Dcenti(SH:603335)2019-03-11 16:00Financial Performance - The company's operating revenue for 2018 was CNY 795,813,344.78, representing a 1.89% increase compared to CNY 781,017,999.16 in 2017[21]. - The net profit attributable to shareholders of the listed company was CNY 13,507,766.67, an increase of 11.09% from CNY 12,159,245.36 in 2017[21]. - The financial data indicates a consistent growth trend over the past three years, with a notable increase in both revenue and net profit[21]. - The net profit attributable to shareholders was CNY 11,499,580.37, an increase of 37.79% compared to CNY 8,345,462.29 in the previous year[22]. - The operating cash flow net amount was CNY 65,767,465.46, representing a 20.82% increase from CNY 54,435,686.16 in 2017[22]. - The total assets decreased by 9.36% to CNY 799,867,451.32 from CNY 882,494,633.45 in 2017[22]. - The company's main business revenue was ¥768,794,877.60, a growth of 1.79% year-on-year, with tire sales increasing by 16.40%[48]. - The company sold 498,000 wheels in 2018, a decrease of 2.78% from the previous year, with revenue from wheel sales declining by 9.61%[52]. - The company achieved operating revenue of ¥795,813,344.78, representing a year-on-year growth of 1.89%[42]. - The company reported a total revenue of CNY 205,199,340 for the first quarter of 2018[26]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares and to increase capital by 3 shares for every 10 shares held[5]. - In 2018, the company distributed cash dividends amounting to 6,586,840 RMB, representing 48.76% of the net profit attributable to shareholders[93]. - The company has a history of adhering to its cash dividend policy, ensuring the protection of minority shareholders' rights[92]. Risk Management and Compliance - The company has provided a detailed risk disclosure in the report, highlighting potential risks in its operations[7]. - The company emphasizes the importance of risk management in its future strategic planning[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company is committed to integrating new information technologies with manufacturing to create innovative production methods and business models[2]. - The company has undergone changes in accounting policies due to the revised financial instrument standards effective from January 1, 2019, which will not have a significant impact on its financial statements[104]. Market and Operational Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies[21]. - The company aims to improve its internal management and operational efficiency through reforms in human resources and performance evaluation systems[41]. - The company plans to continue investing in technology and product development to meet market demands and enhance consumer engagement[41]. - The company plans to continue developing new products and expanding into new markets to maintain stable growth amid international trade challenges[43]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[152]. Environmental and Social Responsibility - In 2018, the company discharged 39,926 cubic meters of wastewater, with a cumulative CODcr discharge of 2.0961 tons, meeting the local discharge standards[117]. - The average concentration of ammonia nitrogen in the wastewater was 3.357 mg/L, with a cumulative discharge of 0.1341 tons, also compliant with environmental standards[117]. - The company generated 140.635 tons of hazardous waste in 2018, which was disposed of by a third-party qualified environmental unit[118]. - All pollution control facilities operated stably in 2018, achieving zero accidents in environmental protection[119]. - The company has implemented a self-monitoring plan for environmental compliance, with quarterly monitoring conducted by a third-party agency[121]. Corporate Governance - The report includes a standard unqualified audit opinion from Ruihua Certified Public Accountants[4]. - The company has maintained its commitment to transparency, ensuring the accuracy and completeness of the financial report[8]. - The company has established a comprehensive internal control self-evaluation report, which was disclosed on March 12, 2019[174]. - The company has improved its governance structure in compliance with relevant laws and regulations, enhancing transparency and accountability[169]. - The independent directors actively participated in board meetings and contributed to major decision-making processes[168]. Shareholder Structure and Ownership - The top shareholder, Jiangmen Lihong Investment Co., Ltd., held 99,277,070 shares, representing 30.14% of the total shares[135]. - Lexin International Inc. held 60,515,000 shares, accounting for 18.37% of the total shares[135]. - The total number of ordinary shareholders increased to 24,165 at the end of the reporting period from 21,469 at the end of the previous month[133]. - The total number of restricted shares at the end of the year was 172,900,000, with 74,100,000 shares released during the year[130]. Employee and Management Information - The company employed a total of 760 staff, with 577 in the parent company and 183 in major subsidiaries[162]. - The workforce included 226 production personnel, 144 sales personnel, and 160 technical personnel[162]. - Total compensation for all directors, supervisors, and senior management was 7.6283 million yuan[159]. - The company has established a comprehensive salary and welfare management system, including performance-based bonuses[163]. - The training program is designed to enhance employees' technical skills and business capabilities through regular and specialized training[164].