NBYS(SH:600366)2020-04-16 16:00Financial Performance - The company's operating revenue for 2019 was CNY 1,945,741,771.63, a decrease of 3.99% compared to CNY 2,026,498,471.89 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 49,680,993.46, down 44.38% from CNY 89,328,734.50 in 2018[23] - The basic earnings per share for 2019 was CNY 0.0508, a decrease of 43.87% compared to CNY 0.0905 in 2018[26] - The company's revenue for the reporting period was approximately ¥1.95 billion, a decrease of 3.99% compared to the previous year[47] - The gross margin for neodymium iron boron products was 18.31%, a decrease of 2.94 percentage points compared to the previous year[48] Cash Flow and Assets - The company's net cash flow from operating activities was CNY 207,757,370.32, an increase of 3.81% from CNY 200,135,616.67 in 2018[23] - The total assets at the end of 2019 were CNY 5,626,155,854.76, an increase of 1.81% compared to CNY 5,526,210,256.11 at the end of 2018[23] - The cash flow from operating activities was approximately ¥207.76 million, an increase of 3.81% year-on-year[47] - Cash and cash equivalents decreased to CNY 277,780,105.92 from CNY 448,325,376.80, representing a decline of approximately 38.1%[198] - The company's retained earnings fell to CNY 2,917,422,117.66 from CNY 3,143,356,715.80, reflecting a decrease of about 7.2%[196] Investments and R&D - The total R&D expenditure for the period was CNY 126,940,094.57, representing 6.52% of operating revenue, with 371 R&D personnel, making up 11.35% of total staff[58] - The company has invested in several technology firms, including Shanghai Electric Drive and Ningbo Qianshi High-tech Venture Capital, to support the growth of core technology enterprises and generate sustainable returns for shareholders[37] - The company plans to enhance R&D and investment in new materials and new energy sectors to build a competitive industrial cluster[77] Market and Production - The production capacity for raw materials has been enhanced to 10,000 tons annually, positioning the company as one of the major manufacturers of rare earth permanent magnet materials in China[34] - The production of sintered NdFeB magnets reached 170,000 tons in 2019, reflecting a year-on-year growth of 9.7%, while bonded NdFeB production was 7,900 tons, up 5% year-on-year[37] - The overall market for rare earth permanent magnets is experiencing a slowdown, with increased competition and a shift towards high-performance NdFeB materials in emerging sectors such as electric vehicles[37] Shareholder Information - The total number of ordinary shares decreased by 13,411,444 shares, resulting in a total of 989,113,721 shares post-adjustment[140] - The largest shareholder, Yunsen Holdings Group Co., Ltd., held 320,406,816 shares, representing 32.39% of total shares[138] - The company repurchased 950,400 shares for stock incentive plans, which are pending cancellation[131] Corporate Governance - The board of directors consists of 8 members, including 3 independent directors with financial expertise, and held 5 meetings during the reporting period[173] - The company has implemented an internal control system to enhance operational standards and ensure transparency in information disclosure[173] - The company has maintained a stable board composition with no changes in the number of shares held by directors and supervisors[150] Social Responsibility - The company has established the "Yunsheng Named Helping Fund" since 2012, donating 600,000 RMB annually for poverty alleviation projects[116] - In 2019, the fund donated 100,000 RMB to Longcheng Town for infrastructure improvement and economic development[116] - The total investment in poverty alleviation in 2019 amounted to 400,000 RMB, with 300,000 RMB specifically for improving educational resources in impoverished areas[119]