AVIT(SZ:300264)2016-04-25 16:00Profit Distribution and Financial Performance - The company reported a profit distribution plan, proposing to distribute 0 cash dividends and 0 bonus shares, while increasing capital reserves by 8 shares for every 10 shares held[4]. - The company has a total of 229,500,000 shares as the basis for the profit distribution plan[4]. - The company's operating revenue for 2015 was ¥146,037,777.96, a decrease of 2.59% compared to ¥149,927,858.09 in 2014[17]. - The net profit attributable to shareholders for 2015 was ¥7,166,899.02, down 62.04% from ¥18,878,031.71 in 2014[17]. - The net profit after deducting non-recurring gains and losses was ¥2,633,400.83, a decline of 79.75% from ¥13,006,847.21 in 2014[17]. - The net cash flow from operating activities was negative at -¥1,295,891.28, a decrease of 111.48% compared to ¥11,286,071.21 in 2014[17]. - The total assets at the end of 2015 were ¥662,863,754.42, a decrease of 1.30% from ¥671,613,985.95 at the end of 2014[17]. - The net assets attributable to shareholders at the end of 2015 were ¥609,336,052.77, down 1.81% from ¥620,569,337.23 at the end of 2014[17]. - The company reported a basic earnings per share of ¥0.03, a decrease of 62.50% from ¥0.08 in 2014[17]. - The weighted average return on equity was 1.17%, down from 3.06% in 2014, a decline of 1.89%[17]. - The company declared a cash dividend of RMB 0.80 per 10 shares for the 2014 fiscal year, with no capital reserve fund conversion into share capital[134]. - The total cash dividend amount for the year was RMB 0.00, indicating a focus on reinvestment rather than immediate shareholder returns[135]. - The company has not proposed any cash dividend distribution for 2015, despite having positive distributable profits[140]. - The net cash flow from operating activities for the year 2015 was -1,295,891.28 RMB, leading the company to decide not to distribute cash dividends for that year[136]. Risk Management and Compliance - The financial report guarantees the accuracy and completeness of the financial statements by the company's management[3]. - The company emphasizes the importance of reading the risk warnings related to future development in the report[4]. - The company is committed to ensuring the authenticity of the annual report content, with legal responsibility for any misleading statements or omissions[3]. - The company has appointed a reputable accounting firm to ensure compliance and accuracy in financial reporting[16]. - The company has not encountered any issues regarding the use and disclosure of raised funds during the reporting period[104]. - The company did not face any penalties or rectification issues during the reporting period[149]. - There were no major litigation or arbitration matters during the reporting period[148]. Research and Development - The company has a strong focus on R&D, with multiple patents related to digital TV technologies filed between 2010 and 2015[46]. - The company has 30 authorized patents, including 19 invention patents, 8 utility model patents, and 3 design patents, with 3 new patents authorized during the reporting period[44]. - The company holds a total of 132 software copyrights, with 21 new additions during the reporting period[47]. - The total R&D expenditure for the year was approximately $3.50 million, accounting for 23.98% of total revenue, with capitalized R&D expenses of $1.18 million, representing 33.56% of total R&D spending[83]. - The number of R&D personnel increased to 85, accounting for 46.70% of the total workforce, up from 46.07% in 2014[85]. - R&D investment amounted to ¥35,020,635.48, representing 23.98% of operating revenue, an increase from 21.66% in 2014[85]. - The company is actively pursuing opportunities in the digital television market, as evidenced by its diverse product offerings and continuous updates[48]. - The company plans to invest in R&D for virtual reality technologies, cloud platforms, big data applications, and smart operating systems (TVOS) to create new growth points[120]. Market and Product Development - The company engaged in the development of digital television systems and mobile internet content services, with key products including OTT business cloud platform and TVOS system[26]. - The company plans to enhance its market presence in virtual reality and online education, while continuing to focus on the broadcasting industry[62]. - The company aims to expand its market by leveraging existing customer potential and acquiring new clients, focusing on integrated business cloud platforms and broadcasting maintenance outsourcing services[122]. - The company launched multiple software products in 2011, including the "佳创数字电视终端浏览器软件(ArenaBrowser)V3.0" and "佳创国标地面数字电视一体机公共平台软件V1.0" to enhance its digital television offerings[48]. - The company has developed various innovative products, including a video server system with hard disk playback functionality and a digital TV terminal user viewing behavior analysis device[46]. - The company has established a partnership with the State Grid and Communication University for research in digital new media technology[59]. - The company plans to accelerate the promotion of the "Run Education" platform, targeting project operating revenue to exceed a certain threshold, with plans to expand services from Shenzhen to other cities in China[122]. Financial Management and Fund Utilization - The total amount of funds raised in the initial public offering (IPO) was RMB 429 million, with a net amount of RMB 395.34 million after deducting issuance costs of RMB 33.66 million[98]. - As of December 31, 2015, the company had utilized RMB 276.77 million of the raised funds, leaving RMB 146.13 million remaining[98]. - The company has not changed the use of raised funds, and all projects are reported to be in compliance with their intended purposes[100]. - The company has a total of RMB 27.64 million allocated for projects funded by excess raised funds, with a significant portion already utilized[101]. - The company has received independent opinions from directors and sponsors regarding the completion of projects and the return of surplus funds to the excess fund account[101]. - The company has utilized its own funds to invest a total of RMB 19.20 million in the raised funds investment projects before the actual raised funds were in place[103]. - The company approved the use of up to 180 million RMB of idle funds for short-term principal-protected financial products[163]. Shareholder and Corporate Governance - The company has five wholly-owned subsidiaries and two controlling subsidiaries, including Shenzhen Jichuang Software Co., Ltd. and Shenzhen Jichuang Video Culture Media Co., Ltd.[109]. - The controlling shareholder of the company is Chen Kunjian, a natural person from China, who holds the position of Chairman[179]. - The actual controller of the company is also Chen Kunjian, with no changes in control during the reporting period[180]. - The company has a total of 15 directors, supervisors, and senior management personnel[198]. - The total remuneration paid to directors, supervisors, and senior management in 2015 amounted to 2.9497 million yuan[198]. - The company has a diverse management team with various educational backgrounds and professional experiences[195]. - The company has not engaged in any mergers or acquisitions during the reporting period[181]. - The company did not implement any equity incentive plans or employee stock ownership plans during the reporting period[151].