TROILA TECHNOLOGY(SH:600225)2020-04-22 16:00Financial Performance - The net profit of the parent company for 2019 was -449,511,997.90 CNY, resulting in an ending retained earnings of -159,213,408.79 CNY[6]. - The company will not distribute profits or increase capital reserves due to the negative net profit for the year[6]. - In 2019, the company's operating revenue was approximately ¥1.18 billion, a decrease of 62.94% compared to ¥3.19 billion in 2018[26]. - The net profit attributable to shareholders was a loss of approximately ¥912.30 million, compared to a loss of ¥386.94 million in 2018[26]. - The total profit for 2019 was -737 million yuan, a decline of 71.68% year-on-year[46]. - The net profit attributable to shareholders was -912 million yuan, representing a 135.77% decrease from the previous year[46]. - The company reported earnings per share of -0.98 yuan, down 137.86% compared to the previous year[46]. - The weighted average return on equity was -117.26%, a drop of 90.23 percentage points year-on-year[46]. - The company reported a significant loss due to high financing costs, particularly in the real estate sector, impacting the net profit attributable to shareholders[26]. - The company recorded non-operating income of approximately ¥7.35 million in 2019, a significant decrease from ¥917.06 million in 2018[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥919.65 million in 2019[26]. Audit and Compliance - The audit report issued by Zhongchao Zhonghuan CPA confirmed the financial statements without reservation but included emphasis on significant uncertainties regarding going concern[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[6]. - The company has not violated decision-making procedures for external guarantees[8]. - There were no non-operating fund occupations by controlling shareholders or related parties reported[8]. - The company has made commitments to avoid related party transactions and ensure fair pricing in any unavoidable transactions, adhering to legal and regulatory requirements[112]. - The management team has committed to not engage in any competing business activities during the performance commitment period from 2017 to 2019, ensuring no conflicts of interest[112]. Business Operations - The company is headquartered in Tianjin, with its registered address at Hai Tai Green Industry Base[20]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 600225[24]. - The company has appointed Zhongchao Zhonghuan CPA as its auditing firm for the fiscal year[25]. - The company has developed three data centers in China, enhancing its capabilities in the smart city sector[38]. - The company is focusing on software development and IT product distribution through its subsidiary, aiming to support digital economic development[38]. - The company has ongoing projects in Tianjin, including the Xi'an International residential project with a total area of 112,700 square meters and a completed area of 111,300 square meters[79]. - The company has a partnership in the Fuzhou Information Technology Industrial Park, covering an area of 158,562 square meters, with a 71.2% equity stake[79]. Financial Position - The total assets at the end of 2019 were approximately ¥12.94 billion, down 7.09% from ¥13.92 billion at the end of 2018[26]. - The company reported a long-term loan of 1.51 billion yuan, which is 11.66% of total liabilities[74]. - The accounts receivable and accounts payable were 952.31 million yuan and 2.33 billion yuan, respectively, with the latter representing 18.03% of total assets[71]. - The company has a total of 23,000 square meters of land held for development in the Nanda Affiliated Middle School project, with a planned construction area of 63,500 square meters[79]. - The company has a total of 1,583 square meters of land for the Tianjin Zhuolang Technology Park Data Center, with an actual investment of ¥130,000[82]. Market and Economic Conditions - The GDP of Tianjin in 2019 was 1.4104 trillion yuan, with a year-on-year growth of 4.8%[40]. - National real estate development investment in 2019 reached 13.2194 trillion yuan, an increase of 9.9% compared to the previous year[41]. - The company anticipates challenges in the real estate market due to high inventory pressure and varying sales performance based on location and property type[100]. - The company faces significant macro policy risks, particularly in the real estate sector, which is heavily influenced by land and financial policy adjustments[99]. Future Plans and Strategies - The company plans to continue expanding its information services and integrating Zhuolang Technology to enhance operational synergies[50]. - The company aims to improve cash flow by accelerating the recovery of accounts receivable and activating idle assets[97]. - The company plans to conduct financing leasing activities with a maximum amount of CNY 300 million in 2020[98]. - The company aims to strengthen its core team and reduce talent turnover risks through improved talent development and performance management systems[105]. - The company plans to recover over 2 billion yuan through various measures, including selling part of its stake in Tianjin Zhuolang Technology[126]. Legal Matters - There are ongoing significant litigation matters, including a lawsuit involving Tianjin Songjiang for a total claim of RMB 11,503,765.76 related to a delayed payment[138]. - Another lawsuit involves Nantong Second Construction Group, claiming RMB 99,960,000 for unpaid project fees[138]. - A third lawsuit from Tianjin Zhaosheng seeks RMB 313,273,189.64 for construction fees and penalties[138]. - The company has faced no substantial impact on its financial status or daily operations from the ongoing litigations[138]. Shareholder Information - The company’s total ordinary shares amount to 935,492,615, with 99.72% being unrestricted circulating shares[183]. - The largest shareholder, Tianjin Binhai Development Investment Holding Co., Ltd., holds 274,102,592 shares, representing 29.30% of total shares[193]. - The total number of ordinary shareholders at the end of the reporting period was 26,742, down from 29,616 in the previous month[190]. - The company has no new strategic investors or general legal entities becoming top ten shareholders during the reporting period[197].