Everyday Network (SZ:300295)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥347,620,177.31, a decrease of 26.42% compared to ¥472,426,368.15 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥51,785,476.16, down 48.97% from ¥101,475,697.07 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,612,920.00, a decline of 53.93% from ¥68,616,484.08 in 2019[16] - The net cash flow from operating activities was -¥65,030,345.81, an increase of 741.25% compared to -¥7,730,212.00 in 2019[16] - The total assets at the end of 2020 were ¥1,889,790,056.12, a decrease of 23.37% from ¥2,466,243,029.99 at the end of 2019[16] - The net assets attributable to shareholders at the end of 2020 were ¥1,285,014,126.52, an increase of 3.07% from ¥1,246,728,169.30 at the end of 2019[16] - The basic earnings per share for 2020 were ¥0.27, down 49.06% from ¥0.53 in 2019[16] - The diluted earnings per share for 2020 were also ¥0.27, reflecting the same decline of 49.06% from ¥0.53 in 2019[16] - The weighted average return on net assets was 4.07%, a decrease of 4.25% from 8.32% in 2019[16] - The company reported a total of ¥20.17 million in non-recurring gains for 2020, down from ¥32.86 million in 2019[24] - In 2020, the company achieved total operating revenue of CNY 444.57 million, a year-on-year decrease of 18.29%[43] - The net profit attributable to shareholders was CNY 51.79 million, down 48.97% year-on-year[43] Cash Flow and Assets - The net cash flow from operating activities was -¥65,030,345.81, a significant increase in loss of 741.25% compared to the previous year[59] - The company’s cash and cash equivalents decreased by ¥211,212,398.29, marking a 269.13% decline year-on-year[59] - The company’s monetary funds decreased from 19.04% to 7.03% of total assets due to risk control measures taken in the second half of the year[61] - Accounts receivable decreased from 2.43% to 1.61% of total assets, attributed to a decline in operating revenue due to the pandemic[61] - The company reported a decrease in total assets by 23.37% compared to the beginning of the period[62] Investments and Subsidiaries - The company reported a 78.71% decrease in long-term equity investments due to the transfer of a 20% stake in a joint venture[31] - Investment properties increased by 38.42% compared to the previous year, attributed to the conversion of prepaid housing funds[31] - The company added 4 subsidiaries during the reporting period, with no subsidiaries removed[51] - The company established a new subsidiary, 南京握客盈杰软件技术有限公司, to advance digital marketing products in real estate[29] Business Strategy and Market Focus - The company launched the "365养老" platform to provide services for the elderly, responding to demographic changes[28] - The "365淘房" business remains the core focus, enhancing its marketing services and expanding into the Chengdu market[28] - The company will continue to focus on "user first" in its "365 Tao House" business, optimizing user operation systems to steadily improve platform effectiveness[79] - The company emphasizes a strategic shift towards promoting healthy housing consumption in line with the new normal in the real estate market[75] - The company recognizes the risk of intensified competition in the real estate service industry and plans to enhance its core competitiveness[82] Shareholder and Governance Structure - The largest shareholder, Hu Guanghui, holds 14.94% of the shares, totaling 28,727,950 shares[150] - The second largest shareholder, Tibet Xuan Yu Enterprise Management Co., Ltd., holds 4.33% of the shares, totaling 8,320,883 shares[150] - The company has no controlling shareholder or actual controller, as the largest shareholder does not meet the required controlling percentage[152] - The company has a diverse board with members holding various academic and professional backgrounds, including independent directors with significant experience in academia and industry[164][167] - The company has maintained a stable management structure with key personnel changes being strategic and aimed at enhancing operational efficiency[165][169] Employee and Management Information - The company employed a total of 1,080 staff, with 439 in sales, 153 in technical roles, and 319 in platform operations[177] - The educational background of employees includes 24 with master's degrees or above, 649 with bachelor's degrees, and 355 with associate degrees[178] - The company has established a differentiated remuneration performance assessment system linked to individual performance and corporate strategic goals[179] - Total remuneration for directors, supervisors, and senior management amounted to CNY 691.94 million during the reporting period[174] Financial Management and Risk Control - The company’s financial management strategy includes low-risk investments, with a focus on liquidity and capital preservation[124] - The company has a diversified portfolio in its entrusted financial management, including bank, broker, and trust products[124] - The company’s financial management activities are aimed at optimizing the use of temporarily idle funds[124] - The company has no overdue amounts in its entrusted financial management activities[124] Compliance and Regulatory Matters - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[190] - There were no significant discrepancies between the company's governance practices and the regulatory requirements set by the China Securities Regulatory Commission[192] - The supervisory board found no risks during its oversight activities in the reporting period[200]