XMGF(SZ:300770)2020-04-17 16:00Financial Performance - The company's operating revenue for 2019 was approximately ¥995.99 million, representing a 54.86% increase compared to ¥643.16 million in 2018[24]. - The net profit attributable to shareholders for 2019 was approximately ¥395.68 million, a 92.83% increase from ¥205.20 million in 2018[24]. - The net cash flow from operating activities for 2019 was approximately ¥462.25 million, up 87.62% from ¥246.38 million in 2018[24]. - Basic earnings per share for 2019 were ¥3.36, reflecting a 57.75% increase from ¥2.13 in 2018[24]. - Total assets at the end of 2019 reached approximately ¥2.71 billion, a 158.33% increase from ¥1.05 billion at the end of 2018[24]. - The net assets attributable to shareholders at the end of 2019 were approximately ¥2.18 billion, a 206.96% increase from ¥711.48 million at the end of 2018[24]. - The company reported a weighted average return on equity of 24.32% for 2019, down from 32.37% in 2018[24]. - The fourth quarter of 2019 saw a net profit attributable to shareholders of approximately ¥118.62 million, an increase from ¥106.12 million in the third quarter[27]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥9 per 10 shares, with a capital reserve conversion of 8 shares for every 10 shares held[7]. - The cash dividend amount for 2019 represents 29.20% of the net profit attributable to shareholders of the listed company, which is RMB 395,682,794.75[127]. - The company has maintained a consistent cash dividend policy over the past three years, with a significant increase in the cash dividend in 2019 compared to previous years[127]. - The company plans to distribute a cash dividend of RMB 9 per 10 shares (including tax), totaling RMB 115,529,073.30 (including tax) for the year 2019[126]. - The retained earnings available for distribution as of December 31, 2019, amount to RMB 626,943,147.73[127]. - The company aims to optimize its capital structure and enhance stock liquidity to better reward shareholders and ensure sustainable development[126]. Revenue Sources and Business Segments - The company serves approximately 260 million IPTV users nationwide, excluding Guangdong, through its provincial and national network services[40]. - The internet television business is identified as a key growth area, with revenue generated from user payments and advertising partnerships[41]. - The company reported a significant increase in other current assets by 3,975.54% to 110,552,800 CNY, attributed to the rise in structured deposits[44]. - The company's operating income from the information dissemination industry was 980,201,814.03 CNY, accounting for 98.41% of total revenue[62]. - The company’s internet TV products had over 130 million effective users, with significant contributions from partnerships with Tencent and Bilibili[57]. - The company’s national dedicated network business accounted for 83.14% of total revenue in 2019, indicating a significant reliance on this segment for income[117]. Investments and Assets - The company's fixed assets increased by 35.77% to 112,398,800 CNY, primarily due to investments in the integrated cloud platform[44]. - Intangible assets surged by 308.03% to 256,499,100 CNY, mainly from the acquisition of channel copyrights[44]. - Cash and cash equivalents rose by 198.07% to 1,821,919,300 CNY, largely due to funds raised from stock issuance[44]. - The total amount of funds raised in 2019 was RMB 1,161,057,000, with a net amount of RMB 1,075,531,770 after deducting issuance costs of RMB 85,525,229[97]. - The company has committed to invest RMB 42,410.18 million in the all-media integration cloud platform construction project, with 24.14% of the investment completed by the end of the reporting period[98]. Research and Development - Research and development expenses increased by 30.11% to ¥46,699,552.92, reflecting the company's focus on technological innovation[76]. - The number of R&D personnel rose to 67, representing 19.31% of the total workforce[78]. - The R&D investment for 2019 was ¥46,699,552.92, which is 4.69% of the total revenue[78]. Risk Management and Compliance - The company is committed to strengthening its relationships with industry regulators to mitigate risks associated with policy changes and industry regulations[113]. - The company recognizes the risk of concentrated revenue sources and is working to diversify its income streams by enhancing services in the national market[117]. - The company faces management risks due to the expansion of its asset and business scale, which requires improved management practices[118]. - The company is at risk of changes in tax policies affecting its tax exemption status, which could impact future earnings[119]. Shareholding and Stock Management - The company plans to reduce its shareholding through centralized bidding transactions, with a maximum reduction of 1% of the total shares within any continuous 90-day period[137]. - If the company reduces its shareholding through block trading, the total number of shares reduced in any continuous 90-day period shall not exceed 2% of the total shares[146]. - The company commits to strict adherence to share reduction promises, with any unfulfilled commitments resulting in the proceeds being returned to the issuer[149]. - The company will implement stock price stabilization measures if the stock price falls below 120% of the net asset value per share for five consecutive trading days[179]. - The company will propose profit distribution or capital reserve transfer to stabilize stock prices before considering share repurchase[181]. Corporate Governance - The company has established internal control systems to manage related party transactions and ensure compliance with legal procedures[175]. - The company will disclose information regarding related party transactions in a timely manner to protect the interests of shareholders[175]. - The profit distribution plan requires approval from more than 50% of voting rights at the shareholders' meeting, with stock dividends needing a two-thirds majority[166].