Apex(SH:603383)2019-04-01 16:00Financial Performance - The company's operating revenue for 2018 was CNY 295,522,213.41, representing a 21.23% increase compared to CNY 243,776,725.70 in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 119,777,157.54, a 17.53% increase from CNY 101,908,339.29 in 2017[23]. - The net profit after deducting non-recurring gains and losses was CNY 95,349,207.94, which is an 8.79% increase from CNY 87,646,870.42 in 2017[23]. - The company's total assets at the end of 2018 were CNY 1,237,667,044.24, a 6.86% increase from CNY 1,158,203,046.86 at the end of 2017[23]. - The basic earnings per share for 2018 was CNY 1.01, a decrease of 10.62% from CNY 1.13 in 2017[23]. - The diluted earnings per share for 2018 was CNY 1.00, an increase of 4.17% from CNY 0.96 in 2017[23]. - The company generated a net cash flow from operating activities of CNY 92,652,549.41 in 2018, a decrease of 10.62% compared to CNY 103,665,536.19 in 2017[23]. Dividend Policy - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling 60,106,900 RMB, with the remaining undistributed profits carried forward for future distribution[6]. - The company distributed cash dividends of 5 RMB per 10 shares, totaling 60,106,900 RMB, which represents 50.18% of the net profit attributable to ordinary shareholders[103]. - The company prioritizes cash dividends in its profit distribution policy, distributing profits in cash whenever there are distributable profits after covering losses and legal reserves[111]. - The company has a long-term commitment to maintain independence and not to harm the interests of minority shareholders[112]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial report[5]. - The company has maintained compliance with decision-making procedures regarding external guarantees[8]. - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[8]. - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months from the date of listing[104]. Market and Industry Trends - The financial industry faced increased regulatory scrutiny in 2018, impacting the overall market environment and prompting the company to adapt its strategies accordingly[33]. - The average daily trading volume in the securities market was 398.7 billion yuan, down 19% compared to the previous year[34]. - The number of newly added investors per week averaged 250,000, a decrease of 21% year-on-year[34]. - The asset management industry saw a 15.12% year-on-year increase in managed fund scale, reaching 12.78 trillion yuan by the end of 2018[38]. Technology and Innovation - The company aims to expand its information technology solutions in the financial sector, focusing on securities, futures, and banking industries[30]. - The company launched several technology platforms, including a mobile application development platform and an artificial intelligence integration platform, to support financial institutions[44]. - The company emphasized the importance of information technology investment, with a focus on enhancing service efficiency and compliance management[34]. - The company plans to continue investing in financial internet services and big data platforms to enhance technology application across business lines[71]. Customer Relations and Market Expansion - The company has established a strong customer base in the securities finance industry and continues to develop new clients while maintaining existing relationships[33]. - The company is actively expanding its market share and innovating its business model in response to regulatory changes and market conditions[41]. - The company aims to enhance customer experience and reduce costs through the application of technologies such as machine learning and neural networks in customer analysis and service delivery[85]. - Wealth management services will focus on integrating various business segments to provide comprehensive and diversified services, leveraging big data and AI for personalized investment advice[86]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the operational discussion and analysis section of the report[8]. - The company faces risks from intensified industry competition and potential challenges in technology development and human resources[97][98][99]. - The company aims to optimize risk management through big data processing and enhance customer identification using advanced technologies[88]. Corporate Governance - The company emphasizes the importance of investor relations and information disclosure, having completed 81 announcements during the reporting period[162]. - The company is committed to corporate governance, ensuring clear responsibilities among the board, supervisors, and management[162]. - The company has a commitment to social responsibility, actively participating in charitable activities since its establishment[165]. Shareholder Information - The total number of ordinary shares increased from 85,867,000 to 120,213,800 after the implementation of the 2017 profit distribution plan, which included a cash dividend of 0.50 yuan per share and a capital reserve conversion of 0.40 shares per share[172]. - The largest shareholder, Yan Mengyu, holds 25,634,010 shares, representing 21.32% of the total shares[181]. - The company does not have any controlling shareholder or actual controller changes during the reporting period[187]. - The total pre-tax remuneration for the chairman during the reporting period was 655,200 RMB[197].