SCIYON(002380)2018-04-24 16:00Financial Performance - The company's operating revenue for 2017 was CNY 590,941,789.18, representing a 15.27% increase compared to CNY 512,680,944.89 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 109,223,296.76, a 32.42% increase from CNY 82,485,127.45 in 2016[16]. - The net profit after deducting non-recurring gains and losses was CNY 91,582,909.99, up 34.49% from CNY 68,098,697.75 in 2016[16]. - The net cash flow from operating activities surged to CNY 138,692,712.28, a remarkable increase of 463.01% compared to CNY 24,634,349.12 in 2016[16]. - Basic earnings per share for 2017 were CNY 0.46, reflecting a 27.78% increase from CNY 0.36 in 2016[16]. - The total profit for the current period was ¥120,599,747.82, up from ¥95,159,347.38 in the previous period, marking an increase of approximately 26.8%[197]. - Operating profit rose to ¥121,423,545.32, compared to ¥66,332,796.61 in the previous period, showing a significant increase of about 83.2%[197]. Assets and Liabilities - Total assets at the end of 2017 amounted to CNY 2,413,265,935.43, a 7.15% increase from CNY 2,252,133,503.25 at the end of 2016[16]. - The company's total assets reached CNY 2,424,409,321.59, up from CNY 2,249,910,398.20 at the beginning of the year, reflecting a growth of 7.8%[189]. - Total liabilities increased to CNY 365,199,124.04, compared to CNY 271,473,136.59 at the start of the year, marking a rise of 34.6%[190]. - The company's equity attributable to shareholders rose to CNY 2,059,210,197.55, up from CNY 1,978,437,261.61, indicating a growth of 4.1%[190]. Research and Development - The company invested CNY 67.96 million in R&D during the reporting period, accounting for 11.50% of its operating revenue, to maintain its technological leadership[29]. - The company added 16 new patents during the reporting period, including 7 invention patents, bringing the total number of valid patents to 109[48]. - The number of R&D personnel increased by 3.81% to 245, while the proportion of R&D personnel in total staff decreased by 1.12% to 23.85%[50]. Market and Sales - The industrial automation and information technology segment contributed 589.95 million yuan, accounting for 99.83% of total revenue, with a growth of 15.07%[36]. - The industrial internet segment saw a revenue of 154.41 million yuan, marking a 21.68% increase year-on-year[37]. - The East China region generated 381.16 million yuan, representing 64.61% of total revenue, with an 11.70% increase from the previous year[37]. - The company signed contracts with major clients, including the world's largest single-axis thermal power project, enhancing its market position[33]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, based on a total of 239,991,649 shares[4]. - The company’s profit distribution plan for 2017 includes a total distributable profit of CNY 371,411,778.76 after accounting for reserves and previous distributions[79]. - The total cash dividend distributed to shareholders for 2017 was CNY 35,998,747.35, representing 100% of the total distributable profit of CNY 371,411,778.76[84]. Corporate Governance - The company has established a comprehensive corporate governance structure, complying with relevant laws and regulations, with key governance documents approved by the shareholders' meeting[156]. - Independent directors actively participated in board meetings and provided independent opinions on company matters, with no dissenting views reported during the period[162]. - The audit committee conducted thorough reviews of financial information and emphasized strict auditing standards during the annual report audit[163]. Risk Management - The company emphasizes the importance of understanding the risks associated with market conditions and competition in its future outlook[4]. - The company is aware of macroeconomic and policy risks that could impact sales and revenue growth, and it is committed to adapting to these challenges[73]. - The management emphasized the importance of internal controls related to financial investments to mitigate risks associated with revenue recognition[176]. Employee and Management - The total number of employees in the company is 984, with 775 in the parent company and 209 in major subsidiaries[150]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounts to 638.59 million yuan[149]. - The company has established a structured performance evaluation and incentive system for senior management, aligning their goals with the company's annual objectives[165]. Environmental and Social Responsibility - The company strictly adhered to environmental protection laws and did not face any administrative penalties during the reporting period[114]. - The company donated a total of 50,000 yuan for poverty alleviation in 2017[116]. - The company provided interest-free loans to employees for housing, alleviating their financial pressure[112].