WLCSP(SH:603005)2016-04-11 16:00Financial Performance - The company's operating revenue for 2015 was ¥575,718,355.28, a decrease of 6.51% compared to ¥615,810,322.31 in 2014[20]. - The net profit attributable to shareholders for 2015 was ¥113,275,303.59, down 42.30% from ¥196,310,877.99 in 2014[20]. - The basic earnings per share for 2015 was ¥0.50, a decline of 43.18% from ¥0.88 in 2014[21]. - The cash flow from operating activities for 2015 was ¥206,656,321.74, down 13.74% from ¥239,583,810.31 in 2014[20]. - The weighted average return on equity for 2015 was 6.95%, a decrease of 6.74 percentage points from 13.69% in 2014[21]. - The company reported a significant increase in financial expenses by 305.12%, mainly due to exchange rate fluctuations leading to increased foreign exchange gains[58]. - The company reported a total revenue of 16,362,064 RMB from a lawsuit related to a processing contract dispute[89]. - The company reported a total of 226,696,955 shares outstanding as of December 31, 2015, with 127,057,846 shares subject to trading restrictions, accounting for 56.05% of total shares[108]. - The company reported a total of 13,200 million, maintaining a stable performance compared to the previous year[139]. Assets and Liabilities - The total assets at the end of 2015 were ¥1,998,451,514.31, a decrease of 2.44% from ¥2,048,488,734.82 at the end of 2014[20]. - The net assets attributable to shareholders increased by 4.80% to ¥1,647,805,449.22 at the end of 2015 from ¥1,572,291,922.29 at the end of 2014[20]. - Total current assets decreased from ¥1,059,761,904.79 to ¥748,363,627.61, a decline of approximately 29.3%[174]. - Total non-current assets increased from ¥988,726,830.03 to ¥1,250,087,886.70, an increase of about 26.5%[176]. - Total liabilities decreased from ¥476,196,812.53 to ¥350,646,065.09, a decline of approximately 26.4%[177]. - Owner's equity increased from ¥1,572,291,922.29 to ¥1,647,805,449.22, an increase of about 4.8%[177]. Market and Industry Trends - The company experienced a decline in net profit due to increased market competition and rising operational costs[21]. - The company faced challenges due to the slowdown in global smartphone growth and increased labor costs[21]. - The semiconductor market in China grew by 19.7% in 2015, with integrated circuit sales reaching 360.98 billion yuan[66]. - The industrial control integrated circuit market in China grew by 33.9%, becoming the fastest-growing segment in 2015[67]. - The integrated circuit industry is a strategic and foundational sector for national economic development, with a target sales revenue exceeding RMB 350 billion by 2015[71]. Research and Development - Research and development expenses amounted to RMB 93,331,689.72, a decrease of 10.25% compared to the previous year[48]. - The total R&D investment amounted to ¥93,331,689.72, representing 16.21% of total revenue, with 309 R&D personnel, accounting for 27.39% of the total workforce[60][61]. - The company has developed various advanced packaging technologies, including ultra-thin wafer-level chip size packaging and silicon through-hole packaging, to meet market demands[40]. Shareholder and Governance - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months from the listing date[82]. - The company has a clear strategy for maintaining a balanced board and shareholder influence, which supports stable governance and decision-making processes[128]. - The board consists of 9 directors, with a balanced representation from major shareholders and independent directors, preventing any single shareholder from having substantial influence[128]. - The company has established a performance evaluation mechanism for senior management, linking bonuses directly to company performance[164]. Cash Flow and Investments - The total investment cash flow net amount was -¥535,189,974.91, a decrease of 74.03% compared to the previous year, mainly due to asset acquisition payments[62]. - Cash inflow from operating activities totaled CNY 708,018,195.42, an increase from CNY 655,128,419.04 in the previous year, representing an increase of approximately 8.3%[192]. - Cash outflow from investing activities amounted to CNY 921,036,969.76, compared to CNY 329,551,572.16 in the previous year, reflecting a significant increase of approximately 179.5%[192]. Legal and Compliance - The company has a non-standard audit report from the accounting firm, but the board has stated that it is not applicable for further explanation[86]. - The company received a fine of RMB 50,000 due to environmental violations related to the operation of its wastewater treatment facilities[90]. - The company is involved in ongoing litigation with Beijing Sibike Microelectronics, claiming 3,825,535.95 RMB for unpaid goods[89]. Employee and Management - The total number of employees is 606.81, indicating a consistent workforce size[139]. - The company has implemented a performance-oriented compensation management system to align employee growth with corporate development strategies[149]. - Total compensation for all directors, supervisors, and senior management during the reporting period amounted to CNY 6.0681 million[145].