CSII(SZ:300663)2021-04-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.3 RMB per 10 shares to all shareholders, based on a total of 310,992,278 shares[11]. - The company has implemented a profit distribution plan that includes both cash dividends and capital reserve transfers to shareholders[11]. - The company reported a cash dividend of 0.3 RMB per 10 shares, totaling 9,329,768.34 RMB, which represents 100% of the total profit distribution[184]. - The total distributable profit for the year was 261,068,416.07 RMB, indicating a strong profit generation capability[184]. - The company will prioritize cash dividends, with a minimum of 20% of profit distribution allocated to cash dividends during periods of significant capital expenditure[179]. - The cash dividend distribution reflects the company's commitment to returning value to shareholders while maintaining a healthy profit margin[185]. - The company has maintained a stable dividend policy over the past three years, indicating a strong financial position[185]. - In 2020, the company distributed a cash dividend of RMB 0.30 per 10 shares, totaling RMB 9,329,768.34, which represents 15.41% of the net profit attributable to ordinary shareholders[185]. - In 2019, the cash dividend was RMB 0.25 per 10 shares, amounting to RMB 7,510,628.90, accounting for 15.17% of the net profit attributable to ordinary shareholders[185]. - In 2018, the cash dividend was RMB 0.35 per 10 shares, totaling RMB 7,051,238.50, which was 16.56% of the net profit attributable to ordinary shareholders[185]. - The total cash dividends distributed over the three years were RMB 23,891,605.74, with a consistent payout ratio around 15%[185]. - The company plans to increase its capital stock by 10 shares for every 10 shares held, based on the 2020 profit distribution plan[185]. - The company has not proposed a cash dividend distribution plan for the current reporting period despite positive profits[188]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[188]. Financial Performance - The company's operating revenue for 2020 was ¥1,038,673,858.08, representing an increase of 11.22% compared to ¥933,872,009.88 in 2019[30]. - The net profit attributable to shareholders for 2020 was ¥60,530,057.93, a growth of 22.26% from ¥49,509,331.14 in 2019[30]. - The net profit after deducting non-recurring gains and losses was ¥57,956,573.08, up 25.20% from ¥46,289,779.14 in 2019[30]. - The total assets at the end of 2020 reached ¥2,232,867,517.65, a significant increase of 50.48% from ¥1,483,845,481.10 at the end of 2019[30]. - The net assets attributable to shareholders at the end of 2020 were ¥1,095,158,667.04, reflecting a 45.92% increase from ¥750,499,575.62 in 2019[30]. - The company reported a basic earnings per share of ¥0.20 for 2020, which is a 25.00% increase from ¥0.160 in 2019[30]. - The net cash flow from operating activities for 2020 was negative at -¥72,628,017.69, worsening by 207.37% compared to -¥23,628,851.23 in 2019[30]. - The company's total operating revenue for 2020 was approximately ¥1.04 billion, representing an increase of 11.22% compared to ¥933.87 million in 2019[99]. - The revenue from non-banking financial institutions surged by 185.19%, reaching ¥93.03 million in 2020, up from ¥32.62 million in 2019[99]. - The company's revenue in the domestic market was approximately ¥1.03 billion, accounting for 98.74% of total revenue, indicating strong domestic demand[102]. - The company's revenue from the software and information industry reached ¥1,038,673,858.08, with a year-on-year increase of 11.22%[104]. - The gross profit margin for the software and information industry was 42.71%, reflecting a slight increase of 0.46% compared to the previous year[104]. - The internet banking segment generated ¥372,506,077.96 in revenue, with a year-on-year growth of 10.13%[104]. - Domestic revenue amounted to ¥1,025,586,401.60, marking an 11.59% increase from the previous year[104]. Market Expansion and Strategy - The company is focusing on expanding its market presence and enhancing its technological capabilities in financial services[19]. - The company is exploring new strategies for market expansion and product development in the financial technology sector[19]. - The company is actively investing in research and development of new technologies to enhance its service offerings in the financial sector[19]. - The company is focused on providing online application software products and services primarily to financial institutions, particularly banks[42]. - The company has developed over 2,000 business systems for nearly 500 banking and non-banking financial clients[45]. - The company has established strategic partnerships with