COMPLANT(SZ:000151)2016-03-29 16:00Financial Performance - The company's operating revenue for 2015 was ¥1,212,434,848.37, a decrease of 52.23% compared to ¥2,537,959,290.48 in 2014[16]. - The net profit attributable to shareholders for 2015 was ¥134,586,529.25, an increase of 18.71% from ¥113,376,783.47 in 2014[16]. - The basic earnings per share for 2015 was ¥0.4547, up 18.69% from ¥0.3831 in 2014[16]. - The total assets at the end of 2015 were ¥2,415,670,229.91, a decrease of 17.26% from ¥2,919,638,409.89 at the end of 2014[16]. - The net assets attributable to shareholders increased by 1.30% to ¥1,008,657,700.60 at the end of 2015 from ¥995,743,263.02 at the end of 2014[16]. - The company reported a net profit of CNY 153,718,016.59 for the year 2015, with a total distributable profit of CNY 157,127,900.15 after adding the previous year's retained earnings[79]. - The proposed cash dividend for 2015 is CNY 4.0 per 10 shares, based on a total share capital of 29,598 million shares, resulting in a total distribution of CNY 141,756,098.49[79]. - The cash dividend payout ratio for 2014 was 104.42%, while in 2015 it was 87.97%[82]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥-450,875,342.67, a decline of 158.68% compared to ¥768,365,620.27 in 2014[16]. - The company reported a net cash outflow from investment activities of ¥8,013,339.51, reflecting a 363.98% increase in cash outflow due to increased investments in fixed assets and software projects[55]. - The company's cash and cash equivalents decreased by ¥533,495,852.18, marking a 178.88% decline compared to the previous year[55]. Revenue Sources and Market Presence - The company executed an import and export trade volume of 1,734 million USD in 2015, with new contracts signed amounting to 2,000 million USD[27]. - The company has established a strong brand presence in Asia, Africa, and Latin America, particularly through its "COMPLANT" brand[26]. - The company is actively pursuing new markets and projects, including contracts in Kenya and Barbados, as part of the Belt and Road Initiative[26]. - The company's overseas revenue accounted for 98.85% of total revenue, highlighting its focus on international markets[44]. - The total revenue from complete equipment and technology import and export business reached ¥1,055,952,901.09, representing a year-on-year increase of 19.44%[47]. Operational Challenges - The company reported a loss of 3,211,773.54 due to natural disasters, specifically fire damage, impacting its asset impairment provisions[22]. - The subsidiary China-Togo Limited reported a total loss of CNY 16,787,869.46 for the year, which is an increase in loss of CNY 12,930,143.78 compared to the previous year due to low international sugar prices and asset impairment[70]. - The company faced challenges in recovering amounts owed, with ongoing litigation affecting its financial position[96]. Corporate Governance and Compliance - The company has established a clear and compliant profit distribution policy, ensuring the protection of minority shareholders' rights[78]. - The company has engaged a new auditing firm, Lixin Certified Public Accountants, for the 2015 financial audit, with an audit fee of CNY 550,000[92]. - The audit committee emphasized that the financial statements for 2015 were prepared in accordance with accounting standards and were reliable and complete[167]. - The company maintained effective internal financial reporting controls as of December 31, 2015, according to the internal control audit report[176]. Employee and Management Information - The total number of employees in the company is 383, with 351 in the parent company and 32 in major subsidiaries[149]. - The average salary for executives is CNY 750,400 per person, while the average salary for all employees is CNY 209,400 per person[153]. - The company has established a salary distribution system linked to performance, responsibilities, and risks[150]. Shareholder Information - The total number of shareholders at the end of the reporting period was 41,800, compared to 46,351 at the end of the previous month[129]. - The largest shareholder, China Complete Equipment Import and Export (Group) Corporation, holds 45.36% of the shares, totaling 134,252,133 shares, with a decrease of 7,000,000 shares during the reporting period[130]. - The company reported a total of 295,980,000 shares outstanding, with 9.95% being restricted shares and 90.05% being unrestricted shares[127].