Seeyon(SH:688369)2020-04-20 16:00Financial Performance - The company's operating revenue for 2019 was approximately ¥699.84 million, representing a year-over-year increase of 21.06% compared to ¥578.09 million in 2018[23]. - Net profit attributable to shareholders for 2019 was approximately ¥97.47 million, a 33.56% increase from ¥72.98 million in 2018[23]. - Basic earnings per share for 2019 increased by 26.98% to ¥1.60, up from ¥1.26 in 2018[25]. - The company's net assets attributable to shareholders grew by 296.29% to approximately ¥1.22 billion at the end of 2019, compared to ¥308.31 million at the end of 2018[25]. - The total assets of the company increased by 121.61% year-over-year, primarily due to the issuance of 19.25 million new shares[26]. - The net cash flow from operating activities for 2019 was approximately ¥96.54 million, a decrease of 22.22% from ¥124.12 million in 2018[23]. - The company's total revenue for the reporting period was ¥698,320,847.79, with a gross margin of 76.11%, reflecting a decrease of 1.83 percentage points compared to the previous year[160]. - Revenue from collaborative management software increased by ¥98,382,100, representing a growth rate of 18.75%, while its gross margin decreased by 2.28 percentage points[161]. - Technical service revenue rose by ¥22,939,000, with a growth rate of 43.85%, maintaining a stable gross margin[162]. Research and Development - The company achieved a total R&D investment of ¥89,370,959.32, representing 12.77% of its operating revenue[90]. - R&D expenses increased by ¥12,547,100, marking a growth rate of 16.33% compared to 2018[91]. - The total number of R&D personnel is 330, accounting for 20.06% of the company's total workforce[90]. - The company applied for 10 new invention patents during the reporting period, all of which were accepted, and received approval for 2 invention patents[87]. - The company has not capitalized any R&D investments during the reporting period, maintaining a 0% capitalization ratio[90]. Technology and Product Development - The company is actively developing new technologies and products, including the M+ enterprise-level mobile application cloud entry and CAP+ collaborative cloud application center[11]. - The company focuses on enterprise-level management software, providing collaborative management software products, solutions, and cloud services, establishing itself as a leading provider in China[37]. - The V5 platform supports customized applications and flexible deployment, with products A6 for SMEs, A8 for large enterprises, and G6 for government organizations, enhancing organizational efficiency[37]. - The company has developed a core technology platform for collaborative management software, integrating cloud computing, mobile internet, big data, and artificial intelligence[67]. - The collaborative technology platform (CTP) supports high levels of openness, extensibility, stability, security, and maintainability, enabling rapid deployment and integration[67]. - The company has achieved a significant milestone by completing the public cloud model with a total revenue of 700 million and a net profit of 269.7 million, reflecting a growth of 663.01 million in the previous year[102]. Market Position and Strategy - The company is positioned as a leading provider in the collaborative management software industry, with a strong competitive advantage in innovation, product technology, and customer base[61]. - The company has over 30,000 enterprise and organizational clients, covering most provinces and municipalities in China, with clients from various sectors including manufacturing, construction, energy, finance, telecommunications, and government[61]. - The company has established partnerships with industry leaders such as China Mobile, Huawei, Alibaba, and Tencent, which are crucial for business development[146]. - The company aims to expand its government collaboration and trust innovation business, targeting high growth in these sectors[188]. - The company is focused on reducing integration barriers and implementation costs through comprehensive application services, enhancing overall system performance[101]. Risk Management - The company has outlined potential risks in its annual report, which investors should pay attention to, particularly in the section discussing operational conditions and risk factors[4]. - The company faces risks related to core competitiveness, particularly in new product development and the potential loss of key technical and business personnel[142]. - The company has signed confidentiality agreements with core technical personnel to mitigate the risk of core technology leakage[144]. - The company is exposed to risks related to outsourcing services, which could impact contract fulfillment and market reputation[149]. Corporate Governance and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company emphasizes compliance management to ensure sustainable and healthy development, focusing on accurate and timely information disclosure[193]. Dividend Policy - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling RMB 30,795,833.20 based on a total share capital of 76,989,583 shares as of December 31, 2019[6]. - The company aims to distribute at least 30% of the average annual distributable profit over the last three years in cash dividends, with a minimum of 10% of the current year's distributable profit[196]. - The company has committed to maintaining a minimum cash dividend ratio of 80% during mature stages without major capital expenditures[196].