奥飞数据(300738) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was CNY 411,024,850.77, representing an increase of 8.53% compared to CNY 378,708,341.62 in 2017[19]. - The net profit attributable to shareholders for 2018 was CNY 57,928,262.25, a decrease of 7.66% from CNY 62,732,697.32 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 40,280,898.70, down 33.87% from CNY 60,910,600.65 in 2017[19]. - The net cash flow from operating activities was negative CNY 61,689,338.81, a decline of 224.99% compared to CNY 49,355,806.14 in the previous year[19]. - Basic earnings per share decreased by 28.91% to CNY 0.91 from CNY 1.28 in 2017[19]. - The total profit for the year was 67.97 million yuan, a decrease of 7.22% compared to the previous year, with net profit attributable to shareholders of the parent company at 57.93 million yuan, down 7.66%[44]. Assets and Liabilities - Total assets at the end of 2018 reached CNY 1,081,312,642.76, an increase of 181.20% from CNY 384,532,388.56 in 2017[19]. - The net assets attributable to shareholders increased by 120.45% to CNY 571,422,662.96 from CNY 259,206,603.87 in the previous year[19]. - Shareholders' equity increased by 120.45% at the end of 2018 compared to the previous year, mainly due to funds raised from issuing shares and operating income[34]. - Fixed assets grew by 127.14% at the end of 2018, primarily due to the completion of the Haikou Jinlu and Guangzhou Science City Shenzhou IDC projects, leading to a significant increase in equipment[34]. - Intangible assets surged by 387.27% at the end of 2018, mainly from the purchase of network monitoring and management software[34]. - Cash and cash equivalents grew by 854.09% at the end of 2018, primarily due to funds raised from issuing shares[35]. Revenue Sources - IDC services accounted for 73.21% of total revenue, generating ¥300,920,735.65, which is a decrease of 7.80% from the previous year[62]. - Other internet comprehensive services saw significant growth, with revenue of ¥110,104,115.12, an increase of 110.41% year-over-year[62]. - Revenue from Guangdong decreased by 14.82% to ¥201,495,755.63, while revenue from Hong Kong and overseas increased by 103.98% to ¥151,685,862.26[62]. Investments and R&D - R&D expenses increased by 54.21% year-on-year, resulting in the acquisition of 2 patents and 9 software copyrights[50]. - The number of R&D personnel grew to 67, representing 27.02% of the total workforce, up from 20.63% in 2017[84]. - The R&D investment as a percentage of operating revenue was 5.79% in 2018, compared to 4.07% in 2017[84]. - The company is developing multiple new data center projects, which will add 4,970 new self-built data center cabinets in the future[47]. Market Position and Strategy - The company operates as a leading Internet Data Center (IDC) service provider in South China, with a core network established in major cities including Guangzhou, Shenzhen, and Beijing[29]. - The company is actively expanding its overseas market presence, successfully connecting its IDC services in Southeast Asia, Europe, and America through a submarine cable network[40]. - The company plans to complete the construction of approximately 2,770 new cabinets and 15,000 square meters of new data center space by the end of 2019, increasing the total number of available cabinets to 5,720, a growth of over 90% compared to the end of 2018[117]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1.80 per 10 shares, totaling CNY 11,835,880.00 based on 652,660,000 shares[6]. - The cash dividend for 2018 represents 20.28% of the net profit attributable to ordinary shareholders, which was 57,928,262.2 RMB[135]. - The company has maintained a consistent dividend policy over the past three years, with increasing cash dividends each year[134]. Compliance and Governance - The company has not engaged in any related party transactions during the reporting period[163]. - The company has maintained its accounting firm, Guangdong Zhengzhong Zhujiang Accounting Firm, for five consecutive years[157]. - The company has not faced any penalties or rectification issues during the reporting period[159]. Risks and Challenges - The company faces risks from reliance on telecom operators for resources, increased market competition, and potential talent loss if competitive incentives are not provided[123][124]. - The company has faced growth risks due to its relatively small operational scale, which limits its ability to withstand market and industry risks[125].