TECON(SZ:002100)2016-04-18 16:00Market Position and Revenue - The company achieved an 80% market share in the Urumqi branded meat market with its traceable meat products[3]. - The feed products have maintained the top production and sales volume in Xinjiang for 16 consecutive years[4]. - The company's operating revenue for 2015 was CNY 4,167,289,410, a decrease of 1.63% compared to CNY 4,236,368,259 in 2014[28]. - The total revenue for 2015 was CNY 4,167,289,410.30, a decrease of 1.63% compared to CNY 4,236,368,259.94 in 2014[45]. - Revenue from Xinjiang region accounted for 55.42% of total revenue, increasing by 2.63% from CNY 2,250,294,444.23 in 2014 to CNY 2,309,560,895.74 in 2015[45]. - Revenue from outside Xinjiang decreased by 6.46% to CNY 1,857,728,514.56, down from CNY 1,986,073,815.71 in 2014[45]. - The company reported a quarterly revenue of CNY 1,085,175,153.77 in Q3 2015, the highest among the four quarters[33]. - The company reported a significant increase in revenue for 2015, reaching a total of 1.2 billion RMB, representing a growth of 15% compared to 2014[186]. Profit and Financial Performance - The net profit attributable to shareholders for 2015 was CNY 245,793,190.35, representing an increase of 4.30% from CNY 235,649,046.41 in 2014[28]. - The total profit for the year was CNY 269,951,379.66, reflecting a growth of 4.3% compared to the previous year[44]. - The net profit reached CNY 244,813,646.07, which is a 6.5% increase year-on-year, with the net profit attributable to shareholders amounting to CNY 245,793,190.35, up by 4.3%[44]. - The basic earnings per share for 2015 remained at CNY 0.27, unchanged from 2014[29]. - The weighted average return on equity for 2015 was 10.90%, a decrease of 0.55% from 11.45% in 2014[29]. - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares to shareholders[16]. - The company distributed a cash dividend of 1.2 CNY per 10 shares for the fiscal year 2015, totaling 115,606,152.96 CNY, which represents 47.03% of the net profit attributable to shareholders[113]. - The company reported a net profit of 245,793,190.35 CNY for 2015, with a cash dividend payout ratio of 100% for the current profit distribution plan[114]. Investment and Development - The company has invested nearly 1.5 billion RMB in financial support for the agricultural sector since 2009[6]. - The company plans to launch a cloud platform by the end of the year, integrating various agricultural services[7]. - The company is investing 50 million RMB in research and development for advanced biotechnologies over the next three years[186]. - The company plans to invest 90 million CNY in the expansion of its modern breeding farm for original breeding pigs[97]. - The company is committed to reducing reliance on imported breeding stock by strengthening its breeding system[87]. - The company is focusing on enhancing its comprehensive competitiveness by integrating resources across its entire industry chain[96]. Research and Development - The company has developed management information systems for egg-laying hens and pig farming, with mobile apps set to launch in May 2016[4]. - The company is developing a recombinant H5 subtype inactivated vaccine for avian influenza, which is expected to receive new veterinary drug certification between April and July 2016[60]. - A new E2 recombinant baculovirus inactivated vaccine for swine fever is undergoing verification and is anticipated to obtain certification between October and December 2016[61]. - The company has submitted a registration application for a PCV2 recombinant baculovirus subunit inactivated vaccine, currently awaiting preliminary review[62]. - The company is also working on a Mycoplasma pneumonia inactivated vaccine, expected to receive new veterinary drug certification between October and December 2016[63]. - A foot-and-mouth disease O-type synthetic peptide vaccine is expected to obtain new veterinary drug certification between May and July 2016[64]. Operational Efficiency and Cost Management - The cost of feed accounted for 64.05% of total operating costs, decreasing from 71.85% in 2014, with a total cost of CNY 2,086,698,071.91[52]. - The company's total operating costs for feed business accounted for 64.05% of total operating costs, while the processing of agricultural products accounted for 12.66%[54]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management[186]. Shareholder and Corporate Governance - The company has established measures to ensure the independence of its operations, assets, and finances from its controlling shareholders[118]. - The company has committed to complying with laws and regulations, avoiding any illegal activities that could lead to penalties or loss of assets[118]. - The company has engaged in multiple investor relations activities throughout the reporting period to maintain transparency and communication with stakeholders[106]. - The company has commitments from shareholders and related parties to not transfer shares obtained through transactions for 36 months and 12 months, respectively, after listing[116]. - The company has not engaged in any significant related party transactions during the reporting period[133]. Employee and Talent Management - The company has established a comprehensive talent training system to enhance employee skills and satisfaction, contributing to a harmonious workplace environment[4]. - The total number of employees in the company is 2,933, with 616 in the parent company and 2,317 in major subsidiaries[198]. - The professional composition includes 937 production personnel, 1,021 sales personnel, 471 technical personnel, 183 financial personnel, 87 administrative personnel, and 234 others[198]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 4.19 million yuan[196]. - The company emphasizes a performance-oriented culture to enhance employee income through individual performance improvements[199]. Future Outlook and Strategic Goals - The company provided a positive outlook for 2016, projecting a revenue growth of 10% to 1.32 billion RMB[186]. - The company plans to expand its market presence in Southeast Asia, targeting a 5% market share by 2018[186]. - A strategic acquisition of a local competitor was announced, which is expected to enhance production capacity by 30%[186]. - The company aims to increase its distribution network by 25% in 2016, enhancing accessibility for customers[186]. - A new marketing strategy focusing on digital channels is expected to increase brand awareness by 40% within the next year[186].