Financial Performance - The company reported a loss attributable to owners of RMB 137.8 million for the year ended December 31, 2024[4]. - Operating revenue increased by 3.28% to RMB 1,472.39 million compared to the previous year[4]. - Basic loss per share was RMB 0.048, compared to a loss of RMB 0.025 per share in 2023[4]. - Operating revenue for the current period reached approximately $1.47 billion, an increase of 3.5% compared to the previous period's $1.43 billion[10]. - Operating profit for the current period was approximately $13.39 million, a significant recovery from a loss of approximately $90.42 million in the previous period[10]. - Net profit for the current period was approximately -$6.29 million, improving from a net loss of approximately -$62.09 million in the previous period[10]. - The total comprehensive income for the current period was approximately -$6.29 million, compared to -$62.09 million in the previous period[11]. - Total profit amounted to RMB 5.12 million, a significant improvement of RMB 95.35 million from a loss of RMB 90.23 million in the previous year[61]. - The attributable loss to shareholders was RMB 13.78 million, a reduction of RMB 59.13 million compared to the previous year's loss[56]. Assets and Liabilities - Total current assets decreased to RMB 1,501.36 million from RMB 1,592.40 million year-over-year[6]. - Total liabilities decreased to RMB 1,169.19 million from RMB 1,294.01 million year-over-year[7]. - Total assets decreased to RMB 2,362.29 million from RMB 2,496.82 million year-over-year[8]. - Shareholders' equity attributable to the parent company decreased to RMB 1,127.90 million from RMB 1,144.95 million year-over-year[8]. - Cash and cash equivalents decreased to RMB 723.37 million from RMB 814.10 million year-over-year[6]. - The group’s total assets decreased by 5.39% to RMB 2,362.29 million as of December 31, 2024[72]. - The group’s bank deposits and cash decreased by 11.14% to RMB 723.37 million compared to the previous year[72]. Dividends - The board proposed a final dividend of RMB 0.07 per share for the year ended December 31, 2024, compared to no dividend in 2023[4]. - The company proposed a cash dividend of RMB 0.07 per share, totaling RMB 20.29 million, pending shareholder approval[58]. - The company is obligated to withhold corporate income tax at a rate of 10% on dividends distributed to non-resident corporate shareholders listed on the H-share register[77]. - To qualify for the proposed final dividend, shareholders must submit the necessary transfer documents by June 25, 2025[79]. Taxation - The company obtained a high-tech enterprise certificate on October 26, 2023, allowing a reduced corporate income tax rate of 15% for three years[31]. - The company has no taxable profits for the year from its subsidiary, Shouxin Hong Kong[31]. - The company’s main tax rates include a corporate income tax rate of 25% and a value-added tax rate ranging from 5% to 13%[29]. - The company benefits from small and micro enterprise income tax incentives, with a reduced rate applicable until December 31, 2027[33]. Accounts Receivable and Payable - The total accounts receivable at the end of the period is $661,137,403.58, an increase from $656,305,725.61 at the end of the previous year[39]. - The provision for bad debts increased to $206,596,490.98, up from $192,943,781.91 year-over-year, reflecting a loss rate of 31.25%[40]. - The company made a provision of $51,361.59 for bad debts during the current period, bringing the ending balance to $52,370.78[38]. - The total accounts payable at the end of the period is RMB 575,719,949.40, up from RMB 398,969,828.62 at the end of the previous year[48]. - The electronic government sector accounts for 76.84% of the total accounts receivable, with a provision of $122,231,616.12 at a loss rate of 24.06%[42]. - The electronic commerce sector has a loss rate of 51.54%, with a provision of $73,123,224.66[42]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, party committee, board of directors, and supervisory board[12]. - The financial statements are prepared based on the going concern assumption and comply with relevant accounting standards[14]. - The company has complied with all provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules during the year and thereafter[80]. - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, including the accounting principles adopted by the group[83]. Business Operations - The company operates in the software industry, focusing on network application services and system integration[13]. - The company is actively expanding its digital infrastructure, securing orders from 27 first-level and 42 second-level municipal enterprises[62]. - The company completed the implementation of a zero-trust project for the government network security access platform, enhancing network security management capabilities[62]. - The company launched a medical insurance emergency settlement system, ensuring stable operation of the medical insurance information platform[63]. - The average daily transaction volume for medical insurance mobile payment reached over 40,000 transactions, with over 200 medical institutions connected[63]. - The group accumulated user data of nearly 4 million through the "Hongguozi" digital platform, enhancing data analysis capabilities[65]. - The group plans to strengthen its marketing system and brand development as part of its "industry, product, and regional" strategy[68]. Employee Information - The group has a total of 1,765 employees as of December 31, 2024, an increase from 1,624 in 2023, with R&D personnel numbering 1,284[69]. Risk Management - The board regularly reviews the risk management and internal control systems to ensure their effectiveness[85]. - There were no significant events after December 31, 2024, that would materially affect the group's operational and financial performance as of the announcement date[84]. Future Reporting - The 2024 annual report will be sent to shareholders and published on the stock exchange and the company's website for investor access[86].
首都信息(01075) - 2024 - 年度业绩