hailir(SH:603639)2019-04-25 16:00Financial Performance - In 2018, the company's operating revenue reached ¥2,191,465,177.73, representing a growth of 37.88% compared to ¥1,589,421,937.70 in 2017[20]. - The net profit attributable to shareholders was ¥367,401,372.13, an increase of 28.45% from ¥286,035,336.33 in the previous year[20]. - The basic earnings per share rose to ¥2.19, marking a 26.59% increase from ¥1.73 in 2017[20]. - The net cash flow from operating activities surged by 509.23%, reaching ¥244,307,282.99, compared to a negative cash flow of ¥59,699,333.59 in 2017[20]. - Total assets increased by 40.71% to ¥3,229,574,444.83, up from ¥2,295,220,889.36 in 2017[20]. - The company achieved a consolidated revenue of 2.191 billion yuan in 2018, representing a year-on-year growth of 37.88%[41]. - Operating profit reached RMB 453,623,500, a 38.17% increase compared to RMB 328,319,200 from the previous year[49]. - Net profit attributable to shareholders was RMB 393,839,600, reflecting a 37.69% growth from RMB 286,035,300 in the prior year[49]. Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, subject to approval at the shareholders' meeting[5]. - In 2016, the company distributed a cash dividend of 2 RMB per 10 shares, totaling 24,000,000 RMB, which represented 16.41% of the net profit attributable to ordinary shareholders[137]. - In 2017, the cash dividend increased to 3 RMB per 10 shares, totaling 36,000,000 RMB, accounting for 12.59% of the net profit attributable to ordinary shareholders[137]. - In 2018, the company maintained a cash dividend of 3 RMB per 10 shares, with a total distribution of 50,819,958 RMB, representing 13.83% of the net profit attributable to ordinary shareholders[137]. - The company plans to conduct cash dividends annually after the shareholders' meeting, based on profitability and funding needs[134]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[6]. - The company faces risks related to safety production and environmental protection due to the nature of its pesticide production, which involves flammable, explosive, and toxic substances[126]. - Fluctuations in raw material prices and production instability pose risks to the company's pesticide raw material products, influenced by market demand and environmental pressures[128]. - The company is exposed to risks from upstream raw material supply and price volatility, which can significantly impact production costs and gross margins[129]. - The company will closely monitor changes in industry regulations and policies to ensure compliance and mitigate operational risks[131]. Research and Development - The company has been recognized as a "National Key High-tech Enterprise" and has established a strong R&D center since 2003[37]. - The company’s R&D expenses increased by 83.98% to RMB 90,684,326.68, indicating a strong focus on innovation[51]. - The company has developed new generations of neonicotinoid insecticides, further enhancing its product offerings and market position[36]. - The company aims to improve product quality and operational efficiency through a focus on quality management and innovation[123]. - The company plans to strengthen its international market expansion by enhancing product registration abroad and increasing export capabilities for formulations and active ingredients[120]. Environmental Compliance - The company has achieved compliance with emission standards for both waste gas and waste water during the reporting period[179]. - The total emissions of particulate matter, SO2, NOx, and VOCs are 5.9762 tons, 6.9708 tons, 12.5315 tons, and 38.87 tons per year respectively[184]. - The company has established an environmental management system certified to meet the ISO 14001:2004 standard[181]. - The company has implemented effective pollution control measures, including a wastewater treatment plant and various air pollution control devices[185]. - No significant violations of environmental laws or pollution incidents occurred during the reporting period[190]. Corporate Governance - The financial report has been audited by Zhongxinghua Certified Public Accountants, providing a standard unqualified opinion[4]. - The company has established a commitment to transparency and accountability regarding its IPO process and shareholder management[143]. - The company has made a long-term commitment to ensure that the IPO prospectus does not contain false records or misleading statements[143]. - The company has appointed Zhongxinghua Accounting Firm as the auditor for the 2018 fiscal year, with an audit fee of RMB 700,000[153]. - The company has implemented a restricted stock incentive plan, which was approved in a board meeting on January 22, 2018[154].