EA(SZ:002183)2019-05-10 16:00Financial Performance - The company reported a total revenue of RMB 2,122,697,819 for the year 2018, with a cash dividend of RMB 0.20 per 10 shares distributed to shareholders[11]. - The company's operating revenue for 2018 was ¥69,691,724,963, representing a 2.40% increase from ¥68,059,306,079 in 2017[28]. - The net profit attributable to shareholders for 2018 was ¥200,089,140, a decrease of 66.38% compared to ¥595,236,222 in 2017[28]. - The basic earnings per share for 2018 was ¥0.09, down 67.86% from ¥0.28 in 2017[30]. - The total revenue for the company in 2018 was approximately 69.69 billion yuan, representing a 2.40% increase from 2017[74]. - Annual profit before tax was 204 million yuan, a decrease of 73.34% compared to the previous year[63]. - The company reported a quarterly revenue of ¥18,355,096,490 in Q1 2018, with a decline to ¥15,933,223,571 in Q4 2018[33]. - The company experienced a net loss attributable to shareholders of ¥190,286,135 in Q4 2018, following profits in the earlier quarters[33]. - Non-recurring gains for 2018 totaled ¥32,297,443, down from ¥42,590,525 in 2017[36]. Cash Flow and Financial Management - The net cash flow from operating activities for 2018 was ¥1,636,755,233, a significant increase of 3,926.96% from ¥40,644,959 in 2017[30]. - Operating cash inflow totaled CNY 94,448,018,676, marking a 7.52% increase, while cash outflow was CNY 92,811,263,443, up by 5.70%[86]. - Cash flow from financing activities showed a net outflow of CNY 3,001,044,794, a 1,783.50% increase in losses compared to the previous year[89]. - The company's cash and cash equivalents decreased by CNY 1,269,797,943, reflecting a 1,507.68% increase in net decrease[89]. - The proportion of monetary funds in total assets decreased by 1.25% to 19.25%, while accounts receivable increased by 2.50% to 29.68%[90]. - The company plans to enhance cash flow management and reduce the asset-liability ratio through cost control measures[126]. Business Strategy and Development - The company aims to enhance its supply chain management services and diversify its business to maintain its leading position in the industry[6]. - The company plans to implement a dual-driven model of "comprehensive supply chain services" and "supply chain finance" to improve its financial condition[10]. - The company is focusing on upgrading services to a "supply chain operation + marketing" model to explore potential value in the "1+N" business model[64]. - The company plans to implement a "Supply Chain +" strategy to enhance collaborative development and promote supply chain financial services[119]. - The company aims to establish a supply chain cloud platform and innovate the "Star Chain" model to enhance service capabilities across various supply chain nodes[119]. - The company is actively pursuing new retail scenarios to enhance online and offline consumer engagement through a shared economy platform[121]. Risk Management - The company is focusing on improving its accounts receivable collection and strengthening vendor credit to mitigate financial risks[10]. - The company is facing market competition risks due to the increasing number of players in the supply chain management sector, including traditional logistics and new entrants[6]. - The company acknowledges the potential impact of macroeconomic factors on its financial expenses and is taking steps to manage these uncertainties[10]. - The company is actively managing foreign exchange risks by signing forward foreign exchange contracts to lock in exchange rates[11]. - The company will strengthen internal control management to mitigate risks and ensure the safety of state-owned assets[129]. Talent and Organizational Development - The company emphasizes the importance of talent acquisition and training to enhance its management capabilities in response to its growing operational scale[7]. - The company aims to improve employee efficiency by at least 15% in 2019 through organizational restructuring and performance evaluation mechanisms[125]. - The performance evaluation and incentive mechanisms will be refined to attract and retain top management talent[125]. Subsidiaries and Investments - The subsidiary Shenzhen Yushang Microfinance Co., Ltd. reported a net profit of CNY 30,609,413, contributing significantly to the company's overall profitability[107]. - The subsidiary Lianyi (Hong Kong) Limited generated a net profit of CNY 167,875,293 from its investment holding and logistics business[107]. - The company has established strategic partnerships with major clients such as Philips, Bosch, Netgear, and Haier[64]. - The company has established a joint venture for computer R&D and production, aiming to become a leading player in the autonomous and controllable business sector[73]. Shareholder and Dividend Information - The cash dividend in 2018 amounted to RMB 42,453,956, representing 21.22% of the net profit attributable to ordinary shareholders[139]. - The total cash dividend amount (including other methods) is CNY 42,453,956.00, which accounts for 100% of the distributable profit[142]. - The distributable profit for the period is CNY 899,528,489.00[142]. - The company has committed to avoiding direct or indirect competition with its controlled enterprises after the completion of the equity change[143]. - The company has promised to avoid related transactions that could harm the interests of the company and its shareholders[155]. Accounting and Reporting - The company has adjusted its financial statements according to the new reporting format, impacting the comparative data for previous periods[165]. - The company reported a total of 13,359,946,776 CNY in receivables after adjustments, reflecting a decrease of 13,359,946,776 CNY in accounts receivable[166]. - The total payables after adjustments amounted to 8,381,240,866 CNY, with a decrease of 8,381,240,866 CNY in accounts payable[170]. - The company included 37 new entities in its consolidated financial statements while excluding 25 entities compared to the previous period[171]. - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[171].