KINGLAND TECHNOLOGY(SZ:000711)2016-06-02 16:00Financial Performance - The audited net profit for 2015 was -10,005,884.89 CNY, while the net profit attributable to shareholders was 37,626,057.58 CNY, representing a 152.24% increase compared to the previous year[5]. - The company's operating revenue for 2015 was 72,088,308.76 CNY, reflecting a 4.86% increase from 68,749,309.27 CNY in 2014[19]. - The company has experienced a significant turnaround in net profit, improving from -72,031,131.19 CNY in 2014 to a positive figure in 2015[19]. - In 2015, the company reported a net profit of -49,812,364.78 CNY, a significant decline of 419.12% compared to the previous year[20]. - The basic and diluted earnings per share improved to 0.23 CNY, a 151.11% increase from -0.45 CNY in 2014[20]. - The company's total assets decreased by 75.80% to 297,622,602.01 CNY at the end of 2015, down from 1,193,776,072.39 CNY in 2014[20]. - The net assets attributable to shareholders increased by 14.56% to 290,836,164.31 CNY compared to 253,876,689.44 CNY in 2014[20]. - Non-recurring gains amounted to 624,137,523.05 CNY in 2015, a significant increase from -127,480.99 CNY in 2014[25]. - The company reported a financial expense of CNY 48,282,657.63, showing a slight decrease of 0.74% compared to the previous year[57]. - The company reported a net loss of approximately ¥5.29 million for the period, indicating a challenging financial performance[74]. Business Strategy and Restructuring - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[7]. - The company has undergone several changes in its main business focus over the years, with the latest adjustment in 2014 towards information system integration services and technology consulting[17]. - The company completed a major asset restructuring on December 28, 2015, transferring all assets and liabilities of its commercial real estate and coal/mining sectors[28]. - The company has restructured its business strategy to focus on ecological environment industries and internet integration, aiming to become a leading provider of green smart city solutions in China[31]. - The company is currently undergoing significant asset restructuring and is in a critical business transformation phase, requiring substantial funding support for new business development[88]. - The company plans to invest in a "R&D and operation base" in Hebei, aiming to enhance its capabilities in the ecological and internet sectors[33]. - The company is in the process of acquiring Muhe Jinland, which will expand its business coverage to Northeast and North China, enhancing its market presence in four major regions[33]. - The company signed a framework agreement for smart city construction with Guang'an City, indicating a strategic move into the smart city and energy management sectors[28]. - The company has established a strategic cooperation agreement with the government of Guang'an to develop a "smart city and big data platform," with the project currently progressing as planned[37]. - The company is committed to transparency in its financial reporting and has adhered to regulatory requirements[71]. Operational Efficiency and Management - The company implemented a comprehensive internal control system to enhance governance and management efficiency, ensuring strict adherence to decision-making processes[32]. - The company has a structured salary system for employees, with fixed and variable components based on performance[159]. - The company conducted various training programs, ensuring each employee received at least 48 hours of training annually[160]. - The company has a complete and clear internal governance structure, compliant with relevant laws and regulations[165]. - The company’s governance practices align with the regulatory standards set by the China Securities Regulatory Commission[166]. - The company maintained effective internal controls over financial reporting as of December 31, 2015[182]. - The company’s management team has over 10 years of experience in the ecological and information sectors, with 30% of its personnel being technical staff, enhancing its operational capabilities[33]. - The company is actively involved in the appointment and adjustment of its senior management to align with its strategic goals[147]. - The company continues to focus on maintaining a strong governance structure with qualified professionals in key positions[151]. Shareholder and Equity Information - The total net profit attributable to the company's common shareholders for 2015 was CNY 37,626,057.58, with a cash dividend payout ratio of 0.00%[88]. - The company did not distribute any cash dividends or increase share capital from capital reserves for the fiscal year 2015, despite having a positive profit available for distribution to common shareholders[88]. - The company has divested significant equity stakes, impacting its net profit contribution by 4.85%[71]. - The company’s major subsidiaries and associated companies contribute over 10% to its net profit[73]. - The company plans to continue evaluating its major equity holdings to optimize financial performance[72]. - The company reported a total of 11,019.9 million yuan from another significant equity sale, with a loss of 626.1 million yuan[72]. - The company has made commitments to maintain independence and avoid competition in the same industry, which are currently being fulfilled[91]. - The company has not proposed any cash dividend distribution plan for the fiscal year 2015 due to its ongoing restructuring efforts[89]. Legal and Compliance Matters - The company is currently under a delisting risk warning period but has applied to the Shenzhen Stock Exchange to lift this warning[5]. - The company has indicated that there is still a risk of suspension of listing pending further approval from the exchange[5]. - The company received a lawsuit involving a claim of 6.82 million RMB related to a coal mine transfer fee and breach of contract[104]. - The company also faced a lawsuit for a claim of 307.8 thousand RMB regarding loan repayment[104]. - The company did not issue a non-standard audit report for the reporting period[94]. - The company confirmed that all commitments made to minority shareholders were fulfilled on time[92]. - The company has not disclosed any significant undisclosed information during its communication activities[83]. Asset Management and Financial Position - The company’s total liabilities were reported at -586,511,465.47 CNY, indicating a significant financial restructuring[19]. - The company’s total assets decreased from 680.7 million to 306.2 million, a reduction of about 55.1%[200]. - The company is focusing on improving liquidity with a significant increase in cash reserves[199]. - The company is undergoing a strategic shift with a notable reduction in long-term investments[199]. - The company recognized impairment losses on coal and mining assets due to signs of impairment, leading to the provision for asset impairment[125]. - The company’s total guarantee amount as of the end of the reporting period was CNY 0, indicating no outstanding guarantees[120]. - The company’s subsidiary, Guangzhou Runlong Investment, had a loan of CNY 17.58 million with a 10-year term, which was guaranteed by the company[120].