EVE(SZ:300014)2018-03-19 16:00Financial Performance - The company's operating revenue for 2017 was ¥2,982,304,750.14, representing a 27.46% increase compared to ¥2,339,712,007.50 in 2016[20]. - The net profit attributable to shareholders for 2017 was ¥403,364,781.23, a 60.18% increase from ¥251,815,186.50 in 2016[20]. - The net profit after deducting non-recurring gains and losses was ¥274,094,806.63, which is a 17.23% increase from ¥233,813,127.15 in 2016[20]. - The cash flow from operating activities for 2017 was ¥80,989,718.99, showing a significant increase of 71.47% from ¥47,232,584.50 in 2016[20]. - The total assets at the end of 2017 reached ¥7,460,335,988.71, marking a 70.03% increase from ¥4,387,616,063.86 at the end of 2016[20]. - The net assets attributable to shareholders at the end of 2017 were ¥3,081,955,906.12, which is a 58.51% increase from ¥1,944,278,455.28 at the end of 2016[20]. - The company reported a basic earnings per share of ¥0.47 for 2017, a 62.07% increase compared to ¥0.29 in 2016[20]. - The company achieved total revenue of 298.23 million CNY, representing a year-on-year growth of 27.46% despite not consolidating the sales revenue from McWher during the second half of the year[55]. - Net profit reached 40.34 million CNY, an increase of 60.18% compared to the previous year[55]. - Revenue from lithium primary battery business was 109.12 million CNY, up 40.60% year-on-year, driven by the rapid growth in demand from the IoT sector[55]. - The company's lithium-ion battery business generated revenue of 139.04 million CNY, a significant increase of 67.43% year-on-year[56]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders based on a total share capital of 856,366,226 shares as of December 31, 2017[9]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution[116]. - The company distributed a cash dividend of RMB 1.2 per 10 shares for the fiscal year 2016, totaling RMB 51,252,517.20[117]. - The cash dividend for 2016 was CNY 51,252,517.20, which accounted for 20.35% of the net profit attributable to ordinary shareholders of CNY 251,815,186.50[120]. - In 2017, the cash dividend amount was CNY 85,636,622.60, representing 21.23% of the net profit attributable to ordinary shareholders of CNY 403,364,781.23[120]. - The company has maintained a clear and defined dividend standard and ratio, ensuring the protection of minority shareholders' rights[116]. Technological Innovation and R&D - The company aims to enhance battery performance through technological innovation to meet national subsidy policies for electric vehicle batteries[5]. - The company is actively pursuing technological advancements in battery production to sustain competitive advantages in the market[5]. - The company is focused on research and development to improve product quality and expand its market presence in energy storage and power business sectors[30]. - The company has applied for a total of 902 patents, with 525 patents granted, showcasing its commitment to technological innovation[48]. - The company's R&D expenditures increased by 38.88% year-on-year, reflecting its focus on enhancing research and development capabilities[50]. - The company emphasizes the importance of research and innovation in new products and technologies to enhance its competitive edge in the battery market[105]. Market Expansion and Production Capacity - The company is expanding its production capacity while maintaining a high level of automation to improve product quality and profitability[5]. - The company plans to expand production capacity for lithium-ion batteries, including square lithium iron phosphate batteries and cylindrical ternary batteries, to meet growing market demands[52]. - The company established two major production bases in Huizhou and Jingmen, with a total battery production capacity expected to reach 9GWh[58]. - The company completed the acquisition of 100% equity in Fuan Te for a total consideration of ¥149,999,000[70]. - The company completed the acquisition of 51% of Funtec, which contributed 3.94 million CNY to the consolidated revenue, enhancing the lithium primary battery business[55]. Risk Management - The company is addressing raw material price volatility by improving production processes to reduce material costs and increasing production efficiency to dilute fixed costs[6]. - The company emphasizes collaboration across the supply chain to minimize risks from raw material price fluctuations[6]. - The company is closely monitoring exchange rate fluctuations to manage risks associated with its import and export activities[8]. - The company is focused on talent acquisition and development to mitigate risks associated with talent shortages during its rapid growth phase[9]. Corporate Social Responsibility - The company donated RMB 6,000 to support the construction of a care center for left-behind children in Jingmen City[165]. - The company organized job placements for 20 individuals from the partnered village to assist in employment poverty alleviation[167]. - The company has established a supply cooperation agreement with the partnered village to support long-term industrial poverty alleviation[168]. - The company actively participated in the "Hundred Enterprises Help Hundred Villages" poverty alleviation initiative in Huizhou City[166]. - The company provided a total of 12.8 million yuan for poverty alleviation efforts, with 0 million yuan allocated for material assistance[171]. Employee Incentives - The first employee stock ownership plan was completed, with 3,547,732 shares purchased at an average price of RMB 29.76 per share, representing 0.83% of the total equity at that time[139]. - The company implemented the second employee stock ownership plan, purchasing 851,622 shares, accounting for 0.20% of the total share capital, with a total transaction amount of ¥29,445,396.50 at an average price of ¥34.58 per share[140]. - The company granted 14,296,400 stock options to 390 incentive objects at an exercise price of ¥29.63 and 1,777,000 restricted stocks to 27 incentive objects at a grant price of ¥14.82[141]. - The company completed the first grant of restricted stocks, awarding 1,777,000 shares to 27 incentive objects[144]. - The company proposed to cancel 1,049,821 stock options from the second incentive plan, which accounted for 3.68% of the total options granted[145]. Acquisitions and Partnerships - The company established a strategic partnership with Nanjing Jinlong Bus Manufacturing Co., with an expected procurement amount of 1 billion yuan for power batteries in 2017[176]. - The company completed the acquisition of 100% equity in Wuhan Fuan Technology Co., Ltd. for a post-investment valuation of up to 150 million yuan[178]. - The company transferred 7% of its shares in subsidiary Microwell, resulting in a total holding of 24,378,000 shares, representing 38.51% of Microwell's total equity, and is no longer the largest shareholder[183]. - The company plans to acquire 100% equity of Jinneng Company for a total consideration of 73.59 million yuan[195].