JSZY(SH:600770)2016-04-15 16:00Financial Performance - In 2015, the company reported a net profit of -246,314,655.48 RMB, a decrease of 693.10% compared to the previous year[18]. - The total operating revenue for 2015 was 564,237,035.56 RMB, down 21.04% from 714,583,223.21 RMB in 2014[18]. - The net cash flow from operating activities decreased by 60.26%, amounting to 164,143,565.93 RMB in 2015[18]. - The company's net profit attributable to shareholders for 2015 was -246.31 million RMB, primarily due to significant asset impairment provisions, including goodwill impairment for internet lottery and mobile game companies[19]. - Basic earnings per share for 2015 was -0.1895 RMB, a decrease of 657.35% compared to the previous year[19]. - The weighted average return on equity decreased by 8.36 percentage points to -7.30% in 2015[19]. - Total operating income for the fourth quarter of 2015 was 174.11 million RMB, while the net profit attributable to shareholders was -270.02 million RMB[21]. - The company reported a net cash flow from operating activities of -41.38 million RMB for the first quarter of 2015[22]. - The company reported a net profit of RMB 41,854,502.00 from Shenzhen Yineda Financial Information Co., Ltd., which specializes in smart card production and sales[92]. - The net profit attributable to shareholders was a loss of CNY 24,631.47 million[65]. Asset Management - The company's total assets increased by 1.81% to 6,687,696,720.67 RMB at the end of 2015[18]. - The net assets attributable to shareholders decreased by 3.10% to 3,319,594,178.38 RMB at the end of 2015[18]. - The company's overseas assets amounted to 242,342.99 million RMB, accounting for 36.24% of total assets, primarily from solar power plants in Europe and the US[43]. - The company’s goodwill decreased to ¥426,596,243.82 (6.38% of total assets), down 18.85% from ¥525,714,595.64 (8.00%) due to impairment testing on subsidiaries[80]. - The total installed capacity of photovoltaic power stations at the end of the reporting period was 100.688 MW, down from 103.188 MW, with a total transaction amount of ¥2,090.84 million[82]. Business Strategy and Development - The company plans to adopt a prudent development strategy for its renewable energy business, focusing on the operation and maintenance of existing power plants[29]. - The company is developing 6 new mobile game products, with key titles including "Hero Slap" and "Beautiful Girl Alliance," aimed at expanding market influence and brand recognition[40]. - The company plans to leverage its internet lottery business to acquire a large number of mobile internet users, although this strategy is currently hindered by industry regulations[41]. - The company is actively monitoring policy changes in the internet lottery sector to position itself favorably for future market opportunities[103]. - The company is preparing for the resumption of its internet lottery business by enhancing user experience and exploring new business models during the regulatory pause[111]. Market Conditions - The mobile gaming market is becoming increasingly competitive, with Tencent holding over 50% market share and NetEase over 20%, putting native mobile game developers at a disadvantage[41]. - The Chinese lottery market experienced a decline in sales to 367.88 billion yuan in 2015, a year-on-year decrease of 3.8% due to the suspension of internet lottery sales[102]. - The solar energy industry is expected to continue growing in 2016, driven by government policies, despite challenges such as subsidy delays and land use issues[95]. - The global superconducting industry is projected to reach a value of $244 billion by 2020, with high-temperature superconductors accounting for 60%-70% of this market[96]. Research and Development - Research and development expenses rose by 126.76% to CNY 59,880.33 million, indicating a strong focus on innovation[67]. - The company’s proprietary GSC328X processor is a significant advancement in domestic information security, with applications in sensitive sectors like power and military[48]. - The company is actively pursuing the development of algorithm and non-algorithm chips, targeting the wearable and consumer electronics markets for new growth opportunities[110]. - The company’s high-temperature superconducting filter technology is the only one in China to achieve large-scale application, providing a competitive edge in communication quality and detection capabilities[46]. Corporate Governance - The auditing firm, Lixin Certified Public Accountants, has provided audit services for the company for 16 consecutive years[133]. - The company has not disclosed any new major related party transactions during the reporting period[137]. - The company has committed to not reduce its shareholding during the holding period and legal timeframe[129]. - The company has not faced any risks of suspension from listing during the reporting period[134]. - The company’s management evaluation mechanism includes comprehensive assessments based on annual operational responsibility targets[196]. Financial Management - The company provided funding to related parties totaling RMB 1,174,531,000, with a net balance of RMB 368,393,140 at the end of the period[139]. - The company has entrusted financial management with a total amount of RMB 385,793,197.53, all conducted by its controlling subsidiaries during the reporting period[143]. - The company issued a bond named "11 Zongyi Debt" with a total balance of 700 million RMB and an interest rate of 7.50%[199]. - The bond was issued on August 31, 2011, and is set to mature on August 31, 2016, with interest paid annually[199]. Employee and Management Information - The total number of employees in the parent company is 52, while the main subsidiaries employ 957, resulting in a total of 1,009 employees[184]. - The professional composition includes 444 production personnel, 124 sales personnel, 231 technical personnel, 63 financial personnel, and 147 administrative personnel[184]. - The company follows a performance-based salary system, aligning compensation with job value and performance assessments[185]. - A structured training system is in place to enhance the skills and knowledge of employees across different levels and positions[186].