Everyday Network (SZ:300295)2018-04-17 16:00Financial Performance - The company's operating revenue for 2017 was ¥407,780,557, a decrease of 29.52% compared to ¥578,542,678.59 in 2016[15]. - The net profit attributable to shareholders for 2017 was ¥94,112,854.90, down 13.14% from ¥108,354,813.03 in 2016[15]. - The net cash flow from operating activities was -¥444,911,558.59, representing a 34.54% increase in cash outflow compared to -¥330,690,847.41 in 2016[15]. - The total operating revenue including interest income from internet microloans for 2017 was ¥473,240,192.76[15]. - In 2017, the total revenue of the company was approximately 473.24 million yuan, a decrease of 20.91% year-on-year, primarily due to a 29.52% decline in revenue from real estate network services[44]. - The revenue from the real estate network marketing services was approximately 388.92 million yuan, accounting for 95.37% of total revenue, reflecting a 29.23% decrease compared to the previous year[45]. - The company's internet financial platform services revenue decreased by 75.81% year-on-year, amounting to approximately 1.99 million yuan[45]. Assets and Investments - The total assets at the end of 2017 were ¥1,525,372,156.66, an increase of 21.10% from ¥1,259,601,544.50 at the end of 2016[15]. - The net assets attributable to shareholders increased by 7.91% to ¥1,106,852,904.52 at the end of 2017 from ¥1,025,678,491.99 at the end of 2016[15]. - The company has seen a significant increase in long-term equity investments due to investments in Jiangsu Beike and Wuhu Kuangran[29]. - Long-term equity investments rose significantly by 9.05% to ¥150,454,966.6, due to investments in Jiangsu Beike and Wuhu Kuangran[63]. - Other receivables increased by 12.85% to ¥211,439,413.0, mainly due to substantial deposits paid to developers for exclusive cooperation in real estate distribution[63]. Business Operations and Strategy - The company's total revenue and net profit experienced a slight decline due to external market pressures and internal transformation challenges[32]. - The traditional real estate network service business has begun its transformation, with significant improvements in mobile data acquisition and monetization capabilities[32]. - Internet financial services maintained rapid growth while enhancing compliance and risk control amid stricter regulations[32]. - The housing rental and asset management business strategies and frameworks have been clarified, with steady progress in layout work[32]. - The core business "365淘房" remains the main revenue source, focusing on providing comprehensive online services for housing information and transactions[25]. - The company has invested in new businesses such as "365金服," which provides financial services based on real estate transaction scenarios[25]. - The company is actively cultivating the rental service business, providing comprehensive financial and management services in the rental market[26]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥1.00 per 10 shares to all shareholders based on the total share capital at the end of 2017[5]. - The cash dividend policy remains unchanged, with a proposed distribution of 1.00 CNY per 10 shares, totaling 19,299,600 CNY for 2017[83]. - The cash dividend accounted for 100% of the total profit distribution in 2017, with a distributable profit of 471,505,338.28 CNY[84]. - In 2017, the company distributed cash dividends totaling ¥19,299,600, which accounted for 20.51% of the net profit attributable to ordinary shareholders of ¥94,112,854.90[88]. Employee and Management Information - The total number of employees in the company is 1,153, with 731 in the parent company and 422 in major subsidiaries[167]. - The company has a professional composition of 431 sales personnel, 165 technical personnel, and 319 platform operation personnel[167]. - The total compensation for the board and senior management during the reporting period was 397.41 million[165]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, linking their compensation to performance[179]. - The company implemented an employee stock ownership plan and stock option incentive plan, with the first phase of the employee stock ownership plan executed and the stock option plan approved by the board[190]. Compliance and Governance - The company strictly adheres to laws and regulations, ensuring compliance in its operations and actively contributing to local economic development[131]. - The company maintains transparency and integrity in its information disclosure practices, enhancing communication with investors[130]. - The company has a governance structure that includes a shareholder meeting, board of directors, and supervisory board, ensuring compliance with relevant laws and regulations[175]. - The audit opinion for Jiangsu 365 Network Co., Ltd. is a standard unqualified opinion, indicating that the financial statements fairly present the company's financial position as of December 31, 2017[198]. - The internal control report was disclosed on April 18, 2018, and received a standard unqualified opinion, with no significant deficiencies noted in non-financial reporting[194]. Future Outlook and Plans - The company aims for "breaking the deadlock and internal growth" in 2018, focusing on new product development and sustainable growth paths[75]. - The rental and asset management business remains a priority, with plans to improve apartment service systems and strengthen cooperation with financial services[76]. - The company will continue to monitor market changes and adjust strategies in response to uncertainties in the real estate market[78]. - The company emphasizes the importance of technology and product development to meet changing user demands and enhance user experience[79].