Sino-Microelectronics(SH:600360)2016-04-22 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,300,659,652.87, representing a 5.25% increase compared to CNY 1,235,814,183.64 in 2014[17]. - The net profit attributable to shareholders for 2015 was CNY 43,007,734.35, which is a 20.59% increase from CNY 35,665,286.16 in 2014[17]. - The net profit after deducting non-recurring gains and losses was CNY 34,319,594.47, showing a significant increase of 44.14% from CNY 23,810,176.18 in 2014[17]. - The cash flow from operating activities for 2015 was CNY 236,854,045.78, a slight increase of 0.07% compared to CNY 236,689,597.81 in 2014[17]. - The total assets at the end of 2015 were CNY 3,581,882,634.78, a minor decrease of 0.01% from CNY 3,582,280,987.47 in 2014[17]. - The basic earnings per share for 2015 was CNY 0.06, reflecting a 20.00% increase from CNY 0.05 in 2014[18]. - The diluted earnings per share for 2015 was also CNY 0.06, consistent with the basic earnings per share increase of 20.00% from the previous year[18]. - The weighted average return on equity for 2015 was 2.18%, an increase of 0.35 percentage points from 1.83% in 2014[18]. - The gross profit margin improved to 22.15%, with a year-on-year increase of 1.30 percentage points[37]. - The company achieved a net profit attributable to shareholders of RMB 43,007,734.35, representing a year-on-year increase of 20.59% due to higher sales revenue and improved gross margin from product structure optimization[32]. Research and Development - The company invested over 6% of its revenue in R&D, focusing on the development of fourth and sixth generation IGBT products, COOLMOS products, and TRENCH SBD[28]. - Research and development expenses amounted to RMB 79,567,379.83, reflecting a slight increase of 1.95% from the previous year[34]. - The company plans to increase R&D investment in 2016, focusing on the series production of IGBT, SBD, and VDMOS high-end power discrete devices[61]. Market Strategy and Operations - The company is actively expanding its market presence by enhancing its technical marketing approach and integrating application technology talent into its sales teams[29]. - The company aims to improve operational quality by implementing comprehensive budget management and enhancing financial control measures[30]. - The company plans to implement a technical marketing model to enhance market promotion, particularly in emerging and mid-to-high-end application areas[61]. - The company intends to improve operational efficiency through a divisional operation model, aligning technology and sales closely to respond to market demand[61]. - The company is focused on leveraging new technologies and products to drive growth in the coming quarters[114]. Financial Management and Control - The company continues to enhance internal control measures to mitigate operational risks and improve management efficiency[31]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, linking annual compensation to the completion of economic indicators[123]. - The internal control framework has been improved to enhance compliance and risk management capabilities[132]. - The company has not identified any significant internal control deficiencies during the reporting period[140]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 14,761,600.00 for the year[2]. - The company reported a net profit attributable to shareholders of 43,007,734.35 RMB for the fiscal year 2015, with a cash dividend payout ratio of 34.32%[68]. - The company has a three-year dividend return plan for 2015-2017, emphasizing a combination of cash and stock dividends[66]. - The company has not proposed a cash dividend distribution plan for the fiscal year 2015 despite being profitable, and must disclose the reasons and intended use of retained earnings[68]. Corporate Governance - The company engaged Zhonghua Accounting Firm for auditing services, with a fee of 500,000 RMB for the fiscal year 2015[74]. - The company approved the stock option incentive plan during the fourth extraordinary general meeting on September 10, 2015[78]. - The independent directors and supervisors did not report any shareholding changes during the reporting period[113]. - The board of directors has established four specialized committees to enhance decision-making processes[130]. Employee and Management Information - The company employed a total of 2,396 staff, with 1,712 in the parent company and 684 in major subsidiaries[122]. - The remuneration for senior management is determined based on a combination of basic and performance-based pay, with performance pay linked to the company's actual operating performance[118]. - Total compensation for all directors, supervisors, and senior management in 2015 amounted to CNY 1.86 million[119]. Risk Management - There were no significant risks impacting the company's operations during the reporting period[4]. - The company has not faced any major litigation or bankruptcy issues during the reporting period, indicating a stable operational environment[76]. Cash Flow and Financial Position - The company's cash and cash equivalents at the end of the period increased by 18.86%, reaching 1,144,640,239.34 compared to 963,049,557.96 in 2014[151]. - The current ratio improved to 160.27% from 155.10% in the previous year, reflecting better short-term financial health[151]. - The debt-to-asset ratio decreased slightly from 45.31% in 2014 to 44.57% in 2015, indicating a reduction in leverage[151]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%[151].