长盈精密(300115) - 2015 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2015 reached CNY 3,888,800,543.56, representing a 67.59% increase compared to CNY 2,320,366,458.97 in 2014[18]. - The net profit attributable to shareholders was CNY 449,770,205.83, a 55.00% increase from CNY 290,175,475.32 in the previous year[18]. - The net cash flow from operating activities surged to CNY 879,562,544.69, marking a significant increase of 2804.41% from CNY 30,283,712.51 in 2014[18]. - The company's total assets increased by 30.08% to CNY 5,083,946,161.41 at the end of 2015, up from CNY 3,908,454,488.54 at the end of 2014[18]. - The company's total revenue for 2015 was approximately CNY 4.22 billion, representing a year-on-year increase of 68.14%[43]. - The revenue from mobile communication terminal metal structure components reached CNY 2.33 billion, a significant increase of 159.55% compared to the previous year[43]. - The company maintained a basic earnings per share of CNY 0.82, which is a 46.43% increase from CNY 0.56 in 2014[18]. - The company's weighted average return on equity was 15.62%, slightly down from 15.85% in the previous year[18]. - The gross profit margin for the electronic components industry was 28.25%, showing a decrease of 4.04% year-on-year[43]. Cash Dividend and Share Capital - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, based on a total share capital of 56,016,435.6 shares as of March 29, 2016[7]. - The cash dividend for 2015 is set at RMB 3 per 10 shares, amounting to RMB 168,049,306.80, representing 37.36% of the net profit attributable to shareholders[90]. - The total distributable profit for the year is RMB 901,067,900, with cash dividends accounting for 100% of the profit distribution[86]. - The company has consistently increased its cash dividend payout ratio over the past three years, from 11.64% in 2013 to 37.36% in 2015[90]. - The company’s total share capital increased from 51,600 million shares in 2014 to 555,759,036 shares after a private placement[88]. Risk Management - The company has a risk warning regarding market risks, increasing cost pressures, and management risks[7]. - The company has a comprehensive risk management strategy to address potential market fluctuations and operational challenges[7]. - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments in its forward-looking statements[6]. Investment and R&D - The company invested CNY 261.81 million in R&D, accounting for 6.73% of total revenue, which is a 54.49% increase from the previous year[53]. - The number of R&D personnel increased to 2,873, representing 17.25% of the total workforce[54]. - The company is involved in the development of new products and technologies, particularly in the mobile communication terminal sector[12]. - The company raised CNY 956.81 million through a private placement to enhance its design and production capabilities in metal CNC structural components and expand into the Industrial 4.0 sector[36]. Market Position and Growth - The revenue from the appearance parts business exceeded CNY 2.3 billion, reflecting a growth of 159.55% year-on-year, solidifying the company's market position[26]. - The global smartphone shipment in 2015 reached 1.44 billion units, with a year-on-year growth of 10.4%, indicating a competitive market environment[26]. - The company anticipates significant business growth opportunities in emerging industries such as smart homes, smart wearables, and new energy vehicles, leveraging its existing core business in electronic structure components[77]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has established a governance structure that includes a board of directors, supervisory board, and various committees to enhance operational efficiency[165]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[167]. - The independent directors actively participated in board meetings and provided professional suggestions for the company's development and internal control management[177]. Employee Management - The total number of employees in the company is 16,654, with 12,769 in production, 162 in sales, and 2,873 in technical roles[157]. - The company has a structured salary policy that includes base salary, allowances, and performance bonuses for different employee categories[159]. - Employee training programs are mandatory, with new hires undergoing a three-phase training process to ensure quality and compliance[161]. Financial Stability - The company has not sold any significant assets or equity during the reporting period, maintaining its current asset structure[73][74]. - The company has not faced any penalties or corrective actions during the reporting period, demonstrating adherence to regulatory standards[99]. - The company has not undergone any bankruptcy restructuring during the reporting period, indicating financial health[97]. Strategic Initiatives - The company aims to align its projects with national policy directions and market trends to ensure long-term industrial upgrades[71]. - The company plans to invest CNY 1.67 billion from its fundraising to expand the metal CNC structural components project and CNY 1 billion to invest in its wholly-owned subsidiary, Guangdong Tianji Industrial Intelligent Systems Co., Ltd.[72]. - The company is focusing on automation projects and precision hardware product development as part of its strategic initiatives[146].