NANTIAN(SZ:000948)2018-03-20 16:00Financial Performance - The company's operating revenue for 2017 was CNY 2,315,809,791.16, representing a 7.32% increase compared to CNY 2,157,812,325.80 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 21,984,499.53, up 6.26% from CNY 20,689,391.09 in the previous year[16]. - The net profit after deducting non-recurring gains and losses decreased by 26.05% to CNY 6,241,738.62 from CNY 8,440,079.12 in 2016[16]. - The net cash flow from operating activities was negative at CNY -56,143,819.07, compared to a positive CNY 69,283,233.40 in 2016[16]. - The total assets at the end of 2017 were CNY 2,775,101,769.97, a 5.74% increase from CNY 2,624,335,660.24 at the end of 2016[16]. - The net assets attributable to shareholders increased by 0.69% to CNY 1,456,485,453.90 from CNY 1,446,492,694.14 in 2016[16]. - The basic earnings per share for 2017 was CNY 0.0891, reflecting a 6.20% increase from CNY 0.0839 in 2016[16]. - The weighted average return on equity for 2017 was 1.51%, slightly up from 1.44% in 2016[16]. - The company reported a government subsidy of ¥15,606,124.71 in 2017, an increase from ¥12,502,995.62 in 2016, reflecting a growth of approximately 25.8%[22]. - The company achieved a revenue of 2.316 billion yuan in 2017, representing a year-on-year growth of 7.32%[49]. - The net profit attributable to shareholders was 21.98 million yuan, an increase of 6.26% compared to the previous year[49]. - The company reported a net profit of 21,984,499.53 yuan for 2017, with a cash dividend payout ratio of 22.43%[105]. Business Development and Strategy - The company secured a contract worth ¥180 million with Xinjiang Bank during the reporting period, indicating strong performance in the financial sector[27]. - The integration business expanded with over 20 new clients, enhancing the company's service capabilities in data center automation and cloud management[28]. - The company launched new products including smart counters and mobile portable devices, aligning with market trends in financial technology[29]. - The company established strategic partnerships with leading firms like China Mobile and Huawei to enhance its smart city business, positioning itself as a leader in Yunnan's smart city initiatives[31]. - The company is actively developing cloud computing, big data, and internet finance as part of its long-term growth strategy[26]. - The company’s software business continues to dominate, providing comprehensive solutions for banking operations across various scales of banks in China[27]. - The integration service business reached new heights, with projects including the IP phone system for Guangxi Rural Credit and Agricultural Bank[50]. - The smart city business made substantial progress, with projects launched in multiple cities including Kunming and Wuhan[50]. - The company is committed to developing intelligent manufacturing, cloud computing, big data, and internet finance during the 13th Five-Year Plan period[45]. - The company aims to leverage big data and artificial intelligence to support digital transformation, maintaining its leading position while exploring new development areas[93]. - The company is positioning itself as a professional digital service provider, focusing on information technology to empower the digital economy[93]. - The company plans to continue consolidating its advantages in financial information technology while seizing opportunities in the digital economy[95]. - The company is committed to expanding its business in information products, system integration, cloud computing, and artificial intelligence[93]. Research and Development - The company has invested in innovation projects, completing multiple software copyright registrations, indicating a focus on future growth areas[32]. - Ongoing research and development efforts include a unified cloud management platform and a distributed transaction processing cloud platform[50]. - The company’s R&D expenditure totaled ¥239,511,084.86, representing 10.34% of the operating revenue, with an increase of 10.38% compared to the previous year[68]. - The number of R&D personnel increased by 18.98% to 3,197, making up 69.86% of the total workforce[68]. - The company plans to launch new R&D results into the market to enhance revenue generation[68]. Corporate Governance and Compliance - The company has complied with relevant laws and regulations regarding corporate governance and financial reporting[111]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. - The company has not reported any major litigation or arbitration matters affecting its financial position[116]. - The company has established a complete information disclosure system to ensure timely and accurate communication with investors, enhancing transparency in its operations and financial status[143]. - The company has implemented a stable dividend policy and actively protects the rights of shareholders and investors, contributing to harmonious development with stakeholders[143]. - The company emphasizes integrity in its operations, adhering to legal standards to prevent commercial bribery and ensuring fair business practices[145]. - The company has maintained independence in operations, finance, and management from the controlling shareholder, protecting the interests of all shareholders, especially minority shareholders[200]. - The board of directors complied with the Company Law and internal regulations, ensuring a structured and professional decision-making process[200]. - The board established five specialized committees, including audit, strategy, nomination, compensation, and risk management, to enhance governance[200]. Social Responsibility and Community Engagement - The company is committed to corporate social responsibility, focusing on product service and investor protection[142]. - The company has initiated poverty alleviation training programs in Longzhupeng Village, Yunnan Province, conducting three training sessions focused on agriculture and livestock management[147]. - The company has been recognized as a major taxpayer in the region, supporting local economic development through its tax contributions[145]. - The company is committed to employee welfare, providing equal employment opportunities and a safe working environment, which includes regular health checks and safety training[144]. - The company plans to continue its social responsibility initiatives while pursuing sustainable growth in 2018[146]. Shareholder Information - The company has a total share capital of 246,606,046 shares as of December 31, 2017[102]. - The total number of common shareholders at the end of the reporting period was 34,486, an increase from 33,724 at the end of the previous month[158]. - The largest shareholder, Nantian Electronic Information Industry Group, holds 26.88% of the shares, totaling 66,281,031 shares, with a decrease of 8,400 shares during the reporting period[158]. - Yunnan Provincial Industrial Investment Holding Group holds 9.27% of the shares, totaling 22,870,213 shares, with no changes during the reporting period[159]. - The company has no preferred shares issued by the company during the reporting period[167]. - The company has not engaged in any financing or securities lending activities during the reporting period[160]. Leadership and Management - The company has seen changes in its board with several directors and supervisors leaving and new appointments made[170]. - The company appointed Xu Hongcan as the new Chairman and President on December 27, 2017, following the resignation of Lei Jian and Wu Shujun due to work reasons[173]. - The company has established a strong leadership team with members holding significant positions in other organizations, indicating a broad network for potential partnerships[182]. - The company’s independent directors bring extensive experience from various sectors, contributing to its strategic decision-making processes[180]. - The company emphasizes risk management and quality control, with dedicated roles for these functions within its management structure[181]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,116.72 million[192]. - The company employed a total of 4,576 staff, with 3,197 in technical roles, 259 in sales, and 217 in production[193][194].