the whole life cycle of small and medium-sized enterprises, focusing on the core development elements of "cognition, resources and capital" required for the growth of small and medium-sized enterprises, the company provides a series of comprehensive enterprise services integrating enterprise acceleration services, intellectual property services, marketing services, fiscal and tax services, investment and financing services and so on.
During the reporting period, with the upgrading of the company's business strategy, the company vigorously promoted the SaaS (software as a service) construction of enterprise service business, took "product + service" as the construction and application orientation, achieved phased results of enterprise service and SaaS, and built a new lineup of enterprise service business.
(I) core products and services
During the reporting period, the company achieved phased results in strategic upgrading. The company's business is advancing towards the construction goal of "enterprise service and SaaS service", and has achieved great results. The company has created a diversified enterprise service platform (hereinafter referred to as "enterprise service platform"), which has initially achieved the goal of enterprise service of business, and the customer group extends from the founders of small and medium-sized enterprises to small and medium-sized enterprises.
The company has increased the cultivation of new businesses and formed an enterprise service product system composed of enterprise acceleration services, urban expansion services, fiscal and tax services, intellectual property services, specialized special and new comprehensive services, marketing services, investment and financing consulting services, etc. The founder's strategic management consulting service is for enterprises. Its core products include "dark horse Growth Camp", "dark horse laboratory" and "City College", which help small and medium-sized enterprises and entrepreneurs grow in terms of organization and management, business model, product marketing and capital strategy.
Urban expansion services: the company gathers a large number of resources such as industrial policies and government orders of local governments through signing contracts with local governments. Relying on the 100 city plan, the company has deeply cultivated core areas such as Shandong, Jiangsu, Fujian, Sichuan, Chongqing and Shanghai, and formed close cooperation with more than 30 cities. The urban service network has covered major economic regions in China. Focusing on the urban expansion needs of "high growth enterprises" and "Unicorn enterprises", the company has formed the coverage and penetration of users of small and medium-sized enterprises in second and third tier cities and regions.
Intellectual property services: comply with the digital development wave of enterprises and provide enterprises with intellectual property services in the whole life cycle. The business can query enterprise industrial and commercial, trademark, patent, copyright and policy data online through AI big data, and provide functional services such as IP intelligent monitoring, IP intelligent hosting, IP housekeeper, IP industry monitoring and intelligent risk detection. The specific service modes include SaaS mode service and offline service. With SaaS product Kechuang cloud as the entrance, combined with the vertical to ground service network covering basically the whole country, it provides enterprises with high-quality enterprise solutions integrating the application and management of enterprise intellectual property rights with online products and offline services.
Specialized, special and new comprehensive services: the company complies with the national special policy for economic development - focusing on the development of specialized, special and new small and medium-sized enterprises, combined with the positioning of Beijing stock exchange (hereinafter referred to as "Beijing stock exchange"). For the small and medium-sized enterprises that apply for listing on the Beijing stock exchange and have the potential to apply, the special enterprise service products are launched from the starting point of government investment promotion and project evaluation, high-tech and specialized special new identification, and investment institutions' preferred projects.
The company's services cover 206 National Specialized and new "little giants", more than 1000 provincial specialized and new enterprises, more than 2000 municipal specialized and new enterprises and more than 100 new third board enterprises.
Fiscal and tax services: one of the business services for the company. Through the resources of local fiscal and tax experts gathered on the platform, it provides enterprises with services such as tax compliance, fiscal and tax risk control, and consulting on difficult fiscal and tax problems. By building a "compliance tax service ecosystem", the company improves the cognition of "fiscal and tax health" in enterprise operation, and escorts the healthy and compliant development of enterprises.
Marketing services: the company provides marketing services for small and medium-sized enterprises by virtue of its vertical field and offline activity resources.
Investment and financing consulting: the company provides more extensive and targeted investment and financing consulting services for small and medium-sized enterprises in the form of self construction and cooperation, together with professional investment institutions in the market. The company plans to build the dark horse investment and financing service into an industry-leading capital service institution.
(II) business model
The company has China's leading enterprise service platform operation mode, linking and gathering many excellent service institutions, local governments and other industrial resources. Enterprises and various resource parties can reap multiple benefits and values from the company's platform, such as investment institutions acquiring projects, service institutions expanding business, local governments upgrading industries, etc. The company has a mature standardized resource development management system. With the expansion of resources and the continuous accumulation of users, the operation efficiency is further improved.
The company's services and resources are concentrated, focusing on self operation and cooperation mode, combined with the construction achievements of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integrated services of "product + service", and its business expands rapidly.
1. Online service -- SaaS platform construction
The company's diversified enterprise service platform, based on the construction direction of "product + service", comprehensively promotes the construction of SaaS service, opens up the link between big data and business ecological resources, and deeply integrates big data with ecological resources and corporate services such as corporate acceleration services, intellectual property services, specialized and new comprehensive services, fiscal and tax services, investment and financing resources. During the reporting period, the company has built China's leading SaaS cloud platform specialized in special and new intellectual property rights, and launched intellectual property service products "Kechuang cloud", enterprise acceleration products "acceleration cloud", and urban industrial accelerator service products "industrial brain" under cultivation to build on-line new services.
