Directors' Report
Your Directors present the Annual Report together with the Audited Statement of Accounts for the year ended on December 31, 2018.
Financial Results :
A summary of the Company's financial performance is given below:
(Amount in RMB)
Year Ended Year Ended
December 31, 2018 December 31, 2017
Total Income for the year 19,960,583 20,044,342
Profit/ (Loss) before depreciation 2,865,576 2,932,584
Depreciation 491,065 400,373
Profit/ (Loss) before Tax 2,374,511 2,532,211
Provision for tax 551,130 704,472
Profit/ (Loss) After Tax 1,823,381 1,827,739
Review of Operations:
2018 has been a busy year for China. We saw stable headcount and revenues from existing clients.
During the year, we witnessed steady improvement in our overall integration levels with all our clients. Client management visits and quality of work done by clients reinforced the superior integration levels our teams have established with their counterparts.
We have invested significant amount of time in developing capabilities for newer verticals, results of which would be visible in the coming years.
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The company received ISO 27001:2013 recertification.
We continued our efforts in enhancing employee experience in China with various measures.
Results of this are clear in the Employee engagement (VIBE) results.
Directors:
Mr. Siddharth Arora, Mr. Suresh Krishnamurthy, Mr. Pawan Kumar Jain, Mr. Anupam Kaura &
Mr. Kshitij Bhatia were Directors of the Company as on December 31, 2018.
Dividend:
The Board did not declare any dividend for the year ended December 31, 2018.
Acknowledgements
Your Directors wish to place on record their grateful appreciation for the continued support, co-operation and assistance extended to the Company from time to time by the Company's Bankers, Clients, Vendors and various authorities for their confirmed support, and for the hard work put in by the employees at all levels.
On behalf of the Board of Directors
�ain Chairman Hangzhou, January 23, 2019
