ArcSoft(688088)2024-04-18 12:20Share Capital and Profit Distribution - The total share capital of the company as of April 18, 2024, is 406,000,000 shares, with a proposed cash dividend distribution of 88,160,908.00 RMB, accounting for 99.63% of the net profit attributable to shareholders for the year 2023[2]. - The profit distribution plan for 2023 proposes a cash dividend of 2.20 RMB per 10 shares (including tax), with no capital reserve fund conversion to share capital or bonus shares[14]. - The company plans to distribute cash dividends totaling 88,160,908.00 yuan, which accounts for 99.63% of the net profit attributable to shareholders for the year 2023[63]. - The total share capital of the company is 406,000,000 shares, with 5,268,600 shares held in the repurchase special securities account[63]. - The company does not plan to issue new shares or bonus shares as part of its profit distribution strategy[14]. Financial Performance and Audit - The company has not achieved profitability since its listing, as stated in the report[12]. - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[13]. - The company reported a total of 491,969,600 RMB in bank wealth management products from its own funds[163]. - The company reported a total of 70,827,000 RMB in fixed income from a bank wealth management product with a 5.00% interest rate[164]. - The company has not faced any penalties or regulatory issues during the reporting period[160]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company does not have any special arrangements for corporate governance or significant issues that violate decision-making procedures[39]. - The company’s management team guarantees the authenticity, accuracy, and completeness of the annual report, taking legal responsibility for any misrepresentation[33]. - The company has committed to strict compliance with legal and regulatory requirements for information disclosure, ensuring transparency and fairness for all investors[120]. - The company has committed to minimizing related party transactions and ensuring fair pricing in any unavoidable transactions[141]. Risk Management and Future Outlook - The company has faced potential risk factors during its operations, as detailed in the report[12]. - The company’s future plans and strategic developments are subject to market risks, and investors are advised to maintain awareness of these risks[38]. - The company has a long-term positive outlook on its industry and intends to hold its shares for the foreseeable future[151]. Employee Welfare and Engagement - The company emphasizes a comprehensive employee welfare system, including five insurances and one fund, paid annual leave, holiday benefits, and health management[57]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[65]. - The company emphasizes the importance of fair and transparent recruitment processes, maintaining a standardized approach to hiring[113]. Research and Development - The company focuses on visual artificial intelligence technology development and application, providing one-stop solutions for smart devices globally[70]. - The primary profit model is based on technology licensing, allowing the company to leverage high R&D talent without direct manufacturing involvement[72]. - The company plans to launch the PhotoStudio® AI personal terminal application in 2024, expanding its AIGC product matrix and exploring AI technology applications in more smart devices and scenarios[190]. - The company will maintain high investment in R&D in 2024, focusing on exploring new technology fields and ensuring that R&D outcomes align with market demands[192]. - The company aims to drive further upgrades through technological and market development innovations in the visual AI field[190]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, although specific tonnage reductions were not disclosed[76]. - The company generated no industrial wastewater, with all wastewater being treated municipal sewage[75]. - The company actively engages in social responsibility initiatives, including a donation of 70,000 yuan to support children in mountainous areas through educational activities[110]. - The company emphasizes ESG practices and aims to enhance its contributions to sustainable development and social responsibility[71]. Shareholder and Management Information - The total number of shares held by the chairman and CEO, Hui Deng, remained at 0, with a pre-tax remuneration of ¥2.65 million for the reporting period[179]. - The total number of shares held by the COO, Xiangxin Bi, also remained at 0, with a pre-tax remuneration of ¥3.18 million for the reporting period[179]. - The total number of shares held by the CTO, Wang Jin, remained at 0, with a pre-tax remuneration of ¥3.02 million for the reporting period[179]. - The total number of shares held by the CMO, Xu Jian, remained at 0, with a pre-tax remuneration of ¥3.00 million for the reporting period[179]. - The total pre-tax remuneration for all listed directors, supervisors, and senior management personnel amounted to ¥16.41 million for the reporting period[182]. Legal Matters - ArcSoft US and Hui Deng (邓晖) were ordered to pay $9.706 million in damages due to negligence in a court ruling[159]. - The company has retained the right to appeal the initial court ruling regarding the lawsuit[159]. - The company has no significant litigation or arbitration matters reported for the year, indicating a stable legal standing[158]. Investor Relations - The company held three earnings briefings in 2023, on June 19, September 6, and November 24, to discuss its performance[88]. - The company has expanded its investor relations through new media platforms, enhancing communication with investors[88]. - The company held one shareholder meeting during the reporting period, engaging with institutional investors to improve corporate governance[126].