SUNYARD(600571)2016-03-04 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,076,359,509.36, a decrease of 2.22% compared to CNY 1,100,834,593.53 in 2014[25]. - Net profit attributable to shareholders for 2015 was CNY 121,038,534.32, representing a growth of 9.14% from CNY 110,905,332.44 in 2014[25]. - The net profit after deducting non-recurring gains and losses was CNY 89,220,625.72, an increase of 18.76% compared to CNY 75,129,316.69 in 2014[25]. - The net cash flow from operating activities decreased by 64.44% to CNY 88,329,190.14 from CNY 248,425,424.53 in 2014[25]. - Total assets at the end of 2015 reached CNY 1,579,434,554.03, an increase of 28.84% from CNY 1,225,889,788.46 in 2014[25]. - The net assets attributable to shareholders increased by 52.84% to CNY 1,061,155,806.42 from CNY 694,270,619.66 in 2014[25]. - Basic earnings per share for 2015 were CNY 0.59, up 7.27% from CNY 0.55 in 2014[26]. - The diluted earnings per share for 2015 increased by 7.27% to CNY 0.59 compared to CNY 0.55 in 2014[27]. - The company's weighted average return on equity decreased to 15.23% in 2015 from 16.96% in 2014, a decline of 1.73 percentage points[27]. - The total operating income for Q4 2015 reached CNY 357,158,584.63, up from CNY 326,775,234.17 in Q3 2015[28]. - The company reported a net cash flow from operating activities of CNY 288,495,406.49 in Q4 2015, a significant recovery from negative cash flows in the earlier quarters[28]. Investment and Capital Management - The company plans to increase its capital reserve by converting 10 shares for every 10 shares held, with no stock dividends issued[4]. - The company aims to align its capital management framework with international standards as part of its strategic initiatives[24]. - The company completed the acquisition of 75% equity in Kexiang Information, with the transaction approved by the China Securities Regulatory Commission on July 24, 2015[59]. - The company’s capital reserve increased by 208.30% to 389,022,882.91 due to the issuance of shares for the acquisition of Shanghai Kejiang Company[95]. - The company raised a maximum of RMB 60.34 million in matching funds, with RMB 48.332 million allocated for cash payment in the acquisition[168]. - The company has engaged in entrusted financial management, with a total of RMB 20,000,000 invested in various financial products, yielding returns between 4.20% and 8.03%[146][147]. - The total amount of entrusted financial management reached CNY 754 million, with actual recovered principal amounting to CNY 506 million and total earnings of CNY 4,172,900.86[150]. Research and Development - The company emphasizes the importance of timely technology upgrades and product development to maintain competitive advantages in the financial IT sector[7]. - The company aims to enhance its R&D capabilities and product responsiveness through increased investment in foundational technology and product development[7]. - The company's research and development expenditure totaled CNY 300,623,044.28, accounting for 27.93% of operating revenue[89]. - The company recognizes the risk of industry technology upgrades and plans to increase investment in foundational technology and product R&D to maintain competitive advantages[124]. Market Position and Strategy - The company has a strong market position in providing IT products and services for banks, securities, insurance, and internet finance enterprises[38]. - The company is focused on enhancing risk management capabilities through the development of internal rating systems[24]. - The company aims to innovate in mobile finance, internet finance, supply chain finance, and big data mining in the future[39]. - The company is focused on improving customer satisfaction and relationships by responding quickly to changing customer needs[7]. - The company aims to explore new business directions in internet finance IT products and asset management, seeking opportunities in non-bank financial and internet finance sectors[76]. - The company aims to enhance its marketing efforts by accelerating the advancement of key clients and projects, ensuring high bid and completion rates[122]. - The company emphasizes long-term strategic partnerships with influential clients to leverage their market presence for business expansion[45]. Risk Management - The company acknowledges risks from market competition and plans to strengthen product development to maintain a competitive edge[7]. - The company is addressing the risk of rising human resource costs by improving HR management while ensuring employee satisfaction[7]. - The company is aware of market competition risks and intends to strengthen product development to enhance service value and customer satisfaction[125]. - The company faces rising human resource costs and aims to improve HR management while controlling costs to adapt to business growth[126]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company has no significant litigation or arbitration matters during the reporting period[140]. - The company has established a governance structure that includes a board of directors and supervisory committee to oversee management activities[200]. - The company has appointed Tianjian Accounting Firm as the auditor for the fiscal year 2015, with an audit fee of RMB 70,000[139]. Shareholder Information - The profit distribution plan for 2015 includes a cash dividend of 1.7 RMB per 10 shares, totaling 37,372,733.53 RMB[4]. - The company has established a three-year shareholder dividend return plan for 2015-2017 to ensure a stable and scientific dividend decision-making process[129]. - The actual net profit of Kexiang Information in 2015 was 34.15 million RMB, exceeding the forecasted net profit of 31.9864 million RMB by 2.1636 million RMB[135]. - The company completed the issuance of 17,419,829 shares, increasing the total share capital from 202,419,780 to 219,839,609 shares[159]. - The shareholding structure shows that 92.08% of shares are unrestricted, while 7.92% are subject to restrictions[158]. - The largest shareholder, Hangzhou Xinyada Electronics Co., Ltd., holds 43,053,003 shares, representing 19.58% of the total shares[174]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on providing IT products and services to traditional and internet finance clients[152]. - The company maintains a focus on sustainable development, balancing shareholder value creation with social contributions[152].