LDXC(SH:603937)2019-04-28 16:00Financial Performance - The company's operating revenue for 2018 was CNY 1,303,005,145.15, representing a 4.72% increase compared to CNY 1,244,285,541.73 in 2017[22] - The net profit attributable to shareholders of the listed company reached CNY 114,787,890.75, marking a 19.57% increase from CNY 96,001,376.72 in the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 95,970,715.75, which is a 4.80% increase from CNY 91,577,333.23 in 2017[22] - The cash flow from operating activities was CNY 43,732,811.31, showing a decrease of 22.08% compared to CNY 56,126,374.13 in 2017[22] - The total assets at the end of 2018 were CNY 1,446,462,657.00, a slight decrease of 0.29% from CNY 1,450,682,863.72 at the end of 2017[22] - The net assets attributable to shareholders of the listed company increased to CNY 1,319,464,212.28, reflecting an 8.59% growth from CNY 1,215,120,321.53 in 2017[22] - Basic earnings per share for 2018 decreased by 5.17% to CNY 0.55 compared to CNY 0.58 in 2017[24] - Diluted earnings per share also decreased by 5.17% to CNY 0.55 in 2018 from CNY 0.58 in 2017[24] - The weighted average return on equity fell by 2.77 percentage points to 8.98% in 2018 from 11.75% in 2017[24] - The company achieved a total revenue of CNY 1,303,005,145.15 in 2018, representing a growth of 4.72% compared to 2017[55] - The net profit for the year was CNY 114,787,900, an increase of 19.57% year-over-year[53] Dividend and Shareholder Returns - The company proposed a cash dividend of CNY 0.8 per 10 shares, totaling CNY 16,710,400.00 to be distributed to shareholders[5] - In 2018, the company proposed a cash dividend of 0.8 yuan per 10 shares, totaling 16,710,400 yuan, which represents 14.56% of the net profit attributable to ordinary shareholders[97][98] - The company has maintained a consistent cash dividend policy, with previous distributions of 0.5 yuan per 10 shares in 2017 and no dividends in 2016[98] Research and Development - Research and development expenses increased by 15.36% to CNY 19,809,463.43, reflecting the company's commitment to enhancing aluminum composite materials[56] - Research and development expenses amounted to 19,809,463.43 CNY, representing 1.52% of total revenue, with 62 R&D personnel making up 17.71% of the workforce[68] - The company plans to enhance its research and development efforts and strengthen communication with research institutions to support future product line development[89] Market and Industry Position - The company focuses on the R&D, production, and sales of aluminum products, particularly in construction and food packaging sectors[32] - The company maintains long-term cooperation agreements with suppliers for raw materials, ensuring a diverse and customized production capability[34] - The company's products primarily adopt a direct sales model, with approximately 6% of revenue coming from exports during the reporting period[37] - The pricing model for aluminum products is based on the "aluminum ingot price + processing fee," which is influenced by market fluctuations[38] - The company has established long-term, stable relationships with major clients, including well-known companies in construction and food packaging sectors[41] - The company aims to become a leading integrated energy-saving aluminum material supplier, focusing on deep processing of aluminum materials for construction and food packaging[89] - The company is focusing on expanding its market presence in the functional composite materials sector, driven by trends in 4G/5G communication and smart technologies[74] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6] - The report includes a detailed description of potential risks that may affect the company's future development[7] - Fluctuations in aluminum prices, influenced by various domestic and international factors, could negatively impact the company's cash flow and operational performance[94] - The total investment for the fundraising project is 420 million yuan, and any failure to achieve expected returns could result in investment return risks[95] Corporate Governance - The company has a long-term commitment to stabilize its stock price, with obligations from major shareholders and executives[100] - The company has established a commitment to compensate investors for losses resulting from significant violations in information disclosure related to share repurchases[100] - The company has a commitment from its board members and senior management regarding the stability of the stock price[100] - The company has a governance structure that includes a shareholder meeting, board of directors, supervisory board, and management team, ensuring effective decision-making processes[186] - The company has implemented a salary assessment method linked to employee performance, skills, attendance, and contributions, promoting employee engagement[182] Employee and Management Information - The total number of employees in the parent company is 281, and in major subsidiaries, it is 69, resulting in a total of 350 employees[181] - The company has 200 production personnel, 30 sales personnel, 72 technical personnel, 10 financial personnel, and 38 administrative personnel, totaling 350 employees[181] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period is 5.1251 million yuan[178] - The company’s compensation management system is overseen by the remuneration and assessment committee, which evaluates the performance of senior management[178] Financial Management - The company invested a total of ¥399,979,000 in bank and broker financial products using idle raised funds, with an outstanding balance of ¥31,000,000 and no overdue amounts[133] - The company engaged in multiple entrusted financial management agreements, with a total of ¥5,000,000 in principal guaranteed products yielding annualized returns ranging from 4.50% to 5.48%[136] - The company has a total of ¥15,000,000 in entrusted financial management with a guaranteed principal, with actual returns of ¥621.57 and a yield of 5.48%[136] Environmental and Social Responsibility - The company has not experienced any environmental pollution incidents during the reporting period[149] - The company engaged in targeted poverty alleviation efforts, partnering with local governments to provide assistance[146] - The company invested CNY 74 million in various poverty alleviation projects, including CNY 5 million in industry development projects[145] Legal and Compliance - There were no significant lawsuits or arbitration cases during the reporting period, with no amounts exceeding 10 million RMB or 10% of the latest audited net assets[129] - The company has not faced any risks of suspension or termination of its listing during the reporting period[128] - The company has maintained a strict internal control system to protect shareholder rights and ensure compliance with relevant laws[146]