JCET(SH:600584)2016-04-28 16:00Financial Performance - The company's operating revenue for 2015 was CNY 10,807,023,798.60, representing a 68.12% increase compared to CNY 6,428,273,279.53 in 2014[19]. - The net profit attributable to shareholders for 2015 was CNY 51,997,451.04, a decrease of 66.81% from CNY 156,666,468.23 in 2014[19]. - The net profit after deducting non-recurring gains and losses was CNY 5,847,585.09, down 95.24% from CNY 122,723,838.49 in 2014[19]. - The cash flow from operating activities for 2015 was CNY 1,745,946,193.31, an increase of 66.52% from CNY 1,048,518,721.28 in 2014[19]. - The total assets at the end of 2015 were CNY 25,558,550,123.59, a 134.43% increase from CNY 10,902,304,709.68 at the end of 2014[19]. - The net assets attributable to shareholders at the end of 2015 were CNY 4,308,222,116.14, a 14.46% increase from CNY 3,763,850,916.15 at the end of 2014[19]. - The basic earnings per share for 2015 were CNY 0.05, a decrease of 72.22% from CNY 0.18 in 2014[20]. - The diluted earnings per share for 2015 were also CNY 0.05, reflecting a 72.22% decrease from CNY 0.18 in 2014[21]. - The weighted average return on equity for 2015 was 1.41%, down 4.18 percentage points from 5.59% in 2014[21]. Acquisitions and Market Position - The company completed the acquisition of Xinke Jinpeng, enhancing its operational scale, customer resources, and international influence[40]. - The company ranked fourth in the global semiconductor packaging and testing industry, with a market share increase from 3.9% to 10% after the acquisition[35]. - The company plans to enhance its production capacity by relocating Xingke Jinpeng's Shanghai plant to Jiangyin, completing the move by 2017[37]. - The company aims to achieve revenue of 19.1 billion RMB in 2016, with operating costs controlled around 16.8 billion RMB, contingent on the integration of STATS CHIPPAC[84]. - The company plans to focus on high-end packaging technologies and maintain competitiveness in traditional products while leveraging low-cost production bases[83]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.10 CNY per 10 shares based on a total share capital of 1,035,914,811 shares, totaling 10,359,148.11 CNY for the year 2015[2]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the fiscal year 2015[2]. - The company strictly adhered to its profit distribution policy and decision-making procedures, ensuring the protection of minority investors' rights[88]. - The cash dividend distribution for 2015 was completed on May 28, 2015, in compliance with the company's articles of association and shareholder resolutions[89]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[93]. Risk Factors and Legal Matters - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantial commitments to investors, highlighting investment risks[3]. - The company has detailed risk factors in the management discussion and analysis section of the report, advising investors to review potential risks[4]. - The company faced a lawsuit regarding tax issues with the Korean tax authority, with a claim amount of 55.3 million KRW, and the next court hearing is scheduled for April 2016[104]. - The company is currently involved in ongoing litigation with the Korean tax authority regarding tax payments made in 2014, with a total claim of 2.24 million KRW[104]. Corporate Governance and Management - The company’s legal representative is Wang Xinchao, and the board secretary is Zhu Zhengyi[11]. - The company appointed Ernst & Young Huaming as the new auditor for the 2015 fiscal year, with an audit fee of 1.7 million RMB, which includes 400,000 RMB for internal control audit[101]. - The company’s independent directors fulfilled their duties and provided independent opinions on the profit distribution proposals[89]. - The company has maintained a stable management team since 2013, with most executives serving in their roles for over a decade[152]. Environmental and Social Responsibility - The total investment in environmental protection for 2015 was over 12.5 million yuan, completing three energy-saving and emission-reduction projects, saving 4,100 tons of water and 702,100 kWh of electricity, resulting in an economic benefit of 543,600 yuan[120]. - The company donated 2.25 million yuan for social welfare, including funding for orphans' education and assistance for employees in need[120]. - The company plans to continue participating in social welfare and ecological environmental protection initiatives[120]. Employee and Training Initiatives - The total number of employees in the parent company is 5,571, while the total number of employees in major subsidiaries is 15,626, resulting in a combined total of 21,197 employees[160]. - The company provides comprehensive training programs, ensuring an average of at least 24 hours of training per employee annually[162]. - The company implemented a training program with an average of no less than 24 hours of training per employee throughout the year[119]. Financial Position and Cash Flow - The total current assets amounted to approximately ¥6.81 billion, an increase from ¥5.05 billion at the beginning of the year[184]. - The company reported a significant increase in accounts receivable, rising to approximately ¥1.84 billion from ¥710.74 million[184]. - Cash and cash equivalents decreased to approximately ¥2.58 billion from ¥2.86 billion[184]. - Total cash and cash equivalents at the end of the year amounted to CNY 2,297,218,958.40, down from CNY 2,533,255,921.89 at the beginning of the year[200].