Career International(SZ:300662)2020-04-23 16:00Financial Performance - The company's operating revenue for 2019 was ¥3,585,959,772.20, representing a 63.24% increase compared to ¥2,196,782,228.00 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥152,242,153.81, which is a 29.38% increase from ¥117,674,956.44 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥132,600,644.47, up 22.91% from ¥107,884,322.10 in 2018[22]. - The basic earnings per share for 2019 was ¥0.8458, an increase of 29.39% compared to ¥0.6537 in 2018[22]. - The total assets at the end of 2019 amounted to ¥1,684,351,852.65, reflecting a 22.21% increase from ¥1,378,225,533.39 at the end of 2018[22]. - The net assets attributable to shareholders increased by 18.31% to ¥861,320,813.91 from ¥728,015,342.26 in 2018[22]. - The company reported a net cash flow from operating activities of ¥123,257,774.28, a decrease of 7.50% from ¥133,258,591.48 in the previous year[22]. - The quarterly revenue for Q4 2019 was ¥970,440,272.96, showing a consistent growth trend throughout the year[24]. - The company maintained a weighted average return on equity of 19.23% for 2019, up from 17.43% in 2018[22]. - The company reported a non-operating income of 19,641,509.34 in 2019, a significant increase from 9,790,634.34 in 2018, representing a growth of approximately 100%[28]. Dividend Distribution - The company plans to distribute a cash dividend of 1.67 RMB per 10 shares to all shareholders, based on a total of 182,287,000 shares[7]. - The profit distribution plan includes a cash dividend of 1.67 yuan per 10 shares, totaling 30,441,929.00 yuan, which is 20.00% of the net profit[121]. - The total distributable profit for the year was 421,747,269.91 yuan, with cash dividends accounting for 100.00% of the profit distribution[118]. - The cash dividend per share has increased from 0.83 yuan in 2017 to 1.67 yuan in 2019, reflecting a growth in shareholder returns[120]. - The company has maintained a consistent cash dividend policy, with a minimum of 20% of net profit allocated for dividends in recent years[119]. - The company has not proposed any bonus shares or capital reserve transfers in its profit distribution plan[7]. - There were no share buybacks or other forms of cash distribution aside from the declared dividends[118]. Business Growth and Strategy - The human resources service industry in China is experiencing rapid growth, indicating a broad development prospect[6]. - The company has established a strong industry position and brand recognition, allowing it to provide comprehensive human resource solutions[6]. - The company has focused on enhancing its core business areas, including high-end talent search, recruitment process outsourcing, and flexible employment services[39]. - The company has developed a series of SaaS products, including recruitment, onboarding, attendance, payroll, and benefits management, under the "one cloud and one platform" strategy[40]. - The company has established a partner platform "He Wa" to enhance service capabilities and resource aggregation in the human resources market[43]. - The company has integrated its product structure to better serve long-tail customers, accumulating a large number of C-end candidate resources[43]. - The company has implemented AI and machine learning technologies to improve efficiency in candidate selection and recruitment processes[39]. - The company is positioned to benefit from favorable macro policies supporting the human resources industry, enhancing its growth prospects[52]. - The company achieved a revenue of CNY 3.586 billion in 2019, representing a year-on-year growth of 63.24%[59]. - The flexible staffing business generated revenue of CNY 2.766 billion, up 82.91% year-on-year, with a gross margin of 8.59%[70]. Risk Management - The company acknowledges risks related to management capacity not keeping pace with business scale expansion, which could weaken market competitiveness[5]. - The company recognizes the risk of talent loss due to increasing market competition and the need to strengthen core competitiveness[6]. - The company is facing potential uncertainties in macroeconomic conditions that may adversely affect business development[7]. - The company is addressing risks related to management capacity and talent retention through internal training and performance incentives[110]. - The company is adapting its product offerings to mitigate risks from the ongoing COVID-19 pandemic by enhancing online services and diversifying its product line[112]. Corporate Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring accountability for any misleading statements[3]. - The company has committed to fulfilling its obligations regarding shareholder returns and maintaining transparency in its financial practices[122]. - The company reported a commitment to provide accurate and complete information during the major asset restructuring process[125]. - There are no significant legal issues or administrative penalties against the company or its controlling entities in the last 16 months[126]. - The company has committed to not transferring benefits to other units or individuals under unfair conditions[127]. - The company will ensure that any related transactions are conducted at fair market prices, adhering to legal procedures[133]. - The company has not reported any non-standard audit reports for the recent period, indicating a clean audit status[159]. - The company has adhered to its commitments made to minority shareholders, confirming that all promises have been fulfilled on time[157]. - The company is committed to maintaining transparency in related party transactions and ensuring compliance with relevant regulations[156]. Social Responsibility - The company donated 1 million RMB to Wuhan Charity Association during the pandemic and launched a series of initiatives to support HR management in various industries[106]. - The company actively participated in various social welfare activities, including a fundraising campaign that raised over 120,000 RMB for poverty alleviation projects[185]. - The company plans to continue fulfilling its corporate social responsibility and contributing positively to society in the future[186]. Subsidiaries and Investments - The company has established 109 branches across 99 cities in China and 11 cities in 7 countries, employing over 2,200 professional recruitment consultants and serving more than 18 industries[49]. - The company has increased its investment in Shanghai Yunwu Technology Co., Ltd. (Caidiao) to 34.75%, with an investment amount of 9.8 million, of which 9.12 million has been paid[44]. - The company has acquired the UK-based human resources consulting firm Caraffi LTD, resulting in goodwill recognized in the financial statements[44]. - The company established new subsidiaries in 2019, including Ke Rui Jiang Cheng, which achieved a net profit of CNY 36,458.78, and Ke Rui Pai, which was in the startup phase[104]. - The company reported that its subsidiary Suzhou Ke Rui Er generated a revenue of CNY 328.91 million and a net profit of CNY 26.51 million during the reporting period[103]. - The subsidiary Beijing Ou Ge Lin reported a revenue of CNY 137.1 million and a net profit of CNY 18.18 million[103]. - The subsidiary Shanghai Ke Zhi Rui achieved a revenue of CNY 978.09 million and a net profit of CNY 51.73 million[103]. Shareholder Information - The total number of shares for the dividend calculation is 182,287,000[119]. - The company’s foreign shareholding remains at 4,155,165 shares, accounting for 2.31% of total shares[199]. - The company’s unrestricted shares account for 50.34% of the total shares, which decreased to 49.71% after the issuance[199]. - A major shareholder, Career International (Hong Kong) Limited, reduced its holdings by 6,775,162 shares, representing 3.764% of the total share capital[192]. - Another major shareholder, Hangzhou Changdi Equity Investment Partnership, reduced its holdings by 4,137,400 shares, accounting for 2.299% of the total share capital[193].