Workflow
Join-Cheer(002279)
icon
Search documents
久其软件(002279) - 2017 Q3 - 季度财报
2017-10-27 16:00
Financial Performance - Operating revenue for the reporting period reached CNY 456,062,357.49, a year-on-year increase of 47.82%[8] - Net profit attributable to shareholders increased by 57.50% to CNY 95,173,898.07 for the reporting period[8] - Basic earnings per share rose by 21.24% to CNY 0.1353[8] - The weighted average return on net assets increased by 0.93% to 3.97%[8] - The net profit after deducting non-recurring gains and losses increased by 15.91% to CNY 69,012,903.05[8] - The company expects a net profit attributable to shareholders for 2017 to be between 30 million and 36 million CNY, representing a year-on-year increase of 37.23% to 64.68% compared to 21.86 million CNY in 2016[26] Asset and Cash Flow - Total assets increased by 50.55% to CNY 4,209,186,160.07 compared to the end of the previous year[8] - Net cash flow from operating activities was CNY 8,433,247.34, recovering from a negative cash flow of CNY -124,889,119.21 in the previous period[8] - The company's cash flow from sales of goods and services was 1,130.02 million yuan, up 59.71% year-on-year, attributed to the consolidation of Shanghai Yitong and the expansion of business scale[18] - The company's cash and cash equivalents increased by 627.7% to 1,153.47 million yuan, mainly due to the proceeds from the public issuance of convertible bonds[15] Consolidation and Investments - The company's operating revenue reached 1,054.69 million yuan, representing a year-on-year increase of 42.08% primarily due to the consolidation of Shanghai Yitong and Ruiyi Hengtong[16] - The company's goodwill rose by 63.50% to 1,689.59 million yuan, primarily due to the consolidation of Shanghai Yitong[15] - The company's minority interest increased by 526.08% to 123.96 million yuan, primarily due to the consolidation of Shanghai Yitong[15] - The company's accounts receivable rose by 35.50% to 414.33 million yuan, mainly due to the consolidation of Shanghai Yitong[15] - The company's investment cash outflow increased by 1,466.46% to 46.99 million yuan, mainly due to contributions to the Big Data Industry Fund and investments in new technology companies[18] Costs and Expenses - The company's operating costs increased by 52.52% to 489.38 million yuan, primarily due to the consolidation of Shanghai Yitong and Ruiyi Hengtong[16] - The company's financial expenses surged by 763.52% to 11.28 million yuan, mainly due to interest payments on loans and the accrual of convertible bond interest[17] Capital and Financing - The company issued 7.8 million convertible bonds, raising a total of 780 million yuan, with net proceeds of 764.92 million yuan after deducting fees[19] - The company applied for a total of 300 million CNY in comprehensive credit from Ningbo Bank and Industrial Bank[24] - The company plans to use up to 550 million CNY of temporarily idle raised funds to purchase short-term low-risk bank financial products[24] - The company increased capital by 280 million CNY to its subsidiary, with the registration procedures completed[24] Other Information - The company did not engage in any repurchase transactions during the reporting period[12] - The company completed the asset transfer procedures for the sale of three properties by the end of the reporting period[23] - The company granted a total of 7.2 million restricted stocks to 347 middle management and core technical/business personnel at a price of 6.1 CNY per share, with 707.08 thousand shares actually awarded after 21 participants declined[22] - The company reported a fair value loss of 177,121.67 CNY on available-for-sale financial assets, with an initial investment cost of 6,998,002.94 CNY[28] - Non-recurring gains and losses totaled CNY 29,513,121.13, primarily from the disposal of non-current assets[9]
久其软件(002279) - 2017 Q2 - 季度财报
2017-08-29 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was ¥598,624,455.36, representing a 37.99% increase compared to ¥433,810,899.36 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥50,139,484.13, a significant increase of 217.39% from ¥15,797,539.06 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥46,787,358.02, up 261.12% from ¥12,956,099.20 year-on-year[18]. - The basic earnings per share increased to ¥0.0712, a rise of 217.86% compared to ¥0.0224 in the same period last year[18]. - The company reported a significant increase in net profit for the first half of 2017, reaching CNY 58,970,050.18, a growth of 510.5% from CNY 9,656,951.56 in the previous year[186]. - The profit attributable to the parent company's shareholders was CNY 50,139,484.13, compared to CNY 15,797,539.06 in the same period last year, marking an increase of 216.5%[186]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,038,375,785.77, reflecting a 44.44% increase from ¥2,795,870,631.63 at the end of the previous year[18]. - The total liabilities increased to CNY 1,521,586,442.22 from CNY 341,380,917.87, indicating a growth of 345.5%[184]. - The total owner's equity increased to CNY 2,460,455,782.31 from CNY 2,183,597,902.86, representing a growth of about 13%[179]. - The company's goodwill increased significantly to ¥1,689,591,213.57, making up 41.84% of total assets, up from 21.20% year-on-year, primarily due to the acquisition of Shanghai Yitong[62]. Cash Flow - The company reported a net cash flow from operating activities of -¥133,322,366.55, an improvement from -¥151,263,474.71 in the same period last year[18]. - The cash and cash equivalents at the end of the period amounted to ¥1,146,362,507.29, representing 28.39% of total assets, up from 16.25% in the previous year, primarily due to the issuance of convertible bonds[62]. - Total cash inflow