On March 20, Beijing E-Hualu Information Technology Co.Ltd(300212) released the annual performance express of 2021. In 2021, the company realized an operating revenue of 2.013 billion yuan, a year-on-year decrease of 22.46%; The net profit attributable to the parent company was – 174 million yuan, with a profit of 547 million yuan in the same period of last year.
The company said that during the reporting period, the decline of the company’s income was mainly due to the fact that the company’s non-public offering financing in 2020 did not meet the expectations and the promotion of convertible bonds was suspended in 2021. The company slowed down the investment speed of the data Lake project and the construction income of the data Lake decreased. On the one hand, due to the adjustment of accounting treatment policies, the company’s profits from unrealized internal transactions with the data Lake project company were fully offset in the current period, resulting in a significant reduction in the company’s profits; On the other hand, in 2021, the company fully focused on the development of asset light data operation business and increased relevant investment in over Storage Cloud business, data operation and “data bank”. The company’s R & D investment and sales expenses increased by about 30% compared with 2020.
