GOODIX(SH:603160)2017-04-07 16:00Financial Performance - The company's operating revenue for 2016 reached RMB 3,079,331,261.46, representing a 175.04% increase compared to RMB 1,119,601,256.54 in 2015[22] - The net profit attributable to shareholders of the listed company was RMB 856,824,030.01, an increase of 126.46% from RMB 378,353,104.14 in the previous year[22] - Basic earnings per share increased by 121.05% to CNY 2.10 in 2016 compared to CNY 0.95 in 2015[24] - Total revenue for Q4 2016 reached CNY 958,118,903.12, with net profit attributable to shareholders at CNY 254,565,000.92[26] - The company achieved a revenue of ¥3,079,331,261.46, representing a year-on-year growth of 175.04%[41] - The net profit attributable to shareholders was ¥856,824,030.02, with a year-on-year increase of 126.46%[41] - Operating profit for the period was CNY 881,769,281.77, compared to CNY 391,165,982.62 in the previous period, indicating an increase of about 125.5%[190] - Total profit for the current period was ¥988,922,070.30, compared to ¥448,935,953.94 in the previous period, indicating an increase of about 120.0%[194] Assets and Liabilities - The total assets of the company at the end of 2016 amounted to RMB 3,215,246,444.55, reflecting a 130.83% increase from RMB 1,392,922,263.82 at the end of 2015[23] - The total equity attributable to shareholders increased to ¥2,734,623,420.66 from ¥1,172,017,130.71, showing a growth of approximately 133.4%[184] - Cash and cash equivalents at the end of the period amounted to CNY 1.10 billion, accounting for 34.32% of total assets, up 82.08% from the previous period[66] - Total liabilities rose to ¥478,743,877.64 from ¥219,020,701.87, which is an increase of about 118.5%[183] - Current assets totaled CNY 2,946,159,173.85, up from CNY 1,094,344,886.93, which is an increase of approximately 168.5%[186] Research and Development - The company invested ¥307,989,159.23 in R&D, accounting for 10% of its total revenue[43] - The company holds 878 patent applications and has 135 patents granted as of December 31, 2016, showcasing its strong R&D capabilities[34] - The company applied for a total of 520 patents during the reporting period, with 51 patents granted[43] - The company has a stable R&D team with 800 personnel, making up 85.38% of its total workforce[38] - Total R&D investment reached CNY 307.99 million, representing 10.00% of total revenue, with 800 R&D personnel making up 85.38% of the total workforce[61] Market and Industry Trends - The integrated circuit design industry in China saw a sales growth of 24.1% in 2016, reaching CNY 164.43 billion[30] - The fingerprint recognition chip market is expanding due to the rising adoption of mobile payment technologies, with a growing share in the payment market[32] - The capacitive touch screen chip market continues to grow, driven by the increasing production of smartphones and tablets in China[31] - The company was ranked sixth among the "Top Ten Integrated Circuit Design Enterprises" in China by the China Semiconductor Industry Association[41] Cash Flow and Dividends - The cash flow from operating activities showed a negative net amount of RMB -182,464,536.72, a decrease of 179.86% compared to RMB 228,472,711.78 in 2015[22] - The company plans to distribute a cash dividend of RMB 0.4 per share, totaling RMB 17,800,000, based on a total share capital of 445,000,000 shares as of December 31, 2016[4] - The company distributed cash dividends of RMB 0.4 per share for the year 2016, totaling RMB 178 million[94] - The cash dividends for 2015 were RMB 0.25 per share, amounting to RMB 100 million[98] Governance and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[3] - The company has established a structured approach to profit distribution, requiring independent directors to provide opinions on dividend proposals and ensuring that minority shareholders have opportunities to express their views[91] - The company maintains a transparent and fair performance evaluation and incentive mechanism for senior management[164] - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder interests[159] Risks and Challenges - The company faces industry risks, including cyclical fluctuations in the integrated circuit design sector due to macroeconomic changes[78] - Increased competition in the integrated circuit design industry may lead to reduced profit margins and market price declines[79] - The company faces risks related to technology innovation, including potential delays in R&D that could lead to resource wastage and missed market opportunities[80] - There is a risk of intellectual property litigation that could adversely affect the company's financial performance and sales if not managed properly[81] Employee and Management - The company employed a total of 937 staff members, with 800 in technical roles and 57 in sales[154] - The total remuneration for directors, supervisors, and senior management in 2016 amounted to 7.54 million yuan[151] - The remuneration for senior management in 2016 was 5.76 million yuan[150] - The company has implemented a leading salary strategy for key positions to prevent talent loss while managing labor costs[155] Future Outlook - The future outlook includes plans for market expansion and potential new product development, although specific details were not disclosed in the report[5] - The company aims to become a world-class innovative technology company, focusing on enhancing product competitiveness through independent research and development[73] - The company plans to expand its fingerprint recognition chip product line and maintain high growth in the capacitive touch technology sector[74] - The company intends to explore new market applications in the emerging IoT and wearable markets, investing in new sensor technologies and data transmission[76]