WISCOM(SZ:002090)2016-03-07 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,241,388,364.28, representing a 5.28% increase compared to CNY 1,179,081,319.68 in 2014[18]. - Net profit attributable to shareholders was CNY 130,296,222.42, a 21.26% increase from CNY 107,455,341.63 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 78,776,191.80, up 32.58% from CNY 59,418,326.88 in 2014[18]. - The basic earnings per share increased by 14.29% to CNY 0.5982 from CNY 0.5234 in 2014[18]. - Total assets at the end of 2015 reached CNY 2,642,440,104.35, a 60.21% increase from CNY 1,649,401,916.30 at the end of 2014[18]. - Net assets attributable to shareholders rose by 49.03% to CNY 1,074,818,456.86 from CNY 721,209,002.66 in 2014[18]. - The net cash flow from operating activities decreased by 29.11% to CNY 13,921,493.18 from CNY 19,637,071.41 in 2014[18]. - The weighted average return on equity was 16.81%, slightly up from 16.45% in the previous year[18]. Business Expansion and Investments - The company has been actively expanding its business in the renewable energy sector, including investments in photovoltaic power stations[16]. - The company reported a 224.16% increase in fixed assets, primarily due to the completion of the 49.5MW wind power project in Xinjiang, which was transferred to fixed assets[29]. - Intangible assets increased by 133.17%, attributed to the acquisition of 51% stakes in two companies, adding land use rights and patents to the balance sheet[29]. - The company acquired 100% of Bul-Group 2000 LTD and 51% of two other companies, leading to a significant increase in goodwill by 132.76%[29]. - The company successfully operated three solar power plants in Bulgaria, totaling 10MW, marking a significant international investment[28]. - The company is focused on energy and smart city sectors, providing automation products and IT services, with major clients including state-owned power companies[26][27]. - The company aims to enhance its market position through continuous innovation and development of high-quality smart grid solutions[31]. - The company has a strategic focus on expanding its renewable energy investments, including solar and wind projects, to strengthen its operational capabilities[28]. Revenue and Cost Analysis - The power automation business generated ¥591,143,486.29, accounting for 47.62% of total revenue, with a year-on-year growth of 10.43%[55]. - IT business revenue decreased by 2.48% to ¥566,718,327.08, representing 45.65% of total revenue[52]. - New energy investment operations revenue increased by 14.40% to ¥18,169,156.11, contributing 1.46% to total revenue[52]. - The gross margin for the power automation business was 41.65%, up from 40.80% in the previous year[55]. - The gross margin for IT services related products was 20.04%, showing an increase from the previous year[55]. - The company's total operating costs for 2015 were ¥1,020,000,000, reflecting a 5.00% increase from the previous year[59]. Research and Development - The company has maintained annual R&D investment at over 8% of sales, with over 100 patents and software copyrights[35]. - The company has formed strategic partnerships with leading universities and research institutions to enhance its R&D capabilities[34]. - The company launched several new R&D projects in smart grid and smart city sectors, including a key project recognized by the National Development and Reform Commission[68]. - Research and development investment increased by 5.78% to ¥106,759,400.33, with the number of R&D personnel rising by 13.78% to 256[69]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, based on a total of 231,718,904 shares[5]. - The cash dividend policy has been consistently maintained, with a distribution of 1.00 CNY per 10 shares in 2013, totaling 20.40 million CNY, and 1.50 CNY per 10 shares in 2014, totaling 31.18 million CNY[128]. - The total cash dividend distributed for 2015 was CNY 34,757,835.60, representing 100% of the profit distribution[130]. - The cash dividend payout ratio decreased from 29.02% in 2014 to 26.68% in 2015, despite an increase in net profit[129]. Strategic Initiatives - The company has established a smart city business incubation fund, exploring innovative business models in smart parking and environmental protection[45]. - The company is committed to using the raised funds to supplement its working capital, ensuring operational stability[91]. - The company has engaged in various asset management plans to optimize its financial structure and investment strategies[175]. - The company is focusing on expanding its market presence through strategic partnerships and potential acquisitions[177]. Compliance and Governance - The company has established a transparent profit distribution policy to enhance shareholder returns and ensure compliance with regulatory requirements[125]. - The company held multiple investor relations activities throughout 2015, including site visits and phone communications with institutional investors[120]. - The company has implemented a quality management system certified by ISO9001:2000, ensuring product quality and customer satisfaction[187]. - The company has established a harmonious labor relationship by providing a fair working environment and comprehensive employee benefits[185].