SUNYARD(600571)2020-04-17 16:00Financial Performance - In 2019, the company's operating revenue was approximately CNY 1.20 billion, a decrease of 1.89% compared to CNY 1.22 billion in 2018[30]. - The net profit attributable to shareholders in 2019 was CNY 59.70 million, representing a significant increase of 117.21% from CNY 27.49 million in 2018[30]. - The net cash flow from operating activities decreased by 57.65% to CNY 27.80 million in 2019, down from CNY 65.64 million in 2018[30]. - As of the end of 2019, the total assets were approximately CNY 1.51 billion, a decrease of 6.45% from CNY 1.61 billion at the end of 2018[30]. - The net assets attributable to shareholders decreased by 10.17% to CNY 946.23 million at the end of 2019, compared to CNY 1.05 billion at the end of 2018[30]. - The basic earnings per share in 2019 was CNY 0.14, an increase of 133.33% from CNY 0.06 in 2018[30]. - The weighted average return on net assets increased by 4.08 percentage points to 6.04% in 2019, compared to 1.96% in 2018[30]. - The company reported a net profit of CNY -83.44 million after deducting non-recurring gains and losses in 2019, an improvement from CNY -164.19 million in 2018[30]. - The company achieved operating revenue of CNY 1,199,737,874.80, a decrease of 1.89% compared to the previous year[68]. - The net profit attributable to shareholders was CNY 5,970.45 million, with a total profit of CNY 4,798.73 million[68]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.4 RMB per 10 shares to all shareholders for the 2019 fiscal year[6]. - The company will not issue stock dividends or increase capital through reserves for the 2019 fiscal year[6]. - In 2019, the company distributed a cash dividend of CNY 1.4 per 10 shares, amounting to CNY 61,555,090.52, with a net profit of CNY 59,704,460.92, representing 103.10% of the net profit attributable to shareholders[117]. Risk Management and Governance - The company has detailed descriptions of industry and market risks in the management discussion and analysis section[8]. - The board of directors and management guarantee the accuracy and completeness of the financial report[4]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has a comprehensive governance structure in place as outlined in the governance section[11]. - The company continues to focus on enhancing its risk management capabilities through the development of internal rating systems and other financial technologies[30]. - The company has not violated decision-making procedures for external guarantees[8]. Market and Business Strategy - The company has developed four main business segments: financial software, financial technology operations, financial hardware, and financial technology services, focusing on end-to-end solutions for financial institutions[40]. - The company aims to become a leading sustainable financial technology service provider, integrating new technologies with finance[40]. - Approximately 80% of the company's revenue comes from software product sales and service fees, indicating a strong reliance on traditional software business models[46]. - The company is actively expanding its market by targeting non-bank financial institutions, enhancing its competitive position in the IT solutions market[58]. - The company is focusing its future business on the financial IT industry, moving away from the declining environmental business sector[62]. - The company has launched five major software platforms, including AI and big data solutions, to enhance its service offerings in the financial sector[40]. Financial Management and Investments - The company has established partnerships with major suppliers like Huawei and Digital China, utilizing a "sales-based ordering" procurement model[45]. - The company has formed partnerships with several joint-stock banks to enhance personalized modeling and data analysis capabilities[65]. - The company is focusing on product and service innovation in response to increasing user demands for personalized solutions in the banking sector[90]. - The company plans to continue investing in AI technology, focusing on AI-enabled products and services, with an emphasis on AI+ credit, AI+ risk control, and AI+ marketing[106]. - The company is committed to becoming a leading sustainable financial technology service provider, leveraging big data and AI to reconstruct financial business and management processes[103]. Shareholder Structure and Management - The number of ordinary shareholders increased from 52,988 to 55,728 during the reporting period[170]. - The company reported a total of 78,106,006 shares held by Hangzhou Xinyada Electronics Co., Ltd., representing 17.76% of total shares[173]. - Guo Huaqiang holds 21,890,152 shares, accounting for 4.98% of total shares[173]. - The company has a total of 5,497,038 restricted shares held by Diao Jianmin, which will become tradable after 36 months from the issuance date[175]. - The major shareholder, Hangzhou Xinyada Electronics Co., Ltd., was established on October 7, 1994, and focuses on technology development and consulting[176]. - The company has maintained a stable leadership team, with no significant changes in shareholdings among most directors and executives[185]. Compliance and Legal Matters - The company received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has no major litigation or arbitration matters pending for the year[141]. - There were no significant changes in the integrity status of the company and its major stakeholders during the reporting period[145]. - The company has not disclosed any major related party transactions during the reporting period[146]. - The company has implemented a cash dividend policy in accordance with regulatory guidelines, ensuring compliance with the China Securities Regulatory Commission[116].