major internet giants, including Tencent and Alibaba, to co-develop innovative financial solutions[80]. - The company initiated market promotion in key sectors such as finance and telecommunications, establishing joint innovation laboratories with leading banks[81]. - The company is actively exploring more 5G messaging financial service scenarios to enhance its offerings in the digital transformation landscape[88]. - The company has successfully covered all three major state policy banks with its electronic banking services, marking a strategic achievement in expanding its market presence[92]. - The company emphasizes the importance of digital transformation in banking services, management models, and competitive landscapes, driven by technological advancements[166]. Risks and Challenges - The company faces risks of increasing competition in the IT service market due to the growing demand from banks and financial institutions[7]. - There is a risk of rising labor costs as the company expands its workforce and faces increased competition for talent[7]. - The company is facing risks related to rising labor costs and increasing accounts receivable, which it plans to address through improved management and cost control measures[172][173]. - The company will enhance its efforts in accounts receivable management to reduce risks associated with increasing receivables and changing aging structures[173]. Research and Development - The company has initiated the construction of a research and development center in Suzhou, contributing to its ongoing innovation efforts[63]. - Research and development expenses amounted to CNY 131,071,057.37, which is 12.62% of the operating revenue for 2020[124]. - The number of R&D personnel increased to 651, representing 12.36% of the total workforce[124]. - The capitalized R&D expenses for the year were CNY 34,559,092.17, accounting for 26.37% of total R&D expenditures[124]. - The company plans to increase investment in innovation and research and development, focusing on the promotion of domestic databases and expanding into North America and Southeast Asia[171]. Asset Management - Accounts receivable are gradually increasing, with a changing aging structure, which may impact asset quality and operational performance[8]. - The company's fixed assets increased by 358.66% compared to the beginning of the period, primarily due to the delivery of properties purchased by its subsidiary Shenzhen Jinxin[60]. - Intangible assets grew by 70.43% year-over-year, mainly due to the merger with Shenzhen Ningze Financial and the capitalization of internal R&D expenditures[60]. - Cash and cash equivalents increased by 67.6% compared to the beginning of the period, primarily due to the increase in funds raised from a private placement[63]. - Inventory rose by 72.35% compared to the beginning of the period, driven by an increase in orders on hand[63]. - The company has restricted cash of 4,416,550.00 RMB due to performance guarantees[141]. - Accounts receivable totaled 101,830,077.44 RMB, with some amounts pledged or factored[143]. - Intangible assets amounted to 59,428,653.00 RMB, also subject to pledges[143]. Certifications and Standards - The company maintains high standards with certifications such as CMMI5, ISO27001, and ISO9001, ensuring strict control over project management and quality[71]. - The "GOLDILOCKS distributed database" received authoritative certification, achieving a self-research rate of 98.3% in source code, and passed the high-end distributed transaction database capability evaluation[75]. Financial Position and Investments - The company reported an investment income loss of approximately ¥1.15 million, which accounted for -1.99% of total profit[132]. - The company reported a total of 51,126.44 million RMB in raised funds, with 10,154.56 million RMB utilized during the reporting period[144]. - As of December 31, 2020, the company had a remaining balance of 3,167.21 million RMB in raised funds, including interest income[148]. - The company completed the construction of the new generation Internet banking system project with a total investment of 4,965.6 million RMB, achieving 99.31% of the planned investment[150]. - The new generation core banking system project was fully completed with a total investment of 3,525.65 million RMB, exceeding the planned investment by 0.73%[150]. - The company has committed to invest a total of 51,126.44 million CNY in various projects, with 10,092.27 million CNY already utilized and 29,003.44 million CNY remaining[154]. - The "New Generation Mobile Payment System Construction Project" has a remaining balance of 62.29 million CNY, which will be used for permanent working capital[159].