深信服(300454) - 2018 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of RMB 1.50 per 10 shares (including tax) to all shareholders, based on a total share capital not exceeding 403,133,000 shares[2]. - The company's operating revenue for 2018 was ¥3,224,450,529.19, representing a 30.41% increase compared to ¥2,472,474,537.36 in 2017[15]. - The net profit attributable to shareholders for 2018 was ¥603,275,680.00, a 5.19% increase from ¥573,519,304.75 in 2017[15]. - The net cash flow from operating activities for 2018 was ¥943,239,025.04, up 23.23% from ¥765,428,541.12 in 2017[15]. - The total assets at the end of 2018 were ¥5,132,398,231.08, a 76.30% increase from ¥2,911,144,598.05 at the end of 2017[15]. - The net assets attributable to shareholders at the end of 2018 were ¥3,437,415,245.86, a 97.49% increase from ¥1,740,537,402.50 at the end of 2017[15]. - The basic earnings per share for 2018 was ¥1.55, a decrease of 2.52% compared to ¥1.59 in 2017[15]. - The diluted earnings per share for 2018 was also ¥1.55, reflecting the same decrease of 2.52% from ¥1.59 in 2017[15]. - The weighted average return on equity for 2018 was 22.37%, down 17.07% from 39.44% in 2017[15]. - The company achieved a total revenue of ¥3,224,450,529.19, with a net profit attributable to shareholders of ¥603,275,680.00, representing increases of 30.41% and 5.19% respectively compared to the previous year[33]. Risk Factors - The company faces risks including intensified industry competition, increased R&D investment without corresponding revenue growth, and potential loss of key personnel[3]. - The company has outlined potential risks in its future development outlook, including macroeconomic and policy-related risks[3]. - The company recognizes the potential risks from macroeconomic conditions and changes in industry policies that could impact profitability[81]. - The company faces risks from increased competition in the information security and cloud computing sectors, which may compress growth opportunities and affect profit margins[82]. Research and Development - The company emphasizes continuous innovation and R&D investment, closely following global IT trends and user needs to update existing products and solutions[23]. - The company increased its R&D investment by 58.78%, exceeding the growth rate of total revenue, reflecting a strong commitment to innovation[33]. - Research and development expenses reached ¥779,026,957.72, which is an increase of 58.98% compared to the previous year, and accounted for 24.16% of total revenue[56]. - The number of R&D personnel increased to 1,664, representing 36.56% of the total workforce[54]. - The company invests approximately 20% of its annual revenue in research and development to enhance existing products and develop new solutions[187]. Market Expansion - The company is focused on expanding its market presence and enhancing its management capabilities to keep pace with business growth[3]. - The company plans to enhance its international market presence, focusing on Southeast Asia, the Middle East, and Europe to create new growth opportunities[28]. - The company aims to expand its market presence in Southeast Asia and the Middle East as part of the Belt and Road Initiative[191]. - The company plans to continue expanding its market presence and is focusing on new product development and technological advancements to drive future growth[166]. Corporate Governance and Compliance - The company is committed to maintaining the accuracy and completeness of its financial reports, with no significant audit issues reported[2]. - The company has implemented an employee stock incentive plan to retain key talent and improve employee benefits[83]. - The commitments made by major shareholders regarding shareholding and reduction intentions have been strictly adhered to without any violations[92]. - The company has engaged Ruihua Certified Public Accountants for auditing services, with a fee of 900,000 RMB for the year[123]. - The company has not faced any penalties or rectification issues during the reporting period[125]. Cash Management and Financial Strategy - The company has raised a total of ¥1,203,100,700.00 through its IPO, with a net amount of ¥1,155,210,610.28 after expenses[67]. - The company is actively managing its cash reserves through structured deposits to optimize returns[140]. - The structured deposits are part of the cash management strategy for idle raised funds[140]. - The company has reported zero losses and zero impairments on these financial products, reflecting effective risk management[151]. - The company is committed to managing idle self-owned funds effectively, as indicated in their announcements[162]. Employee Development - The company focuses on employee development through a comprehensive compensation and training system, fostering a culture of shared growth[189]. - A new "Employee Training and Development Center" has been established to enhance employee skills and capabilities[84]. - The company plans to continue recruiting high-end talent to strengthen its workforce amid intense competition[84]. Product Development and Innovation - The company has established a comprehensive cloud computing business layout since 2012, offering various products and solutions including desktop cloud, hyper-convergence, private cloud, and hybrid cloud[24]. - The company launched several new products, including EDR and SD-WAN solutions, enhancing its offerings in information security and cloud computing[53]. - The company aims to enhance its information security capabilities by developing new products such as hybrid cloud and security-visible switches[78]. Shareholder Returns - The cash dividend accounted for 100% of the total profit distribution amount[89]. - The cash dividend amount for 2018 was ¥60,469,950, representing 10.02% of the net profit attributable to ordinary shareholders[90]. - The company distributed a cash dividend of RMB 1.50 per 10 shares, totaling RMB 60,469,950.00 for the year[88].