On the evening of March 29, China Transinfo Technology Co.Ltd(002373) ( China Transinfo Technology Co.Ltd(002373) . SZ) disclosed the annual report of 2021. The annual report shows that the company achieved a total operating revenue of 10.281 billion yuan, a year-on-year increase of 9.15%; The net profit attributable to shareholders of listed companies was 724 million yuan, a year-on-year decrease of 33.01%.
This is the first time that China Transinfo Technology Co.Ltd(002373) has increased its income without increasing its profit since its backdoor listing in 2014. “It is mainly due to the fact that the changes in the fair value of Hangzhou Hopechart Iot Technology Co.Ltd(688288) held by the company due to market fluctuations have decreased significantly compared with the same period in 2020, and the expenses have increased due to the expansion of sales channels and the increase of R & D investment”.
Hangzhou Hopechart Iot Technology Co.Ltd(688288) ( Hangzhou Hopechart Iot Technology Co.Ltd(688288) , SH) is a joint-stock company of China Transinfo Technology Co.Ltd(002373) and landed on the science and innovation board in October 2019. Data show that Hangzhou Hopechart Iot Technology Co.Ltd(688288) has two waves of obvious rise and fall in 2021.
The fluctuation of Hangzhou Hopechart Iot Technology Co.Ltd(688288) ‘s share price is also expected to have an impact on the performance of China Transinfo Technology Co.Ltd(002373) in the first quarter of this year – the company’s share price has shown a downward trend since December 2021, with a closing price of 23.76 yuan / share on March 29, the lowest since its listing China Transinfo Technology Co.Ltd(002373) march 29 disclosed the performance forecast for the first quarter. Affected by market fluctuations, the decline in the fair value of Hangzhou Hopechart Iot Technology Co.Ltd(688288) held by it had an impact on the net profit of about 190 million yuan to 220 million yuan. The project belongs to non recurring profit and loss.
In terms of business, the revenue of China Transinfo Technology Co.Ltd(002373) intelligent transportation business (excluding the contribution of video products of subsidiaries) was 4.231 billion yuan, basically the same year-on-year. Etc products and the demolition of provincial toll stations have a great impact on the income of this business part. After being excluded, the business income of this part increased by 19.52% year-on-year. In addition, the business income of intelligent IOT was 6.074 billion yuan, a year-on-year increase of 15.11%; The business income of artificial intelligence was 87 million yuan, a year-on-year increase of 43.22%.
China Transinfo Technology Co.Ltd(002373) in recent years, it has stepped up the layout of industrial fields such as intelligent Internet of things (aiot). At the same time, it is also facing the impact of the shortage of raw materials and “lack of core” in the industry. It has used a lot of cash to prepare a lot of materials in 2021. The annual report shows that the net cash flow from operating activities in China Transinfo Technology Co.Ltd(002373) 2021 decreased by 81.59% compared with the same period of last year.
In addition, in 2021, the China Transinfo Technology Co.Ltd(002373) R & D expenditure was 913 million yuan, with a year-on-year increase of 22.8%. At present, of the 16 projects China Transinfo Technology Co.Ltd(002373) invested in R & D, 5 are still under research and the rest have been delivered.
It is worth noting that the “urban comprehensive transportation information service and operation project” with a cumulative investment of 600 million yuan failed to reach the planned progress in the reporting period, and the investment progress by the end of the period was 91.59% China Transinfo Technology Co.Ltd(002373) said that with the profound changes of mobile Internet and other technologies in the field of travel, the project investment progress slowed down. In order to ensure the use efficiency of raised funds, the company took a cautious attitude towards projects with low expected income level and no longer implemented some urban comprehensive transportation information service and operation projects. Therefore, the project implementation progress did not meet the expectation.
