BGCTV(SH:600037)2016-03-31 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 672,760,782.14 in 2015, representing an 18.29% increase compared to 2014[3]. - Total operating revenue for 2015 was RMB 2,568,067,842.25, reflecting a 4.14% growth from the previous year[20]. - The net cash flow from operating activities was RMB 1,320,757,597.10, which is a 10.30% increase year-on-year[20]. - The company's total assets increased by 34.13% to RMB 14,021,237,848.25 at the end of 2015[20]. - The net assets attributable to shareholders rose by 83.33% to RMB 11,529,982,712.40[20]. - Basic earnings per share for 2015 were RMB 0.5934, up 10.73% from RMB 0.5359 in 2014[21]. - The company reported a significant increase of 131.14% in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching RMB 300,315,711.36[20]. - The weighted average return on net assets was 8.99%, a decrease of 0.45 percentage points from the previous year[21]. - The company reported total operating revenue of RMB 2,767,273,842.25 for the year 2015, with a quarterly breakdown showing Q4 revenue at RMB 887,265,205.33, the highest among the quarters[24]. - Net profit attributable to shareholders for the year was RMB 673,760,780.44, with Q4 net profit reaching RMB 242,012,882.68, marking a significant increase[24]. User Growth and Market Position - The company had 5.68 million cable TV registered users and 4.6 million HD interactive digital TV users by the end of 2015, leading the nation in user numbers[32]. - By the end of 2015, the registered user count reached 5.68 million, with a net increase of 180,000 users; the number of HD interactive users was 4.6 million, adding 400,000 users[44]. - The company has cumulatively opened 5.6 million two-way network users, representing a significant portion of the national two-way network user base[34]. Investment and Financial Strategy - The company raised approximately RMB 3.3 billion through a private placement, significantly impacting total assets and equity attributable to shareholders[37]. - The company completed a non-public offering of CNY 3.3 billion, significantly enhancing its financial strength for resource integration and new media business development[43]. - The company has committed to using its own funds to increase its holdings in the company stock by 100 million RMB within 12 months, with a restriction on selling these shares for 6 months after the purchase[90]. - The company has engaged in various related party transactions, including receiving service fees totaling 14,446,989.83 RMB from Ding Shi Digital Television Media Co., Ltd., which accounts for 1.55% of similar transactions[95]. Research and Development - The company’s R&D expenditure increased by 23.89% to CNY 38.07 million, indicating a commitment to innovation[51]. - The company is investing 50 million in research and development for new technologies aimed at enhancing user experience[151]. Cash Flow and Liquidity - The company reported a net cash inflow of 2,731 million yuan for 2015, an increase of 2,177 million yuan, representing a growth of 392.55% year-on-year, mainly due to approximately 3.3 billion yuan raised from a private placement[61]. - The company’s cash outflow for the year was 3,441 million yuan, an increase of 1,277 million yuan, representing a growth of 59.03% compared to the previous year[61]. - The total cash and cash equivalents at the end of the period reached ¥6,777,448,400.91, up from ¥4,045,985,424.51, representing an increase of approximately 67.5%[193]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 250,520,019.12 for the year[3]. - The profit distribution plan for 2015 includes a cash dividend of 1.80 RMB per 10 shares, totaling 250,520,019.12 RMB, which represents 37.24% of the net profit attributable to shareholders[86]. - In 2014, the cash dividend was also 1.80 RMB per 10 shares, amounting to 191,482,828.38 RMB, accounting for 33.67% of the net profit attributable to shareholders[86]. Corporate Governance - The company has a structured governance framework with independent directors and a supervisory board[149]. - The governance structure operates in compliance with regulatory requirements, ensuring shareholder rights are upheld[162]. - The company has retained the same accounting firm for 17 years, with an audit fee of 145,000 RMB for the current period[92]. Future Plans and Strategic Direction - The company aims to transition from a traditional cable TV provider to a comprehensive service provider, enhancing its competitive edge in the market[33]. - The company plans to enhance network infrastructure and technology support, including the completion of DOCSIS 3.0 upgrades and fiber-to-the-home renovations[77]. - The company is focused on developing new media services, including a nationwide operation of the "China Television Line" and the introduction of 4K content channels[79]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 200 million allocated for potential deals[150]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 2,841, with 2,806 in the parent company and 35 in subsidiaries[156]. - The company has a diverse management team with extensive experience in various sectors, including media, finance, and administration[149]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 10.3261 million[154].