from financing activities amounted to ¥813,212,000.00, a substantial increase from ¥2,050,000.00 in the previous period[194]. - The net cash flow from financing activities was ¥734,315,715.23, a significant turnaround from -¥31,071,355.57 in the prior period[194]. Investments and Acquisitions - The company completed the acquisition of Shanghai Yitong, contributing to the revenue growth and enhancing its product offerings[54]. - The company has invested ¥11,302,694.54 in the construction of the Jiuxi Government Affairs R&D Center, with a total investment of ¥49,580,957.87 to date[69]. - The company has committed to several projects, including the establishment of a digital marketing operation platform and a government enterprise big data platform, with expected completion dates in December 2019[78]. Business Segments - In the e-government sector, the company generated operating revenue of 193.90 million yuan, reflecting a year-on-year increase of 15.86%[35]. - The digital marketing business generated revenue of 338.42 million yuan, with a year-on-year increase of 69.92%[46]. - The internet services segment generated revenue of CNY 347,090,410.06, marking a 72.68% increase from CNY 201,007,582.24 year-on-year[57]. Future Outlook and Risks - The company expects net profit attributable to shareholders for the first three quarters of 2017 to increase by 77.11% to 123.03%, ranging from 135 million to 170 million yuan[92]. - The increase in net profit is attributed to the consolidation of Shanghai Yitong and steady growth in core business operations[92]. - The company faces risks related to business integration, acquisition effectiveness, goodwill impairment, and accounts receivable recovery[93][95][96][97]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,026[146]. - The largest individual shareholder, Dong Taixiang, owns 15.29% of shares, amounting to 107,610,093 shares, with 24,833,098 shares changing hands[146]. - The company’s shareholding structure shows that the proportion of limited sale condition shares decreased from 63.57% to 61.02% after the repurchase[136]. Corporate Governance - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[156]. - The company has not reported any changes to the fundraising projects during the reporting period[80]. - The company has no significant penalties or rectifications during the reporting period[111].
久其软件(002279) - 2017 Q1 - 季度财报
2017-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2017 was ¥202,567,069.42, representing a 16.71% increase compared to ¥173,560,362.71 in the same period last year[5]. - The net profit attributable to shareholders was ¥5,871,669.39, a significant recovery from a loss of ¥6,506,268.95 in the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,199,285.37, improving from a loss of ¥8,176,639.81 year-on-year[5]. - The basic earnings per share increased to ¥0.0108 from a loss of ¥0.0120 in the same period last year[5]. - Net profit turned positive at 4.1941 million yuan, compared to a loss of 9.6667 million yuan in the same period last year, driven by increased business revenues and the consolidation of Ruiyi Hengdong[13]. - Net profit attributable to shareholders of the parent company was 5.8717 million yuan, recovering from a loss of 6.5063 million yuan in the previous year, mainly due to increased business revenues and the consolidation of Ruiyi Hengdong[13]. - The company expects net profit attributable to shareholders for the first half of 2017 to range from 43 million to 50.85 million yuan, representing a year-on-year increase of 172.19% to 221.89%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,600,786,978.06, down 6.98% from ¥2,795,870,631.63 at the end of the previous year[6]. - The net assets attributable to shareholders increased slightly by 0.26% to ¥2,169,321,765.46 from ¥2,163,798,446.03 at the end of the previous year[6]. Cash Flow - The company reported a net cash flow from operating activities of -¥116,956,481.59, an improvement from -¥132,613,244.43 in the previous year[5]. - Cash received from sales of goods and services was 237.9702 million yuan, up 36.30% year-on-year, attributed to the consolidation of Ruiyi Hengdong and expanded business scale[13]. - Cash received from tax refunds increased by 67.57% to 554,370 yuan, mainly due to increased VAT refunds during the reporting period[13]. Investments and Expenditures - The company reported a significant increase in development expenditures, which rose by 81.74% to ¥857.77 million, indicating increased investment in capitalized R&D projects[12]. - Cash paid for the purchase of fixed assets and intangible assets rose by 117.00% to 4.2834 million yuan, primarily due to payments for the construction of a government office building[14]. - The company plans to issue convertible bonds to raise up to 780 million yuan for projects including the establishment of a government affairs R&D center and the acquisition of 100% equity in Beijing Ruiyi Hengdong Technology Co., Ltd.[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,014[9]. - The company received government subsidies amounting to ¥1,113,109.59 during the reporting period, contributing to its financial performance[7]. Joint Ventures - The company and China Railway Construction Asset Management Co., Ltd. jointly established Beijing Jiuqi Jinjian Technology Co., Ltd. with a registered capital of 30 million yuan, with the company holding a 75% stake[16]. Financial Expenses - Financial expenses decreased by 2.23 million yuan to -461,000 yuan, mainly due to reduced foreign exchange losses on euro borrowings during the reporting period[13]. - Operating income increased by 60.83% to 8.5968 million yuan, primarily due to an increase in VAT refunds received during the reporting period[13].
