TRS(300229)2023-04-14 16:00Financial Performance - Total revenue for 2022 was ¥907,268,344.10, a decrease of 11.81% compared to ¥1,028,712,010.67 in 2021[30]. - Revenue from the financial, manufacturing, and energy sectors was ¥347,055,916.45, accounting for 38.25% of total revenue, showing a slight increase of 0.88% year-on-year[30]. - Public safety revenue decreased by 31.84% to ¥257,052,348.04, down from ¥377,134,168.07 in 2021, representing 28.33% of total revenue[30]. - Internet and media revenue increased by 33.60% to ¥106,526,059.77, up from ¥79,733,263.30, making up 11.74% of total revenue[30]. - Revenue from big data software products and services was ¥379,380,604.07, a decline of 26.44% from ¥515,741,878.38, representing 41.82% of total revenue[30]. - Artificial intelligence software products and services revenue increased by 17.41% to ¥212,036,932.78, compared to ¥180,599,909.42, accounting for 23.37% of total revenue[30]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the fiscal year, representing a 20% year-over-year growth[183]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[183]. Cost and Expenses - The cost of purchased raw materials increased to ¥46,132,261.84, representing a 14.01% increase compared to ¥36,118,992.44 in the previous year, which was a 9.27% increase[1]. - Labor costs decreased by 6.00% to ¥37,981,429.89 from ¥40,405,218.61, which was a 10.37% increase year-over-year[1]. - Sales expenses rose by 18.81% to ¥140,569,955.96 from ¥118,315,593.66[4]. - R&D expenses increased by 29.97% to ¥127,418,772.18 from ¥98,036,311.54[4]. - The company reported a decrease in operating costs for outsourced technical services by 9.59% year-over-year, now representing 45.36% of total operating costs[52]. - The gross margin for system integration and other services was 32.61%, with a year-over-year decrease of 10.72%[50]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs through process optimization[183]. Research and Development - The company is currently developing multiple AI platforms, including the TRS Intelligent Semantic Technology Platform V9.0, with a capitalized R&D amount of ¥13,134,044.30[7]. - The TRS Intelligent Risk Control Big Data Platform V7.0 has a capitalized R&D amount of ¥25,999,751.62 and is designed to monitor over 70 million registered enterprises in real-time[7]. - The new generation of the Public Safety Integrated Platform has a capitalized R&D amount of ¥32,766,716.93 and focuses on secure data transmission across different security domains[7]. - The company has developed over 30 general and industry-specific knowledge bases, with more than 31,000 tagging rules and 400+ deep learning algorithm models[11][14]. - The company has made significant improvements in its boundary security product line, enhancing performance metrics and supporting new data exchange standards[36]. - The company is focused on expanding its product line to support digital transformation applications, which will enhance market penetration and create new revenue streams[63]. - The company's R&D investment reached ¥255,440,570.22 in 2022, accounting for 28.15% of total revenue, an increase from 20.30% in 2021[67]. Market and Revenue Sources - Media business revenue reached 106 million, a year-on-year increase of 33.60%[16]. - SaaS service revenue amounted to 347 million, with a year-on-year growth of 0.88%[16]. - Government sector revenue declined by 13.69%, while public safety sector revenue decreased by 31.84%[16]. - Cloud and data services revenue reached 384 million, a year-on-year increase of 1.4%, accounting for 42.36% of total revenue[18]. - Financial sector cloud and data revenue surged to 35.5 million, a remarkable year-on-year growth of 387.36%[18]. - The company is actively expanding its market presence and exploring new strategies in various sectors, including digital economy and intelligent services[145]. Strategic Initiatives and Partnerships - The company established a Digital Economy Research Institute to explore new growth areas in digital economy[19]. - Nine new cloud services were launched, including gene patent retrieval and policy brain services[21]. - The company signed strategic cooperation agreements with Tencent Cloud and other entities to drive business innovation[26]. - The company established a new subsidiary, Nanjing Tuolsi Intelligent System Co., Ltd., with a 51% ownership stake, expanding its business scope[55]. - The company has established partnerships with three new technology firms to bolster its service offerings and drive innovation[198]. Management and Governance - The company has experienced changes in its management team, with several appointments and resignations occurring in 2022[180]. - The company reported a total of 824,800 shares held by directors and senior management at the beginning of the period, with a reduction of 9,200 shares during the period, resulting in 815,600 shares at the end[175]. - Zhang Ying resigned as an independent director on January 24, 2022, due to personal reasons, with her term originally set from December 28, 2020, to December 27, 2023[178]. - He Dongjiong resigned from the positions of board secretary and financial director on March 28, 2022, due to work requirements, but continues to hold another position within the company[178]. - The company appointed Cui Zhemin as the financial director on January 24, 2022, following the resignation of He Dongjiong[179]. Future Outlook and Challenges - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[183]. - The management team emphasized the importance of innovation and adaptability in navigating market challenges and seizing new opportunities[183]. - The company faces risks related to the maturity of AI and big data applications, which require ongoing investment in R&D[136]. - Seasonal fluctuations in revenue and profit are expected, with lower earnings in the first half of the year due to concentrated procurement by major clients[138]. - The company is addressing human resource risks by offering competitive compensation and fostering a collaborative work environment to attract and retain talent[139].