CDT(SZ:300344)2019-04-25 16:00Financial Performance - The company's operating revenue for 2018 was CNY 537,096,927.41, representing a 14.56% increase compared to CNY 468,842,850.71 in 2017[17]. - The net profit attributable to shareholders for 2018 was CNY 34,598,755.84, a significant turnaround from a loss of CNY 32,789,194.80 in 2017, marking a 205.52% increase[17]. - The net cash flow from operating activities reached CNY 75,645,580.07, up 112.29% from CNY 35,633,667.60 in the previous year[17]. - The basic earnings per share for 2018 was CNY 0.1024, compared to a loss of CNY 0.0971 per share in 2017, reflecting a 205.46% improvement[17]. - The total profit amounted to ¥52,327,183.41, reflecting a significant increase of 529.36% year-on-year, attributed to revenue growth and asset optimization[40]. - Non-recurring gains and losses totaled approximately $11.90 million in 2018, compared to a loss of $4.47 million in 2017, indicating a recovery in non-operating income[23]. - The company achieved operating revenue of ¥537,096,927.41, an increase of 14.56% compared to the previous year, primarily driven by growth in software sales and technical services[40]. - The company reported a significant increase in other revenue, which rose by 797.74% to ¥9,650,731.48[45]. - The company reported a net profit decrease of CNY 1,850,806.92 due to the establishment of a new subsidiary, TaiKong Jingwei Technology Co., Ltd.[80]. Assets and Liabilities - The total assets at the end of 2018 were CNY 1,059,098,059.76, a decrease of 21.21% from CNY 1,344,127,226.94 at the end of 2017[17]. - The net assets attributable to shareholders decreased by 15.47% to CNY 524,613,242.24 from CNY 620,623,779.68 in 2017[17]. - The company’s fixed assets decreased by 88.89%, mainly due to changes in the scope of consolidation during the reporting period[28]. - Accounts receivable increased to ¥232,129,302.17, accounting for 21.92% of total assets, up by 6.15% compared to the previous year[69]. - Inventory decreased to ¥115,566,062.13, making up 10.91% of total assets, a decline of 1.40% from 2017[69]. - Short-term borrowings were reduced to ¥47,800,000.00, representing 4.51% of total assets, down by 17.01% year-over-year[69]. - Long-term borrowings decreased to ¥70,000,000.00, accounting for 6.61% of total assets, a reduction of 0.83% from the previous year[69]. - Other payables increased significantly to ¥257,450,268.52, which is 24.31% of total assets, up by 11.01% compared to 2017[69]. Business Strategy and Development - The company plans to enhance its brand influence and market share through technological advantages and improved management practices[4]. - The company is focusing on expanding its BIM business in the prefabricated construction sector to achieve its strategic transformation goals[4]. - The company is focusing on becoming a comprehensive service provider for prefabricated buildings, integrating design, construction, and BIM consulting services[25]. - The company aims to promote the concept of "low-carbon, green, energy-saving, and environmentally friendly" to increase brand recognition and market share[41]. - The company aims to transform into a comprehensive service provider for prefabricated buildings, leveraging its position as a listed company on the Growth Enterprise Market[80]. - The company plans to develop a BIM-based Internet + engineering big data information service platform, enhancing its core competitiveness in the BIM business[81]. - The company intends to expand its prefabricated building services both domestically and internationally, with a focus on overseas market breakthroughs[82]. - The company will strengthen team building and talent acquisition to support its transition to a comprehensive service provider for prefabricated buildings[82]. Research and Development - The company holds 28 invention patents, 9 utility model patents, 3 U.S. patents, 18 design patents, and 77 software copyrights, emphasizing its commitment to innovation[41]. - Research and development expenses increased by 18.55% to ¥19,088,698.62 compared to the previous year[58]. - R&D investment accounted for 5.25% of operating revenue, down from 6.59% the previous year[62]. - The company has committed to researching and developing standards and technologies for prefabricated buildings, enhancing its R&D capabilities[83]. Shareholder and Governance - The company did not distribute any cash dividends for 2018, with a total cash dividend amount of RMB 0.00, representing 0.00% of the net profit[94]. - The company’s retained earnings for the parent company were negative at RMB -163,012,097.44 at the end of 2018, indicating ongoing financial challenges[90]. - The company has a commitment to ensure that employee social insurance and housing fund contributions are made as required by authorities[100]. - The company has established a commitment to ensure that all related transactions are conducted fairly and justly[98]. - The company has a structured approach to evaluating the performance of its senior management, which influences their compensation[169]. - The company has maintained a consistent leadership structure with no overlapping roles in other listed companies for its current directors[168]. - The company’s board includes members with extensive experience in various industries, enhancing its governance and strategic direction[164][165][166][167]. Internal Control and Compliance - The company’s internal control evaluation report indicated that there were no significant internal control deficiencies identified during the reporting period[194]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2018[197]. - The company has established and strictly implemented information disclosure management systems to ensure the accuracy and timeliness of information provided to shareholders[183]. - The company respects the rights of stakeholders and aims to balance the interests of society, shareholders, and employees[182].