GIT(SZ:300465)2017-04-25 16:00Financial Performance - The company's operating revenue for 2016 was approximately ¥972.68 million, representing a 3.63% increase compared to ¥938.62 million in 2015[19]. - The net profit attributable to shareholders decreased by 43.95% to ¥23.11 million in 2016 from ¥41.23 million in 2015[19]. - The net profit after deducting non-recurring gains and losses was ¥23.81 million, down 41.17% from ¥40.47 million in the previous year[19]. - The net cash flow from operating activities increased significantly by 72.53% to ¥52.93 million in 2016, compared to ¥30.68 million in 2015[19]. - The total assets of the company reached ¥1.70 billion at the end of 2016, a 96.11% increase from ¥866.72 million at the end of 2015[19]. - The net assets attributable to shareholders increased by 40.11% to ¥1.04 billion at the end of 2016, compared to ¥745.09 million at the end of 2015[19]. - The basic earnings per share decreased by 49.95% to ¥0.054 in 2016 from ¥0.108 in 2015[19]. - The weighted average return on net assets fell to 3.06% in 2016, down from 10.43% in 2015, indicating a decline in profitability[19]. - The company's total revenue for 2016 was CNY 376,199,509.20, showing a significant increase compared to previous years[22]. - The net profit attributable to shareholders was CNY 11,318,783.57, reflecting a growth from CNY 7,063,859.58 in 2014[22]. Acquisitions and Investments - The company completed the acquisition of Shanghai Ruimin, enhancing its service capabilities in the financial information sector[27]. - The company also acquired 100% stakes in Nut Technology and Shanghe Technology to expand its mobile internet marketing business[33]. - The company reported a total investment of CNY 67,981.34 million in acquisitions, contributing to goodwill of CNY 58,628.56 million[34]. - The company expects the newly acquired subsidiaries to contribute positively to overall performance in 2017[33]. - The company completed the acquisition of 100% equity in Shanghai Ruimin Internet Technology Co., Ltd. for ¥300,000,000 as part of its strategic expansion[92]. Revenue and Market Performance - The banking sector contributed ¥741,775,596.46, accounting for 76.26% of total revenue, with a year-on-year growth of 4.15%[63]. - Revenue from the securities sector decreased by 10.16% to ¥39,622,169.00, down from ¥133,610,006.76 in 2015[63]. - The company reported a significant increase in mobile internet revenue, reaching ¥61,523,609.12, marking a 6.33% growth[63]. - The company has been actively expanding its customer base, particularly targeting urban commercial banks and regional banks[53]. - The company has built a comprehensive client base primarily in the banking sector, including various types of banks and financial institutions, establishing long-term stable partnerships that enhance its brand reputation[36]. Research and Development - The number of R&D personnel increased to 260 in 2016, representing 8.71% of the total workforce, up from 150 (6.09%) in 2015[86]. - R&D investment amounted to ¥78,632,865.96 in 2016, accounting for 8.08% of operating revenue, compared to 7.00% in 2015[86]. - The company has adopted an advanced baseline-based R&D management model, which enhances project implementation efficiency and allows for rapid customization to meet client needs[41]. - The company is focusing on big data technology and mobile internet marketing to enhance its product offerings and market reach[27]. Operational Challenges - The financial information service business faced challenges due to declining core customer demand but successfully expanded into urban commercial banks and regional banks[33]. - The company faced pressure from core customer demand fluctuations and low gross margins from newly acquired clients during the business expansion phase[54]. - The company's management and sales expenses were 105.64 million yuan and 101.88 million yuan respectively, contributing to the squeeze on profit margins[54]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥0.08 per 10 shares to all shareholders, based on a total of 450,381,457 shares[7]. - The company has a cash dividend policy that mandates a minimum of 15% of distributable profits to be distributed as cash dividends when profitable, with a cumulative cash distribution of at least 45% over the last three years[120]. - The company distributed cash dividends totaling RMB 6,207,240, which is 15.06% of the net profit attributable to ordinary shareholders of RMB 41,228,939.46[125]. - For the year 2016, the cash dividend amount was RMB 3,603,051.66, representing 15.59% of the net profit attributable to ordinary shareholders of RMB 23,109,577.54[125]. Corporate Governance and Compliance - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[126]. - The company has ensured that there are no related party transactions with its actual controllers and shareholders post-transaction completion[126]. - The company emphasizes fair pricing in related transactions to protect the interests of shareholders, ensuring compliance with legal and regulatory requirements[127]. - The company has committed to not engaging in any competitive activities with its subsidiaries during the shareholding period[126]. Future Outlook and Strategy - The company plans to continue its strategy of acquisitions and market expansion through the purchase of additional technology firms[71]. - The company aims to expand externally by effectively utilizing capital markets and financing tools to strengthen its operations[110]. - The company is focusing on emerging sectors such as financing leasing and supply chain finance, where IT demand is growing rapidly and profit margins are relatively high[112]. - The company plans to implement cost-cutting measures, targeting a reduction of operational expenses by 15%[200].