SUNSEA(002313)2016-03-21 16:00Financial Performance - The company's operating revenue for 2015 was CNY 2,869,246,806.59, representing an increase of 18.14% compared to CNY 2,428,735,924.04 in 2014[20]. - The net profit attributable to shareholders was a loss of CNY 28,947,583.17, a decrease of 339.09% from a profit of CNY 12,107,220.29 in 2014[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 39,422,897.59, compared to a loss of CNY 92,385.10 in 2014, marking a significant increase of 42,572.35%[20]. - The basic earnings per share for 2015 were CNY -0.09, a decline of 325.00% from CNY 0.04 in 2014[20]. - The diluted earnings per share for 2015 were also CNY -0.09, reflecting the same decline of 325.00% from CNY 0.04 in 2014[20]. - The company reported a net loss of 28,947,583.17 CNY in 2015, resulting in a 0.00% dividend payout ratio[80]. - The company recorded a total comprehensive loss of CNY 49,363,490.16 for the year, compared to a comprehensive income of CNY 46,891,219.11 in 2014[190]. Cash Flow and Assets - The net cash flow from operating activities was CNY 370,620,584.25, an increase of 47.65% from CNY 251,008,551.75 in 2014[20]. - Operating cash inflow for 2015 was CNY 3,416,664,775.26, an increase of 20.21% compared to 2014[52]. - Cash and cash equivalents increased by CNY 157,581,780.74, a growth of 75.20% compared to the previous year[53]. - Total assets at the end of 2015 were CNY 4,402,455,936.96, a decrease of 1.31% from CNY 4,460,858,821.08 at the end of 2014[20]. - The total cash inflow from operating activities was CNY 2,708,335,233.20, an increase of 11.6% compared to CNY 2,426,626,007.26 from the previous year[197]. - The cash and cash equivalents at the end of the period amounted to CNY 521,024,176.14, an increase of 43.4% from CNY 363,442,395.40 at the end of the previous year[197]. Revenue Breakdown - The revenue from wired broadband/optical communication business reached ¥692,332,495.65, up 31.59% compared to the previous year[42]. - Mobile broadband/wireless site business generated ¥1,024,358,650.25, marking a 31.75% increase year-over-year[42]. - Domestic revenue accounted for 96.95% of total revenue, amounting to ¥2,781,672,100.96, with a year-over-year growth of 19.47%[40]. - The gross profit margin for the telecommunications industry was 22.88%, a decrease of 3.50% from the previous year[42]. Investments and R&D - Research and development investment totaled ¥102,116,826.42, representing a 5.99% increase from the previous year[51]. - The company applied for 61 patents during the reporting period, including 12 invention patents, and received 69 patent authorizations[32]. Market and Competition - The market competition intensified as the construction of communication infrastructure shifted from telecom operators to China Tower, leading to increased pricing pressure[30]. - The company’s wireless site product line transitioned to a single major customer, China Tower, impacting market dynamics and competition[30]. Shareholder and Governance - The company has established a clear profit distribution policy to ensure stable returns to shareholders, aligning with regulatory requirements[76]. - The company did not distribute cash dividends in 2014 and 2015 due to earnings per share being below 0.1 and the parent company not achieving profitability[78]. - The company has actively maintained the rights of shareholders, especially minority investors, ensuring transparency and fairness in information disclosure[113]. - The company has a total of 0 shares held by directors and senior management at the beginning and end of the reporting period[134]. Compliance and Internal Controls - The company maintained effective internal controls related to financial reporting, with no significant deficiencies identified in the internal control evaluation[169]. - The audit report issued by the accounting firm confirmed that the financial statements fairly present the company's financial position as of December 31, 2015[174]. - The company has completed a rectification plan in response to regulatory feedback regarding performance forecasting management[142]. Future Outlook - The company plans to continue expanding its market presence, focusing on new product development and technology advancements[200]. - Future guidance suggests a focus on increasing operational efficiency and exploring potential mergers and acquisitions[200].