NANTIAN(SZ:000948)2025-04-28 16:00Financial Performance - The company's operating revenue for 2024 was ¥9,450,760,048.59, representing a 3.43% increase compared to ¥9,137,566,648.95 in 2023[6]. - The net profit attributable to shareholders for 2024 decreased by 25.78% to ¥115,626,951.06 from ¥155,792,305.64 in 2023[6]. - The net profit after deducting non-recurring gains and losses increased by 41.62% to ¥100,926,329.91 in 2024, compared to ¥71,264,735.57 in 2023[6]. - The net cash flow from operating activities for 2024 was ¥161,496,008.59, down 8.18% from ¥175,874,736.32 in 2023[6]. - The total assets at the end of 2024 were ¥10,159,851,622.69, a 3.05% increase from ¥9,859,326,298.13 at the end of 2023[6]. - The net assets attributable to shareholders increased by 4.17% to ¥2,702,153,412.77 at the end of 2024, compared to ¥2,593,893,742.94 at the end of 2023[6]. - The company reported a basic earnings per share of ¥0.2955 for 2024, down 27.40% from ¥0.4070 in 2023[6]. - The company achieved a revenue of 9.451 billion yuan in the reporting period, representing a year-on-year growth of 3.43%[57]. - The net profit attributable to shareholders decreased by 25.78% to 116 million yuan, while the net profit excluding non-recurring gains and losses increased by 41.62% to 101 million yuan[57]. Dividend Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 0.9 CNY per 10 shares based on a total of 393,617,825 shares[4]. - The company implemented a cash dividend distribution plan for the fiscal year 2023, distributing a total of 47,249,398.44 CNY (including tax) to shareholders at a rate of 1.20 CNY per 10 shares based on a total share capital of 393,744,987 shares as of March 31, 2024[154]. - The total distributable profit available for shareholders was 540,571,138.10 CNY, with the cash dividend amounting to 35,425,604.25 CNY, representing 100% of the profit distribution total[156]. - The company plans to distribute a cash dividend of 0.9 CNY per 10 shares (including tax) to shareholders based on a total share capital of 393,617,825 shares as of April 10, 2025, totaling 35,425,604.25 CNY[157]. Business Strategy and Market Position - The company is positioned as a leading provider of financial technology digital solutions and services, focusing on software, solutions, integration, and professional IT services[29]. - The company is actively involved in the digital transformation of the financial sector, aligning with national policies aimed at enhancing financial technology and digital services[30][31]. - The company aims to leverage its digital service capabilities and technological accumulation to seize opportunities in the digital economy era[38]. - The company is focusing on optimizing bank operations and customer experience through a comprehensive digital platform[78]. - The company is committed to enhancing its research and development capabilities, with a focus on core technologies and creating a comprehensive ecosystem around application services[49]. - The company is strategically positioning itself for future growth through leadership changes and the introduction of new management personnel[134]. Research and Development - The company invested 507 million yuan in R&D throughout 2024, focusing on AI model development and application[60]. - The company has accumulated 168 valid patents and 1,236 software copyrights by the end of the reporting period[52]. - The number of R&D personnel increased to 6,862 in 2024, a growth of 10.70% compared to 2023[80]. - R&D investment amounted to ¥495,839,706.16 in 2024, representing a 4.83% increase from ¥473,009,301.49 in 2023[80]. - The proportion of R&D investment to operating revenue rose to 5.25% in 2024 from 5.18% in 2023[80]. Governance and Compliance - The company maintains an independent business operation and complete operational system, ensuring no interference from the controlling shareholder in decision-making and operational activities[119]. - The board of directors operates independently and adheres to legal requirements, with independent directors fulfilling their responsibilities diligently[119]. - The company has established a transparent performance evaluation and incentive system, ensuring fair and objective performance assessments for directors and senior management[121]. - The company has improved information disclosure quality, ensuring timely and accurate information is available to all investors, thereby increasing transparency[121]. - The company has established a robust internal control system to enhance risk prevention capabilities and ensure compliance with laws and regulations[122]. Market Expansion and Sector Diversification - The company is actively expanding into non-financial sectors such as transportation, energy, and government, leveraging its strengths in fintech[59]. - The company aims to expand its market presence in Yunnan and contribute to the "Digital Yunnan" initiative[102]. - The company is focusing on the "Digital Yunnan" initiative and new infrastructure projects, targeting orders in data centers, industrial internet platforms, and blockchain technology[107]. - The company is committed to enhancing governance standards to provide institutional guarantees for development, ensuring shareholders can fully exercise their rights[188]. Social Responsibility and Environmental Initiatives - The company emphasizes environmental protection and has implemented a diverse range of green and eco-friendly operational models[180]. - The company has established an energy consumption online monitoring platform to manage carbon emissions effectively[180]. - The company promotes a paperless office initiative and encourages employees to conserve resources, enhancing its green office standards[181]. - The company actively engages in social responsibility initiatives, including providing small loan application systems for rural markets[185]. - The company has contributed to educational support by donating school supplies and scholarships to underprivileged students[185]. Risks and Challenges - The company acknowledges various risks including industry policy risk, market competition risk, talent loss risk, technology risk, and economic environment risk[3]. - The competitive landscape in financial IT services is intensifying, with new entrants from internet companies and emerging technologies increasing market competition[110]. - The company faces economic environment risks due to global economic fluctuations, trade tensions, and supply chain challenges[114]. - The company recognizes potential risks including policy changes that could impact industry demand, particularly in the financial sector[109]. Management and Leadership Changes - The company experienced a management reshuffle with multiple appointments and resignations, including the election of Mr. Chen Yufeng as Vice Chairman and President on December 19, 2024[132]. - The company appointed Mr. Zheng Yongyong as the new CFO effective March 18, 2025, following the resignation of Mr. Yan Chunguang[131]. - The current board includes professionals with diverse backgrounds, such as Mr. Xu Hongcan, who has held various senior positions within the company[133]. - The company is actively expanding its management team, with several new appointments in key positions to enhance operational efficiency[136].