SCIYON(002380)2017-04-26 16:00Financial Performance - The company's operating revenue for 2016 was CNY 512,680,944.89, representing a 21.32% increase from CNY 422,591,659.07 in 2015[16] - The net profit attributable to shareholders for 2016 was CNY 82,485,127.45, a 34.62% increase compared to CNY 61,273,367.50 in 2015[16] - The net profit after deducting non-recurring gains and losses was CNY 68,098,697.75, up 25.48% from CNY 54,271,124.58 in 2015[16] - The basic earnings per share for 2016 was CNY 0.36, a 20.00% increase from CNY 0.30 in 2015[16] - The total assets at the end of 2016 were CNY 2,252,133,503.25, a 79.36% increase from CNY 1,255,647,787.23 at the end of 2015[16] - The net assets attributable to shareholders at the end of 2016 were CNY 1,967,375,096.30, a 100.74% increase from CNY 980,062,383.83 at the end of 2015[16] - The cash flow from operating activities for 2016 was CNY 24,634,349.12, which is a 22.35% increase from CNY 20,134,817.66 in 2015[16] - The company reported a weighted average return on equity of 4.84% for 2016, down from 6.38% in 2015[16] Revenue Breakdown - The process automation system contributed ¥332,077,797.44, accounting for 64.77% of total revenue, with a growth of 15.75% from the previous year[38] - The flow industrial information system saw a significant increase in revenue by 45.15%, reaching ¥68,913,216.24, which is 13.44% of total revenue[38] - The company’s revenue from the robotics and intelligent manufacturing segment was ¥57,990,282.49, reflecting a growth of 20.16% year-on-year[38] Investment and R&D - R&D expenses totaled ¥52.72 million, accounting for 10.28% of operating revenue, with 21 new patents granted during the reporting period[30] - The company has accumulated a total of 110.18 million RMB in pre-invested funds for various projects as of March 31, 2016[63] - The company invested CNY 8,644,512.21 in development expenditures, up from CNY 7,572,378.59, indicating a growth of 14.2%[185] Cash and Cash Equivalents - The company’s cash and cash equivalents increased by ¥552.16 million, a growth rate of 200.60% due to a non-public stock issuance[27] - Cash and cash equivalents reached CNY 821,470,901.72, significantly up from CNY 260,498,178.65, marking an increase of 215.5%[184] - The total cash and cash equivalents at the end of the period amounted to CNY 827,157,389.37, up from CNY 274,395,803.15 at the beginning of the period, reflecting a net increase of CNY 552,761,586.21[198] Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 23,999,164.90 based on 239,991,649 shares[4] - The total cash dividend amount for 2016 is 23,999,164.90 yuan, which represents 100% of the distributable profit[84] - The cash dividend payout ratio for 2016 is 29.10% of the net profit attributable to ordinary shareholders[84] Market Position and Strategy - The company signed sales contracts in the process industrial information business, ranking first in the domestic industry for open competition[33] - The market share in the process automation control system business continues to rise, maintaining a top three position in the domestic market[33] - The company aims to expand its market share by leveraging product cost-performance advantages and innovative product features in both incremental and existing markets[69] Corporate Governance - The current auditor is Jiangsu Gongzheng Tianye Accounting Firm, with an audit fee of 480,000 RMB and a continuous service period of 13 years[91] - The company has established a complete independent governance structure, complying with relevant laws and regulations[154] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, institutions, and finance[156] Risk Management - The company recognizes macroeconomic and policy risks that could impact sales and revenue growth, and it plans to adapt quickly to changes in the economic environment[74] - The company faces market competition risks from foreign brands and aims to maintain its competitive edge through high cost-performance products and comprehensive industry solutions[74] - The company is focused on talent retention and development to mitigate risks associated with talent loss in a competitive industry[74] Employee and Management Structure - The total number of employees in the company is 975, with 767 in the parent company and 208 in major subsidiaries[148] - The company has 555 technical personnel, 187 sales personnel, and 151 production personnel, indicating a strong focus on technical expertise[149] - The company emphasizes performance-based remuneration for its management, aligning incentives with annual operational goals[146] Compliance and Transparency - The company has maintained compliance with environmental regulations, having not received any administrative penalties or pollution incidents during the reporting period[113] - The company has ensured compliance and transparency in its cash dividend policy adjustments and shareholder rights protection[80] - There were no major lawsuits or arbitration matters during the reporting period[93]