CBG(SZ:000009)2020-04-28 16:00Financial Performance - The company's operating revenue for 2017 was ¥7,023,511,217.26, representing a 9.54% increase compared to ¥6,411,749,425.42 in 2016[10]. - The net profit attributable to shareholders was CNY 133,203,837.23, a decrease of 42.93% compared to the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -82,217,874.61, a decline of 467.46% year-on-year[11]. - The net cash flow from operating activities was CNY 390,907,160.93, an increase of 3,314.26% compared to the previous year[11]. - Total assets increased by 25.37% to CNY 27,109,464,910.13 at the end of 2017 compared to the end of 2016[11]. - The company achieved total operating revenue of CNY 7,070.80 million, a year-on-year increase of 9.63%[30]. - The company's net profit attributable to shareholders was CNY 133.20 million, a decrease of 42.93% due to significant asset impairment provisions, which increased by 136.78% year-on-year[30]. - The total operating costs in 2017 were significantly impacted by direct materials, which accounted for ¥1,963,786,631.84 or 42.50% of total operating costs, up from 32.02% in 2016[36]. - The total cash and cash equivalents increased by 204.90% to ¥1,885,831,766.86 in 2017, primarily due to increased cash received from subsidiaries and expanded financing[46]. - The company reported a total comprehensive income of CNY 1,284,295,016.56 for the year, indicating strong financial performance[200]. Dividends and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of ¥0.20 per 10 shares, based on a total of 2,149,344,971 shares[2]. - The proposed cash dividend for 2017 is CNY 0.20 per share (including tax), with a total cash dividend amount of CNY 42,986,899.42, which is 100% of the distributable profit[73]. - In 2017, the company achieved a net profit of CNY 133,203,837.23, with a cash dividend payout amounting to CNY 42,986,899.42, representing 32.27% of the net profit attributable to shareholders[72]. - The company's retained earnings available for distribution in 2017 amounted to CNY 240,070,445.49 after accounting for previous distributions[74]. Business Operations and Changes - The company has undergone changes in its main business scope, including investments in high-tech industries such as new materials and renewable energy since August 2014[8]. - The company has been listed on the Shenzhen Stock Exchange since June 1991, with its business scope evolving over the years[8]. - The company added 46 new subsidiaries to its consolidation scope during the reporting period due to new establishment, equity acquisition, and capital increase[37]. - The company acquired International Precision, which generated revenue of CNY 490.84 million and a net profit of CNY 37.22 million since its consolidation in June 2017[18]. - The company established several new subsidiaries during the reporting period, which had no significant impact on the overall performance[61]. Risk Management and Compliance - The company has detailed risk factors and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[2]. - The company has not made any retrospective adjustments or restatements of previous years' accounting data[9]. - The company has maintained compliance with its profit distribution policy as per its articles of association[71]. - The company has no significant litigation or arbitration matters during the reporting period[84]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[78]. Environmental and Social Responsibility - The wastewater treatment facility of Shenzhen BTR New Energy Materials Co., Ltd. is operating normally, ensuring compliance with environmental standards[113]. - The company actively participated in poverty alleviation efforts, donating CNY 10,000 to a nursing home and providing essential goods to five impoverished households[108]. - The company created 30 job opportunities for impoverished individuals in surrounding villages, including five positions for disabled persons[108]. - The company plans to continue its poverty alleviation efforts in 2018, focusing on donations and support for impoverished areas[110]. Shareholder Structure and Governance - The company reported a total of 184,893 shareholders at the end of the reporting period[129]. - The largest shareholder, Shenzhen Fuan Holdings Co., Ltd., holds 11.91% of the shares, totaling 256,013,898 shares, with 248,900,000 shares pledged[130]. - The company has no controlling shareholder or actual controller, indicating a decentralized ownership structure[133]. - The company has maintained a stable leadership team with no significant changes in the board of directors or senior management during the reporting period[139]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 32.5692 million[146]. Financial Management and Investments - The company reported an investment income of RMB 330,604,691.47, a decrease of 18.4% from RMB 405,364,512.97 in 2016[198]. - The company raised funds through bonds, which were used to repay bank loans and supplement working capital, with a year-end balance of 0 million yuan[173]. - The company maintained effective internal controls over financial reporting in all significant aspects[168]. - The company plans to use up to RMB 500 million of its own funds for short-term entrusted wealth management and an additional RMB 500 million for securities investments, excluding its listed subsidiaries[163].