久其软件(002279) - 2016 Q3 - 季度财报
2016-10-26 16:00
Financial Performance - Operating revenue for the reporting period was ¥308,520,433.96, representing a significant increase of 94.88% year-on-year[7]. - Net profit attributable to shareholders was ¥60,426,986.81, reflecting an increase of 84.40% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥59,540,572.52, up 96.76% year-on-year[7]. - Basic earnings per share for the reporting period was ¥0.1116, an increase of 68.33% compared to the same period last year[7]. - The weighted average return on net assets was 3.04%, an increase of 0.45% compared to the previous year[7]. - The net profit attributable to the parent company was 76.22 million yuan, reflecting a growth of 90.39% year-on-year, largely due to the consolidation of Huaxia Daitong[16]. - Cash received from sales of goods and services was 707.57 million yuan, up 179.38% year-on-year, driven by the consolidation of Huaxia Daitong and the expansion of Yiqi Lian Technology's business scale[17]. - The company reported a significant increase in other payables, which rose to CNY 163,180,023.63 from CNY 98,270,247.35, an increase of approximately 65.9%[45]. - The company reported a total profit of CNY 59,607,242.90 for the third quarter, which is an increase of 72.3% from CNY 34,607,038.91 in the same quarter last year[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,498,316,016.29, a slight increase of 0.04% compared to the previous year[7]. - The company's cash and cash equivalents decreased by 46.01% to 458.77 million yuan, primarily due to seasonal factors affecting business collections and payments for investments[15]. - The company's total liabilities increased significantly, with other payables rising by 66.05% to 163.18 million yuan, mainly due to the acquisition of Ruiyi Hengdong[15]. - The total liabilities decreased to CNY 466,747,117.47 from CNY 519,973,987.30, reflecting a reduction of approximately 10.2%[45]. - The owner's equity totaled CNY 2,031,568,898.82, an increase from CNY 1,977,311,752.32, showing a growth of about 2.7%[46]. - The company's non-current assets totaled CNY 1,463,359,671.93, up from CNY 1,282,752,732.99, indicating an increase of approximately 14.1%[46]. Cash Flow - The company reported a net cash flow from operating activities of -¥189,924,932.99 for the year-to-date[7]. - The cash flow from operating activities showed a net outflow of CNY -189,924,932.99, worsening from CNY -65,039,559.82 in the same period last year[67]. - The net cash flow from operating activities was -88,629,741.70 yuan, compared to -18,851,922.68 yuan in the previous period, indicating a significant decline in operational cash flow[71]. - Cash inflow from operating activities totaled 193,113,779.47 yuan, up from 132,960,557.88 yuan in the previous period, indicating improved cash receipts from operations[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,992[11]. - The top ten shareholders held a combined 81.82% of the shares, with the largest shareholder owning 24.17%[11]. - The company has committed to a 36-month lock-up period for shares acquired through private placements, ensuring no transfer within the first 12 months[25]. - The company has established a performance compensation mechanism, where if the actual net profit falls short of the promised figures, compensation will be made through shares[25]. Commitments and Compliance - The company emphasizes compliance with market principles in related transactions to protect the interests of shareholders[24]. - The company has a strict approval process for related transactions to ensure fairness and transparency[24]. - The company has committed to maintaining compliance with various operational and financial commitments, ensuring no violations occurred during the reporting period[34]. - The commitment to avoid competition states that the individual will not engage in any competing business with Jiuxi Software and its subsidiaries during the commitment period[23]. - The company has committed to fulfilling its disclosure obligations regarding related transactions to safeguard the rights of minority shareholders[29]. Future Plans and Investments - The company plans to raise up to 780 million yuan through a public offering of convertible bonds, which will be invested in various projects including the construction of the Ji Qi Government Affairs R&D Center and the acquisition of 100% equity in Beijing Ruiyi Hengdong Technology Co., Ltd.[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[52]. - The company plans to invest in a big data industry fund with a contribution of 100 million yuan to enhance its big data ecosystem[19].
