Financial Performance - The company's operating revenue for 2015 was approximately ¥890.60 million, representing a 0.72% increase compared to ¥884.28 million in 2014[15]. - The net profit attributable to shareholders decreased by 8.92% to ¥97.59 million from ¥107.15 million in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥91.74 million, down 11.92% from ¥104.15 million in 2014[15]. - The basic earnings per share decreased to ¥1.56, down 8.77% from ¥1.71 in the previous year[15]. - The total assets at the end of 2015 were approximately ¥1.75 billion, an increase of 46.53% from ¥1.20 billion at the end of 2014[15]. - The net assets attributable to shareholders increased by 84.32% to ¥1.27 billion from ¥689.32 million in 2014[16]. - The weighted average return on equity was 13.66%, down from 16.46% in the previous year[15]. - The company achieved operating revenue of 890.60 million yuan, an increase of 0.72% year-on-year[35]. - The net profit attributable to the parent company was 97.59 million yuan, a decrease of 8.92% compared to the previous year[35]. - The total assets reached 1.75 billion yuan, a growth of 46.52% year-on-year, primarily due to the net fundraising of 522.83 million yuan from the IPO[38]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 70.38% to ¥197.44 million, compared to ¥115.88 million in 2014[15]. - The net cash flow from operating activities showed significant growth, starting at ¥1.35 million in Q1 and increasing to ¥122.34 million in Q4, indicating improved cash generation capabilities[20]. - The company achieved a 399.92% increase in cash and cash equivalents by the end of the year, primarily due to successful fundraising through a public stock issuance, raising ¥522.83 million[27]. - The net cash flow from operating activities rose by 70.38% to ¥197,436,353.47, driven by a decrease in cash paid for goods and services[57][58]. - Cash and cash equivalents increased by 1,288.23% to ¥610,859,080.66, reflecting improved cash management[57]. Revenue Breakdown - Revenue from civil explosive materials decreased by 8.20% to ¥512,959,050.43, accounting for 57.60% of total revenue[42]. - Revenue from ammonium nitrate and compound fertilizer increased significantly by 54.19% to ¥231,984,838.95, representing 26.05% of total revenue[42]. - The company reported a 21.36% decline in blasting services revenue, totaling ¥90,209,429.53, which accounted for 10.13% of total revenue[42]. - The sales volume of liquid ammonium nitrate increased by 63% year-on-year, totaling 90,000 tons[36]. - The sales volume of industrial explosives decreased by 8.25% to 79,232 tons, while production volume fell by 9.82% to 78,968 tons[45]. Strategic Initiatives and Market Position - The company maintained a strong industry position, ranking 14th in production value and 12th in annual output within the industry in 2015[25]. - The company is actively expanding into downstream blasting service sectors, enhancing its integrated service capabilities[25]. - The company has developed a stable supply chain for ammonium nitrate, achieving full internal self-sufficiency, which has helped reduce production costs for industrial explosives[29]. - The company is committed to improving corporate governance and ensuring accurate and timely information disclosure to enhance investor engagement and company value[79]. - The company plans to optimize its business structure and enhance its risk resistance through resource integration and acquisition of quality enterprises and assets[78]. Research and Development - The company holds a leading position in technology, having obtained 1 invention patent and 17 utility model patents in 2015, reflecting its commitment to innovation[29]. - Research and development investment increased by 9.80% to ¥26,469,124.70, representing 2.97% of operating revenue[56]. - The company aims to enhance its research and development capabilities, ensuring that R&D expenses are fully invested each year, and plans to complete the construction of its explosive product laboratory and ammonium nitrate (compound fertilizer) laboratory this year[79]. - The company has received multiple awards for its innovative products, including the National Level New Product award for the expanded ammonium explosive in 2000[154]. Dividend Policy - The company plans to distribute a cash dividend of ¥5 per 10 shares to all shareholders, based on a total of 83,470,000 shares[5]. - The cash dividend payout ratio for 2015 was 42.76% of the net profit attributable to shareholders, which was 97,593,761.01 yuan[89]. - The company committed to a cash dividend ratio of no less than 35% of the distributable profit for the years 2014 to 2016[97]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and operational management[176]. - The board of directors includes 4 independent directors, meeting the requirement of one-third of the board members as stipulated by the China Securities Regulatory Commission[177]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, institutions, and finances[181]. - The company has no significant discrepancies with the governance norms set by the China Securities Regulatory Commission[179]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5154 million[170]. - The company employed a total of 1,569 staff, with 1,009 in production, 118 in sales, 130 in technical roles, 51 in finance, and 261 in administration[171]. - The company has established a comprehensive training system to support its goal of becoming a learning organization[173]. - The number of employees with a university degree or higher is 202, which includes 9 with a postgraduate degree and 193 with a bachelor's degree[171].