深科技(000021) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥16,061,005,965.27, representing a 13.03% increase compared to ¥14,209,778,550.46 in 2017[12]. - The net profit attributable to shareholders for 2018 was ¥530,073,217.29, a decrease of 2.07% from ¥541,303,018.08 in 2017[12]. - Basic earnings per share for 2018 were ¥0.3603, down 2.07% from ¥0.3679 in 2017[12]. - The company's net assets attributable to shareholders increased by 7.33% to ¥6,285,956,609.93 at the end of 2018[12]. - The total assets at the end of 2018 were ¥15,539,378,939.58, a decrease of 6.39% from ¥16,599,483,730.27 at the end of 2017[12]. - The weighted average return on net assets was 8.67%, down from 9.74% in the previous year[12]. - The net cash flow from operating activities decreased by 41.53% to ¥420,770,432.04 from ¥719,672,524.36 in the previous year[12]. - The company reported a significant increase in government subsidies, amounting to CNY 424.51 million in 2018, compared to CNY 106.08 million in 2017, indicating a growth of 300%[16]. - The company achieved a revenue of 16.06 billion yuan in 2018, representing a year-on-year growth of 13.03%[26]. - The revenue from hard disk-related products was approximately ¥4.36 billion, accounting for 27.15% of total revenue, which is a decrease of 3.05% compared to ¥4.50 billion in 2017[38]. - The OEM products revenue increased by 21.58% to approximately ¥10.34 billion, making up 64.37% of total revenue[38]. Cash Flow and Investments - The net cash flow from operating activities for the fourth quarter was negative at CNY -208.41 million, contrasting with positive cash flows in the previous quarters, highlighting potential liquidity challenges[15]. - Operating cash inflow totaled CNY 15.81 billion, an increase of 11.69% compared to CNY 14.15 billion in 2017[51]. - Operating cash outflow amounted to CNY 15.39 billion, reflecting a 14.54% increase from CNY 13.43 billion in the previous year[51]. - Cash and cash equivalents net increase was CNY 197.32 million, a significant decline of 63.00% from CNY 533.26 million in the previous year[52]. - The total investment during the reporting period was 363 million CNY, representing a decrease of 40.78% compared to the previous year[59]. - The company reported an investment income of CNY 128.42 million, accounting for 18.37% of total profit, primarily from the sale of stocks[54]. Research and Development - Research and development expenses increased by 149% to approximately ¥199.82 million, representing 1.24% of total operating revenue[48]. - The number of R&D personnel increased by 4.20% to 695, with R&D personnel accounting for 3.16% of the total workforce[50]. - The company has developed advanced packaging technologies such as wafer-level packaging and system-level packaging to enhance its core competitiveness[28]. - The company is actively expanding its industrial IoT product offerings, including real-time electrostatic protection monitoring systems and intelligent site management systems[30]. - The company has allocated 300 million RMB for research and development in the upcoming year, focusing on innovative technologies[141]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.00 per 10 shares, totaling approximately ¥147,125,936.36 based on 1,471,259,363 shares[3]. - The cash dividend for 2018 represents 27.76% of the company's consolidated net profit of CNY 530,073,217.29[87]. - Cumulative cash dividends over the last three years (2016-2018) accounted for 68.65% of the average net profit attributable to shareholders[84]. - The company has a shareholder return plan for 2018-2020, emphasizing continuous improvement of the cash dividend policy[84]. Market Expansion and Strategic Initiatives - The company is actively expanding into strategic emerging industries, including electronic components for new energy vehicles, aligning with market trends[18]. - The company has established multiple R&D and manufacturing bases in China and overseas, including locations in Malaysia and the Philippines, enhancing its global operational footprint[18]. - The company is expanding its medical product capabilities, having obtained necessary licenses for its Shenzhen and Suzhou factories, and plans to enhance its R&D team in this area[33]. - The company is planning to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[141]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's R&D capabilities and is expected to be finalized by Q3 2019[141]. Corporate Governance and Compliance - The company has a complete and clear governance structure that complies with relevant laws and regulations, ensuring effective operation of the board of directors and supervisory board[158]. - The company has maintained independence from its controlling shareholder, China Electronics Corporation, in business, personnel, assets, institutions, and finance[161]. - The audit committee found no significant internal control deficiencies during the reporting period, with 0 major and 0 important deficiencies reported[180]. - The company has established a performance evaluation system for senior management, linking their income to performance and risk[179]. - The company emphasizes the importance of information disclosure and investor protection, ensuring compliance with regulations and enhancing transparency[159]. Risks and Challenges - Risks include market competition, exchange rate fluctuations, and the need for skilled talent in technology and manufacturing sectors[81]. - The company faced potential economic losses from fraud that could exceed 50,000 yuan[181]. - The company is under investigation by local government or regulatory bodies due to violations of laws and regulations, which could lead to fines[183]. - The company experienced a turnover of core professional teams and management personnel between 1% and 10%, impacting employee morale and efficiency[183]. Environmental and Social Responsibility - The company is committed to environmental protection, with a total pollutant discharge of 2.61 tons/year for suspended solids and 6.38 tons/year for chemical oxygen demand, all within regulatory limits[119]. - The company has established a self-monitoring scheme for environmental compliance, which has been approved by the Shenzhen Environmental Monitoring Center[120]. - The company has not yet initiated targeted poverty alleviation efforts but remains committed to public welfare and corporate social responsibility[118].