LEAGUER(SZ:002243)2019-03-07 16:00Financial Performance - The company reported a total revenue of 364,948,956 RMB for the year, with a cash dividend of 0.50 RMB per 10 shares distributed to all shareholders[8]. - The company's operating revenue for the year was ¥1,369,197,074.27, representing a year-over-year increase of 10.89%[27]. - The net profit attributable to shareholders was ¥82,101,507.86, reflecting an increase of 84.24% compared to the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,057,596.23, up 95.11% year-over-year[27]. - The total profit for the year was CNY 97.97 million, representing a year-on-year growth of 58.19%[51]. - The company reported a basic earnings per share of ¥0.2250, an increase of 84.28% compared to the previous year[27]. - The company reported a gross margin of 22.76%, an increase of 0.39 percentage points from the previous year[57]. - The net profit attributable to shareholders for 2018 was RMB 82.101 million, representing a profit margin of 22.23%[115]. - The company reported a total profit of RMB 97.9663 million for the 2018 fiscal year, with a net profit attributable to shareholders of RMB 82.1015 million[116]. Cash Flow and Assets - The net cash flow from operating activities was ¥77,419,468.51, showing a 15.11% increase from the previous year[27]. - The total assets at the end of the year amounted to ¥1,987,214,378.48, which is a 3.06% increase compared to the previous year[30]. - The net assets attributable to shareholders reached ¥1,552,768,157.62, marking a 3.12% increase year-over-year[30]. - The company's cash flow from operating activities was CNY 77.42 million, a year-on-year increase of 15.11%[52]. - Operating cash inflow for 2018 was approximately ¥1.47 billion, an increase of 16.88% compared to ¥1.26 billion in 2017[75]. - Net cash flow from investment activities decreased by 56.85%, resulting in a net outflow of approximately ¥65.53 million in 2018 compared to ¥151.86 million in 2017[75]. - Total cash and cash equivalents decreased by approximately ¥22.12 million in 2018, an improvement of 76.94% from a decrease of ¥95.93 million in 2017[75]. - Accounts receivable increased to approximately ¥484.74 million in 2018, representing 24.39% of total assets, up from 22.06% in 2017[79]. - Inventory increased to approximately ¥207.94 million, accounting for 10.46% of total assets, compared to 9.26% in 2017[79]. Business Operations and Strategy - The company has not experienced any changes in its main business operations since its listing[26]. - The company emphasizes that forward-looking statements regarding development strategies and operational plans are subject to market fluctuations and do not constitute a substantive commitment to investors[8]. - The company focused on expanding its product offerings, including new aluminum-plastic composite hoses and PET bottles, achieving significant growth[41]. - The company implemented a dual-driven strategy of culture and technology to enhance its competitive edge in the cosmetic plastic packaging industry[43]. - The company is positioned to benefit from the expanding plastic packaging industry, particularly in cosmetics, food, and pharmaceuticals[99]. - The company is focusing on expanding its market presence and product offerings in response to industry trends[96]. - The company plans to achieve an operating income of 1.39 billion yuan and a net profit attributable to shareholders of 82.5 million yuan for the fiscal year 2019[105]. - The focus will be on expanding the product line to include plastic packaging for food, pharmaceuticals, and health products, while consolidating its position in the high-end cosmetics market[100]. Research and Development - The company filed 63 patent applications during the reporting period, with 42 patents granted, including 9 invention patents[45]. - The company’s R&D expenses reached CNY 72.73 million, reflecting a year-on-year increase of 14.62%[52]. - The company's research and development investment amounted to 72,732,004.93 yuan in 2018, a 14.62% increase from 63,455,190.05 yuan in 2017, representing 5.31% of operating revenue[72]. - The company aims to enhance its R&D capabilities by developing eco-friendly materials and new packaging products, with an emphasis on patent applications and intellectual property protection[101]. Acquisitions and Investments - The company has a total of 100% equity acquisition plans for Shenzhen Qingyan Investment Holding Co., Ltd. and Lihe Kechuang Group Co., Ltd.[17]. - The company acquired Shenzhen 863 New Materials Technology Co., enhancing its innovation capabilities and technical resources[45]. - The company completed the transfer of 100% equity of Shenzhen 863 New Materials Technology Co., Ltd., impacting the current consolidated net profit by CNY 1,045,018.80[175]. - The company is in the process of acquiring 100% equity of Lihe Kexin Group Co., Ltd. through a share issuance, which constitutes a related party transaction[179]. - The acquisition is subject to approval from the board of directors, shareholders, and regulatory authorities, introducing uncertainty regarding the timeline for approvals[180]. Corporate Governance and Compliance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[6]. - The company has committed to timely providing relevant information related to the restructuring, ensuring its authenticity and accuracy[120]. - The company guarantees compliance with information disclosure obligations and will actively cooperate with the Shenzhen Stock Exchange[143]. - The company has committed to strict compliance with all regulations and has not encountered any violations of its commitments[134]. - The company has ensured that all public commitments made are strictly fulfilled without unauthorized changes or cancellations[143]. Shareholder Relations and Dividends - The company maintained a stable cash dividend policy, distributing a cash dividend of RMB 0.50 per 10 shares, totaling RMB 18.247 million for the 2017 fiscal year[111]. - For the 2018 fiscal year, the company plans to distribute the same cash dividend of RMB 0.50 per 10 shares, amounting to RMB 18.247 million, with undistributed profits carried forward to future years totaling RMB 37.078 million[112]. - The company's total distributable profit for 2018 is RMB 389.031 million, with cash dividends accounting for 100% of the total profit distribution[116]. - The cash dividend policy has not been adjusted or changed during the reporting period, ensuring compliance with regulations and shareholder interests[111]. Market Conditions - The cosmetics market in China is experiencing rapid growth, with increasing consumer spending and a shift towards online sales channels[96]. - The company anticipates challenges in the competitive landscape of the cosmetics packaging market, with increased competition from both international and domestic players[106]. - The company will closely monitor raw material price fluctuations, particularly for PE and PP, and implement strategies to mitigate risks associated with these price changes[106].