SACRED SUN(SZ:002580)2016-03-30 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares to all shareholders, based on a total of 221,009,917 shares[4]. - The company achieved a net profit of RMB 33.29 million for the year 2015, with a profit distribution plan proposing a cash dividend of RMB 0.5 per 10 shares, totaling RMB 1.105 million[78]. - The company distributed cash dividends amounting to RMB 11.05 million in 2015, representing 33.58% of the net profit attributable to shareholders[80]. Financial Performance - The company's operating revenue for 2015 was CNY 1,379,761,642.77, representing a 10.72% increase compared to CNY 1,246,124,972.28 in 2014[16]. - The net profit attributable to shareholders for 2015 was CNY 32,903,192.69, a significant increase of 69.65% from CNY 19,394,777.36 in 2014[16]. - The net profit after deducting non-recurring gains and losses reached CNY 22,863,597.86, marking a 137.29% increase from CNY 9,635,476.23 in 2014[16]. - The company's total assets increased by 13.76% to CNY 1,804,903,759.47 at the end of 2015, up from CNY 1,586,592,479.76 at the end of 2014[16]. - The net assets attributable to shareholders rose by 37.45% to CNY 1,131,582,003.68 at the end of 2015, compared to CNY 823,258,991.25 at the end of 2014[16]. - The total operating profit for the year was CNY 25,634,905.08, an increase from CNY 9,706,190.81 in the previous year, representing a significant growth[198]. - The total profit amounted to CNY 37,452,451.94, compared to CNY 21,218,549.61 in the prior year, indicating a year-over-year increase of approximately 76.3%[198]. - The net profit attributable to the parent company was CNY 32,903,192.69, up from CNY 19,394,777.36, reflecting a growth of about 69.9%[198]. Share Capital and Structure - The total share capital after the capital reserve transfer in 2015 increased to 221,009,917 shares, following a transfer of 8 shares for every 10 held[78]. - The company has a total of 223,275,847 shares outstanding after a non-public offering of 13,892,815 shares and a capital reserve conversion of 97,606,332 shares[118]. - The company issued 13,892,815 shares at a price of 18.4 CNY per share on February 12, 2015, and these shares were listed on March 23, 2015[124]. - Following the issuance, the total share capital increased from 108,115,100 shares to 122,007,915 shares[125]. - A capital increase of 97,606,332 shares was executed on April 30, 2015, resulting in a new total of 219,614,247 shares[125]. - The company granted 5,723,500 restricted stock units to 253 incentive targets on December 18, 2015, increasing the total share capital to 223,275,847 shares[125]. Business Operations and Strategy - The company reported significant changes in its business scope, including the addition of energy-saving products and technology development since 2011[14]. - The company is actively expanding its international business by optimizing foreign market resources and establishing an international marketing system[37]. - The company plans to increase its lithium battery business by actively expanding into the energy storage and power markets, focusing on advanced, effective, and economical battery projects[70]. - The company aims to become a leading green energy system solution provider by leveraging its product and technology advantages in the energy storage, backup, and power battery markets[68]. - The company is implementing an ERP system and initiating a three-year TPM management project to enhance operational efficiency and management levels[38]. Research and Development - The company has established a complete and systematic technology R&D system, including high-end research platforms and partnerships with renowned enterprises and universities[27]. - The company successfully developed a deep-cycle, long-life FCP lead-carbon battery in collaboration with Furukawa Battery, reducing the cost of energy storage to approximately 0.5 CNY per kWh[34]. - The company will strengthen its technical team to enhance research and development capabilities, aiming to create maximum value for customers[69]. Risk Management - The company emphasizes the importance of risk factors such as environmental risks, exchange rate risks, and raw material price fluctuations in its management discussion[4]. - The company has implemented measures to reduce the adverse effects of exchange rate fluctuations on its performance, including diversifying settlement currencies and shortening sales collection periods[71]. - The company has faced increasing environmental compliance pressures due to new regulations in the lead-acid battery industry, necessitating higher automation and environmental investment[71]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure fair information disclosure[110]. - The governance structure complies with relevant laws and regulations, ensuring equal rights for all shareholders, especially minority shareholders[157]. - The board of directors operates transparently, with independent directors actively participating in decision-making processes[159]. - The company has a transparent information disclosure system, ensuring timely and accurate communication with investors[160]. Employee Management - The company emphasizes employee rights protection and has implemented a complete human resources system to enhance employee training and development[111][112]. - The company has established a performance management system and adheres to fair compensation principles, ensuring compliance with labor laws and regulations[153]. - The company emphasizes employee training, implementing annual training plans based on departmental needs[154]. Audit and Compliance - The company has maintained a continuous relationship with the accounting firm for 9 years, with an audit fee of 400,000 RMB for the period[88]. - The audit opinion was a standard unqualified opinion, confirming that the financial statements fairly represent the company's financial position[185]. - The company reported no significant deficiencies in internal controls for both financial and non-financial reports[178].