OIMEC(002819)2019-03-19 16:00Financial Performance - The company's operating revenue for 2018 was ¥925,979,784.30, representing an increase of 18.10% compared to ¥784,069,331.17 in 2017[23] - The net profit attributable to shareholders of the listed company was ¥46,848,471.94, a growth of 25.29% from ¥37,393,180.25 in the previous year[23] - The total profit for 2018 was ¥67,812,223.06, representing a year-on-year growth of 149.99%[67] - The net profit attributable to shareholders was ¥46,848,471.94, up 105.35% compared to the previous year[67] - Basic and diluted earnings per share increased by 31.71% to 0.4133 CNY per share[25] - The weighted average return on equity rose to 9.84%, up from 5.32% in the previous year[25] - Total assets reached 934,528,473.56 CNY, reflecting a year-over-year increase of 27.25%[25] - Net assets attributable to shareholders increased by 2.42% to 474,280,112.19 CNY[25] - The net cash flow from operating activities was -136,319,494.70 CNY, a significant decrease of 5,669.34% compared to the previous year[25] - The company’s total assets at the end of 2018 were 933,000,000 CNY, with cash and cash equivalents accounting for 22.18%[96] Revenue Breakdown - Instrument sales accounted for 85.62% of total revenue, amounting to ¥792,800,830.67, with a year-on-year growth of 14.92%[72] - The factoring business saw significant growth, with revenue increasing by 504.80% to ¥23,625,335.17 from ¥3,906,328.25[72] - The leasing business saw an 8.17% increase in revenue, focusing on the telecommunications sector, particularly 5G[67] - The newly acquired bidding business grew by 37.70%, benefiting from increased national investment in research[67] - Revenue from the North China region was ¥339,222,709.12, representing 36.63% of total revenue, with a year-on-year increase of 13.27%[72] - Revenue from overseas markets increased by 39.37% to ¥1,049,213.99, compared to ¥752,814.42 in the previous year[72] Investments and Acquisitions - The company expanded its business through investments and acquisitions, enhancing its service model in supply chain finance and equipment procurement[38] - The company acquired Dongfang Tender in 2018, which specializes in tender agency services, enhancing its service offerings and industry reputation[55] - The company invested in Dongke Factoring in 2017 to provide trade financing and account management services, enhancing liquidity and risk management for clients in production and trade sectors[52] - The company acquired a 65% stake in Dongfang International Bidding for an investment of ¥167,761,900, with an expected return of ¥20,000,000[102] - The company completed a merger with Oriental International Tendering Co., Ltd., with a total merger cost of ¥32,181,182.00[80] Research and Development - Research and development (R&D) expenses amounted to 22,553,758.49 CNY, up 17.25% from 19,235,524.81 CNY in 2017[89] - The number of R&D personnel remained stable at 77, with their proportion of total employees increasing from 31.69% to 35.16%[89] - The company has developed 66 software copyrights for various testing application systems, including electromagnetic compatibility testing systems and solar photovoltaic testing systems, showcasing its R&D capabilities[49] Corporate Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has taken steps to ensure compliance with regulatory requirements[5] - The management team has committed to maintaining transparency and accuracy in financial disclosures to mitigate investment risks[6] - The company has committed to not providing loans or financial assistance to incentive objects for acquiring restricted stocks[172] - The company has publicly committed to avoid competition with its controlling shareholders and major shareholders[172] - The company is currently fulfilling its long-term commitments regarding stock price stabilization measures[169] Market Strategy and Future Plans - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[6] - The company plans to expand its market presence in the electric vehicle testing sector, focusing on wireless charging and motor control systems[89] - The company aims to optimize its business structure and enhance service capabilities through the integration of its various business lines, including tender agency and factoring services[55] - The company aims to become a leading testing technology and technology service company in China through internal growth and mergers and acquisitions[130] - The company plans to implement a three-year strategic development plan (2019-2021) to enhance market share and support decision-making in emerging industries[133] Shareholder Returns - The company plans to distribute a cash dividend of ¥0.40 per 10 shares, with a capital reserve increase of 3 shares for every 10 shares held[6] - A cash dividend of 0.4 RMB per 10 shares was approved for 2018, totaling 484.41 million RMB distributed to shareholders[139] - The cash dividend for 2018 represented 10.34% of the company's net profit attributable to ordinary shareholders[144] Operational Efficiency - The company identified a decline in operational efficiency and cost control post-IPO, necessitating lean management practices to enhance profitability and overall performance[133] - The company aims to improve operational efficiency by establishing standardized processes and a professional team to support performance and improvement initiatives[133] - The company has implemented measures to stabilize stock prices, including the potential withholding of cash dividends to fund stock price stabilization efforts[169] Risk Management - The company has engaged Changjiang Securities as its sponsor and financial advisor for ongoing supervision and support[22] - The company has not reported any significant litigation related to its investments[102] - The company has not encountered any issues with the use and disclosure of raised funds[114]