奥飞数据(300738) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,204,950,794.90, representing a 43.35% increase compared to CNY 840,536,930.01 in 2020[19] - The net profit attributable to shareholders decreased by 7.67% to CNY 144,594,703.28 from CNY 156,598,764.76 in the previous year[19] - The net cash flow from operating activities increased significantly by 99.17% to CNY 385,452,111.52, up from CNY 193,525,151.88 in 2020[19] - The total assets of the company reached CNY 5,431,207,320.23, an increase of 84.70% from CNY 2,940,488,019.42 at the end of 2020[19] - The company's net assets attributable to shareholders increased by 19.88% to CNY 1,555,211,391.80 from CNY 1,297,308,378.11 in 2020[19] - The basic earnings per share decreased by 12.13% to CNY 0.3789 from CNY 0.4312 in the previous year[19] - The diluted earnings per share also fell by 12.89% to CNY 0.3756 compared to CNY 0.4312 in 2020[19] - The weighted average return on equity decreased to 10.42% from 18.80% in the previous year, reflecting an 8.38% decline[19] - The company reported a significant growth of 28.08% in net profit after deducting non-recurring gains and losses, reaching CNY 152,797,170.70 compared to CNY 119,294,361.87 in 2020[19] - EBITDA rose by 33.53% to 465.48 million CNY, with a non-recurring EBITDA increase of 52.17% to 473.69 million CNY[45] Revenue Sources - IDC services accounted for CNY 1,031,775,438.09, or 85.63% of total revenue, with a year-on-year growth of 37.45%[54] - Revenue from the self-built data centers in the North China region exceeded 600 million CNY, marking a growth of 76.83% compared to 2020, becoming a key driver of the company's performance[46] - The South China region generated CNY 278,364,796.14 in revenue, accounting for 23.10% of total revenue, with a growth rate of 36.37%[54] - The company's revenue from other internet comprehensive services was CNY 136,336,294.82, with a year-on-year growth of 51.72%[58] Investment and Expansion - The company has initiated the construction of multiple data centers, including projects in Guangzhou, Tianjin, and Yunnan, to meet future market demand[40] - The company completed the issuance of convertible bonds amounting to 635 million CNY in December 2021 to support its data center expansion plans[50] - The company has signed cooperation intention letters with Baidu for new data center projects, with estimated total revenue of approximately 1 billion CNY and 950 million CNY respectively[48] - The company is expanding its international business, connecting with mainstream operators in Southeast Asia, Europe, and America through its Hong Kong network[42] - The company is focused on improving investment efficiency and controlling construction progress to mitigate financial impacts from large-scale investments[117] Research and Development - The company has obtained 55 new software copyrights and 11 patents during the reporting period, strengthening its innovation capabilities[42] - The company continues to invest in R&D, adding 55 software copyrights and 11 patents in 2021, focusing on areas such as data center energy efficiency and industrial internet applications[50] - The company is developing an SD-WAN centralized strategy management platform aimed at reducing costs by at least 20% compared to traditional WAN solutions, with significant market potential expected in the next 2-5 years[71] - The company is investing heavily in R&D, with an allocation of 200 million RMB for the development of new technologies and products in 2022[137] Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, ensuring a diverse range of expertise in management, law, finance, and capital operations[122] - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal standards[123] - The company maintains a high level of information disclosure, ensuring the accuracy, completeness, and timeliness of information shared with shareholders and investors[123] - The company has no significant discrepancies between its governance practices and the regulations set forth by the China Securities Regulatory Commission[125] - The company actively engages in investor relations, providing timely responses to inquiries and maintaining effective communication with stakeholders[123] Social Responsibility - The company actively participated in social welfare activities, contributing to poverty alleviation and epidemic prevention efforts in various regions[184] - In January 2021, the company donated RMB 100,000 to support the epidemic prevention work at a local hospital in Hebei Province[185] - In May 2021, the company donated RMB 120,000 to rural primary and secondary schools in Guangdong Province to improve the learning environment[185] - From May to June 2021, the company provided over RMB 300,000 in donations and supplies for epidemic prevention efforts in Guangzhou, including medical and daily necessities[185] Market Challenges - The company has faced challenges in overseas business expansion due to geopolitical changes and the pandemic, affecting its international market growth[31] - The ongoing COVID-19 pandemic poses risks to investment progress and operational stability in the data center industry[115] - The company faces risks from intensified market competition, which could impact market share and overall gross margins[115] - The company is at risk of losing key management and technical talent if competitive incentives are not provided[116] Future Outlook - The company aims to achieve profitability in overseas markets by restructuring and optimizing resources, focusing on high-certainty new regions and clients[111] - The company plans to deliver 20,000 new cabinets by the end of 2022 across multiple data center projects, including Guangzhou Nansha, Langfang Gu'an, and Tianjin Wuqing[111] - The company targets a signing goal of 200MW to 300MW for distributed photovoltaic power generation, with a delivery goal of 100MW projects in 2022[113] - The company is committed to achieving carbon neutrality in its self-built data centers and providing zero-carbon data center services[112]