久其软件(002279) - 2015 Q4 - 年度财报
2016-03-30 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 716,679,345.55, representing a 119.38% increase compared to CNY 326,678,547.40 in 2014[22]. - The net profit attributable to shareholders for 2015 was CNY 134,979,385.42, an increase of 85.72% from CNY 72,679,211.46 in 2014[22]. - The net profit after deducting non-recurring gains and losses was CNY 122,260,399.87, which is a 144.02% increase from CNY 50,101,907.29 in 2014[22]. - The net cash flow from operating activities for 2015 was CNY 173,522,161.37, up 108.20% from CNY 83,342,997.19 in 2014[22]. - Total assets at the end of 2015 reached CNY 2,497,285,739.62, a 202.83% increase from CNY 824,654,371.78 at the end of 2014[23]. - The net assets attributable to shareholders at the end of 2015 were CNY 1,965,596,669.68, reflecting a 162.15% increase from CNY 749,786,309.55 at the end of 2014[23]. - The weighted average return on equity for 2015 was 10.19%, slightly up from 10.04% in 2014[22]. - The company achieved a revenue of 716.68 million yuan, representing a year-on-year growth of 119.38%[45]. - The net profit attributable to shareholders was 134.98 million yuan, an increase of 85.72% compared to the previous year[45]. Business Strategy and Expansion - The company aims to expand its business scope through self-incubation and mergers and acquisitions, focusing on integrating traditional industries with emerging sectors like mobile internet and big data[7]. - The company is committed to a growth strategy that combines organic growth with external development through acquisitions[8]. - The company is actively exploring innovations in technology research and development, business models, and market resources to adapt to the rapidly changing IT industry[7]. - The company has identified potential risks related to new business developments and the need to maintain technological and market leadership[7]. - The company has expanded into big data and mobile internet sectors while continuing to strengthen its traditional electronic government and group management businesses[32]. - The company is strategically expanding into the "Internet+" sectors, including digital marketing and internet finance, in response to national policy initiatives[57]. - The company has established a basic "Jiuqi+" information technology ecosystem, focusing on big data applications, digital marketing, and cloud services[45]. Acquisitions and Mergers - The acquisition of Huaxia Electric Communication in November 2015 enhanced the company's solution capabilities in the court sector[33]. - The company completed the acquisition of Yiqilian Technology for ¥480 million and Huaxia Diantong for ¥600 million, funded through a combination of new shares and cash[94]. - The company completed the acquisition of Huaxia Diantong for 60 million CNY, enhancing its capabilities in the digital video sector and electronic government services[49]. - The company’s acquisition of Beijing Huaxia Diantong Technology Co., Ltd. strengthened its business in the judicial field, contributing a profit of 7.34 million yuan[111]. Revenue Sources and Segments - The company’s revenue primarily comes from three main business areas: management software, digital marketing, and digital video, with seasonal revenue peaks typically occurring in the third and fourth quarters of each year[5]. - The digital marketing business is less affected by seasonal performance factors, which helps to alleviate the adverse effects of seasonal revenue fluctuations[5]. - The electronic government business generated revenue of 268.40 million yuan, growing by 45.52% year-on-year[46]. - The mobile internet segment generated ¥292,919,937.58, accounting for 40.87% of total revenue, with no prior year data available[69]. - Revenue from software sales was ¥181,538,620.12, representing 25.33% of total revenue, with a year-on-year growth of 28.05%[72]. Cash Flow and Financial Management - Total operating cash inflow for 2015 was ¥757.61 million, an increase of 109.73% compared to ¥361.24 million in 2014[85]. - Net cash flow from operating activities reached ¥173.52 million, up 108.20% from ¥83.34 million in the previous year, primarily due to the consolidation of Yiqilian Technology and Huaxia Diantong[85]. - Net cash flow from investment activities surged to ¥113.35 million, a significant increase of 2,406.92% from ¥4.52 million in 2014, attributed to reduced cash outflow for long-term investment products[86]. - Net cash flow from financing activities was ¥270.27 million, a substantial increase from a negative ¥35.76 million in 2014, driven by bank loans and funds raised for equity purchases[86]. - The net increase in cash and cash equivalents for the year was ¥557.96 million, representing a remarkable growth of 970.95% compared to ¥52.10 million in 2014[85]. Shareholder and Dividend Information - The profit distribution plan approved by the board is to distribute a cash dividend of 1 yuan (including tax) for every 10 shares, based on a total share capital of 216,596,780 shares as of December 31, 2015[10]. - The cash dividend for 2015 represented 16.05% of the net profit attributable to shareholders, which was RMB 134,979,385.42[128]. - The total distributable profit for 2015 was RMB 255,302,769.02, with cash dividends constituting 100% of the profit distribution[129]. - The company has maintained compliance with its cash dividend policy and ensured the protection of minority shareholders' rights[126]. Compliance and Regulatory Matters - The company has not faced goodwill impairment risks as the operating conditions of its newly acquired subsidiaries, Yiqilian Technology and Huaxia Diantong, remain strong[120]. - The company has established measures to prevent conflicts of interest and ensure compliance with competition laws[134]. - The company has committed to avoid any related party transactions that could harm the interests of its shareholders and will strictly adhere to market principles[136]. - The company has not engaged in any competing business as of the signing date of the commitment letter[134]. Research and Development - The company achieved a total R&D expenditure of ¥169,088,686.07, which is 23.59% of total revenue, reflecting a 26.35% increase from the previous year[83]. - The company is developing a government affairs software research and development center, with an investment of 5.2128 million yuan in the reporting period[97]. - The company plans to establish a Big Data Research Institute to enhance its big data business development, focusing on data analysis model construction and strategic collaboration with subsidiaries[116]. Human Resources and Talent Management - The human resources department focused on optimizing talent management processes and reducing operational costs through shared services and collaborative recruitment efforts[66]. - The company has a commitment to limit the reduction of shares held by the controlling shareholder and actual controllers[192].
