Etron(SH:603380)2020-04-16 16:00Financial Performance - In 2019, the company's operating revenue reached RMB 1,027,475,295.68, representing an increase of 8.02% compared to RMB 951,181,810.60 in 2018[20]. - The net profit attributable to shareholders was RMB 127,162,144.37, a growth of 25.20% from RMB 101,569,099.47 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 108,688,403.54, reflecting a 17.50% increase from RMB 92,503,624.45 in 2018[20]. - The net cash flow from operating activities was RMB 163,206,435.27, up 54.15% from RMB 105,877,740.33 in 2018[20]. - Basic earnings per share increased by 25.40% to CNY 0.79 in 2019 compared to CNY 0.63 in 2018[22]. - The company's total revenue for Q2 2019 was CNY 263,314,081.03, reflecting strong quarterly performance[25]. - The total profit for 2019 was RMB 144,952,103.93, an increase of 26.8% from RMB 114,366,998.17 in 2018[183]. - The total comprehensive income for 2019 was CNY 123,520,393.78, compared to CNY 99,688,678.79 in 2018, representing an increase of approximately 24%[187]. Assets and Liabilities - As of the end of 2019, the total assets amounted to RMB 1,176,025,094.30, a 14.18% increase from RMB 1,029,958,464.65 at the end of 2018[20]. - The company's total current assets reported as RMB 893,754,084.76 as of December 31, 2019, an increase from RMB 776,576,040.47 in 2018, representing a growth of approximately 15.1%[173]. - Total liabilities rose to ¥317,142,093.57, compared to ¥263,599,335.30 in the previous year, indicating an increase of about 20.3%[176]. - Owner's equity reached ¥858,883,000.73, up from ¥766,359,129.35, reflecting a growth of approximately 12.1%[176]. Dividends and Shareholder Information - The company proposed a cash dividend of RMB 2.50 per 10 shares, totaling RMB 40 million for the year 2019[5]. - In 2019, the company distributed a cash dividend of 2.50 RMB per 10 shares, totaling 40 million RMB, which represents 31.46% of the net profit attributable to ordinary shareholders[98]. - The largest shareholder, Qian Xindong, holds 37.23% of shares, totaling 59,560,680 shares[136]. - The total number of ordinary shareholders decreased from 12,199 to 11,963 during the reporting period[134]. Research and Development - The company has a dedicated R&D team of nearly 200 people to provide customized services based on client needs[31]. - Research and development expenses rose by 13.16% to ¥51,057,495.04, compared to ¥45,118,410.48 in the previous year[51]. - The company focuses on customized R&D services, providing competitive product design and development services in various fields such as power modules and battery management[42]. Market and Industry Position - The company provides specialized electronic manufacturing services, focusing on ICs, PCBs, and various electronic components[33]. - The company has established long-term strategic partnerships with top global electronic component suppliers, including Avnet and Arrow, enhancing supply chain management[34]. - The Asia-Pacific region accounted for 69.6% of the global EMS market share in 2018, projected to increase to 72.8% by 2023[78]. - The company aims to become a leader in the global electronic manufacturing services industry, focusing on long-term, sustainable development[82]. Risk Management and Compliance - The company emphasizes the importance of risk factors and countermeasures in its future development discussions[7]. - The company has strengthened its internal control framework to improve risk management and ensure compliance with operational standards[48]. - The company faces risks related to macroeconomic fluctuations, which can significantly impact the electronic manufacturing services sector[87]. Corporate Governance - The company has established guidelines to ensure that any related party transactions are conducted at fair market prices and disclosed appropriately[101]. - The company has maintained a stable leadership structure, with all directors and senior management retaining their shareholdings throughout the reporting period[147]. - The board of directors includes various specialized committees, such as the audit committee and the remuneration and assessment committee, to ensure effective governance[163]. Social Responsibility - The company invested CNY 200,000 in poverty alleviation efforts during the reporting period, focusing on education and social support initiatives[124]. - The company plans to continue its poverty alleviation efforts in 2020, emphasizing industrial development and employment support for impoverished populations[127]. - The company does not fall under the category of key pollutant discharge units and complies with national environmental protection regulations[128].