深赛格B(200058) - 2018 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan, proposing a cash dividend of RMB 0.35 per 10 shares based on a total of 1,235,656,249 shares[5]. - The company's operating revenue for 2018 was ¥1,605,787,472.11, representing a decrease of 18.95% compared to 2017[19]. - The net profit attributable to shareholders for 2018 was ¥27,852,740.23, a significant decline of 87.31% from the previous year[19]. - The basic earnings per share for 2018 was ¥0.0225, down 87.34% from ¥0.1777 in 2017[19]. - The total profit amounted to approximately 94 million CNY, down by about 334 million CNY or 77.98% year-on-year[41]. - The decline in revenue was primarily due to a reduction of approximately 131 million CNY in sales from the new city project, and a revenue adjustment of about 300 million CNY related to sales returns[41]. - Total revenue for 2018 was approximately ¥1.61 billion, a decrease of 20.60% compared to ¥2.03 billion in 2017[55]. - Revenue from the electronic market and property leasing and management was ¥883.56 million, accounting for 54.80% of total revenue, down 2.40% year-over-year[55]. - Real estate development revenue dropped significantly by 34.65% to ¥577.41 million, representing 35.81% of total revenue[55]. - The company reported a significant increase in sales from Huizhou, up 11.86% to ¥97.85 million[56]. Business Operations - The company has maintained its main business without changes during the reporting period[17]. - The company is transitioning its business model to integrate various commercial operations, focusing on strategic emerging industries[31]. - The company achieved a 4.5% year-on-year increase in the area of newly built commercial properties sold in Shenzhen, totaling 1,332 units[33]. - The company has established over 20 electronic professional markets across the country, enhancing its brand influence and market coverage[36]. - The company is actively exploring strategic emerging industries, with progress in innovation and new energy sectors, including the establishment of a smart hardware maker exchange platform[37]. - The company is focusing on improving conversion rates and production efficiency in its new energy business to adapt to competitive pressures in the photovoltaic market[107]. Assets and Liabilities - The total assets at the end of 2018 were ¥7,128,009,738.20, an increase of 1.94% from the end of 2017[20]. - The net assets attributable to shareholders decreased by 2.57% to ¥1,867,881,216.44 at the end of 2018[20]. - The company's long-term equity investments decreased by 2,922.46 million RMB due to losses from associated companies[34]. - The company's cash and cash equivalents increased by 84.71% to 800 million RMB due to the issuance of corporate bonds[34]. - The company's investment properties increased by 108.74%, primarily due to the transfer of commercial buildings in Huizhou and Nantong into this category, valued at 19,938.90 million RMB and 58,924.58 million RMB respectively[34]. - The company reported a significant difference between net cash flow from operating activities and net profit due to impairment provisions totaling ¥101,875,448.51[69]. Legal and Compliance - The company has faced multiple legal proceedings, including a case against Wodewo Company, with a claim amount of 839.41 thousand yuan for overdue payments[158]. - The company has reported a total of 1.48 million yuan in legal costs associated with these disputes[158]. - The company is currently appealing a court decision regarding a claim of 135.2035 thousand yuan against Wodewo Company[158]. - The company has maintained compliance with relevant laws and regulations over the past three years, with no significant administrative penalties recorded[142]. - The company will ensure that the asset pricing involved in the restructuring is fair and does not harm the interests of shareholders[142]. Strategic Initiatives - The company plans to invest in information technology to support major business decisions through a closed-loop management system for financial analysis and budget control[109]. - The company aims to accelerate the layout of strategic emerging industries by leveraging existing resources and pursuing investment and acquisition strategies[108]. - The company plans to enhance operational efficiency by integrating resources and improving existing business models, focusing on market demand and promoting business collaboration[108]. - The company is enhancing its talent pool in strategic emerging industries through internal training and market recruitment to mitigate management risks[106]. Restructuring and Governance - The restructuring process is expected to enhance the independence of Shenzhen Seg Group's assets and operations[124]. - The company has committed to maintaining a complete and independent organizational structure post-restructuring[123]. - The company will ensure financial independence post-restructuring and prevent any future violations regarding the use of company funds[133]. - The company will independently open bank accounts and will not share them with related parties after the restructuring is completed[138]. - The company has established a clear and effective shareholding structure, with no significant disputes among shareholders[144]. Market Outlook - The company provided a performance guidance for 2019, expecting a revenue growth of 12% to 1.68 billion RMB[199]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2020[199]. - The company plans to invest 200 million RMB in R&D for new technologies in 2019, aiming to improve product efficiency[199]. - The company plans to publicly issue 800 million RMB in corporate bonds to meet funding needs for its main business[198].