SLC(SZ:002106)2020-04-10 16:00Financial Performance - The company's operating revenue for 2019 was ¥4,802,171,361.91, representing an increase of 8.74% compared to ¥4,416,084,125.93 in 2018[30]. - The net profit attributable to shareholders for 2019 was ¥281,855,990.95, a 25.30% increase from ¥224,947,441.02 in 2018[30]. - The net profit after deducting non-recurring gains and losses was ¥233,363,461.28, up 16.54% from ¥200,238,533.11 in 2018[30]. - The net cash flow from operating activities reached ¥616,166,411.42, a significant increase of 152.86% compared to ¥243,681,897.14 in 2018[30]. - The basic earnings per share for 2019 was ¥0.40, reflecting a 25.00% increase from ¥0.32 in 2018[30]. - The total assets at the end of 2019 were ¥5,326,181,898.96, which is a 9.93% increase from ¥4,845,035,176.21 at the end of 2018[30]. - The weighted average return on equity for 2019 was 7.16%, up from 5.98% in 2018[30]. - The company reported a total net profit of ¥53,356,641.17 in Q4 2019, with a notable decrease from Q3's ¥133,213,312.68 due to foreign exchange losses[38]. - The company received government subsidies amounting to ¥55,244,363.09 in 2019, compared to ¥43,304,096.95 in 2018[40]. - The company has not changed its main business since listing, maintaining its focus on high-tech products[29]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares based on a total share capital of 705,816,160 shares as of December 31, 2019[9]. - The cash dividend for 2019 represents 25.04% of the net profit attributable to ordinary shareholders, which was 281,855,990.95 RMB[128]. - The cash dividend distribution for 2019 is based on a total share capital of 705,816,160 shares, maintaining the same dividend amount of 70,581,616 RMB, with no stock dividends or capital reserve transfers[126]. - The company has consistently paid cash dividends over the past three years, with the 2017, 2018, and 2019 dividends all being 70,581,616 RMB, reflecting a decreasing payout ratio from 50.09% in 2017 to 25.04% in 2019[128]. - The total distributable profit for 2019 was 206,444,199.62 RMB, with the cash dividend amounting to 100% of the total profit distribution[129]. - The cash dividend was fully distributed by June 6, 2019, ensuring timely returns to shareholders[126]. - The company’s cash dividend policy has been compliant with the regulations and resolutions of the shareholders' meeting[125]. - The independent directors have fulfilled their responsibilities in overseeing the dividend distribution process[125]. Market Strategy and Product Development - The company has developed new products such as OGS and OGM, which enhance touch screen technology and support advanced features like narrow borders and stylus operation[14]. - The company is focusing on expanding its market presence through the development of flexible touch screen sensors and modules, which can support various sizes and structures[14]. - The company aims to leverage its technological advancements to capture a larger share of the growing touch screen market[14]. - The company is focused on research and development to innovate and improve its product lineup, ensuring alignment with market trends and customer needs[14]. - The company is committed to improving product quality and market competitiveness in specialized applications like automotive and smart home[20]. - The company aims to promote new technologies and products such as SFM/SFI flexible touch screens and COF[20]. - The company is exploring opportunities for mergers and acquisitions to enhance its competitive position in the market[12]. - The company focuses on large-size integrated capacitive touch screens and full lamination products as the main source of operating profit[19]. - The company has successfully developed a new generation of integrated black technology for automotive touch screens, expanding its application in various products[48]. - The company has developed and started small-scale sales of new flexible touch screen products using SFM and SFI structures in Q4 2019[48]. Risk Management - The company faces foreign exchange risk due to significant overseas sales, which may increase exchange loss[21]. - The company will monitor exchange rate trends and engage in foreign exchange derivatives to mitigate potential losses[21]. - The company anticipates potential risks from the COVID-19 pandemic affecting global laptop demand, which may impact orders and market performance[113]. - The company will actively monitor exchange rate fluctuations and engage in foreign exchange derivative transactions to mitigate currency risk[118]. Environmental and Social Responsibility - The company has established an environmental protection management system and has invested significantly in energy-saving and emission-reduction initiatives, saving nearly 1 million CNY in electricity costs annually[170]. - The company has implemented a water reuse system to enhance water resource utilization and is committed to reducing environmental impact through advanced technologies[171]. - The company reported no major environmental accidents or significant penalties from government departments during the reporting period[172][173]. - The company is classified as a key pollutant discharge unit and has consistently met pollution discharge standards across various metrics[177]. - The company has maintained a commitment to sustainable development and environmental protection as part of its corporate strategy[170]. - The company and its subsidiary, Chongqing Laibao, have achieved compliance with environmental standards, with all monitored pollutants meeting the required limits[180]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the annual report review[9]. - The company is committed to maintaining high standards of governance and accountability in its financial disclosures[9]. - The company appointed Tianjian Accounting Firm as the new auditor for the 2019 fiscal year, with an audit fee of 800,000 RMB[139]. - There were no significant accounting errors that required retrospective restatement during the reporting period[137]. - The company did not experience any major litigation or arbitration matters during the reporting period[144]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[135]. - The company has not faced any situations that could lead to suspension or termination of listing after the annual report disclosure[143]. - The company has not undergone any bankruptcy reorganization during the reporting period[143]. Research and Development - Research and development expenses increased by 13.14% to ¥199,117,780.32, driven by investments in new products and technologies[69]. - The R&D personnel count decreased slightly by 1.20% to 246, while the proportion of R&D investment to operating revenue rose to 4.15%[72]. - The company is committed to developing new display products such as electronic paper TFT-Array driving substrates and flexible TFT-LCDs to cultivate new business growth points[117]. - The company will continue to invest in R&D for new ITO conductive glass products with low resistance and high uniformity, as well as flexible CF and TFT-Array products[107].