LETS(SZ:002398)2016-03-28 16:00Financial Performance - The company's operating revenue for 2015 was ¥1,345,320,713.48, a decrease of 24.81% compared to 2014[17]. - The net profit attributable to shareholders for 2015 was ¥202,058,629.37, down 8.94% from the previous year[17]. - The company achieved a revenue of 1.345 billion yuan, a decrease of 24.81% compared to 1.789 billion yuan in the previous year[37]. - Net profit attributable to shareholders was 202 million yuan, down 8.94% from 222 million yuan year-on-year[37]. - The company reported a diluted earnings per share of ¥0.59, a decrease of 9.23% compared to 2014[18]. - The total revenue for the company decreased by 24.81% to CNY 1.35 billion compared to the previous year[45]. Shareholder Returns - The company reported a profit distribution plan of 1 RMB per 10 shares for all shareholders, based on a total of 342,732,000 shares[5]. - The company proposed a cash dividend of RMB 1.00 per 10 shares for the fiscal year 2015, based on a total share capital of 34,273,200 shares, resulting in a total cash dividend of RMB 34,273,200.00[93]. - The net profit attributable to shareholders for 2015 was RMB 202,058,629.37, with a cash dividend payout ratio of 16.96%[95]. - The company has a three-year shareholder return plan (2015-2017) that balances reasonable returns to shareholders with medium to long-term development[93]. - The company plans to maintain a minimum cash dividend ratio of 20% during its growth phase, considering significant capital expenditures[96]. Business Operations and Strategy - The company operates in two main business segments: comprehensive technical services and new materials for additives[27]. - The company has established 13 industrial bases across various provinces and overseas, indicating significant market expansion efforts[28]. - The company continues to focus on technological innovation, service innovation, and model innovation to drive business growth[38]. - The company aims to enhance brand value and promote international market expansion in response to the "Belt and Road" initiative[80]. - The company plans to innovate business models by integrating "Internet+" into its operations, termed "Jianyan+"[81]. Research and Development - The company has formed a professional research team of hundreds of people to enhance its research capabilities and product innovation[32]. - The company established a national postdoctoral research station and a provincial enterprise technology center, enhancing its R&D capabilities[42]. - The company has implemented a new employee training program, investing 5 million RMB to enhance workforce skills and capabilities[151]. - Investment in new technologies has been prioritized, with a budget allocation of 200 million RMB for R&D in the upcoming year, focusing on sustainable construction solutions[150]. Market Conditions and Risks - The company faces risks including market conditions, raw material price fluctuations, human resources, and industry competition[5]. - The company anticipates continued economic downturn in 2016, with a focus on supply-side reforms and industry restructuring[78]. - The company plans to enhance technical innovation and refined management to mitigate the impact of raw material price volatility on profitability[83]. - There is an expectation of significant increases in human resource costs in 2016 due to rising living costs and social security expenses[84]. Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, as stated by its management team[4]. - The company has fulfilled all commitments made during the reporting period, including stock lock-up agreements[99]. - The company reported no non-operating fund occupation by major shareholders or related parties during the reporting period, with a total of 0万元 at the end of the period[108]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring a fully autonomous operational capability[195]. Financial Management - The company has engaged in cash asset management, with a structured deposit of 1,000 million, yielding an actual return of 3.35 million[133]. - The company reported a total of 6,000 million in guaranteed floating income for the year 2015, with a significant increase from 4,000 million in 2014, representing a growth of 50%[136]. - The company has maintained a consistent accounting policy with no changes in accounting estimates or methods compared to the previous year[109]. - The company has a dedicated financial department with an independent accounting system and financial management policies, allowing for autonomous financial decision-making[196]. Employee and Management Structure - The total number of employees in the company is 1,726, with 788 in production, 165 in sales, and 499 in technical roles[185]. - The total pre-tax compensation for the chairman and president, Cai Yongtai, is 702,400 CNY[182]. - The total pre-tax compensation for the executive vice president, Ma Xiuxing, is 733,400 CNY[182]. - The company has implemented a performance-based salary strategy, linking compensation to employee performance[187]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[113]. - The company has not reported any major guarantees or leasing situations that could impact its financial stability[127][125]. - The independent directors actively participate in board meetings and have consistently fulfilled their responsibilities, with no instances of neglect[199].