YINGLIU(SH:603308)2019-04-29 16:00Financial Performance - The company's operating revenue for 2018 was CNY 1,681,215,677.58, representing a 22.29% increase compared to CNY 1,374,764,469.92 in 2017[23]. - The net profit attributable to shareholders of the listed company was CNY 73,140,761.35, up 21.55% from CNY 60,172,662.91 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 28,758,113.88, a decrease of 28.54% compared to CNY 40,245,362.02 in 2017[25]. - Basic earnings per share increased by 21.43% to CNY 0.17 in 2018 compared to CNY 0.14 in 2017[26]. - The net profit attributable to shareholders for Q3 2018 was CNY 12,698,306.81, a decrease from CNY 24,158,850.52 in Q2 2018[27]. - The company reported a net profit for the year of CNY 82,450,352.05, compared to CNY 59,698,199.29 in the previous year, representing a growth of 37.9%[199]. - The net profit attributable to shareholders of the parent company is 73,140,761.35, up from 60,172,662.91, reflecting a growth of about 21.5%[200]. Cash Flow and Assets - The net cash flow from operating activities was CNY 383,803,119.95, an increase of 119.75% from CNY 174,656,017.69 in 2017[25]. - Cash received from operating activities increased by 125.92% to 449.43 million yuan, mainly due to the recovery of guarantee deposits and increased government subsidies[64]. - Cash and cash equivalents increased to ¥1,636,860,770.73, representing 20.29% of total assets, up 129.27% from the previous period[69]. - Total assets at the end of 2018 were CNY 8,067,993,064.98, an 18.92% increase from CNY 6,784,467,279.54 in 2017[25]. - The total current assets increased to CNY 3,666,948,371.85 from CNY 2,679,640,529.91, representing a growth of approximately 36.8%[189]. - Total liabilities increased to CNY 4,591,470,838.38 from CNY 3,892,526,943.34, representing a growth of about 18.0%[192]. Research and Development - Research and development expenses surged by 300.64% to CNY 48,477,650.82, reflecting the company's commitment to innovation[45]. - Total R&D investment amounted to 318.91 million yuan, with 194.22 million yuan expensed and 124.69 million yuan capitalized[59]. - R&D investment accounted for 18.97% of operating revenue, with R&D personnel making up 17.10% of total staff[62]. - The company is focusing on automation, digitalization, and green manufacturing technologies to drive innovation and competitiveness in the industry[78]. - The company plans to accelerate technology innovation and product development, particularly in high-temperature alloy components for aircraft engines and gas turbines, as well as nuclear energy materials[80]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.51 per 10 shares, totaling CNY 22,121,471.39[6]. - The company distributed cash dividends of 0.51 RMB per 10 shares in 2018, totaling approximately 22.12 million RMB, which represents 30.25% of the net profit attributable to ordinary shareholders[89]. - The total number of ordinary shareholders decreased from 33,220 to 31,288 during the reporting period[131]. - The top shareholder, Huoshan Yingliu Investment Management Co., Ltd., holds 132,732,130 shares, representing 30.60% of the total shares[135]. Risk Management and Compliance - The company has detailed potential risks in its management discussion and analysis section, which investors should review[8]. - The company faces risks related to fluctuations in raw material prices, exchange rate changes, and industry market conditions that could impact operational stability[84]. - The company has committed to avoid direct or indirect competition with its subsidiaries, ensuring no competitive activities will occur domestically or internationally[92]. - The company has established a risk management system to safeguard shareholder interests and ensure operational transparency[116]. Environmental and Social Responsibility - The company adheres to a "green casting" environmental protection philosophy, implementing advanced equipment and clean production techniques to minimize ecological impact[118]. - The company emphasizes social responsibility, ensuring timely and accurate information disclosure to protect shareholder rights[116]. - Waste gas emissions from Yingliu Foundry comply with the national standards, with no exceedance reported in pollutant discharge[118]. - The company has established a safety production committee to oversee compliance with safety regulations and improve workplace safety standards[117]. Audit and Internal Controls - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The audit report concluded that the financial statements fairly reflect the company's financial position and operating results for 2018[178]. - The company confirmed that there were no significant deficiencies in internal controls during the reporting period[178]. - Management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining necessary internal controls[185].