GEM(SZ:002340)2019-03-29 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares to all shareholders, based on a total of 4,150,926,073 shares[3]. - The cash dividend for 2018 represents 17.05% of the net profit attributable to ordinary shareholders, which is 730,314,864.92 CNY[139]. - The company has established a profit distribution policy ensuring that cash dividends will not be less than 15% of the distributable profits each year, and the cumulative cash dividends over three years will not be less than 45% of the average annual distributable profits[135]. - The total cash dividend for 2018 is 100% of the distributable profit, which is 227,233,016.00 CNY[140]. - The cash dividend distribution plan is designed to protect the interests of minority shareholders and ensure a stable return on investment[135]. Financial Performance - The company reported a total operating revenue for 2018 of ¥13,878,229,147.69, representing a 29.07% increase from ¥10,752,142,991.69 in 2017[14]. - Net profit attributable to shareholders was ¥730,314,864.92, up 19.66% from ¥610,339,253.39 in the previous year[14]. - The total profit for the year was CNY 90,686.14 million, up by CNY 11,140.20 million or 14.00% compared to the previous year[47]. - The net profit attributable to shareholders reached CNY 73,031.49 million, reflecting a growth of 19.66% year-on-year[47]. - The company achieved a basic earnings per share of ¥0.19, an 18.75% increase from ¥0.16 in 2017[15]. Research and Development - R&D investment reached 596 million yuan in 2018, a year-on-year increase of 63.13%[36]. - The company has established three research institutes and eight engineering testing centers focused on waste recycling and new materials[36]. - The number of R&D personnel rose by 14.56% to 968, representing 19.71% of the total workforce[80]. - Research and development expenses increased by CNY 124,261,775.70, or 41.88%, reflecting the company's intensified focus on battery materials and raw materials[78]. - The company is focusing on the research and development of new products in the energy materials sector, particularly in ternary power battery materials[101]. Environmental Compliance - The company reported a total COD discharge of 116.49 tons, with a permitted limit of 121.2 tons, indicating compliance with environmental standards[179]. - The company has implemented stringent standards for wastewater discharge, with COD limits set at 500 mg/L[182]. - The company achieved near "zero discharge" of wastewater in the production of ternary battery precursor materials through advanced technology, significantly reducing wastewater emissions[183]. - The company conducted 33 emergency drills for environmental incidents in 2018, enhancing employee response capabilities and reducing environmental risks[185]. - The company aims to maintain emissions of particulate matter below 120 mg/m³ across its facilities[182]. Business Expansion and Strategy - The company is actively expanding its new energy materials business, with core products occupying a leading position in the global market[21]. - The company signed a joint venture agreement to produce battery-grade nickel chemicals in Indonesia, with a capacity of 50,000 tons of nickel per year, enhancing resource and market integration[25]. - The company aims to create a full lifecycle value chain for new energy, focusing on battery recycling and material regeneration[25]. - The company plans to expand its cobalt, nickel, and tungsten product categories and enhance product quality to increase market share in the US, South Korea, and Japan[120]. - The company plans to upgrade its hard alloy business and establish a new base to enhance competitiveness[120]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company emphasizes that forward-looking statements do not constitute a substantive commitment to investors[3]. - The company has appointed a reputable accounting firm for auditing purposes[12]. - The company has established a dedicated investor relations team to handle inquiries[9]. - The company has committed to maintaining transparency and compliance in its dividend distribution process, ensuring that minority shareholders have the opportunity to express their opinions[136]. Market Position and Competitive Edge - The company holds over 1,660 core patents and has achieved significant technological advancements in waste recycling, including international recognition[21]. - The company's ultra-fine cobalt powder holds a market share of over 50% in the domestic market and 20% internationally, positioning it among the top in the industry[28]. - The company has formed stable supply relationships with international mining giants such as Glencore and China Molybdenum, ensuring strategic supply of cobalt and nickel raw materials[41]. - The company has established a comprehensive electronic waste recycling chain, enhancing operational efficiency and mitigating risks associated with reduced electronic waste processing volumes[29]. - The company has established a strong foundation in the resource recycling industry, with various subsidiaries contributing to its overall performance[166]. Risk Management - The company faces risks from macroeconomic changes and intensified industry competition, necessitating adjustments in technology, management, and marketing to maintain competitiveness[128][129]. - Financial risks are anticipated due to increased project investments and operational costs, prompting the company to explore diverse financing channels and cost control measures[131]. - The company plans to strengthen internal controls and financial management to address the challenges posed by its expanding operational scale[130]. - The company will implement a unified distribution system to promote a performance-based incentive structure across all subsidiaries[126]. - The company is committed to enhancing its core competitiveness in the new energy materials and nickel-cobalt resource sectors to mitigate industry competition risks[129].