JiShi Media(601929)2020-04-26 16:00Financial Performance - The company's total revenue for 2019 was CNY 1,927,661,632.92, a decrease of 4.19% compared to CNY 2,012,031,525.74 in 2018[20] - The net profit attributable to shareholders of the listed company was CNY 100,376,645.88, down 67.03% from CNY 304,467,778.11 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,863,253.04, a significant decline of 97.62% compared to CNY 204,109,751.48 in 2018[20] - The net cash flow from operating activities for 2019 was approximately ¥606 million, a decrease of 15.78% compared to ¥719 million in 2018[23] - The net assets attributable to shareholders decreased by 2.72% to approximately ¥6.96 billion from ¥7.16 billion in 2018[23] - Basic earnings per share dropped by 67.01% to ¥0.0323 in 2019 from ¥0.0979 in 2018[23] - The weighted average return on net assets decreased by 3.11 percentage points to 1.41% in 2019 from 4.52% in 2018[23] - The company's operating revenue for the reporting period was approximately CNY 1.93 billion, a decrease of 4.19% compared to the previous year[62] - Operating costs increased by 8.52% to approximately CNY 1.17 billion, while sales expenses rose by 6.38% to approximately CNY 250 million[62] - R&D expenses decreased significantly by 41.9% to approximately CNY 58.77 million, primarily due to capitalization of R&D costs[66] - Financial expenses surged by 232.34% to approximately CNY 44.18 million, mainly due to a reduction in interest income[66] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.038 per share based on a total share capital[5] - The company will allocate 10% of the net profit to statutory reserves, amounting to CNY 19,677,687.70, and 30% to discretionary reserves, totaling CNY 59,033,063.09[5] - The company plans to distribute a cash dividend of CNY 0.038 per 10 shares, amounting to a total cash dividend of CNY 11,822,143.59, which is 11.78% of the consolidated net profit attributable to the parent company's shareholders[144] - In 2018, the cash dividend per 10 shares was CNY 0.07, totaling CNY 21,776,357.68, which was 7.15% of the consolidated net profit[144] - In 2017, the cash dividend per 10 shares was CNY 0.25, totaling CNY 77,770,029.80, which was 20.72% of the consolidated net profit[144] Market Expansion and Strategy - The company is focusing on expanding its market presence and enhancing its technological capabilities, particularly in the field of broadband and smart security solutions[11] - The company is focusing on expanding its broadband internet services and digital television offerings in Jilin Province as part of its strategic transformation[32] - The company is actively pursuing international standards for its I-PON technology, with strategic partnerships established in Japan and Southeast Asia[55] - The company aims to construct a new type of cable television network that is high-speed, ubiquitous, intelligent, and secure[84] - The company plans to enhance its cable television network capabilities and integrate with new generation information communication technologies[84] - The company is actively promoting the integration of wired and wireless networks to improve broadband quality and user experience[85] - The company plans to enhance its smart product ecosystem by integrating smart home devices and launching video call features to improve user interaction[104] - The company intends to strengthen its position in the social information service market by exploring projects in ecological protection, government services, and smart tourism, aiming to optimize its revenue structure[133] - The company plans to capitalize on the "new infrastructure" initiative, focusing on 5G and IDC development to drive transformation and growth[136] User and Service Development - The total number of users covered by the company reached 9,009,200, with a coverage rate of 99%[48] - The company launched the "Smart Audio-Visual 5.0" platform, enhancing user experience with multi-screen interaction and intelligent voice operation[49] - The number of interactive users increased to 191.15 million, showing a significant growth of 36% compared to the previous period[96] - The number of high-definition TV users reached 292.50 million, with a net increase of 6.83 million users, representing a growth rate of 2.39%[94] - The company has 36 HD channels and 63 total paid channels, catering to diverse user preferences across various content categories[102] - The company has launched the "Jishi Cloud Platform," which utilizes big data and AI technologies to enhance user experience and service offerings[99] Risk Management and Compliance - The report includes a risk statement regarding future plans and development strategies, cautioning investors about potential risks[6] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - The company has not violated any decision-making procedures for providing guarantees[6] - The company has implemented a comprehensive copyright management platform to ensure the legality of multi-terminal video content[103] Financial Audits and Reporting - The audit report issued by Beijing Xinghua Accounting Firm confirmed the accuracy and completeness of the financial statements[4] - The company appointed Beijing Xinghua Certified Public Accountants as the auditor for the fiscal year 2019, with an audit fee of RMB 800,000 and an internal control audit fee of RMB 400,000[154] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 86,699, an increase from 86,221 at the end of the previous month[179] - The largest shareholder, Jilin Broadcasting Television Station, holds 983,337,364 shares, representing 31.61% of total shares[181] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 39%[181] - There were no changes in the controlling shareholder or actual controller during the reporting period[184] Management and Personnel - The total pre-tax remuneration for the chairman, general manager, and vice presidents during the reporting period amounted to CNY 609.67 million[193] - The chairman, Wang Shengjie, received a pre-tax remuneration of CNY 72.95 million, while the general manager, Gao Xuesong, received CNY 60.64 million[193] - The company reported no changes in shareholding for the current and departing directors, supervisors, and senior management during the reporting period[190] - The overall financial performance and strategic direction of the company remain stable, with no significant changes reported in the management structure[196]