久其软件(002279) - 2015 Q2 - 季度财报(更新)
2015-09-01 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was ¥158,604,804.30, representing a 64.57% increase compared to ¥96,372,436.53 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥7,265,311.83, a significant recovery from a loss of ¥6,991,210.09 in the previous year[19]. - The total profit for the reporting period was 10.22 million yuan, with a net profit attributable to shareholders of 7.27 million yuan, marking a turnaround from a loss in the previous year[27]. - The net profit for the first half of 2015 was CNY 4.65 million, compared to a net loss of CNY 7.16 million in the same period of 2014, indicating a turnaround in profitability[141]. - The company reported a net profit contribution of 20.16 million yuan from the acquisition of 100% equity in Yiqilian Technology, which was included in the consolidated financial statements for the reporting period[31]. - The company reported a significant increase in goodwill by 18,585.84% to 448.65 million yuan due to the acquisition of Yiqilian Technology[31]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,301,748,478.00, marking a 57.85% increase from ¥824,654,371.78 at the end of the previous year[19]. - The total liabilities decreased to CNY 42,506,836.53 from CNY 65,500,295.71, a decline of about 35.1%[132]. - The total current assets amounted to CNY 457,674,819.22, an increase from CNY 430,296,624.74, representing a growth of approximately 6.5%[131]. - The total assets of the main subsidiary, Beijing Jiuxi Government Affairs Software Co., Ltd., amount to 82.05 million yuan, with a net profit of 1.54 million yuan[68]. - The total amount of raised funds is CNY 138 million, with CNY 138.034 million invested during the reporting period[61]. Cash Flow - The company reported a net cash flow from operating activities of -¥59,567,546.29, slightly better than -¥63,257,347.14 in the previous year[19]. - The cash flow from financing activities was 105.81 million yuan, a significant recovery from -31.64 million yuan in the previous period, due to a targeted stock issuance[30]. - The total cash inflow from investment activities was 58,279,086.31 CNY, down from 124,645,669.93 CNY in the previous period[149]. - The cash flow from operating activities showed a total inflow of 67,534,998.80 CNY, compared to 64,074,158.22 CNY in the previous period[151]. Business Operations - The company operates in software services, focusing on e-government, group control, big data, and mobile internet software solutions[172]. - The company signed multiple asset management projects with various government departments, including the China Meteorological Administration and the National Forestry Administration, expanding its electronic government business[33]. - The company launched a new financial management solution for large enterprises to address tax reform challenges, marking a breakthrough in the financial asset management sector[35]. - The company established a Transportation Division to enhance its presence in the transportation statistics sector, achieving application in over ten provinces and cities nationwide[34]. Investments and Acquisitions - The company plans to acquire 100% equity of Beijing Huaxia Diantong Technology Co., Ltd. for 600 million yuan to deepen its traditional business[44]. - The acquisition of 100% equity in Beijing Yiqi Lian Technology Co., Ltd. was completed for a transaction price of 48 million RMB, which is expected to enhance the company's profitability[84]. - The company plans to raise 40 million yuan through a non-public offering to finance the acquisition of 100% equity in Huaxia Telecom[91]. - The company completed the acquisition of 100% equity in Yiqilian Technology, raising CNY 138 million through share issuance and cash payment[62]. Shareholder Information - The total number of shares after the recent changes is 197,810,840, with 54.47% being limited sale shares and 45.53% being unrestricted shares[114]. - The company distributed a cash dividend of 1.001960 RMB per 10 shares, totaling 19,819,873.70 RMB, adjusted from the original plan due to a reduction in total shares from 198,198,737 to 197,810,840[73]. - The company has not made any adjustments to its cash dividend policy during the reporting period[75]. Compliance and Governance - The company has strengthened internal audit work to ensure compliance with laws and regulations[81]. - The independent directors confirmed that the profit distribution plan complies with relevant laws and does not affect the company's normal operations[73]. - The company has committed to strict adherence to legal and regulatory requirements in any related party transactions to protect the interests of minority shareholders[104]. Risks and Challenges - The company acknowledges potential risks including seasonal performance fluctuations and risks associated with new business development and acquisitions[5]. - The company has not faced any major litigation or arbitration matters during the reporting period[82]. - The company has not reported any significant media controversies during the reporting period[82].
