TECHSEM(SZ:300046)2016-04-08 16:00Financial Performance - The company's operating revenue for 2015 was ¥166,154,459.67, a decrease of 25.06% compared to ¥221,713,221.94 in 2014[22]. - The net profit attributable to shareholders for 2015 was ¥28,735,996.20, down 34.55% from ¥43,902,563.78 in the previous year[22]. - The net cash flow from operating activities decreased by 59.57% to ¥28,433,505.11 in 2015, compared to ¥70,322,743.85 in 2014[22]. - The basic earnings per share for 2015 was ¥0.2023, a decline of 34.53% from ¥0.3090 in 2014[22]. - Total assets at the end of 2015 were ¥832,431,276.35, down 5.34% from ¥879,421,548.34 at the end of 2014[22]. - The company reported a weighted average return on equity of 3.62% for 2015, down 1.77 percentage points from 5.39% in 2014[22]. - Total profit amounted to 32.89 million yuan, down 36.50% year-on-year, with net profit attributable to shareholders at 28.74 million yuan, a decline of 34.55%[42]. - The company achieved operating revenue of 166.15 million yuan, a year-on-year decrease of 25.06%[42]. - The company reported a cash dividend of 35,520,000.00 in 2015, which represents 123.61% of the net profit attributable to ordinary shareholders[98]. Research and Development - The company achieved a total of 13 patents in 2015, enhancing its technological leadership and core competitiveness in the semiconductor industry[35]. - Research and development expenses increased by 12.32% to 12.40 million yuan, reflecting a commitment to product development[42]. - The company plans to invest in R&D for new power semiconductor devices, including SiC and GaN technologies[87]. - The company has established a provincial-level technology center and a key laboratory for high-power semiconductor technology[84]. - The company aims to enhance its technological innovation capabilities through project management and talent acquisition[8]. Market and Competition - The company's main business involves the research, manufacturing, and sales of high-power semiconductor devices, with a significant decline in sales volume and revenue due to economic slowdown, resulting in a substantial decrease in main operating indicators[30]. - The domestic power semiconductor industry remains competitive, with international firms entering the market, increasing pressure on local companies[30]. - The company is focusing on expanding into high-end markets, including military applications and overseas markets[87]. - The company has maintained a stable market share in the medium-frequency induction heating sector while expanding overseas sales through e-commerce platforms[39]. - The demand for high-power semiconductor devices is expected to grow due to economic development, energy conservation needs, and national defense strategies[82][83]. Financial Management - The company is actively seeking investment projects to utilize its raised funds effectively while managing risks[9]. - The total cash inflow from investment activities increased by 255.36% year-on-year, totaling ¥35,655,360.27 in 2015 compared to ¥10,033,546.06 in 2014[64]. - The total cash and cash equivalents decreased by ¥88,512,063.03 in 2015, a decline of 1870.45% compared to an increase of ¥4,999,421.23 in 2014[64]. - The company has a remaining balance of ¥38,538.49 million in raised funds, with ¥25,912.10 million already invested in projects[74]. - The company reported an investment income of ¥653,360.27, accounting for 1.99% of total profit[66]. Corporate Governance - The company emphasizes corporate social responsibility, achieving various recognitions such as being an A-level enterprise in information disclosure and a model worker home[129]. - The company has established a framework to ensure the approval process for related party transactions is followed[103]. - The company has maintained a good integrity status with no unfulfilled court judgments or significant overdue debts[111]. - The company has not engaged in any business that competes or may compete with its own operations[101]. - The company has not reported any significant discrepancies between financial reports under different accounting standards, ensuring consistency in financial reporting[25][26]. Human Resources - The company has a total of 476 employees, with 276 in production, 42 in sales, 78 in technical roles, 12 in finance, 60 in administration, and 8 in other positions[164]. - The number of employees with a bachelor's degree or above is 90, while those with a college diploma is 178, and 208 have other educational qualifications[164]. - The company has established a comprehensive training program for different levels of employees, focusing on enhancing skills and knowledge across management levels[166]. - The company implements a performance-based salary system for senior management, with annual performance evaluations determining bonuses[165]. - The company has maintained stability in its leadership, with no significant changes in shareholding or management roles during the reporting period[149][150]. Future Outlook - The company aims to achieve a sales revenue of CNY 20 million in 2016, representing a year-on-year growth of 20.37%[88]. - The planned total profit for 2016 is CNY 3.5 million, with a year-on-year increase of 6.42%[88]. - The company plans to enhance product quality and production efficiency, focusing on improving consistency and yield rates[87]. - The company aims to develop high-end new products and expand market reach to restore stable growth in performance[84]. - The company is facing risks from increased market competition and slow new product development, which may impact its market position[89].