BizConf(SZ:300578)2018-04-19 16:00Financial Performance - The company's operating revenue for 2017 was ¥267,146,619.16, representing a 5.93% increase compared to ¥252,180,522.96 in 2016[22]. - The net profit attributable to shareholders for 2017 was ¥34,251,238.00, an increase of 8.79% from ¥31,483,238.98 in 2016[22]. - The net profit after deducting non-recurring gains and losses was ¥31,495,270.07, which is a 19.18% increase from ¥26,426,116.44 in 2016[22]. - The total assets at the end of 2017 reached ¥358,910,956.28, a significant increase of 109.16% from ¥171,597,601.72 at the end of 2016[22]. - The company's gross profit margin improved to 50.72%, up by 4.48% from the previous year[67]. - The weighted average return on equity for 2017 was 12.39%, down from 21.20% in 2016, indicating a decline of 8.81%[22]. Revenue Breakdown - The company provided voice conferencing services with revenue of ¥181,000,000, a decrease of 5.26% compared to the previous year[33]. - The revenue from network conferencing services was ¥81,565,400, reflecting a growth of 36.19% year-over-year[34]. - Revenue from voice conferencing services was 181 million yuan, down 5.26% year-on-year, accounting for 67.70% of total operating revenue[53]. - Revenue from network conferencing services reached 81.57 million yuan, up 36.19% year-on-year, further increasing its share of total operating revenue[53]. Client Base and Market Position - The company has served 70% of the Fortune Global 500 companies in China, providing communication solutions to over 4,000 domestic and international enterprises[36]. - As of December 31, 2017, 255 out of 388 Fortune Global 500 companies operating in China were using the company's services, demonstrating its strong international service capability[43]. - The company has accumulated a client base of 4,267, with over 90% of its revenue coming from Fortune Global 500 companies and other leading enterprises[46]. - The company has a market share of approximately 40% in the Chinese multi-party communication service market, making it the largest non-telecom operator in this sector[40]. Strategic Partnerships and Collaborations - The company has established a strategic partnership with InterCall, which has significantly aided its market expansion in China[6]. - The company signed a strategic framework agreement with China Soft International to enhance collaboration in cloud video and big data applications[58]. - A partnership with Logitech was established to provide high-quality video collaboration solutions[59]. Investment and Fundraising - The net proceeds from the initial public offering were CNY 147.6386 million, which will be invested in the cloud conferencing platform and marketing service network projects[9]. - The company has made significant equity investments totaling ¥82,723,344.92 during the reporting period[88]. - The total amount raised from the initial public offering (IPO) was RMB 174.6 million, with a net amount of RMB 147.64 million after deducting issuance costs of RMB 26.96 million[91]. - The company approved the use of up to RMB 80 million of temporarily idle raised funds for cash management, with a usage period not exceeding 12 months[91]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares (including tax) to all shareholders, with no bonus shares issued[9]. - The cash dividend for 2016 was 68,800,000 yuan, which was 218.53% of the net profit attributable to shareholders[117]. - The company has consistently maintained a cash dividend distribution policy over the past three years, with significant cash dividends paid in 2015, 2016, and 2017[115]. - The company plans to distribute cash dividends annually, with a minimum of 20% of the distributable profits allocated for cash dividends if certain conditions are met[135]. Research and Development - The company has successfully developed a multi-party communication collaborative service platform and mobile solutions, with 78 R&D personnel and 80 software copyright registrations[48]. - Research and development expenses amounted to ¥15,861,246.28, accounting for 5.94% of total revenue, an increase from 5.56% in 2016[76]. - The number of R&D personnel increased to 78, representing 34% of the total workforce, up from 28% in 2016[76]. Risk Factors - The company faces increased competition in the multi-party communication business, which may adversely affect its operating performance[5]. - The company acknowledges the risk of changes in market conditions affecting the performance of its fundraising projects[9]. - The company has a solid market position but anticipates potential risks related to the recovery of accounts receivable from major clients[7]. Cash Flow and Financial Health - The company reported a net cash flow from operating activities of ¥22,429,806.32, which is a decrease of 5.03% from ¥23,618,361.48 in 2016[22]. - The net cash flow from investment activities showed a drastic decline of 1,977.84%, resulting in a net outflow of ¥68,885,132.01[78]. - The net cash flow from financing activities surged by 468.87% to ¥154,728,453.42, attributed to the company's initial public fundraising[78]. - The total increase in cash and cash equivalents was ¥107,296,618.64, marking a significant improvement of 649.78%[78]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,479, a decrease from 6,524 at the end of the previous month[186]. - Huang Yuanyuan, the controlling shareholder, holds 29.00% of the shares, amounting to 21,389,400 shares, with no change during the reporting period[186]. - The company has not reported any restrictions on share reduction by controlling shareholders or actual controllers during the reporting period[192]. Compliance and Governance - The company has not faced any major litigation or arbitration matters during the reporting period[146]. - The company has not experienced any penalties or rectification situations during the reporting period[147]. - The current accounting firm has been engaged for 8 years, with an audit fee of 650,000 RMB[144].