NORTHKING TECH(SZ:002987)2024-04-12 16:00Profit Distribution and Financial Performance - The profit distribution plan approved by the board is to distribute a cash dividend of 1.70 RMB (including tax) for every 10 shares based on a total of 441,277,573 shares, with no bonus shares issued[4]. - The company's operating revenue for 2023 reached ¥4,242,011,130.87, representing a 15.48% increase compared to ¥3,673,284,013.26 in 2022[20]. - Net profit attributable to shareholders was ¥347,627,140.82, a 25.44% increase from ¥277,038,160.95 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥328,763,099.69, reflecting a 30.42% increase from ¥251,996,956.54 in 2022[20]. - The basic earnings per share rose to ¥0.79, up 25.40% from ¥0.63 in 2022[20]. - The total assets increased by 13.52% to ¥3,072,875,390.74 from ¥2,701,143,401.96 in 2022[20]. - The company's net cash flow from operating activities was ¥131,025,530.94, a slight decrease of 2.83% compared to ¥134,846,222.42 in 2022[20]. - The net assets attributable to shareholders increased by 14.52% to ¥2,546,110,980.81 from ¥2,223,064,152.00 in 2022[21]. - The company reported a total of ¥18,864,041.13 in non-recurring gains for 2023, down from ¥25,041,204.41 in 2022[27]. - The total distributable profit for the period was CNY 1,191,381,198.90, with cash dividends accounting for 100% of the profit distribution[152]. Business Operations and Market Position - The company has not reported any changes in its main business since its listing, indicating stability in its operations[18]. - The company has a total of six wholly-owned subsidiaries, which may contribute to its operational diversity and market reach[11]. - The company is positioned in the software and information technology services industry, benefiting from strong policy support for digital transformation in the financial sector[31]. - The company is listed on the Shenzhen Stock Exchange, which provides it with access to capital markets for growth and expansion[15]. - The company added 49 new corporate clients in 2023, including 14 small and medium-sized banks and 23 non-bank financial institutions[38]. - Revenue from the banking sector accounted for 87.28% of total revenue, with income from large state-owned and national joint-stock commercial banks growing by 15.49% to CNY 3.27 billion, making up 77.10% of total revenue[50]. - The company’s revenue from the North China region was CNY 1.97 billion, accounting for 46.51% of total revenue, with a year-on-year growth of 12.62%[57]. Research and Development - The company invested CNY 394 million in R&D in 2023, marking a 13.71% increase compared to the previous year[51]. - The company established the Jingbeifang Research Institute in early 2023 to enhance research capabilities in advanced technologies such as AI and blockchain[44]. - The company holds 30 patents and 221 software copyrights as of the end of 2023, with 3 new patents and 38 software copyrights added during the year[44]. - The company is developing a cloud testing management platform, currently in the development stage, aimed at enhancing testing lifecycle management and providing new testing service experiences[70]. - The company aims to enhance its R&D investment in areas such as big data, artificial intelligence, blockchain, and privacy computing to support product optimization and iteration[106]. Governance and Management - The company has established a robust governance structure, ensuring compliance with legal and regulatory requirements while protecting shareholder interests[116]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business operations, ensuring a complete business system[117]. - The company has a complete and independent financial accounting system, allowing for autonomous financial decision-making and compliance with tax obligations[118]. - The company has established a performance management system that includes operational performance indicators and management indicators for evaluating senior management[136]. - The company has a compensation management system that links performance pay to assessment results, ensuring internal fairness and motivating employees[148]. Strategic Plans and Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[121]. - The company aims to strengthen its core competitiveness by focusing on product incubation and standardization in response to policy opportunities and technological advancements[44]. - The company is actively pursuing mergers and acquisitions as part of its growth strategy, with ongoing evaluations of potential targets[122]. - The company plans to enhance its R&D investment in areas such as big data, artificial intelligence, blockchain, and privacy computing to support product optimization and iteration[106]. - The company is focusing on expanding its market presence in the leasing sector to address existing gaps and enhance its competitive edge[71]. Financial Management and Fund Utilization - The company has established a fundraising management plan to ensure that raised funds are stored in a designated account and regularly monitored for effective use[186]. - The company aims to accelerate the investment progress of fundraising projects to enhance profitability and achieve expected benefits as soon as possible[186]. - The company plans to improve its overall profitability by enhancing service levels and expanding brand influence[186]. - The company has committed to fulfilling all public commitments made during its initial public offering, ensuring compliance with relevant laws and regulations[188]. - The company has reported a significant impact on its stock issuance due to potential false statements or omissions in its prospectus, which could lead to a mandatory buyback of all newly issued shares[184]. Employee and Talent Management - The total number of employees at the end of the reporting period is 30,626, with 11,899 in the parent company and 18,727 in major subsidiaries[147]. - The professional composition includes 11,385 technical personnel, 140 sales personnel, and 579 administrative personnel[147]. - The company is focusing on attracting high-end talent through competitive compensation, which is expected to lead to long-term benefits despite short-term profit impacts[150]. - The company’s management team is evaluated based on their positions and operational performance, with a combination of long, medium, and short-term incentives in place[161]. - The company has no retired employees requiring financial support, indicating a focus on a younger workforce[147]. Compliance and Risk Management - The company has committed to not occupying its funds or other assets for any reason, ensuring fair and reasonable commercial transactions in related party dealings[182]. - The company has not occupied any funds or assets of the company in the past three years for any reason[181]. - The company has established a scientifically designed and effectively operating internal control system, ensuring the authenticity and completeness of financial information[163]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2023[167]. - The company emphasizes the protection of shareholder rights by ensuring fair treatment and transparent information disclosure[171].