NSU(SZ:002089)2021-04-27 16:00Financial Performance - The company reported a total revenue of RMB 1.5 billion for the year 2017, representing a year-on-year increase of 12%[12]. - The net profit attributable to shareholders was RMB 200 million, which is a 15% increase compared to the previous year[12]. - The company's operating revenue for 2017 was ¥1,604,715,291.66, a decrease of 15.57% compared to ¥1,900,601,749.26 in 2016[6]. - The net profit attributable to shareholders was -¥186,271,280.16, representing a decline of 780.13% from a profit of ¥27,387,716.97 in 2016[6]. - The net profit after deducting non-recurring gains and losses was -¥229,951,824.27, a significant drop of 11,812.76% compared to ¥1,963,258.90 in 2016[6]. - The net cash flow from operating activities was ¥178,253,992.58, down 13.54% from ¥206,157,501.00 in 2016[6]. - The total assets at the end of 2017 were ¥4,541,894,954.00, a decrease of 15.51% from ¥5,375,449,361.89 at the end of 2016[6]. - The net assets attributable to shareholders decreased by 11.99% to ¥1,669,365,506.58 from ¥1,896,876,875.22 in 2016[6]. - The company reported a basic and diluted earnings per share of -¥0.14, a decline of 800.00% from ¥0.02 in 2016[6]. - The company reported a net loss of 186,271,280.16 RMB in 2017, resulting in a 0.00% cash dividend payout ratio[120]. Investment and Development - The company plans to invest RMB 300 million in new product development and technology research in 2018[12]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[12]. - The company invested in Jiangsu Haishida Power Co., Ltd., which focuses on the research and production of lithium-ion batteries and related technologies[29]. - The company has acquired a 60% stake in the Molblan lithium mine in Quebec, Canada, and plans to establish a lithium processing plant domestically[48]. - The company has established a research and development information system to enhance its competitive advantage in the electric vehicle and battery sectors[50]. - R&D investment amounted to ¥53,842,799.56 in 2017, a decrease of 29.96% from ¥76,879,652.76 in 2016, representing 3.36% of operating revenue[75]. Market Position and Strategy - Future guidance indicates a projected revenue growth of 10-15% for 2018, driven by market expansion and new product launches[12]. - The company is positioned to benefit from the government's initiatives to promote new energy vehicles, including tax exemptions for purchases from 2018 to 2020[38]. - The company has established a strategic layout in the new energy electric logistics vehicle industry, focusing on both vehicle production and battery support[95]. - The company plans to expand its market share in the new energy electric logistics vehicle sector while maintaining a strong position in the industry[95]. - The company aims to strengthen its core competitiveness in the "new energy" and "big communication" sectors despite facing challenges[56]. Risks and Challenges - The company has identified key risks in market competition and regulatory changes, which will be closely monitored[4]. - The company faced significant challenges during its transformation, resulting in a net profit loss of 71.90 million yuan due to asset impairment losses of 210 million yuan[55]. - The company faced a significant policy risk in the new energy vehicle sector, with a 20% reduction in subsidies for 2017-2018 compared to 2016 levels[93]. - The software outsourcing market is facing increasing competition and declining gross margins, necessitating timely product launches and effective market strategies to mitigate market risks[103]. Shareholder and Dividend Policy - The company will not distribute cash dividends or issue bonus shares for the year 2017, opting to reinvest profits into business growth[4]. - The company emphasizes a stable profit distribution policy, ensuring that cash dividends are not less than 10% of the distributable profits of the parent company[113]. - The company has a clear shareholder return plan for 2015-2017, prioritizing cash dividends when conditions allow[115]. - The cash dividend distribution policy emphasizes a minimum cash dividend ratio of 80% during mature stages without major capital expenditures[118]. - The company has committed to ensuring that minority shareholders have ample opportunities to express their opinions and protect their legal rights[118]. Operational Efficiency - The company emphasizes cost control, resulting in a noticeable decrease in unit costs for Shaanxi Tongjia, enhancing its market competitiveness[51]. - The total operating costs for the communication manufacturing sector decreased by 19.14% from 1,117,986,701.83 CNY in 2016 to 904,026,230.54 CNY in 2017[66]. - Sales expenses decreased by 44.17% from 18,037,861.68 CNY in 2016 to 10,071,209.86 CNY in 2017 due to reduced sales personnel[73]. - The labor costs for software development decreased significantly by 57.83%, from 267,290,170.94 CNY in 2016 to 112,727,255.20 CNY in 2017[68]. Lease and Related Transactions - The company signed multiple lease agreements with various companies, with monthly rents ranging from 13 CNY to 23 CNY per square meter[155][156][157]. - The company has a total of 3 billion CNY registered capital in its joint investment with Nanjing Haiyi Star, focusing on the research and development of power battery-related products[149]. - The company has engaged in related party transactions, including the sale of materials to Suzhou Haizhong Aviation Parts Co., Ltd. at a market price of 56.31 million yuan, accounting for 15.39% of the transaction amount[144]. Corporate Governance - The company has maintained the same accounting firm, Huapu Tianjian, for 8 years, with an audit fee of 3 million yuan for the current period[137]. - The company has not experienced any major accounting errors that require retrospective restatement during the reporting period[135]. - The company emphasizes the protection of shareholder rights and adheres to relevant laws and regulations[197].