TINCI(SZ:002709)2017-04-10 16:00Financial Performance - The company's operating revenue for 2016 was ¥1,837,246,541.21, representing a 94.25% increase compared to ¥945,804,747.08 in 2015[18]. - The net profit attributable to shareholders for 2016 was ¥396,327,889.38, a significant increase of 298.10% from ¥99,555,957.77 in 2015[18]. - The net cash flow from operating activities for 2016 was ¥233,715,235.86, up 159.16% from ¥90,183,403.06 in 2015[18]. - The company achieved a basic earnings per share of ¥1.23 in 2016, which is a 272.73% increase from ¥0.33 in 2015[18]. - The total assets at the end of 2016 were ¥2,335,382,531.14, reflecting a 43.61% increase from ¥1,626,250,741.75 at the end of 2015[19]. - The net assets attributable to shareholders at the end of 2016 were ¥1,627,573,160.31, a 37.57% increase from ¥1,183,051,843.22 at the end of 2015[19]. - In 2016, the company achieved a revenue of ¥1,837,246,541.21, representing a year-on-year growth of 94.25%[46]. - The net profit attributable to shareholders reached ¥396,327,889.38, with a significant increase of 298.10% year-on-year[46]. - The lithium-ion battery materials segment saw a revenue increase of 169.28%, totaling ¥1,225,114,678.40, making up 66.68% of total revenue[56]. Dividend Policy - The company reported a cash dividend of 2.00 RMB per 10 shares, based on a total of 325,041,305 shares[5]. - The company plans to distribute a cash dividend of 2.0 CNY per 10 shares, totaling 65,008,261 CNY, which represents 100% of the profit distribution for the year 2016[132]. - In 2015, the company distributed a cash dividend of 1.8 CNY per 10 shares, totaling 23,425,891.56 CNY, which accounted for 23.53% of the net profit attributable to shareholders[130]. - The company’s cash dividend policy emphasizes a minimum cash dividend ratio of 20% during its growth phase, ensuring sustainable returns to shareholders[132]. - The company has established a shareholder return plan that includes a review of the dividend policy at least every three years, considering shareholder feedback and operational data[128]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations[16]. - The company operates several wholly-owned subsidiaries, including Tinci Silicon and Tinci Lithium, which contribute to its diverse product offerings[9]. - The company focuses on the production of lithium-ion battery materials, including electrolyte and lithium hexafluorophosphate, which are critical for battery performance[10]. - The company’s organic silicon rubber materials are primarily used in the power and electronics industries, showcasing its technological capabilities[10]. - The company has established partnerships with multinational corporations such as Procter & Gamble and Unilever, enhancing its international market presence[38]. - The company is focusing on vertical integration and horizontal collaboration through acquisitions to strengthen its supply chain and market position[36]. - The company plans to enhance its R&D capabilities by shifting the focus of its R&D center to Jiujiang, which is expected to improve the efficiency of technology transfer and increase production and R&D synergy[94]. Research and Development - The company has invested in R&D, establishing a new innovation center in Jiujiang to enhance its research capabilities and product development[39]. - The total R&D investment amounted to ¥99,062,898.33, representing an 86.26% increase from the previous year[67]. - The number of R&D personnel increased by 30.22% to 237, accounting for 14.78% of the total workforce[67]. - A total of 236 patents were applied for, with 73 patents granted, including 57 invention patents, reflecting the company's commitment to innovation[49]. Risk Management - The company emphasizes the importance of risk awareness among investors regarding future plans and forecasts[5]. - The company has a comprehensive risk management strategy in place to address potential operational risks[5]. - Raw material costs account for approximately 80% of the company's production costs, and significant fluctuations in raw material prices could impact profitability[117]. - The company aims to manage credit terms dynamically and strengthen collection efforts to ensure cash flow amid potential financial pressures from the electric vehicle industry[116]. Market Trends and Outlook - The company anticipates continued growth in the domestic lithium battery market driven by government support for new energy vehicles and energy storage solutions[101]. - The market for lithium hexafluorophosphate is expected to face increased competition starting in 2017, with a potential oversupply in the long term[102]. - The company’s fine chemical materials are seeing growth in demand due to rising consumer awareness of green and organic materials[100]. - The domestic personal care market is experiencing steady growth, with local brands challenging multinational companies[99]. Environmental and Social Responsibility - The company has implemented various energy-saving and environmental protection projects, enhancing operational efficiency and sustainability[51]. - The company is committed to improving its safety and environmental management systems to meet international standards, including investments in fire prevention and wastewater treatment systems[111]. - The company participated in various social welfare activities, donating a total of 416,600 RMB during the reporting period[190]. - The company’s subsidiary, Jiujiang Tianci, is listed as a key pollutant discharge unit, with specific emissions reported for various pollutants[191]. Shareholder and Investor Relations - The company has committed to ensuring that minority shareholders have the opportunity to express their opinions and that their rights are protected[129]. - The company emphasizes the importance of stakeholder communication in its profit distribution decisions, particularly with minority shareholders[125]. - The company will ensure that the implementation of share repurchase measures does not affect its compliance with listing conditions[134]. Financial Management - The company has a total of RMB 51,207.48 million in raised funds, with 11.73% of the funds having been repurposed[85]. - The company has established a governance structure to protect shareholder rights, focusing on stable profit distribution policies[185]. - The company has a three-year dividend return plan for shareholders post-listing[185].