DZH(SH:601519)2025-04-11 10:15Financial Performance - The company's net profit attributable to shareholders for 2024 was -201,271,049.65 RMB, a decrease of 296.51% compared to the previous year's profit of 102,421,517.25 RMB[4]. - Total revenue for 2024 was 770,853,436.03 RMB, representing a decline of 0.84% from 777,390,975.96 RMB in 2023[19]. - The net cash flow from operating activities was -160,739,215.20 RMB, a significant decrease of 181.31% compared to 197,680,853.84 RMB in the previous year[19]. - The company's total assets decreased by 15.68% to 1,940,036,813.32 RMB at the end of 2024, down from 2,300,883,452.39 RMB at the end of 2023[19]. - The net assets attributable to shareholders decreased by 15.42% to 1,433,249,147.35 RMB at the end of 2024, compared to 1,694,534,157.68 RMB at the end of 2023[19]. - Basic earnings per share for 2024 were -0.100 RMB, a decrease of 296.08% from 0.051 RMB in 2023[20]. - The weighted average return on equity for 2024 was -13.12%, a decrease of 19.35 percentage points from 6.23% in 2023[20]. - The company plans not to distribute profits for 2024 due to a net loss, and no capital reserve will be converted into share capital[4]. Research and Development - The company has increased R&D investment and personnel costs to expand new business, although the revenue from new business has not yet covered the additional costs[20]. - R&D expenses accounted for 28.66% of the company's operating revenue during the reporting period, reflecting a strong commitment to innovation[41]. - The company has established a core technology team of over 100 engineers and industry experts, focusing on cutting-edge technologies such as large models, artificial intelligence, and distributed computing[32]. - The company completed several key R&D projects, including the financial wisdom risk warning platform and the enterprise credit risk monitoring platform[66]. Business Strategy and Market Position - The company operates in three main business segments: securities information services, big data and data engineering services, and overseas business[39]. - The company has a comprehensive product portfolio, allowing it to provide a wide range of internet financial information services to various clients[41]. - The financial information services industry is experiencing rapid growth due to supportive national policies and the continuous deepening of capital market reforms[34]. - The company has established a strong market position and brand recognition, becoming one of the leading internet financial information service providers in China[40]. - The company is leveraging emerging technologies such as 5G, artificial intelligence, and big data to enhance service quality and efficiency[37]. Operational Challenges - The company reported a significant decline in cash flow from operating activities, with a net cash outflow of CNY -160.74 million, compared to a positive inflow of CNY 197.68 million in the previous year[48]. - The competitive landscape in the financial information services industry is intensifying, with both opportunities and challenges present for the company[38]. - The company acknowledges risks related to market volatility affecting its performance, particularly in the securities market[96]. - The company is aware of the risks associated with internet system security and is taking measures to ensure the stability of its financial information services[97]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[103]. - The company held 7 board meetings during the reporting period to discuss significant matters such as regular reports and profit distribution[103]. - The company emphasizes the importance of corporate governance and internal controls to strengthen its risk management system[95]. - The company has a complete and independent business system, ensuring that major decisions are made according to legal procedures[103]. Employee and Talent Management - The company emphasizes the importance of talent as a strategic resource and conducts various training programs to enhance employee skills[127]. - The company has established a flexible and personalized welfare system for employees, enhancing internal cohesion and engagement[126]. - The company has 688 R&D personnel, making up 41.70% of total employees, with a notable decrease in R&D staff compared to the previous year[64]. Financial Management and Investments - The company has invested RMB 151,322,783.16 in bank financial products and RMB 2,129,960.46 in money market funds, all sourced from its own funds[161]. - The company has a lease agreement for office space with Shanghai Dazhihui Co., amounting to RMB 19,423,009.42, effective from March 1, 2021, to February 28, 2026[162]. - The company has a total of 2,003,865,600 shares after the cancellation of 15,557,200 restricted shares due to non-compliance with incentive conditions[168]. Social Responsibility and Environmental Impact - The company reported a total investment of 4.60 million yuan in social responsibility projects, including 0.10 million yuan in charitable donations and 4.50 million yuan in material support for poverty alleviation[150]. - The company donated 4.00 million yuan worth of materials to Chongqing Shuanggui Middle School as part of its poverty alleviation efforts[151]. - The company has not established an environmental protection mechanism and reported zero investment in environmental protection during the period[146]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 170,066, an increase from 154,508 at the end of the previous month[173]. - The largest shareholder, Zhang Changhong, holds 665,224,457 shares, representing 33.20% of the total shares, with 50,000,000 shares pledged[175]. - The company repurchased a total of 9,660,000 shares, which is 0.48% of the total share capital, at a maximum price of 9.65 RMB per share[175].