Tom(SZ:300459)2016-04-25 16:00Financial Performance - The company's operating revenue for 2015 was ¥506,442,538.26, representing a 6.19% increase compared to ¥476,902,016.82 in 2014[16]. - The net profit attributable to shareholders for 2015 was ¥48,477,706.11, a significant increase of 33.99% from ¥36,179,269.27 in 2014[16]. - The net cash flow from operating activities reached ¥128,193,408.77, up 24.30% from ¥103,131,278.20 in the previous year[16]. - The total assets at the end of 2015 amounted to ¥876,714,463.62, reflecting a 33.33% increase from ¥657,538,673.74 at the end of 2014[16]. - The net assets attributable to shareholders increased by 52.20% to ¥626,972,964.28 from ¥411,952,467.07 in 2014[16]. - The company reported a basic earnings per share of ¥0.19, which is a 26.67% increase from ¥0.15 in 2014[16]. - In 2015, the company achieved operating revenue of CNY 506.44 million, an increase of 6.19% year-on-year[38]. - The net profit attributable to shareholders was CNY 48.48 million, up 33.99% compared to the previous year[38]. - The total assets of the company reached CNY 876.71 million by the end of 2015[39]. Dividend Policy - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares to all shareholders, based on a total of 265 million shares[4]. - In 2015, the total cash dividend distributed was 21,200,000 RMB, which represents 43.73% of the net profit attributable to shareholders of the listed company, amounting to 48,477,706.11 RMB[97]. - The cash dividend for 2014 was 10,600,000 RMB, accounting for 29.30% of the net profit attributable to shareholders, which was 36,179,269.27 RMB[97]. - The company aims to distribute at least 20% of the annual distributable profit in cash dividends, or 40% of the average distributable profit over the last three years[107]. - The profit distribution policy requires that any adjustments must be approved by the board and shareholders, ensuring transparency and accountability[102]. - The company has maintained a consistent dividend policy over the past three years, with increasing amounts distributed each year[97]. Risk Management - The company acknowledges risks including intensified market competition, loss of core technical personnel, and risks associated with investment and management[4]. - The company has established a comprehensive risk management framework to address potential investment and operational risks[4]. - The company recognizes the risk of intensified market competition in the SPC sector, particularly as new competitors enter emerging markets, which could impact market share and pricing[85]. - The company has implemented a cautious investment strategy for mergers and acquisitions, emphasizing thorough due diligence and post-acquisition integration to enhance profitability[88]. Innovation and Technology - The company operates in the chemical industry, focusing on peroxides and related products, enhancing its market position through innovation[11]. - The company has a total of 24 authorized patents as of the end of the reporting period, indicating a strong focus on technology and innovation[29]. - The company developed a phosphorus-free stabilizer formula for SPC, achieving a wet stability of over 60%, exceeding the industry standard of 50%[30]. - The company has achieved advanced levels in multiple innovative technologies, strengthening its industry position[30]. - The company is actively expanding its product offerings and has invested in new projects, including SPC and R&D facilities[28]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[3]. - The company's board of directors has approved the annual report, ensuring all members were present during the meeting[4]. - The board of directors consists of 9 members, including 3 independent directors, and held 12 meetings during the reporting period[187]. - Independent directors attended all board meetings, with no objections raised against company matters during the reporting period[193]. - The audit committee actively participated in the annual report audit process, ensuring compliance and timely completion of the audit[195]. Market Strategy - The company aims to optimize its market strategy by increasing sales in the Asia-Pacific region and securing freight rates to reduce costs[40]. - The company is focused on developing high-value, high-market-share products around peroxides and functional daily chemical raw materials to drive industry advancement[86]. - The company plans to enhance shareholder returns by increasing cash dividend levels in the upcoming fiscal years[118]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB for potential deals[172]. Employee Management - The company employed a total of 703 staff, with 479 in production, 27 in sales, 75 in technical roles, 13 in finance, and 109 in administration[180]. - The company has a complete employee assessment system to incentivize salary distribution based on performance and job competency[182]. - The total remuneration paid to directors, supervisors, and senior management for the reporting period amounted to CNY 1.7845 million[177]. - The company has established a performance evaluation and incentive mechanism, with a focus on transparency and fairness in assessing management performance[189]. Acquisitions and Investments - The company acquired a 60% stake in Huzhou Jichang Chemical Co., Ltd. for CNY 144 million, which has been included in the consolidated financial statements[55]. - The company plans to accelerate the acquisition of Hangzhou Zhexin to enhance its dual business model in the mobile gaming industry[44]. - The company is actively expanding its market presence through strategic investments and acquisitions, including the acquisition of Huzhou Jichang Company[72]. - The company plans to acquire 100% equity of Hangzhou Zhexin Information Technology Co., Ltd. through a combination of issuing shares and cash payment, with the transaction conditionally approved by the China Securities Regulatory Commission[141].