苏州固锝(002079) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was CNY 1,980,553,309.06, representing a year-over-year increase of 5.05% from CNY 1,885,325,487.13 in 2018[28]. - The net profit attributable to shareholders for 2019 was CNY 96,454,137.86, a slight increase of 2.01% compared to CNY 94,550,523.55 in 2018[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 30.45% to CNY 78,728,598.25 from CNY 113,203,662.96 in 2018[28]. - The net cash flow from operating activities increased by 34.34% to CNY 191,192,138.71 from CNY 142,317,782.85 in 2018[28]. - The total assets at the end of 2019 were CNY 2,243,800,973.69, reflecting a growth of 9.22% from CNY 2,054,372,515.16 at the end of 2018[30]. - The net assets attributable to shareholders at the end of 2019 were CNY 1,722,576,649.90, an increase of 6.75% from CNY 1,613,643,258.13 at the end of 2018[30]. - The company reported a basic earnings per share of CNY 0.1325 for 2019, up 2.00% from CNY 0.1299 in 2018[28]. - The total profit for 2019 was CNY 16,288,370, an increase of 9.23% compared to the previous year[70]. - The net profit attributable to shareholders was CNY 9,645,410, reflecting a growth of 2.01% year-on-year[70]. - The company's total revenue for 2019 was approximately CNY 1.35 billion, representing a year-on-year growth of 19.18%[76]. Dividend Policy - The company plans to distribute a cash dividend of 0.4 yuan per 10 shares to all shareholders, based on a total of 727,971,487 shares[8]. - The cash dividend for 2019 is set at 0.40 yuan per 10 shares, totaling 29,118,859.48 yuan, which represents 30.19% of the net profit attributable to ordinary shareholders[176]. - The company reported a total distributable profit of 530,528,874.04 yuan for the year 2019, with the cash dividend constituting 100% of the profit distribution[176]. - The company proposed a cash dividend of 0.30 yuan per 10 shares for the year 2018, based on a total share capital of 727,971,487 shares[173]. - The cash dividend amount for 2018 was 21,839,144.61 yuan, accounting for 23.10% of the net profit attributable to ordinary shareholders[175]. Product Development and Innovation - The company is focusing on expanding its product range from single gravity acceleration sensors to include combination smart sensors, pressure sensors, and silicon microphones[16]. - The company is actively involved in the development of new technologies and products, including sensors for the Internet of Things and solar cell silver paste[38]. - The company has enhanced its R&D capabilities with MEMS-CMOS 3D integration manufacturing platform technology and 8-inch wafer-level packaging technology, elevating its technical level from domestically advanced to internationally advanced[40]. - The company has accumulated over 130 patents and is launching new products, including a new generation of three-axis accelerometers and pressure sensors[149]. - The company plans to enhance the technology of PERC battery silver paste and provide technical support for HIT, bifacial, and TOPCon silver paste in 2020[105]. Market Position and Strategy - The company aims to strengthen its core competitiveness and expand its market presence in the fields of electronic components, new energy materials, integrated circuit packaging, and military products[17]. - The company has maintained a leading position in the sales of rectifier diodes in China for over a decade[38]. - The company is the largest rectifier device manufacturer in China and the largest enterprise for integrated circuit QFN/DFN, facing significant competition from global semiconductor giants[159]. - The company aims to become the world's leading player in the diode industry and expand its market share in SiP, QFN, and MEMS packaging, following the acquisition of AICS in Malaysia[147]. - The company is focusing on the development of automotive electronic products, new energy LOWVF products, 5G communication components, and high-voltage silicon carbide products[69]. Environmental and Social Responsibility - The company has initiated a "no-leak" project and a "no-hydrogen" factory project to enhance environmental protection efforts[61]. - The company has reduced chemical usage by 29% at the main plant's wastewater treatment station through the adoption of new agents[61]. - The company has established long-term cooperative relationships with leading global semiconductor manufacturers, enhancing its resource integration capabilities in the semiconductor industry[54]. - The company has established 35 branches across various departments to implement eight modules of the "family" culture, focusing on humanistic care, education, and environmental protection[56]. - The company has actively participated in community service and environmental initiatives, including recycling programs and promoting green living[61]. Challenges and Risks - The company acknowledges the risks posed by the semiconductor industry's cyclical nature and the impact of the COVID-19 pandemic on its operations in 2020[7]. - The COVID-19 pandemic poses challenges to the global semiconductor market and supply chain, impacting the company's performance in 2020[164]. - The company has established a pandemic prevention leadership team to adapt to the crisis and seize opportunities in new infrastructure projects, including 5G and high-speed rail[165]. Financing and Investment - The company plans to complete a Series B financing of 65 million yuan to support its strategic goal of becoming a leading sensor and sensing technology solutions provider globally[16]. - The total cash inflow from investment activities increased by 46.66% year-on-year, reaching approximately CNY 1.66 billion[87]. - The company increased its investment in 2019 to CNY 113.37 million, a rise of 33.95% from CNY 84.63 million in the previous year[95]. - The company has entrusted a total of 40 million CNY in bank wealth management products, with no overdue amounts reported[198]. Employee Engagement and Culture - The company emphasizes the importance of customer satisfaction and employee happiness as part of its core values and strategic direction[17]. - The company has been recognized as a benchmark unit for private happiness enterprises in China and received multiple awards for its cultural contributions[62]. - The company has implemented a "no night shift" policy to improve employee health, achieving a day shift rate of 98% in the filial piety department[58]. - In 2019, the company provided various forms of care funds, including filial piety funds and educational subsidies, to support employees and their families[58].