Fortune Trend(SH:688318)2025-03-28 11:10Financial Performance - The company's operating revenue for 2024 was CNY 388,984,497.08, a decrease of 10.51% compared to 2023[21]. - The net profit attributable to shareholders for 2024 was CNY 303,941,251.50, down 2.18% from the previous year[21]. - The cash flow from operating activities decreased by 16.22% to CNY 199,444,601.70 in 2024[21]. - Basic earnings per share for 2024 were CNY 1.66, a decline of 2.35% compared to 2023[22]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 271,312,252.68, a decrease of 7.02% from 2023[21]. - The company achieved total revenue of ¥388,984,497.08, a year-on-year decrease of 10.51%[31]. - The net profit after deducting non-recurring gains and losses was ¥271,312,252.68, a decrease of 7.02% year-on-year[31]. - The gross margin for the main business in 2024 is 86.05%, up from 85.56% in the previous year, indicating improved cost management[89]. Research and Development - The R&D expenditure as a percentage of operating revenue increased by 6.16 percentage points to 23.52% in 2024[22]. - The company achieved a total R&D investment of ¥91,470,382.22, representing a 21.24% increase compared to the previous year[63]. - R&D investment accounted for 23.52% of total revenue, an increase of 6.16 percentage points from the previous year[63]. - The company has significantly increased its R&D investment, focusing on core technologies such as terminal technology, encoding and transmission technology, and security technology, which are at an advanced level domestically[56]. - The company is focusing on AI advancements, particularly in generative AI and language models, to enhance its financial technology product matrix[59]. - The company has developed a full-stack information technology innovation for securities firms, aimed at improving market efficiency and ensuring financial security[61]. - The company has established a comprehensive R&D innovation platform, continuously accumulating technological capabilities in various fields including database technology and security technology[56]. Corporate Governance - The company has received a standard unqualified audit opinion from Zhongshun Zhonghuan Accounting Firm[4]. - The company has not reported any special arrangements for corporate governance during the reporting period[8]. - The company emphasizes internal governance and risk control, focusing on investment risk management and internal control processes[123]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[122]. - The company held a total of 3 shareholder meetings during the reporting period, including the 2023 annual shareholder meeting[120]. - The board of directors consists of 7 members, including 3 independent directors, and held 6 meetings during the reporting period[121]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 91,471,240.00 RMB, which represents 30.10% of the net profit attributable to the parent company for 2024[5]. - The company has cumulatively distributed cash dividends of RMB 262,802,472.80 over the last three fiscal years, which is 102.63% of the average annual net profit during that period[158]. - The company’s cash dividend policy stipulates that at least 10% of the distributable profit must be distributed as cash dividends each year[149]. - The company has not proposed a cash dividend plan for the reporting period despite having positive distributable profits, which requires detailed disclosure of reasons and plans for retained earnings[154]. Market and Industry Position - The company focuses on digital transformation in the securities industry through technological and R&D innovations, including AI and cloud computing[32]. - The company is a key supplier of securities trading system software, with a strong focus on enterprise-level clients in the domestic market, maintaining a competitive edge through technical strength and service quality[51]. - The company serves 90% of domestic securities firms, establishing long-term partnerships and contributing significantly to the industry[168]. - The company is exposed to industry competition risks, as the securities software and information service sector is becoming increasingly crowded[82]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[3]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company faces risks related to a single revenue source, with over 75% of income derived from securities trading system sales and maintenance services[81]. Future Outlook and Strategy - The company has outlined a positive future outlook, projecting continued growth and expansion in key markets over the next fiscal year[129]. - By 2025, the company plans to focus on industry-leading technologies and improve product and service quality to ensure sustainable business growth[116]. - The company aims to enhance its market presence through strategic partnerships and the development of innovative financial technology products[70]. - The company will enhance the coverage of its Tongdaxin personal version product and strive to expand the user base of the Tongdaxin App[116]. Compliance and Legal Matters - The company has confirmed that it will adhere to all relevant laws and regulations in fulfilling its responsibilities and obligations to shareholders[191]. - The company has obtained all necessary business qualifications, approvals, and licenses for its current operations, which are valid and legally effective[192]. - The company emphasizes the importance of compliance with laws and regulations in its operations[192]. Employee and Talent Management - The company has a total of 475 employees, with 446 in the parent company and 29 in major subsidiaries[144]. - The employee composition includes 331 technical personnel, 8 sales personnel, and 6 financial personnel[145]. - The company has established a comprehensive welfare system, providing five social insurances and one housing fund, along with paid leave and holiday benefits[146]. - The company will continue to implement talent incentive programs and improve the working environment to attract and retain talent[117].