Amsky(SZ:300521)2018-04-20 16:00Financial Performance - The company's operating revenue for 2017 was ¥180,187,839.78, a decrease of 2.78% compared to ¥185,345,203.02 in 2016[5]. - The net profit attributable to shareholders for 2017 was ¥36,680,334.40, down 21.41% from ¥46,674,778.34 in 2016[5]. - The net profit after deducting non-recurring gains and losses was ¥28,726,220.90, a decline of 32.04% from ¥42,267,960.27 in 2016[5]. - The company's total revenue for 2017 was CNY 180.19 million, a decrease of 2.78% compared to the previous year[46]. - The total profit for the year was CNY 41.46 million, down 22.8% year-on-year, while the net profit attributable to the parent company was CNY 36.68 million, a decline of 21.41%[46]. - The company's cash flow from operating activities increased by 9.73% to ¥34,515,028.15 in 2017, compared to ¥31,455,081.77 in 2016[5]. - The total assets at the end of 2017 were ¥546,171,308.25, reflecting a growth of 5.89% from ¥515,801,286.70 at the end of 2016[5]. - The net assets attributable to shareholders increased by 6.16% to ¥494,231,517.15 at the end of 2017, compared to ¥465,551,182.75 at the end of 2016[5]. Dividend Policy - The company reported a cash dividend of 0.50 RMB per 10 shares (including tax) and no bonus shares, based on a total of 144,000,000 shares[10]. - The company plans to distribute cash dividends of ¥1 per share (before tax) during the reporting period[71]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of RMB 191,425,448.62[101]. - The company has not conducted any cash dividends or stock bonuses in the previous two years (2015 and 2016)[103]. - The company aims to increase the proportion of cash dividends in profit distribution, with a minimum of 10% of distributable profits allocated to cash dividends annually[111]. - The company will ensure that cash dividends account for at least 80% of profit distribution during mature stages without significant capital expenditure, and at least 40% during mature stages with significant capital expenditure[111]. - The company has established a commitment to maintain a minimum of 20% cash dividend distribution during growth stages with significant capital expenditures[111]. Risk Management - The company faces risks related to new product development, particularly due to high technical barriers and potential delays in achieving mass production, which could adversely affect future performance[6]. - The company has a significant accounts receivable amount, which poses a risk of bad debts; it plans to strengthen collection efforts to mitigate this risk[7][9]. - The company is exposed to foreign exchange risks due to overseas business primarily settled in USD, which could impact product pricing competitiveness and lead to exchange losses[10]. - The company emphasizes the importance of risk awareness regarding forward-looking statements related to development strategies and future plans[5]. - The company is committed to enhancing contract signing processes to control collection risks more effectively[9]. Product Development and Innovation - The company is focusing on the development of new products, including inkjet print heads, which are expected to be a key offering in the future[16]. - The company plans to launch a new sand-type 3D printing device, Aisikai Storm S800, in May 2018, utilizing self-developed piezoelectric inkjet printheads[32]. - The company aims to enhance its piezoelectric inkjet printhead technology as part of its ongoing R&D efforts[99]. - The company is developing several advanced projects, including a high-power laser printing head with a power of 600W and a resolution of 2400-5080 DPI for a new flexo engraving machine[66]. - The company is focusing on expanding its 3D printing equipment development to meet diverse market needs, following the launch of the Storm S800 sand mold 3D printer[99]. - The company aims to introduce more models of 3D printing equipment over the next three years, promoting the commercial application of 3D printing in China, including a full range of sand-type 3D printing products S800, S2000, S4000, and metal 3D printing series[93]. - The company emphasizes technological innovation, holding multiple patents and focusing on three core technologies: laser printing, piezoelectric inkjet printing, and precision motion control[38]. Market Presence and Sales Strategy - The company is a leading supplier of CTP products in China, with significant market share and brand influence in the industry[34]. - The sales model for domestic sales of CTP products includes a combination of distribution, direct sales, and leasing, with distribution being the primary method[33]. - The company has successfully expanded its product line to include both offset and flexo CTP technologies, enhancing its market presence[31]. - The company has established a sales network covering all provinces in China except Tibet, and has overseas distributors in over 50 countries[42]. - Revenue from overseas regions grew by 4.79% to ¥80,148,358.87, making up 44.48% of total revenue[52]. Research and Development - Research and development (R&D) investment in 2017 reached ¥19,435,972.70, representing 10.79% of operating revenue, an increase from 9% in 2016[68]. - The number of R&D personnel increased to 84 in 2017, accounting for 28.77% of the total workforce[68]. - The company is committed to building a team with innovation and responsibility, enhancing corporate culture and team cohesion[96]. - The company plans to actively recruit and train excellent R&D personnel to improve its core technology strength[110]. Corporate Governance - The company has a strong governance structure with a board of directors and supervisory board ensuring compliance and oversight[188]. - The board consists of 9 members, including 3 independent directors, ensuring a diverse governance structure[182]. - The company has maintained its accounting firm, Tianzhi International Accounting Firm, for five consecutive years, with an audit fee of ¥500,000[121]. - The company has not faced any regulatory penalties in the past three years, indicating strong compliance and governance practices[195]. Employee Management - The total number of employees in the company is 292, with 65 in the parent company and 227 in major subsidiaries[199]. - The professional composition includes 95 production personnel, 56 sales personnel, 84 technical personnel, 12 financial personnel, and 45 administrative personnel[199]. - The company has established a salary management system that ensures internal fairness and external competitiveness, managed by the Human Resources Department[200]. - The salary structure is designed to be clear and effective in safeguarding employee interests, reflecting the guiding and competitive principles of the salary system[200]. Legal and Compliance - The company is involved in a lawsuit with Shandong Xingbao, claiming a total of ¥6.5 million, which includes a request for the return of 15 CTP devices and compensation for economic losses[123]. - The company has not engaged in any related party transactions during the reporting period[127]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[113]. - The company has not reported any prior accounting errors during the financial reporting period[119].