真视通(002771) - 2018 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 0.75 RMB per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend announcement date[5]. - The company will increase its capital reserve by converting 3 shares for every 10 shares held by shareholders[5]. - The cash dividend for 2018 represents 28.77% of the consolidated net profit attributable to shareholders[111]. - The cash dividend for 2017 was 1.5 yuan per 10 shares, amounting to 24,240,030.00 yuan, which represented 34.99% of the net profit attributable to shareholders[111]. - The cash dividend for 2016 was 3 yuan per 10 shares, totaling 24,240,030.00 yuan, accounting for 35.11% of the net profit attributable to shareholders[111]. - The cash dividend distribution plan for 2018 was approved by the board, ensuring a minimum cash dividend ratio of 20% in profit distribution[113]. - The company will review its shareholder dividend return plan at least every five years, ensuring that cash dividends account for no less than 20% of the distributable profits[104]. - The company will adjust its profit distribution policy in response to significant changes in the external operating environment or its own operational status[106]. - The company will ensure that minority shareholders have ample opportunity to express their opinions and that their rights are protected during the dividend distribution process[107]. Financial Performance - The company's operating revenue for 2018 was ¥874,189,567.71, an increase of 6.79% compared to ¥818,572,605.46 in 2017[6]. - The net profit attributable to shareholders for 2018 was ¥42,085,178.90, a decrease of 39.25% from ¥69,281,457.22 in 2017[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,499,014.85, down 46.87% from ¥66,809,262.78 in 2017[6]. - The basic and diluted earnings per share for 2018 were both ¥0.26, a decrease of 39.53% from ¥0.43 in 2017[6]. - The total assets at the end of 2018 were ¥1,220,061,024.77, an increase of 5.76% from ¥1,153,564,262.79 at the end of 2017[6]. - The net assets attributable to shareholders at the end of 2018 were ¥671,598,410.26, up 4.21% from ¥644,459,643.67 at the end of 2017[6]. - The company achieved operating revenue of CNY 874.19 million, a year-on-year increase of 6.79%[50]. - Net profit attributable to shareholders was CNY 42.09 million, a decrease of 39.25% due to increased R&D expenses, which rose by 27.08%[38]. - The company's total revenue for 2018 was 1,074,189,568.71 CNY, showing a year-on-year increase of 5.56% compared to 2017[52]. Operational Highlights - The company has maintained its main business operations without any changes since its listing[16]. - The company is focusing on the development of cloud video systems and services as a key business direction for the future[27]. - The multimedia video conferencing system business is a major service area, targeting large and medium-sized users across various sectors[26]. - The company has successfully provided solutions to nearly 100 clients in key industries such as energy, government, and finance, receiving multiple industry awards for excellence[28]. - The company has established a dedicated after-sales service department, providing 24/7 support and enhancing service efficiency[35]. - The company has successfully provided multimedia video integration solutions to over 36 government departments and 44 central enterprises, establishing a strong customer base[31]. - The company is focusing on new business areas such as cloud video, industrial internet, and military-civilian integration to enhance future growth prospects[37]. Research and Development - The company has accumulated 7 patents and 97 software copyrights by the end of 2018, reflecting its commitment to technology and innovation[33]. - The company achieved a research and development investment of approximately CNY 49.45 million in 2018, representing a 27.08% increase compared to CNY 38.91 million in 2017[72]. - The R&D investment accounted for 5.66% of the company's operating revenue in 2018, up from 4.75% in 2017, indicating a focus on innovation[72]. - The company plans to enhance its cloud video business and develop competitive solutions in industrial internet and IoT sectors[90][91]. - The company is actively developing its industrial internet business, focusing initially on the power sector and establishing partnerships with major industry players[42]. Risk Management - The company has outlined potential risks in its future development outlook, which can be found in the section discussing operational conditions[5]. - The company faces potential policy risks due to possible adjustments in national industry policies that could impact downstream demand[95]. - The company is exposed to technology risks in the high-tech field, necessitating enhanced forward-looking research and technology management[96]. - The company recognizes talent risks as it expands, requiring more high-level technical and management personnel[97]. - The cloud video business is experiencing intensified competition from both traditional service providers and major internet companies like BAT[98]. Corporate Governance - The company emphasizes its commitment to transparency and has designated multiple media outlets for information disclosure, including the Securities Times and China Securities Journal[15]. - The company has established a comprehensive information disclosure control system to ensure timely and accurate communication with investors[162]. - The company emphasizes the protection of shareholder and creditor rights through improved corporate governance and strict information disclosure obligations[160]. - The company has committed to compensating investors for any losses caused by false statements in the IPO prospectus, ensuring accountability from its executives[122]. - The company has implemented measures to avoid conflicts of interest in related transactions, ensuring compliance with corporate governance standards[118]. Shareholder Information - The company has a history of increasing cash dividends over the past three years, reflecting a commitment to shareholder returns[109]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing[116]. - The company has established a consistent action agreement between major shareholders to exercise voting rights uniformly in board meetings[117]. - The company has fulfilled its commitments regarding share reduction and management during the specified periods[116]. - The company will notify the stock exchange 4 trading days prior to any share reduction and announce it 3 trading days before the reduction[117]. Future Outlook - The company aims to become a leading provider of information technology and multimedia video solutions in China over the next three to five years, focusing on industrial internet and public security sectors[89]. - In 2019, the company plans to enhance its cloud video business and develop competitive solutions in industrial internet and IoT sectors[90][91]. - The company plans to integrate its business development with IT, cloud, big data, and other fields, targeting military, education, healthcare, and SMEs[172]. - The company plans to invest CNY 60 million to establish a military-civilian integration investment fund with a total scale of CNY 300 million[174]. - The company has set a revenue guidance for 2019, projecting a growth of 25% to 1.875 billion RMB[200].