ATC(SZ:002227)2019-04-26 16:00Financial Performance - Total revenue for 2018 was CNY 352,636,770.08, a decrease of 3.82% compared to the previous year[16]. - Net profit attributable to shareholders was CNY 10,402,011.72, down 28.91% from 2017[16]. - Net profit excluding non-recurring gains and losses was CNY 4,598,957.93, a decline of 65.13% year-on-year[16]. - Net cash flow from operating activities was CNY 7,133,973.04, representing a decrease of 74.01% compared to the previous year[16]. - Basic earnings per share were CNY 0.0472, down 28.81% from CNY 0.0673 in 2017[16]. - Total assets at the end of 2018 were CNY 1,126,204,515, an increase of 5.02% from the previous year[16]. - Net assets attributable to shareholders were CNY 812,354,533.62, a slight increase of 0.62% year-on-year[16]. - The company reported a significant decrease in maintenance equipment revenue, which fell by 56.27% to ¥2,652,541.07[52]. - The company reported a 100% decrease in foreign revenue, which was ¥0.00 in 2018 compared to ¥485,746.38 in 2017[50]. - The net profit attributable to the parent company for 2018 was 10,402,011.72 CNY, with a retained profit of 222,516,622.75 CNY at the end of the year[109]. Revenue Breakdown - Revenue from the industrial sector was ¥335,209,522.32, accounting for 95.06% of total revenue, down 3.87% from the previous year[52]. - Revenue from the integrated uninterruptible power supply for electric power was ¥235,882,076.80, representing 66.89% of total revenue, a decline of 2.89% year-over-year[50]. - Revenue from new energy electric vehicle charging was ¥75,145,032.78, which is 21.31% of total revenue, down 7.51% from 2017[50]. Cash Flow and Investments - The net cash flow from investment activities was -¥174,821,154.98, a decrease of 186.57%, driven by increased investments in the construction of the industrial park and new energy charging stations[68]. - The net increase in cash and cash equivalents was -¥89,445,028.39, reflecting a significant decline of 1,130.55% compared to the previous year[68]. - As of the end of 2018, cash and cash equivalents decreased to CNY 52,921,026.45, representing 4.70% of total assets, down from 13.28% in 2017, a decrease of 8.58% due to reduced cash inflows and increased investments in the construction of the Aotexun Industrial Park and new energy charging stations[73]. Market Position and Growth - The company has developed over 20 electric vehicle charging devices, which are widely used across the country, contributing to its market leadership in the charging infrastructure sector[30]. - The electric vehicle charging infrastructure market is projected to require 1.2 million centralized charging stations and 4.8 million dispersed charging piles by 2020 to meet the demand of 5 million electric vehicles[31]. - The company has participated in over 13,000 projects nationwide, maintaining a leading market share in the state grid and southern grid for transformer charging devices[27]. - The electric vehicle charging business saw a significant increase in cumulative charging volume, up 249.25% year-on-year, with the highest monthly charging volume per charging pile increasing by 43.41%[45]. - The company is positioned to benefit from the projected annual investment of over 300 billion in distribution network construction and renovation during the 13th Five-Year Plan period, which will expand the market for power automation equipment[86]. Research and Development - Research and development expenses accounted for approximately 10.00% of the main business income over the past three years, supporting continuous product development and improvement capabilities[37]. - The company has established five major engineering laboratories and a long-term R&D mechanism, focusing on next-generation intelligent power supply and electric vehicle charging technologies[37]. - The company has developed a new generation of high-frequency DC power supplies, enhancing reliability and reducing dependency on battery systems[64]. - The company plans to invest 100 million yuan in R&D for new technologies in the upcoming fiscal year[178]. Strategic Initiatives - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 220,597,400.00 as the base[4]. - The company has emphasized the importance of risk factors in its future development outlook[4]. - The company aims to establish a safe, convenient, and low-carbon urban public smart charging network through its innovative charging station technology[89]. - The company is actively participating in the development of the electric power automation sector, which is expected to expand significantly due to the national energy policies and infrastructure investments[86]. Corporate Governance - The company has maintained its accounting firm, Dahua Certified Public Accountants, for 8 consecutive years, with an audit fee of 400,000 CNY for the current period[118]. - The company emphasizes strict compliance with laws and regulations to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[138]. - The company has established strategic partnerships with suppliers and customers, maintaining good contract performance and protecting their rights[140]. - The company has a diverse board with members holding various professional backgrounds, including engineering, finance, and law, enhancing its strategic decision-making capabilities[169]. Employee and Management Structure - The total number of employees in the company is 614, with 480 in the parent company and 134 in major subsidiaries[181]. - The company has implemented a comprehensive training program to improve employee skills and management capabilities[184]. - The company emphasizes competitive compensation policies to retain key positions and enhance employee motivation[182]. - The management team has emphasized a focus on sustainability, aiming for a 50% reduction in carbon emissions by 2025[178].