CHASE(SZ:300941)2025-04-24 11:30Financial Performance - The company's operating revenue for 2024 was ¥209,360,358.05, a decrease of 19.86% compared to ¥261,245,408.45 in 2023 [20]. - Net profit attributable to shareholders for 2024 was ¥55,606,943.48, down 31.57% from ¥81,266,203.41 in 2023 [20]. - Basic earnings per share decreased by 32.50% to ¥0.27 in 2024 from ¥0.40 in 2023 [20]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥54,022,251.96 in 2024, down 31.09% from ¥78,389,853.19 in 2023 [20]. - The company received government subsidies amounting to ¥692,943.53 in 2024, down from ¥2,028,196.64 in 2023 [26]. - The company's weighted average return on equity decreased to 4.35% in 2024 from 6.41% in 2023, a decline of 2.06% [20]. - The company achieved operating revenue of CNY 209.36 million, a decrease of 19.86% compared to the previous year, and a net profit attributable to shareholders of CNY 55.61 million, down 31.57% year-on-year [69]. - The revenue from merchant hardware significantly declined to CNY 64.62 million, a drop of 45.12% year-on-year, which was a major factor in the overall revenue and profit decrease [70]. - Digital marketing revenue surged to CNY 42.71 million, reflecting a growth of 114.61% compared to the previous year, becoming one of the company's key growth engines [70]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total of 202,958,847 shares [3]. - The total cash dividend (including other methods) for the reporting period was RMB 34.530 million, representing 100% of the profit distribution total [173]. - The company reported a net cash flow from operating activities of ¥15,841,761.98, a significant increase of 1,899.90% compared to the previous year [101]. - Total cash inflow from operating activities reached ¥508,868,253.11, reflecting a year-on-year growth of 20.68% [101]. - The company plans to distribute a cash dividend of RMB 1.40 per 10 shares, totaling RMB 28.414 million for the 2023 fiscal year, with no stock dividends or capital reserve transfers [168]. - The 2024 mid-term dividend proposal includes a cash distribution of RMB 0.20 per 10 shares, amounting to RMB 4.059 million, also with no stock dividends or capital reserve transfers [169]. Market and Industry Trends - The company is positioned to benefit from the ongoing digital economy initiatives outlined in national policies, which aim to enhance the integration of digital and traditional industries [29]. - The digital yuan pilot program has expanded to 26 regions across 17 provinces, with cumulative transaction amounts exceeding 7 trillion yuan by June 2024 [38]. - The digital payment industry is evolving from a single payment service to a comprehensive digital service, enhancing merchant digital transformation [37]. - The internet user base in China reached 1.108 billion by 2024, with an internet penetration rate of 78.6% [31]. - The company is focusing on innovation-driven development, emphasizing electronic payments and digital marketing as dual engines for growth, with plans to expand into new industries such as elderly care and tourism [71]. Strategic Initiatives and Innovations - The company has transitioned from an electronic payment IT solution provider to a digital solution provider, offering integrated payment and digital marketing services [45]. - The company aims to expand its marketing services from banks to larger enterprises in various sectors, providing comprehensive marketing solutions [46]. - The company is integrating AI technology into its solutions, particularly in the development of a comprehensive smart elderly care system and medical products, to improve service efficiency and patient experience [73]. - The company has initiated over 20 provincial-level digital marketing projects, becoming a public domain traffic service provider for various banks [69]. - The company is committed to deepening its penetration into the scenic area business field, enhancing user experience through continuous optimization and upgrading of services [94]. Governance and Compliance - The company has established a complete independent financial department with a sound financial management system, ensuring no interference from the controlling shareholder [133]. - The company has developed a series of governance documents, including the internal audit system, to ensure compliance and protect shareholder rights [132]. - The company has maintained a complete separation of personnel, assets, and finances from the controlling shareholder, ensuring independent operations [133]. - The company is committed to improving its governance structure in compliance with relevant laws and regulations to protect investor rights [125]. - The company has not reported any violations or significant deficiencies in its governance practices as of the reporting period [132]. Employee and Training Initiatives - The company has established a multi-level training system to enhance employee skills and management capabilities, including onboarding, professional, and management training [166]. - The total number of employees at the end of the reporting period is 331, with 171 in the parent company and 160 in major subsidiaries [163]. - The educational background of employees includes 18 with master's degrees, 186 with bachelor's degrees, 113 with associate degrees, and 14 with education below associate level [164]. - Total employee compensation for the reporting period amounted to RMB 9.823 million, accounting for 9.64% of the total company costs, with minimal impact on profits [165]. Future Outlook and Commitments - The company anticipates significant breakthroughs in its smart elderly care business by 2025, aiming to further reduce reliance on a single bank for revenue [127]. - The company plans to accelerate the implementation of fundraising investment projects, primarily focusing on "industry electronic payment solution upgrades," "merchant service networks," and "R&D centers" to enhance its core business [194]. - The company recognizes the potential risks to future profits due to external factors and does not guarantee future profit outcomes despite the implementation of its compensation measures [195]. - The company is committed to compensating investors for losses incurred due to any misleading information in its IPO prospectus, with compensation limited to actual direct losses [193]. - The company aims for a minimum cash dividend ratio of 80% during profit distribution when in a mature development stage without significant capital expenditure [199].