CHASE(SZ:300941)2024-04-25 11:23Financial Performance - The company's operating revenue for 2023 was ¥261,245,408, a decrease of 33.89% compared to ¥395,155,274 in 2022[23]. - The net profit attributable to shareholders for 2023 was ¥81,266,203.4, down 26.47% from ¥110,515,534 in 2022[23]. - The net cash flow from operating activities for 2023 was -¥880,148, a decline of 100.98% compared to ¥90,259,698.1 in 2022[23]. - Basic and diluted earnings per share for 2023 were both ¥0.40, representing a decrease of 25.93% from ¥0.54 in 2022[23]. - Total assets at the end of 2023 were ¥1,385,964,530, a decrease of 1.13% from ¥1,401,843,330 at the end of 2022[23]. - The net assets attributable to shareholders at the end of 2023 were ¥1,276,556,140, an increase of 1.32% from ¥1,259,978,450 at the end of 2022[23]. - The company reported a significant decline in quarterly revenue, with Q4 2023 revenue reaching ¥121,848,315.22, while Q1, Q2, and Q3 revenues were ¥50,768,368.74, ¥49,885,125.50, and ¥38,743,598.99 respectively[26]. - The total amount of non-recurring gains and losses for 2023 was ¥2,876,350.22, down from ¥9,087,511.59 in 2022[30]. - The company achieved operating revenue of 261.25 million yuan, a decrease of 33.89% compared to the same period last year[71]. - The net profit attributable to shareholders was 81.27 million yuan, down 26.47% year-on-year[71]. - The cash flow from operating activities was -0.88 million yuan, a decline of 100.98% year-on-year[73]. Dividend Distribution - The company plans to distribute a cash dividend of 1.40 RMB per 10 shares to all shareholders, based on a total share capital of 202,958,847 shares[3]. - The proposed cash dividend for the 2023 fiscal year is RMB 28,414,238.58, with a distribution rate of RMB 1.40 per 10 shares, subject to shareholder approval[172]. - The company distributed cash dividends of RMB 34,681,214.99 (including tax) based on a total share capital of 204,750,000 shares, at a rate of RMB 1.70 per 10 shares[169]. Market Trends and Digital Economy - As of December 2023, China's internet user base reached 1.092 billion, with an internet penetration rate of 77.5%[37]. - Online retail sales in China reached ¥15.42 trillion, maintaining its position as the world's largest online retail market for 11 consecutive years[37]. - The digital economy is expected to revitalize the overall economy, with significant advancements in internet and mobile internet sectors[38]. - The digital marketing market has surpassed traditional media marketing in scale, reflecting rapid growth trends[38]. - The digital marketing market size in China increased from 275.2 billion yuan in 2016 to 548.5 billion yuan in 2022, with a cumulative growth rate of 99.3%[48]. - The projected market size for digital marketing in 2023 is expected to reach 596.2 billion yuan[48]. - The digital RMB pilot program has expanded to 17 provinces and cities, enhancing its application scenarios and transaction volumes[45]. - Digital RMB usage among internet users reached 15.3% by the end of December 2023, a year-on-year increase of 1.2 percentage points, indicating growing acceptance and application in various sectors[122]. Business Strategy and Innovation - The company is focused on integrating payment services with comprehensive financial services, enhancing value beyond traditional transaction fees[40]. - The company is actively involved in the development of new digital payment products and services, leveraging technological innovations[36]. - The company aims to enhance user engagement through a one-stop marketing and brand operation service, leveraging partnerships with leading internet platforms[74]. - The company is committed to exploring new products and solutions to capture market opportunities and increase market share[120]. - The company plans to increase R&D investment to enhance digital solutions for small and micro merchants, focusing on core systems such as ERP, payment terminals, and cloud services[121]. - The company is leveraging AI and data analytics to create customer marketing models and intelligent operations, aiming to unlock the potential of data assets[121]. - The company is focusing on developing industry-specific digital solutions in sectors like elderly care, tourism, and healthcare to deepen its market penetration[124]. Risk Management and Compliance - The report emphasizes the importance of understanding the risks associated with future operational plans and goals, highlighting the uncertainty in achieving these due to market conditions[3]. - The company has established a comprehensive governance structure, including various committees to ensure effective internal control and compliance[134]. - The internal control system has been strengthened to enhance risk management and compliance awareness[174]. - The company is committed to strict compliance with the Company Law and Securities Law in its operations[162]. Research and Development - Research and development (R&D) investment amounted to 53,688,160.35 yuan, representing 20.55% of operating revenue, an increase from 12.99% in the previous year[97]. - The number of R&D personnel increased by 8.05% to 161, with the proportion of R&D staff rising to 54.76% of the total workforce[97]. - The company launched several new products, including the "Smart Payment Platform 1.0," aimed at providing efficient payment solutions for small and medium-sized merchants[93]. - The company has completed the development of multiple new platforms, including the Smart Payment Platform and the Smart Medical Service Platform, enhancing service capabilities for various industries[94]. Customer Base and Partnerships - The company serves over 3,000 large merchants and millions of small and medium-sized merchants, including major clients like Agricultural Bank of China and Sinopec[53]. - The company's main customer, Agricultural Bank of China, contributed ¥221,584,838.03, representing 84.82% of the annual sales[89]. - To mitigate risks, the company is actively expanding its client base beyond Agricultural Bank, targeting other major banks and enhancing its payment solutions[128]. Corporate Governance and Management - The company held an annual shareholder meeting on May 18, 2023, with a participation rate of 63.88%[137]. - The first extraordinary shareholder meeting of 2023 took place on September 15, 2023, with a participation rate of 60.05%[137]. - The second extraordinary shareholder meeting of 2023 is scheduled for December 22, 2023, with a participation rate of 58.26%[137]. - The management team emphasizes a commitment to sustainability, with plans to reduce operational carbon footprint by 30% over the next five years[147]. - The current management team includes experienced professionals with backgrounds in technology and finance, such as Zhang Gengsheng, who serves as Chairman and General Manager[142]. Employee Engagement and Training - The company has established a multi-level training system to enhance employee skills and management capabilities[167]. - The total employee compensation for the reporting period was RMB 7.9606 million, accounting for 6.74% of the total company costs[166]. - The core technical personnel remain unchanged, comprising 2.04% of total employees, with their compensation representing 8.17% of total employee compensation[166]. Future Outlook - Future guidance suggests a continued upward trend in revenue, with expectations of further market expansion[140]. - The company is exploring potential mergers and acquisitions to strengthen its market position[140]. - Financial guidance for the upcoming quarter includes an expected EBITDA margin improvement of 3% due to cost optimization initiatives[149].