ST工智(000584) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥2,382,599,591.33, representing a 51.60% increase compared to ¥1,571,643,672.74 in 2017[19]. - The net profit attributable to shareholders for 2018 was ¥120,349,023.83, a 33.65% increase from ¥90,047,841.33 in 2017[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥95,634,694.76, showing a significant increase of 262.24% from ¥26,401,282.84 in 2017[19]. - The basic earnings per share for 2018 was ¥0.1962, up 33.65% from ¥0.1468 in 2017[20]. - The total assets at the end of 2018 were ¥4,494,805,671.83, a 22.29% increase from ¥3,675,460,311.21 at the end of 2017[20]. - The net assets attributable to shareholders increased by 6.78% to ¥1,700,668,222.38 at the end of 2018 from ¥1,592,632,798.92 at the end of 2017[20]. - The weighted average return on equity for 2018 was 7.31%, an increase from 5.80% in 2017[20]. - The company achieved a revenue of 2,382.60 million CNY in 2018, an increase of 51.60% compared to the previous year[47]. - Operating profit reached 198.00 million CNY, up 31.84% year-on-year[47]. - The company reported a gross margin of 20.51% for high-end equipment manufacturing, with revenue of ¥1,123,125,517.48 and costs of ¥892,825,167.61[63]. Cash Flow and Investments - The net cash flow from operating activities decreased by 48.70% to ¥204,097,392.59 in 2018 from ¥397,845,982.99 in 2017[19]. - Operating cash inflow totaled ¥2,081,345,442.07, a 56.68% increase year-over-year, while cash outflow rose by 101.72% to ¥1,877,248,049.48[77]. - Investment cash inflow surged by 426.23% to ¥780,904,519.08, mainly from the sale of Jiangyin Youli Investment Management Co., Ltd.[77]. - The company reported a loss of ¥14,939,128.36 from its investment in Jiaxing Dazhi Robot Industry Co.[89]. - The company has a total of 8,600 million CNY in guarantees for another property purchase, with an actual guarantee amount of 0[183]. Dividends and Shareholder Commitments - The company reported a cash dividend of 0.20 RMB per 10 shares, totaling approximately 122.66 million RMB based on 613,324,339 shares[5]. - The cash dividend distribution plan for 2018 is set at RMB 0.20 per 10 shares, totaling RMB 12,266,486.78, which represents 10.19% of the consolidated net profit[130][131]. - The company has maintained a consistent cash dividend distribution over the past three years, with no dividends distributed in 2016[131]. - The actual controller and shareholders of the company have committed to not transferring shares obtained from the recent share transfer transaction for 36 months after the registration date[135]. - The company has fulfilled its commitment regarding the increase in shareholding, with 30% of the remaining after-tax transaction amount being used for stock purchases within 24 months[135]. Business Operations and Strategy - The company has a significant focus on the development of intelligent robotics and automation technologies[9]. - The company has established a one-stop service platform for robots, named "51ROBOT"[9]. - The company is actively expanding its market presence in the aerospace sector, focusing on technology upgrades and automation equipment development[31]. - The company plans to continue investing in R&D for core components and peripheral equipment in the robotics sector to support its overall strategic goals[29]. - The company aims to enhance its core competitiveness by integrating "high-end equipment manufacturing + one-stop robot solution platform + artificial intelligence robots" in its strategic business layout[111]. Market and Competition - The company faces risks including macroeconomic fluctuations, operational management risks, technological innovation risks, and intensified market competition[5]. - The company has established strong market competitiveness in the automotive sector, providing advanced flexible production lines and automation solutions to major clients including China FAW Group and Volvo[30]. - The company has faced increased market competition in the intelligent manufacturing sector, which may impact profit margins and order volumes[124]. - The company is focusing on optimizing cash flow and promoting industrial transformation through asset management strategies[100]. Research and Development - The company has over 100 patents in high-end intelligent manufacturing and artificial intelligence, with 32 patents pending[39]. - The number of R&D personnel rose by 35.04% to 370, making up 40.44% of the workforce[75]. - Research and development expenses increased by 81.06% to ¥46,309,737.54, driven by increased investment and the acquisition of Ruifeng Electromechanical[74]. - The company plans to increase R&D investment to boost independent innovation capabilities and enhance core competitiveness through technology and product upgrades[116]. Subsidiaries and Acquisitions - The company is involved in various subsidiaries and projects, including the Chengdu Shudu Yintai real estate project[10]. - The company acquired Zhejiang Ruifeng Machinery Co. for ¥566,000,000, obtaining a 60% stake in the company[91]. - The company established a joint venture, Huzhou Harbin Supply Chain Service Co., Ltd., with a registered capital of RMB 50 million to enhance its industrial robot and surrounding equipment supply chain financial services[173]. - The company successfully sold its spandex business, optimizing asset management and enhancing overall financial performance[34]. Compliance and Governance - The company has not reported any discrepancies between international and Chinese accounting standards during the reporting period[21]. - The company has not faced any major debts that remain unpaid in the last three years[138]. - The company has committed to avoiding related party transactions with its controlling shareholders and will ensure fair pricing in necessary transactions[138]. - There have been no significant legal or administrative penalties against the company or its current directors and management in the last three years[138].