OIMEC(002819)2020-04-10 16:00Financial Performance - The company's operating revenue for 2019 was CNY 1,029,812,066.93, representing an increase of 11.21% compared to CNY 925,979,784.30 in 2018[24]. - The net profit attributable to shareholders of the listed company was CNY 56,112,519.16, up 19.77% from CNY 46,848,471.94 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,801,827.00, an increase of 82.64% compared to CNY 30,005,344.07 in 2018[24]. - The basic earnings per share for 2019 was CNY 0.3581, reflecting a growth of 12.61% from CNY 0.3180 in 2018[24]. - The diluted earnings per share was CNY 0.3578, also up 12.52% from CNY 0.3180 in the previous year[24]. - The weighted average return on equity increased to 11.22% in 2019 from 9.84% in 2018[24]. - The total assets at the end of 2019 were CNY 1,024,091,293.70, a 9.58% increase from CNY 934,528,473.56 at the end of 2018[24]. - The total profit for the year was ¥87,985,933.44, which is a 29.75% increase compared to the previous year[70]. - The increase in profit margins was primarily due to a higher proportion of revenue from value-added services such as instrument leasing, system integration, factoring, and bidding[70]. Cash Flow and Dividends - The net cash flow from operating activities improved to -CNY 24,351,898.73, a significant improvement of 82.14% from -CNY 136,319,494.70 in 2018[24]. - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares to all shareholders, based on a total of 157,538,236 shares[7]. - In 2019, the company distributed cash dividends totaling RMB 7,876,911.80, representing 14.04% of the net profit attributable to ordinary shareholders[132]. - The cash dividend distributed is in line with the company's strategy to reward shareholders while maintaining a healthy profit distribution ratio[137]. - The company has a commitment to distribute at least 80% of profits as cash dividends during its mature phase without significant capital expenditure plans[137]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing[22]. - The company operates a multi-brand and multi-product business model, representing nearly 20 officially代理 brands and over 200 instrument brands, with more than 3,000 models available[39]. - The company has established a nationwide marketing network with branches in over 30 major cities, enhancing its ability to respond quickly to customer needs[39]. - The company primarily adopts an order sales model, with direct sales as the main approach and intermediaries such as distributors and service providers as supplementary channels[44]. - The company has established a professional technical support team and a nationwide marketing service network, covering major industry leaders and forming long-term partnerships with key clients[49]. - The company emphasizes strict selection criteria for self-operated leasing instruments to ensure high profitability while managing asset risks[46]. - The company is focusing on high-tech industries such as 5G, new energy vehicles, and advanced intelligent manufacturing for product research and development[38]. - The company aims to enhance operational efficiency and profitability through lean management and by increasing the proportion of value-added services such as instrument leasing and system integration[125]. Investments and Acquisitions - The company invested in Dongke Factoring in 2017, focusing on innovative financial solutions for trade financing and account management services[53]. - The company acquired Dongfang Tender in 2018, specializing in tender agency services, enhancing its technical strength and industry experience in the bidding process[57]. - The new tender agency business complements the company's existing services and client base, optimizing business structure and enhancing overall service capabilities[57]. - The company has established a professional M&A team and is prepared to strengthen its acquisition efforts to enhance sustainable development capabilities[125]. Research and Development - Research and development expenses increased by 74.23% to ¥25,974,521.95, primarily due to increased salaries for the R&D team[88]. - The company obtained 12 new software copyrights related to testing applications in the fields of new energy vehicles and communication standards[89]. - R&D personnel increased by 3.90% to 80, while the proportion of R&D personnel decreased to 27.68%[90]. Market and Economic Environment - The macroeconomic environment in 2019 showed a steady growth trend despite increasing domestic downward pressure and global economic downturn[123]. - The company anticipates continued growth in 2020, despite facing significant downward pressure from both demand and supply sides[123]. Compliance and Governance - The company has outlined its commitment to transparency and adherence to performance commitments as part of its corporate governance[146]. - The company has a long-term commitment to avoid misleading statements in its prospectus, with a promise to compensate investors for losses incurred due to any false records or omissions[165]. - The company has reported no non-operating fund occupation by its controlling shareholders or related parties during the reporting period[175].