The economic information daily learned that the net profit of Yunnan Nantian Electronics Information Co.Ltd(000948) ( Yunnan Nantian Electronics Information Co.Ltd(000948) . SZ) declined in 2021, dragged down by factors such as the increase of operating costs and period expenses. The company announced on April 17 that in 2021, the company achieved an operating revenue of 5.593 billion yuan, an increase of 31.92% year-on-year; The net profit attributable to the shareholders of the listed company was 86.93 million yuan, a year-on-year decrease of 8.49%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 830162 million yuan, a year-on-year decrease of 5.83%. The company plans to pay a cash dividend of 0.5 yuan (including tax) for every 10 shares.
Yunnan Nantian Electronics Information Co.Ltd(000948) is a leading digital integrated solution and service provider in China’s financial industry. The company takes financial technology as the core competitiveness, takes “financial technology” and “digital service” as the main business line, and provides customers with “one-stop” digital services throughout the whole life cycle of it construction in many fields such as financial technology, digital government, intelligent transportation, intelligent party construction and so on. At present, the company’s customers focus on the financial industry, mainly the banking industry.
In 2021, benefiting from the innovative development of national information technology application, the financial industry accelerated digital transformation, cloud transformation, strengthened data application and increased investment in science and technology, as well as the development opportunity of digital economy, Yunnan Nantian Electronics Information Co.Ltd(000948) taking “financial technology” and “digital service” as the main line of business, deeply tap the potential of financial technology and industry integration, and realize science and technology empowerment through the deep integration of technology and scene, business and technology, Fully provide customers with “one-stop” digital services throughout the whole life cycle of it construction, enabling customers to transform and upgrade.
During the reporting period, the company achieved an operating revenue of 5.593 billion yuan, a year-on-year increase of 31.92%. In terms of products, in addition to intelligent channel solutions, other products have achieved growth, and integrated solutions are the main source of the company’s operating revenue.
Specifically, in 2021, the integrated solutions achieved an operating revenue of 2.35 billion yuan, with a year-on-year increase of 6.13%, accounting for 42.01% of the operating revenue in 2021 and a gross profit margin of 5.34%; Software development and services realized an operating revenue of 1.702 billion yuan, a year-on-year increase of 4.86% and a gross profit margin of 40%; The sales of IT products and industrial Internet realized an operating revenue of 1.246 billion yuan, a year-on-year increase of 1522070% and a gross profit margin of 5.08%; The intelligent channel solution achieved an operating revenue of 264 million yuan, a year-on-year decrease of 24.83% and a gross profit margin of 10.63%.
The operating cost of the company in 2021 was 4.681 billion yuan, with a year-on-year increase of 36.51%, higher than the growth rate of 31.92% of operating revenue, resulting in a decrease in gross profit margin of 2.81 percentage points to 16.30%, a new low since 2012.
Figure: Yunnan Nantian Electronics Information Co.Ltd(000948) sales gross profit margin
During the reporting period, the expenses for the Yunnan Nantian Electronics Information Co.Ltd(000948) period totaled 753 million yuan, with a year-on-year increase of 15.36%. Among them, the R & D cost was 347 million yuan, a year-on-year increase of 12.26%. The net profit margin of the company’s sales during the period was 2.14%, a year-on-year decrease of 1.01 percentage points.
Due to the development of new business and expansion of business scale during the reporting period, the company’s newly signed contracts and orders on hand increased, and the purchase and preparation increased, resulting in a large outflow of operating cash. The net operating cash flow decreased by 161% year-on-year to -153 million yuan.
As of December 31, 2021, the book balance of accounts receivable of Yunnan Nantian Electronics Information Co.Ltd(000948) company was 1.189 billion yuan, the balance of bad debt provision was 107 million yuan, and the book value was 1.082 billion yuan, with a year-on-year increase of 55.56%.
The reporter of economic information daily noted that the company’s prepayment at the end of the year increased by 483 million yuan to 536 million yuan, an increase of 911.86%, mainly due to the company’s business growth this year, new Agricultural Bank Of China Limited(601288) orders, sales of IT products and prepayment of suppliers for industrial Internet business. The company’s notes payable at the end of the year increased by 1.140 billion yuan to 1.505 billion yuan, an increase of 311.81%, and the inventory increased by 939 million yuan to 2.428 billion yuan, an increase of 63.08%.
The annual report said that in the future, the company will take “financial technology” and “digital services” as the main business line, continue to carry out technology incubation and application incubation around emerging technologies, give full play to Yunnan Nantian Electronics Information Co.Ltd(000948) application scenario design ability and application integration ability, and provide customers with overall digital solutions and “one-stop” technical services. The main directions are as follows: first, take cloud computing and cloud service capabilities as the carrier to promote the digital transformation of enterprises, grasp the opportunities of the era of “digital economy”, and provide platform based, medium-sized, high-value and business agile IT services. Second, based on the financial technology strategy, focus on the new technologies and new modes of digital transformation and cross-border competition and cooperation of the pan financial industry, accelerate the aggregation of emerging technologies such as cloud computing, big data, artificial intelligence and blockchain with the pan financial scene, and guide its products to sink and restructure to small and medium-sized commercial banks. Third, integrate emerging technologies to form solutions and products in the new generation of digital channels, machine vision applications, intelligent operation and maintenance, intelligent marketing, intelligent risk control and situational awareness, blockchain and value Internet applications. Focus on the fields of independent and controllable technology system / ecology, cloud computing data center construction, distributed cloud platform / cloud core construction, electronic channel application platform, blockchain technology and application, digital RMB application, dual carbon informatization and so on. On the premise of conforming to the company’s development strategy, carry out the research on digital audio-visual technology and layout the meta universe application research in the direction of digital audio-visual. The company will promote business transformation with innovative technology, so that the company will occupy an active position in the development wave of national information and innovation strategy, financial technology output, industrial Internet and industrial Internet.
