Market Position and Services - Kingdee has maintained the largest market share in the enterprise application software sector for fast-growing enterprises for 14 consecutive years[4] - The company has also secured the largest share in the enterprise-grade SaaS Cloud services industry for the second year[4] - Kingdee provides services and products to over 6.8 million enterprises and government agencies globally[4] - The company offers a diverse range of Cloud services, including "Kingdee Cloud Cosmic" and "Kingdee Cloud Galaxy," targeting large and fast-growing enterprises respectively[4] - Kingdee's Cloud services are preferred by leading enterprises, indicating strong market demand[4] - Kingdee's Cloud business has been recognized as the largest share in China's enterprise-grade SaaS, SaaS ERM, and Financial Cloud markets for two consecutive years according to IDC[20] - Kingdee has maintained the largest share in the ERP sector for fast-growing enterprises for 14 consecutive years and has held the biggest share in the enterprise-grade SaaS Cloud services industry for 2 consecutive years[148] - Kingdee's Cloud services include various platforms such as Kingdee Cloud – Cosmic, Kingdee Cloud-Galaxy, and Kingdee Jingdou Cloud, catering to different enterprise needs[148] Financial Performance - The total revenue of Kingdee and its subsidiaries increased by 21.9% year-on-year, reaching RMB 2,808,658,000 in 2018[8] - Revenue from Kingdee Cloud surged by 49.5% compared to the previous year[17] - Profit attributable to owners of the Company rose to RMB 412,106,000, up from RMB 310,004,000 in 2017[8] - Basic earnings per share increased to RMB 13.19, compared to RMB 11.04 in 2017, reflecting a growth of 19.5%[8] - The gross profit for 2018 was RMB 2,294,319,000, showing a significant increase from RMB 1,876,484,000 in 2017[15] - Total assets reached RMB 7,578,553,000, up from RMB 6,802,058,000 in 2017[15] - Non-current assets increased to RMB 4,419,040,000, compared to RMB 3,268,476,000 in 2017[15] - The total equity attributable to owners of the Company was RMB 5,466,060,000, an increase from RMB 3,995,341,000 in 2017[15] - Revenue from the ERP business amounted to RMB 1,959,402,000, up by 12.9% year-on-year[27] - Revenue from Cloud services increased by 49.5% year-on-year to RMB 849,256,000, contributing 30.2% to the total revenue[27][26] Strategic Initiatives and Partnerships - Kingdee aims to promote the reconstruction of the value chain and enhance the advantages of the industrial Internet[16] - Kingdee has positioned itself as a strategic partner in the "Promoting Cloud Adoption by One Million Enterprises" initiative[20] - Kingdee established strategic partnerships with major companies like Alibaba and China Mobile, launching products that received positive market feedback[107] - Kingdee leveraged the Belt and Road Initiative to expand its cloud business in the Asia Pacific market, signing agreements with various local financial institutions[101] Research and Development - Kingdee's commitment to innovation is reflected in its development of various Cloud service platforms tailored for different business sizes[4] - Total research and development costs were RMB500,301,000, reflecting a year-on-year increase of 23.9%, with capitalized amounts at RMB379,237,000, up by 6.9%[33] - The Group's focus on high-potential talent development was prioritized by management during the year[128] Corporate Governance and Leadership - The company has a strong executive team, including Mr. Xu Shao Chun as Chairman and CEO, and Mr. Lin Bo as CFO[6] - The board's diverse expertise in technology, finance, and management positions the company well for future growth and innovation[139] - The emphasis on independent directors enhances corporate governance and aligns with best practices in the industry[145] Social Responsibility and Community Engagement - Kingdee donated one-thousandth of its revenue from Cloud services to the "Teach for China" public welfare project, promoting social responsibility[128] - The Group made charitable and other donations amounting to approximately RMB4,000,000 during the year ended 31 December 2018[155] Market Trends and Growth - The overall market size of China's public Cloud services industry exceeded US$3 billion in the first half of 2018[88] - Kingdee's project and consultancy-based business generated revenue of RMB2,185,700,000, representing a year-on-year increase of 24.9%[90] - The public cloud channel revenue increased by nearly 200%, with the number of public cloud distribution customers exceeding 2,000 and billing partners reaching 445, up 83% year-on-year[100] Financial Assets and Investments - The Group's financial assets at fair value through profit or loss increased to RMB638,886,000 as of 31 December 2018, compared to RMB6,286,000 at the end of 2017[42] - The Group's investments in wealth management products totaled RMB 288,347,000 in 2018, with an expected return rate of 3% to 5%[45][46] - The Group's investment strategy focuses on low-risk products with annualized interest rates above regular bank deposit rates[46] Shareholder Information - The Board recommended a final dividend of RMB1.00 cent per share for the year ended 31 December 2018, down from RMB1.30 cents in 2017[153] - The company purchased 34,579,000 shares for an aggregate consideration of approximately HKD 253,375,000 during the year ended December 31, 2018[156] - As of December 31, 2018, the total issued shares of the company were 3,300,185,396[185]
金蝶国际(00268) - 2018 - 年度财报