汇金股份(300368) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥827,266,152.45, representing a 33.13% increase compared to ¥621,373,955.11 in 2017[24]. - The net profit attributable to shareholders for 2018 was ¥47,789,842.27, a significant turnaround from a loss of ¥165,502,173.01 in 2017, marking a 128.88% increase[24]. - The net cash flow from operating activities improved by 52.45%, reaching -¥42,771,779.43 in 2018, compared to -¥89,959,901.70 in 2017[24]. - Basic earnings per share for 2018 were ¥0.0887, a 129.15% increase from -¥0.3043 in 2017[24]. - The total assets at the end of 2018 were ¥1,574,614,768.44, a decrease of 3.78% from ¥1,636,420,377.55 at the end of 2017[24]. - The net assets attributable to shareholders decreased by 8.96% to ¥830,774,126.37 at the end of 2018 from ¥912,538,107.12 at the end of 2017[24]. - The company reported a non-recurring gain of ¥69,741,947.55 from the disposal of non-current assets in 2018[31]. - The company received government subsidies amounting to ¥8,820,689.15 in 2018, compared to ¥1,165,524.43 in 2017[31]. - The company reported a total sales revenue of 291.01 million yuan and a net profit of 16.21 million yuan for the year 2018[153]. - The available profit for distribution to shareholders was 16.21 million yuan, with no cash dividends declared, resulting in a cash dividend ratio of 0.00%[152]. Business Strategy and Development - The company has initiated a strategic upgrade to extend its services from financial equipment to the financial technology and service industry, but there are risks associated with not meeting expectations in this new business area[12]. - The company is actively adapting to trends in the banking sector, focusing on the development of high-end intelligent devices and solutions to meet the demands of digital transformation[39]. - The company aims to extend its intelligent hardware solutions to non-banking sectors, enhancing its product range and customer base[39]. - The company has established a strategic upgrade to extend its financial services into supply chain services, facing risks of not meeting expectations in this new venture[145]. - The company plans to invest in supply chain-related businesses to ensure stable operations and long-term shareholder value[155]. - The company is focusing on market expansion and has plans to enhance its product offerings in the medical equipment sector[120]. - The company plans to develop its supply chain business to enhance quality and efficiency, aiming for integrated services in order management, logistics, and financing, targeting industries like construction materials and coal[136]. - The company will pursue both organic growth and external acquisitions to rapidly establish its supply chain service business[131]. Acquisitions and Investments - The company acquired 70% of Beijing Zhongke Tuoda Technology Co., Ltd. for a total consideration of 361.2 million yuan, with future payments of 180.6 million yuan planned[154][155]. - The acquisition of Beijing Zhongke Tuoda Technology Co., Ltd. enhanced the company's capabilities in information technology solutions and services, creating a new growth point[56]. - Non-bank business revenue increased by 64.02% year-on-year, primarily due to the acquisition of 70% equity in Beijing Zhongke Tuoda Technology Co., Ltd., which significantly boosted the company's non-bank operating income[64][65]. - The company has committed to a net profit of CNY 43 million for 2018, CNY 53 million for 2019, and CNY 63 million for 2020 from the acquisition of 70% of Zhongke Tuoda[164]. - The actual performance of Zhongke Tuoda for the reporting period was CNY 44.3836 million, exceeding the original profit forecast of CNY 43 million[164]. Research and Development - The company has increased its R&D investment in cutting-edge information technology to adapt to the evolving financial equipment market[56]. - R&D expenses increased by 24.19% to ¥69.54 million, reflecting the company's commitment to innovation[80]. - The company has completed the performance testing and fatigue testing of the prototype for the micro cash processing center, aiming to enhance product compactness and functionality, which will strengthen its core competitiveness and market share[81]. - The company is developing a series of intelligent self-service devices to improve the speed and accuracy of financial transactions, which will enhance its position in the self-service equipment market[82]. - The company has initiated research and development for new technologies aimed at enhancing product competitiveness[120]. Financial Health and Risks - The company's goodwill net value in the consolidated financial statements is 331.8774 million yuan, indicating a risk of impairment if the integration of acquired companies is not effective[6]. - The company is facing intensified competition in the banking sector, which may lead to a decline in demand for cash-related products and a decrease in profit margins[142]. - The company is addressing management and talent shortages due to the increase in subsidiaries, implementing mechanisms for talent attraction and internal training[141]. - The company has a goodwill net value of ¥331.88 million, facing risks of impairment if acquisitions do not yield expected synergies or if market competition intensifies[141]. - The company is committed to increasing R&D investment to enhance product lines and market competitiveness in non-banking sectors[143]. Corporate Governance and Compliance - The company has committed to ensuring that the interests of shareholders are not harmed during the asset sale process[125]. - The company is focused on maintaining its operational integrity and shareholder value amidst the ongoing financial challenges[121]. - The company has established a commitment to avoid any potential direct or indirect competition with its own business operations[158]. - The company has made commitments regarding social insurance and housing fund payments, ensuring no losses to the company or its subsidiaries[158]. - The company will not engage in any transactions that would disadvantage public shareholders or violate legal regulations, ensuring compliance and fairness[159]. Legal Matters - The company is involved in ongoing litigation related to the financing issues with Hefei Huizhi and its affiliates[123]. - The company has ongoing arbitration with Handan Nuo Si Technology, with a claim amount of 15.86 million, and has not yet received the arbitration notice[176]. - A lawsuit against Shenzhen Qianhai Huijin Tianyuan Digital Technology involves a claim of 1,104.16 million related to a data center project, with proceedings initiated on March 28, 2019[176]. - The company has also filed a lawsuit against Dongguan Yunchu Intelligent Technology for overdue payments, with a claim amount of 200 million[177].