Join-Cheer(SZ:002279)2014-03-24 16:00Financial Performance - The company reported a total revenue of 100 million RMB for the fiscal year 2013, reflecting a year-on-year growth of 15%[21]. - The company achieved a total revenue of 289.55 million yuan in 2013, representing a year-on-year increase of 17.07%[28]. - Net profit attributable to shareholders reached 59.43 million yuan, a significant increase of 204.27% compared to the previous year[28]. - The company achieved a net profit of ¥59,706,368.94 for the year ended December 31, 2013[90]. - The total distributable profit for the year is ¥192,291,951.16 after deducting cash dividends of ¥17,579,530.50[90]. - Basic earnings per share increased to CNY 0.3381 from CNY 0.1111, reflecting a significant improvement in profitability[182]. - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[186]. - The net cash flow from operating activities increased to ¥72,100,949.70, up from ¥42,588,215.80 in the previous period, representing a growth of 69.6%[188]. Dividend Distribution - The company plans to distribute a cash dividend of 1.80 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[4]. - A cash dividend of ¥1.8 per 10 shares (including tax) is proposed, totaling ¥31,643,154.90 to be distributed to shareholders[90]. - After the dividend distribution, the retained earnings balance will be ¥160,648,796.26[90]. Risks and Challenges - The company does not foresee any significant risks affecting its normal operations, with primary risks including market risk, human resources risk, and seasonal performance fluctuations[13]. - The company faces market risks due to increasing competition from emerging industries and the traditional software sector's slower growth[84]. - The company has experienced significant fluctuations in performance due to seasonal variations in its business types and customer characteristics[84]. Business Development and Strategy - The company is focused on expanding its product offerings, including the Development and Application (DNA) platform for business system solutions[9]. - The company is actively developing its Government Management Service (GMS) to enhance public financial management for government departments[9]. - The company plans to expand its electronic government services and enhance its product offerings in 2014[32]. - The company is focusing on high-end applications in group control, with solutions showing strong market competitiveness in various industries[34]. - The company plans to deepen product integration and increase investment in new businesses, establishing dedicated divisions for big data and electronic government[80]. - The company is actively exploring mergers and acquisitions to deepen business structure adjustments and create value for shareholders[79]. Research and Development - The total R&D expenditure for 2013 was CNY 116,267,716.95, an increase of 9.55% compared to CNY 106,131,652.28 in 2012[50]. - The proportion of R&D expenditure to net assets rose to 16.38% from 15.88% year-on-year, while the proportion to operating income decreased to 40.16% from 42.91%[50]. - The company’s "久其DNA" platform has been continuously updated, enhancing its functionality, security, and efficiency, thereby strengthening the company's product development capabilities[36]. Financial Position - The company's total assets increased by 8.08% to 762.32 million yuan by the end of 2013[28]. - The company's total liabilities amounted to RMB 52,473,326.05, up from RMB 37,021,538.82, indicating a significant increase of approximately 41.5%[175]. - The total equity attributable to shareholders reached RMB 708,750,252.99, compared to RMB 666,895,880.53 at the beginning of the year, representing an increase of about 6.3%[175]. - Cash and cash equivalents at the end of the period were RMB 234,712,889.08, slightly up from RMB 231,128,801.80, showing a marginal increase of 2.4%[173]. Corporate Governance - The company has established a comprehensive IT service system, covering over 30 regions nationwide, enhancing service efficiency and user satisfaction[63]. - The company has implemented a standardized management approach across its branches, ensuring a systematic service network that meets localized user demands[63]. - The company has a structured remuneration system based on performance evaluation and job responsibilities for its directors and senior management[119]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[147]. Employee Management - As of December 31, 2013, the total number of employees (including subsidiaries) was 1,275[125]. - Technical personnel accounted for 76.86% of the total workforce, with 980 individuals[125]. - The company has established a comprehensive training system to enhance employee skills across various levels and positions[129]. Audit and Compliance - The company received a standard unqualified audit opinion for its financial statements, confirming compliance with accounting standards[166]. - The company has not experienced any insider trading incidents or regulatory violations during the reporting period[137]. - The company has improved its investor relations management in response to regulatory guidance, ensuring the protection of investors' rights[136].