Primeton(SH:688118)2024-04-25 13:01Financial Performance - The company reported a net profit attributable to shareholders of -15.66 million RMB for the year 2023, with undistributed profits amounting to 124.16 million RMB[5]. - The proposed cash dividend distribution is 1.00 RMB per 10 shares, totaling approximately 9.18 million RMB (including tax) based on the total share capital of 95,400,000 shares as of March 31, 2024[5]. - The company achieved operating revenue of CNY 480.53 million in 2023, representing a year-on-year increase of 12.97%[24]. - The net profit attributable to shareholders was CNY -15.66 million, a decrease of CNY 16.89 million compared to the previous year[26]. - The basic earnings per share were CNY -0.171, a decrease of 1,415.38% compared to the previous year[25]. - The weighted average return on net assets was -1.81%, a decrease of 1.95 percentage points from the previous year[25]. - The net cash flow from operating activities was CNY -68.34 million, a decrease of 6,800.52% year-on-year[24]. - Total assets at the end of 2023 were CNY 988.16 million, down 3.20% from the previous year[24]. Research and Development - Research and development expenses amounted to CNY 105.66 million, an increase of 23.29% year-on-year, reflecting a strong focus on innovation[26]. - The company has filed 25 invention patent applications and received 16 invention patent authorizations, enhancing its innovation capabilities[43]. - The company has developed over 40 key core technologies with independent intellectual property rights, including 47 authorized invention patents and 284 software copyrights[68]. - The number of R&D personnel increased to 316, representing 20.60% of the total workforce, up from 16.74% in the previous period[84]. - Total compensation for R&D personnel reached ¥90,022,694.05, with an average salary of ¥316,424.23, compared to ¥73,868,984.46 and ¥300,891.99 in the prior period[84]. Market Strategy and Expansion - The company plans to continue expanding its market presence and investing in innovative technologies such as intelligent data platforms and low-code platforms[26]. - The company is focusing on high-quality development and expanding its market presence in key industries such as finance, telecommunications, and energy[36]. - The company aims to enhance its comprehensive competitiveness and long-term profitability through core technology research and market expansion initiatives[38]. - The company is actively adapting to the digital economy, focusing on data as a key element for market opportunities[64]. - The company is exploring international markets, with plans to enter two new countries by the end of the fiscal year[139]. Corporate Governance - The company has established a compliance and internal control framework to enhance governance structure and ensure compliance with relevant laws and regulations[130]. - The board of directors and various committees have effectively supported governance and management, ensuring the protection of minority shareholders' interests[130]. - The company has implemented internal control systems, ensuring effective governance and compliance in financial and non-financial reporting[174]. - The company has established a clear plan for managing shareholdings and potential reductions in accordance with market conditions and personal financial needs[199]. Shareholder and Management Changes - The total number of shares held by directors, supervisors, and senior management decreased by 3,873,381 shares during the reporting period, from 31,764,391 shares at the beginning to 27,891,010 shares at the end[137]. - Liu Yadong, the Chairman, reduced his holdings by 1,828,993 shares, ending with 20,942,809 shares, representing a decrease of approximately 8%[135]. - The total pre-tax remuneration for Liu Yadong was 49.56 million yuan, while the total for the General Manager, Jianwei, was 52.08 million yuan[135]. - The company has seen a consistent trend of share reduction among its senior management, indicating potential strategic shifts or personal financial decisions[135]. Social Responsibility and Environmental Impact - The company has invested 28 million yuan in charitable activities during the reporting period, contributing to various social responsibility initiatives[182]. - The company emphasizes environmental responsibility, advocating for energy conservation and low-carbon practices among employees[180]. - The company has not reported any significant internal control deficiencies during the reporting period[176]. - The company has not established an environmental protection mechanism or reported any environmental penalties during the reporting period[178]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion RMB[139]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative technology solutions[139]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% over the next year[139]. - The company plans to leverage technological innovations in big data, cloud computing, and artificial intelligence to drive growth in the software infrastructure sector[124].