久其软件(002279) - 2015 Q2 - 季度财报
2015-07-30 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was ¥158,604,804.30, representing a 64.57% increase compared to ¥96,372,436.53 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥7,265,311.83, a significant recovery from a loss of ¥6,991,210.09 in the previous year[19]. - The total profit for the reporting period was 10.22 million yuan, with a net profit attributable to shareholders of 7.27 million yuan, marking a turnaround from a loss in the previous year[27]. - The company reported a net profit contribution of 20.16 million CNY from the acquisition of Yiqilian Technology, which was included in the consolidated financial statements for the reporting period[31]. - The company anticipates positive net profit for the first nine months of 2015, indicating a strong operational performance compared to the previous year[72]. - The significant increase in net profit is attributed to the consolidation of Yiqilian Technology into the financial statements at the beginning of the reporting period[72]. Cash Flow and Investments - The net cash flow from operating activities was -¥59,567,546.29, slightly improved from -¥63,257,347.14 in the same period last year[19]. - The company reported a significant increase in investment income, which rose by 229.03% to 7.63 million yuan, attributed to the disposal of equity in Beiyou Zhongwang[30]. - The net cash flow from financing activities showed a net increase of 105,806,762.89 CNY, compared to a net outflow of -31,643,147.65 CNY in the previous period[149]. - The total cash inflow from investment activities was 58,279,086.31 CNY, down from 124,645,669.93 CNY in the previous period[149]. - The company received government subsidies totaling 1.23 million yuan during the reporting period, contributing to other income[30]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,301,748,478.00, a 57.85% increase from ¥824,654,371.78 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 66.45% to ¥1,247,994,351.64 from ¥749,786,309.55 at the end of the previous year[19]. - Accounts receivable increased by 88.85% to 123.18 million CNY due to the inclusion of Yiqilian Technology and increased sales revenue not yet collected[31]. - The total liabilities decreased to CNY 42,506,836.53 from CNY 65,500,295.71, reflecting a decline of about 35.1%[132]. Business Operations and Strategy - The company is actively exploring the "Internet+" initiative, focusing on integrating internet technologies with various sectors such as advertising, logistics, and finance[39]. - The company launched a financial management solution for large enterprises to address the challenges posed by the national tax reform[35]. - The company established a new Transportation Division to enhance its presence in the transportation statistics sector, achieving application in over ten provinces and cities[34]. - The company signed contracts with major clients in the financial asset management sector, including China Cinda Asset Management and China Huarong Asset Management[35]. - The company has made a commitment to avoid any competitive business activities with its subsidiaries and related companies, ensuring compliance for a period of three years starting from February 6, 2015[103]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company distributed a cash dividend of 1.001960 RMB per 10 shares, totaling 19,819,873.70 RMB, adjusted from the original plan due to a reduction in total shares from 198,198,737 to 197,810,840[73]. - The company has not made any adjustments to its cash dividend policy during the reporting period[75]. Compliance and Governance - The company has strengthened internal audit work to ensure compliance with laws and regulations[81]. - The independent directors confirmed that the profit distribution plan complies with relevant laws and does not affect the company's normal operations[73]. - The company has not faced any major litigation or arbitration matters during the reporting period[82]. Research and Development - Research and development expenses increased by 16.47% to 65.29 million yuan, reflecting the company's commitment to innovation[29]. - The company invested 10 million CNY to establish Beijing Jiuxi Longxin Data Technology Co., Ltd. to enhance its government financial big data analysis capabilities[37]. Mergers and Acquisitions - The company is in the process of acquiring 100% equity of Beijing Huaxia Diantong Technology Co., Ltd. for 600 million yuan to deepen its traditional business[44]. - The acquisition of 100% equity in Beijing Yiqi Lian Technology Co., Ltd. was completed for a transaction price of 48 million RMB, which is expected to enhance the company's profitability[84]. - The company is in the process of acquiring 100% equity in Huaxia Telecom, with the transaction still pending approval from the China Securities Regulatory Commission[91]. Financial Reporting and Standards - The company adheres to the Chinese Accounting Standards and ensures that its financial statements reflect true and complete financial conditions[178]. - The financial report for the first half of the year was not audited[128]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial status, operating results, and cash flows of the entire corporate group[184].
