EASTMONEY(SZ:300059)2024-03-14 16:00Financial Performance - Total revenue for 2023 was approximately ¥11.08 billion, a decrease of 11.25% compared to ¥12.49 billion in 2022[11]. - Net profit attributable to shareholders for 2023 was approximately ¥8.19 billion, down 3.71% from ¥8.51 billion in 2022[11]. - Basic earnings per share for 2023 were ¥0.52, a decrease of 3.70% from ¥0.54 in 2022[11]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, with a net profit of approximately ¥7.86 billion for 2023, down 4.18% from ¥8.20 billion in 2022[11]. - Total operating revenue for 2023 was RMB 11,081,439,282.37, a decrease of 11.3% compared to RMB 12,485,576,441.96 in 2022[199]. - The company reported a total profit of 9,327,007,047.41, down from 9,782,667,962.25, reflecting a decrease of approximately 4.6%[200]. Cash Flow and Investments - Net cash flow from operating activities for 2023 was negative at approximately -¥3.14 billion, a decline of 345.62% compared to ¥1.28 billion in 2022[11]. - The net cash flow from operating activities turned negative at CNY -3.14 billion, a decline of 345.62% compared to CNY 1.28 billion in 2022[46]. - Investment cash outflow increased significantly by 140.72% to CNY 27.30 billion from CNY 11.34 billion in the previous year[52]. - The total amount raised from bond projects is CNY 1.5 billion, with all funds allocated as per the usage plan outlined in the fundraising prospectus[179]. Assets and Liabilities - Total assets at the end of 2023 were approximately ¥239.58 billion, an increase of 13.07% from ¥211.88 billion at the end of 2022[11]. - The total liabilities increased to CNY 150.08 billion from CNY 133.96 billion, marking an increase of around 11.93%[194]. - The company's asset-liability ratio increased to 69.96% from 69.24% year-on-year, reflecting a rise of 0.72%[181]. - The total current assets amounted to CNY 215.97 billion, up from CNY 195.42 billion, indicating a growth of about 10.65%[193]. Research and Development - Research and development expenses increased by 15.49% to ¥1,080,649,176.70 compared to the previous year[43]. - The company completed several major R&D projects, including the AI data platform and financial entity engine, aimed at enhancing service capabilities and operational efficiency[44]. - The R&D investment for 2023 was ¥1,080,649,176.70, with a significant increase in the ratio of R&D expenditure to total revenue compared to previous years[45]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.40 per 10 shares to all shareholders[2]. - The total cash dividend distributed was 924,991,378.08 CNY, with a cash dividend of 0.70 CNY per 10 shares based on a total share capital of 13,214,162,544 shares[118]. - The company has cumulatively distributed cash dividends exceeding 3.2 billion yuan and has issued over 13.6 billion shares since its listing[77]. Corporate Governance - The company emphasizes the importance of corporate governance to enhance long-term investment value, focusing on compliance and internal control systems[65]. - The company has established multiple communication platforms for investors, including a dedicated investor relations section on its website and various channels for direct communication[66]. - The board of directors has proposed to adjust the use of repurchased shares from employee stock plans to complete cancellation, pending shareholder approval[77]. Market Position and Strategy - The company is committed to advancing digital finance and integrating new technologies to enhance financial service capabilities[25]. - The company aims to enhance its product service capabilities through continuous upgrades of its AI-driven financial language model, "Miaoxiang"[60]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share within the next two years[103]. Risk Management - The company has acknowledged potential risks in its management and future development outlook, which are detailed in the report[2]. - Legal compliance is a priority, with the company enhancing its risk management framework to align with evolving regulations[72]. - The company prioritizes the security of its internet information transmission and trading systems to maintain user experience and brand reputation[68]. Employee and Management - The total number of employees at the end of the reporting period was 5,992, with 1,461 in the parent company and 4,531 in major subsidiaries[114]. - The company conducted over 700 training sessions covering nearly 2,000 courses, training more than 110,000 employees in 2023[117]. - The company has established a performance assessment and incentive mechanism for senior management, linking their compensation to company performance[124].