Wondershare(SZ:300624)2018-04-17 16:00Financial Performance - The company reported a significant increase in revenue driven by new product launches, contributing to a rapid growth in operating income [5]. - The company's operating revenue for 2017 was ¥467,251,624.37, representing a year-over-year increase of 26.91% compared to ¥376,704,309.36 in 2016 [21]. - The net profit attributable to shareholders for 2017 was ¥68,600,731.10, an increase of 8.06% from ¥63,485,320.73 in 2016 [21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,301,416.67, reflecting a growth of 23.67% compared to ¥57,653,572.34 in 2016 [21]. - The net cash flow from operating activities for 2017 was ¥80,164,156.46, up 17.20% from ¥68,398,677.71 in 2016 [21]. - The total assets at the end of 2017 amounted to ¥308,212,885.00, marking a 10.67% increase from ¥278,496,537.78 at the end of 2016 [21]. - The net assets attributable to shareholders at the end of 2017 were ¥272,830,448.60, which is a 13.55% increase from ¥240,277,464.43 at the end of 2016 [21]. - The basic earnings per share for 2017 was ¥1.14, a 7.55% increase from ¥1.06 in 2016 [21]. - The company's total revenue for 2017 reached ¥467.25 million, representing a year-on-year increase of 26.91% compared to ¥368.18 million in 2016 [63]. - The consumer software segment generated ¥452.57 million, accounting for 96.86% of total revenue, with a year-on-year growth of 24.94% [63]. - The multimedia software category saw revenue of ¥261.78 million, which is 56.03% of total revenue, reflecting a significant increase of 35.43% from the previous year [63]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2017, representing a year-over-year growth of 20% [182]. - The company expects a revenue growth guidance of 25% for the next fiscal year, projecting revenues to reach approximately 1.875 billion RMB [182]. Research and Development - The company has continuously increased its investment in R&D for consumer software products to enhance its competitiveness [31]. - The company has a dedicated R&D team of 262 employees, accounting for 49.53% of the total workforce, with 99 software copyrights and 110 patents [45]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving user experience and product efficiency [182]. - The company has invested significantly in R&D for Filmora, leading to substantial sales growth and the introduction of a mobile version [56]. - Research and development expenses for 2017 were ¥92,483,574.48, an increase of 23.09% year-on-year, representing 19.79% of total revenue [71]. Market Expansion and Strategy - The company has established four subsidiaries in Hong Kong, Japan, and Canada, expanding its global presence and marketing capabilities [7]. - The company has implemented a localized marketing strategy in key overseas markets, including North America and Japan [48]. - The company primarily sells its software products online through its e-commerce platform, targeting global consumers [31]. - The company is focusing on reducing losses in its smart home business by accelerating the development of IoT home security products [91]. - The company plans to enhance its consumer software business by expanding existing product functionalities and improving user experience, aiming to increase sales revenue [85]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential mergers and acquisitions [182]. - Market expansion plans include entering three new international markets by the end of 2018, targeting a 10% increase in global market share [182]. Profit Distribution and Shareholder Returns - The company has implemented a profit distribution plan, proposing a cash dividend of 2.00 RMB per 10 shares based on 80,000,000 shares [10]. - The cash dividend policy remains unchanged, with a proposed distribution of CNY 2.00 per 10 shares for 2017, totaling CNY 16 million [101]. - The company has consistently maintained a cash dividend payout ratio, with 100% of the distributable profit allocated to cash dividends in the latest proposal [102]. - The company’s cash dividends for the past three years were CNY 24 million in 2015, CNY 36 million in 2016, and CNY 16 million in 2017, reflecting a commitment to shareholder returns [105]. - The company emphasizes a profit distribution policy prioritizing cash dividends, with a minimum of 15% of distributable profits allocated for cash dividends annually [108]. - The profit distribution plan must be approved by the shareholders' meeting after thorough discussion and independent opinions from directors [109]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be accurate and complete by its board of directors and management, ensuring accountability [3]. - The company has established a sound corporate governance structure, complying with the requirements of the China Securities Regulatory Commission [196]. - The company has received commitments from shareholders holding over 5% of shares to avoid any business competition with the company [198]. - The board of directors is composed in accordance with legal requirements, with independent directors leading specialized committees [195]. - The company has a clear delineation of asset ownership, ensuring independence from the controlling shareholder [198]. - The company will ensure that any share repurchase does not lead to a distribution of equity that does not meet listing conditions [111]. Social Responsibility - The company donated 200,000 RMB to Tibet University to support impoverished students [148]. - The company provided 100 computers valued at 384,800 RMB to improve local living conditions in Gu Lu Town, Naqu District [148]. - The total amount invested in poverty alleviation efforts included 200,000 RMB in funds and 384,800 RMB in material donations [149]. - The company is committed to fulfilling its social responsibilities and has signed framework agreements for targeted poverty alleviation in Tibet [151]. - The company does not belong to the key pollutant discharge units as per environmental protection regulations [153]. Legal and Regulatory Matters - The company has not faced any significant legal penalties in its overseas operations, but acknowledges the increasing complexity of legal environments as it expands [7]. - There were no significant lawsuits or arbitration matters reported during the fiscal year [128]. - The company did not experience any bankruptcy restructuring or face suspension of listing during the reporting period [127]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period [133]. Shareholding Structure - The company maintained a total share count of 60,000,000 shares, with no changes in the proportion of shareholding [158]. - The largest shareholder, Wu Taibing, holds 26.07% of the shares, totaling 15,642,850 shares [161]. - The company has not undergone any changes in its controlling shareholder during the reporting period [163]. - The actual controller, Wu Taibing, is a natural person and has not changed during the reporting period [165]. - The company has a total of 10 major shareholders, with no new strategic investors or general legal entities becoming major shareholders during the reporting period [162]. Employee and Management Information - The company employed a total of 529 staff, with 421 in the parent company and 108 in major subsidiaries [186]. - The professional composition includes 133 sales personnel, 262 technical personnel, and 123 administrative personnel [187]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.4873 million [185]. - The remuneration policy emphasizes fairness, competitiveness, and effectiveness, aiming to attract and retain talent [188]. - The company conducted 392 training sessions with a total of 5,880 participants, averaging 35 hours of training per person [189].