2. Offline service
The company is good at offline service capability, especially offline vertical customer acquisition. Combined with SaaS online service products, the company effectively improves customer stickiness and increases the customer order value of online products and services.
During the reporting period, according to the characteristics of industrial clusters in Chinese cities, the company built distinctive local industrial incubation systems, promoted and realized the agglomeration of high-quality resources, expanded the vertical service network in the second and third tier cities, and had more than 60 subordinate subsidiaries and offices in cities, which gathered to cover the economically active areas of the country, including policies, industries The value map of resources and other contents helps local enterprises to transform, upgrade and accelerate their growth.
(III) overview of operating results
In the current period, the company realized an operating revenue of 3398725 million yuan, an increase of 107.87% over the same period of last year, and a net profit attributable to shareholders of listed companies of 114255 million yuan, an increase of 55.90% over the same period of last year.
During the reporting period, according to the operating income realized by products, the company vigorously expanded its enterprise service business. On the basis of existing marketing services and urban expansion services, SaaS mode services, fiscal and tax services and intellectual property services were added in this period, further expanding the field and content of enterprise services, Fully implement Dark Horse Technology Group Co.Ltd(300688) group's strategic policy of "business enterprise service and Enterprise Service SaaS". During the reporting period, the business service income of the company was 181548000 yuan, an increase of 259.34% over the same period of last year.
During the reporting period, the overall gross profit margin of the company was 46.69%, a decrease of 13.63% over the same period of last year. The main reason is that the newly expanded enterprise service sectors such as intellectual property services and fiscal and tax services in this period are platform-based operation mode, and their operating revenue and operating cost in this period increased significantly. The operating revenue of enterprise services increased by 259% and the cost of enterprise services increased by 382% compared with the previous period, So as to lower the overall gross profit margin of the company.
The company's sales expense in 2021 was 84.28 million yuan, an increase of 170% over the same period of last year, mainly due to the company's increase in the scale of enterprise service investment in this period, the significant increase in the number of sales personnel over the previous year, the increase in contract performance and the increase in sales commission; The company's management expenses in the current period were 80.38 million yuan, an increase of 80% over the same period of last year, mainly due to the high increase in labor costs caused by the company's expansion of enterprise service business and the introduction of multiple managers. At the same time, the company carried out equity incentive plan during the reporting period, resulting in an increase in management expenses; The R & D cost was 11.63 million yuan, an increase of 47% over the same period last year, mainly due to the company's increased investment in the construction of SaaS platform. In this period, the company set up new software platform R & D projects such as "dark horse Kechuang cloud", "accelerated cloud platform" and "knowledge cloud platform", resulting in a significant increase in the expense.
During the reporting period, the company achieved a net profit attributable to shareholders of listed companies of 11.42 million yuan, an increase of 55.90% over the same period of last year. 2021 is an important investment year for Dark Horse Technology Group Co.Ltd(300688) layout of enterprise services. On the basis of incubating intellectual property services, fiscal and tax services and increasing investment, the company still achieved a net profit attributable to shareholders of listed companies of 55.90%. During the reporting period, the company achieved a net profit of - 11.05 million yuan, a net profit attributable to shareholders of listed companies of 11.42 million yuan and a profit and loss of - 22.47 million yuan for minority shareholders, mainly due to the company's cultivation of intellectual property service business in the current period, which is in the first year of operation, and the holding subsidiary Beijing dark horse Enterprise Service Technology Co., Ltd. lost 44.8 million yuan in 2021, The company has control and holds 40% of the shares. The intellectual property business is in the business investment stage. The contract revenue in 2021 is about 90 million yuan. Due to the delay of delivery time, the operating revenue in 2021 is only 37 million yuan, and the operating revenue of orders in hand can be about 53 million yuan in 2022.
(IV) performance drivers
During the reporting period, the business segment of the company was divided into enterprise acceleration service and enterprise service according to the ownership of customer groups. Of which:
1. Enterprise acceleration service
The company has accelerated the development of enterprise services, with a rapid growth rate. As of the end of the reporting period, the company has 8662 accelerated service customers, an increase of 31% over the same period of last year; Among them, the contract orders at the end of the period were 675618 million yuan, an increase of 166174 million yuan over the same period of last year. While the number of service customers increased significantly, the operating revenue in the current period increased by 43.90% compared with the same period of last year, and the gross profit margin was basically the same as that of the same period of last year, which is one of the core driving forces of profit contribution.
2. Enterprise services
In this period, the company's enterprise service business content has realized diversified expansion. Based on the original urban expansion and marketing services, the company has cultivated and formed SaaS service mode
