KEN(SZ:300126)2016-04-12 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares to all shareholders, based on a total of 307,132,000 shares [5]. - The company proposed a cash dividend of RMB 0.20 per 10 shares for the 2015 fiscal year, totaling RMB 6,142,640, with the remaining undistributed profits carried forward to future years [102]. - The cash dividend for the 2014 fiscal year was RMB 0.25 per 10 shares, amounting to RMB 7,682,700, with undistributed profits of RMB 181,725,044.98 carried forward [102]. - The company’s total distributable profit for the year was RMB 195,355,058.96, with cash dividends accounting for 100% of the profit distribution [100]. - The company’s cash dividend distribution plan for 2015 was reviewed and approved by the board of directors but was later rejected by the extraordinary general meeting [97]. - In 2015, the cash dividend amount was 6,142,640.00, representing 79.99% of the net profit attributable to ordinary shareholders, which was 7,678,884.56 [104]. - The cash dividend for 2014 was 7,682,700.00, accounting for only 12.37% of the net profit attributable to ordinary shareholders of 62,084,214.06 [104]. - The company maintained a stable and sustainable dividend distribution policy to reward shareholders while ensuring normal operations and long-term development [100]. Financial Performance - The company reported a net profit attributable to shareholders of CNY 767.89 million, a decline of 87.63% year-on-year [40]. - The company achieved total revenue of CNY 55,715.37 million, a decrease of 17.32% compared to the previous year [39]. - The company’s financial report indicates a focus on sustainable growth and strategic investments to enhance its competitive position in the market [10]. - The company reported a basic earnings per share of CNY 0.025, down 87.80% from CNY 0.204 in 2014 [19]. - The net cash flow from operating activities was negative at CNY -29,903,962.55, a decrease of 191.60% compared to 2014 [19]. - The company experienced a decline in sales due to weak demand in the construction and manufacturing sectors, influenced by economic conditions [28]. - The company’s total assets at the end of 2015 were CNY 1,266,107,611, an increase of 2.25% from the end of 2014 [19]. - The company’s foreign sales revenue was CNY 34,889.36 million, down 6.15% year-on-year, while domestic sales revenue was CNY 20,826.01 million, down 31.07% year-on-year [39]. Market Strategy and Competitiveness - The company is focusing on enhancing its core competitiveness and brand value in the electric tool market, which is facing intense competition from both domestic and international brands [8]. - The company aims to increase R&D investment to improve product quality and technological content, thereby achieving market differentiation [8]. - The company is gradually improving its e-commerce sales model to adapt to the growing online market [27]. - The company is focusing on enhancing its sales system management to improve market share amid increasing competition in the electric tools industry [27]. - The company aims to strengthen its brand influence and market position by focusing on high-end electric tools and increasing R&D speed for new products [29]. - The company is committed to maintaining a proactive approach in response to the evolving economic landscape and market demands [7]. - The company is actively exploring new business opportunities in industrial automation and intelligent equipment, particularly in the field of industrial robotics [10]. Research and Development - R&D expenses for the company reached CNY 2,728.63 million, an increase of 24.74% compared to the previous year [40]. - The company has applied for 26 patents during the reporting period, with 17 patents granted, including 4 invention patents [33]. - The company completed the investment in the "Professional Electric Tool R&D Center Project" with a remaining balance of RMB 11.29 million as of May 8, 2015 [87]. - The company aims to focus on the development of competitive new products, particularly in lithium battery products and large woodworking machinery [83]. - The company completed the development of new industrial robots and launched new products in the 10 kg and 20 kg categories, which began production and sales in the fourth quarter [53]. Risk Management - The company has established a comprehensive risk management framework to address challenges in new business explorations, including talent acquisition and cross-domain management [10]. - The company has identified risks related to currency fluctuations and is implementing measures to mitigate potential foreign exchange losses [9]. - The company emphasizes the importance of adapting to macroeconomic changes and has committed to a flexible operational strategy to navigate market challenges [7]. - The company is facing potential risks of stock suspension due to an investigation by the China Securities Regulatory Commission, which may lead to administrative penalties [111]. Corporate Governance - The company has a clear governance structure with designated roles for directors and supervisors [171]. - The company’s management has committed to enhancing internal control mechanisms and governance structures to ensure compliance with legal regulations [138]. - The company has established an independent financial department with a complete accounting system and management policies, ensuring financial independence [191]. - The company has three independent directors on its board, ensuring compliance with governance standards [186]. - The company has implemented a training program for directors and senior management to improve diligence and responsibility regarding information disclosure [138]. Shareholder Information - The controlling shareholder of the company is Wu Mingting, who holds the position of Chairman and General Manager [151]. - The actual controllers of the company are Wu Mingting and Ying Yuanlin, a married couple [152]. - The company has a total of 28,238 shareholders at the end of the reporting period, an increase from 23,433 at the end of the previous month [149]. - The top ten shareholders include Wu Mingting with 20,250,000 shares (approximately 6.67%), and Lu Huoying with 12,495,913 shares (approximately 4.16%) among others [150]. Employee and Management Structure - The total number of employees in the company is 1,515, with 1,285 in the parent company and 221 in major subsidiaries [178]. - The company has established a performance management system to align employee interests with company performance, ensuring internal fairness and external competitiveness in compensation [179]. - The company has been expanding its management team with experienced professionals from various sectors [170]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 288.6 million CNY [175].