DCITS(SZ:000555)2019-03-27 16:00Financial Performance - The company reported a total revenue of RMB 963,431,273 for the year 2018, with a cash dividend of RMB 0.35 per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2018 was CNY 9,077,344,908.68, representing a 10.87% increase compared to CNY 8,187,056,661.83 in 2017[28]. - The net profit attributable to shareholders for 2018 was CNY 42,096,244.42, a significant decrease of 86.09% from CNY 302,642,281.64 in 2017[28]. - The net cash flow from operating activities for 2018 was CNY 237,248,165.21, down 30.96% from CNY 343,643,405.55 in 2017[28]. - The total assets at the end of 2018 amounted to CNY 10,696,306,209.17, a slight decrease of 0.22% from CNY 10,719,793,873.77 at the end of 2017[28]. - The net profit attributable to the parent company was 42 million yuan, a decrease of 86.09%, but adjusted net profit excluding the ATM business was 331 million yuan, reflecting a growth of 9.24%[58]. - The company reported a net profit attributable to shareholders of CNY -254,259,733.62 in Q4 2018, indicating a significant loss compared to previous quarters[33]. - The company’s total share capital increased from 458,905,958 shares to 917,811,916 shares following the implementation of a capital reserve conversion plan in 2015[26]. Dividend Distribution - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders[6]. - The company plans to distribute a cash dividend of 0.35 CNY per 10 shares based on a total share capital of 963,431,273 shares for the 2018 fiscal year[180]. - The total cash dividend for 2018 amounts to 33,720,094.56 CNY, representing 80.10% of the net profit attributable to ordinary shareholders[178]. - The cash dividend for 2017 was 30,829,800.74 CNY, which accounted for 10.19% of the net profit attributable to ordinary shareholders[178]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions[174]. - The cash dividend distribution plan for 2018 is subject to approval at the annual general meeting[180]. - The company committed to distributing at least 10% of its distributable profits as cash dividends annually, with a cumulative distribution of no less than 30% of the average annual distributable profits over any three consecutive fiscal years[186]. Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and services[6]. - The company aims to leverage its technological capabilities to drive growth and innovation in the digital services sector[6]. - The company is actively pursuing strategic partnerships and collaborations to enhance its service offerings and market reach[6]. - The company is exploring opportunities for mergers and acquisitions to strengthen its competitive position in the market[6]. - The company aims to leverage new technologies to drive digital transformation across various industries, including finance, government, and agriculture[43]. - The company plans to continue expanding its smart service products and strengthen partnerships with major clients like Huawei and Midea[68]. - The company will actively participate in the quantum communication market, focusing on applications in finance, defense, and government sectors, supported by favorable government policies[158]. Risk Management - The company acknowledges potential risks including market competition, product technology risks, and human resource risks, which may impact future performance[6]. - The company faces market competition risks due to the growing demand for IT services and the emergence of new technologies, necessitating continuous innovation[162]. Research and Development - The company invested ¥49,005.54 million in R&D, accounting for 5.40% of total operating revenue[94]. - The number of R&D personnel increased to 3,870 in 2018, representing a 0.55% increase from 3,849 in 2017, with R&D personnel accounting for 42.12% of total employees[96]. - The company has accumulated nearly 600 software product copyrights by the end of the reporting period[94]. - The company emphasizes independent innovation and will increase investment in emerging technology R&D while developing proprietary software products and services[160]. Market Position - The software and information technology service industry in China achieved a revenue of 6.3 trillion CNY in 2018, growing by 14.2% year-on-year[42]. - The company has established a broad customer base, covering over 80 insurance and securities companies, and numerous banks and government agencies[48]. - The company has been recognized for its distributed banking core business system, winning the "Top Ten Excellent Products Award" at the 22nd China International Software Expo[47]. Compliance and Governance - The company has maintained a transparent and compliant process for adjusting its cash dividend policy[174]. - Independent directors have fulfilled their responsibilities in overseeing the cash dividend policy[174]. - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[136]. - The company has confirmed that it will not engage in any business that competes with its main operations, including system integration and technology services, after the transaction[196].