GIT(SZ:300465)2016-05-27 03:51Financial Performance - The company's total revenue for 2015 was ¥938,623,959.01, representing a decrease of 5.75% compared to ¥995,930,625.91 in 2014[18]. - Net profit attributable to shareholders for 2015 was ¥41,228,939.46, down 37.61% from ¥66,080,887.67 in 2014[18]. - The net cash flow from operating activities was ¥30,678,846.20, a decline of 22.40% from ¥39,535,203.93 in 2014[18]. - Basic earnings per share decreased by 46.97% to ¥0.35 in 2015, down from ¥0.66 in 2014[18]. - The weighted average return on net assets was 10.43%, down from 19.49% in 2014, reflecting a decline of 9.06%[18]. - The overall gross margin improved from 22.76% in 2014 to 24.12% in 2015[50]. - The banking sector contributed ¥676,837,266.01, accounting for 72.11% of total revenue, down 17.77% year-over-year[54]. - The securities sector saw a significant increase in revenue by 530.90%, reaching ¥133,610,006.76, up from ¥21,177,543.04 in 2014[54]. Assets and Liabilities - The total assets increased by 27.61% to ¥866,716,087.78 at the end of 2015, compared to ¥679,193,429.42 at the end of 2014[18]. - The net assets attributable to shareholders rose by 109.64% to ¥745,086,109.86 at the end of 2015, up from ¥355,415,528.40 at the end of 2014[18]. - Cash and cash equivalents increased to RMB 411.33 million, representing 47.46% of total assets, up from 32.70% the previous year[86]. - Accounts receivable decreased by 7.01% to RMB 275.43 million, now making up 31.78% of total assets[86]. - Inventory dropped significantly by 7.90% to RMB 19.62 million, reflecting a change in asset management strategy[86]. - The company has no long-term borrowings, indicating a strong liquidity position[86]. Research and Development - The company invested 1,427.90 million yuan in research and development during the reporting period, highlighting its commitment to innovation[29]. - Research and development expenses increased by 25% to approximately 47.65 million yuan, accounting for 40.91% of the increase in management expenses, which rose by 35% to approximately 89.78 million yuan[48]. - The company has developed a professional R&D team of over 100 members, enhancing its technological capabilities and product development[41]. - The company has established a research and development center with multiple departments to enhance its product innovation capabilities[76]. - The company has capitalized 378.41 million yuan in R&D expenditures for the EasyCMS credit risk mitigation management system, indicating its focus on developing advanced technologies[29]. Strategic Development - The company plans to focus on providing high-quality information technology solutions and software products to the financial industry as part of its future strategic development[4]. - The company has established long-term stable relationships with major clients in the banking sector, contributing to its strong brand influence and market position[33]. - The company has developed a comprehensive product line, including credit management systems and core business systems, which have a high market share and competitive advantage[34]. - The company has initiated capital acquisitions, including stakes in Xinyi Digital Financial Services and Yinghang Financial Technology, marking a strategic shift towards internet finance[42]. - The company plans to actively seek improvements in order quality and gross profit margin in 2016[63]. Customer and Supplier Concentration - Revenue from the top five customers accounted for 55.38% of total revenue, indicating a significant reliance on major clients[4]. - The company faced a procurement concentration risk, with the top five suppliers accounting for 57.82% of total purchases[4]. - The top five customers contributed CNY 519,851,856.45, accounting for 55.38% of the total annual sales[67]. - The procurement from the top five suppliers totaled CNY 271,933,936.00, representing 57.82% of the total annual procurement[69]. Governance and Compliance - The company emphasizes the importance of governance and will continue to collaborate with international consulting firms to improve its governance standards[105]. - The company will ensure compliance with local and domestic laws during the establishment and dissolution of any offshore listing structures[118]. - The company has committed to avoiding unnecessary related party transactions and will adhere to market pricing principles to protect shareholder interests[117]. - The company has not experienced any major litigation or arbitration matters during the reporting period[128]. - The company has not faced any penalties from the China Securities Regulatory Commission regarding internal control issues during the reporting period[187]. Employee and Management - The company employed a total of 2,284 staff, with 1,997 being technical personnel, representing approximately 87.5% of the workforce[182]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 516.69 million[182]. - The company has established a performance-based salary policy to align individual and team performance with corporate goals[183]. - The company has implemented a restricted stock incentive plan, granting 1.6 million shares to 100 incentive targets[130]. - The company has seen a shift in its board composition, with a focus on bringing in directors with diverse professional backgrounds to strengthen governance[170]. Shareholder Information - The total number of shares increased from 100,000,000 to 133,340,000, representing a 33.34% increase[151]. - The largest shareholder, Yingtan Yinga Investment Consulting Co., Ltd., holds 43,228,000 shares, representing 32.42% of total shares[156]. - The company has not reported any changes in the shareholding of directors and senior management during the reporting period, indicating stability in leadership[165]. - The controlling shareholder has pledged not to transfer or entrust the management of its shares for 36 months following the company's stock listing[120]. - The company will ensure that any transactions related to its business are conducted at fair and reasonable prices based on normal commercial terms[117].