TPC(SZ:002134)2016-03-30 16:00Financial Performance - The company's operating revenue for 2015 was ¥383,710,271.56, a decrease of 26.25% compared to ¥520,300,027.58 in 2014[20]. - The net profit attributable to shareholders for 2015 was a loss of ¥48,257,774.48, representing a decline of 595.04% from a profit of ¥9,748,176.67 in 2014[20]. - The basic earnings per share for 2015 was -¥0.20, a decrease of 600.00% compared to ¥0.04 in 2014[20]. - The weighted average return on equity was -8.84% in 2015, down 10.56% from 1.72% in 2014[20]. - The net profit attributable to shareholders was a loss of 48.26 million yuan, a decline of 595.04% year-on-year[39]. - The gross profit margin for the electronic components manufacturing industry was -2.03%, with a decrease of 7.05% year-on-year[49]. - The company reported a net loss with retained earnings dropping from CNY 1.68 million to a deficit of CNY 46.58 million[176]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2015, representing a year-over-year increase of 10%[139]. - The net profit for the year was 300 million yuan, which is a 15% increase compared to the previous year[139]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥47,514,537.60, up 2,038.14% from ¥2,222,236.56 in 2014[20]. - The total cash inflow from operating activities decreased by 11.72% to ¥447,838,814.67, while cash outflow decreased by 20.74% to ¥400,324,277.07[60]. - The net cash flow from investment activities turned negative at -¥12,627,603.67, a decrease of 172.24% compared to the previous year[60]. - The net cash flow from financing activities improved by 59.86% to -¥10,658,044.38, despite a significant decrease in total loan scale[60]. - The net increase in cash and cash equivalents was ¥24,567,343.72, a significant improvement of 472.26% from the previous year[60]. - The company's cash and cash equivalents at the end of 2015 amounted to ¥95,914,989.93, representing 13.36% of total assets, an increase of 2.15% from 2014[66]. - Total assets at the end of 2015 were ¥718,130,626.89, down 11.98% from ¥815,826,926.36 at the end of 2014[20]. - The total cash outflow from operating activities was CNY 400,323,066.07, compared to CNY 505,047,828.93 in the previous period, showing a reduction in operational costs[190]. Revenue Breakdown - Domestic revenue accounted for 45.13% of total revenue at ¥173,183,661.31, down 29.50% from ¥245,650,395.23 in 2014[47]. - Overseas revenue was ¥210,526,610.25, making up 54.87% of total revenue, which decreased by 23.35% from ¥274,649,632.35 in 2014[47]. - The company reported a 33.31% decrease in accounts receivable, primarily due to a decline in total sales[33]. Research and Development - Research and development investment amounted to ¥14,212,753.16, a decrease of 25.12% from ¥18,981,746.75 in 2014, representing 3.70% of total operating revenue[58]. - The number of R&D personnel decreased to 85, accounting for 6.57% of the workforce, an increase of 1.14% from the previous year[58]. - The company has allocated 100 million yuan for research and development in 2016, focusing on innovative technologies[139]. Management and Governance - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company has maintained a consistent policy of not distributing dividends over the past three years due to negative or minimal profits[86][87][89]. - The auditing firm for the company is Ruihua Certified Public Accountants, with an audit fee of 400,000 yuan for the reporting period[95]. - The company has a transparent performance evaluation and incentive mechanism for its directors and senior management[152]. - The company has established a comprehensive training system covering various aspects such as safety, legal knowledge, and professional skills[146]. Market and Industry Outlook - The PCB industry in China is projected to account for 50% of the global total output value by 2020, up from 45% in 2014[31]. - The PCB industry faces significant market risks due to economic slowdown and structural adjustments, prompting the company to focus on cost control and product upgrades[81]. - The global PCB industry is expected to grow at a compound annual growth rate of 3.1% from 2014 to 2019, with HDI products projected to grow at 3.8%[74]. Employee and Shareholder Information - The total number of employees in the company is 1,293, with 1,066 in production, 36 in sales, 85 in technical roles, 9 in finance, and 97 in administration[144]. - The company has a total compensation of 114.42 million for its board members and senior management during the reporting period[145]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[120]. Internal Control and Compliance - The internal control self-assessment report indicated that 100% of the total assets and operating income of the evaluated units were included in the company's consolidated financial statements[166]. - There were no significant internal control deficiencies identified during the reporting period, with zero major or important deficiencies reported in both financial and non-financial reports[167]. - The audit opinion for the financial statements was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2015[170].