CORPRO(SZ:300101)2016-03-21 16:00Financial Performance - The company reported a total revenue of RMB 556 million for the year 2015, reflecting a year-on-year increase of 15%[14]. - The company's operating revenue for 2015 was ¥535,150,030.13, representing a 31.42% increase compared to ¥407,197,357.59 in 2014[19]. - The net profit attributable to shareholders for 2015 was ¥78,271,817.14, a 51.93% increase from ¥51,519,255.47 in 2014[19]. - The company reported a basic earnings per share of ¥0.14 in 2015, a 55.56% increase from ¥0.09 in 2014[19]. - Operating profit reached 98.60 million yuan, up 45.46% compared to the previous year[59]. - The company achieved a net profit of 94.13 million yuan for the period, representing a 55.14% increase compared to the previous year[112]. - The company reported a net cash flow from operating activities decreased by 74.41% to ¥48,575,227.18 in 2015 from ¥189,832,173.35 in 2014[19]. - The total assets at the end of 2015 were ¥1,356,168,148.36, up 15.53% from ¥1,173,886,860.08 at the end of 2014[19]. Dividend Distribution - The profit distribution plan approved by the board includes a cash dividend of RMB 0.5 per 10 shares, totaling RMB 27.8 million, with no bonus shares issued[5]. - The total cash dividend distributed was RMB 27,800,000, with a distribution ratio of RMB 0.5 per 10 shares[152]. - The cash dividend payout ratio for 2015 was 35.52% of the net profit attributable to shareholders, amounting to 27.8 million yuan[159]. - The company has implemented a cash dividend policy that aligns with its profit distribution principles, ensuring shareholder interests are protected[150]. Market Position and Strategy - The company emphasizes the increasing market competition and management risks associated with expansion, highlighting the need for strategic adjustments[5]. - Future outlook indicates a focus on enhancing satellite navigation technology and expanding market presence in the Asia-Pacific region[5]. - The company aims to leverage the "13th Five-Year Plan" to align its growth strategies with national economic development goals[10]. - The company has positioned itself as a supplier of city-level video surveillance networking management platforms, focusing on "high-definition intelligence" projects[31]. - The company is a leading player in the Beidou satellite navigation sector, recognized as a key support base for the industrialization of Beidou series terminals, with the most comprehensive product range and advanced technology in the domestic market[38]. Research and Development - The company plans to invest in research and development for new products, particularly in the field of satellite communication and positioning systems[5]. - The company has filed 26 new patents during the reporting period, including 19 invention patents, indicating a strong focus on innovation[42]. - Research and development (R&D) investment amounted to ¥70,156,447.07, which is 13.11% of the operating revenue, a decrease from 14.60% in the previous year[79]. - The number of R&D personnel increased to 329, making up 41.27% of the total workforce[79]. - The company is committed to enhancing its R&D team and strengthening its intellectual property capabilities to support product innovation[118]. Operational Challenges and Risks - The report highlights potential risks, including intensified market competition and management challenges due to scaling operations[5]. - The company aims to enhance its management capabilities to cope with the risks associated with its expanding scale and operations[141]. - The company plans to strengthen project management and control R&D expenses to address the risk of rising costs[140]. - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by the management team[4]. Investments and Acquisitions - The company has established joint ventures and partnerships, including investments in Hangzhou Zhenxin Jingyuan Equity Investment Partnership and Chengdu Ziang Network Technology Co., Ltd.[40]. - The company has made significant investments in joint ventures and partnerships, including establishing new companies and increasing stakes in existing ones[82]. - The company completed investments in leading domestic satellite remote sensing suppliers, enhancing its core competitiveness in high-performance components and satellite internet[54]. - The company has invested 12 million yuan in December 2015 to acquire a stake in Dongfang Da'er, a leading provider of remote sensing data services, aiming to integrate satellite applications into a comprehensive service system[132]. Future Outlook - By the end of 2015, China's Beidou satellite navigation industry is projected to grow from a market size of 100 billion yuan to over 200 billion yuan, with a contribution rate of Beidou reaching 60% by 2020[36]. - The company plans to focus on high-performance integrated circuits and accelerate the industrialization of core technology R&D projects in 2016[118]. - The company aims to maintain its leading market share in special industries and expand into key industry applications and consumer fields[122]. - The company is actively integrating core components and software/hardware to develop a comprehensive application service system in the Beidou navigation field[122]. Corporate Governance and Compliance - The board of directors has confirmed that all members attended the meeting to discuss the annual report, ensuring transparency and accountability[4]. - The company has maintained compliance with its commitments regarding the use of funds and avoiding competition as of the reporting date[161]. - The company has not experienced any major litigation or arbitration matters during the reporting period[169]. - The company has maintained a good credit status, with no significant debts due at the end of the reporting period[171].