LPSK(SZ:002333)2016-04-24 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,080,167,412.47, a slight decrease of 0.01% compared to CNY 1,080,319,622.01 in 2014[16]. - Net profit attributable to shareholders for 2015 reached CNY 206,127,151.85, representing a significant increase of 283.81% from CNY 53,705,808.26 in 2014[16]. - The basic earnings per share for 2015 was CNY 0.82, up 290.48% from CNY 0.21 in the previous year[16]. - The weighted average return on equity for 2015 was 14.74%, an increase of 10.71 percentage points from 4.03% in 2014[16]. - The company achieved a net profit of CNY 206,127,200, representing a significant increase of 283.81% compared to the previous year[30]. - Total profit for the year was 241,593,069.03 CNY, a substantial increase from 65,054,067.50 CNY in the previous year, representing a growth of approximately 271.5%[172]. - The company reported a significant non-operating income of 281,336,184.51 CNY, compared to 530,536.07 CNY in the previous year, marking a substantial increase[172]. Assets and Liabilities - Total assets at the end of 2015 amounted to CNY 1,625,707,657.74, a decrease of 10.21% from CNY 1,810,564,308.21 at the end of 2014[16]. - Current liabilities totaled CNY 155,855,145.15, a significant reduction from CNY 471,448,407.47 in the previous period[165]. - The company’s total liabilities at the end of the year were CNY 1,330,128,937.91[191]. - The total non-current assets amounted to CNY 1,094,962,204.28, up from CNY 1,026,385,936.43, indicating an increase of about 6.7%[164]. Cash Flow - The company reported a net cash flow from operating activities of CNY -24,360,494.42 in 2015, a decline of 138.47% from CNY 63,321,643.71 in 2014[16]. - Cash flow from operating activities was 1,243,102,053.18 CNY, slightly up from 1,240,925,171.22 CNY in the previous year, indicating a marginal increase of approximately 0.1%[178]. - The net cash flow from investment activities was -72,324,295.26 CNY, a decrease from 92,345,894.86 CNY in the previous year, suggesting increased capital expenditures[184]. - The cash flow from operating activities showed a net inflow of 5,894,293.04 CNY, a significant drop from 67,356,350.46 CNY in the previous year, highlighting operational challenges[182]. Revenue Sources - The sales volume of building aluminum profiles decreased by approximately 10% year-on-year due to a decline in demand[30]. - The revenue from industrial aluminum profiles also saw a decline of about 4% year-on-year, impacted by a decrease in automobile sales[30]. - The revenue from aluminum casting rods increased by 84.63% year-on-year, reaching CNY 180,150,986.67[35]. - The proportion of revenue from industrial aluminum products decreased to 14.74% from 16.08% year-on-year[35]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2 per 10 shares to all shareholders, based on a total of 251,301,800 shares[5]. - In 2015, the company reported a cash dividend of 50,260,360 CNY, which represents 24.38% of the net profit attributable to shareholders[76]. - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares and to increase the share capital by 10 shares for every 10 shares held, pending shareholder approval[74]. Operational Challenges - The company faced operating losses in 2015 due to high costs from new plant projects, declining aluminum prices, and unexpected costs from relocating the old plant[69]. - The company recognized the risks of intense competition and price fluctuations in the aluminum industry, which could impact profitability[69]. - The company reported a significant increase in undistributed profits, which rose to CNY 432,100,732.77 from CNY 324,475,177.22, marking a growth of around 33.3%[166]. Investments and Projects - The company reported a total investment of CNY 7,000,000 during the reporting period, marking a 100% increase compared to the previous year[54]. - The annual production capacity project for 50,000 tons of aluminum extrusion materials is 95.75% complete, with a total investment of CNY 39,398,000[59]. - The company has invested RMB 11.5 million in working capital, fully utilized[60]. Governance and Management - The company has not reported any changes in its controlling shareholders during the reporting period[16]. - The company has maintained a consistent leadership structure with key personnel remaining in their roles for several years, ensuring continuity in management[130]. - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors, supervisors, and senior management[132]. Employee and Workforce Management - The company employed a total of 1,563 staff, with 916 in production, 324 in sales, and 180 in technical roles[136]. - The company has established a performance-based salary system to link employee compensation with work performance[138]. - The first phase of the employee stock ownership plan aims to raise a total of 50 million yuan, with 1,366,871 shares purchased, accounting for 0.5439% of the total share capital[89]. Compliance and Internal Controls - The company maintained zero significant internal control deficiencies in both financial and non-financial reporting for the reporting period[153]. - The internal control audit report confirmed that the company maintained effective internal controls in all material respects related to financial reporting as of December 31, 2015[154]. - The financial statements were approved by the board of directors on April 22, 2016, ensuring compliance with corporate governance standards[198].