Amarsoft(SZ:300380)2019-06-04 16:00Financial Performance - The company's operating revenue for 2018 was ¥547,136,456.74, representing a 6.54% increase from ¥513,570,969.38 in 2017[19]. - The net profit attributable to shareholders in 2018 was ¥29,216,884.58, a significant increase of 130.76% compared to ¥12,661,339.37 in 2017[19]. - The net profit after deducting non-recurring gains and losses reached ¥26,533,329.58, up 199.78% from ¥8,850,848.78 in the previous year[19]. - The net cash flow from operating activities was ¥37,932,503.54, marking an increase of 182.24% from ¥13,439,720.22 in 2017[19]. - Basic earnings per share for 2018 were ¥0.2126, a 130.84% increase from ¥0.0921 in 2017[19]. - The total assets at the end of 2018 amounted to ¥660,750,396.17, reflecting a 9.51% increase from ¥603,378,877.04 at the end of 2017[19]. - The net assets attributable to shareholders were ¥430,407,627.47, up 6.55% from ¥403,939,542.89 in 2017[19]. - The company reported a quarterly revenue of ¥211,097,947.72 in Q4 2018, the highest among the four quarters[21]. - The company experienced a significant increase in net profit in Q4 2018, reaching ¥15,757,281.25, compared to ¥7,548,056.88 in Q3 2018[21]. - The total profit reached 27.68 million yuan, showing a significant increase of 228.33% compared to the previous year[35]. - The net profit attributable to shareholders was 29.22 million yuan, up by 130.76% year-on-year, primarily driven by steady growth in main business revenue and improved gross margin[35]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1.00 RMB per 10 shares based on a total of 137,440,000 shares[7]. - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling 13,744,000.00 CNY for the year 2018[90]. - The cash dividend represents 100% of the total distributable profit of 155,452,550.01 CNY[89]. - The cash dividend for 2018 accounts for 47.03% of the net profit attributable to the parent company[92]. - The company distributed a cash dividend of RMB 0.2 per share to shareholders, totaling RMB 2,748,800.00 for the 2017 fiscal year[88]. - The cash dividend policy complies with the company's articles of association and shareholder resolutions[89]. - The cash dividend distribution plan for 2018 was approved by the board and is pending shareholder meeting approval[91]. - The company has maintained a consistent dividend distribution strategy over the past three years[92]. Research and Development - The company invested 86.70 million yuan in R&D, a 4.39% increase from 83.05 million yuan in the previous year, reflecting its commitment to innovation[35]. - The company has a stable customer base, with extensive experience in serving banking clients, which supports future business development[29]. - The company’s core product, the credit risk management system, has been widely adopted, indicating strong market presence and reputation[29]. - The company aims to enhance its product competitiveness by investing in new product development and upgrading existing products[81]. - The company has implemented a budget and assessment mechanism for new businesses to ensure resource allocation within controllable risk limits[37]. Operational Challenges - The company faces risks from a declining profit growth rate in the banking sector, which may lead to reduced IT investment growth[5]. - There is an increasing competition risk in the domestic financial IT industry, with numerous participants affecting future performance uncertainty[5]. - The company has experienced growth in business volume from non-bank financial institutions, but stricter regulations pose potential exit risks for some clients[5]. - The company is facing rising human resource costs and a potential shortage of skilled professionals, impacting profitability[6]. - Seasonal fluctuations in revenue are evident, with most income realized in the third and fourth quarters due to the nature of banking clients' procurement cycles[6]. - Some subsidiaries and new business ventures are still in the investment phase, leading to uncertainty in future profitability[7]. - The company emphasizes the need for improved management efficiency to match its expanding operational scale[6]. Legal and Compliance Issues - The company has received multiple civil lawsuits in 2019, which could adversely affect its financial status if compensation is required[6]. - The company faced a total of 134 investor lawsuits during the reporting period, with claims amounting to approximately 187.4 million yuan, and has appealed against a first-instance ruling[117]. - The company received 134 securities litigation cases in 2018, with all cases resolved by the end of the reporting period, having no significant adverse impact on the financial statements[39]. - The company guarantees the accuracy and completeness of its financial statements, ensuring no false records or misleading statements exist[109]. - The company has maintained compliance with relevant regulations and guidelines throughout the reporting period[168]. Human Resources - The company has established a strong talent development model, with over 2,000 employees providing on-site services nationwide[33]. - The company employed 2,400 staff at the end of 2018, a decrease of 5.44% from 2,538 at the end of 2017, indicating a more optimized talent structure[37]. - Employee compensation accounted for 91.14% of operating costs, increasing by 4.86% year-on-year to approximately ¥314.87 million[49]. - The total employee compensation accounted for 31,486.67 million yuan, representing 91.14% of the total operating costs, indicating a high sensitivity of profits to changes in employee compensation[194]. - The number of technical personnel is 363, with their compensation making up 18.72% of the total salary expenses, which is an increase of 8.22% compared to the same period in 2017[194]. - The company has established a competitive and fair compensation policy, linking salaries to performance metrics across different business lines and positions[193]. - The company has implemented a comprehensive training program to enhance employee skills, covering technical skills, project management, communication, and professional ethics[195]. Shareholding Structure - The total number of shares for the dividend distribution is based on 137,440,000 shares[90]. - As of the end of the reporting period, the total number of shares was 137,440,000, with 48.66% being restricted shares[149]. - The company’s major shareholder, Shanghai Anshuo Technology Co., Ltd., held 31.41% of the shares, totaling 43,164,540 shares[154]. - The company’s shareholding structure shows a close relationship among the top shareholders, primarily consisting of family members[155]. - The actual controllers of the company are Gao Ming and Gao Yong, both of whom are natural persons and have not changed during the reporting period[157]. - The company has not faced any administrative penalties from the China Securities Regulatory Commission or public reprimands from the Shenzhen Stock Exchange[168]. Corporate Governance - The company maintains a governance structure that ensures equal rights for all shareholders, particularly minority shareholders, and adheres to relevant laws and regulations[198]. - The board of directors operates independently and follows established procedures for decision-making, ensuring transparency and accountability[199]. - The company has a performance evaluation and incentive mechanism in place for directors, supervisors, and senior management, promoting transparency in appointments[200]. - The company has a strong management team with diverse backgrounds in finance and technology[179]. - The company has established a compensation committee to review and submit remuneration proposals to the board[187]. Social Responsibility - The company donated 50,000 RMB to the Fudan University Education Development Foundation for poverty alleviation efforts in 2018[142]. - The company reported a total of 5 million RMB invested in improving educational resources in impoverished areas[144]. - The company plans to continue its poverty alleviation initiatives in the future[145].