Apex(SH:603383)2020-04-07 16:00Financial Performance - The company's operating revenue for 2019 was CNY 339,891,140.89, representing a 15.01% increase from CNY 295,522,213.41 in 2018[25]. - Net profit attributable to shareholders for 2019 was CNY 127,185,538.72, a 6.19% increase compared to CNY 119,777,157.54 in 2018[25]. - The net cash flow from operating activities increased by 30.53% to CNY 120,940,523.48 in 2019 from CNY 92,652,549.41 in 2018[25]. - Basic earnings per share for 2019 was CNY 1.07, up 5.94% from CNY 1.01 in 2018[26]. - The total assets at the end of 2019 were CNY 1,331,629,380.90, reflecting a 7.59% increase from CNY 1,237,667,044.24 at the end of 2018[25]. - The total equity attributable to shareholders at the end of 2019 was CNY 1,126,864,529.97, an 8.65% increase from CNY 1,037,172,799.13 at the end of 2018[25]. - The company reported a net profit of CNY 69,752,746.03 in Q4 2019, significantly higher than CNY 21,272,977.48 in Q3 2019[29]. - The company achieved total revenue of CNY 33,989.11 million, a year-on-year increase of 15.01%[68]. - Net profit attributable to shareholders reached CNY 12,718.55 million, up 6.19% compared to the previous year[68]. Dividend Policy - The profit distribution plan for 2019 includes a cash dividend of 5 RMB per 10 shares, totaling 60,092,620 RMB, which accounts for 47.25% of the net profit attributable to shareholders[6]. - The company distributed a cash dividend of 5 RMB per 10 shares, totaling 60,106,900 RMB for the 2018 fiscal year, which represents 50.18% of the net profit attributable to ordinary shareholders[109]. - The company has a commitment to maintain a clear cash dividend policy that protects the rights of minority investors, with a complete decision-making process for profit distribution[109]. - The company has established a three-year dividend return plan post-IPO, ensuring transparency and adherence to regulations[109]. - The company has committed to a cash dividend policy, prioritizing cash distribution of profits after covering losses and allocating statutory reserves[116]. Risk Factors - The company has outlined potential risks in its operational analysis section, which investors should be aware of[8]. - The company faces risks from intensified industry competition, which may lead to a decline in market position due to the increasing scale and competitiveness of existing competitors[107]. - There is a risk related to technology, as failure to keep up with technological advancements may result in the loss of competitive advantages in product development[107]. - The company is exposed to human resource risks due to the high demand for financial IT talent, which may impact its workforce stability and costs[107]. - Compliance risks exist if clients face penalties or if the company's software services are suspended, potentially harming operations[107]. - The company currently enjoys tax incentives, but future changes in eligibility could adversely affect performance[107]. Corporate Governance - The company has established legal commitments to ensure compliance with corporate governance regulations[119]. - The company will bear civil compensation responsibilities for any financial losses caused by past irregular capital increases[120]. - The company will not seek control over the financial investment in Vertex Software, acting solely as a financial investor[121]. - The company has a long-term commitment to maintaining its independence and protecting the interests of minority shareholders[116]. - The company emphasizes fair and equitable pricing in related party transactions, adhering to market principles[116]. Business Expansion and Strategy - The company is actively expanding its business in both financial and non-financial sectors, leveraging its strong client relationships[37]. - The company aims to enhance its information technology systems to create a differentiated competitive advantage in the financial sector[42]. - The company is focusing on wealth management and personalized customer marketing services to improve client engagement and service quality[42]. - The company plans to enhance its research in foundational technologies such as big data, artificial intelligence, and blockchain, aiming to support various business lines[100]. - The company aims to expand its market presence in sectors like trust, small and medium banks, funds, and electronic trading, leveraging existing influential client relationships[102]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 16,672, down from 18,347 at the end of the previous month[173]. - The largest shareholder, Yan Mengyu, holds 25,634,010 shares, representing 21.33% of the total shares[173]. - Jinshi Investment Co., Ltd. is the second-largest shareholder with 18,396,000 shares, accounting for 15.31%[175]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone holding over 50%[175]. - The company has a clear ownership and control relationship with its actual controller, as illustrated in the provided diagrams[182]. Research and Development - Research and development expenses increased by 15.83% to CNY 61,369.67 million, reflecting the company's commitment to innovation[68]. - The company invested ¥71,085,998.15 in R&D, accounting for 20.91% of total revenue, with 372 R&D personnel making up 31.45% of the total workforce[85]. - The company has developed core technologies in various fields, including distributed transaction middleware, memory databases, and AI integration platforms, which support its long-term competitive advantage[48]. 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 continues to employ the same accounting firm for the 2019 audit, with a fee of 400,000 RMB[125]. - There are no significant litigation or arbitration matters affecting the company during the reporting period[128].