Raycloud(SH:688365)2021-04-08 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.25 CNY per 10 shares, totaling approximately 10,025,000 CNY, which represents 10.70% of the net profit attributable to shareholders for the year 2020[5]. - The total share capital for the dividend calculation is based on 401,000,000 shares, subject to adjustment on the actual dividend record date[5]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 fiscal year[5]. - The actual distributable profit for shareholders in 2020 was CNY 84,036,381.76, with cumulative distributable profits amounting to CNY 106,530,449.72 as of December 31, 2020[148]. - The proposed cash dividend is CNY 0.25 per 10 shares, totaling an estimated cash dividend of CNY 10,025,000.00, which represents 10.70% of the net profit attributable to shareholders[148]. - The profit distribution plan has been approved by the board and requires approval from the annual general meeting of shareholders[149]. - The company adheres to a stable profit distribution policy, ensuring that cash dividends are at least 10% of the distributable profits when conditions are met[144]. - The cash dividend distribution must be completed within two months after the shareholders' meeting decision[149]. - The company emphasizes the importance of independent directors in the decision-making process for profit distribution, ensuring transparency and compliance[149]. - In 2020, the company distributed a cash dividend of 10,025,000 RMB, with a payout ratio of 10.70% based on the net profit attributable to ordinary shareholders[150]. - In 2019, the cash dividend amounted to 60,150,000 RMB, with a significantly higher payout ratio of 62.42%[150]. - The company did not distribute any cash dividends in 2018, resulting in a payout ratio of 0%[150]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[151]. - The company has committed to various promises related to share restrictions and competitive practices, ensuring compliance with regulations[152]. - The company has maintained a consistent approach to shareholder returns, with a focus on sustainable growth and reinvestment strategies[151]. Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 509.97 million, representing a 9.75% increase compared to RMB 464.65 million in the same period of 2019[22]. - The net profit attributable to shareholders of the listed company decreased by 2.79% to RMB 93.68 million from RMB 96.37 million in 2019[22]. - The net profit after deducting non-recurring gains and losses dropped by 38.11% to RMB 43.37 million compared to RMB 70.07 million in the previous year[22]. - The cash flow generated from operating activities was RMB 86.88 million, a decrease of 16.40% from RMB 103.92 million in 2019[22]. - Total assets at the end of 2020 reached RMB 1.30 billion, a 56.73% increase from RMB 829.04 million at the end of 2019[23]. - The net assets attributable to shareholders of the listed company increased by 56.94% to RMB 1.13 billion from RMB 721.68 million in 2019[23]. - The overall gross margin for the year was 61.21%, a decrease of 2.62 percentage points compared to the previous year[92]. - Operating costs increased by 17.72% to RMB 197.83 million, primarily due to rising server costs and higher procurement prices for SMS channels[89]. - Sales expenses rose by 31.44% to RMB 99.78 million, attributed to the expansion of the offline sales team for products like KuaiMai ERP and KuaiMai Design[89]. - The company’s net profit for 2020 was reported at 93,683,729.67 RMB, reflecting a stable financial performance[150]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[5]. - The company has no special arrangements for corporate governance that need to be disclosed[8]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[6]. - The company has committed to transparency in its financial reporting and adherence to regulatory commitments[152]. Research and Development - Research and development expenses accounted for 20.91% of operating revenue, an increase of 1.68 percentage points compared to the previous year[24]. - The company achieved a total R&D investment of ¥106,629,128.94, representing a 19.33% increase compared to the previous year[56]. - The company’s R&D team consists of 406 members, with 89.90% holding at least a bachelor's degree, indicating a strong academic background[70]. - The company aims to continue R&D investment in new SaaS products to maintain competitive advantage[82]. - The company has committed to increasing R&D investment to enhance product competitiveness and user experience, aiming for a higher renewal rate and brand awareness[133]. Market Strategy and Growth - The company is focusing on expanding its e-commerce services and enhancing its CRM capabilities to improve customer satisfaction and profitability[13]. - Future outlook includes the development of new products and technologies to strengthen market position and drive growth[13]. - The company plans to explore market expansion opportunities and potential mergers and acquisitions to enhance its service offerings[13]. - The company is adapting its products and services to meet the diverse needs of e-commerce merchants, ensuring a comprehensive service matrix[44]. - The company aims to penetrate the market of mature and brand merchants, which have higher customer stability and purchasing power, as a key growth strategy[42]. Investment and Financial Management - The company has invested a total of 11,080 million RMB in R&D, with 10,119.90 million RMB spent in the current period, and cumulative investment reaching 11,545.73 million RMB[60]. - The company has a diversified investment strategy that includes money market funds and bond funds to enhance returns while managing risk[187]. - The company has consistently achieved returns on investments, with yields ranging from 6.00% to 7.90% across various investment periods[189]. - The company has a strategy to invest in cash, bond repos, and bank deposits, focusing on low-risk financial products[187]. - The company has reported a total of 1,000 million in private debt and short-term financing bonds for 2020, with an interest yield of 4.89%[185]. Shareholder and Governance Commitments - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the listing date[153]. - Major shareholders are restricted from transferring shares for 12 months following the stock's listing[153]. - The company will ensure compliance with all applicable laws and regulations during the share reduction process[154]. - The company has established strict rules for the transfer of shares by its supervisors, similar to those for directors and senior management[155]. - The company emphasizes compliance with the Shanghai Stock Exchange's regulations regarding share transfers and management[155].