Jiwei Network News (Wen/Jiang Cui) On April 20, ST Tongzhou released its 2021 annual report, saying that in 2021, the company achieved a total operating income of 139 million yuan, a year-on-year decrease of 51.73%; the net loss attributable to the shareholders of the listed company was 186 million yuan, an increase of 20.97% year-on-year; the net loss attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 152 million yuan, an increase of 1.74% year-on-year.
ST Tongzhou said that the company's performance mainly comes from the sales of intelligent digital terminal products at home and abroad and the sales and services of various operators' full-service integration cloud platform. In the first half of 2021, due to the impact of the new crown pneumonia epidemic at home and abroad and the company's initiative to abandon some orders with long payment cycles and low gross profit in order to optimize the quality of orders, the company's operating income fell sharply. In addition, as the company's fixed cost burden is still large, coupled with the tight global chip supply, raw material prices have risen sharply year-on-year, and the direct material cost of products has risen, resulting in the company's continued losses. At the same time, during the reporting period, the company increased the collection of accounts receivable and recovered historical receivables, resulting in a decrease in credit impairment losses compared with the same period of the previous year, so the amount of losses decreased compared with the same period last year.
According to the announcement, Yuan Ming, the company's largest shareholder, signed a share transfer agreement with Xiaoniu Longhang in October 2017, but was frozen by the court in May 2020. The company has not been able to know the reason and has not been able to contact Yuan Ming.
It is reported that ST Tongzhou's main business is the development, integration and operation of radio and television full-service integration cloud platform, digital TV middleware, smart TV operating system TVOS, intelligent digital terminal, intelligent gateway, digital TV front-end equipment, etc., as well as the development, integration and operation of value-added services related to smart home, mainly for radio and television operators, telecom operators and global overseas operator markets. With the integration of converged network access, interconnection, Internet of Things, AI, PVR, 4K, audio, projection, intelligent voice, conference and other functions, smart home ecological products and systems are increasingly developing towards intelligence, platformization, systematization, ecology, interaction and diversification. The company has launched a new generation of full-service convergence cloud platform, Internet of Things solutions, Xueliang engineering solutions, and new generation intelligent gateway products to meet the needs of some families for intelligent upgrading, and to promote operators to advance to intelligence and Internet of Things. In the future, the company will actively lay out emerging fields and new markets such as smart communities, smart cities, and the Internet of Things, and gradually develop digital set-top box business, platform service business, Internet of Things business, intelligent manufacturing business and battery business.
(Proofreading/Andy)