CDT(SZ:300344)2020-04-24 16:00Financial Performance - The company's operating revenue for 2019 was ¥451,873,252.15, a decrease of 15.87% compared to ¥537,096,927.41 in 2018[17] - The net profit attributable to shareholders for 2019 was ¥15,830,481.41, down 54.25% from ¥34,598,755.84 in the previous year[17] - The net cash flow from operating activities was ¥67,031,565.65, representing an 11.39% decline from ¥75,645,580.07 in 2018[17] - The basic earnings per share decreased to ¥0.0331, a drop of 54.78% compared to ¥0.0732 in 2018[17] - Total assets at the end of 2019 were ¥995,347,119.33, down 6.02% from ¥1,059,098,059.76 at the end of 2018[17] - The total profit amounted to ¥25,425,793.66, down 51.41% year-on-year, with net profit attributable to shareholders at ¥15,830,481.41, a decrease of 54.25%[40] - The company's total assets decreased by 6.02% to ¥995,347,119.33, while net assets increased by 14.26% to ¥599,422,042.50[40] Revenue Breakdown - Software sales and technical services accounted for ¥373,661,078.15, representing 82.69% of total revenue, down 21.12% from the previous year[45] - The sales of building materials increased by 12.26% to ¥60,296,987.53, making up 13.34% of total revenue[45] - Revenue from other services increased by 75.97% to ¥16,982,588.53, contributing 3.76% to total revenue[45] - The Northeast region saw a significant revenue increase of 110.02%, reaching ¥35,493,160.91, while the East China region experienced a decline of 69.28% to ¥37,969,249.31[45] Cash Flow and Investments - The net cash flow from operating activities showed a significant fluctuation, with a negative cash flow of approximately ¥9.55 million in Q1, turning positive to ¥65.70 million in Q2, and then negative again in Q3 at approximately ¥3.41 million, before recovering to ¥14.28 million in Q4[19] - Investment cash inflow dropped by 90.46% to ¥26,112,997.26, primarily due to the absence of equity disposals from the previous year[64] - Financing cash inflow decreased by 83.90% to ¥138,659,950.00, while cash outflow decreased by 80.71% to ¥232,041,763.43[64] Research and Development - The company has a competitive advantage in software sales, particularly in the AEC industry, due to strong software development and service capabilities[27] - The company is focusing on transforming into a comprehensive service provider for prefabricated buildings, enhancing capabilities in green, low-carbon, and smart building services[40] - The company developed several new R&D projects, including an EPC platform V2.0 and a BIM management platform for airports[56][57] - The company invested ¥16,881,004.07 in R&D, which is 3.74% of total revenue, down from 5.25% in 2018[61] Shareholder and Dividend Policy - The company will not distribute cash dividends or issue bonus shares for the year[6] - The company reported a cash dividend total of 0, with a cash dividend ratio of 0.00% of the total profit distribution[93] - The company did not propose any cash dividend distribution for 2019, maintaining a consistent policy of no cash dividends over the past three years[99] Risk Management - The company faces risks related to goodwill from acquisitions and accounts receivable due to long settlement periods in the construction industry[4][5] - The company is committed to strengthening internal control systems to improve management efficiency and risk control[42] Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team[187] - The board consists of 7 members, including 3 independent directors, meeting legal requirements[188] - The company has implemented a performance-based remuneration system for its executives[177] Future Outlook and Strategy - The company plans to enhance its brand influence and market share while mitigating the adverse effects of economic cycles and the COVID-19 pandemic[4] - The company aims to achieve breakthroughs in overseas markets, making it a key focus of its development strategy[88] - The company intends to actively explore opportunities in the Belt and Road Initiative, seeking BIM information development opportunities along the route[85] Employee and Management Information - The total number of employees in the company is 277, with 73 in the parent company and 204 in major subsidiaries[181] - The total remuneration paid to the board of directors, supervisors, and senior management in 2019 amounted to CNY 3,147,636.8[177] - The company has a structured salary system based on job importance, complexity, and market conditions[183]