OIMEC(SZ:002819)2017-04-05 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 113,340,000 shares[4]. - The company reported a cash dividend distribution of 11,334,000 RMB for 2016, which represents 36.85% of the net profit attributable to ordinary shareholders[88]. - The cash dividend for 2015 was 8,500,000 RMB, accounting for 27.38% of the net profit attributable to ordinary shareholders[88]. - The company has a cash dividend policy that mandates a minimum of 80% of profits to be distributed as cash dividends during mature development stages[89]. - The company’s total share capital is 113,340,000 shares, with a proposed cash dividend of 1.00 RMB per 10 shares for 2016[86]. Financial Performance - The company's operating revenue for 2016 was ¥665,895,747.17, representing a 10.25% increase compared to ¥603,959,872.57 in 2015[17]. - The net profit attributable to shareholders for 2016 was ¥30,758,699.24, a slight decrease of 0.93% from ¥31,048,697.75 in 2015[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 12.39% to ¥27,531,340.21 in 2016 from ¥24,496,572.52 in 2015[17]. - The total profit for 2016 was RMB 36,368,650.39, a decrease of 0.58% compared to the previous year[43]. - The company achieved a total operating revenue of ¥665,895,747.17 in 2016, representing a year-on-year increase of 10.25% compared to ¥603,959,872.57 in 2015[49]. Assets and Liabilities - Total assets at the end of 2016 reached ¥497,017,496.79, a 36.48% increase from ¥364,161,027.78 at the end of 2015[18]. - The net assets attributable to shareholders increased by 42.37% to ¥423,155,184.34 in 2016 from ¥297,220,085.10 in 2015[18]. - The company's cash and cash equivalents at the end of 2016 amounted to 260,367,459.6 CNY, which is 52.39% of total assets, up from 44.05% in 2015[62]. - The total current liabilities increased to CNY 71,541,591.97 from CNY 64,800,758.44, which is an increase of about 10.7%[196]. - Total liabilities increased to ¥71,791,591.97 from ¥65,050,758.44, representing a growth of approximately 26.5%[197]. Operational Highlights - The company operates in the electronic measurement instrument sector, providing a one-stop comprehensive service model that includes instrument sales, leasing, and system integration[26]. - The company has established multiple subsidiaries across major cities in China, enhancing its operational capabilities and customer reach[8]. - The company is focused on expanding its market presence and enhancing its product offerings in the electronic measurement and testing sector[10]. - The company aims to help clients reduce business and testing costs while improving work efficiency and testing effectiveness through its comprehensive service offerings[26]. - The company has a multi-brand and multi-variety operating model, supported by a professional team for localized service and a robust financial management system[26]. Research and Development - The annual report outlines the company's commitment to research and development in new technologies and products, aiming to meet diverse customer needs[10]. - Research and development investment increased to ¥16,567,991.34, up 11.05% from ¥14,920,028.96 in 2015, representing 2.49% of total operating revenue[58]. - The company obtained 8 new software copyrights, bringing the total to 54[44]. - The company has developed multiple testing application systems, obtaining 46 software copyrights, and has accumulated extensive experience in electromagnetic compatibility testing and solar photovoltaic testing systems[34]. - The company plans to enhance its product coverage in strategic emerging industries, focusing on semiconductor testing solutions and advanced power testing systems[44]. Market Strategy - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to bolster its competitive advantage in the market[10]. - The company aims to improve customer satisfaction and drive sales growth through enhanced technical service business centered on maintenance[44]. - The company plans to enhance its marketing strategies and expand its product line to include solutions for automotive electronics, new energy, and advanced manufacturing sectors[78]. - The company faces risks from macroeconomic fluctuations that could impact market demand, necessitating an expansion of its marketing service network[79]. - The company is committed to continuous innovation in technology and business models to maintain its competitive edge in the electronic measurement instrument service market[80]. Governance and Compliance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring accountability for the report's accuracy and completeness[3]. - The financial report is prepared in accordance with the relevant laws and regulations, ensuring compliance and transparency in financial disclosures[9]. - The company has maintained the same accounting policies and estimates as the previous year, with no changes reported[97]. - The company has established independent governance structures, including a shareholders' meeting, board of directors, and supervisory board, all operating independently from controlling shareholders[171]. - The company maintains independence in business, personnel, assets, and financial matters from its controlling shareholders[166][169]. Shareholder Information - The company has a diverse shareholder structure, with significant holdings from domestic and foreign investors, including 28.24% from foreign investors[125]. - The largest shareholder, Oriental Science Instrument Holdings Group Co., Ltd., holds 26.54% of the shares, totaling 30,080,670 shares[130]. - Orix Technology Leasing Co., Ltd. is the second largest shareholder with a 25.50% stake, amounting to 28,900,000 shares[130]. - The top five customers contributed ¥63,205,002.20, which is 9.52% of total sales, with Lenovo Group being the largest customer at ¥30,851,983.33[54]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[96]. Employee and Management - The total number of employees in the parent company is 179, with a total of 279 employees across the main subsidiaries[157][158]. - The company has 108 sales personnel, 58 technical personnel, 15 financial personnel, and 17 administrative personnel, totaling 279 employees[158]. - The total compensation for directors and senior management during the reporting period amounts to 254.08 million[156]. - The company aims to optimize its compensation management system to enhance market competitiveness and attract external talent[159]. - A training plan is in place to improve employees' skills and management capabilities, aligning with the company's strategic goals[160]. Internal Control and Audit - The audit report issued by Ruihua Certified Public Accountants confirmed that the financial statements fairly reflect the company's financial position and results of operations for the year ended December 31, 2016[192]. - There were no significant internal control deficiencies identified during the reporting period, with all financial and non-financial report deficiencies recorded as zero[180]. - The internal control report for Beijing Oriental Zhongke Integrated Technology Co., Ltd. was disclosed on April 6, 2017, and received a standard opinion with no significant deficiencies noted in non-financial reporting[183]. - The company has maintained effective internal controls in accordance with the relevant standards as of December 31, 2016[182]. - The supervisory board reported no risks identified during its oversight activities in the reporting period[178].