Apex(SH:603383)2025-04-10 12:40Dividend Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares, totaling approximately 123.23 million RMB based on the total share capital as of December 31, 2024, which represents 84.70% of the net profit attributable to shareholders for the year 2024[7]. - The total cash dividend for 2024, including the interim distribution, amounts to approximately 164.31 million RMB[7]. - The board approved a profit distribution plan proposing a dividend payout of 0.5 RMB per share for 2023[89]. - The company declared a cash dividend of 2 RMB per 10 shares for the 2024 interim period, totaling 41,077,395.80 RMB[120]. - The cumulative cash dividend amount over the last three accounting years reached 489,649,913.60 RMB, with a cash dividend ratio of 247.59% based on the average annual net profit of 197,763,458.47 RMB[122]. - The cash dividend distributed was 188,316,717.60 RMB, accounting for 80.73% of the net profit attributable to shareholders for the year 2023[152]. Financial Performance - The company reported a revenue of CNY 663,730,731.56 for 2024, a decrease of 10.78% compared to 2023[24]. - Net profit attributable to shareholders was CNY 193,990,061.18, down 16.84% from the previous year[24]. - The basic earnings per share decreased by 17.39% to CNY 0.95 in 2024[25]. - The weighted average return on equity fell to 13.09%, a decrease of 3.44 percentage points from 2023[25]. - The company experienced a decline in cash flow from operating activities, reporting CNY 193,025,697.73, down 16.52% year-on-year[24]. - The company achieved total operating revenue of 66,373,070.71 CNY, a decrease of 10.78% compared to the same period last year[54]. - The net profit attributable to shareholders was 19,399,010.00 CNY, down 16.84% year-on-year[54]. - Operating costs decreased by 4.68% to 218,720,555.16 CNY, attributed to the reduction in revenue[55]. - The gross profit margin for the application software segment was 67.05%, down 2.11 percentage points from the previous year[58]. - The company reported a significant increase in fair value changes, with a gain of 4,252,441.00 CNY, up 375.55% year-on-year[55]. Risk Management - The company has outlined potential risks in the report, which are detailed in the management discussion and analysis section[10]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[8]. - The company has a comprehensive risk management strategy in place, as detailed in the report[10]. - The company faces risks from intensified industry competition, technological advancements, regulatory compliance, and potential loss of tax benefits[83]. - The company has not violated decision-making procedures for external guarantees[10]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[9]. Innovation and Development - The company focused on innovation-driven development, increasing R&D investment in its "3+1" technology platform[35]. - The company aims to integrate cross-industry business development, focusing on four major fintech sectors: new trading systems, wealth management, new asset management systems, and large operation systems[35]. - The company strengthened partnerships with domestic software and hardware firms like Huawei and Tencent to build a collaborative fintech ecosystem[36]. - The company has successfully launched the A5 core trading system, achieving a client base of 10 firms during the reporting period[38]. - The wealth management segment has expanded its client base to over 300, adding more than 20 new clients in the reporting period[41]. - The company has developed the IBLive real-time asset bookkeeping system, which has been successfully implemented in multiple public funds and securities asset management institutions[43]. - The HTS series has been upgraded, with the introduction of the HTS3.0 ultra-fast trading system and the commodity futures rapid trading system, enhancing performance significantly[39]. - The wealth management technology product system has undergone multi-dimensional upgrades, including the launch of the TAMP (Total Asset Management Platform) tailored for the local market[42]. - The company has introduced AI capabilities into its institutional services, creating comprehensive solutions for institutional clients across various functions[45]. - The investment banking business line has seen stable growth, adding multiple new securities clients during the reporting period[46]. - The company has successfully deployed its comprehensive risk control platform in a leading futures company, enhancing operational efficiency[47]. - The company is actively exploring new technologies and applications in the element trading and equity investment markets, focusing on the digital transformation of the industry[47]. Governance and Compliance - The governance structure of the company is well-defined, with a clear separation of powers among shareholders, the board, and management, ensuring compliance with legal requirements[85]. - The company has established a robust internal control system, ensuring compliance with regulatory requirements[87]. - The company’s audit committee held four meetings during the reporting period, reviewing the 2023 annual report and financial statements[104]. - The audit committee expressed confidence in the independent audit conducted by the accounting firm, highlighting their professionalism and integrity[104]. - The company has not faced any penalties from securities regulatory agencies in the past three years[99]. - The company has not reported any environmental penalties or issues during the reporting period[130]. - The company has established an environmental protection mechanism but did not disclose any specific investment in environmental protection funds during the reporting period[129]. - The company has not encountered any significant accounting policy changes or errors that would impact its financial reporting[138]. Employee and Management - The total number of employees in the company and its main subsidiaries is 1,816, with 1,608 being technical personnel[111]. - The company has a competitive salary policy and provides various insurance and benefits to employees, ensuring compliance with labor laws[112][113]. - The company has established a training system to support employee development, offering targeted training for different employee levels[114]. - The company has a remuneration and assessment committee that provides recommendations on the remuneration system and performance evaluation for directors and senior management[97]. - The company’s management team reported an increase in their shareholdings, with the chairman's shares rising by 20% due to equity distribution[91]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.686 million yuan[97]. Shareholder Information - The total number of shares increased from 171,197,016 to 205,386,979 after a capital increase of 34,239,403 shares, representing a 20% increase in total shares[151]. - The actual controller of the company, Yan Mengyu, is also the chairman and general manager, ensuring consistent leadership[167]. - The largest shareholder, Yan Mengyu, holds 43,065,137 shares, representing 20.97% of the total shares[160]. - The company has a total of 204,498,019 unrestricted shares, representing 99.57% of the total[151]. - The company has no strategic investors or general corporations becoming top 10 shareholders through new share placements[164]. - There are no changes in the controlling shareholder during the reporting period, maintaining stability in ownership[165]. Audit and Financial Reporting - The company has received a standard unqualified audit report from its accounting firm, indicating the financial report's authenticity and completeness[6]. - The audit opinion confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2024[1]. - The audit procedures included sampling tests of sales revenue and verification of acceptance documents to ensure proper revenue recognition[181]. - The company’s management is responsible for preparing financial statements in accordance with accounting standards and maintaining necessary internal controls[187]. - The audit report emphasizes the importance of evaluating the appropriateness of accounting policies and estimates made by management[191]. - The audit firm has communicated significant audit findings and internal control deficiencies to the governance layer of the company[192].