联创电子(002036) - 2018 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares (including tax) and will issue 3 bonus shares for every 10 shares held[4]. - The cash dividend for the 2018 fiscal year totals RMB 24,548,276.84 (including tax) [142]. - The total cash dividend, including other methods such as share buybacks, amounts to RMB 52,548,058.89, representing 21.39% of the net profit attributable to ordinary shareholders [142]. - The cash dividend for 2018 accounts for 9.99% of the consolidated net profit attributable to ordinary shareholders, which is RMB 245,685,945.67 [142]. - The company plans to distribute a cash dividend of RMB 0.45 per 10 shares for the 2018 fiscal year, totaling RMB 24,548,276.84 (including tax) [142]. - The company has committed to a profit distribution plan that ensures cash dividends will not be less than 20% of the total profit distribution in cases of significant capital expenditures [144]. - The total distributable profit for the year is RMB 955,364,079.65 [142]. Business Transformation and Focus - The company has undergone a business transformation since February 18, 2016, shifting its focus from the production and sales of hemp and fabric to the research, production, and sales of touch display products and optical components[22]. - The company has established a strategic focus on developing integrated touch display products and OLED-related components to leverage the positive trends in the flexible OLED industry[127]. - The company is focusing on R&D investments in AR/VR optical components and high-definition wide-angle imaging modules to capture emerging market opportunities[118]. Financial Performance - The company's operating revenue for 2018 was ¥4,802,264,162.21, a decrease of 4.99% compared to ¥5,054,383,546.71 in 2017[24]. - The net profit attributable to shareholders for 2018 was ¥245,685,945.67, down 13.40% from ¥283,698,019.58 in 2017[24]. - The net profit after deducting non-recurring gains and losses was ¥142,535,001.44, a significant decline of 44.02% compared to ¥254,610,127.58 in 2017[24]. - The company's total assets increased by 39.68% to ¥6,849,667,739.29 at the end of 2018, up from ¥4,903,856,174.23 at the end of 2017[26]. - The net assets attributable to shareholders rose by 10.31% to ¥2,064,540,430.13 at the end of 2018, compared to ¥1,871,569,038.68 at the end of 2017[26]. - The company achieved a total sales revenue of 4.80 billion yuan in 2018, a decrease of 4.99% compared to the previous year[55]. - The net profit attributable to the parent company was 246 million yuan, down 13.40% year-on-year[55]. Risk Management - The company emphasizes the importance of market conditions and various factors affecting the realization of future operational plans and performance forecasts, highlighting the inherent uncertainties[4]. - The company has established a risk management framework to address various risks, including interest rate risk, liquidity risk, and operational risk[4]. Research and Development - The company applied for 70 patents in the touch display industry in 2018, including 13 invention patents, totaling 139 authorized patents by the reporting period[49]. - The number of R&D personnel rose by 37.93% to 971, with R&D investment totaling ¥196,085,164.92, a 24.55% increase from the previous year[87]. - Research and development expenses increased by 1.99% to ¥134,699,744.92, driven by new product development investments[85]. Market Position and Strategy - The company has established strategic partnerships with international automotive safety companies, with eight vehicle-mounted lenses certified by Mobileye[37]. - The company has formed strong R&D partnerships in the optical industry, ensuring its products align with advanced sensor technologies[44]. - The company has become the largest supplier of action camera lenses globally, establishing a strong brand presence in the market[47]. - The company is actively seeking government support for its major projects, benefiting from various financial incentives to reduce operational costs[64]. - The company is focusing on expanding its market presence in the optical lens and imaging module sectors, which are expected to have a broad market outlook[114]. Subsidiaries and Investments - The company has a total of 10 subsidiaries, including Jiangxi Lianchuang Electronics Co., Ltd. and Chongqing Liangjiang Lianchuang Electronics Co., Ltd.[11]. - The company established the Jiangxi Lianchuang Silicon Valley Paradise Integrated Circuit Industry Fund and became the largest shareholder of Korea Mephas Co., Ltd., holding 15.43% of its shares[40]. - The company established a new subsidiary, Fuzhou Lianchuang Hengtai Optoelectronics Co., Ltd., with an investment of ¥300,000,000, holding a 100% stake[100]. - The company acquired a 60% stake in Sichuan Huajing Optoelectronics Technology Co., Ltd. for ¥47,550,000[100]. Production Capacity and Supply Chain - The company has completed the construction of a new production project for integrated touch display products with an annual capacity of 80 million units, which is gradually releasing production capacity[39]. - The company has improved its production capacity for molded glass lenses to 2 million units per month, ensuring self-sufficiency amid global shortages[58]. - The company has established a vertically integrated supply chain for touch display products, enabling rapid and low-cost customization for clients[50]. - The company aims to achieve a production capacity of over 10 million touch display modules per month, enhancing its competitive edge through strategic partnerships with upstream resource companies[129]. Financial Management and Accountability - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management team[3]. - The company has established independent financial accounting and management systems, ensuring no shared bank accounts with controlled entities[153]. - The company guarantees the independence of its operations and financial decisions, ensuring no interference from controlling entities[153]. - The company has not experienced any non-operating fund occupation by major shareholders or related parties during the reporting period[154]. Customer Concentration and Revenue Sources - Total sales from the top five customers amounted to ¥2,900,383,698.56, accounting for 60.39% of the annual total sales[83]. - The largest customer contributed ¥1,131,118,940.19, representing 23.55% of the annual total sales[83]. - Domestic revenue accounted for 56.09% of total revenue, totaling ¥2,693,571,128.28, a decrease of 5.44% from the previous year[70]. - International revenue was ¥2,108,693,033.93, which is a decrease of 4.40% year-over-year, making up 43.91% of total revenue[70]. Environmental and Social Responsibility - The company has established pollution prevention facilities, including a wastewater treatment plant and two sets of exhaust gas adsorption devices, all of which are operating normally[191].