SLAC(SZ:300382)2016-03-29 16:00Financial Performance - The company's operating revenue for 2015 was CNY 348,331,628.77, representing a 19.26% increase compared to CNY 292,069,710.10 in 2014[17]. - The net profit attributable to shareholders for 2015 was CNY 97,838,505.09, up 14.10% from CNY 85,748,829.90 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 86,676,805.88, reflecting a 15.52% increase from CNY 75,034,661.37 in 2014[17]. - The basic earnings per share for 2015 was CNY 0.84, a 13.51% increase from CNY 0.74 in 2014[17]. - The total assets at the end of 2015 amounted to CNY 834,393,261.39, a 5.50% increase from CNY 790,883,615.32 at the end of 2014[17]. - The net assets attributable to shareholders increased by 3.14% to CNY 639,316,118.08 from CNY 619,857,791.35 in 2014[17]. - The company reported a negative net cash flow from operating activities of CNY -13,107,681.76, a significant decrease of 111.88% compared to CNY 110,330,701.58 in 2014[17]. - The weighted average return on equity for 2015 was 15.56%, slightly up from 15.18% in the previous year[17]. Investment and R&D - The company invested CNY 17.48 million in R&D in 2015, with a focus on optimizing production technology for easy-open can equipment[35]. - The company applied for 3 patents and received 6 authorized patents in 2015, including one US patent[32]. - Research and development (R&D) investment reached ¥17,476,100.00, accounting for 5.02% of total revenue, with a focus on canning and intelligent detection equipment[55]. - The company plans to raise up to 1,105.02 million for key equipment and automation production line projects, which was approved by the board on May 27, 2015[129]. - The company’s investment strategy includes a focus on automation and smart manufacturing projects, reflecting a commitment to technological advancement[129]. Sales and Market Presence - The company achieved operating revenue of CNY 348.33 million in 2015, a year-on-year increase of 19.26% compared to CNY 292.07 million in 2014[35]. - The company exported products to multiple countries including Thailand, Malaysia, South Korea, and Mexico, establishing a core customer base[28]. - Domestic sales accounted for ¥188,165,482.32 (54.02%) while international sales reached ¥160,166,146.45 (45.98%), with international sales increasing by 47.64% year-on-year[44]. - The company sold 1,077 units in 2015, marking a 15.19% increase in sales volume compared to 935 units in 2014[47]. Cash Flow and Financial Management - The company’s cash flow from operating activities was negative at CNY -49.07 million, indicating challenges in cash generation[24]. - The total cash and cash equivalents decreased by 4.07% to ¥120,806,448.07, reflecting the overall cash flow challenges faced during the year[67]. - Operating cash inflow decreased by 8.92% to ¥272,181,865.82, while cash outflow increased by 51.35% to ¥285,289,547.58, resulting in a net cash flow from operating activities of -¥13,107,681.76[58][59]. - The company has no overdue principal or income from financial products, indicating effective management of its investments[125]. Dividend Policy - The company plans to distribute a cash dividend of CNY 5 per 10 shares to all shareholders, based on a total of 117,121,373 shares[6]. - The cash dividend policy included a distribution of 15 RMB per 10 shares, along with a capital reserve increase of 12 shares for every 10 shares held[88]. - In 2015, the cash dividend payout ratio was 59.85% of the net profit attributable to ordinary shareholders, which was RMB 97,838,505.09[94]. - The company has maintained a consistent cash dividend distribution policy over the past three years, with cash dividends of RMB 58,560,686.50 in 2015, RMB 79,855,482.00 in 2014, and RMB 26,618,494.00 in 2013[94]. Legal and Compliance Issues - The ongoing litigation with STOLLE may impact the company's import and export activities, but the current export volume to the U.S. is relatively small, minimizing potential effects on overall performance[5]. - The company has undertaken to bear all litigation costs related to the STOLL lawsuit in the U.S., including attorney fees and damages[97]. - The company faced a lawsuit involving allegations of copyright infringement and business secret misappropriation, with potential damages exceeding $75,000[104]. - The company has committed to ensuring that its interests will not suffer losses due to unpaid land transfer fees[97]. Corporate Governance - The company has a diverse management team with extensive experience across various industries[164]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to RMB 2.7633 million[166]. - The company has maintained a stable governance structure with no significant changes in its board composition during the reporting period[157]. - The company implemented a stock option incentive plan in 2014 to enhance governance and improve management efficiency[98]. Subsidiaries and Acquisitions - The company established a new subsidiary, Suzhou Silek Intelligent Mould Manufacturing Co., Ltd., which reported a net profit of -1.009 million RMB in 2015[82]. - The company acquired 51% of Shandong Mingjia's equity, integrating its intelligent detection business, and plans to acquire 100% of Italy's Corima International Machinery s.r.l[40]. - The company added five new subsidiaries during the reporting period, including Suzhou Silek Intelligent Mould Manufacturing Co., Ltd. and Shandong Mingjia Technology Co., Ltd.[141]. Internal Control and Audit - The company reported no significant defects in internal control for both financial and non-financial reports, with zero major defects identified[185]. - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position[188]. - The board of directors' audit committee held four meetings to review the periodic financial statements[180].