JCHX(SH:603979)2019-04-25 16:00Financial Performance - The company's operating revenue for 2018 was CNY 3,105,190,215.55, representing a 27.24% increase compared to CNY 2,440,345,134.45 in 2017[17]. - Net profit attributable to shareholders for 2018 was CNY 291,429,013.89, a 42.02% increase from CNY 205,199,836.18 in 2017[17]. - The net cash flow from operating activities for 2018 was CNY 182,230,898.20, up 44.53% from CNY 126,088,116.05 in 2017[17]. - Basic earnings per share for 2018 was CNY 0.50, a 42.86% increase from CNY 0.35 in 2017[18]. - The weighted average return on net assets for 2018 was 7.36%, an increase of 1.90 percentage points from 5.46% in 2017[18]. - The company reported a net asset attributable to shareholders of CNY 4,052,737,776.50 at the end of 2018, a 5.86% increase from CNY 3,828,236,430.36 at the end of 2017[17]. - Total assets at the end of 2018 were CNY 6,272,804,927.35, reflecting an 11.34% increase from CNY 5,633,952,256.22 at the end of 2017[17]. - The company achieved a historical high in revenue of RMB 3.105 billion, representing a growth of 27.24% compared to the previous year[43]. - The total new contract amount from 2017 to 2018 reached RMB 8.617 billion, an increase of 46.77% compared to 2015-2016[43]. - The company’s overseas revenue for 2018 was RMB 1.18 billion, accounting for 38.00% of total revenue, with a year-on-year growth of 32.10%[43]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.75 per 10 shares (including tax) based on the total share capital on the dividend record date for 2018[3]. - The company reported a cash dividend distribution of RMB 43.875 million based on a payout of RMB 0.75 per 10 shares for the 2017 fiscal year[111]. - The company did not distribute any stock dividends in 2018, 2017, or 2016, maintaining a cash dividend policy[112]. - The cash dividend per 10 shares was 0.75 RMB in both 2017 and 2018, and 0.50 RMB in 2016[112]. - The company’s cash dividend payout ratio was 14.86% in 2018, down from 21.38% in 2017[112]. - The total number of shares repurchased by the company as of December 31, 2018, was 6,484,004 shares, with a total expenditure of 53,754,770.14 RMB[113]. - The company’s cash dividends for 2018 included the repurchase amount, which was treated as part of the cash dividend distribution[113]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[2]. - The company has committed to maintaining the integrity and accuracy of its financial disclosures as per regulatory requirements[117]. - The company confirmed that the financial reports included in the bond offering prospectus are true, complete, and accurate, with individual and joint legal responsibilities for any misstatements[120]. - The company has not faced any penalties from local environmental regulatory authorities during the reporting period[155]. - The company did not incur any penalties from securities regulatory agencies in the past three years[194]. Operational Highlights - The company has established long-term partnerships with over 20 large state-owned enterprises and listed companies in China, including Jiangxi Copper and Jinchuan Group, with service durations exceeding 10 years[31]. - The company has undertaken over 30 large-scale mining engineering construction and mining operation management projects, including 11 projects with an annual output of over one million tons[30]. - The company has developed a comprehensive service capability integrating mining engineering construction, mining operation management, design and technology research, and equipment manufacturing[30]. - The company has produced 35 multifunctional service vehicles during the reporting period, enhancing its mining equipment manufacturing capabilities[25]. - The company has focused on expanding its international market presence, particularly in Zambia and the Democratic Republic of Congo, where it provides services for major mining projects[30]. Risk Management - The company has detailed potential risk factors and countermeasures in the report[5]. - The company has implemented measures to manage foreign exchange risks related to its overseas operations[109]. - The company emphasizes the importance of monitoring macroeconomic conditions and adjusting strategies accordingly to mitigate various operational risks[109]. Employee and Management Information - The company has established a talent pool of over 5,000 employees, including more than 140 with master's degrees or higher and over 100 with senior titles[39]. - The company’s management team has an average tenure of over 5 years, ensuring stability and experience in navigating market trends[39]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to CNY 15.1318 million[192]. - The company employed a total of 5,300 staff, with 1,631 in the parent company and 3,669 in major subsidiaries[195]. Research and Development - The total R&D expenditure for the period was ¥55,660,692.08, accounting for 1.79% of the operating revenue[57]. - The company has established leading laboratories for filling materials and geotechnical mechanics, focusing on research and development in filling technology and equipment[93]. - The management team emphasizes the importance of research and development, allocating 10% of revenue towards new technology advancements[184]. Market and Strategic Outlook - The company plans to enhance its operational management by optimizing domestic market strategies and expanding into international markets, particularly in Western mining markets[96]. - The company is exploring market expansion opportunities in Southeast Asia, aiming to increase its market share by 20%[184]. - Future outlook suggests continued growth, with performance guidance indicating an expected increase in revenue by 15% for the next fiscal year[184]. - The company is committed to sustainability practices, aiming to reduce operational costs by 5% through eco-friendly initiatives[184]. Safety and Environmental Management - The company emphasizes "safety first, quality foremost" in its engineering construction philosophy, adhering to national safety regulations[148]. - The company has established a comprehensive environmental protection management system to ensure compliance with environmental assessments during production[147]. - The company has implemented a comprehensive occupational health and safety management system, continuously improving its management level since 2004[150].