FPT(SZ:300256)2018-03-23 16:00Financial Performance - The company's operating revenue for 2017 was CNY 5,646,969,959.25, representing a 13.08% increase compared to CNY 4,993,936,923.60 in 2016[16]. - The net profit attributable to shareholders decreased by 54.39% to CNY 66,612,838.57 from CNY 146,051,894.73 in the previous year[16]. - The net cash flow from operating activities was negative at CNY -221,438,105.51, a decline of 172.46% compared to CNY 305,583,473.84 in 2016[16]. - The total assets increased by 14.33% to CNY 8,968,504,805.35 at the end of 2017 from CNY 7,844,117,024.33 at the end of 2016[16]. - The company's basic earnings per share dropped by 56.52% to CNY 0.10 from CNY 0.23 in 2016[16]. - The weighted average return on net assets decreased to 1.95% from 4.46% in the previous year, a decline of 2.51%[16]. - The total profit for the year was 9.47 million yuan, a decrease of 45.80% compared to the previous year[39]. - The company reported a significant decline in profitability and cash flow, indicating potential challenges in operational efficiency and market conditions[16]. Revenue and Sales - The total revenue for the company in 2017 was CNY 564,697,000, representing a year-on-year increase of 13.08%[26]. - The revenue from touch display products amounted to ¥2,468,034,123.04, accounting for 43.71% of total revenue, with a growth of 5.61% from the previous year[55]. - The company's revenue for the electronic components industry reached ¥5,646,969,959.25, representing a year-on-year increase of 15.17%[57]. - Domestic sales amounted to ¥4,767,613,997.24, reflecting a year-on-year growth of 13.60%, while international sales increased by 23.66% to ¥879,355,962.01[58]. Research and Development - R&D investment for 2017 was ¥26,246.74 million, a 21.60% increase from ¥21,583.68 million in 2016, representing 4.65% of total operating revenue[49]. - The number of R&D personnel increased to 1,394 in 2017, accounting for 17.61% of the total workforce, up from 12.11% in 2016[71]. - The company is focused on developing new product lines, including fingerprint recognition modules and automotive electronics, to meet market demands[24]. - The company is in the process of developing new technologies and products, including a new OPVD optical coating technology and a VR digital electronic product, to enhance market competitiveness[70]. Investments and Subsidiaries - The company has established a wholly-owned subsidiary in Japan with a registered capital of approximately CNY 60,000, aimed at electronic equipment and optical instruments[30]. - The company has invested CNY 10 million in Qingneng Huabo during the reporting period[29]. - The company completed several investments and expansions, including a RMB 10.41 million investment in Guangdong Jinsanjia, acquiring 51% of its shares[146]. - The ongoing investment in the intelligent terminal metal CNC precision structural components project totaled ¥72,018,591.00, with a cumulative actual investment of ¥204,923,200.00[85]. Market Position and Strategy - The company has successfully entered Apple's supply chain, obtaining supplier codes and qualifications, which has improved its industry image[34]. - The company aims to enhance its market competitiveness by providing targeted services based on customer needs[25]. - The company aims to become a one-stop solution provider for smart terminal components, integrating functional and structural modules[40]. - The company has established a strong customer base, including major brands like Huawei, Xiaomi, and BMW, which supports its market position[34]. Cash Flow and Financial Management - Operating cash inflow decreased by 1.52% to CNY 5,294,036,921.38 in 2017, while cash outflow increased by 8.78% to CNY 5,515,475,026.89[73]. - The company reported a net decrease in cash and cash equivalents of CNY -60,731,775.44, a significant decline of 170.56% from the previous year[73]. - Financial expenses surged by 131.84% to ¥178,479,231.74, driven by increased investment and financing costs[66]. - The company received approval for a public bond issuance of up to ¥800 million to improve its capital structure and support rapid business growth[46][47]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[5]. - The cash dividend accounts for 100% of the total profit distribution amount, with a distributable profit of 54,597,722.23 RMB[131]. - In 2017, the company distributed cash dividends amounting to 32,419,347.10 RMB, which was 48.67% of the net profit attributable to ordinary shareholders[136]. Compliance and Governance - The company has established a comprehensive governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[185]. - The company has made commitments to reduce and regulate related party transactions, ensuring minimal and regulated interactions with its controlled entities[137]. - The company has emphasized the importance of compliance with these commitments to avoid any potential losses to itself and its shareholders[137]. - The company has implemented quality management systems, including ISO certifications, to ensure product quality and customer satisfaction[191]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with major pollutants being wastewater containing COD and ammonia nitrogen, and it has implemented continuous monitoring of discharge points[195]. - The wastewater discharge of COD was recorded at 9.128 tons per year, well below the regulatory limit of 500 mg/L[194]. - The company has invested in environmental protection facilities and conducts self-monitoring to ensure compliance with pollution discharge standards[198]. - The company has established an environmental management system and emergency response plan for environmental incidents, conducting regular training and drills[197].