CENTER INT(SH:603098)2017-04-13 16:00Financial Performance - The company's operating revenue for 2016 was approximately ¥1.70 billion, representing a 58.19% increase compared to ¥1.07 billion in 2015[20]. - The net profit attributable to shareholders for 2016 was approximately ¥206.89 million, a 19.46% increase from ¥173.19 million in 2015[20]. - The total assets of the company at the end of 2016 were approximately ¥2.45 billion, reflecting a 57.85% increase from ¥1.56 billion at the end of 2015[21]. - The company's net assets attributable to shareholders increased by 64.54% to approximately ¥1.59 billion at the end of 2016, up from ¥968.68 million at the end of 2015[21]. - Basic earnings per share increased by 19.61% to CNY 0.61 compared to CNY 0.51 in the previous year[22]. - Net profit attributable to shareholders grew by 19.46%, driven by a significant increase in construction projects and revenue[22]. - The weighted average return on equity rose to 20.66%, an increase of 1.03 percentage points from the previous year[22]. - The gross profit margin for the main business decreased by 5.51 percentage points to 70.87% compared to the previous year[60]. - The company achieved a total operating revenue of RMB 1,696,061,774.99 in 2016, representing a year-on-year increase of 58.19%[54]. Cash Flow and Dividends - The cash flow from operating activities for 2016 was approximately ¥60.43 million, a decrease of 31.79% compared to ¥88.59 million in 2015[20]. - The company plans to distribute a cash dividend of ¥3.00 per 10 shares, totaling approximately ¥120 million for the 2016 fiscal year[2]. - The cash dividend payout ratio for 2016 is set to be at least 20% of the distributable profit, with a minimum of 80% for mature companies without major capital expenditures[106]. - In 2016, the company paid out a total of 120,003,000 RMB in cash dividends, representing 58% of the net profit attributable to shareholders[109]. - The cash dividend distribution policy emphasizes prioritizing cash dividends over stock dividends, with specific ratios based on the company's development stage and capital expenditure plans[106]. Assets and Liabilities - Current assets amounted to RMB 2,124.96 million, growing by 65.97% year-on-year, while non-current assets increased by 20.00% to RMB 329.87 million[40]. - Cash and cash equivalents surged to RMB 671.29 million, a remarkable increase of 576.99%, primarily due to the arrival of raised funds[40]. - The company's total liabilities included a significant increase in accounts payable by 49.33% to ¥295,930,828.14, reflecting expanded operations and procurement[73][75]. - The capital reserve increased dramatically by 2,823.77% to ¥468,006,661.96, attributed to the premium from the public offering of shares[73][75]. Research and Development - The company holds 10 invention patents, 59 utility model patents, and 9 design patents, showcasing its commitment to innovation and technology[43]. - The company’s research and development expenditure increased by 48.63% to RMB 54,658,447.44 in 2016[56]. - Research and development expenses totaled CNY 54,658,447.44, accounting for 3.22% of total revenue, with 186 R&D personnel making up 32.69% of the workforce[70]. Market and Business Development - The company’s main business includes the research, production, and sales of green and energy-saving building materials, with a focus on metal enclosure systems[28]. - The environmental protection industry, including noise barrier systems, is expected to grow significantly, with investments projected to exceed CNY 17 trillion during the 13th Five-Year Plan[37]. - The company established an international department in 2016 to expand into international markets, leveraging opportunities from the "Belt and Road" initiative[62]. - The company aims to enhance its product variety and improve competitiveness through increased R&D investment, targeting the green building sector[96]. Corporate Governance and Compliance - The audit report for the company was issued by Huapu Tianjian Accounting Firm, confirming the accuracy of the financial statements[4]. - The company has established a governance structure that includes a board of directors, a supervisory board, and specialized committees to ensure effective decision-making and oversight[187]. - The company has not faced any issues regarding independence or competition with controlling shareholders[200]. - The company has received GB/T28001-2001 occupational health and safety management system certification, indicating effective safety measures in place[79]. Legal Matters and Risks - The company is actively pursuing legal actions to recover overdue payments and enforce contractual obligations[125]. - The company faces risks from macroeconomic fluctuations and policy changes that could impact fixed asset investment and project timelines[100]. - The company is exposed to risks from price fluctuations of key raw materials, which constitute a significant portion of procurement costs[101]. Shareholder Structure and IPO - The company issued a total of 62.51 million shares in its initial public offering, increasing the total share capital from 337.5 million shares to 400.01 million shares[143]. - The issuance price for the new shares was set at RMB 9.18 per share, resulting in total funds raised of RMB 573,841,800[144]. - The top shareholder, Liu Aisen, holds 141,689,850 shares, representing 35.42% of the total shares[157]. - The company has established a strategic focus on optimizing its financial structure and increasing its risk resistance capabilities through this public offering[154]. Employee and Management - The company has a total of 425 technical personnel, 148 sales personnel, and 114 production personnel among its employees[182]. - The management team consists of experienced professionals with extensive backgrounds in the construction and steel structure industries[177]. - The company has implemented a five-in-one training model to enhance management skills and employee capabilities[185].