COSHIP(SZ:002052)2019-04-26 16:00Financial Performance - The company reported a total revenue of RMB 745,959,694 for the year 2018, with a profit distribution plan of 0.00 RMB cash dividend per 10 shares[5]. - The company's operating revenue for 2018 was ¥798,133,417.18, representing an increase of 18.62% compared to ¥672,865,178.73 in 2017[19]. - The net profit attributable to shareholders was -¥330,925,753.64, a significant decrease of 3,802.01% from ¥8,939,085.87 in the previous year[19]. - The company achieved a revenue of ¥798,133,417.18, representing an 18.62% increase compared to the previous year[42]. - The net profit for the company was -¥330,925,753.64, a decline of 3802.01% year-over-year[42]. - The company reported a basic earnings per share of -¥0.44, a decrease of 4,500.00% from ¥0.01 in 2017[19]. - The company reported a significant decline in platform delivery and operation revenue, which fell by 61.72% to ¥26.33 million[49]. - The total cost of goods sold was ¥634.34 million, with a year-on-year increase of 45.15%[49]. - The company reported a net loss of ¥33,092.58 million, influenced by non-cash expenses such as asset impairment losses totaling ¥12,459.96 million[64][65]. Market Expansion and Strategy - The company is actively involved in the integration of traditional broadcasting and internet services, enhancing its offerings in the OTT and IPTV sectors[10]. - The company is focusing on expanding its market presence among broadcasting and telecommunications operators globally[28]. - The company is exploring opportunities for market expansion through strategic partnerships and potential acquisitions in the broadcasting and telecommunications sectors[10]. - The company is actively expanding into emerging markets such as smart homes, smart communities, and the Internet of Things, aiming to drive growth through resource integration and innovative models[42]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[166]. - Market expansion plans include entering two new international markets by the end of the year, aiming for a 5% market share in each[166]. Technology and Innovation - The company emphasizes the importance of big data analysis, which is becoming a focal point for profitability in the industry[11]. - The company aims to leverage advancements in 4G and 5G technologies to improve service delivery and operational efficiency[11]. - The company is committed to developing smart community solutions that integrate IoT and cloud computing technologies[11]. - The company launched a new generation of integrated cloud platforms and IoT solutions to meet the demand for smart home upgrades[28]. - The company has developed a comprehensive technology service platform covering "content + platform + channel + terminal + service," positioning itself as a leader in the industry[36]. - The company is investing in R&D, allocating 100 million RMB towards the development of new technologies and products[166]. Risks and Challenges - The company faces risks including macroeconomic downturns, market and operational risks, and exchange rate risks, which could impact future performance[5]. - The company faces risks such as market competition due to macroeconomic changes and reliance on broadcasting operators, which could impact growth[90]. Shareholder and Governance - The company has not declared any stock dividends or capital increases from reserves for the reporting period[5]. - The company has not distributed cash dividends or issued bonus shares in the past three years, with a total cash dividend amount of 0.00 yuan[96]. - The profit distribution plan for 2018 indicates a base of 745,959,694 shares, with a cash dividend of 0.00 yuan per 10 shares, and no shares issued from capital reserves[99]. - The company has pledged 123,107,000 shares, representing 16.50% of its total shares, to a quantitative investment firm, indicating potential control risks[92]. - The company has established strict internal control systems to prevent commercial bribery, with no incidents reported in procurement and bidding activities over the years[135]. - The company has implemented a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and fairness[186]. Employee and Social Responsibility - The company organized over 300 employee activities in 2018, enhancing employee satisfaction and cohesion[133]. - The company actively supports employees in need, demonstrating a commitment to social responsibility and employee welfare[132]. - The company has established a training plan for management, new employees, business areas, and specialized skills to enhance leadership and management capabilities[181]. Financial Management - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[102]. - The company has adhered to its commitments regarding the use of raised funds, ensuring no risk investments are made during the temporary use of idle funds[101]. - The company has not reported any major changes in project feasibility or significant changes in the use of raised funds[82]. - The company has not engaged in entrusted financial management or loans during the reporting period, maintaining a straightforward financial approach[127][128]. Corporate Social Responsibility and Compliance - The company has adopted ISO14001 environmental management standards, emphasizing sustainable development and environmental protection[133]. - The company has established a carbon emission control system and aims to reduce energy consumption, becoming one of the first carbon emission control enterprises in Shenzhen[135]. - The company has not conducted targeted poverty alleviation work during the reporting period and has no subsequent plans for it[136].