Eastcompeace(SZ:002017)2016-06-03 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,439,347,993, representing an increase of 11.84% compared to CNY 1,287,020,629 in 2014[16]. - The net profit attributable to shareholders was CNY 64,317,702.11, up 11.73% from CNY 57,563,768.25 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 56,677,243.96, reflecting a growth of 21.68% compared to CNY 46,578,389.77 in 2014[16]. - The basic earnings per share for 2015 was CNY 0.1855, an increase of 11.68% from CNY 0.1661 in 2014[16]. - The total revenue for 2015 was ¥1.439 billion, representing a year-on-year increase of 11.84%[33]. - The net profit attributable to shareholders for 2015 was ¥64.32 million, up 11.73% compared to the previous year, with earnings per share at ¥0.1855[33]. - The company reported a total comprehensive income of ¥71,697,289.42, compared to ¥56,122,970.45 in the previous period, indicating an increase of 27.83%[198]. Assets and Liabilities - The total assets at the end of 2015 were CNY 1,546,378,792, a decrease of 1.89% from CNY 1,576,099,105 at the end of 2014[17]. - The total liabilities decreased to CNY 722 million, down 11.8% from CNY 819 million[189]. - Shareholders' equity increased to CNY 825 million, up 9.0% from CNY 757 million[190]. - Total operating revenue for the current period reached ¥1,439,347,993.07, an increase of 11.85% compared to ¥1,287,020,629.20 in the previous period[196]. - Total liabilities decreased to ¥706,492,112.80 from ¥808,151,928.72, a reduction of approximately 12.57%[197]. - Total equity increased to ¥804,076,094.82 from ¥755,659,841.12, reflecting a growth of 6.42%[197]. Cash Flow - The net cash flow from operating activities was CNY 178,486,915.50, representing a growth of 3.74% compared to CNY 172,052,003.11 in 2014[16]. - The net cash flow from operating activities improved dramatically from -¥124.98 million in Q1 to ¥325.62 million in Q4, indicating a turnaround in cash generation[21]. - Operating cash inflow was ¥1,751,883,086.40, up 8.88% from ¥1,608,998,147.69 in the previous year[51]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, based on a total of 346,548,936 shares[4]. - The cash dividend per 10 shares proposed for 2015 is ¥0.3, reflecting the company's commitment to returning value to shareholders[72]. - The company has consistently maintained a cash dividend policy, with clear standards and procedures in place for distribution[68]. Market and Competition - The company faces challenges such as slowing domestic economic growth and increasing market competition, which may impact new business development[4]. - The company achieved a 104% completion rate of its sales target in the domestic communication market, maintaining its position as a mainstream supplier[34]. - The company plans to expand its market presence and invest in new product development to drive future growth[135]. Research and Development - The company continues to invest heavily in R&D, focusing on mobile payment, smart card security, and related technologies to enhance its competitive edge[27]. - Research and development investment totaled ¥114,945,551.60, representing 7.99% of total revenue, an increase from 7.11% in the previous year[50]. - The company is focusing on research and development of new technologies, with an investment of CNY 156 million allocated for 2016[135]. Governance and Compliance - The company has maintained the same accounting firm for three consecutive years, with an audit fee of 300,000 RMB[81]. - The company has a governance structure that complies with relevant laws and regulations, ensuring independent operation without interference from controlling shareholders[156]. - The audit committee ensured the independence of the audit process and conducted a thorough review of the financial statements[168]. Employee and Management - The total number of employees in the company is 2,297, with 1,943 in the parent company and 354 in major subsidiaries[150]. - The company emphasizes employee training and development, offering various training programs to enhance skills and management capabilities[152]. - The total remuneration for the company's board of directors, supervisors, and senior management during the reporting period amounts to 6.9796 million CNY[149]. Social Responsibility - The company actively supports social responsibility initiatives and community development[104]. - The company has participated in social welfare activities, balancing the interests of shareholders, employees, and society[158].