Jetsen(300182)2022-02-28 16:00Financial Performance - The company's operating revenue for 2018 was CNY 4,950,399,295.14, representing a 13.39% increase from CNY 4,365,863,963.60 in 2017[22] - The net profit attributable to shareholders for 2018 was CNY 90,748,399.54, a significant decrease of 90.88% compared to CNY 995,266,007.26 in 2017[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 67,375,243.97, down 92.67% from CNY 919,246,468.94 in the previous year[22] - Basic earnings per share for 2018 were CNY 0.0355, a decline of 90.89% from CNY 0.3895 in 2017[22] - The total revenue for the year 2018 was approximately ¥4.95 billion, representing a year-on-year increase of 13.39% compared to ¥4.37 billion in 2017[80] - The net profit attributable to the parent company was ¥90,748,399.54, with net cash flow from operating activities increasing by 312.32% to ¥2,022,639,403.35[58] - The revenue from the film and television content production segment was approximately ¥1.07 billion, accounting for 21.70% of total revenue, with a decrease of 20.27% from ¥1.35 billion in 2017[80] - The revenue from film and television copyright operation and services was approximately ¥3.09 billion, which constituted 62.39% of total revenue, showing a significant increase of 57.08% from ¥1.97 billion in 2017[80] Assets and Liabilities - Total assets at the end of 2018 were CNY 15,931,776,871.86, reflecting a 5.16% increase from CNY 15,149,332,153.78 at the end of 2017[22] - The net assets attributable to shareholders were CNY 9,695,080,403.43, a slight decrease of 0.15% from CNY 9,709,677,639.07 in 2017[22] - The company's accounts receivable increased to ¥3,531,933,814.88, representing 22.17% of total assets, up from 14.66% in 2017[105] - Long-term equity investments increased to ¥1,084,478,646.55, representing a 6.81% share of total assets[108] - Short-term borrowings rose to ¥1,828,175,480.50, accounting for 11.48% of total liabilities, primarily due to new bank credit[108] Cash Flow - The net cash flow from operating activities increased by 312.32% to CNY 2,022,639,403.35 from CNY 490,553,174.66 in 2017[22] - The total cash inflow from financing activities was ¥3,405,552,385.97 in 2018, a decrease of 4.92% from the previous year[101] - The company's cash and cash equivalents decreased by ¥611,233,125.44 in 2018, representing a 165.26% increase in net decrease compared to the previous year[104] - The investment activities resulted in a net cash outflow of ¥1,914,378,578.46 in 2018, which is a 26.52% increase in outflow compared to the previous year[101] Dividends - The company plans to distribute a cash dividend of CNY 0.04 per 10 shares, based on a total of 2,574,960,807 shares[6] - The total cash dividend for 2018 was RMB 9,012,362.82, representing 9.93% of the net profit attributable to ordinary shareholders[156] - The total cash dividend for 2017 was RMB 108,148,353.89, accounting for 10.87% of the net profit attributable to ordinary shareholders[156] - The total cash dividend for 2016 was RMB 94,758,380.43, which was 9.86% of the net profit attributable to ordinary shareholders[156] Business Operations - The company’s main business includes new media copyright operation, film and television content production and distribution, audio-visual technology services, and digital education[33] - The company has established long-term content cooperation with over 200 international television stations and video websites, expanding its global distribution network[42] - The company aims to meet the growing demand for quality content in the domestic new media market by introducing international films and children's entertainment IPs[40] - The company has established a digital education cloud platform that has signed contracts with over 20 new cities or regions, expanding its reach to over 30 cities[76] - The company is focusing its strategic priorities on copyright operations, leveraging content distribution as a key business driver, and emphasizing new media as the main battlefield[54] Research and Development - The company has made significant progress in key technology areas, acquiring multiple new patents and software copyrights during the reporting period[43] - The company acquired 21 new software copyrights during the reporting period, all obtained originally by the company and its subsidiaries[44] - The company has a total of 28 patents, with a significant focus on invention patents that support its technological advancements in the media industry[44] - The company's R&D investment in 2018 amounted to ¥117,372,697.10, representing 2.37% of total revenue, a decrease from 3.51% in 2017[100] - The number of R&D personnel decreased to 665 in 2018, accounting for 75.65% of the total workforce, down from 78.69% in 2017[100] Market and Competition - The company faces various risks including market competition, policy changes, and potential impairment of goodwill[6] - The company is facing significant policy risks due to strict regulations in the film and television industry, which could impact its operations[133] - The company is exposed to risks related to changes in tax incentive policies, particularly in the Xinjiang region, where certain tax benefits have been suspended[139] - The company faces risks from intensified market competition in the copyright operation sector due to increasing demand for specialized film content and potential cost increases in copyright procurement[137] Strategic Initiatives - The company has established a robust strategy to capitalize on the future development trends of the content copyright industry[54] - The company is committed to integrating its content operations and expanding its media brand through strategic partnerships and resource utilization[119] - The company is focusing on developing a smart education cloud platform, which includes a unified user center and various educational applications[97] - Future development will leverage 4K and 5G technologies, with a focus on cloud services, AI, and big data applications in the media industry[123] Future Outlook - The company has multiple upcoming TV series planned for 2019, including "义海" and "刘家媳妇," with the latter already aired in February 2019[124] - The company is in the process of producing several web series, with "暗黑者" expected to premiere in September 2019 and others in various stages of production[131] - Overall, the company remains optimistic about future growth, citing a strong pipeline of projects and a robust market demand[200]