Silver Basis Technology(SZ:002786)2016-04-24 16:00Financial Performance - The company's operating revenue for 2015 was ¥2,401,828,045.71, representing a 27.26% increase compared to ¥1,887,300,734.65 in 2014[19]. - The net profit attributable to shareholders for 2015 was ¥76,102,470.51, up 24.46% from ¥61,143,761.53 in 2014[19]. - The net profit after deducting non-recurring gains and losses was ¥63,207,393.41, a 6.67% increase from ¥59,257,666.86 in 2014[19]. - Basic earnings per share for 2015 were ¥0.80, a 25.00% increase from ¥0.64 in 2014[19]. - The total profit amounted to ¥83,543,906.83, with a year-on-year increase of 17.58%[53]. - Net profit reached ¥75,829,904.16, reflecting a year-on-year growth of 22.75%[53]. - The company achieved a total sales revenue of ¥2,401,828,045.71, representing a year-on-year growth of 27.26%[53]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a 20% year-over-year growth[187]. - The company reported a revenue of 1.5 billion RMB for the fiscal year 2015, representing a year-over-year growth of 20%[199]. Cash Flow and Investments - The net cash flow from operating activities decreased by 31.19% to ¥76,398,951.98 from ¥111,032,353.38 in 2014[19]. - Operating cash inflow totaled ¥2,305,403,203.73, up 27.46% from ¥1,808,732,679.17 in 2014[81]. - Operating cash outflow increased to ¥2,229,004,251.75, a rise of 31.30% from ¥1,697,700,325.79 in 2014[81]. - Investment cash inflow dropped by 93.04% to ¥5,393,123.52 from ¥77,479,783.50 in 2014[81]. - Investment cash outflow rose by 34.10% to ¥179,969,204.62 from ¥134,203,867.17 in 2014[81]. - The company has committed a total investment of CNY 29,710.29 million in various projects, with a cumulative investment of CNY 20,460.53 million by the end of 2015[98]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1 RMB per 10 shares (before tax) and a capital reserve conversion of 20 shares for every 10 shares held[5]. - The company distributed a cash dividend of 12,708,000.00 CNY, which represents 16.70% of the net profit attributable to ordinary shareholders for the year 2015[119]. - The cash dividend policy stipulates that at least 20% of the profit distribution should be in cash, with a minimum of 10% of the distributable profit allocated as cash dividends each year[117]. - In 2015, the company achieved a net profit of 76,102,470.51 CNY, with a cash dividend payout ratio of 100%[119]. Market and Sales Performance - The company has expanded its market presence, particularly in South China, where revenue increased by 43.46% year-on-year to ¥1,621,857,112.10[57]. - The mold business sales volume increased by 10% to 1,845 sets in 2015 compared to 1,677 sets in 2014[58]. - Injection molding business sales volume rose by 10% to 10,686 thousand sets in 2015 from 8,905 thousand sets in 2014[58]. - The hardware business experienced a significant growth of 40%, with sales volume reaching 860,454 sets in 2015, up from 614,610 sets in 2014[58]. - The company is currently fulfilling contracts exceeding 500 million yuan, indicating strong sales performance[64]. Research and Development - R&D investment amounted to ¥87,632,298.83, reflecting a 30.70% increase compared to ¥67,046,100.00 in 2014[81]. - The company has invested 100 million yuan in research and development for new technologies[187]. - The company is actively pursuing new technologies and products to address market demands and improve operational efficiency[73]. - The company has developed comprehensive secondary development capabilities for application software, significantly reducing production cycles by over 10%[44]. - The company has established a CMF laboratory to explore new materials and surface treatment processes, achieving a 53.74% application rate[76]. Operational Efficiency and Cost Management - The company faces risks of declining product gross margins due to intense industry competition, which may lead to price reductions and rising costs[4]. - Labor costs have been increasing, impacting profitability; the company is developing new products and optimizing product structures to mitigate these effects[4]. - The company aims to improve operational efficiency by implementing new process standards, projected to reduce costs by 15%[196]. - The company is committed to improving product quality and increasing production capacity through advanced manufacturing techniques and automation[78]. Risk Management and Compliance - The company is committed to improving its internal control systems and risk management capabilities to ensure steady growth[107]. - The company has established a comprehensive internal control system to protect shareholder and creditor rights[148]. - The company has maintained its ISO9001 quality management system certification since 2004 and implemented a paperless management system for quality documentation in 2015[155]. - The company has established a safety committee led by the general manager, ensuring compliance with the Safety Production Law and enhancing employee safety awareness[157]. Corporate Governance and Shareholder Structure - The company has maintained its accounting firm for 4 consecutive years, with audit fees totaling RMB 1.87 million[127]. - The company has not engaged in any significant related party transactions during the reporting period[133]. - The shareholder structure includes Tianjin Zhongyin Industrial Development Co., Ltd. holding 35.74% and Shenzhen Baoshan Xintou Investment Co., Ltd. holding 25.50%[168]. - The actual controller holds significant stakes in other listed companies, such as Dongxing Securities (58.09%) and Shanghai Zhengda (48.16%)[173]. Community and Environmental Responsibility - The company actively engages in community and environmental initiatives as part of its corporate social responsibility[147]. - The company has invested nearly 1 million RMB annually in environmental protection and energy-saving projects, maintaining ISO14000 certification since 2007[158]. - The company has been recognized as a "Shenzhen Circular Economy Demonstration Unit" since 2010 and was awarded "Pengcheng Waste Reduction Advanced Enterprise" in 2015[158].