SuperMap(SZ:300036)2019-04-09 16:00Financial Performance - The company's operating revenue for 2018 was ¥1,517,788,227.33, representing a 21.45% increase from ¥1,249,758,548.46 in 2017[35]. - The net profit attributable to shareholders for 2018 was ¥167,612,442.09, a decrease of 14.60% compared to ¥196,266,033.25 in 2017[35]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥137,973,522.47, down 24.63% from ¥183,069,045.44 in 2017[35]. - The net cash flow from operating activities for 2018 was ¥166,227,588.88, a decline of 33.34% from ¥249,360,832.91 in 2017[35]. - The total assets at the end of 2018 were ¥2,822,793,446.81, an increase of 7.34% from ¥2,629,728,087.14 at the end of 2017[35]. - The equity attributable to shareholders at the end of 2018 was ¥1,935,136,166.58, up 7.16% from ¥1,805,894,167.44 at the end of 2017[35]. - The basic earnings per share for 2018 was ¥0.37, a decrease of 15.91% from ¥0.44 in 2017[35]. - The diluted earnings per share for 2018 was also ¥0.37, reflecting the same percentage decrease as the basic earnings per share[35]. - The weighted average return on equity for 2018 was 8.98%, down from 11.49% in 2017, indicating a decline of 2.51 percentage points[35]. - The quarterly operating revenue for Q4 2018 was ¥602,226,121.29, showing a strong performance compared to previous quarters[36]. Revenue Sources and Growth - Total revenue for 2018 was CNY 1,517,788,227.33, representing a 21.45% increase from CNY 1,249,758,548.46 in 2017[100]. - GIS software revenue accounted for CNY 1,498,575,562.57, which is 98.73% of total revenue, showing a 24.97% increase compared to CNY 1,199,170,370.49 in 2017[100]. - The revenue from the East China region was CNY 625,517,765.30, representing 41.21% of total revenue, with a year-on-year growth of 34.52%[100]. - The company reported a non-operating income of ¥29,638,919.62 in 2018, significantly up from ¥13,196,987.81 in 2017, representing an increase of approximately 124%[43]. - The government subsidies recognized in the current period amounted to ¥22,300,796.56, compared to ¥4,407,156.35 in 2017, indicating a substantial increase of about 404%[43]. Cost and Expenses - The cost of revenue for 2018 was CNY 677,904,314.90, which is a 33.98% increase from CNY 505,957,386.76 in 2017[104]. - Labor costs accounted for 36.92% of total operating costs, increasing from 35.29% in the previous year[104]. - Sales expenses increased by 19.76% to ¥185,919,403.38 compared to the previous year[113]. - R&D expenses rose by 13.07% to ¥198,373,553.53, reflecting the company's commitment to innovation[113]. - Asset impairment losses reached ¥23,231,768.29, accounting for 13.76% of total profit, attributed to bad debt losses[127]. Strategic Initiatives and Market Position - The company aims to enhance brand promotion and market expansion, particularly beyond government sectors and into overseas markets[11]. - The company emphasizes the importance of technological innovation to maintain competitive advantage amid increasing industry competition from major internet players[19]. - The company has established a leading position in cross-platform GIS technology and has received multiple awards for its technological achievements[66]. - The company is positioned to benefit from the accelerated implementation of the domestic autonomous and controllable replacement plan, providing significant market opportunities[183]. - The company has established itself as a leading provider of comprehensive solutions for the Ministry of Natural Resources, capitalizing on the institutional reforms that began in 2019[185]. Research and Development - The company has established a research institute focusing on GIS software product development, with R&D bases in Beijing and Chengdu, enhancing its technological capabilities[48]. - The company launched the SuperMap GIS 9D(2019) series products, which include cloud GIS and online GIS platforms, enhancing its competitive edge in GIS technology[66]. - The company’s R&D management system, certified at CMMI L5 level, ensures high maturity in project process management, contributing to successful project delivery[70]. - The number of R&D personnel increased to 1,358, representing 38.20% of the total workforce[117]. - R&D investment amounted to ¥249,599,203.44, accounting for 16.44% of operating revenue[117]. International Expansion - The company operates in over 30 countries, expanding its international market presence and promoting SuperMap GIS software to more than 100 countries and regions[57]. - The company expanded its international business, adding over 20 new agents along the Belt and Road countries and participating in several international conferences[91]. - The company has established a new subsidiary in Hunan to enhance localized services and expand business in the region[174]. Risk Management - The company acknowledges the risk of uneven performance between the first and second halves of the year, with a higher proportion of revenue typically recognized in the latter half[8]. - The company will enhance accounts receivable management to mitigate risks associated with potential bad debts due to economic fluctuations[17]. - The company is committed to integrating and managing acquired subsidiaries to minimize goodwill impairment risks[18]. Asset Management - The company reported a net receivable of RMB 503 million in accounts receivable as of December 31, 2018, with approximately RMB 450 million due within one year[14]. - The company's goodwill amounted to RMB 707 million, representing 36.55% of the equity attributable to shareholders at the end of the reporting period[18]. - The total amount raised by the company through directed issuance was CNY 457.64 million, with CNY 39.27 million used in the current period and CNY 388.96 million used cumulatively[142].