Kinwong(SH:603228)2017-04-25 16:00Financial Performance - The company's operating revenue for 2016 was RMB 3,283,195,794.98, representing a year-on-year increase of 22.63% compared to RMB 2,677,309,711.20 in 2015[19]. - The net profit attributable to shareholders of the listed company reached RMB 537,459,011.72, an increase of 27.22% from RMB 422,453,388.76 in the previous year[19]. - The net cash flow from operating activities was RMB 541,051,721.78, showing a decrease of 4.30% compared to RMB 565,345,288.27 in 2015[19]. - The total assets at the end of 2016 were RMB 4,336,863,776.47, a significant increase of 61.85% from RMB 2,679,633,631.41 at the end of 2015[19]. - The net assets attributable to shareholders of the listed company increased by 108.94% to RMB 2,861,502,895.24 from RMB 1,369,560,692.64 in 2015[19]. - Basic earnings per share for 2016 were RMB 1.49, up 27.35% from RMB 1.17 in 2015[20]. - The total profit for the year was ¥653,378,178.99, reflecting a growth of 28.98% compared to the previous year[44]. - The company reported a total comprehensive income of ¥537,459,011.72, up from ¥422,677,175.55 in 2015, showing a growth of 27.1%[190]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling RMB 163,200,000.00, based on a total share capital of 408,000,000 shares as of December 31, 2016[4]. - For the year 2016, the company plans to distribute cash dividends of RMB 163.2 million, which represents 30.37% of the net profit attributable to ordinary shareholders[99]. - In 2015, the company distributed cash dividends totaling RMB 100.8 million, amounting to RMB 2.80 per share, based on a total share capital of 360 million shares[98]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[6]. - The company has outlined various risks and countermeasures in the report, particularly in the section discussing future development[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[6]. Corporate Governance - The company has established a mechanism to avoid any potential competition with its controlling shareholders if they expand their business scope[106]. - The commitments made by the shareholders are effective from the date of signing and will remain valid as long as they are controlling shareholders of the company[107]. - The company has a complete governance structure, ensuring independent operation without interference from major shareholders[168]. Research and Development - The company invested RMB 12,789.57 million in R&D, focusing on technologies such as 24G/77G automotive radar microwave boards and HDI+ semi-flexible rigid boards, resulting in 16 new invention patents and 33 utility model patents in 2016[42]. - Research and development expenses increased by 38.86% to ¥127,895,709.57, indicating a focus on innovation[48]. - The company has a well-structured product line, with significant capabilities in rigid, flexible, and metal-based PCBs, enhancing its market competitiveness[34]. Environmental Responsibility - The company invested RMB 27.68 million in environmental protection during the reporting period, ensuring compliance with legal discharge standards[123]. - The company achieved a 100% compliance rate for pollutant discharge indicators as verified by local environmental protection authorities[126]. - The company has established a complete environmental management system in accordance with ISO 14001 standards[124]. Market Position and Strategy - The company focuses on the printed circuit board (PCB) industry, engaging in R&D, production, and sales of various types of PCBs, including double-sided and multi-layer rigid boards, flexible boards, and metal-based boards[27]. - The PCB industry is experiencing robust growth driven by increasing demand in downstream sectors such as consumer electronics and automotive industries[31]. - The company aims to expand its market share by responding to customized and personalized demands in the electronic information industry[77]. Shareholder Information - The total number of ordinary shareholders increased from 24,363 to 43,122 during the reporting period[141]. - The largest shareholder, Shenzhen Jinghong Yongtai Investment Co., Ltd., holds 152,014,080 shares, representing 37.26% of total shares[144]. - The company has a lock-up period of 36 months for shares held by major shareholders following the IPO[146]. Employee and Community Engagement - The company employed a total of 3,807 people across its subsidiaries in Longchuan, with 2,866 being local residents, representing 75.28% of the workforce[122]. - The company continues to hire labor from impoverished areas, contributing to local employment and alleviating poverty[122]. - The company has actively participated in poverty alleviation activities, directly funding impoverished areas with a total of RMB 450,000[123].