Sino-Microelectronics(SH:600360)2020-04-29 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.25 CNY per 10 shares, totaling 24,099,282.60 CNY for the year 2019[6]. - The total number of shares for the dividend distribution is based on the existing total share capital of 963,971,304 shares[6]. - The remaining profit of 40,897,112.81 CNY will be carried forward for future distribution[6]. - The company’s cash dividend policy stipulates that cash distributions should not be less than 20% of the distributable profit for the year, with a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[82]. - In 2019, the company distributed a cash dividend of 0.25 CNY per 10 shares, totaling 24,099,282.60 CNY, which represents 37.08% of the net profit attributable to ordinary shareholders[86]. - In 2018, the cash dividend was 0.35 CNY per 10 shares, amounting to 33,749,495.64 CNY, accounting for 31.84% of the net profit attributable to ordinary shareholders[86]. - In 2017, the company paid a cash dividend of 0.20 CNY per 10 shares, totaling 15,031,760.00 CNY, which was 15.85% of the net profit attributable to ordinary shareholders[86]. Financial Performance - In 2019, the company's operating revenue was approximately ¥1.66 billion, a decrease of 3.09% compared to 2018[23]. - The net profit attributable to shareholders was approximately ¥64.99 million, down 38.69% from the previous year[23]. - The net cash flow from operating activities was approximately ¥160.93 million, reflecting a significant decline of 61.99% year-over-year[23]. - The company's total assets increased by 31.16% to approximately ¥5.75 billion by the end of 2019[23]. - The basic earnings per share decreased by 50% to ¥0.07 in 2019 compared to ¥0.14 in 2018[23]. - The company achieved operating revenue of CNY 1,656,485,627.44, a decrease of 3.09% year-on-year[40]. - The net profit attributable to shareholders was CNY 64,996,395.41, down 38.69% compared to the previous year[40]. - The net cash flow from operating activities decreased by 61.99% to CNY 160,928,274.45, primarily due to lower cash receipts from sales[43]. - Investment income rose significantly by 217.03% to CNY 17,174,801.00, driven by higher returns from bank wealth management and joint venture investments[40]. - The gross margin decreased by 2.22 percentage points to 20.37%[48]. - The total revenue for the company was $1,652,020,165.40, a decrease of 2.74% compared to the previous year[48]. Operational Highlights - The company has established a comprehensive product system in power semiconductor devices, including high-end diodes and IGBTs[30]. - The company is actively expanding into emerging fields such as new energy vehicles and industrial applications, achieving positive results[30]. - The company has a production capacity of 4 million wafers per year and is constructing an 8-inch production line expected to enhance manufacturing capabilities[32]. - The company has been recognized as a national and provincial-level technology innovation enterprise, holding multiple core patents in the power device field[32]. - The company is focusing on technological innovation and product development to strengthen its market position in high-end semiconductor applications[32]. - The company completed the development of the full series of 360V-1350V Trench-FS IGBT products, accelerating expansion in the new energy vehicle and industrial sectors[35]. - The company is focusing on expanding its market presence in strategic emerging fields, particularly in semiconductor product localization[35]. Risk Management - The company reported no significant risks affecting its operations during the reporting period[8]. - The company recognizes the risks posed by macroeconomic fluctuations and intensified competition in the semiconductor industry, which could significantly impact its performance[79]. - The company is enhancing its internal control systems to mitigate operational risks and ensure stable performance growth[37]. - The company has maintained a good integrity status during the reporting period[96]. - The company has not faced any risks of suspension or termination of listing[96]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghua Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4]. - The audit firm, Zhonghua CPA, has been retained for the 2019 financial report audit with a fee of 650,000 CNY[94]. - The internal control audit will also be conducted by Zhonghua CPA for a fee of 450,000 CNY[94]. - There are no significant litigation or arbitration matters reported for the year[96]. - The company has not encountered any insider trading incidents during the reporting period, ensuring fair information disclosure[196]. Shareholder Information - The company completed the repurchase and cancellation of 710,000 restricted shares on January 14, 2019, as part of its stock incentive plan[97]. - The total number of ordinary shares increased to 964,271,304, with a decrease of 300,000 shares due to the cancellation of restricted stocks[133]. - The company’s total share capital changed from 751,324,000 to 964,271,304 shares after the rights issue[138]. - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., holds 225,553,206 shares, representing 23.40% of total shares, with 145,177,673 shares pledged[144]. - The company has not experienced any negative audit opinions or internal control issues in the last accounting year[153]. Employee and Management - The company has a total of 2,018 employees, with 1,186 in production, 67 in sales, and 606 in technical roles[184]. - The total remuneration for all directors, supervisors, and senior management personnel in 2019 was 3.0076 million yuan[179]. - The company has established a fair and transparent compensation and performance management system for senior management, linking monthly salaries to annual economic indicators[187]. - The company has seen a 10% increase in technical personnel, highlighting its investment in R&D[184]. - The company is actively seeking to fill the vacant position of board secretary following the resignation of the previous CEO and board secretary[180]. Environmental Responsibility - All pollution control facilities are operating normally, ensuring that water and air pollutants are treated to meet discharge standards[119][122]. - The company has implemented an environmental monitoring plan in compliance with legal regulations[125]. - The company has developed an emergency response plan for environmental incidents, which has been filed with the local ecological environment bureau[124]. - The company has obtained the necessary environmental protection administrative permits for its construction projects[126].