BYBON(SZ:300736)2020-04-27 16:00Financial Performance - The company's operating revenue for 2019 was ¥353,384,194.29, a decrease of 43.96% compared to ¥630,556,651.24 in 2018[18]. - The net profit attributable to shareholders was a loss of ¥92,950,034.98, representing a decline of 443.89% from a profit of ¥27,028,850.55 in the previous year[18]. - The net cash flow from operating activities was negative at ¥52,761,828.96, a decrease of 204.73% compared to a positive cash flow of ¥50,381,172.15 in 2018[18]. - The total assets at the end of 2019 were ¥347,043,957.37, down 26.38% from ¥471,418,956.15 at the end of 2018[18]. - The net assets attributable to shareholders decreased by 32.76% to ¥271,019,047.10 from ¥403,071,971.49 in 2018[18]. - The basic and diluted earnings per share were both -¥0.72, a decline of 442.86% from ¥0.21 in 2018[18]. - The weighted average return on equity was -28.04%, a decrease of 34.99% from 6.95% in the previous year[18]. - The gross profit margin for 2019 was 13.25%, down 10.03% from the previous year[63]. - The mobile repair service revenue was CNY 174.77 million, representing a decline of 38.69% from the previous year[60]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[4]. - The total cash dividend amount for 2019, including other methods, was ¥15,011,252.00, which accounted for 100% of the profit distribution total[110]. - The company did not distribute cash dividends or bonus shares for the 2019 fiscal year, and no capital reserve was converted into share capital[112]. - The cash dividend for 2018 was ¥24,492,195.00, representing 90.62% of the net profit attributable to shareholders[113]. - The cash dividend for 2017 was ¥36,929,916.00, which accounted for 93.17% of the net profit attributable to shareholders[113]. - The company has a clear profit distribution policy in place, ensuring reasonable returns for shareholders[109]. - The company’s cash dividend policy remained unchanged during the reporting period[109]. - The company’s available profit for distribution to shareholders as of December 31, 2019, was -¥20,844,908.97[111]. - The company’s board of directors decided not to distribute cash dividends for the 2019 fiscal year based on future funding needs[111]. Operational Strategy - The company has outlined potential risk factors and countermeasures in its annual report[4]. - The company reported a significant decline in net profit and revenue, indicating challenges in its business operations[18]. - The company has launched O2O on-site repair services in 62 cities, expanding its service offerings to meet online consumer demand[27]. - The company has increased investments in new device sales, second-hand mobile business, and trade-in services to adapt to market changes[40]. - The company has established long-term partnerships with major mobile brands, including Apple and Huawei, positioning itself as a leading service provider in the industry[26]. - The company aims to enhance the efficiency of fund usage by reallocating investments to more viable projects[83]. - The company is focusing on improving its operational efficiency and adapting to market changes through strategic project adjustments[83]. - The company will continue to focus on the electronic commerce and product sales business, which has broad market prospects, emphasizing channel construction and product development in 2020[101]. Investment and Financing - The company raised a total of ¥209.72 million through its initial public offering in 2018, with ¥112.48 million utilized by the end of 2019, leaving ¥97.24 million unutilized[82]. - The company has committed a total investment of 20,971.92 million CNY for various projects, with a cumulative investment of 11,247.71 million CNY, achieving 53.6% of the planned investment[83]. - The company has permanently supplemented its working capital with 9,032.31 million CNY, achieving 57.28% of the planned investment[83]. - The company has applied for a comprehensive credit limit of RMB 30 million from China Minsheng Bank, with the chairman providing a guarantee without any fees[147]. - The company also applied for a comprehensive credit limit of RMB 30 million from China Merchants Bank and RMB 10 million from Beijing Bank, with the chairman again providing a guarantee without fees[147]. Shareholder Commitments - The company has committed to not transferring or entrusting its shares for 36 months from April 1, 2015, and for 12 months from the date of listing[116]. - The lock-up period for shares will automatically extend by six months if the closing price is below the issue price for 20 consecutive trading days within six months post-listing[116]. - The company has fulfilled its commitments regarding share transfer restrictions as of January 9, 2019[116]. - The company will not repurchase its shares during the specified lock-up periods[116]. - The company has established a commitment to stabilize its stock price for three years post-IPO[118]. Risk Factors - The company anticipates risks from economic downturns and operational restrictions due to the COVID-19 pandemic, which could significantly impact revenue and increase operational pressure[103]. - The company has outlined specific conditions under which the lock-up period may be extended[116]. Human Resources and Training - The company trained 521 mobile repair engineers during the reporting period, enhancing its technical capabilities[44]. - The company is a member of the national skill standard setting group for information communication network terminal maintenance workers[158]. Governance and Compliance - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[120]. - The board of directors stated that there were no non-standard audit reports for the reporting period[121]. - The company has included a new subsidiary, Xiaochang Baihua Yuebang Electronic Technology Co., Ltd., in the consolidated financial statements for the current year[131]. - The company has appointed Deloitte Huayong Certified Public Accountants as the annual audit firm for 2019, with an audit fee of 2.15 million yuan[132].