NAURA(SZ:002371)2016-03-30 16:00Financial Performance - The company's operating revenue for 2015 was CNY 854,458,663.60, a decrease of 11.15% compared to CNY 961,734,097.25 in 2014[16]. - The net profit attributable to shareholders for 2015 was CNY 38,647,919.60, down 7.70% from CNY 41,872,386.28 in 2014[16]. - The net profit after deducting non-recurring gains and losses was CNY -4,954,982.70, a decline of 328.78% compared to CNY 2,165,786.95 in 2014[16]. - The net cash flow from operating activities was CNY -43,554,941.67, a decrease of 146.92% from CNY 92,833,251.76 in 2014[16]. - Basic earnings per share for 2015 were CNY 0.11, down 8.33% from CNY 0.12 in 2014[16]. - In 2015, the company's total revenue for the four quarters was approximately CNY 854 million, with the fourth quarter contributing the highest revenue of CNY 331.87 million, representing a significant increase compared to previous quarters[21]. - The net profit attributable to shareholders for the year was CNY 38.65 million, with a notable loss of CNY 0.78 million in the fourth quarter, indicating volatility in profitability[21]. - The company’s net profit attributable to shareholders was 386.48 million yuan, a decline of 7.70% compared to the previous year[41]. - The gross margin for electronic components was 56.64%, while electronic equipment had a gross margin of 21.27%[45]. Assets and Investments - Total assets at the end of 2015 were CNY 4,179,839,194.74, an increase of 7.56% from CNY 3,886,159,590.16 at the end of 2014[16]. - The net assets attributable to shareholders at the end of 2015 were CNY 1,869,450,383.95, up 2.11% from CNY 1,830,872,175.21 at the end of 2014[16]. - The company's fixed assets increased by 62.28% year-on-year to CNY 1.01 billion, primarily due to the completion of construction projects being transferred to fixed assets[27]. - The intangible assets rose by 59.37% year-on-year to CNY 1.10 billion, mainly attributed to R&D expenditures being capitalized as intangible assets[27]. - The company’s investment activities generated a net cash flow of -¥66,935,727.41, an improvement of 65.46% compared to the previous year[58]. Research and Development - The company has a strong R&D focus, with approximately 30% of its workforce engaged in research, and has obtained a total of 475 patents, including 128 invention patents by the end of 2015[30]. - The company completed the R&D and industrialization of several semiconductor equipment projects, enhancing its technology capabilities from 65nm-45nm-28nm to 28nm-14nm[39]. - The company’s R&D investment reached ¥248,442,313.48, an increase of 7.69% compared to the previous year, with R&D expenses accounting for 29.08% of operating revenue[55]. - The number of R&D personnel decreased by 4.30% to 713, while the proportion of R&D personnel remained stable at 28.00%[55]. Market Position and Strategy - The company is a leading player in the semiconductor equipment industry, with its products widely used in sectors such as solar energy, TFT-LCD, and power electronics[26]. - The company has established a competitive strategy focusing on high technology, high reliability, and high market share, leveraging national key research projects to enhance its R&D and production capabilities[29]. - The company is actively expanding into the lithium-ion battery equipment sector, which is part of its new energy strategy, targeting applications in electric vehicles and energy storage[29]. - The company anticipates continued growth in the high-precision electronic components sector, driven by increasing domestic demand in aerospace, defense, and security industries during the 13th Five-Year Plan period[83]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares to all shareholders[4]. - The cash dividend represents 27.34% of the net profit attributable to shareholders in 2015, which was 38,647,919.60 RMB[103]. - The company has a policy to distribute at least 10% of the distributable profit as cash dividends when conditions are met[96]. - The company’s retained earnings for future distribution are 456,998,993.89 RMB[104]. Risks and Challenges - The company faces potential risks in its future development as outlined in the management discussion section[4]. - The company is addressing potential risks related to the cyclical nature of the integrated circuit industry and the high R&D costs associated with technology development[88]. - The company recognizes the importance of attracting and retaining technical talent to mitigate human resource risks in the semiconductor industry[90]. Corporate Governance and Compliance - The company has established a complete decision-making process for profit distribution, ensuring shareholder interests are prioritized[99]. - The company has maintained strict compliance with commitments made regarding avoiding direct or indirect competition with its controlling shareholder, ensuring no overlap in business operations[109]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[110]. - The governance structure includes a board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[184]. Future Outlook - The company aims for a revenue target of CNY 1,056 million and a net profit of CNY 39.5 million for 2016[85]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[173]. - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and increase market competitiveness[174].