TANSUN(SZ:300872)2025-04-24 15:41Financial Performance - The company's operating revenue for 2024 was approximately ¥1.77 billion, a decrease of 8.76% compared to ¥1.94 billion in 2023[17]. - Net profit attributable to shareholders decreased by 33.60% to approximately ¥77.50 million in 2024 from ¥116.73 million in 2023[17]. - The net profit after deducting non-recurring gains and losses dropped by 95.75% to approximately ¥2.72 million in 2024, compared to ¥63.94 million in 2023[17]. - Cash flow from operating activities decreased by 69.81% to approximately ¥122.66 million in 2024 from ¥406.29 million in 2023[17]. - Basic earnings per share decreased by 27.59% to ¥0.21 in 2024, down from ¥0.29 in 2023[17]. - The company reported a total revenue of CNY 1,766,211,579.5, a decrease of 8.76% compared to the previous year[55]. - Net profit attributable to shareholders was CNY 77,503,800, down 33.60% year-on-year, with a significant drop in net profit after deducting non-recurring items to CNY 2,716,500, a decrease of 95.75%[54]. Cash Flow and Investments - Operating cash inflow decreased by 4.00% to $2.33 billion, while cash outflow increased by 9.24% to $2.21 billion, resulting in a net cash flow from operating activities of $122.66 million, down 69.81% year-over-year[92]. - Investment cash inflow dropped by 29.31% to $1.98 billion, with cash outflow decreasing by 22.98% to $2.31 billion, leading to a net cash flow from investing activities of -$335.88 million, a decrease of 62.67% compared to the previous year[93]. - Financing cash inflow fell by 59.80% to $517.59 million, while cash outflow decreased by 35.59% to $424.35 million, resulting in a net cash flow from financing activities of $93.24 million, down 85.17% year-over-year[93]. - The net increase in cash and cash equivalents was -$119.94 million, a decline of 114.48% compared to the previous year[92]. Research and Development - The company invested approximately 32.72 million yuan in R&D in 2024, with a research and development rate of 18.53%, focusing on digital finance and intelligent credit applications[37]. - The company is focusing on seven major R&D projects, including digital currency applications and green finance, to enhance its technological capabilities and maintain a competitive edge in the banking IT solutions sector[73]. - The number of R&D personnel increased to 1,295 in 2024, up 1.49% from 1,276 in 2023[85]. - R&D expenditure amounted to ¥327,208,654.07 in 2024, representing 18.53% of operating revenue, an increase from 16.92% in 2023[85]. Market Strategy and Expansion - The company plans to enhance its core competitiveness through technology innovation and market expansion strategies in 2024[54]. - The company is actively pursuing international market expansion, particularly in Southeast Asia and the Middle East, leveraging its internationally certified credit card products[128]. - Market expansion efforts include entering three new international markets, projected to increase overall market share by 10%[6]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[9]. Technology and Innovation - The company utilizes advanced financial technologies such as AI, blockchain, cloud computing, and big data to support the digital transformation of the financial industry[141]. - The company aims to leverage its technological advancements to support the digital transformation and intelligent upgrade of the financial industry, enhancing its competitive edge[36]. - The company has seen a structural increase in technology investment, emphasizing the importance of data-driven strategies in the digital economy[29]. - The company is focusing on creating a comprehensive online marketplace system to enhance user engagement and business growth[75]. Risk Management - The company faces risks including market competition, technology and product development quality, and rising human resource costs[5]. - The comprehensive risk management system has been completed, providing a unified risk view and covering various risk types, which will help the company shift from passive to proactive risk management, reducing potential losses[83]. - The company is committed to optimizing management and enhancing profitability to mitigate potential goodwill impairment risks[132]. Shareholder and Governance - The company approved a cash dividend of RMB 0.50 per 10 shares for the 2023 fiscal year, totaling RMB 22,777,457.60, which represents 100% of the total distributable profit[188]. - The company has established a compensation and assessment committee under the board to review the performance of directors and senior management, with salary plans requiring board approval and shareholder meeting ratification[165]. - The company has a clear framework for evaluating and compensating its leadership, which is crucial for maintaining operational effectiveness and shareholder trust[165]. - The participation rate of investors in the 2024 first extraordinary general meeting was 42.87%[142]. Employee and Workforce Management - The total number of employees at the end of the reporting period is 8,754, with 8,406 in the parent company and 348 in major subsidiaries[177]. - The proportion of technical personnel in the company is 95.90% in 2024, compared to 95.64% in 2023, indicating stability in workforce composition[178]. - The company has a comprehensive training system aimed at enhancing employee capabilities and supporting sustainable development[179]. - The company emphasizes the importance of information security training, covering topics such as data encryption and network security[184].