2016-04-15 16:00Financial Performance - In 2015, the company achieved a net profit attributable to shareholders of RMB 439,072,644.82, with the parent company reporting a net profit of RMB 566,487,388.13[2] - The company's operating revenue for 2015 was approximately ¥36.02 billion, a decrease of 7.73% compared to ¥39.04 billion in 2014[20] - Net profit attributable to shareholders was approximately ¥439.07 million, down 65.65% from ¥1.28 billion in 2014[20] - The basic earnings per share decreased by 70.31% to ¥0.19 from ¥0.64 in 2014[21] - The weighted average return on equity dropped to 1.94%, a decline of 71.97% compared to 6.92% in 2014[21] - The company's net profit decreased by 65.21% year-on-year, mainly due to a decline in market demand for power generation equipment and increased asset impairment losses[74] - The company reported a total of 2,801,886 thousand RMB in actual transactions under the "Procurement and Production Service Framework Agreement" for 2015, which is below the annual cap of 3,500,000 thousand RMB[144] - The company reported a total compensation for directors and senior management during the reporting period amounting to 4,582,749 RMB[195] Dividends and Shareholder Returns - The company proposed a cash dividend of RMB 0.6 per 10 shares, totaling RMB 140,214,022.08 to be distributed[2] - The company distributed cash dividends of 0.60 RMB per 10 shares in 2015, totaling 140,214,022.08 RMB, which represents 31.93% of the net profit attributable to shareholders[131] - As of December 31, 2015, the company's distributable reserves amounted to 11.156 billion yuan, with a capital reserve of 8.829 billion yuan and a surplus reserve of 731 million yuan[104] Market and Operational Strategy - The company secured new orders worth RMB 37 billion during the year, with a total backlog of nearly RMB 120 billion at the end of the reporting period[8] - The company plans to focus on capacity reduction, inventory destocking, cost reduction, and structural adjustment as key priorities for 2016[9] - The company aims to enhance its international market presence by expanding operations along the "Belt and Road" initiative and increasing cooperation with business partners[86] - The company is committed to optimizing its budget management and reducing costs to improve overall profitability[91] - The company anticipates facing significant market order risks in 2016 due to economic pressures and potential declines in electricity demand[94] Research and Development - Research and development expenses amounted to RMB 1.25 billion, reflecting a slight increase of 0.79% year-on-year[43] - The company applied for 266 patents during the year, with 204 patents granted, including 79 invention patents[59] - The company is investing 500 million in R&D for new technologies aimed at enhancing energy efficiency in its products[2] Risk Management - The company emphasized the importance of managing risks associated with future operations and market conditions[3] - The company faces project execution risks due to a slowdown in domestic power construction and various international factors affecting overseas projects[95] - The company is experiencing increased accounts receivable and cash flow difficulties due to delays in certain power station projects[96] Corporate Governance - The supervisory board confirmed that the financial report for 2015 objectively reflects the company's financial status and operating results, with a standard unqualified audit opinion issued by the accounting firm[120] - The supervisory board conducted a review of the cash dividend policy, confirming compliance with regulations and protection of minority shareholders' rights[124] - The company maintained a 100% attendance rate for the supervisory board meetings, with 6 meetings held during the year[116] Market Expansion and Product Development - The company actively participated in the "Belt and Road" initiative, signing export projects worth USD 1.4 billion, including contracts for a 350,000 kW thermal power unit in Bosnia and a 22.5 MW wind power project in Sweden[8] - The company completed a strategic acquisition of a tech startup for 200 million, expected to enhance its product offerings and market competitiveness[2] - New product launches included a next-generation electric vehicle, projected to contribute an additional 1 billion in revenue in the next fiscal year[2] Financial Position - Total assets at the end of 2015 were approximately ¥86.13 billion, a slight increase of 0.34% from ¥85.84 billion in 2014[20] - The company's net assets attributable to shareholders increased by 17.95% to approximately ¥23.05 billion from ¥19.54 billion in 2014[20] - The company's total liabilities decreased by 4.92% year-on-year, with short-term borrowings down by CNY 8.92 billion[76] User and Customer Engagement - User data showed a growth of 15% in active users, reaching a total of 200 million users by the end of Q3 2023[2] - Customer satisfaction ratings improved by 10%, indicating a positive response to recent product enhancements[188] - The company aims to reduce operational costs by 5% through efficiency improvements in the upcoming year[188]