久其软件(002279) - 2015 Q1 - 季度财报
2015-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2015 was ¥49,290,961.26, representing a 44.43% increase compared to ¥34,127,981.14 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥14,224,596.73, an improvement from a loss of ¥16,276,382.23 in the previous year[5] - The net cash flow from operating activities was negative at ¥57,785,857.62, slightly worse than the negative ¥54,348,609.68 recorded in the same period last year[5] - The weighted average return on net assets was -1.48%, an improvement from -2.32% in the previous year[5] - The basic and diluted earnings per share were both -¥0.0768, compared to -¥0.0926 in the same period last year[5] Asset and Shareholder Information - Total assets increased by 58.42% to ¥1,306,401,965.53 from ¥824,654,371.78 at the end of the previous year[5] - The net assets attributable to shareholders rose by 67.72% to ¥1,257,561,694.62 from ¥749,786,309.55 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 10,212[8] - The largest shareholder, Beijing Jiuxi Technology Investment Co., Ltd., held 25.78% of the shares, amounting to 51,104,918 shares[8] Consolidation and Acquisitions - Accounts receivable increased by 38.75% to CNY 90.50 million, primarily due to the consolidation of Yiqilian Technology[14] - Revenue rose by 44.43% to CNY 49.29 million, mainly attributed to the inclusion of Yiqilian Technology in the consolidation[14] - Goodwill surged by 18,585.84% to CNY 448.65 million, resulting from the consolidation of Yiqilian Technology[14] - Cash received from sales increased by 36.40% to CNY 40.99 million, driven by the consolidation of Yiqilian Technology[16] - Investment income soared by 2,273.13% to CNY 5.10 million, due to the disposal of equity in Beiyou Zhongwang[14] - The company completed the acquisition of 100% equity in Beijing Huaxia Diantong Technology Co., Ltd. as part of a major asset restructuring[15] - The company established a joint venture with Longxin Data (Beijing) Co., Ltd., investing CNY 10 million, with a 51% ownership stake[16] Government Support and Capital Increase - Cash received from government subsidies increased significantly, contributing to a 1,375.59% rise in cash from operating activities[16] - The company raised CNY 138 million through a directed share issuance to Jiuqi Technology as part of its capital increase strategy[16] Future Outlook and Strategic Plans - The company plans to enhance its competitive edge in the big data sector through strategic investments and acquisitions[15] - The company expects to achieve a turnaround in net profit for the first half of 2015, projecting a net profit of approximately 1,000 million CNY compared to a loss of 699.12 million CNY in the same period of 2014[20] - The improvement in performance is attributed to the acquisition of Beijing Yiqilian Technology, which was consolidated into the company's financials in the first quarter of 2015, alleviating seasonal impact on earnings[20] Commitments and Governance - The company has made commitments regarding stock transfer and competition, ensuring that major shareholders will not reduce their holdings or engage in competing businesses for specified periods[19]
久其软件(002279) - 2014 Q4 - 年度财报
2015-04-20 16:00
Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares to all shareholders, with no bonus shares issued[5] - The company achieved a net profit of CNY 61,218,547.23 for the year 2014, with a proposed cash dividend of CNY 19,819,873.70, equating to CNY 1.00 per 10 shares[107] - The cash dividend payout ratio for 2014 is 27.27% of the net profit attributable to shareholders, compared to 53.24% in 2013[105] Financial Performance - The company achieved operating revenue of CNY 326,678,547.40 in 2014, representing a year-on-year increase of 12.82%[28] - The net profit attributable to shareholders reached CNY 72,679,211.46, up 22.29% compared to the previous year[28] - The company's cash flow from operating activities increased by 15.59% to CNY 83,342,997.19[28] - The total assets of the company increased by 8.18% to CNY 824,654,371.78 by the end of 2014[28] - The weighted average return on equity rose to 10.04%, an increase of 1.38% from the previous year[28] - The company achieved an annual revenue of 326.68 million yuan, with a year-on-year growth of 12.86%[45] - The electronic government business revenue reached 184.43 million yuan, increasing by 22.00% year-on-year[45] - The company reported a net profit of 32.50 million yuan for the year 2014, which is a decrease from the forecasted profit of 36.78 million yuan due to changes in Apple's App Store ranking rules affecting advertising effectiveness[134] Business Strategy and Development - The company has been actively exploring new business opportunities in mobile internet and big data since 2012, aiming to integrate these with traditional industries[15] - The company expanded its strategic focus to include mobile internet and big data, enhancing its market competitiveness[34] - The company aims to focus on electronic government, group control, big data, and mobile internet sectors, seizing opportunities in the "Internet+" initiative[90] - The company plans to enhance its existing products and technology platforms by integrating them with internet technologies, aiming for a transformation in traditional business models[92] - In 2015, the company will focus on optimizing solutions for e-government, group control, and big data, while deepening market penetration[93] Asset Management and Investments - The company is currently undergoing a major asset restructuring, with plans to issue shares and raise funds for asset acquisition, pending regulatory approvals[18] - The company made an external investment of CNY 22,000,000.00 during the reporting period, a significant increase