WXQC(SZ:000559)2020-04-19 16:00Financial Performance - The company's operating revenue for 2019 was ¥10,581,105,123.62, a decrease of 6.87% compared to ¥11,362,076,796.40 in 2018[9]. - The net profit attributable to shareholders for 2019 was ¥536,030,040.36, down 25.82% from ¥722,596,037.47 in the previous year[9]. - Basic earnings per share for 2019 were ¥0.19, a decrease of 27.48% from ¥0.262 in 2018[9]. - The company reported a total revenue of 16,440 million for the year 2019[135]. - Operating profit for 2019 was approximately ¥584.96 million, down 27.0% from ¥801.76 million in 2018[194]. - Net profit for 2019 was approximately ¥545.87 million, a decrease of 27.1% compared to ¥748.50 million in 2018[195]. - Total profit for 2019 was CNY 601,368,046.64, a decline of 14.4% compared to CNY 702,878,676.01 in 2018[199]. - The net profit attributable to shareholders was CNY 588,065,631.70, down 15.6% from CNY 696,699,190.08 in 2018[199]. Cash Flow and Investments - The net cash flow from operating activities significantly increased to ¥1,276,455,926.64, representing a 944.06% increase compared to ¥122,259,355.79 in 2018[9]. - Operating cash inflow decreased by 3.52% to ¥11,586,646,745.30 from ¥12,008,831,083.63[34]. - Total cash inflow from investment activities rose by 53.05% to ¥328,763,156.00 from ¥214,802,823.16[34]. - The investment amount for the reporting period was ¥482,624,254.98, an increase of 83.80% compared to ¥262,575,633.00 in the previous year[38]. - The company is currently investing in projects such as the automotive hub unit with an investment of ¥90,734,591.99[40]. - The company is developing smart factories with an investment of ¥204,789,053.91, expecting a return of ¥504,720,000.00[40]. Assets and Liabilities - The total assets at the end of 2019 were ¥12,028,177,341.44, a slight decrease of 0.17% from ¥12,048,383,364.90 at the end of 2018[9]. - The company's total liabilities decreased slightly to ¥6,580,009,944.35 from ¥6,585,804,766.10, indicating a reduction of about 0.1%[186]. - The company's long-term borrowings were adjusted to ¥653,447,641.29 after the implementation of new financial standards[66]. - The company's cash balance was RMB 2,080.65 million as of December 31, 2019, compared to RMB 2,053.16 million at the end of 2018, indicating a slight increase[181]. Research and Development - The company's R&D investment in 2019 was 488,883,709.71 yuan, representing 4.62% of operating revenue, an increase from 4.52% in 2018[32]. - Research and development expenses for 2019 were approximately ¥453.86 million, down 11.6% from ¥513.01 million in 2018[194]. - The number of R&D personnel decreased by 22.86% year-on-year, from 971 in 2018 to 749 in 2019[33]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.6 per 10 shares, based on a total of 2,753,159,454 shares[2]. - The total cash dividend amount for 2019 is 165,189,567.24 yuan, which accounts for 100% of the distributable profit[59]. - The cash dividend for 2018 was also 2.00 yuan per 10 shares, with a total cash dividend amount of 550,631,890.80 yuan, representing 76.20% of the net profit attributable to shareholders[58]. - The company has maintained a consistent cash dividend policy over the past three years, ensuring clarity and compliance with regulations[56]. Environmental and Compliance - The company reported a total of 1.8 tons per year of COD emissions, which is below the approved limit of 3 tons per year[105]. - The company has a wastewater treatment station with a designed capacity of 352 tons per day, currently processing 250 tons per day[108]. - The wastewater treatment station at Wanxiang Qianchao has passed environmental inspections and operates within discharge standards[108]. - The company has established emergency response plans for environmental incidents, which have been filed with the relevant environmental authorities[113]. Governance and Management - The company’s governance structure complies with the relevant regulatory documents issued by the China Securities Regulatory Commission[155]. - The audit and assessment committee reviewed the financial statements and confirmed they comply with accounting standards, reflecting the company's financial status and operating results[164]. - The company has established a performance evaluation system for senior management, linking compensation to company performance and individual achievements[166]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period was 5.2848 million yuan[148]. Market and Strategic Focus - The company aims to enhance its core competitiveness and overall economic efficiency through strategic resource optimization and market expansion[49]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[142]. - The company plans to conduct global production base layout to leverage both domestic and international assets and operations[51]. - The company is committed to technological innovation in smart components and will invest in electric, intelligent, and connected vehicle technologies[53].