GOODIX(SH:603160)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was CNY 6,473,254,534.50, representing a 73.95% increase compared to CNY 3,721,291,685.55 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 2,317,356,706.02, a significant increase of 212.10% from CNY 742,498,646.02 in the previous year[21]. - The basic earnings per share for 2019 reached CNY 5.17, which is a 213.33% increase compared to CNY 1.65 in 2018[22]. - The total assets of the company as of the end of 2019 were CNY 7,848,782,537.70, reflecting a 46.84% increase from CNY 5,345,221,338.17 in 2018[21]. - The cash flow from operating activities for 2019 was CNY 2,880,029,629.51, up 133.75% from CNY 1,232,098,069.07 in 2018[21]. - The gross profit margin for 2019 was 60.40%, an increase of 8.21% year-on-year, while the operating profit margin reached 38.99%, up 18.94% year-on-year[49]. - The company achieved a total revenue of 6.473 billion yuan in 2019, a 73.95% increase from 3.721 billion yuan in 2018, driven primarily by the large-scale commercialization of under-display optical fingerprint chips[49]. R&D and Innovation - Research and development expenses for 2019 amounted to 1.079 billion yuan, a 28.76% increase from 838 million yuan in 2018, representing 16.67% of total revenue[49]. - The company has applied for and authorized over 3,900 patents by the end of 2019, with a compound annual growth rate of 70% over the past six years[42]. - The company has established a global R&D presence with 17 centers across four continents, enhancing its innovation capabilities and product development[43]. - The company is committed to high-intensity R&D investment, focusing on innovation and internationalization through mergers and acquisitions to enhance its product offerings[101]. - The company has developed a complete ToF hardware and software solution for 3D facial recognition, set to launch in 2020[103]. Market Strategy and Growth - The company aims to become a comprehensive IC design firm, focusing on "physical perception, information processing, wireless transmission, and security" to build an IoT comprehensive platform[30]. - The integrated circuit industry in China is projected to reach a market size of ¥785.6 billion in 2020, with an expected growth rate of 20.3%[32]. - The global market for IoT devices is projected to grow to 1.25 trillion units by 2030, with a compound annual growth rate (CAGR) exceeding 12%[38]. - The company is focusing on expanding its presence in the IoT and automotive electronics markets, leveraging its strengths in human-machine interaction technologies[35]. - The company aims to leverage the Internet of Things (IoT) as a new development avenue over the next decade, creating an IoT comprehensive platform and ecosystem[100]. Corporate Governance and Risk Management - The company received a standard unqualified audit report from Dahua Certified Public Accountants[4]. - There are no significant risk events reported during the fiscal year, and potential risks have been detailed in the report[7]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[7]. - The company emphasizes the accuracy and completeness of the financial report, with key management personnel taking responsibility[8]. - The company has established a credit management system to mitigate credit risk associated with accounts receivable from customers[113]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of RMB 0.8 per share for the 2019 fiscal year, subject to shareholder approval[5]. - The cash dividend distribution plan for 2019 includes a cash dividend of RMB 8.00 per 10 shares, with a total cash distribution amounting to RMB 364.59 million, representing 15.73% of the net profit attributable to ordinary shareholders[121]. - The company emphasizes the importance of maintaining a clear and transparent dividend policy that aligns with shareholder interests, particularly for small and medium investors[119]. - The company is committed to ensuring that the rights and interests of minority shareholders are fully protected during the dividend distribution process[119]. Employee and Incentive Plans - The company completed the repurchase and cancellation of 566,890 restricted shares from 39 incentive recipients as part of the 2017 stock incentive plan[145]. - The company approved the stock option and restricted stock incentive plan at the annual general meeting on May 6, 2019, allowing for the grant of 2,232,341.5 stock options at an exercise price of RMB 105.33 per share and 800,000 restricted stocks at a grant price of RMB 52.67 per share[147]. - The incentive plan was designed to align the interests of employees with those of shareholders, promoting sustainable development of the company[147]. - The company’s independent directors provided independent opinions on the incentive plan, confirming its alignment with the company's sustainable development[149]. Financial Management and Investments - The company has engaged in cash asset management, with a total of ¥500,000,000 in directed asset management and ¥6,940,000,000 in structured deposits[159]. - The company has invested ¥4,430,000,000 in wealth management products, with a remaining balance of ¥750,000,000[159]. - The average annualized return rate across the financial products was approximately 4.14%[162]. - The company has diversified its investments across multiple banks, including China Construction Bank and CITIC Bank[163]. - The company plans to continue utilizing idle funds for financial investments in the future[161].