兆日科技(300333) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥215,843,734.68, a decrease of 6.60% compared to ¥231,099,705.44 in 2017[21]. - The net profit attributable to shareholders for 2018 was ¥12,220,671.80, down 35.49% from ¥18,944,257.22 in 2017[21]. - The net profit after deducting non-recurring gains and losses was ¥2,129,695.82, a significant decline of 85.11% from ¥14,299,193.40 in 2017[21]. - The net cash flow from operating activities increased by 62.34% to ¥45,269,307.34 in 2018, compared to ¥27,884,912.83 in 2017[21]. - The total assets at the end of 2018 were ¥891,215,777.64, a slight decrease of 0.11% from ¥892,198,221.54 at the end of 2017[21]. - The net assets attributable to shareholders decreased by 3.29% to ¥826,800,822.78 at the end of 2018, down from ¥854,900,150.98 at the end of 2017[21]. - The company reported a basic earnings per share of ¥0.0364 for 2018, a decrease of 35.46% from ¥0.0564 in 2017[21]. - The company achieved operating revenue of 216 million yuan in 2018, a year-on-year decrease of 6.6%[44]. - The revenue from the 票据防伪行业 was ¥211.76 million, accounting for 98.11% of total revenue, which represents a 7.01% decrease from ¥227.73 million in 2017[56]. - The electronic payment password system generated ¥210.86 million, making up 97.69% of total revenue, down 5.20% from ¥222.43 million in the previous year[56]. Research and Development - R&D and management expenses have increased significantly, impacting the overall operating performance, with a large portion of revenue allocated to these areas[8]. - The company has established four R&D centers in Shenzhen, Wuhan, Xi'an, and Beijing to enhance its technological capabilities[8]. - The company focuses on R&D innovation, utilizing various models including internal development and partnerships with universities and research institutions[30]. - The company’s R&D investment reached 60.72 million yuan in 2018, representing a year-on-year increase of 6.69% and accounting for 28.13% of operating revenue[46]. - The company launched 14 new invention patents and received 2 invention patent authorizations during the reporting period, bringing the total effective patents to 53, including 38 invention patents[51]. - The company’s paper纹防伪 technology is being integrated into smart teller machines (STM) to enhance anti-counterfeiting measures in banking operations[50]. - The company has adjusted its R&D strategies in response to dynamic market demands in the financial information security industry[84]. Market Position and Strategy - The company is focusing on innovation in financial technology, particularly in mobile payment and anti-counterfeiting solutions, to adapt to industry changes[5]. - The company aims to maintain its leading position in the traditional anti-counterfeiting market while transitioning to new technologies[8]. - The financial technology sector is undergoing significant transformation, and the company is positioned to leverage its expertise in this area[5]. - The corporate mobile payment market is still in its early stages, with significant potential for growth as it currently lacks comprehensive solutions and infrastructure[35]. - The company is actively pursuing market expansion and technological innovation to ensure sustainable growth[8]. - The company has maintained stable sales volume and revenue from traditional electronic payment products, while new products like the corporate mobile payment system and anti-counterfeiting products have started contributing to revenue[32]. Cash Dividends and Profit Distribution - The board of directors has approved the profit distribution plan, which includes cash dividends but no stock dividends[10]. - The company reported a cash dividend of 0.60 RMB per 10 shares, based on a total of 336 million shares[9]. - The cash dividend represents 34.6% of the company's distributable profits of RMB 58,234,767.63 for the same period[105]. - The cash dividend policy complies with the company's articles of association, which stipulates a minimum distribution of 20% of the distributable profits[104]. - The cash dividend for 2018 is a decrease of 50% compared to the previous year's distribution of RMB 1.20 per 10 shares[110]. - The company has maintained a consistent cash dividend distribution over the past three years, with amounts of RMB 15,120,000 in 2016 and RMB 40,320,000 in 2017[110]. Operational Risks and Challenges - The company faces risks related to rising operational costs due to increased investment in marketing and technology innovation[8]. - The traditional electronic payment password system has seen widespread use among banks, but increased market competition poses risks to profitability[7]. - The company recognizes potential risks associated with market acceptance of its public mobile payment technology amid ongoing financial technology transformations[98]. Governance and Management - The company has a diverse board with members from various educational and professional backgrounds, contributing to a well-rounded governance structure[163][165]. - The management team includes individuals with extensive backgrounds in finance, technology, and management, enhancing the company's strategic capabilities[163][164]. - The company has implemented a strategy to enhance governance structure and promote long-term stable development[191]. - The audit report issued by Ruihua Certified Public Accountants provided a standard unqualified opinion on the financial statements for the year ended December 31, 2018[198]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with legal standards[179]. Employee and Workforce - The company employed a total of 270 staff members, with 181 in technical roles, 42 in sales, and 13 in production[171]. - The company has 66 employees with postgraduate degrees, 163 with bachelor's degrees, and 25 with associate degrees[171]. - The total remuneration paid to directors, supervisors, and senior management in 2018 amounted to CNY 7.0489 million[169]. - The remuneration for the chairman and general manager, Wei Kaiyan, was CNY 200.96 thousand[170]. - The company has implemented various training programs to enhance employee skills and promote career development[174]. Financial Management and Investments - The company has invested significantly in R&D and new product marketing, which has put pressure on its financial performance[32]. - The company has implemented a strict management system for the use of raised funds, ensuring compliance with relevant regulations[80]. - The company has invested in various short-term bank wealth management products, with total principal amounts reaching RMB 40 million and RMB 10 million across multiple transactions[86]. - The company reported a total investment amount of 4,000 million yuan in a floating income product with an annualized return of 4.45%[137]. - The company raised 10,000 million yuan in a principal-protected income product with an annualized return of 4.60%[137]. Subsidiaries and Business Expansion - The company established a wholly-owned subsidiary, Shenzhen Zhaori International Travel Agency Co., Ltd., in August 2018, expanding its consolidation scope[61]. - The total assets of Beijing Zhaori Technology Co., Ltd. amounted to RMB 258.78 million, with a net profit of RMB 25.87 million, contributing significantly to the company's overall performance[91]. - The company has not sold any significant assets or equity during the reporting period, indicating stability in its asset management[89][90].