DZH(SH:601519)2016-04-28 16:00Financial Performance - In 2015, the company's operating revenue was RMB 651,341,061.02, a decrease of 20.61% compared to RMB 820,451,544.82 in 2014[20] - The net profit attributable to shareholders was a loss of RMB 456,016,604.74, representing a decline of 526.49% from a profit of RMB 106,924,126.07 in 2014[20] - The net assets attributable to shareholders decreased by 14.02% to RMB 2,603,094,092.68 at the end of 2015, down from RMB 3,027,427,414.64 in 2014[20] - Total assets decreased by 11.22% to RMB 2,895,145,254.97 at the end of 2015, compared to RMB 3,260,943,324.13 in 2014[20] - Basic earnings per share decreased by 524.07% to -0.229 CNY from 0.054 CNY in the previous year[21] - The weighted average return on equity dropped by 19.84 percentage points to -16.24% compared to 3.6% in the previous year[21] - The total profit was -43,238,160.00 CNY, with a net profit attributable to shareholders of -45,601,660.00 CNY[49] - The company achieved operating revenue of 651,341,061.02 CNY, a year-on-year decrease of 20.61%[52] - The company reported a net loss attributable to shareholders of RMB -456,016,604.74, with the parent company reporting a net loss of RMB -462,045,203.94[104] - The total distributable profit for the parent company at the end of 2015 was RMB -1,065,552,147.00, with no profit distribution or capital reserve increase planned for the year[104] Cash Flow and Investments - The company reported a cash flow from operating activities of RMB -328,257,123.55, an improvement of 38.16% from RMB -530,838,614.16 in 2014[20] - The net cash flow from operating activities for Q1 was -306,806,848.26 CNY, while Q2, Q3, and Q4 reported 43,112,611.32 CNY, -92,075,908.02 CNY, and 27,513,021.41 CNY respectively[23] - The net cash flow from operating activities decreased by 38.15%, amounting to -328,299,789.35, primarily due to the exclusion of Wuxi JunTai and Hangzhou Dacai from the consolidation scope and significant staff reductions[65] - The net cash flow from investing activities increased by 234.05%, reaching 502,483,655.47, mainly due to a decrease in cash paid for investments compared to the previous year and an increase in cash received from investments[66] - The net cash flow from financing activities decreased by 99.22%, totaling -866,743.23, primarily due to reduced cash payments for debt repayment and dividends compared to the previous year[66] Business Strategy and Operations - The company aims to enhance its internet financial service platform and expand its user base through improved user experience and service capabilities[30] - The company is focusing on three main business segments: internet financial services, big data services, and overseas operations[31] - The company is focusing on a strategic transformation towards a more specialized, lighter, and larger operational model[47] - The company plans to further integrate non-core businesses to achieve its strategic goal of transforming into a mobile internet financial platform[71] - The company is actively pursuing legal avenues to recover outstanding payments from the buyer of its stake in Hangzhou Dacai[67] - The company is positioned as a leader in the internet financial cloud platform sector, but faces risks from intensified industry competition and the need for continuous innovation[99] - The company is closely monitoring regulatory changes in the internet financial sector to ensure compliance and mitigate risks associated with evolving policies[99] Corporate Governance and Compliance - The company has received a standard unqualified audit report from its auditing firm, indicating the financial statements are accurate and complete[5] - The board is committed to improving corporate governance and operational standards, enhancing decision-making and risk management mechanisms[48] - The company has not faced any risk of suspension from listing during the reporting period[113] - The company has not received any administrative penalty decisions as of the report date, despite being under investigation by the China Securities Regulatory Commission[114] - The company has not disclosed any plans for the use of undistributed profits or future profit distribution strategies[107] - The company has committed to avoiding business competition with its own subsidiaries and affiliates to protect its operational interests[108] Shareholder Information - The controlling shareholder, Zhang Changhong, holds 1,104,792,657 shares, representing 55.58% of the total share capital[157] - Zhang Ting, the second-largest shareholder, owns 115,025,402 shares, accounting for 5.79% of the total shares[157] - The top ten shareholders include several institutional investors, with the largest being Zhang Changhong and Zhang Ting, who are siblings[157] - The report indicates that there are no restrictions on the reduction of shares for the shareholders[158] - The actual controller does not control the company through trusts or other asset management methods[156] Employee and Management Structure - The company employed a total of 1,936 staff, with 229 in the parent company and 723 in major subsidiaries[175] - The company has 1,110 technical personnel, 656 sales personnel, and 84 management personnel among its total workforce[175] - The company has implemented a series of welfare projects to enhance employee satisfaction and promote a positive corporate culture[176] - The company emphasizes the importance of employee training and development, implementing personalized training programs to enhance project management awareness and team collaboration efficiency during the transition to mobile internet financial products[177] Legal and Regulatory Matters - The company is under investigation by the China Securities Regulatory Commission for potential violations of securities laws, which may impact its operations[6] - The company has applied for a hearing and defense regarding the administrative penalty and market ban proposed by the regulatory authority[200]