银之杰(300085) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was CNY 1,181,006,553.61, a decrease of 9.10% compared to 2018[29]. - The net profit attributable to shareholders for 2019 was CNY 4,917,894.10, down 86.24% from the previous year[29]. - The net cash flow from operating activities was negative CNY 53,425,673.79, a decline of 154.97% compared to 2018[29]. - The basic earnings per share for 2019 was CNY 0.0070, representing an 86.17% decrease from 2018[29]. - The total operating revenue for the company in 2019 was ¥1,181,006,553.61, representing a decrease of 9.10% compared to ¥1,299,251,173.43 in 2018[105]. - The revenue from the financial information technology segment was CNY 172.04 million, a significant drop of 43.78% year-on-year due to fluctuations in major client purchases[88]. - The mobile information services segment generated revenue of CNY 633.00 million, representing a growth of 3.31% year-on-year[89]. - The internet insurance subsidiary, Yi'an Insurance, achieved premium income of CNY 1.04 billion, down 18.82% year-on-year, with a net loss of CNY 114.79 million[93]. - The company reported a significant decline in net profit for 2019 due to adjustments in insurance liability reserves by its invested internet insurance company, Yi'an Insurance[167]. Investment and Funding - The company plans to raise 1.353 billion RMB through a private placement of shares for projects including bank digital transformation solutions and R&D center[8]. - The company invested RMB 39,150,000 in Dongya Qianhai Securities, holding a 26.10% stake after the investment[71]. - The company invested CNY 5.50 million to increase its stake in Beijing Jiezhi Rong Software Co., Ltd., which now operates as a subsidiary[95]. - The company has temporarily used RMB 162 million of idle raised funds for cash management purposes[147]. - The company has not changed the purpose of the raised funds, maintaining a 0% change ratio[146]. - The total amount of raised funds and interest remaining unused is RMB 270.19 million[147]. Business Expansion and Strategy - The company has expanded its business into personal credit, internet insurance, securities, and financial big data, establishing a comprehensive financial ecosystem[5]. - The company aims to establish a comprehensive financial ecosystem by developing personal credit services and participating in the establishment of financial service institutions like internet insurance and securities[165]. - The company is actively integrating its business resources to develop the financial technology innovation market, focusing on personal credit and data services[168]. - The company has made significant investments in financial technology, expanding its business through acquisitions and external investments[162]. - The company’s main business has shifted from financial information technology to comprehensive financial services, leveraging opportunities in emerging industries like internet finance and big data[162]. Operational Challenges - The company anticipates short-term profitability risks due to high initial investments in new businesses like personal credit services and data services[5]. - The company has faced delays in project deliveries and increased costs due to the COVID-19 pandemic, but the overall impact on performance is expected to be limited[9]. - The impact of the COVID-19 pandemic has led to delayed project deliveries and increased costs, but the overall effect on the company's performance is limited[179]. - The company faces risks related to short-term profitability and operational funding shortages as it expands its new business segments[173][174]. Cash Management and Dividends - The company will not distribute cash dividends or bonus shares for the year[10]. - The company’s board of directors decided against cash dividends for 2019 to ensure sustainable development and risk resilience[188]. - The company has not distributed any cash dividends in 2019, with retained earnings being carried forward for future operational needs[194]. - The cash dividend for the fiscal year 2018 was 0.2 RMB per share, totaling 14,132,810.70 RMB distributed to shareholders[190]. - The company’s profit distribution policy aligns with its Articles of Association, focusing on sustainable growth and shareholder value[194]. Research and Development - The company holds 224 software copyrights and 84 patents, including 9 invention patents, showcasing its technological leadership[78]. - The company’s research and development expenditures increased by RMB 5,707,405.88, a growth of 80.93%, reflecting increased investment in product development[77]. - R&D investment amounted to ¥81,340,235.97, which is 6.89% of the operating revenue[122]. - The number of R&D personnel increased to 532, accounting for 56.96% of the total workforce[122]. Market Position and Customer Base - The company has established a strong market position, serving over 360 banks across 31 provinces, covering approximately 45% of the total bank outlets in China[51]. - The company has a customer base exceeding 500,000 enterprises across over 200 cities in China, covering more than 30 industries, showcasing its extensive market reach[62]. - Yimei Ruantong's mobile information services business remains stable, providing multi-dimensional services such as mobile marketing and customer management, with a strong market recognition for its products[54]. - Yimei Ruantong's competitive advantage lies in its stable service quality and extensive customer base, which supports its growth in the mobile information service sector[58].