GIT(SZ:300465)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was ¥1,758,318,368.99, representing a 10.45% increase compared to ¥1,591,919,566.49 in 2018[20]. - The net profit attributable to shareholders for 2019 was ¥133,741,533.27, a 27.93% increase from ¥104,546,602.00 in 2018[20]. - The net profit after deducting non-recurring gains and losses was ¥124,202,928.77, which is a significant increase of 105.78% compared to ¥60,356,466.24 in 2018[20]. - The basic earnings per share for 2019 was ¥0.30, up 30.43% from ¥0.23 in 2018[20]. - The total assets at the end of 2019 were ¥2,408,869,603.59, reflecting a 0.85% increase from ¥2,388,498,304.67 at the end of 2018[20]. - The net assets attributable to shareholders increased by 10.96% to ¥1,313,620,497.62 at the end of 2019 from ¥1,183,904,420.19 at the end of 2018[20]. - The net cash flow from operating activities for 2019 was ¥170,769,531.27, a decrease of 28.25% compared to ¥238,019,446.82 in 2018[20]. - The company reported a total of ¥9,538,604.50 in non-recurring gains for 2019, compared to ¥44,190,135.76 in 2018[26]. - The weighted average return on equity for 2019 was 10.71%, an increase from 9.25% in 2018[20]. - The total profit reached 140 million yuan, with a year-on-year increase of 26.26%[49]. Dividend Policy - The company reported a profit distribution plan to distribute a cash dividend of 0.45 RMB per 10 shares (tax included) based on a total of 446,762,257 shares[9]. - The total cash dividend amount for the year 2019 is RMB 20,104,301.57, which accounts for 15.03% of the net profit attributable to the parent company[119]. - The cash dividend payout ratio for 2019 is below the minimum required 20% due to significant capital expenditure plans[119]. - The company has a profit distribution policy that mandates a minimum cash dividend of 15% of the distributable profit when profitable, ensuring consistent returns to investors[117]. - The company did not distribute any stock dividends or capital reserves for the year 2019[119]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions[118]. - The company plans to retain undistributed profits for future allocations[119]. Business Risks - The company faces risks from rising media procurement costs due to increasing demand for quality media resources in the mobile internet marketing industry[5]. - The company acknowledges the impact of the COVID-19 pandemic on its financial technology and mobile internet business segments, which may lead to ongoing adverse effects on operations[9]. - The company is exposed to risks related to market competition, which may lead to a decline in gross profit margins within the industry[6]. - The company recognizes the risks associated with industry policy changes that could affect IT investments by financial institutions, impacting overall business performance[7]. - The company is subject to potential goodwill impairment risks if acquired assets do not meet expected performance levels, which could adversely affect financial results[8]. - The company highlights the need for effective management and coordination during external expansions and acquisitions to avoid operational challenges[7]. Growth and Development - The company has established itself as a leading financial information service provider in China since its founding in 1998, with significant growth following its capital market debut in May 2015[30]. - In 2019, the company experienced a rapid increase in operating performance, driven by the growing demand for financial technology services, particularly in the small and medium-sized banking and securities markets[36]. - The company anticipates continued growth in the financial technology sector, with a stable increase in revenue expected due to diverse and stable client demands[36]. - The company is focused on enhancing its core competitiveness by expanding quality customer bases and developing media channel resources[6]. - The company plans to focus on key areas such as core system solutions and credit system businesses to drive growth in the banking technology sector in 2020[51]. - The company plans to enhance its mobile advertising marketing solutions by leveraging data analysis capabilities for precise ad placements[58]. - Future growth strategies include deepening regional market penetration and enhancing collaboration with major banks to capture new business opportunities[112]. Acquisitions and Investments - The company completed several acquisitions, including Shanghai Ruimin and KuaiDu Technology, which contributed to stable investment returns and enhanced service capabilities[30]. - The company has developed a comprehensive product line, including competitive solutions like credit management systems and core business systems, which have a high market share[40]. - The company has established long-term relationships with a diverse range of financial institutions, enhancing its brand reputation and service quality in the industry[39]. - The company engaged in wealth management, with a total investment of RMB 231.22 million in bank financial products, with RMB 16.7 million overdue[152]. Research and Development - The company’s research and development model, known as the "baseline R&D management model," significantly improved project implementation efficiency[44]. - Research and development expenses increased by 29.14% to 72,131,542.86 RMB, reflecting the company's commitment to enhancing technological innovation[91]. - R&D investment in 2019 amounted to ¥52,503,277.04, representing 2.99% of total revenue, a decrease from 3.02% in 2018[98]. - The number of R&D personnel increased to 260 in 2019, accounting for 8.12% of the total workforce, slightly down from 8.13% in 2018[98]. Corporate Governance - The company has established and improved its governance structure and internal control systems in compliance with relevant laws and regulations[200]. - The company’s governance practices align with the regulatory standards set by the China Securities Regulatory Commission[199]. - There are no reported penalties from regulatory bodies for directors and senior management in the past three years[190]. - The company has fulfilled all commitments made to minority shareholders without any violations[128]. Shareholder Information - The largest shareholder, Yingtan Yinga Investment Consulting Co., Ltd., holds 21.81% of the shares, totaling 97,424,176 shares, with a decrease of 8,930,000 shares during the reporting period[168]. - The company has a total of 52,943 shareholders as of the end of the reporting period[168]. - The company’s major shareholders have not made any commitments regarding share reduction during the reporting period[173]. - The company has a shareholding reduction plan where it will not reduce more than 90% of its holdings within 12 months after the lock-up period ends, with the reduction price not lower than the latest audited net asset per share[126]. Social Responsibility - The company actively participated in social responsibility initiatives, including donations to rural schools and support for educational programs[155].