ST中嘉(000889) - 2015 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2015 was CNY 2,215,867,433.47, representing a 15.41% increase compared to 2014[16]. - The net profit attributable to shareholders for 2015 was CNY 153,603,203.01, a 55.54% increase from the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 155,400,582.05, up 58.99% year-on-year[16]. - The total assets at the end of 2015 reached CNY 3,393,160,730.32, a 20.72% increase from 2014[16]. - The company reported a net cash flow from operating activities of CNY 140,662,777.62, down 28.01% from the previous year[16]. - The basic earnings per share for 2015 was CNY 0.2470, reflecting a 15.10% increase compared to 2014[16]. - The company's total revenue for 2015 saw a year-on-year increase of 15.41%, with a comparable growth rate of 13.10%[43]. - The net profit for 2015 increased by 55.54% compared to the previous year, with a total profit of 310.20 million yuan[45]. - The gross margin for the main business after transformation was 24.87%, compared to 20.52% for the exited retail and real estate businesses[40]. Business Transformation - The company completed a transformation from a focus on department store retail to information transmission and communication network maintenance during the reporting period[13]. - The company exited the retail and real estate businesses, focusing on information transmission and communication network maintenance[21]. - The company has exited the fluctuating retail sector and underperforming real estate business, focusing on the communication technology service sector[75]. - The company aims to focus on information intelligent transmission services and communication network maintenance services as its main business directions moving forward[88]. Acquisitions and Disposals - The company’s major asset acquisition in 2015 involved acquiring 100% equity of Guangdong Changshi Communication Technology Co., Ltd[9]. - The company’s major asset disposal in 2015 involved selling 100% equity of Qinhuangdao Maoye Holdings Co., Ltd[9]. - The company completed the acquisition of 100% equity in Changshi Communication during the reporting period[21]. - The company completed the acquisition of 100% equity of Changshi Communication for a cash payment of RMB 1.2 billion, which was finalized on November 1, 2015[36]. - The company sold 100% equity of Maoye Holdings for a transaction amount of RMB 1.4058757 billion, with the transaction completed in January 2016[37]. Risks and Challenges - The company faced potential risks including goodwill impairment, increased customer concentration in information services, and competition in communication network maintenance technology[6]. - The company faces risks related to goodwill impairment, with goodwill accounting for 51.25% of total assets as of the reporting period[98]. - The concentration of customers is increasing, with the top five customers accounting for 28.0% of revenue in 2015, up from 23.18% in 2012[99]. Research and Development - The company’s R&D efforts have expanded into mobile internet software development, generating revenue of CNY 5,164.30 million in the current period[53]. - Research and development personnel increased significantly to 734, representing a 3,395.24% increase from 21 in the previous year[60]. - Total R&D investment amounted to CNY 51.49 million, reflecting a 48.62% increase from CNY 34.64 million in the previous year[60]. - The proportion of R&D investment to operating revenue rose to 2.32%, an increase of 0.52 percentage points from 1.80%[60]. Cash Dividends - The company reported a cash dividend of 0.25 RMB per 10 shares (including tax) based on the total share capital as of December 31, 2015[6]. - In 2015, the company distributed cash dividends totaling 15,545,669.65 CNY, which is 10.12% of the net profit attributable to shareholders[105]. - The total distributable profit for 2015 was 438,445,838.09 CNY after accounting for previous year’s dividends and reserves[109]. - The company has maintained a consistent cash dividend policy, prioritizing cash dividends to ensure stability and continuity[109]. Governance and Compliance - The company’s board of directors and supervisory board confirmed the accuracy and completeness of the annual report[4]. - The company has ensured that related party transactions are conducted at fair market prices[111]. - The company has committed to enhancing its technical capabilities and service quality to maintain competitive advantages in the telecom maintenance sector[101]. - The company has established a framework for independent governance structures to separate its operations from those of controlling entities[112]. Market Position and Future Plans - The company has established long-term partnerships with telecom operators, enhancing its competitive position in the information transmission sector[28]. - The company aims for a revenue target of 720 million for 2016, representing an approximate increase of 38.46% compared to 2015[94]. - The net profit target for 2016 is set at 90 million, which is about a 14.02% increase from 2015[94]. - The company plans to maintain a reasonable increase in costs and expenses in 2016, ensuring they do not exceed revenue growth[94].