东山精密(002384) - 2018 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of 0.55 CNY per 10 shares, based on a total of 1,606,572,477 shares[5]. - The company's operating revenue for 2018 was CNY 19,825,420,035.39, representing a 28.82% increase compared to CNY 15,389,565,629.62 in 2017[19]. - The net profit attributable to shareholders for 2018 was CNY 811,062,388.75, a 54.14% increase from CNY 526,193,565.83 in the previous year[19]. - The net cash flow from operating activities reached CNY 1,405,584,247.10, a significant increase of 747.64% compared to CNY 165,823,518.20 in 2017[20]. - The basic earnings per share for 2018 was CNY 0.50, up 38.89% from CNY 0.36 in 2017[20]. - Total assets at the end of 2018 amounted to CNY 31,135,656,958.40, reflecting a 40.80% increase from CNY 22,113,480,252.92 at the end of 2017[20]. - The company achieved a total revenue of CNY 19.83 billion in 2018, representing a year-on-year growth of 28.82%[44]. - Net profit attributable to shareholders reached CNY 0.81 billion, marking a significant increase of 54.14% compared to the previous year[44]. Risk Management - The company acknowledges potential risks in future plans, urging investors to be aware of investment risks[5]. - The report includes a detailed description of major risk factors that may affect the company's future development[5]. - The company faces risks related to market fluctuations, competition, and potential goodwill impairment from acquisitions[96][97]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, with key personnel confirming the authenticity and completeness of the annual report[4]. - The board of directors has fully attended the meeting to review the annual report, ensuring corporate governance compliance[5]. - The company has committed to avoiding competition and related party transactions, ensuring compliance with legal procedures to protect shareholders' rights[106]. - The company has established a transparent and compliant process for adjusting or changing its cash dividend policy[102]. - The company has established a compensation system linked to the execution of return measures, ensuring accountability among directors and senior management[110]. Strategic Acquisitions and Market Expansion - The company is focused on expanding its market presence through strategic acquisitions and partnerships[11]. - The acquisition of Multek has filled a gap in the company's rigid printed circuit board (PCB) business, enhancing the product line and expanding the customer base[34]. - The acquisition of Multek expanded the company's product line in the rigid printed circuit board sector, enhancing its core product competitiveness[44]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 200 million allocated for potential deals[187]. Research and Development - The report outlines the company's commitment to research and development of new products and technologies[11]. - The company has established a comprehensive open R&D system and a global R&D team, focusing on technological innovation to drive development in the smart interconnect field[39]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[187]. Financial Management and Capital Structure - The company has raised a total of RMB 1,174.976 million through a non-public offering, with a net amount of RMB 1,153.776 million after deducting fees[78]. - The company has not engaged in any share buybacks during the reporting period, with all cash dividends being distributed directly[105]. - The company has committed to not engaging in any competitive business activities that would conflict with its operations[118]. - The company has maintained its ownership structure without any changes in the actual controllers over the reporting period[171]. Employee and Operational Management - The total number of employees in the company is 20,475, with 13,967 in production, 3,137 in technology, and 297 in sales[193]. - The company emphasizes performance-based compensation linked to business segment profits, enhancing motivation for value creation[195]. - The company has established a comprehensive training system to improve employee skills and overall quality[196]. - The governance structure is compliant with relevant laws and regulations, ensuring effective checks and balances[199]. Environmental and Social Responsibility - The company emphasizes its commitment to social responsibility, including cash dividends as a form of investor return and participation in public welfare activities[152]. - The company has established a dedicated team for environmental protection and has implemented emergency response plans for environmental incidents[153].