Leon(SZ:300603)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was ¥1,381,970,363.87, representing a 106.66% increase compared to ¥668,721,532.32 in 2018[16]. - The net profit attributable to shareholders for 2019 was ¥122,023,926.38, a significant increase of 195.08% from ¥41,353,508.77 in 2018[16]. - The net profit after deducting non-recurring gains and losses reached ¥160,595,129.11, up 353.51% from ¥35,411,703.43 in 2018[16]. - The total assets at the end of 2019 amounted to ¥3,704,376,631.00, a 166.69% increase from ¥1,389,004,887.35 at the end of 2018[16]. - The basic earnings per share for 2019 were ¥0.46, reflecting a 142.11% increase from ¥0.19 in 2018[16]. - The weighted average return on net assets was 5.83%, down from 9.36% in 2018, indicating a decrease of 3.53%[16]. - Total revenue for 2019 reached ¥1,381,970,363.87, representing a year-on-year increase of 106.66% compared to ¥668,721,532.32 in 2018[83]. - The public safety business generated ¥430,252,881.21, accounting for 31.13% of total revenue, showing a decline of 41.06% year-on-year[86]. - The communication network business revenue was ¥224,478,050.67, which is a 20.70% increase compared to the previous year[86]. - The operator value-added services business saw a 100% increase in revenue, amounting to ¥337,795,336.28, as it was newly introduced in 2019[86]. Dividends and Share Capital - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) to all shareholders, based on a total of 281,056,658 shares[5]. - The company aims to increase its capital reserve by converting 5 shares for every 10 shares held by shareholders[5]. - The net profit attributable to shareholders for 2019 was RMB 122,023,926.38, with a total distributable profit of RMB 311,658,581.21 after accounting for previous distributions and reserves[154]. - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 42,158,498.70, which represents 34.55% of the net profit attributable to ordinary shareholders for 2019[157]. - The cash dividend for 2018 was RMB 16,187,450.50, accounting for 39.14% of the net profit attributable to ordinary shareholders[158]. - The company has maintained a consistent dividend payout strategy over the past three years, reflecting its commitment to returning value to shareholders[158]. Acquisitions and Business Expansion - The company expanded its business through acquisitions, including the purchase of Wo Chi Technology and Dayi Internet, enhancing its presence in the data center and value-added telecommunications sectors[25]. - The company operates over 30 Tier 3+ data centers across China, with a total of more than 8,000 racks and bandwidth exceeding 4,000Gb[27]. - The company is actively expanding its business into new areas such as cloud computing and big data, leveraging its existing customer base[52]. - The company has established multiple subsidiaries, including Kashgar Tongdun and Xinjiang Lian Technology[9]. - The company has established a vertical internal ecosystem driven by IP, integrating channel promotion, digital marketing, game distribution, and IP incubation[70]. - The company is actively involved in mergers and acquisitions to enhance its competitive edge[191]. Risk Management and Governance - The report emphasizes the importance of risk awareness regarding future plans and performance forecasts, urging investors to make cautious decisions[5]. - The company is actively addressing the risk of increasing accounts receivable due to the tightening of funds among major clients, implementing measures to enhance collection efforts[147]. - The company aims to strengthen its governance structure and management processes to support sustainable and high-growth development in the future[146]. - The company has committed to ensuring that its core management team will not engage in competitive activities during and after their employment for a period of two years[166]. - The company has established a framework for compensating stakeholders based on performance metrics and receivables recovery[161]. Research and Development - The company has made significant investments in R&D, focusing on information technology products and software platforms, with applications in various sectors[72]. - The company has developed various core technologies, including cloud-based video surveillance systems and intelligent traffic management platforms, aimed at improving network performance and operational efficiency[73]. - The company is committed to ongoing research and development to innovate new products[189]. - The company has implemented a talent incentive mechanism to enhance team cohesion and strengthen its R&D capabilities[55]. - R&D investment accounted for 3.40% of operating revenue, up from 2.95% in the previous year[101]. Financial Management and Compliance - The company has confirmed that all previous fundraising has been utilized effectively and in accordance with disclosed plans[164]. - The company has committed to strict adherence to legal and regulatory requirements to ensure good corporate governance[177]. - The company has established an independent financial accounting system and opened independent bank accounts, ensuring compliance with tax regulations[171]. - The company has not faced any administrative penalties or criminal charges related to securities laws in the last 36 months[169]. - The company has maintained a good credit standing and has not defaulted on any significant debts or failed to fulfill commitments in the last three years[169]. Market Outlook and Strategic Goals - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[189]. - The company aims to strengthen its financial position by securing additional credit facilities[190]. - The company anticipates continued growth in revenue driven by market expansion strategies[190]. - The company plans to enhance its one-stop cloud services and security solutions, leveraging its existing data center licenses and expanding its cloud computing hardware resources[142]. - The company aims to capitalize on the booming Internet of Things (IoT) sector, particularly with the advent of 5G technology, to expand into smart transportation, smart healthcare, and smart city applications[143].