Hwa Create(SZ:300045)2017-03-24 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.10 yuan per 10 shares based on a total of 561,650,000 shares, which represents a total cash distribution of 56,165,000 yuan[5]. - The proposed cash dividend for 2016 is 0.10 RMB per 10 shares, totaling 5,616,500 RMB, based on the current total share capital[132]. - The company did not distribute any cash dividends in 2015, maintaining a total share capital of 561,650,000 shares[133]. - The cash dividend distribution for 2016 is based on the existing total share capital of 561,650,000 shares[132]. - The company has maintained a consistent approach to dividend distribution over the past three years, with varying amounts based on profitability[134]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[15]. - The company's operating revenue for 2016 was ¥418,536,830.16, representing a 0.86% increase compared to ¥414,987,108.92 in 2015[20]. - The net profit attributable to shareholders for 2016 was ¥51,026,371.42, a significant increase of 62.96% from ¥31,311,981.81 in 2015[20]. - The total profit for the period was 51.78 million yuan, which increased by 63.69% compared to the previous year[52]. - The total operating revenue for the year 2016 was CNY 418,536,830.16, representing a year-on-year increase of 0.86% compared to CNY 414,987,108.92 in 2015[59]. Research and Development - The report highlights the company's commitment to research and development in new technologies related to satellite communication and navigation systems[10]. - The company is investing in R&D for a new generation of real-time semi-physical simulation machines, aimed at improving testing efficiency and accuracy[15]. - The company has a research and development team of 393 people, accounting for 54.40% of the total workforce[49]. - Research and development investment increased by 65.89% to 34,434,400.00 CNY, with a focus on satellite navigation simulation testing and related technologies[72]. - The company has developed integrated communication and navigation chips with independent intellectual property rights, enhancing its capabilities in satellite mobile communication[30]. Market Expansion and Strategy - The company has a focus on expanding its market presence and enhancing its product offerings in the satellite navigation sector[10]. - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to bolster its competitive position in the industry[10]. - The company aims to enhance its intelligent manufacturing capabilities, integrating advanced technologies to optimize production processes and reduce costs[15]. - The company plans to acquire 100% equity of Mingwei Wansheng for a total consideration of CNY 40,000,000, which includes CNY 16,000,000 in cash and CNY 24,000,000 in shares[55]. - The company is focusing on technology product innovation in the satellite navigation and communication fields, promoting high-precision safety monitoring and smart agriculture applications[123]. Risk Management - The company has outlined potential risks and corresponding countermeasures in the section discussing future development prospects[5]. - The company emphasizes the importance of reading the full annual report, particularly the section on risk factors that may impact future operations[5]. - The company recognizes the risk of talent loss due to intensified competition for skilled personnel in the technology-intensive industry[126]. - The company will enhance its internal control mechanisms and subsidiary management systems to improve overall decision-making and risk management capabilities[127]. - The company is focused on promoting its strategic planning through acquisitions and investments, while being aware of potential management and goodwill impairment risks[126]. Subsidiaries and Acquisitions - The company has established several wholly-owned and controlled subsidiaries to strengthen its operational capabilities and market reach[9]. - The company has 10 subsidiaries and 2 newly added subsidiaries during the reporting period[149]. - The company completed the acquisition of Beijing Tiger Innovation Microwave Technology Co., Ltd. for CNY 525 million[98]. - The company invested 300,000 yuan to establish a new subsidiary, Huali Fangyuan, holding a 47.70% stake, and increased capital in its wholly-owned subsidiary Chengdu Chuangtong by 300,000 yuan[39]. - The company signed multiple strategic cooperation agreements to enhance its marketing capabilities, including partnerships with the Sichuan Provincial Bureau of Geology and Mineral Resources[52]. Legal and Compliance - The company has not reported any significant legal investigations or inquiries during the reporting period[144]. - The company has not faced any penalties or rectification issues during the reporting period[153]. - The company has committed to compensating investors in case of any violations found during investigations[141]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[144]. - The company has maintained consistent opinions among its major shareholders regarding important decisions[142]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,371, a decrease from 39,632 in the previous month[191]. - The largest shareholder, Gao Xiaoli, held 108,866,400 shares, representing 19.61% of the total shares, with a decrease of 7,900,000 shares during the reporting period[191]. - The second largest shareholder, Wang Qi, held 93,498,660 shares, accounting for 16.84% of the total shares, with a decrease of 3,000,000 shares during the reporting period[191]. - The company’s total restricted stock for incentive plans was 5,440,000 shares, with 3,264,000 shares remaining after the departure of a previous incentive object[186]. - The company’s stock incentive plan included a total of 24 participants, with specific conditions for unlocking shares based on performance metrics[186].