Koal(SH:603232)2024-04-26 12:32Dividend Distribution - The company plans to distribute a cash dividend of 0.6 yuan per 10 shares, totaling approximately 13.88 million yuan (including tax) based on the current total share capital of 233,314,695 shares[6]. - The total cash dividend, including the share repurchase amounting to 12.25 million yuan, will be approximately 26.12 million yuan (including tax), representing 70.67% of the net profit attributable to shareholders for the year[7]. - The company has not experienced any changes in its total share capital that would affect the dividend distribution ratio[7]. - The total cash dividend amount for the fiscal year 2023 is RMB 13,877,999.70, which represents 37.54% of the net profit attributable to ordinary shareholders in the consolidated financial statements[160]. - The total dividend amount, including cash and share repurchase, is RMB 26,124,599.70, accounting for 70.67% of the net profit attributable to ordinary shareholders[160]. - The company did not distribute cash dividends for the fiscal year 2022 due to not achieving profitability, as per the provisions in the Articles of Association[156]. Financial Performance - In 2023, the company achieved operating revenue of CNY 561,345,658.19, a decrease of 14.89% compared to 2022[24]. - The net profit attributable to shareholders of the listed company was CNY 36,965,710.77, a significant recovery from a loss of CNY 8,712,532.61 in 2022[24]. - The company reported a basic earnings per share of CNY 0.16, compared to a loss of CNY 0.04 per share in 2022[25]. - The total assets decreased by 4.91% year-on-year, amounting to CNY 1,660,533,683.73 at the end of 2023[24]. - The company’s net assets attributable to shareholders increased by 1.97% to CNY 1,401,105,488.29 at the end of 2023[24]. - The company reported a significant increase in sales expenses, which rose by 29.88% to CNY 83,338,019.27, while management expenses decreased by 22.86% to CNY 113,513,454.39[85]. - The company achieved operating revenue of 56,134.57 million RMB, a decrease of 14.89% compared to the same period last year[71]. - The total profit reached 4,293.59 million RMB, an increase of 5,737.23 million RMB year-on-year[71]. - The net profit attributable to shareholders was 3,696.57 million RMB, an increase of 4,567.82 million RMB compared to the previous year[71]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company is committed to compliance with legal regulations and will enhance its risk management framework to ensure stable operations[108]. - The company received multiple warning letters from the Shanghai Securities Regulatory Commission on May 17, 2023, regarding compliance issues[141]. - The company has been proactive in addressing compliance issues as evidenced by the warning letters received from regulatory authorities[141]. Research and Development - The company is actively researching in areas such as post-quantum cryptography, communication encryption, IoT security, and data security[34]. - The company has established a joint research center with Fudan University to accelerate the development of post-quantum algorithms, enhancing its technological capabilities[35]. - Research and development expenses amounted to CNY 85,115,526.79, down 6.85% from CNY 91,376,964.63 in the previous year[85]. - The company is investing in quantum security technology and privacy computing to maintain a competitive edge in future data security challenges[102]. - The company is focusing on new application scenarios in IoT, providing security solutions for emerging fields such as low-altitude economy and satellite communication[102]. Market Expansion and Strategy - The company has established a marketing network with 10 industry departments and 20 marketing service institutions across provinces, certifying 1,270 gold and silver partners, achieving city-level coverage nationwide[36]. - The company has deepened its market expansion by collaborating with multiple ministries in the government sector and financial institutions like China Merchants Bank and Ping An Bank, enhancing its password application and service platform[37]. - The company aims to enhance core technologies and integrate them with industry to support the development of new productive forces[34]. - The company is exploring potential acquisitions to enhance its product offerings, with a target of completing at least one acquisition by mid-2024[132]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[181]. Governance and Management - The company has a board of directors consisting of 9 members, including 3 independent directors with legal and financial expertise, enhancing governance quality[117]. - The company maintains independent operations in personnel, assets, business, and finance, ensuring no interference from the actual controller[120]. - The company has established a robust investor relations management system, utilizing various communication channels to engage with investors[118]. - The company has a complete business system with independent production and sales capabilities, free from reliance on the controlling shareholder[121]. - The company has a long-standing leadership with Mr. Kong Lingang serving as chairman and executive director since July 1993[135]. Employee and Compensation - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 8.077 million yuan[138]. - The company has implemented a salary system based on annual operational and management goals, linking employee income to the company's performance[154]. - The company emphasizes a performance culture and plans to introduce more diverse incentive mechanisms while controlling overall labor costs[154]. - The company has a training plan that aligns future human resource needs with employees' career development[155]. Environmental and Social Responsibility - The company disclosed its 2023 Environmental, Social, and Governance (ESG) report, highlighting its commitment to social responsibility and sustainable development[174]. - The company has taken measures to reduce carbon emissions, although specific metrics on the reduction of CO2 equivalent emissions were not disclosed[173]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, as its operations primarily involve software development and do not contribute to pollution[172].