Due to the high R & D investment in many businesses and the impact of objective factors such as international turmoil and epidemic situation, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) ( Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) . SZ) saw a slight increase in revenue and a year-on-year decline in net profit of nearly 70% in 2021 Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) chairman Chen you said at the company’s performance meeting on the afternoon of April 7, “the changes in the external market environment and the intermittent covid-19 epidemic in recent years have indeed brought great uncertainty and difficulties to the company’s business development, and the company’s cost remains high. The company will make great efforts to increase revenue and reduce expenditure this year to reverse the decline of the company’s performance in recent years.”
According to the financial data, the company achieved a revenue of 5.614 billion yuan in 2021, a year-on-year increase of 6.85%; The net profit attributable to the parent company was 40.096 million yuan, a year-on-year decrease of 69.65%; Non net profit attributable to parent deduction also decreased by 58.79% year-on-year. Quarter by quarter, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) 2021 Q4 single quarter net profit was -345348 million yuan, which was the only quarter with a loss last year, with a year-on-year decrease of 227.54%.
It is noteworthy that the network product sales business is the main contribution to its performance. In 2021, this part of the revenue accounted for 69.03% of the company’s total revenue, while the gross profit margin was only 7.44%. In this business, Jinhua Wei, a holding subsidiary, mainly provides ICT products and value-added services to Huawei, and has developed into one of the general distributors of Huawei’s government and enterprise business. Previously, some investors pointed out that “Jinhua Wei hinders the growth of the company”.
Chen you said that the company has no monopoly and high profit products. The main reasons for its poor performance last year are: first, Alibaba cloud’s related business revenue fell a lot and suffered serious losses; Second, the overseas operators cooperating with Huawei suffer more losses; Third, affected by the epidemic, the growth of government enterprises and military industry business sectors is not satisfactory; Fourth, there was a loss of investment in the early years.
The annual report also shows that in the field of digital government, the R & D cost of products such as urban base and urban brain continues to be high, and the stock customers generally have insufficient investment or project delay, and the income is lower than expected; In the field of financial service outsourcing, the profit growth rate in 2020 was too high. After the growth rate fell in 2021, the net profit decreased significantly compared with the same period last year. The net profit of DICO digital, a holding subsidiary, was 30.94 million yuan, a year-on-year decrease of 56%. It is reported that Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) main business involves the BOS field of communication industry, software development and service of financial industry, digitization of government industry, smart procurement of central state-owned enterprises, distribution and service of network products, etc.
The financial Associated Press reporter noted that stock price and performance have become high-frequency words at the performance meeting. Chen you said that I dare not say how much the share price can reach, and I can’t control it. When investors asked about the company’s profit target in 2022, Wang Dongsheng, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) deputy general manager, said, “how about the specific profit target? I don’t dare to talk nonsense.” Although it involves many concepts such as digital currency and Huawei, as of the 7th, its closing price had fallen 40.69% from the high of 13.64 yuan / share in January this year.
