GOHIGH(SZ:000851)2017-03-21 16:00Financial Performance - The company's operating revenue for 2016 was ¥8,673,633,470.18, representing a 16.82% increase compared to ¥7,424,912,315.65 in 2015[16] - The net profit attributable to shareholders of the listed company for 2016 was ¥80,096,891.75, a decrease of 6.20% from ¥85,388,001.61 in 2015[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2016 was ¥49,381,173.26, a decrease of 24.32% compared to ¥65,248,664.31 in 2015[17] - The net cash flow from operating activities decreased by 49.09% to ¥322,287,957.85 from ¥633,101,586.39 in the previous year[17] - Basic and diluted earnings per share for 2016 were both ¥0.1347, down 6.72% from ¥0.1444 in 2015[17] - Total assets increased by 19.57% to ¥7,757,642,044.60 at the end of 2016, compared to ¥6,487,796,149.73 at the end of 2015[17] - The total profit for 2016 was ¥169,784,455.96, which increased by 5.13% compared to the previous year[39] - The company achieved a government subsidy of ¥32,338,763.99 in 2016, up from ¥17,560,167.94 in 2015[24] Dividend Distribution - The company plans to distribute a cash dividend of ¥0.20 per 10 shares (including tax) based on a total of 632,105,028 shares[5] - The cash dividend for 2015 was 11,827,285.20 yuan, with a similar distribution rate of 0.2 yuan per 10 shares, based on a share capital of 591,364,260 shares[116] - The cash dividend payout ratio for 2016 is 15.78% of the net profit attributable to shareholders, which is 80,096,891.75 yuan[120] Business Development and Strategy - The company is focused on expanding its broadband telecommunications network products and services[14] - The company is actively involved in the development and integration of new technologies in the telecommunications sector[14] - The company is actively developing LTE-V vehicle networking projects and has established partnerships with domestic car manufacturers and local governments[28] - The company is focusing on expanding its information service business, particularly in mobile internet and cloud computing solutions[40] - The company is focusing on expanding its market presence in the IT and communication sectors through strategic investments and partnerships[68] - The company is exploring new technologies in the field of data networking and communication to enhance its service offerings[68] Research and Development - The company invested CNY 124.28 million in R&D, covering 23 projects, with 17 projects completed during the reporting period[55] - The company has applied for 19 invention patents in the trusted computing field and is actively involved in standard-setting for LTE-V technology[35] - The company launched the first commercially available trusted server in China, which received a sales license from the Ministry of Public Security[41] - The company plans to introduce new technologies in 2017, focusing on AI and big data analytics[175] Market Position and Competition - The company has achieved a market share of over 50% in the telecom value-added service sector, particularly in the internet recharge business[103] - The company is positioned as a leading provider in the industry information technology sector, holding a first-tier brand status and possessing comprehensive VoIP product offerings[98] - The IT service sector is experiencing intensified competition, with rising demand for security, cloud systems, and big data services[95] - The company recognizes the risk of market competition intensifying in the enterprise information and information service sectors due to rapid industry development and increased social capital investment[110] Financial Management and Risks - The company faces financial risks due to expanding business scale and the need for funding related to mergers and acquisitions, leading to increased cash flow management efforts[112] - The company has committed to optimizing its financing structure to mitigate cash flow risks associated with investment projects[112] - The company will not use idle raised funds for high-risk investments, ensuring financial prudence during the temporary supplement of working capital[139] Related Party Transactions - The total amount of related party transactions for procurement with Datang Software was 2.4037 million yuan, accounting for 0.11% of the same type of transactions[157] - The company reported a total sales revenue of 1,265.17 million CNY from related party transactions in the reporting period[161] - The company has established a clear strategy for managing related party transactions, ensuring compliance with regulatory standards[161] Corporate Governance and Compliance - The company is committed to enhancing its corporate governance and compliance with regulations, as part of its long-term investor relations strategy[197] - The company has established guidelines to ensure that any related party transactions are conducted fairly and transparently, adhering to legal regulations and company bylaws[133] - The company has committed to providing accurate and complete information regarding the transaction, ensuring no false records or misleading statements exist[125] Social Responsibility and Community Engagement - The company has implemented 11 poverty alleviation projects, helping 12 registered poor individuals to escape poverty[188] - The company emphasizes green development, implementing energy-saving measures and promoting a smoke-free office environment[193] - The company promotes a shared economy model by providing support for employees' entrepreneurial projects, including office space and management services[195]