ENJOYOR(SZ:300020)2019-04-18 16:00Financial Performance - The company achieved operating revenue of RMB 2,413.28 million, representing a year-on-year growth of 24.25%[15]. - The net profit attributable to shareholders was RMB 26.44 million, a significant decrease of 80.93% compared to the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 123.14 million, reflecting a year-on-year increase of 54.14%[15]. - Basic earnings per share were RMB 0.04, down 80.95% from RMB 0.21 in the previous year[15]. - The company recorded total revenue of CNY 2.413 billion in 2018, with a notable quarterly revenue of CNY 894.72 million in Q4, marking a strong finish to the year[22]. - The net profit attributable to shareholders for Q4 2018 was CNY 14.08 million, recovering from a loss of CNY 79.96 million in Q3 2018[22]. - The company reported a significant non-recurring loss of CNY 233.96 million in 2018, primarily due to the provision for bad debts related to Li Xin[25]. - The company reported a net cash flow from operating activities of ¥13,293,096.36 in 2018, a significant increase of 106.17% compared to a net outflow of ¥215,372,225.24 in 2017[69]. Assets and Liabilities - Total assets at the end of 2018 amounted to RMB 6,078.45 million, a slight increase of 0.26% from the previous year[15]. - The net assets attributable to shareholders were RMB 3,232.27 million, showing a decrease of 2.48% compared to the previous year[15]. - The company’s inventory increased to ¥1,688,730,482, which accounted for 27.78% of total assets, up from 25.73% in 2017[75]. - The company’s long-term equity investments rose to ¥613,507,346.2, representing 10.09% of total assets, an increase from 7.00% in 2017[75]. - Accounts receivable increased to ¥1,323,138,742, representing 21.77% of total assets, up from 17.02% in 2017, attributed to increased revenue[74]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.30 per 10 shares, totaling approximately RMB 19.67 million based on the total share capital[4]. - The cash dividend amount represents 100% of the total profit distribution for the year[134]. - The cash dividend for 2018 is 74.40% of the net profit attributable to ordinary shareholders[134]. - The company has consistently maintained a cash dividend policy that aligns with its articles of association and shareholder resolutions[129]. Strategic Focus and Market Expansion - The company is focused on expanding its market presence and enhancing its product offerings in the smart transportation and health sectors[4]. - The company plans to deepen its industry applications in smart transportation and health, while also exploring innovative applications in judicial intelligence[27]. - The company aims to explore new forms of urban brain technology in the upcoming 5G era, contributing to the construction of smart cities in China[35]. - The company plans to seek strategic partnerships with industry leaders like Alibaba and Huawei to leverage its strengths in transportation and healthcare sectors[118]. Research and Development - The company reported a total R&D investment of ¥111,649,420.66 in 2018, marking a significant increase in R&D efforts[60]. - Research and development (R&D) expenses amounted to ¥111,649,420.66 in 2018, representing 4.63% of total revenue, a decrease from 6.03% in 2017[67]. - The number of R&D personnel increased to 313 in 2018, accounting for 39.22% of the total workforce, up from 35.86% in 2017[67]. Risk Management - The company faces various risks including policy risks, core personnel turnover risks, and risks associated with its smart city business model[4]. - The company is actively working to mitigate risks associated with policy changes and economic fluctuations by diversifying its client base and focusing on reputable customers[119]. - The company recognizes the importance of retaining core personnel and has established a comprehensive talent management and incentive system to minimize turnover risks[120]. Corporate Governance and Compliance - The company emphasizes compliance with laws and regulations, maintaining transparency and communication with investors[170][171]. - The company has committed to not providing financial assistance or loans to incentive targets under the stock option incentive plan[140]. - The company has not reported any non-operating fund occupation by its controlling shareholders or related parties during the reporting period[140]. Shareholder Structure and Changes - The controlling shareholder increased their stake by 17,557,905 shares, representing 2.68% of the total share capital, with an investment of RMB 205,368,871.58[44]. - The total number of shareholders at the end of the reporting period was 51,644[189]. - The controlling shareholder, Silver River Technology Group Co., Ltd., holds 27.02% of the shares, totaling 177,166,505 shares, with 146,010,000 shares pledged[190]. Project Developments and Investments - The company has successfully implemented its "City Brain" software platforms in key cities, including Hangzhou, Shenyang, and Shanghai, receiving positive feedback from relevant departments and citizens[174]. - The company has signed strategic cooperation agreements with 33 local governments for smart city projects[174]. - The company reported a total asset acquisition of real estate for RMB 320 million, with a total construction area of 43,661 square meters[161].