罗普斯金(002333) - 2016 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2016 was CNY 977,172,460.43, a decrease of 9.54% compared to CNY 1,080,167,412.47 in 2015[16] - The net profit attributable to shareholders for 2016 was CNY 140,822,034.77, down 31.68% from CNY 206,127,151.85 in the previous year[16] - The basic earnings per share for 2016 was CNY 0.28, a decrease of 31.71% compared to CNY 0.41 in 2015[16] - The company reported a net profit of CNY -4,478,146.07 in Q1 2016, followed by a profit of CNY 149,827,667.09 in Q2, and a loss of CNY -7,947,850.51 in Q3[20] - The company’s weighted average return on equity for 2016 was 9.32%, down from 14.74% in 2015[16] - The company reported a total profit of CNY 196,295,088.03, down 18.8% from CNY 241,593,069.03 year-on-year[185] - Operating profit was recorded at CNY -37,570,802.50, slightly improved from CNY -38,750,722.90 in the previous period[185] Cash Flow and Investments - The net cash flow from operating activities for 2016 was CNY -33,373,308.97, compared to CNY -30,987,032.14 in 2015, indicating a worsening cash flow situation[16] - Operating cash inflow decreased by 7.95% to ¥1,144,297,760.81, while operating cash outflow decreased by 6.42% to ¥1,186,064,065.09[53] - The net cash flow from operating activities was -¥41,766,304.28, a 71.45% increase in loss compared to the previous year[54] - Investment cash inflow increased by 18.08% to ¥1,462,527,398.22, while investment cash outflow rose by 6.67% to ¥1,378,471,704.09[54] - The total amount of cash and cash equivalents decreased by ¥7,970,626.48, a reduction of 33.33% compared to the previous year[54] - Cash inflow from investment activities totaled CNY 1,462,527,398.22, an increase from CNY 1,238,580,147.57, reflecting a growth of about 18.1%[193] - Cash outflow from financing activities was CNY 50,260,360.00, down from CNY 75,390,540.00, a reduction of approximately 33.3%[193] Assets and Liabilities - Total assets at the end of 2016 reached CNY 1,762,229,439.94, reflecting an increase of 8.40% from CNY 1,625,707,657.74 in 2015[16] - Total liabilities amounted to CNY 201,815,252.58, compared to CNY 155,855,145.15 at the beginning of the year, reflecting a 29.5% increase[179] - Owner's equity reached CNY 1,560,414,187.36, up from CNY 1,469,852,512.59, marking a growth of 6.1%[179] - Current assets totaled CNY 654,993,101.38, an increase of 23.4% from CNY 530,745,453.46 at the start of the year[177] - Total equity rose to CNY 1,601,157,157.75, compared to CNY 1,485,848,960.88 in the previous year, indicating a growth of 7.7%[185] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 50,260,360.00 based on 502,603,600 shares[5] - The company reported a cash dividend of CNY 50,260,360 for the year 2016, which represents 100% of the distributable profit of CNY 546,848,522.24[82] - The cash dividend per 10 shares is CNY 1.00 (including tax), based on a total share capital of 502,603,600 shares[82] - The net profit attributable to ordinary shareholders for 2016 was CNY 140,822,034.77, with a cash dividend payout ratio of 35.69%[81] - In 2015, the cash dividend was also CNY 50,260,360, but the net profit attributable to ordinary shareholders was higher at CNY 206,127,151.85, resulting in a lower payout ratio of 24.38%[81] Business Operations and Market Position - The company’s main business includes the research, production, and sales of aluminum alloy cast rods and extruded profiles, with a focus on high-strength and durable materials[26] - The company is recognized as one of the top 10 domestic enterprises in building aluminum profiles and a leader in the aluminum alloy window market[30] - The company’s revenue growth has been driven by market demand and its own product development, although recent economic downturns have affected profitability[28] - The company’s future growth is expected to be supported by industry development and technological innovation, particularly in aluminum extrusion and deep processing[28] - The company has implemented a dual business model, focusing on both self-branded products and custom manufacturing for clients[27] Research and Development - Research and development (R&D) investment was ¥51,706,802.46, which is 5.29% of operating revenue, an increase from 4.76% in the previous year[51] - The number of R&D personnel decreased by 23.83% to 147, while the proportion of R&D personnel in total staff was 10.27%[52] - The company has established over 700 patents for its self-branded products, enhancing its market presence in the Yangtze River Delta region[26] Management and Governance - The company has maintained its auditor, Ernst & Young Hua Ming, for 10 consecutive years[91] - The company has a total of 6 current supervisors, with Yang Longmei serving as the chairwoman of the supervisory board since 2007[141] - The financial director, Yang Deyu, has been with the company since July 2015, bringing prior experience from Ningbo Joyson Electronic Corp[143] - The company has maintained a stable management team with key positions held since 2007, indicating continuity in leadership[139] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.96 million[146] Risks and Challenges - The company faces risks from macroeconomic fluctuations and increased competition in the aluminum profile processing sector, which may impact performance[75] - The company’s main raw material, aluminum ingots, constitutes a significant portion of production costs, making it sensitive to price fluctuations[75]