苏博特(603916) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was CNY 2,315,957,350.09, representing a year-on-year increase of 37.88% compared to CNY 1,679,657,625.64 in 2017[20]. - Net profit attributable to shareholders increased by 100.61% to CNY 268,395,945.04 in 2018 from CNY 133,788,918.69 in 2017, driven by increased operating profit and compensation for relocation[22]. - Basic and diluted earnings per share rose by 54.39% to CNY 0.88 in 2018, up from CNY 0.57 in 2017, attributed to higher operating profit and relocation compensation[22]. - The company's total assets reached CNY 3,534,798,049.40 at the end of 2018, a 29.34% increase from CNY 2,732,936,239.43 in 2017[21]. - The net profit after deducting non-recurring gains and losses was CNY 146,510,746.80 in 2018, reflecting a 29.33% increase from CNY 113,286,310.60 in 2017[20]. - The company achieved total revenue of CNY 2,315,957,350.09 in 2018, representing a year-on-year growth of 37.88%[43]. - The net profit attributable to shareholders reached CNY 268,395,900, marking a significant increase of 100.61% compared to the previous year[43]. Dividend Policy - The company proposed a cash dividend of 2.4 RMB per 10 shares for the 2018 fiscal year, subject to shareholder approval[5]. - The net profit attributable to ordinary shareholders in 2018 was 268,395,945.04 RMB, with a dividend payout ratio of 27.78%[103]. - In 2017, the cash dividend was 2 RMB per 10 shares, with a total cash dividend of 60,800,000 RMB and a net profit of 133,788,918.69 RMB, resulting in a payout ratio of 45.44%[102]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[104]. - The company’s cash dividend policy remains unchanged, ensuring the protection of minority shareholders' rights[101]. Audit and Compliance - The company received a standard unqualified audit report from Beijing Yongtuo Accounting Firm[4]. - The company assures that the financial report is true, accurate, and complete, with no significant omissions or misleading statements[7]. - The company has not encountered any significant accounting errors or issues with previous auditors during the reporting period[134]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2018[196]. - The company will ensure that the prospectus is truthful, accurate, and complete, bearing legal responsibility for any discrepancies[121]. Research and Development - The company has a professional R&D team of over 160 people and has been granted 431 national patents and 4 international PCT patents[37]. - The R&D expenses for the year were CNY 118,618,653.71, reflecting a growth of 15.67% compared to the previous year[45]. - The company has established a research and development platform recognized by national authorities, supporting innovation and product development[35]. - The company has accumulated extensive industry service experience in major national projects such as nuclear power, hydropower, and high-speed rail[38]. - The company launched iterations of high-performance water-reducing agents in 2018, enhancing its product offerings in the concrete admixture market[29]. Market Position and Competition - The company ranked first in the comprehensive top ten concrete admixture enterprises and the top ten polycarboxylate superplasticizer enterprises in China from 2014 to 2018[29]. - The company is a leading player in the domestic concrete admixture industry, ranking first in the comprehensive top ten evaluations from 2014 to 2018[35]. - The company has a strong market presence, with domestic enterprises holding a significant share of the concrete admixture market, leading to increased competition[33]. - The company faces market competition risks due to the increasing number of competitors and the potential for market share erosion[97]. - The company is actively involved in strategic collaborations and mergers to enhance market concentration and competitiveness[33]. Corporate Governance - The company has implemented measures to stabilize its stock price as part of its commitment to shareholders[105]. - The company commits that the stock will not be transferred or repurchased by the issuer within one year from the date of listing[108]. - The company has established a mechanism for evaluating senior management, promoting accountability and protecting shareholder interests[194]. - The company emphasizes external competitiveness and internal fairness in determining the compensation of directors, supervisors, and senior management[181]. - The company has not faced any penalties from securities regulatory agencies in the past three years[183]. Environmental Responsibility - The company has established and improved environmental protection measures, complying with relevant laws and regulations without incurring penalties during the reporting period[151]. - The company has increased investment in environmental protection facilities and improved pollution prevention and treatment technology[151]. - The company has implemented a comprehensive environmental and occupational health safety management system[151]. - The company actively participated in social responsibility initiatives, donating ¥500,000 to Southeast University and ¥200,000 to the Jiangsu Provincial Poverty Alleviation Foundation[149]. Employee and Management - The company employed a total of 1,249 staff, with 530 in the parent company and 719 in major subsidiaries[184]. - The workforce includes 576 production personnel, 249 sales personnel, 160 technical personnel, 31 financial personnel, and 233 administrative personnel[184]. - The company has established a compensation system aligned with its development goals, ensuring compliance with labor laws and regulations[185]. - The management team emphasizes the importance of innovation in product development to meet evolving market demands[174]. - The company recognizes outstanding contributions through awards and recognition programs for employees annually[185].