Shenzhen Seg (SZ:000058)2018-04-23 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.55 RMB per 10 shares to all shareholders, based on a total of 1,235,656,249 shares[4]. - A cash dividend of RMB 0.55 per 10 shares was proposed, amounting to a total distribution of RMB 67,953,437.45, which represents 100% of the profit distribution for the year[135]. - The cash dividend for 2017 is set at RMB 0.55 per 10 shares, amounting to a total cash dividend of RMB 67,961,093.70, which represents 100% of the profit distribution[141]. - The cash dividend payout ratio increased from 15.07% in 2016 to 30.95% in 2017[141]. - The company achieved a net profit attributable to shareholders of RMB 169,074,330.91 for the year 2017, with a total distributable profit of RMB 315,416,757.49 after accounting for retained earnings[135]. Financial Performance - The company's operating revenue for 2017 was CNY 1,981,307,558.23, representing a 44.51% increase compared to CNY 1,371,044,982.11 in 2016[20]. - The company achieved total revenue of 2,030.44 million yuan in 2017, representing a year-on-year growth of 39.11%[38]. - The total profit for the year was 428.26 million yuan, an increase of 2.72% compared to the previous year[38]. - The company reported a total revenue of 5,255 million yuan for the year 2017, reflecting a growth of 200.0% compared to the previous year[80]. - The company reported a total revenue of 5,521 million yuan for the year 2017, showing a slight increase from 5,497 million yuan in 2016, representing a growth of 0.44%[90]. - The company reported a total revenue of 1,480.57 million CNY for the year 2017, with a significant increase compared to the previous year[175]. Asset Management and Investments - The company completed a major asset restructuring, acquiring 100% of Seg Group's equity in Seg Chuanghui, 55% in Seg Kangle, 100% in Seg Property Development, and 79.02% in Seg Real Estate, enhancing market scale and profitability[29]. - The company issued 450,857,239 shares to acquire four target assets from its controlling shareholder, which required retrospective adjustments to financial statements[19]. - The company has a long-term investment plan with a projected return of 0.00% for the acquired assets[75]. - The company reported a total investment of 2,597 million yuan in the acquisition of a liquor store chain, achieving a 100% ownership[76]. - The company has invested 400 million yuan in a new energy project, with a 50% ownership stake[76]. Revenue Sources and Segments - The electronic market and property leasing services generated revenue of 905.29 million yuan, up 14.13% year-on-year[42]. - Revenue from real estate development reached 883.60 million yuan, a significant increase of 255.24% compared to 2016[50]. - The commercial real estate business saw a significant revenue increase of 255.24%, reaching 883.60 million yuan, primarily due to growth in real estate sales[45]. - The company maintained a property rental rate of 99% across its various properties, indicating stable performance in property leasing services[41]. - The small loan business generated revenue of 49.14 million yuan in 2017, a decrease of 44.50% compared to the previous year[46]. Strategic Direction and Future Plans - The company aims to become a leader in high-end manufacturing and services by leveraging innovative business models and strategic mergers and acquisitions[30]. - The company is actively exploring new business areas such as new energy, e-sports, and creative industries, forming strategic partnerships with companies like Longyan Energy Technology and Wangyu Technology[38]. - The company is focusing on a diversified development strategy in commercial real estate, integrating culture, sports, finance, and technology[38]. - The company is committed to enhancing its technological capabilities through ongoing research and development efforts, with a budget of 1,020 million yuan allocated for innovation[79]. - The company plans to expand its market presence by entering three new regions in 2018, aiming for a 15% increase in market share[199]. Corporate Governance and Compliance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting the importance of investment risk awareness[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management, ensuring accountability[3]. - The company has committed to ensuring financial independence and compliance with regulations post-restructuring[142]. - The company will not engage in any activities that may harm the interests of its subsidiaries or related companies within its operational area[145]. - The company will ensure that the restructured entities can independently make financial decisions and will not interfere with their fund usage[145]. Market Position and Competition - The electronic professional market is facing intensified competition, leading to a price war that may reduce rental income and operational difficulties[121]. - The company is focusing on enhancing customer engagement through digital platforms, aiming for a 25% increase in user interaction[199]. - The company is expected to maintain its current market position without significant changes in strategy for the upcoming year[179]. - The competition in the new energy sector is intensifying, with an oversupply of photovoltaic components and the elimination of outdated production capacity expected[121]. - The company aims to accelerate the integration of resources such as business, personnel, and capital to align with the strategic emerging industry development platform[123]. Legal and Regulatory Matters - The company has not faced any administrative or criminal penalties in the last five years, ensuring compliance with regulatory standards[157]. - The company is involved in multiple ongoing legal disputes, including a case against Shenzhen Yichentian Technology Co., with a claim amount of 1,534.5 million CNY[175]. - The company has recognized a provision for expected liabilities amounting to 66.67 thousand yuan due to a court ruling against it[173]. - The company has resolved a loan dispute with a related party, recovering the principal amount of 1,900.08 thousand yuan[174]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[163].