from zero in the previous year[66] - The company raised 138 million yuan through a private placement to fund the acquisition and related expenses, demonstrating a proactive approach to financing growth initiatives[122] - The company has invested in various financial products, including trust products and asset management products, with amounts ranging from 600 million to 9,800 million[72] Research and Development - R&D expenditure totaled 133.82 million yuan, representing a year-on-year increase of 15.10%[53] - The proportion of R&D expenditure to net assets was 17.63%, up from 16.38% the previous year[53] - The company emphasizes its core competitiveness lies in independent innovation and R&D capabilities, adhering to CMMI and ISO9001:2008 standards for quality management[198] Subsidiaries and Joint Ventures - The company has a full subsidiary, Hainan Jiuqi Cloud Computing Technology Co., Ltd., and other subsidiaries focused on technology solutions[10] - The company has established a joint venture in the big data business field, which is currently in the investment phase[87] - The subsidiary Beijing Jiuqi Software Co., Ltd. reported total assets of 87,420,728 CNY and net assets of 62,738,953 CNY, with an operating income of 50,860,771 CNY and a net profit of 13,965,069 CNY[86] Risk Management and Compliance - The company has no significant operational risks at present, but acknowledges potential risks related to new business development and market competition[13] - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4] - The company strictly adheres to the information disclosure regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring transparency and fairness in investor relations[177] - No insider trading incidents occurred during the reporting period, and the company effectively managed insider information to protect investor rights[178] Corporate Governance - The company has maintained its accounting firm, Lixin Certified Public Accountants, for two consecutive years, with an audit fee of 350,000 yuan[135] - Independent directors attended 11 board meetings, with 9 in person and 2 via telecommunication, ensuring active participation in governance[182] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, institutions, and finance, ensuring autonomous operations[188] Employee and Management Information - The total number of employees as of December 31, 2014, was 1,389, with 76.45% being technical personnel[168] - The company's total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.76 million[165] - The proportion of employees with a bachelor's degree or above is 82.08%, indicating a highly educated workforce[170] Market Position and Competition - The company has established a comprehensive training system for employees, focusing on various skill levels and job requirements[172] - The company emphasizes the importance of consulting capabilities as a key factor in leading market demand and establishing industry position[94] - The company has developed a nationwide marketing service network with branches in over 30 provinces, enhancing its sales management system[197]
久其软件(002279) - 2014 Q1 - 季度财报
2014-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2014 was ¥34,127,981.14, representing a 28.2% increase compared to ¥26,620,877.69 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥16,276,382.23, an improvement from a loss of ¥19,274,126.16 in the previous year[5] - The weighted average return on equity was -2.32%, an improvement from -2.93% in the same period last year[5] - The basic and diluted earnings per share were both -¥0.0926, an improvement from -¥0.1096 in the previous year[5] - The company expects a net loss of between -10,000,000 RMB and 0 RMB for the first half of 2014, an improvement compared to a net loss of -22,946,000 RMB in the same period of 2013[20] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥54,348,609.68, worsening from a negative cash flow of ¥37,380,552.43 in the same period last year[5] - Total assets decreased by 6.46% to ¥713,051,107.23 from ¥762,322,892.11 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 2.3% to ¥692,473,870.76 from ¥708,750,252.99 at the end of the previous year[7] - Cash flow from investment decreased by 51.59% to 43,567,600 RMB due to a reduction in maturing financial products during the reporting period[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,814[10] - The largest shareholder, Beijing Jiuqi Technology Investment Co., Ltd., held 25.7% of the shares, totaling 45,182,172 shares[10] Operational Changes - Accounts receivable increased by 250.00% to 700,000 RMB due to an increase in project payment receipts during the reporting period[15] - Prepayments rose by 49.33% to 5,514,000 RMB primarily due to increased costs for technical services and procurement of goods and labor[15] - Operating costs surged by 332.84% to 1,844,500 RMB mainly due to higher outsourcing expenses for technical services[15] - Cash paid to employees increased by 38.20% to 65,019,300 RMB primarily due to higher year-end bonuses compared to the previous year[15] Income and Taxation - Investment income increased by 80.46% to 215,000 RMB as a result of reduced losses from joint ventures and gains from trust products[15] - Cash received from tax refunds decreased by 42.69% to 970,200 RMB due to a reduction in VAT refunds received during the reporting period[15] - Deferred income tax liabilities increased by 74.31% to 137,400 RMB due to changes in the valuation of trading financial assets[15] Capital Expenditures - Cash paid for the acquisition of fixed assets increased by 51.93% to 4,067,100 RMB due to higher purchases of fixed assets during the reporting period[15] - The company reported non-recurring gains and losses totaling ¥2,495,184.23 for the reporting period[8]