NSU(SZ:002089)2015-03-19 16:00Financial Performance - The company achieved total revenue of CNY 1.142 billion in 2014, an increase of 38.72% compared to CNY 823 million in 2013[28]. - Net profit attributable to shareholders was CNY 134.14 million, up 57.16% from CNY 85.35 million in the previous year[28]. - The net profit excluding non-recurring gains and losses reached CNY 76.57 million, a significant increase of 223.73% from CNY 23.65 million in 2013[28]. - The total assets at the end of 2014 were CNY 3.54 billion, reflecting a growth of 58.47% from CNY 2.23 billion at the end of 2013[28]. - The company’s main business revenue was CNY 1.127 billion, representing a growth of 38.07% year-on-year[29]. - The company’s communication business revenue reached CNY 563 million in 2014, reflecting a year-on-year growth of 46.47%[52]. - The LED product revenue surged to CNY 143 million, marking a remarkable increase of 403.30% compared to the previous year[46]. - The company’s software business achieved total revenue of CNY 406 million, with mobile gaming emerging as a significant contributor to performance[54]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares to all shareholders based on a total share capital of 572,779,007 shares as of December 31, 2014[5]. - The total cash dividend amount is RMB 17,183,370.21, which accounts for 100% of the total distributable profit of RMB 446,675,558.06[109]. - The company has committed to conducting annual cash dividends for the next three years, ensuring a sustainable return to investors[103]. - The company aims to maintain a minimum cash dividend ratio of 40% during profit distribution due to significant capital expenditure arrangements[108]. - The company’s profit distribution policy has been revised to prioritize cash dividends over stock dividends, ensuring a clear and transparent decision-making process[102]. Ownership and Capital Structure - The company issued 130,212,447 new shares at a par value of 1 RMB per share, increasing the total share capital to 572,779,007 shares[184]. - Major shareholders include Zhang Yibin with an 18.05% stake and Ma Lingzhi with a 16.46% stake, both having increased their holdings due to the rights issue[193]. - The company’s domestic natural person holdings increased to 166,970,306 shares, representing 29.15% of total shares[184]. - The company’s total number of shares before the issuance was 442,566,560[184]. - The company’s registered capital increased from RMB 442,566,560 to RMB 572,779,007 following the issuance of 130,212,447 new shares[188]. Strategic Focus and Growth - The company is focused on expanding its market presence and exploring potential mergers and acquisitions to enhance its competitive edge[21]. - The company has committed to ongoing research and development of new products and technologies to drive future growth[21]. - The company is focusing on new product development and technological advancements in the software and communication sectors to enhance competitiveness[83]. - The company plans to complete the first batch of data center construction in 2015 and will launch subsequent plans based on market conditions[92]. - The company has established strategic partnerships with notable LED firms, enhancing its market presence and product demand[57]. Project Management and Investments - The company decided to terminate the "3G-based video surveillance system project" due to significant changes in market feasibility and a decline in market acceptance, which was approved in the third extraordinary general meeting of shareholders in 2014[75]. - The "4G communication equipment production base construction project" was changed to the "cloud data center construction project" due to a compression in expected benefits from the 4G business market, also approved in the third extraordinary general meeting of shareholders in 2014[75]. - The company has delayed deliveries due to customer project progress, affecting contracts with various partners[167]. - The company has made decisions regarding the completion of previous fundraising investment projects and the allocation of surplus funds to new projects[64]. - The company reported a significant increase in the efficiency of project cost control, leading to savings in project expenditures due to optimized resource utilization[76]. Corporate Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, ensuring transparency for investors[4]. - The company has established a comprehensive regulatory framework to ensure shareholder rights and improve corporate governance[110]. - There were no major litigation or arbitration matters during the reporting period[116]. - The company has not faced any administrative penalties during the reporting period[113]. - The company has clarified media allegations regarding related party transactions and has taken steps to protect investor interests[117]. Research and Development - The company has committed to continuous research and development to adapt to rapid market changes in product offerings[75]. - The company’s R&D expenditure reached ¥74,995,456.84, accounting for 4.25% of the total equity attributable to shareholders and 6.57% of the total revenue for the latest audited period[41]. - The company aims to enhance product competitiveness by improving process technology to reduce costs and increase the value of epitaxial wafers and chips[94]. Leasing and Property Management - The company has a total of 15 leasing contracts signed with different companies for office space usage[138]. - The company signed a lease agreement with Suzhou Jia Temin Trading Co., Ltd. for office space at a monthly rent of 15 RMB/square meter, with a lease term of 36 months starting from November 16, 2013[146]. - The company has a lease agreement with Shenzhen Yisoft Technology for a total area of 3,600.06 square meters at a monthly rent starting at CNY 60 per square meter, with a lease term from October 15, 2010, to October 14, 2015[158]. - The company has entered into multiple leasing agreements, with monthly rents ranging from 13 RMB to 25 RMB per square meter, for various office spaces in Suzhou[138][139][140][141][142][143]. External Guarantees - The total external guarantee amount approved during the reporting period was CNY 73,000 million, with actual guarantees amounting to CNY 50,600.3 million[166]. - The company has not provided guarantees for shareholders, actual controllers, or their related parties[166]. - The company has a guarantee of CNY 12,999 million for external parties, with a total approved guarantee amount of CNY 32,000 million[165]. - The company has provided guarantees for Shenzhen Yiruan Technology totaling CNY 35,000 million, with actual guarantees of CNY 13,773.3 million[166].