KAILONG(SZ:002783)2017-04-11 16:00Dividend and Share Capital - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares (including tax) and to increase capital by 15 shares for every 10 shares held[6]. - The total number of shares for the dividend distribution is based on 83,470,000 shares[6]. - The company proposed a cash dividend of 8.00 CNY per 10 shares for the year 2016, totaling 66,776,000.00 CNY distributed to shareholders[111]. - In 2015, the cash dividend was 5.00 CNY per 10 shares, amounting to 41,735,000.00 CNY, which represented 42.76% of the net profit attributable to shareholders[110]. - The cash dividend for 2014 was 8.00 CNY per 10 shares, totaling 50,080,000.00 CNY, accounting for 46.74% of the net profit attributable to shareholders[110]. - The company's total distributable profit as of December 31, 2016, was 469,727,425.08 CNY, after accounting for the legal reserve and previous dividends[112]. - The company plans to increase its share capital by 15 shares for every 10 shares held, resulting in a total increase of 125,205,000 shares[112]. - The cash dividend payout ratio for 2016 was 61.39% of the net profit attributable to shareholders[110]. - The company has maintained a consistent cash dividend policy over the past three years, with clear standards and procedures in place[108]. - The company committed to a cash dividend ratio of no less than 35% of the distributable profits for each year from 2014 to 2016[119]. Financial Performance - The company's operating revenue for 2016 was ¥953,713,189.67, representing a 7.09% increase compared to ¥890,604,850.98 in 2015[18]. - The net profit attributable to shareholders for 2016 was ¥108,779,750.64, an increase of 11.46% from ¥97,593,761.01 in 2015[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥102,403,271.58, up 11.63% from ¥91,735,571.73 in 2015[18]. - The total assets at the end of 2016 were ¥1,897,563,871.64, an increase of 8.34% from ¥1,751,475,685.06 at the end of 2015[18]. - The net assets attributable to shareholders increased by 5.72% to ¥1,343,220,136.73 from ¥1,270,530,794.16 in 2015[19]. - The basic earnings per share for 2016 was ¥1.30, a decrease of 16.67% from ¥1.56 in 2015[18]. - The diluted earnings per share for 2016 was also ¥1.30, reflecting the same decrease of 16.67% from ¥1.56 in 2015[18]. - The weighted average return on equity for 2016 was 8.33%, down 5.33% from 13.66% in 2015[18]. - The company achieved a 41.09% increase in blasting services revenue, amounting to ¥93,057,051.85 in 2016 compared to ¥65,957,923.33 in 2015[53]. - The company reported a total revenue of 324,385,024 CNY and a net profit of 13,504,472 CNY for the period[89]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in its operational focus[17]. - The company operates multiple subsidiaries, including 麻城凯龙科技化工有限公司 and 荆门凯龙民爆器材有限公司, which contribute to its diversified business model[10]. - The company is focusing on expanding into downstream blasting services to diversify its business and mitigate market risks associated with ammonium nitrate[28]. - The company established a military defense company and participated in a fund company to invest in new energy vehicle components, expanding its development space[40]. - The company is currently expanding its technical center to establish a national-level technology center, which is still under construction[59]. - The company aims to improve operational efficiency through strategic partnerships and investments in technology[73]. - The company is committed to enhancing safety and compliance in its blasting services through rigorous monitoring and management practices[73]. - The company has plans for future market expansion and strategic acquisitions to enhance its service offerings[74]. - The company is focusing on smart manufacturing and modern information technology to improve safety levels in production and sales processes[93]. - The company aims to cultivate 3 to 5 leading enterprises with international competitiveness in the civil explosive industry over the next five years[94]. Research and Development - The company has a strong focus on R&D, with significant achievements in developing new products such as the emulsified explosive series and the expansion of production lines for these products[196]. - Research and development projects in 2016 included the automation upgrade of the expanded ammonium explosive production line, which has been completed to enhance production efficiency and safety[59]. - R&D investment increased by 13.64% to ¥30,080,453.79 in 2016, with R&D personnel rising by 6.90% to 124[61]. - The company has allocated 100 million RMB for research and development in 2017, focusing on innovative technologies in the chemical sector[200]. - New product development includes a line of eco-friendly chemical products, expected to launch in Q3 2017, projected to contribute an additional 200 million RMB in revenue[200]. Market and Sales - The revenue from civil explosives accounted for 52.49% of total revenue, while the profit from this segment constituted 70.16% of the overall profit[42]. - The company’s ammonium nitrate sales volume increased by 13.48% to 158,645 tons, reflecting robust demand in production lines for explosives and fertilizers[50]. - The company signed a sales contract for a total of no more than 48,000 tons of civil explosive materials for 2016, with an expected contract amount of 24,820.30 million yuan, which did not exceed the initial estimated amount[134]. - The company has established partnerships with several subsidiaries for sales and operational management, enhancing its market presence[134]. - The company is involved in daily transactions with a total value of 1,398.7 million yuan related to explosive materials[133]. Corporate Governance and Compliance - The company emphasizes employee welfare by providing social insurance and regular health check-ups[157]. - The company has implemented a comprehensive internal control system to protect the rights of shareholders, particularly minority shareholders[156]. - The company has maintained a good social credit standing, receiving multiple honors such as "Hubei Province Excellent Credit Customer" and "National Contract-abiding and Trustworthy Enterprise"[130]. - There were no significant lawsuits or arbitration matters during the reporting period[128]. - The company has fulfilled its commitments to shareholders regarding stock price stabilization, with no violations reported[120]. Community Engagement and Social Responsibility - The company donated a total of 300,000 yuan for the construction of a photovoltaic power station and road improvements in Wengfeng Village, benefiting the local community[150]. - A total of 689 registered impoverished individuals were lifted out of poverty through the company's targeted poverty alleviation efforts[151]. - The company invested 2.9 million yuan in vocational skills training, benefiting 400 individuals[151]. - The company provided 1.08 million yuan in financial aid to 23 impoverished students[151]. - In 2016, the company contributed 205,180 yuan to disaster relief efforts following severe flooding, including a total donation of 500,000 yuan to a charity organization[150].