NNCC(SH:600435)2017-03-29 16:00Financial Performance - The company's total revenue for 2016 was ¥2,002,730,978.07, representing an increase of 8.30% compared to ¥1,849,322,333.46 in 2015[17]. - The net profit attributable to shareholders for 2016 was ¥42,898,485.61, an increase of 11.19% from ¥38,581,201.59 in 2015[17]. - The total profit for 2016 was ¥165,051,828.66, an increase of 28.09% compared to the previous year[32]. - The company's operating revenue for the current period is ¥2,002,730,978.07, an increase of 8.30% compared to ¥1,849,322,333.46 in the same period last year[37]. - The net cash flow from operating activities for 2016 was negative at -¥369,224,657.00, compared to a positive cash flow of ¥263,592,466.63 in 2015[17]. - The company reported a significant increase in non-operating income, which rose by 56.85% to ¥34,298,715.13 from ¥21,867,718.63 year-on-year[39]. - The company reported a total cash and cash equivalents balance of CNY 524,312,389.04 at the end of 2016, down from CNY 839,196,347.55 at the end of the previous year[174]. Assets and Liabilities - The company's total assets as of the end of 2016 were ¥4,725,888,664.37, reflecting a growth of 7.83% from ¥4,382,815,321.74 in 2015[17]. - The company's total liabilities increased to CNY 2,105,007,022.16 from CNY 1,836,935,866.31, marking a rise of 14.63%[165]. - The company's cash and cash equivalents decreased to CNY 72,765,393.18 from CNY 157,102,493.98, a decline of 53.76%[164]. - Accounts receivable increased significantly to CNY 731,884,400.00 from CNY 370,468,428.76, reflecting a growth of 97.67%[164]. - The company's total liabilities decreased to CNY 1,828,983,483.24 from CNY 1,887,145,448.08, representing a reduction of approximately 3.1%[182]. Shareholder Information - The company plans to distribute a cash dividend of ¥0.25 per share, totaling ¥37,233,000.00 for the year[2]. - The total number of ordinary shareholders at the end of the reporting period was 144,138, a decrease from 146,446 at the end of the previous month[105]. - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., holds 503,214,062 shares, representing 33.79% of the total shares[107]. - The company has a policy of distributing at least 10% of the annual profit as cash dividends when conditions allow[73]. Research and Development - The company completed 13 key model projects in research and development during the reporting period[33]. - Research and development expenses increased by 78.00% to ¥92,027,388.64 from ¥51,699,868.20 in the previous year, focusing on dual-use military and civilian product development[38]. - The company employed 357 R&D personnel, representing 13.03% of the total workforce[52]. Management and Governance - The total compensation for the board members and senior management during the reporting period amounted to 3.5942 million yuan[116]. - The company has established a performance and remuneration management method for senior management, which was implemented during the reporting period[122]. - The audit committee held a total of 9 meetings during the reporting period, with all members present at each meeting[139]. - The company has no reported penalties from securities regulatory agencies in the past three years[124]. Operational Efficiency - The company implemented a comprehensive lean management strategy across all production sites, significantly improving management levels[34]. - The gross profit margin for the manufacturing sector increased by 1.11 percentage points to 26.00%[43]. - The company is enhancing its financing platform to meet development needs and is actively seeking new business areas to reduce structural risks and improve profitability[64]. Compliance and Risk Management - The company has committed to not engaging in competing businesses with its actual controller and related parties, ensuring no harm to the company's and shareholders' legitimate rights[78]. - The company has established a strict insider information management system to protect investor rights and ensure fair information disclosure[134]. - The company continues to comply with national regulations regarding pricing in military procurement and sales[89].