CJJG(SH:600496)2019-04-17 16:00Financial Performance - The company achieved a total operating revenue of ¥8,630,589,403.54 in 2018, representing a 32.11% increase compared to ¥6,532,775,909.37 in 2017[23]. - The net profit attributable to shareholders was ¥181,712,307.64, a significant increase of 192.98% from ¥62,022,069.77 in the previous year[23]. - The net profit after deducting non-recurring gains and losses reached ¥152,501,982.93, up 1,172.16% from ¥11,987,660.60 in 2017[23]. - The net cash flow from operating activities improved to -¥234,259,901.00, a 58.75% reduction in losses compared to -¥567,848,029.90 in 2017[23]. - The company reported a net cash flow from operating activities of CNY -326.94 million for the year, indicating a significant cash outflow compared to previous periods[30]. - The company achieved quarterly revenues of CNY 2.13 billion, CNY 1.77 billion, CNY 1.69 billion, and CNY 3.05 billion for Q1, Q2, Q3, and Q4 respectively in 2018[27]. - The net profit for 2018 was 182 million RMB, showing a significant increase of 192.98% compared to the previous year[46]. - The total assets reached 13.314 billion RMB, reflecting a year-on-year growth of 15.24%[46]. - The cash flow from operating activities was -234 million RMB, but improved by 58.75% year-on-year[46]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.13 per share, totaling ¥23,535,787.60, based on the year-end share capital[7]. - The company distributed cash dividends totaling ¥23,535,787.60, which represented 12.95% of the net profit attributable to ordinary shareholders[114]. - The company plans to maintain a cash dividend policy of at least 10% of the distributable profit each year, with a cumulative distribution of no less than 30% over three years[113]. Product and Market Development - The company’s product offerings include traditional steel structure products and prefabricated building products, focusing on design, manufacturing, installation, and engineering services[36]. - The company has developed five major product systems in prefabricated construction, including PSC residential, apartment, school, hospital, and office systems, leveraging both steel and concrete materials[38]. - The company’s prefabricated business achieved a contract value of 1.653 billion RMB, marking a year-on-year growth of 169.44%[49]. - The company is focusing on expanding its EPC (Engineering, Procurement, and Construction) model, with significant projects like the 4.09 billion RMB cold chain logistics center and the 6.04 billion RMB vocational education center[49]. - The company aims to increase the proportion of prefabricated buildings in new constructions to over 30% by 2025[102]. Innovation and Technology - The company has developed multiple proprietary technologies, including large-span truss construction and prefabricated green integrated building systems, solidifying its competitive edge[42]. - The integration of IoT technology in the company's PSC integrated building system has significantly reduced project duration and construction waste, promoting green building practices[42]. - The company holds over 100 technology patents and has developed a mature PSC prefabricated building technology system with an assembly rate of up to 95%[56]. - The company emphasizes technological innovation and has developed eight major technical systems to maintain its competitive edge in the steel structure industry[110]. Risk Management and Compliance - The company has outlined potential risks in its future development strategies, emphasizing the importance of investor awareness regarding investment risks[8]. - The company has implemented measures to strengthen safety management and compliance in construction projects to mitigate safety risks[110]. - The company has established a mechanism to track steel price fluctuations and adjust procurement strategies accordingly to mitigate risks associated with rising material costs[110]. Corporate Governance and Shareholding - The largest shareholder, Precision Holding Group, holds 20.16% of the shares, with 321.9 million shares pledged[168]. - The company has a total of 300,000,000 shares held by its controlling shareholder, Seiko Holdings Group (Zhejiang) Investment Co., Ltd., which are subject to a 36-month lock-up period starting from April 23, 2021[174]. - The total number of ordinary shareholders increased from 123,783 to 126,449 during the reporting period[167]. - The company has maintained stable shareholding among its top executives, with no changes in shareholdings reported during the period[191]. Social Responsibility - The company actively engages in social responsibility initiatives, including targeted poverty alleviation efforts[149]. - The company established a charity fund with a donation of 5.27 million RMB to support poverty alleviation projects in Shaoxing City, including scholarships for impoverished university students[150]. - The photovoltaic power station built in partnership with Hu Ying Village has increased the income of 20 impoverished families by 3,000 RMB each, totaling an additional 60,000 RMB[150]. - The company plans to continue its poverty alleviation efforts and support charitable initiatives like the Hope Project in the future[153].