TK(SZ:002117)2020-04-13 16:00Financial Performance - The total revenue for 2019 was CNY 1,495,634,115.55, a decrease of 3.24% compared to 2018[17]. - The net profit attributable to shareholders was CNY 266,721,676.93, an increase of 3.88% year-over-year[17]. - The net cash flow from operating activities increased by 34.04% to CNY 423,158,918.42[17]. - Basic earnings per share rose to CNY 0.4888, reflecting a growth of 3.87% from the previous year[17]. - Total assets at the end of 2019 were CNY 2,335,153,191.93, a 0.97% increase from 2018[17]. - The net assets attributable to shareholders were CNY 1,638,709,421.96, up by 0.74% compared to the previous year[17]. - The company reported a net profit of CNY 240,751,021.02 after deducting non-recurring gains and losses, a 2.76% increase from the previous year[17]. - The company achieved total revenue of CNY 1.496 billion, a decrease of 3.24% compared to the previous year[34]. - Net profit attributable to shareholders was CNY 267 million, an increase of 3.88% year-on-year[34]. - The company reported a significant increase in revenue from other products, which rose by 41.66% to ¥25,047,618.34[39]. - The company reported a cash dividend of CNY 4 per 10 shares for the 2019 fiscal year, totaling CNY 218.27 million[73]. - The cash dividend amount for 2019 was CNY 218,266,568.40, representing 81.83% of the net profit attributable to ordinary shareholders[74]. - The total distributable profit for 2019 was CNY 277,254,300.00, with cash dividends accounting for 100% of the profit distribution[76]. Revenue Breakdown - Revenue from the printing business decreased by 6.53% due to market changes and the impact of digitalization[34]. - The electronic ticketing business saw a revenue growth of 28.48%, with enhanced profitability[35]. - Revenue from the printing industry was ¥1,283,480,795.21, accounting for 85.82% of total revenue, down 6.53% from the previous year[39]. - Revenue from the service industry increased by 20.82% to ¥187,105,702.00, representing 12.51% of total revenue[39]. - The southern region's revenue grew by 29.68% to ¥413,732,921.12, while the northern region's revenue decreased by 11.80% to ¥1,081,901,194.43[41]. Investment and R&D - The company has invested significantly in R&D across various technologies, holding over 159 patents and 180 software copyrights[31]. - The company's R&D investment amounted to ¥98,357,197.51 in 2019, a slight increase of 0.81% compared to ¥97,570,361.28 in 2018, with R&D expenses accounting for 6.58% of operating revenue[49]. - Research and development expenses remained stable at ¥91,259,247.22, a slight decrease of 0.12% compared to 2018[48]. - The company has a structured salary system for its senior management, based on industry standards and company performance[143]. Operational Challenges - The company faced challenges in 2020 due to the global COVID-19 pandemic, impacting market demand and traditional business costs[5]. - The company is facing risks from the global pandemic affecting market demand and is implementing strategies to diversify revenue streams[69]. - The company is committed to optimizing business processes to reduce costs and improve profit margins amid rising traditional business costs[69]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[106]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[80]. - The company has maintained a stable dividend policy, with cash dividends consistently distributed over the past three years[74]. - The company has established internal control systems that comply with the requirements of the China Securities Regulatory Commission[150]. - The audit committee confirmed that the financial statements for 2019 comply with accounting standards and accurately reflect the company's operational status, with no significant omissions or alterations[158]. Shareholder Information - The company has a total of 34,223 common shareholders at the end of the reporting period[120]. - The largest shareholder, Hong Kong Jiduo Group, holds 12.34% of the shares, totaling 67,316,950 shares[121]. - Beijing Zhongjiahua Information Technology Co., Ltd. is the second-largest shareholder with an 11.17% stake, amounting to 60,961,650 shares[121]. - The company has no controlling shareholder or actual controller, with all shareholders holding similar stakes, preventing any single shareholder from controlling the board or shareholder meetings[123][124]. Financial Position - The company's total liabilities as of December 31, 2019, were CNY 694,440,372.80, compared to CNY 685,102,237.03 in the previous year, indicating a rise of about 1.9%[188]. - The total equity attributable to shareholders of the parent company was CNY 1,638,709,421.96 as of December 31, 2019, slightly up from CNY 1,626,632,074.83 in 2018, representing an increase of approximately 0.7%[189]. - Cash and cash equivalents decreased significantly from CNY 793,811,459.31 in 2018 to CNY 357,685,689.17 in 2019, a decline of about 55.1%[186]. - The company's total assets decreased to CNY 2,172,912,602.82 in 2019 from CNY 2,253,495,089.66 in 2018, a decline of 3.58%[194]. Audit and Compliance - The audit opinion issued by the accounting firm was a standard unqualified opinion, confirming the fair presentation of financial statements[174]. - The audit committee reported that there were no significant issues discovered during the audit process, and the financial statements prepared before the audit matched those after the audit[159]. - The internal control self-assessment report indicated that 100% of the total assets and operating income were included in the evaluation scope[165]. - The company respects and considers the suggestions from independent directors in various governance aspects, enhancing corporate governance[157].