WMM(SZ:002149)2019-03-28 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2018, representing a year-on-year increase of 15%[17] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[17] - The company's operating revenue for 2018 was CNY 1,720,159,583, representing a year-on-year increase of 10.33%[24] - The net profit attributable to shareholders was CNY 60,316,522, an increase of 11.54% compared to the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,722,839, showing a significant increase of 85.42%[24] - The net cash flow from operating activities was CNY 113,860,105, a substantial improvement of 147.99% from the previous year[24] - The basic earnings per share for 2018 was CNY 0.1418, up by 11.57% from CNY 0.1271 in 2017[24] - The company achieved an operating revenue of 1.72 billion yuan in 2018, representing a growth of 10.33% compared to the previous year[52] - The net profit for 2018 was 103 million yuan, an increase of 12.58% year-on-year, marking a historical high[53] Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling approximately 42.54 million RMB[8] - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 42,541,427.40 RMB for the year 2018, which represents 70.53% of the net profit attributable to ordinary shareholders[129] - The total cash dividend for 2017 was 38,287,284.66 RMB, accounting for 70.80% of the net profit attributable to ordinary shareholders[129] - The total distributable profit for the year 2018 was 56,655,001.07 RMB, with the cash dividend amounting to 100% of the total profit distribution[134] - The company has maintained a consistent cash dividend policy over the past three years, with no cash dividends distributed in 2016[129] Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 5% market share by 2020[17] - A strategic acquisition of a local competitor is under consideration to enhance production capabilities and market reach[17] - The company plans to expand its market presence in energy, marine engineering, nuclear chemical, and environmental protection sectors through new product development[40] - The company aims to become a globally leading rare metal materials processing base, focusing on enhancing its core competitiveness[48] - The company will expand its market presence in countries along the Belt and Road Initiative, seeking new profit growth opportunities amid trade tensions[122] Research and Development - The company is investing 50 million RMB in R&D for advanced materials technology in the upcoming fiscal year[17] - The company invested CNY 83.96 million in R&D throughout the year, achieving significant progress in new products and technologies, including high-temperature titanium alloy plates for aerospace and high-performance aluminum-steel composite materials[54] - The number of R&D personnel increased by 22.50% to 196, with R&D personnel accounting for 12.70% of the total workforce[79] - The company has undertaken over 300 national and provincial high-tech innovation projects, receiving a total of 750 million yuan in national science and technology funding[44] - The company holds 292 authorized patents and has established 8 technology platforms, including national and provincial engineering research centers[44] Product Development - New product development includes the launch of a titanium alloy series, expected to contribute an additional 100 million RMB in revenue[17] - The company is focusing on high-end development and low-cost manufacturing strategies to improve the proportion of mid-to-high-end products[40] - New product development will focus on low-cost titanium alloys, fuel cell bipolar plates, and high-performance molybdenum materials, among others[117] - The company has developed a complete titanium industry chain from sponge titanium to titanium daily consumer products, enhancing its supply chain system[40] Risk Management - The management highlighted potential risks including market volatility and supply chain disruptions that could impact future performance[17] - The company is addressing risks related to raw material price fluctuations by adjusting inventory levels and enhancing product competitiveness[121] Corporate Governance and Compliance - The company has committed to not engaging in any business that competes directly or indirectly with its main operations[135] - The company has not experienced any violations of commitments made by its actual controllers or shareholders during the reporting period[135] - The company did not face any situations that could lead to suspension or termination of listing after the annual report disclosure[146] - There were no major litigation or arbitration matters during the reporting period[149] - The company did not experience any penalties or rectification situations during the reporting period[150] Social Responsibility - The company provided financial support of CNY 30,000 to 10 students from impoverished households who achieved top 10 scores in the college entrance examination in Hanzhong City, alleviating their financial burden[185] - The total investment in targeted poverty alleviation efforts amounted to CNY 92,500, with CNY 9,250 specifically allocated for various poverty alleviation initiatives[186] - The company’s subsidiary, Xino, purchased agricultural products worth CNY 37,515 from Songhe Village, contributing to local poverty alleviation efforts[185] - The company’s subsidiary, Zhuangxin, purchased tea worth CNY 25,000 from Songhe Village, further supporting local farmers[185] - The company has committed to continuing its targeted poverty alleviation work in 2019[184] Environmental Responsibility - The company invested CNY 90,000 in 2018 to purchase 15 vacuum oil mist collectors, significantly reducing air pollution from oil mist emissions[190] - The company has not reported any significant environmental pollution incidents or violations during the year[190]