VRV(SZ:300352)2018-04-23 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.12 RMB per 10 shares to all shareholders, based on a total of 1,449,824,087 shares[5]. - The cash dividend distribution plan for 2017 is set at RMB 0.12 per 10 shares (including tax), totaling RMB 17,397,889.04 distributed to shareholders[162]. - In 2017, the cash dividend amount was 17,397,889.04, representing 19.02% of the net profit attributable to ordinary shareholders of 91,451,980.39[164]. - In 2016, the cash dividend amount was 23,197,185.40, which was 28.87% of the net profit attributable to ordinary shareholders of 80,347,228.14[164]. - In 2015, the cash dividend amount was 12,160,175.59, accounting for 17.19% of the net profit attributable to ordinary shareholders of 70,719,566.59[164]. - The company has implemented a profit distribution policy that aligns with its articles of association, ensuring clarity and fairness in the distribution process[157]. - The company has not conducted any capital reserve transfers or stock bonuses for the 2017 fiscal year, focusing solely on cash dividends[162]. Financial Performance - The company's operating revenue for 2017 was ¥514,852,610.92, representing a 4.58% increase from ¥492,299,777.56 in 2016[16]. - The net profit attributable to shareholders for 2017 was ¥91,451,980.39, a 13.82% increase compared to ¥80,347,228.14 in 2016[16]. - The total profit for the year was 97.80 million yuan, reflecting a growth of 13.38% compared to the previous year[68]. - The net profit attributable to shareholders was 91.45 million yuan, marking a 13.82% increase year-on-year[68]. - The company's total revenue for 2017 was RMB 514,852,610.92, representing a year-on-year increase of 4.58% compared to RMB 492,299,777.56 in 2016[84]. - Revenue from the financial sector surged by 156.36%, reaching RMB 61,904,727.09, up from RMB 24,147,278.21 in the previous year[84]. - The government sector's revenue increased by 30.25%, amounting to RMB 142,891,812.70, compared to RMB 109,704,334.06 in 2016[84]. - The company reported a significant increase in technical service revenue, which rose by 10.94% to ¥88,795,660.35[86]. - The company's software products generated RMB 272,935,519.95 in revenue, accounting for 53.01% of total revenue, reflecting a 15.73% increase from the previous year[84]. Market Position and Strategy - The company maintained its leading position in the domestic terminal security management market, with a market share of over 12 consecutive years[26]. - The company is expanding its product offerings in information security, big data, and IoT, aiming to become a comprehensive solution provider in the smart security sector[26]. - The company is focused on strengthening market expansion efforts, enhancing brand awareness, and improving product profitability[39]. - The information security industry is experiencing rapid growth, driven by increasing demand for security products and services[41]. - The company is positioned as a leading enterprise in the information security industry, aligning with national strategies to build a secure and controllable ecosystem[42]. - The company plans to actively expand its industry user base and internet market to achieve better market returns in the future[33]. - The company aims to enhance its overall profitability by implementing its development strategy focused on "information security, big data, and the internet" across all business segments[140]. Research and Development - The company has invested significantly in R&D, focusing on big data and internet technologies to enhance product and service effectiveness[68]. - The company's R&D investment in 2017 was CNY 101.05 million, accounting for 19.63% of total revenue, representing a year-on-year growth of 30.89%[69]. - The number of R&D personnel increased to 564 in 2017, accounting for 43.79% of the total workforce, up from 40.37% in 2016[113]. - Continuous R&D investment has led to significant technological advantages in areas such as terminal security management and cloud security management platforms[38]. - The company aims to enhance its competitive edge through continuous innovation and technology development[103]. - The company has established a professional R&D team, with a focus on continuous innovation and improvement of application solutions[56]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company’s future development outlook includes addressing potential operational risks and implementing corresponding measures[5]. - The company has a significant amount of accounts receivable, which is managed through enhanced credit evaluation and project management to mitigate risks[149]. - The company faces seasonal sales risks, with a tendency for sales to concentrate in the second half of the year, particularly in Q4[150]. Corporate Governance and Compliance - The actual controller and related parties fulfilled their commitments during the reporting period[165]. - The commitments made during the initial public offering or refinancing have been fulfilled without violations[167]. - The company has a performance compensation agreement in place, ensuring compliance with obligations[168]. - The commitments to minority shareholders have been fulfilled on time[168]. - There are no overdue commitments that have not been fulfilled, and no specific reasons for non-compliance were noted[168]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[171]. - There were no significant litigation or arbitration matters affecting the company during the reporting period[177]. - The company has not faced any penalties or rectification issues during the reporting period[178]. - The company maintains a good integrity status, with no significant debts overdue or unfulfilled court judgments[179]. Investments and Subsidiaries - The company established several new subsidiaries, including "Artificial Intelligence Industry Technology Innovation Alliance (Beijing) Technology Co., Ltd." to enhance its competitiveness in the AI sector[132]. - The company invested RMB 1,000 million to establish "Guobao Alliance Information Security Technology Co., Ltd." with several partners, holding an 18.18% stake[133]. - The company has added new subsidiaries to its consolidated financial statements, including Beijing Beixin Source Information Security Technology Co., Ltd. and North Source International Co., Ltd.[175]. - The company has not sold any significant assets or equity during the reporting period, indicating stability in its asset management[129][130]. Audit and Financial Reporting - The company’s financial report is audited by Ruihua Accounting Firm, ensuring the accuracy and reliability of financial data[10]. - The audit firm, Ruihua Certified Public Accountants, has been retained for five consecutive years, with an audit fee of 900,000 yuan for the reporting period[176]. - The company has implemented new accounting standards starting from May 28, 2017, affecting the classification and reporting of non-current assets held for sale[172].