BOCO(SH:600289)2015-03-31 16:00Financial Performance - The company's operating revenue for 2014 was approximately CNY 1.17 billion, representing a 5.09% increase compared to CNY 1.11 billion in 2013[22]. - The net profit attributable to shareholders for 2014 was CNY 97.87 million, an increase of 16.07% from CNY 84.31 million in 2013[22]. - The basic earnings per share for 2014 was CNY 0.1718, up 17.35% from CNY 0.1464 in 2013[23]. - The cash flow from operating activities for 2014 was CNY 223.36 million, reflecting a 4.84% increase from CNY 213.06 million in 2013[22]. - The overall non-operating income included government subsidies of 6,397,394.65, up from 4,171,785.50 in 2013[26]. - The company reported a significant decrease in investment cash flow, with a net cash flow from investment activities of CNY -266.26 million, down 62.82% year-on-year, primarily due to increased cash payments related to investment activities[60]. - The company achieved operating revenue of 1,172,038,986.69 CNY, a year-on-year increase of 5.09%[51]. - Net profit attributable to shareholders reached 9,787,000 CNY, reflecting a year-on-year growth of 16.07%[49]. - The company reported a total profit of ¥117,245,947.14, an increase of 19.7% from ¥97,901,653.73 in the previous period[197]. Assets and Liabilities - The total assets at the end of 2014 were approximately CNY 2.80 billion, a decrease of 3.30% from CNY 2.89 billion at the end of 2013[22]. - The company's total current assets reported as CNY 1,938,093,618.45 as of December 31, 2014, down from CNY 2,052,249,782.41 at the beginning of the year, representing a decrease of approximately 5.5%[189]. - The company's cash and cash equivalents decreased to CNY 869,496,207.28 from CNY 1,049,114,279.42, reflecting a decline of about 17.2%[189]. - Total liabilities decreased from ¥965,675,858.91 to ¥814,091,165.47, a reduction of approximately 15.7%[194]. - Total equity attributable to shareholders increased from ¥1,875,970,939.93 to ¥1,939,554,538.98, an increase of approximately 3.4%[191]. Research and Development - Research and development expenditures totaled 130,478,443.59 CNY, accounting for 11.13% of operating revenue[56]. - The company increased R&D investment, with research phase expenditures of CNY 10.50 million and development phase expenditures of CNY 119.98 million, totaling 76 R&D projects, of which 53 were successful by year-end, resulting in intangible assets of CNY 65.54 million[59]. - The company is focusing on mobile payment growth, launching the e-lecharge app for public transport, and partnering with major financial platforms[46]. - The company is advancing its research on OSS cloudification and LTE network management, increasing R&D efforts in these areas[39]. - The company has established a large software R&D center dedicated to developing technologies that can be industrialized within 3-5 years, ensuring its competitive edge[77]. Market Strategy and Expansion - The company invested in innovative businesses such as smart cities and big data, leveraging national policies to enhance new business planning and development[30]. - The company aims to enhance product quality and customer perception while focusing on LTE network management and big data applications[34]. - The company plans to expand into emerging fields such as cloud security and government security cloud solutions, focusing on product development[34]. - The company is actively pursuing international market opportunities through collaborations with firms like Huawei[34]. - The company is exploring potential mergers and acquisitions to enhance its market position and technological capabilities[138]. Corporate Governance and Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[3]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[161]. - The company has implemented an insider information management system to ensure compliance with regulations and maintain confidentiality[163]. - The company held one annual and one temporary shareholders' meeting during the reporting period, ensuring compliance with governance regulations[158]. - The board of directors underwent a successful re-election, currently comprising 10 members, including 4 independent directors[158]. Social Responsibility and Compliance - The company has actively fulfilled its social responsibilities while pursuing economic benefits[103]. - There were no significant environmental protection issues reported as the company operates in the computer software and services industry[100]. - The company has not been subject to any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[115]. - The company has no significant litigation or arbitration matters pending[104]. Shareholder Information - The total number of shareholders as of the end of the reporting period was 49,280, a decrease from 49,505 five trading days prior to the report[127]. - The largest shareholder, Yiyang Group Co., Ltd., holds 131,397,064 shares, representing 23.16% of total shares, with 130,720,000 shares pledged[128]. - The company’s shareholding structure includes both limited and unlimited tradable shares, with the latter comprising 99.27% of the total[123]. - The company’s restricted stock incentive plan was implemented, affecting various shareholders, with all restricted shares set to be unlocked on July 24, 2014[126].