Boss Soft(SZ:300525)2020-05-25 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.1 RMB per 10 shares to all shareholders, based on a total of 214,085,219 shares[7]. - The company has approved a profit distribution plan during the board meeting, indicating a commitment to shareholder returns[7]. - The cash dividend represents 22.04% of the net profit attributable to ordinary shareholders, which is RMB 106,833,899.34 for the year 2019[149]. - The company will also increase its share capital by 3 shares for every 10 shares held, resulting in a total share capital of 278,310,785 shares after the distribution[148]. - The company has maintained a cash dividend payout ratio of 100% of the distributable profit for the year[148]. - In the past three years, the cash dividend amounts were RMB 15,126,720.00 in 2017, RMB 25,927,200.00 in 2018, and RMB 23,549,374.09 in 2019[149]. - The company is in a growth phase and has significant capital expenditure plans, with a minimum cash dividend ratio of 20% required during profit distribution[148]. Financial Performance - The company's operating revenue for 2019 was ¥898,768,211.80, representing a 60.90% increase compared to ¥558,594,681.40 in 2018[26]. - The net profit attributable to shareholders for 2019 was ¥106,833,899.34, a 25.17% increase from ¥85,349,226.11 in 2018[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,022,802.26, up 21.76% from ¥81,323,906.13 in 2018[26]. - The net cash flow from operating activities for 2019 was ¥114,937,171.25, an increase of 25.37% compared to ¥91,681,083.51 in 2018[26]. - The total assets at the end of 2019 were ¥1,809,451,674.47, a 69.31% increase from ¥1,068,697,372.59 at the end of 2018[26]. - The net assets attributable to shareholders at the end of 2019 were ¥1,215,505,317.13, a 99.34% increase from ¥609,759,056.90 at the end of 2018[26]. - The basic earnings per share for 2019 was ¥0.5470, reflecting a 19.72% increase from ¥0.4569 in 2018[26]. - The diluted earnings per share for 2019 was ¥0.5338, up 16.88% from ¥0.4567 in 2018[26]. Business Strategy and Development - The company is focused on expanding its market presence and developing new technologies to enhance its service offerings[7]. - The company aims to leverage SaaS (Software-as-a-Service) models to improve operational efficiency and customer engagement[16]. - The company is actively involved in the development of electronic payment solutions and digital government services to enhance public service delivery[16]. - The company is dedicated to building a digital city infrastructure to support smart city initiatives and improve citizen services[16]. - The company has developed a unified public payment platform to enhance connectivity between various systems, supporting a one-stop online service for public payments[40]. - The company has expanded its SaaS services across three major business areas, focusing on public payment services and electronic transaction services in public procurement[41]. - The company has established a comprehensive software product line covering government procurement, including platforms for electronic bidding and supplier services[40]. - The company is leveraging cloud technology, big data, and blockchain in its product offerings to improve service delivery and innovation[57]. Risks and Challenges - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance[7]. - The company emphasizes the importance of information security and management risks, highlighting potential challenges in core technology leakage and personnel turnover[7]. - The company acknowledges the risk of rising personnel costs due to increasing employee numbers and average salaries, which could impact profitability if business growth does not meet expectations[139]. - The company recognizes the seasonal nature of its sales, with a significant portion of revenue typically realized in the fourth quarter[139]. - The company plans to enhance its policy risk management capabilities and market development efforts to ensure sustainable growth in its main business[135]. Research and Development - Research and development expenses amounted to 132.01 million yuan, representing 14.69% of operating revenue, with a year-on-year increase of 52.50%[57]. - The number of R&D personnel increased to 1,120, up from 889 in the previous year, indicating a focus on enhancing product development capabilities[89]. - The company will increase R&D investment to upgrade products and improve user experience, particularly in fiscal electronic invoices and public procurement solutions[129]. Acquisitions and Investments - The company is in the process of acquiring 78.00% equity in Guangdong Ruilian, with necessary confidentiality measures in place during the feasibility study[153]. - The company plans to acquire 78.00% equity of Guangdong Ruilian in a cash transaction[156]. - The acquisition is part of a broader strategy for market expansion and technological advancement[156]. - The company has committed to maintaining confidentiality during the restructuring process and has not engaged in insider trading[156]. - The company has made a significant equity investment of ¥130,000,000.00 in BoSi Data Technology Development Co., Ltd., acquiring 100% ownership[101]. Compliance and Governance - The company has taken necessary measures to ensure compliance with regulatory requirements during the restructuring[158]. - The management has a good integrity record with no significant civil litigation or arbitration in the last five years[159]. - The company has committed to transparency and compliance throughout the acquisition process[162]. - The company has established measures to stabilize its stock price, which will be in effect for six months after certain obligations are fulfilled[186]. - The company has committed to not engaging in any related party transactions that are non-operational, including but not limited to providing loans or guarantees to entities controlled by the individual[186].