Tstc(SH:600552)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was CNY 4,518,311,135.46, representing a 48.23% increase compared to CNY 3,048,213,983.28 in 2018[21] - The net profit attributable to shareholders of the listed company was CNY 96,510,265.68, a 124.04% increase from CNY 43,077,350.95 in the previous year[21] - The net cash flow from operating activities reached CNY 71,270,045.32, showing a significant increase of 543.70% compared to CNY 11,071,856.01 in 2018[21] - The total assets of the company at the end of 2019 were CNY 6,915,690,646.69, which is a 14.86% increase from CNY 6,020,740,823.79 at the end of 2018[21] - The net profit for the year was CNY 1.39 billion, an increase of 143% compared to the previous year[38] - The company achieved a total revenue of CNY 4.52 billion in 2019, representing a year-on-year growth of 48.23%[38] - The company reported a total profit of ¥150,442,933.58, up 112.53% year-over-year[40] - The total comprehensive income for the year was 96,510,265.68, reflecting a significant increase compared to the previous year[193] Earnings and Dividends - The basic earnings per share for 2019 was CNY 0.1263, up 123.94% from CNY 0.0564 in 2018[21] - The diluted earnings per share increased to 0.1263 CNY, up 123.94% from the previous period[24] - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares (pre-tax) to all shareholders[6] Assets and Liabilities - The total liabilities reached CNY 4,196,362,013.75, a rise of 22.4% from CNY 3,432,122,103.89 in the previous year[175] - The company's equity attributable to shareholders rose to CNY 2,490,211,844.63, an increase of 3.6% from CNY 2,402,486,579.94 in 2018[175] - The company's accounts receivable increased by 31.59% year-over-year, totaling 139,419.83 million CNY, attributed to increased revenue[54] Research and Development - The company’s R&D expenses rose by 48.31% to CNY 194.65 million, reflecting its commitment to innovation[38] - The company added 50 new patents in 2019, bringing the total to 227, including 31 invention patents[34] - Research and development investment totaled 213,677,766.35 CNY, representing 4.73% of operating revenue[51] Market and Production - The revenue from the new materials segment is expected to grow due to increasing demand in electronics and 5G industries[27] - The company is actively expanding production capacity for spherical quartz powder to enhance market share[27] - The ITO conductive film glass segment has become a major supplier globally, with a focus on customized solutions for clients[27] - The company plans to expand production capacity for AI liquid crystal display modules to capture a larger market share[36] Social Responsibility and Environmental Governance - The company has established a comprehensive environmental governance system, ensuring all pollution control equipment operates reliably, with no environmental violations reported in 2019[109] - The company actively engaged in social responsibility initiatives, raising 36,725 yuan for public welfare and purchasing 620,000 yuan worth of agricultural products from impoverished regions[107] - As of 2019, the company has achieved poverty alleviation for 169 out of 171 registered poor households, benefiting 622 individuals[103] Corporate Governance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[5] - The independent auditor issued a standard unqualified opinion on the company's internal control audit report for 2019[159] - The company has established a performance evaluation mechanism for senior management, which effectively guides and incentivizes them to fulfill their responsibilities[158] Financial Management - The company has successfully recovered all funds from structured deposits and wealth management products, indicating a strong performance in financial management[96] - The company has engaged in various financial products with a total investment of ¥14,960,000, achieving an actual return of ¥164,109.15 at an annualized rate of 4.40%[96] - The company has a significant loan guarantee of 500,000,000 CNY provided to Kaisheng Technology Group Co., Ltd. for import and export loans[90] Employee and Stakeholder Engagement - The company has created nearly 2,000 job opportunities through new projects launched in 2019, contributing to local employment[107] - The total number of shares held by all listed executives decreased from 22,497,177 to 20,039,877, indicating a total reduction of 2,457,300 shares[135] - The company has implemented a salary policy that links total remuneration to economic performance and individual performance to work results[147]