FPT(SZ:300256)2016-03-21 16:00Financial Performance - The company's operating revenue for 2015 was CNY 3,885,220,051.24, representing a 131.49% increase compared to CNY 1,678,385,760.00 in 2014[15]. - The net profit attributable to shareholders for 2015 was CNY 65,078,414.95, a 141.95% increase from CNY 26,897,152.08 in 2014[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,827,231.87, reflecting a 155.22% increase from CNY 18,347,911.89 in 2014[15]. - The basic earnings per share for 2015 was CNY 0.24, doubling from CNY 0.12 in 2014[15]. - The total assets at the end of 2015 amounted to CNY 6,361,494,500.55, an increase of 108.94% from CNY 3,044,596,755.39 at the end of 2014[15]. - The net assets attributable to shareholders at the end of 2015 were CNY 3,241,894,843.46, a 100.78% increase from CNY 1,614,681,582.01 at the end of 2014[15]. - The net cash flow from operating activities for 2015 was CNY -41,927,570.17, an improvement of 74.04% compared to CNY -161,506,376.85 in 2014[15]. - The weighted average return on net assets for 2015 was 2.82%, up from 1.69% in 2014[15]. - The company achieved total revenue of ¥3,885,220,051.24, a year-on-year increase of 131.49%, and net profit attributable to shareholders of ¥65,078,414.95, up 141.95%[31]. Business Expansion and Acquisitions - The company completed a major asset restructuring by acquiring Shenzhen Lianmao, which enhanced its product offerings to include precision structural components, thereby expanding its market reach[25]. - The company expanded its business scope by integrating Shenzhen Lianmao as a wholly-owned subsidiary, enhancing its product line and market reach[49]. - Shenzhen Lianmao's investment in acquiring 44% of Shenzhen Ruiding Technology Co., Ltd. aims to enhance its capabilities in metal CNC processing, further diversifying its product structure[33]. - The company completed the acquisition of 100% equity of Shenzhen Lianmao on July 9, 2015, and it became a wholly-owned subsidiary[133]. - The company completed the acquisition of 51.0018% of the equity in Ruiding Manufacturing, enhancing its market position[68]. Research and Development - R&D investment amounted to ¥139,473,287.53, a 71.99% increase from the previous year, representing 3.59% of total revenue, aimed at improving product competitiveness and innovation capabilities[35]. - The company has established a patent portfolio of 181, including 16 invention patents, and plans to continue increasing R&D efforts to accelerate new product development[35]. - The company plans to increase R&D investment in new technologies and processes to improve product quality and customer satisfaction[94]. - The company is focusing on integrating resources and accelerating product technology research and development to reduce production costs and improve profitability[107]. Market Trends and Strategies - The smartphone market entered a saturation phase in 2015, leading to increased competition and a decline in profit margins for plastic structural components[131]. - The global smartphone shipment reached 1.293 billion units in 2015, growing by 10.3%, significantly driving the demand for protective glass[87]. - The company plans to enhance its competitive edge in the protective glass market by developing new products such as 3D cover glass and anti-glare coatings[88]. - The precision structural components industry is expected to grow rapidly, driven by the demand from consumer electronics and automotive sectors[90]. - The company aims to expand its market presence through strategic mergers and acquisitions, focusing on emerging markets like virtual reality and smart home technologies[91]. Shareholder Commitments and Governance - The company committed to achieving net profits attributable to shareholders of no less than 80 million, 150 million, 180 million, and 216 million RMB for the years 2014, 2015, 2016, and 2017 respectively[106]. - The company has made commitments to avoid competition with its controlling shareholders and related parties, ensuring no direct or indirect engagement in similar businesses[120]. - The company has established a profit compensation arrangement, detailing the calculation and order of compensation for profits[120]. - The company has committed to timely and full compensation for any losses incurred by shareholders due to violations of commitments[121]. - The company has ensured that no violations of commitments have occurred as of the report date[121]. Financial Management and Compliance - The company has not encountered any issues with the disclosure of fundraising usage, ensuring compliance with regulations[76]. - The company has reported no major litigation or arbitration matters during the reporting period[138]. - The company has no significant contracts that would impact profits by over 10% during the reporting period[154]. - The company has no instances of illegal external guarantees during the reporting period[159]. - The company has not disclosed any related party guarantees during the reporting period[157]. Operational Challenges - The company faced risks related to the inability to fulfill performance commitments due to uncompleted profit targets for 2015[107]. - The company’s performance was impacted by a shift in consumer preference towards metal components in smartphones[131]. - The company’s overall financial performance was affected by the slowdown in the smartphone market and intensified price competition[131]. - The company acknowledged the risk of insufficient innovation capabilities and plans to strengthen its R&D team and increase investment in technology development[105]. Investor Relations - The company has maintained active communication with investors, responding to over 370 inquiries on the Shenzhen Stock Exchange's interactive platform in 2015[37]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits[118]. - The company reported a total cash dividend of 0.00 RMB for the year 2015, with a net profit attributable to shareholders of 65,078,414.95 RMB, resulting in a cash dividend ratio of 0.00%[118].