Hwa Create(SZ:300045)2016-05-30 11:58Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[12]. - The company's operating revenue for 2015 was approximately ¥414.99 million, representing a 2.88% increase compared to ¥403.38 million in 2014[21]. - The net profit attributable to shareholders decreased by 33.41% to approximately ¥31.31 million in 2015 from ¥47.02 million in 2014[21]. - The net profit after deducting non-recurring gains and losses increased by 16.25% to approximately ¥27.44 million in 2015 from ¥23.60 million in 2014[21]. - The company reported a basic earnings per share of ¥0.06 in 2015, down 33.33% from ¥0.09 in 2014[21]. - The weighted average return on net assets decreased to 3.75% in 2015 from 5.97% in 2014[21]. - The company achieved a profit increase in 2015 but decided not to distribute cash dividends due to ongoing industry consolidation opportunities[128]. - The total revenue for 2015 was approximately 1.43 billion CNY, representing a significant increase from 1.22 billion CNY in 2014, marking a growth of about 17.2%[197]. - The company reported a net profit of approximately 284.85 million CNY for 2015, compared to 143.26 million CNY in 2014, indicating a growth of around 98.6%[197]. Strategic Outlook - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, which reflects an anticipated growth rate of 20%[14]. - The company has developed a strategic plan for 2015-2020, focusing on satellite applications and unmanned platforms, aiming to become a billion-dollar international enterprise group[41]. - The company plans to continue expanding its market presence and investing in new technologies to enhance competitiveness[94]. - The company aims to leverage its technological advantages and high customer loyalty to expand into civilian markets while maintaining its defense and military market position[39]. - The company plans to implement a three-step strategy from 2015 to 2020, focusing on satellite navigation and mobile communication advancements, with significant growth in unmanned platform business expected by 2019-2020[112]. Research and Development - The company is investing in R&D for a new generation of real-time semi-physical simulation machines, with an estimated budget of 50 million RMB allocated for this project[12]. - The company's R&D investment for 2015 amounted to ¥99,036,810.51, representing 23.87% of its operating revenue, a decrease from 32.20% in 2014[61]. - The total R&D expenditure decreased by 23.73% compared to the previous year, with a significant drop in satellite navigation R&D investment by 54.32% to ¥20,756,900[60]. - The company has filed 27 invention patents and obtained 10, with a total of 23 patents granted by the end of the reporting period[62]. - The company has developed the HTD1001 baseband processing chip for satellite mobile communication and Beidou navigation, marking a significant breakthrough in the field[36][42]. Market Expansion - The company is expanding its market presence by entering the automotive IoT sector with a new smart terminal project, projected to generate 300 million RMB in revenue within the next two years[13]. - The introduction of a new outdoor operation platform utilizing Beidou navigation technology is anticipated to capture a market share of 10% in the outdoor sports sector within the next year[12]. - The company signed a cooperation agreement with China Telecom Group Satellite Communication Co., Ltd. to jointly develop Beidou communication services[31]. - The company aims to enhance its intelligent manufacturing capabilities, which is expected to improve production efficiency by 30% over the next three years[14]. Financial Management - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company has received government subsidies amounting to ¥10,755,149.92, which constituted 34.00% of other income, indicating a sustainable income source[66]. - The cash and cash equivalents increased by ¥5,741,153.19, contrasting with a decrease of ¥35,433,616.90 in the previous year, reflecting improved liquidity[63]. - The company has no short-term borrowings as of the end of 2015, compared to 3,000,000.00 CNY at the end of 2014[67]. - The company has implemented strict credit management policies to mitigate accounts receivable risks, especially given the potential increase in sales to defense enterprises[117]. Corporate Governance - The board of directors and management guarantee the accuracy and completeness of the annual report[3]. - All directors attended the board meeting to review the report[4]. - The company has conducted multiple investor relations activities throughout the year to maintain transparency and communication with stakeholders[120]. - The independent director election was successfully completed, with new appointments made to the board following the resignation of three long-serving independent directors[165]. - The company has not experienced any changes in the scope of consolidated financial statements compared to the previous year[139]. Subsidiary Performance - The overall performance of subsidiaries shows mixed results, with some achieving growth while others are still in loss positions[91][92][93][94]. - Huazhong International achieved a net profit of 12.586 million yuan, representing a year-on-year growth of 23.64%[91]. - Huazhong Tianxing reported a revenue increase of 12.33% year-on-year, with a net profit of 265,305.17 yuan[91]. - Huazhong Ruiyuan's net profit reached 3.332 million yuan, an increase of 11.10% compared to the previous year[91]. - Shanghai Semiconductor incurred a net loss of 3.698 million yuan, a decrease in loss of 42.84% year-on-year, attributed to significant R&D investments[94].