GIT(SZ:300465)2016-04-29 07:34Financial Performance - The company's operating revenue for 2015 was ¥938,623,959.01, a decrease of 5.75% compared to ¥995,930,625.91 in 2014[15]. - The net profit attributable to shareholders for 2015 was ¥41,228,939.46, down 37.61% from ¥66,080,887.67 in 2014[15]. - The basic earnings per share for 2015 was ¥0.35, a decline of 46.97% compared to ¥0.66 in 2014[15]. - The total operating income for 2015 was approximately 755.62 million, an increase of 25.3% from 603.19 million in 2014[21]. - The company reported a net profit of ¥17,337,563.15 in Q4 2015, showing a positive trend in the last quarter[17]. - The company reported a non-operating loss of approximately -59.76 million in 2015, compared to -0.59 million in 2014, indicating a significant increase in losses[21]. - The weighted average return on equity decreased to 10.43% in 2015 from 19.49% in 2014, reflecting a decline of 9.06%[15]. - The company's total revenue for 2015 was approximately CNY 938.62 million, a decrease of 5.75% compared to CNY 995.93 million in 2014[41]. - Revenue from the banking sector was CNY 676.84 million, accounting for 72.11% of total revenue, down 17.77% from CNY 823.11 million in 2014[41]. - Revenue from the securities sector surged to CNY 133.61 million, representing a 530.90% increase from CNY 21.18 million in 2014[41]. Assets and Liabilities - The total assets at the end of 2015 reached ¥866,716,087.78, an increase of 27.61% from ¥679,193,429.42 at the end of 2014[15]. - The net assets attributable to shareholders increased by 109.64% to ¥745,086,109.86 in 2015 from ¥355,415,528.40 in 2014[15]. - As of the end of 2015, cash and cash equivalents reached ¥411,329,772.48, representing 47.46% of total assets, an increase of 14.76% compared to the previous year[63]. - Accounts receivable decreased by 7.01% to ¥275,433,209.10, which accounted for 31.78% of total assets[63]. - Inventory significantly reduced by 7.90% to ¥19,618,448.61, now representing only 2.26% of total assets[63]. - Total liabilities decreased to ¥121,629,977.92 from ¥323,777,901.02, a reduction of about 62.4%[188]. - Shareholders' equity increased to ¥745,086,109.86 from ¥355,415,528.40, representing a growth of approximately 109.5%[189]. Research and Development - The company invested 1.43 million in research and development during the reporting period, highlighting its commitment to innovation[26]. - Research and development (R&D) investment amounted to ¥47,649,493.00, which is 5.08% of operating revenue, an increase from 3.82% in the previous year[53]. - The number of R&D personnel increased to 150, making up 6.09% of the total workforce, compared to 1.12% in 2014[53]. - The R&D team expanded to over 100 professionals, enhancing the company's technological capabilities and product development[38]. - The company has a strong focus on technology and business innovation, continuously enhancing its product and service offerings[28]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.46 per 10 shares to all shareholders, based on a total of 134,940,000 shares[4]. - The cash dividend for 2015 was set at RMB 0.46 per share, with a total of 134,940,000 shares as the basis for distribution[88]. - In 2015, the company achieved a net profit attributable to shareholders of RMB 41,228,939.46, with a cash dividend distribution of RMB 6,207,240.00, representing 15.06% of the net profit[89]. Strategic Initiatives - The company plans to focus on expanding its market presence in urban commercial banks and agricultural commercial banks, aiming to increase cooperation with top three revenue-contributing clients[79]. - The company aims to innovate in new business areas such as cloud computing, SaaS, and internet insurance platforms, aligning with its business transformation goals[80]. - The company has established a capital acquisition strategy to synergize capital and business development, particularly in internet finance and banking SaaS services[81]. - The company plans to implement related financial management proposals for the year 2016, indicating future investment strategies[124]. Governance and Compliance - The company emphasizes its commitment to corporate governance and transparency, as evidenced by the detailed reporting of management changes and shareholding[145]. - The company has committed to ensuring that all related party transactions are conducted at market prices to protect the interests of minority shareholders[95]. - The company has not faced any penalties from the China Securities Regulatory Commission regarding internal control issues during the reporting period[163]. - The independent directors attended 10 board meetings, with no objections raised against company matters during the reporting period[167]. Market Position and Customer Base - The company has a strong customer base in the financial sector, including major banks and insurance companies, which supports its market position[30]. - The company has achieved a high level of brand recognition and reputation in the financial IT services industry, contributing to its competitive advantage[30]. - The company’s IT solutions include core banking systems and CRM systems, which are critical for meeting the needs of financial institutions[24]. Employee and Management Structure - The total number of employees in the company is 2,284, with 1,997 being technical personnel, 55 in sales, and 16 in finance[158]. - The company has a total compensation of 516.69 million for its board members and senior management during the reporting period[158]. - The company has a compensation policy that combines individual and team performance to attract and retain talent[159]. - The company is focused on maintaining a stable management team, with no new appointments or significant changes reported in the senior management structure[144]. Audit and Internal Control - The company reported a standard unqualified audit opinion for the financial statements for the year ended December 31, 2015[179]. - The internal control evaluation report indicated that there were no significant deficiencies in internal control during the reporting period[174]. - The company maintained effective internal controls related to financial reporting as of December 31, 2015[176]. - The audit committee held 3 meetings during the reporting period to review relevant matters[171].