Apex(SH:603383)2018-04-02 16:00Financial Performance - In 2017, the company achieved a total operating revenue of RMB 243,776,725.70, representing a year-on-year increase of 19.09% compared to RMB 204,692,488.71 in 2016[20]. - The net profit attributable to shareholders of the listed company for 2017 was RMB 101,908,339.29, an increase of 44.59% from RMB 70,481,586.16 in 2016[20]. - The net profit after deducting non-recurring gains and losses was RMB 87,646,870.42, which is a 25.59% increase compared to RMB 69,789,385.59 in 2016[20]. - The net cash flow from operating activities for 2017 was RMB 103,665,536.19, reflecting an 8.90% increase from RMB 95,193,528.98 in 2016[20]. - Basic earnings per share increased by 20.54% to CNY 1.35 in 2017 compared to CNY 1.12 in 2016[21]. - The weighted average return on equity decreased by 2.28 percentage points to 13.86% in 2017 from 16.14% in 2016[21]. - Total revenue for the fourth quarter reached CNY 113,356,654.40, with a net profit attributable to shareholders of CNY 64,263,636.66[23]. - The company reported a cash flow from operating activities of CNY 109,129,535.97 in the fourth quarter, indicating a strong recovery[23]. Assets and Liabilities - As of the end of 2017, the total assets of the company reached RMB 1,158,203,046.86, an increase of 83.44% from RMB 631,376,776.26 at the end of 2016[20]. - The net assets attributable to shareholders of the listed company increased to RMB 937,731,287.09, marking a significant growth of 98.70% from RMB 471,932,078.73 in 2016[20]. - The company's cash and cash equivalents decreased by 28.52% to 366.60 million RMB at the end of the period[60]. - Total liabilities stood at CNY 217,797,459.71, up from CNY 154,960,325.87, marking an increase of about 40.5%[196]. - The company's equity increased to CNY 940,405,587.15 from CNY 476,416,450.39, representing a growth of approximately 97.1%[196]. Dividends and Profit Distribution - The company proposed a cash dividend of RMB 5 per 10 shares (including tax) based on a total share capital of 85,867,000 shares[5]. - In 2017, the company distributed a total of 42,933,500 RMB in cash dividends, representing 42.13% of the net profit attributable to ordinary shareholders[85]. - The company has a cash dividend policy that mandates a minimum cash distribution of 10% of the distributable profit, with a proposed cash dividend of 5 RMB per 10 shares for 2017[82]. Business Strategy and Market Position - The company aims to expand its business in the financial sector, focusing on digital operations and wealth management services[29]. - The company has developed core technologies in various fields, including distributed trading middleware and real-time backup technology, which are key to maintaining long-term competitive advantages[34]. - The company has made significant progress in expanding its services to the trust, fund, and private equity sectors, acquiring influential clients such as Southern Fund and Huaneng Trust[40]. - The company is committed to becoming a core player in China's fintech sector by integrating innovative technologies with financial services[75]. - The company plans to invest in technologies such as cloud computing, big data, artificial intelligence, and blockchain to enhance its market presence in fintech[75]. Research and Development - Research and development expenses increased to CNY 49.77 million, a rise of 20.79% from the previous year[44]. - The company employed 286 R&D personnel, making up 34.09% of the total workforce[56]. - The software development revenue for 2017 was ¥194,687,735.03, accounting for 79.86% of the total revenue[182]. Governance and Compliance - The company emphasizes compliance with regulatory requirements to ensure transparency and accountability in its operations[90]. - The governance structure includes a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management team[120]. - The company has not reported any non-standard audit opinions from its accounting firm[91]. - The company has not faced any penalties from securities regulatory agencies in the past three years[160]. Shareholder Information - The total number of ordinary shares increased from 63,140,000 to 85,867,000, reflecting a change of 22,727,000 shares[126]. - The top shareholder, Yan Mengyu, holds 18,040,000 shares, representing 21.01% of the total shares[138]. - The company’s shareholders include major investors such as Fuzhou Aipai and Jinshi Investment, with significant amounts of restricted shares set to be released in May 2020[130]. Social Responsibility - The company actively participated in social responsibility initiatives, providing RMB 200,000 in support for educational and medical assistance in poverty alleviation projects[121].