Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[1]. - In 2018, the company achieved total revenue of RMB 155.529 million, representing a growth of approximately 26.67% compared to RMB 122.739 million in 2017[9]. - The gross profit for 2018 was RMB 102.006 million, an increase of about 30.16% from RMB 78.376 million in 2017[9]. - The financing leasing business generated revenue of RMB 863.9 million, up approximately 21.47% from RMB 711.2 million in the previous year[25]. - The factoring business saw a significant increase in revenue to RMB 209.7 million, a rise of approximately 207.47% from RMB 68.2 million in 2017[26]. - The consulting services segment reported revenue of approximately RMB 174.7 million, which is an increase of about 9.32% from RMB 159.8 million in the prior year[27]. - The group's revenue for the reporting period was approximately RMB 155.53 million, an increase of about 26.72% compared to RMB 122.74 million in the same period last year[32]. - Gross profit for the reporting period was approximately RMB 102.01 million, representing a 30.15% increase from RMB 78.38 million year-on-year[33]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching 500,000 users by the end of the fiscal year[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 15%[1]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[1]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on enhancing technology and user experience[1]. Research and Development - The company is investing 100 million RMB in research and development for new technologies aimed at improving operational efficiency[1]. Sustainability and Corporate Responsibility - The management highlighted a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[1]. - The company has complied with all statutory social insurance and housing fund obligations applicable under Chinese law during the reporting period[51]. Financial Structure and Risk Management - The company plans to diversify its funding sources and optimize its financial structure to control and reduce the cost of capital[19]. - The company aims to enhance its risk management and asset management capabilities in response to tightening liquidity conditions[19]. - The company has established a tailored risk management system focusing on comprehensive customer due diligence, independent information review, and multiple approval processes to manage various risks[127]. - The board of directors reviewed the effectiveness of the risk management and internal control systems, concluding that they are effective and appropriate in all material aspects[128]. Corporate Governance - The board of directors confirmed that all financial statements are accurate and complete, ensuring transparency and accountability[1]. - The company has been adhering to the corporate governance code and principles throughout the reporting period, ensuring high quality and transparency[84]. - The company has established a comprehensive internal process and disclosure policy to ensure timely and accurate disclosure of inside information, adhering to the guidelines set by the Securities and Futures Commission[117]. - The company has adopted a code of conduct that meets or exceeds the trading standards outlined in GEM Listing Rules, ensuring compliance by all directors and supervisors during the reporting period[107]. Employee and Management Information - The total employee cost was approximately RMB 281.5 million, an increase from RMB 219.1 million in the previous year, reflecting a growth of about 28.4%[51]. - The company had 134 employees as of December 31, 2018, compared to 101 full-time employees in the same period last year, indicating a growth in workforce of approximately 32.7%[51]. - The company has maintained competitive compensation for its employees, with salary levels determined based on performance, qualifications, experience, and market conditions[51]. Shareholder Information - A final dividend of RMB 0.05 per share (tax included) has been proposed for shareholders[22]. - The company proposed a final dividend of RMB 0.05 per share, totaling RMB 17.967 million, subject to approval at the annual general meeting on April 25, 2019[59]. Customer and Supplier Relations - The group generated total sales to the top five customers accounting for 21.09% of total revenue, down from 34.57% in 2017[169]. - The largest customer contributed 8.92% of total sales, a decrease from 10.71% in 2017[169]. - Total purchases from the top five suppliers represented 16.36% of total procurement, down from 20.08% in 2017[169]. - The largest supplier accounted for 4.98% of total purchases, a decrease from 5.89% in 2017[169]. - There were no recorded customer complaints during the reporting period, indicating high customer satisfaction[180].
富银融资股份(08452) - 2018 - 年度财报