Eazytec(SH:688258)2020-04-21 16:00Financial Performance - The company's operating revenue for 2019 was RMB 212,833,556.40, representing a 21.14% increase compared to RMB 175,693,964.16 in 2018[21]. - The net profit attributable to shareholders of the listed company decreased by 20.36% to RMB 41,074,894.24 from RMB 51,577,785.36 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 44,249,413.01, a 4.22% increase from RMB 42,457,412.82 in 2018[21]. - The net cash flow from operating activities increased significantly by 106.45% to RMB 53,632,420.23 from RMB 25,978,627.24 in 2018[21]. - The company reported a significant increase in revenue, achieving a total of 50 million RMB for the fiscal year 2019, marking a growth of 20% compared to the previous year[165]. - The main business revenue grew by 22.56% to 209.75 million yuan, with a corresponding cost increase of 17.90%[98]. - The company's revenue from software and information technology services reached ¥209.75 million, with a gross margin of 51.06%, representing a year-over-year increase of 22.56%[100]. - The gross margin for cloud services was 46.95%, with revenue of ¥149.06 million, reflecting a year-over-year increase of 12.96%[100]. - The IoT cloud services segment generated ¥86.79 million in revenue, with a gross margin of 34.90%, marking a year-over-year growth of 28.57%[100]. Research and Development - The company is focused on developing cloud computing and IoT technologies to enhance its product offerings[12]. - The company is actively pursuing research and development in embedded devices and firmware solutions[12]. - R&D expenditure accounted for 14.60% of operating revenue, an increase of 2.99 percentage points compared to the previous year[23]. - The company has a total R&D investment of ¥31,067,437.79, which accounts for 14.60% of its operating revenue[72]. - The company has 361 R&D personnel, representing 81.49% of the total workforce[72]. - R&D expenses for the year reached 31.07 million yuan, up 52.33% year-on-year, with R&D personnel increasing by 49.79% to 361[88]. - The company has developed multi-architecture domestic BIOS firmware, which has been validated in Lenovo laptops and servers, Sugon servers, and Huawei servers[126]. Dividend Policy - The company plans to distribute a cash dividend of 1.42 CNY per 10 shares, totaling approximately 12.35 million CNY, which represents 30.06% of the net profit attributable to shareholders for 2019[4]. - The cash dividend policy stipulates that the company will distribute no less than 30% of the average distributable profit over the last three years in cash[136]. - The company will prioritize cash dividends over stock dividends, distributing at least 20% of the annual distributable profit in cash if conditions permit[136]. - The cash dividend distribution plan for 2019 has been approved by the board of directors and requires shareholder meeting approval for finalization[138]. - The company has committed to maintaining a transparent and compliant approach to shareholder returns and profit distribution[143]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[6]. - There are no special arrangements for corporate governance applicable to the company[7]. - The company has established a comprehensive corporate governance structure to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[172]. - The company has committed to ensuring compliance with legal requirements for public offerings and will take corrective actions if necessary[154]. Market Position and Strategy - The company is focused on providing customized software development and standard application software products, primarily targeting government and enterprise clients[44]. - The company aims to leverage virtualization and microservices architecture to improve operational efficiency and service delivery[12]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the tech sector[12]. - The company aims to enhance its cloud service competitiveness through the development of a one-stop intelligent management cloud platform, with an investment of 8 million RMB[75]. - The company anticipates continued rapid growth in the cloud computing sector, supported by government policies and strategic investments[120]. Financial Position - Total assets reached CNY 943.69 million, a significant increase from CNY 358.49 million in 2018, largely due to the initial public offering of new shares[24]. - The company reported a net asset attributable to shareholders of CNY 855.72 million, up 190.79% from CNY 294.28 million in 2018[22]. - The company's total assets increased by 163.24% compared to the previous year, reflecting strong growth in its financial position[22]. - The balance of trading financial assets reached ¥332,323,240.42, accounting for 35.22% of total assets, primarily due to the application of new financial instrument standards[113]. Compliance and Legal Matters - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[6]. - There were no major lawsuits or arbitration matters reported during the fiscal year, indicating a stable legal environment for the company[168]. - The company has not faced any situations that could lead to delisting, ensuring continued market presence[168]. - The company has not reported any major financial misstatements or corrections during the fiscal year[166]. Shareholder Information - The total share capital of the company as of December 31, 2019, is 86,956,591 shares[4]. - The largest shareholder, Xie Qian, holds 37,430,696 shares, accounting for 43.05% of the total shares[192]. - The company has a total of 67,174,066 restricted shares as of the reporting period[186]. - The company has a total of 3.74% of its shares held by private equity funds managed by Jiangsu Ruihua Investment Holding Group[195].