Troy Information(SZ:300366)2018-05-25 16:00Financial Performance - The company's operating revenue for 2017 was CNY 1,609,416,889.10, representing a 44.53% increase compared to CNY 1,113,521,983.11 in 2016[21]. - The net profit attributable to shareholders for 2017 was CNY 172,675,795.56, up 47.73% from CNY 116,888,931.24 in 2016[21]. - The net profit after deducting non-recurring gains and losses was CNY 155,293,730.50, a 38.13% increase from CNY 112,424,191.14 in 2016[21]. - The company's total operating revenue for 2017 was CNY 1,609,416,889.10, with a year-on-year increase of 44.53%[83]. - The gross profit margin for the software and information technology services sector was 25.95%, showing a decrease of 1.79% compared to the previous year[83]. - The company reported a significant increase in revenue from software development implementation, which rose by 127.20% year-on-year to CNY 402,132,132.76[83]. - The revenue from system integration was ¥695,124,319.42, accounting for 43.19% of total revenue, showing a slight increase from 42.47% in the previous year[80]. - The revenue from technical services decreased by 9.82% to ¥512,160,436.92, which constituted 31.82% of total revenue[80]. - The software development and implementation revenue increased by 9.09% to ¥402,132,132.76, making up 24.99% of total revenue[80]. Cash Flow and Assets - The company's cash flow from operating activities showed a significant decline, with a net cash flow of CNY 588,138.52, down 86.67% from CNY 4,411,383.82 in 2016[21]. - The total assets at the end of 2017 were CNY 3,722,450,506.16, a decrease of 1.52% from CNY 3,779,973,054.33 at the end of 2016[21]. - The net assets attributable to shareholders increased by 5.21% to CNY 2,956,934,133.39 at the end of 2017, compared to CNY 2,810,392,254.64 at the end of 2016[21]. - The company's cash and cash equivalents decreased by ¥517,719,122.07 in 2017, marking a 156.87% decline from an increase of ¥910,391,440.79 in 2016[94]. - The net cash flow from investment activities was -¥511,781,497.66 in 2017, a drastic decline of 910.79% compared to ¥63,121,518.97 in 2016[94]. - Accounts receivable increased to ¥842,059,562.4, representing 22.62% of total assets, up from 19.15% in 2016, attributed to growth in sales[99]. Investments and Acquisitions - The company has expanded its asset scale and business scope through acquisitions of GeDi Power and Bangxun Information, but faces integration risks that could affect expected synergies[5]. - Significant investments were made in fixed assets and intangible assets, primarily due to the transition of projects from construction to operational status, including a telecom-grade data network service support base[32]. - The company completed the acquisition of two new subsidiaries, expanding its consolidation scope[86]. - The total committed investment for the acquisition of 100% equity in Lei Li Electric Power is CNY 22,580.35 million, with a cumulative investment of CNY 22,580.35 million, achieving 100% investment progress as of November 30[106]. - The total committed investment for the acquisition of 100% equity in Guangzhou Bangxun is CNY 20,000.01 million, with a cumulative investment of CNY 20,000.01 million, achieving 100% investment progress as of October 31[106]. Research and Development - The company has a dedicated R&D team of over 100 professionals, focusing on innovative video intelligence applications, which significantly enhance public safety and crime prevention capabilities[45]. - In 2017, the company's R&D expenditure reached 80.55 million RMB, representing a year-on-year increase of 42.86%, focusing on big data, cloud computing, IoT, and 5G technologies[54]. - The company's R&D investment in 2017 amounted to ¥83,449,673.08, representing 5.19% of its operating revenue, an increase from 5.06% in 2016[93]. - The number of R&D personnel increased to 539 in 2017, accounting for 45.29% of the total workforce, up from 38.72% in 2016[93]. - The company increased its R&D investment significantly after the acquisition of Bangxun Information, focusing on big data and cloud computing technologies[92]. Strategic Focus and Market Expansion - The company is focusing on the development of "big data+" industry solutions and has established a technology and product chain based on cloud computing, new generation mobile communication, and the Internet of Things[31]. - The company aims to upgrade its business model from "integration + service" to "platform + operation" to enhance its market position and operational efficiency[31]. - The company plans to expand its market presence both nationally and internationally, moving towards a group company structure[39]. - The company is actively responding to national policies and enhancing its capabilities in crime prevention and social management through advanced technology applications[41]. - The company plans to focus on five major sectors: telecommunications, energy, public safety, public services, and overseas business in its 2018 strategic development[62]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, based on a total of 525,576,150 shares outstanding[7]. - The total net profit attributable to shareholders for 2017 was 172,675,795.56 yuan, with the cash dividend representing 18.26% of this amount[124]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution[120]. - The company has maintained a consistent dividend policy, with cash dividends in the previous years being 26,284,576.80 yuan in 2016 and 0 yuan in 2015[124]. - The company’s retained earnings as of the end of the reporting period amounted to 476,827,916.70 yuan[120]. Compliance and Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring accountability for its contents[3]. - The company is committed to strengthening its human resources and corporate culture to drive transformation and improve overall capabilities[77]. - The company is actively monitoring its financial disclosures to avoid any misleading information that could impact investor confidence[130]. - The company has reported a commitment to avoid related party transactions and ensure fairness and transparency in decision-making processes[168]. - The company guarantees that it will not use its assets to benefit related parties or engage in competitive activities with its subsidiaries[173].