盛通股份(002599) - 2017 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2017 was ¥1,403,484,004.75, representing a 66.40% increase compared to ¥843,448,632.89 in 2016[18]. - The net profit attributable to shareholders for 2017 was ¥92,544,369.35, a significant increase of 153.55% from ¥36,498,958.87 in 2016[18]. - The net profit after deducting non-recurring gains and losses reached ¥74,789,964.58, up 248.31% from ¥21,472,453.41 in the previous year[18]. - The company's total assets at the end of 2017 were ¥2,348,790,745.18, marking a 68.59% increase from ¥1,393,184,148.31 at the end of 2016[18]. - The net assets attributable to shareholders increased by 123.63% to ¥1,536,798,018.18 from ¥687,199,275.31 in 2016[18]. - The basic earnings per share for 2017 was ¥0.29, a 7.41% increase from ¥0.27 in 2016[18]. - The weighted average return on equity for 2017 was 6.70%, up from 5.49% in 2016[18]. - The net cash flow from operating activities was negative at -¥5,399,525.96, a decline of 103.59% compared to ¥150,211,205.17 in 2016[18]. Business Expansion and Investments - The company invested in several quality education projects, including controlling stakes in Zhongming Digital, Programming Cat, and Xiao Cheng Bao, enhancing its diversified business layout[35]. - The company completed the acquisition of 100% equity in Beijing Lebo Education Technology Co., Ltd. for a total consideration of ¥430 million, enhancing its presence in the children's technology education sector[49]. - The company is actively exploring strategic partnerships and investments to enhance its competitive edge in the education sector[54]. - The company has established 93 direct stores and 190 franchise stores across 25 provinces and municipalities, covering all first and second-tier cities[32]. - The company launched the "Publishing Comprehensive Service Cloud Platform" to optimize production capacity and improve service efficiency[28]. Revenue from Segments - The company's publishing service business generated revenue of 1,220.75 million yuan in 2017, a year-on-year increase of 44.73%[43]. - The education training segment generated revenue of ¥182,736,569.92, accounting for 13.02% of total revenue[57]. - The company reported a significant increase in long-term equity investments, growing by CNY 1.2333 million, or 50.49%[30]. - The digital reading market in China was valued at 12 billion yuan in 2016, accounting for 17.12% of the physical book retail market[41]. Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥0.50 per 10 shares (including tax) to all shareholders[6]. - The cash dividend represents 100% of the total distributable profit of 288,626,669.84 RMB[118]. - In 2017, the cash dividend payout ratio was 17.55% of the net profit attributable to shareholders, compared to 13.18% in 2016 and 20.75% in 2015[118]. - The cash dividend distribution plan has been submitted for approval at the annual shareholders' meeting[118]. Operational Challenges and Strategies - The company reported a significant increase in operating costs due to rising raw material prices, particularly paper, and is implementing measures to mitigate these costs[108]. - The company is facing market competition risks in the education sector and is focused on optimizing its service models and operations to maintain its competitive edge[108]. - The company is committed to enhancing its environmental protection efforts in response to increasing regulatory pressures, including investments in pollution control technologies[108]. Shareholder and Governance Structure - The total number of shareholders increased from 8,623 to 9,295 during the reporting period[181]. - The largest shareholder, Li Yanqiu, holds 24.15% of the shares, amounting to 78,255,528 shares, with 18,243,750 shares pledged[181]. - The company has a diverse board with members holding various professional backgrounds, including finance, management, and law, enhancing its strategic decision-making capabilities[193]. - The company has seen no significant changes in the independent directors' shareholdings, maintaining a stable governance environment[190]. Environmental and Social Responsibility - The company has been recognized as a national top 100 printing enterprise and a first batch national green printing demonstration unit, emphasizing its commitment to sustainable development and green printing practices[158]. - The company reported a total VOCs emission of 49.83 tons, complying with the relevant environmental standards[162]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau[163].