SCIYON(002380)2020-04-20 16:00Financial Performance - The company's operating revenue for 2019 was CNY 750,142,788.39, representing a 23.20% increase compared to CNY 608,872,837.97 in 2018[17] - The net profit attributable to shareholders for 2019 was CNY 127,219,158.50, which is a 13.39% increase from CNY 112,192,603.55 in 2018[17] - The net cash flow from operating activities increased by 64.10% to CNY 123,351,138.27 in 2019, up from CNY 75,170,158.26 in 2018[17] - The basic earnings per share for 2019 was CNY 0.53, a 12.77% increase from CNY 0.47 in 2018[18] - Total assets at the end of 2019 reached CNY 2,752,995,453.20, marking a 12.47% increase from CNY 2,447,653,718.98 at the end of 2018[18] - The net assets attributable to shareholders increased by 6.78% to CNY 2,209,115,467.15 at the end of 2019, compared to CNY 2,068,784,447.25 at the end of 2018[18] Dividend Policy - The company plans to distribute a cash dividend of CNY 2 per 10 shares to all shareholders, based on a total of 239,991,649 shares[4] - The proposed cash dividend for 2019 is ¥2.0 per 10 shares, amounting to a total cash dividend of ¥47,998,329.80, which represents 100% of the profit distribution[99] - The cash dividend for 2018 was ¥2.0 per 10 shares, totaling ¥46,895,979.0, which accounted for 41.80% of the net profit attributable to shareholders[98] Research and Development - Research and development expenses totaled ¥80,403,500, accounting for 10.72% of total revenue for the year[32] - The company has accumulated 141 authorized patents and 175 software copyrights, reflecting its commitment to innovation and technology[31] - The company introduced 15 new patents during the reporting period, including 6 invention patents, enhancing its intellectual property portfolio[32] - The company is committed to enhancing its R&D capabilities, particularly in developing fault-tolerant control systems, unmanned vehicles, personnel positioning, and industrial internet applications[86] - The company's R&D investment increased by 17.67% from 68,331,027.84 CNY in 2018 to 80,403,521.00 CNY in 2019[58] - The number of R&D personnel rose by 11.72% from 256 in 2018 to 286 in 2019, with R&D personnel accounting for 23.83% of the total workforce[58] Market and Business Strategy - The company continues to focus on the development of new technologies and market expansion strategies[4] - The company is actively expanding its industrial internet platform, focusing on smart city and energy internet applications[29] - The company is focusing on the development of smart city solutions, targeting areas such as smart urban management and smart water services[38] - The company plans to continue expanding its energy internet investments, with over 10 additional projects under research and negotiation[39] - The company aims to leverage its 25 years of experience in industrial automation and information technology to promote the EmpoworX industrial internet platform, enhancing efficiency and profitability for industrial enterprises[85] - The future development strategy focuses on three key areas: Industrial Internet, Urban Internet, and Energy Internet, aiming to become a leading provider of comprehensive smart industry solutions[86] Risk Management - The company has identified risks related to macroeconomic factors, policy changes, market competition, and talent retention[4] - The company acknowledges macroeconomic and policy risks that could impact product sales and revenue growth, and it aims to create new profit growth points[87] - The company has established a high-quality R&D team but faces risks related to talent retention due to intense industry competition[88] - The company recognizes the competitive landscape and is prepared to adapt its strategies to maintain its market position[88] Corporate Governance - The company has maintained compliance with ISO9001 quality management system standards since 1999, ensuring continuous improvement in product quality[136] - The governance structure includes key documents such as the company's articles of association and rules for shareholder and board meetings, ensuring compliance with relevant laws[179] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and financial management[181] - The audit committee conducted a thorough review of the company's financial information, ensuring compliance and addressing key audit findings[190] - No risks were identified by the supervisory board during its oversight activities in the reporting period[191] Shareholder Information - The total number of shares is 239,991,649, with 40.27% being limited shares and 59.73% being unrestricted shares[145] - The company has not undergone any changes in its controlling shareholders during the reporting period[149] - The combined ownership of the top four shareholders, including Liu Guoyao and Hu Xiemei, accounts for 51.89% of the company's equity[147] - The actual controllers of the company are Liu Guoyao, Hu Xiemei, Hu Zizhang, and Liu Jianyao, all of whom are natural persons[150] Employee Management - The total number of employees in the company is 1,037, with 804 in the parent company and 233 in major subsidiaries[173] - The professional composition includes 582 technical personnel, 198 sales personnel, and 135 production personnel[173] - The company's compensation policy ensures that average employee income exceeds the regional industry average, with additional incentives for high-potential and special contribution employees[174] - The company has established a comprehensive training program for new and existing employees to enhance their skills and competencies[176] Financial Management - The company reported a significant increase in R&D expenses, which rose by 17.67% to ¥80,403,521.00, focusing on smart industrial solutions and industrial internet applications[56][57] - The total amount of entrusted financial management during the reporting period was 19,000,000 CNY, with an unexpired balance of 9,000,000 CNY[132] - The company provided interest-free loans to employees for housing, effectively alleviating their housing pressure[135] - The total remuneration for the board of directors and senior management during the reporting period amounted to 839.85 million yuan[171] Compliance and Legal Matters - The company has not faced any major litigation or arbitration matters during the reporting period[116] - The company has not experienced any bankruptcy reorganization matters during the reporting period[117] - The company has not engaged in any major related party transactions during the reporting period[126] - The company has not reported any environmental violations or pollution incidents during the reporting period[137]