TANSUN(SZ:300872)2024-04-21 07:52Financial Performance - The company's operating revenue for 2023 was CNY 1,935,801,730, a decrease of 2.01% compared to CNY 1,975,441,655 in 2022[18]. - Net profit attributable to shareholders for 2023 was CNY 116,728,781.98, representing a significant increase of 91.94% from CNY 60,741,347.45 in 2022[18]. - The net profit after deducting non-recurring gains and losses was CNY 63,942,346.47, up 286.76% from CNY 16,457,659.28 in 2022[18]. - The net cash flow from operating activities reached CNY 406,294,866.95, a substantial increase of 286.85% compared to CNY 217,444,308.86 in 2022[18]. - Basic and diluted earnings per share for 2023 were both CNY 0.29, reflecting a 93.33% increase from CNY 0.15 in 2022[18]. - Total assets at the end of 2023 were CNY 4,037,096,680, marking a 27.83% increase from CNY 3,157,392,420 at the end of 2022[19]. - Net assets attributable to shareholders increased by 13.91% to CNY 2,593,605,840 at the end of 2023, compared to CNY 2,276,876,119 at the end of 2022[19]. - The company reported a total of CNY 52,786,435.51 in non-recurring gains for 2023, compared to CNY 44,283,688.17 in 2022[27]. Dividend and Profit Distribution - The company reported a cash dividend of 0.5 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[3]. - The total distributable profit for the year is 412,860,647.86 yuan, indicating a strong profitability position[176]. - The company plans to distribute a cash dividend of 0.5 yuan per 10 shares (including tax), with a total cash dividend amounting to 20,004,134.90 yuan, which represents 100% of the total profit distribution[176][178]. Risks and Challenges - The company faces various risks including market competition, technology and product development quality risks, and potential impairment of goodwill[3]. - The company’s future development outlook includes potential risks and challenges as detailed in the management discussion section[3]. - The company may experience risks related to the loss of core technical and management personnel, which could impact its operational capabilities[124]. - The company is at risk of significant declines in operating performance due to potential goodwill impairment if future economic conditions or market environments change adversely[125]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[3]. - The company has established a complete and independent business system, ensuring no competition or unfair transactions with controlling shareholders[133]. - The company has been actively improving its corporate governance structure in compliance with relevant laws and regulations[132]. - The company is focused on maintaining a stable governance structure with regular elections for board members[142]. - The company has established an independent financial accounting system, allowing for autonomous financial decision-making[135]. Research and Development - In 2023, the company's R&D investment reached 327.53 million yuan, an increase of 55.003 million yuan, representing a year-on-year growth of 20.18%, accounting for 16.92% of operating revenue[49]. - The company applied for 3 technology patents and 2 software copyrights in 2023, focusing on data security and dynamic data desensitization methods[50]. - The company has maintained significant R&D investment in credit products, resulting in two major upgrades, with the Tianyuan platform expected to reduce implementation costs by approximately 10% for future projects[51]. - The company is committed to continuous R&D investment to enhance its technological capabilities and maintain competitiveness in the fintech industry[123]. Market Position and Strategy - The company is positioned in the "software and information technology services" industry, which is encouraged by national policies for development[30]. - The company aims to become the most valuable financial technology leader through its "Tianyang Technology 3.0" strategy, focusing on business value creation[35]. - The company has successfully implemented its data platform products in over 100 client projects, including significant projects for state-owned banks[38]. - The company is focusing on expanding its market share by providing valuable reporting management solutions to clients[79]. Employee and Management - The total number of employees at the end of the reporting period is 8,484, with 8,059 from the parent company and 425 from major subsidiaries[169]. - The company has a total of 7 board members, including 3 independent directors, with a term of three years for each[142]. - The company has established a comprehensive employee compensation and benefits system to attract and retain talent[171]. - The company has a structured approach to governance and oversight through its supervisory board and compensation committee[158]. Community and Social Responsibility - The company donated RMB 241,500 for a water project in Guokecun to address water pollution issues, with completion expected in 2024[198]. - The company contributed RMB 30,000 to disaster relief efforts in response to severe flooding in Beijing's suburban areas[198]. - The company has launched a total of 9 public welfare projects since 2020, focusing on social responsibility and community support[198]. Financial Management - The company has not reported any significant changes in its financial management or operational strategies during the reporting period[140]. - The company is focused on ensuring the effective use of raised funds in accordance with shareholder resolutions and board approvals[112]. - The company has a clear and compliant profit distribution policy, ensuring that minority shareholders have opportunities to express their opinions and protect their rights[176].