EASTMONEY(SZ:300059)2017-03-05 16:00Financial Performance - Total revenue for 2016 was CNY 2,351,818,010.17, a decrease of 19.62% compared to 2015[17] - Net profit attributable to shareholders was CNY 713,768,803.87, down 61.39% from the previous year[17] - Net profit excluding non-recurring gains and losses was CNY 595,123,299.84, a decline of 66.86% year-over-year[17] - The net cash flow from operating activities was negative CNY 4,227,943,122.11, a significant drop of 872.41% compared to 2015[17] - Basic earnings per share decreased by 65.99% to CNY 0.2059[17] - Total operating revenue for the year 2016 was ¥2,351,818,010.17, representing a decrease of 19.62% compared to the previous year[40] - The net profit attributable to shareholders for 2016 was ¥713,768,803.87, a decline of 61.39% year-on-year[40] - The revenue from the securities business increased significantly by 915.11%, amounting to ¥1,148,766,712.75, compared to only ¥113,166,687.13 in 2015[44] - The financial e-commerce service revenue dropped by 64.35%, totaling ¥870,649,230.27, down from ¥2,442,371,516.30 in 2015[44] - The company’s financial data service revenue decreased by 11.75%, amounting to ¥219,774,979.87[44] Assets and Liabilities - Total assets increased by 13.70% to CNY 26,985,870,291.59 at the end of 2016[17] - Net assets attributable to shareholders rose by 56.99% to CNY 12,825,034,735.22[17] - The company's total assets included ¥9,694,128,963.32 in cash, which decreased by 15.69% from the previous year[61] - The company reported a total debt of RMB 21,277,026.00 related to arbitration matters, which it will compensate within 10 working days upon notification[112] Cash Flow and Investments - Operating cash inflow totaled ¥4,448,484,010.32, a 37.59% increase year-on-year, while cash outflow surged by 223.05% to ¥8,676,427,132.43[56] - The net increase in cash and cash equivalents was -¥1,938,669,817.42, reflecting a 120.05% decline year-on-year[56] - The company invested a total of ¥1,310,572,730.98 in office buildings and parking spaces, fully funded by its own resources, achieving 100% project completion[66] - The company reported a total investment in financial assets of ¥1,214,959,260.10, with a loss of ¥45,999,007.11 during the reporting period[68] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, with no bonus shares issued[5] - The proposed cash dividend of RMB 0.40 per 10 shares totals RMB 142,332,851.96, which represents 19.94% of the net profit attributable to shareholders for the year 2016[109] - The total distributable profit for the year was RMB 2,174,759,588.07, with cash dividends accounting for 100% of the profit distribution[107] - The company has consistently maintained a cash dividend policy, with a minimum cash dividend ratio of 20% during significant capital expenditures[105] Business Strategy and Development - The company is focusing on risk management and future development strategies as outlined in the report[5] - The company has strengthened its financial data service business, enhancing its vast financial database and improving user experience, which contributed to an increase in user scale and market share[26] - The company has integrated its securities business, leading to an increase in market share and overall strength in the sector[26] - The company is focused on building a one-stop internet financial service ecosystem, emphasizing user experience and data sharing[82] Market Position and Competition - The company’s internet financial service platform has maintained the highest user traffic and engagement in the vertical finance field, solidifying its market position[33] - The company’s brand recognition and advertising media value have improved, enhancing its competitive advantage in the market[33] - The company recognizes the increasing competition in the internet financial services industry and aims to strengthen its core competitive advantages[97] Research and Development - The company has focused on research and development for its financial terminal products, aiming to innovate and upgrade its offerings[26] - Research and development (R&D) investment reached ¥178,402,759.84, which is 7.59% of total operating revenue, up from 5.09% in the previous year[54] Corporate Governance and Compliance - The company has ensured that minority shareholders have had ample opportunity to express their opinions and that their legal rights have been fully protected[103] - The company’s cash dividend policy is compliant with its articles of association and shareholder resolutions[103] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no interference in decision-making[193] Employee and Management Information - The total number of employees in the company is 3,952, with 1,755 in the parent company and 2,197 in major subsidiaries[182] - The company has established a comprehensive salary management system based on national laws and market salary levels, ensuring clear salary standards for each position and level[184] - The total pre-tax remuneration for directors and senior management during the reporting period amounts to 587.26 million yuan[179] Social Responsibility - The company engaged in poverty alleviation efforts, donating 500,000 yuan to support various initiatives in impoverished counties[144] - The company provided 90,000 yuan in scholarships to assist 30 students from low-income families[145] - The company made social contributions totaling 2,000,000 yuan in various forms, including cash and services[146]