TECHMATION(SH:603015)2016-04-25 16:00Financial Performance - The company's operating revenue for 2015 was approximately ¥386.58 million, a decrease of 15.42% compared to ¥457.05 million in 2014[18]. - Net profit attributable to shareholders was approximately ¥67.07 million, down 25.32% from ¥89.80 million in 2014[18]. - Basic earnings per share decreased by 41.67% to ¥0.35 in 2015 from ¥0.60 in 2014[19]. - The weighted average return on equity dropped to 6.99% in 2015, down 10.22 percentage points from 17.21% in 2014[19]. - The gross profit margin for the plastic machinery industry was 41.69%, a decrease of 0.89 percentage points from the previous year[50]. - Total revenue for the year 2015 was 220,609,181.16 CNY, a decrease of 15.05% compared to the previous year[54]. - The company achieved operating revenue of ¥386,579,159.34, a decrease of 15.42% compared to the previous year[45]. - Net profit attributable to shareholders was ¥67,066,501.67, down 25.32% year-on-year[45]. Cash Flow and Assets - The company generated a net cash flow from operating activities of approximately ¥64.53 million, an increase of 19.41% from ¥54.04 million in 2014[18]. - Cash flow from operating activities increased by 19.41% to ¥64,533,161.29[48]. - The total assets increased by 65.29% to approximately ¥1.19 billion at the end of 2015, compared to ¥721.76 million at the end of 2014[18]. - The company’s cash and cash equivalents at the end of the period were 604,317,305.51 CNY, representing 50.66% of total assets, a 210.25% increase from the previous year[60]. - Total current assets reached CNY 984,163,730.54, up from CNY 564,093,674.68, indicating a growth of approximately 74.3%[196]. - Total liabilities decreased to CNY 126,669,479.46 from CNY 187,143,505.84, a reduction of about 32.2%[198]. - Shareholders' equity increased to CNY 1,066,336,634.25 from CNY 534,615,074.33, reflecting a growth of approximately 99.5%[198]. Research and Development - R&D expenses accounted for 11.31% of revenue in 2015, with 40.08% of the total workforce engaged in R&D activities[33]. - The company holds 90 authorized patents, including 11 invention patents, and has participated in drafting multiple national and industry standards[33]. - Research and development expenses rose by 3.61% to ¥43,738,285.35, reflecting ongoing investment in innovation[48]. Market Position and Strategy - The company has a stable market position in the domestic plastic machinery automation sector, holding the largest market share in control systems for injection molding machines[72]. - The company faces increasing competition in the servo system market, with a growing number of brands and intensified price competition due to economic conditions[72]. - The company plans to continue developing smart factory solutions to improve production management and competitiveness in the plastic machinery industry[28]. - The company aims for a revenue growth of 5% to 25% in 2016, driven by market expansion and new product recognition[78]. - The company plans to enhance the TECH5 series decentralized high-end control system and focus on applications in two-board machines and high-speed machines to drive sales[79]. Corporate Governance and Compliance - The company has a strong governance structure, with independent directors like 温学礼 and 张承瑞 providing oversight since 2015[160]. - The company adheres to legal requirements for corporate governance, ensuring the protection of shareholder rights and interests[128]. - The independent directors did not raise any objections to company matters during the reporting period, indicating a consensus on governance[184]. - The company has maintained a transparent information disclosure policy, ensuring all shareholders have equal access to information[177]. Shareholder Information - The profit distribution plan for 2015 proposes a cash dividend of RMB 1 per 10 shares, totaling RMB 20,010,000, and a capital reserve conversion of 200,100,000 shares, resulting in a total share capital of 400,200,000 shares[2]. - The cash dividend distribution for 2015 was based on a total share capital of 200,100,000 shares, with a payout ratio of 29.83% of the net profit attributable to shareholders[95]. - RED FACTOR LIMITED holds 120,699,600 shares, representing 60.32% of total shares, with 120 million shares pledged[143]. - The total number of ordinary shareholders at the end of the reporting period was 19,301, down from 20,688 at the end of the previous month[140]. Legal and Audit Matters - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company is involved in a legal dispute with Raytheon Electric Technology (Ningbo) Co., Ltd., with a total economic responsibility exceeding RMB 3.5 million, which will be borne by Red Factor Limited and others[110]. - There are no significant litigation or arbitration matters pending that could impact the company's financial status[109]. Employee and Management Information - The company employed a total of 519 staff, with 243 in the parent company and 276 in major subsidiaries[166]. - The total pre-tax compensation for all directors, supervisors, and senior management was 5.7832 million yuan (pre-tax) at the end of the reporting period[165]. - The management team includes experienced professionals, with 叶海萍 serving as CFO since November 2011, overseeing financial operations[160]. - Employee welfare is prioritized, with comprehensive training programs and a focus on creating a positive work environment[132].