胜利精密(002426) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥17,279,428,637.03, representing a 9.63% increase compared to ¥15,913,108,526.21 in 2017[24] - The net profit attributable to shareholders was -¥802,557,755.21, a decrease of 588.47% from ¥462,257,801.50 in the previous year[24] - The basic earnings per share for 2018 was -¥0.2346, down 588.75% from ¥0.1351 in 2017[24] - The weighted average return on net assets was -10.42% for 2018, down from 5.39% in 2017[24] - The company reported a significant increase in non-recurring losses, with a net profit excluding non-recurring items of -¥880,875,651.01, compared to -¥28,995,408.69 in 2017[24] - The net profit attributable to shareholders in the third quarter was -¥16,591,520.96, and in the fourth quarter, it further declined to -¥1,109,607,462.62[30] - The company reported non-recurring gains and losses totaling ¥491,229,875.72 for the year, a significant increase from ¥12,539,865.83 in the previous year[35] - The company’s net profit for 2018 was -802,557,755.21 yuan, marking the first loss since its establishment[135] - The company reduced its total external financing by nearly 1 billion yuan due to various market influences[134] Cash Flow and Assets - The net cash flow from operating activities was ¥293,891,470.39, a significant improvement from -¥183,678,304.63 in 2017[24] - The net cash flow from operating activities improved significantly in the fourth quarter, reaching ¥584,236,351.54, compared to -¥290,044,873.24 in the first quarter[30] - The total assets at the end of 2018 were ¥17,863,062,960.58, a decrease of 0.51% from ¥18,492,953,855.79 in 2017[27] - Total assets included cash and cash equivalents of ¥1,116,444,938.75, down 12.62% from ¥3,387,494,858.11 in 2017[92] - Accounts receivable rose to ¥3,729,806,972.86, representing 20.88% of total assets, up from 15.95% in 2017[92] - Inventory increased to ¥2,383,662,836.79, accounting for 13.34% of total assets, compared to 9.42% in 2017[92] - Net cash flow from financing activities decreased to -¥1,333,926,830.80, a decline of 197.20% from a positive cash flow of ¥1,372,401,250.78 in 2017[88] Revenue Breakdown - The main business revenue accounted for ¥17.03 billion, which is 98.58% of total revenue, showing an 8.98% increase from ¥15.63 billion in the previous year[68] - The mobile terminal segment generated revenue of ¥15.07 billion, making up 87.21% of the main business revenue, with a year-on-year growth of 4.88%[68] - The intelligent manufacturing segment saw significant growth, achieving revenue of ¥1.55 billion, a 96.95% increase from ¥787 million in 2017[68] - The new energy business, which includes lithium-ion battery wet-process separators, reported revenue of ¥412 million, a decrease of 13.08% from ¥474 million in the previous year[68] - Domestic sales revenue reached ¥13.98 billion, accounting for 80.93% of total revenue, with a year-on-year increase of 24.62%[68] - International sales revenue was ¥3.30 billion, representing a decline of 27.41% from ¥4.54 billion in 2017[68] Investments and Projects - The company has made significant investments in R&D and international expansion, focusing on high-tech barriers and smart manufacturing capabilities[50] - The company has established a joint venture with Germany's Transfact GmbH to enhance its software development capabilities[52] - The total investment amount for the reporting period was ¥226,073,580.07, a 9.94% increase from ¥205,636,112.45 in the previous year[97] - The company has committed to investing RMB 490,000 million across various projects, with a cumulative investment of RMB 473,579.8 million by the end of the reporting period[109] - The company reported a project funding surplus primarily due to incomplete project investments, with the Suzhou large-size touch screen industrialization project at 71.09% completion[1] Research and Development - Research and development expenses amounted to ¥370,085,571.59, a 42.6% increase compared to the previous year, reflecting increased investment in new projects[83] - R&D personnel increased to 2,191, a 29.19% rise from 1,696 in 2017[85] - The company has adjusted 94,388.49 million RMB of unused raised funds to the R&D and production project for 3D cover glass[1] Compliance and Legal Matters - The company has established strict compliance commitments regarding the transfer of shares and the conduct of its directors and senior management[171] - The company is actively pursuing legal remedies to recover outstanding compensation amounts and enforce agreements with partners[180] - The company faced a compensation claim of RMB 383.5074 million due to the failure of a partner to fulfill the 2017 profit compensation commitment, with ongoing legal proceedings to recover the amount[180] - The arbitration case involves a claim amount of 383,507,511.82 yuan, with the applicant requesting immediate payment from the respondent[200] Future Outlook and Strategy - The company aims to focus on intelligent manufacturing, particularly in OLED, semiconductor, and industrial robotics sectors with high profit and market growth potential[134] - The company remains optimistic about market development and aims to create new value for customers through comprehensive technology services[134] - The company plans to enhance internal controls and financial management to mitigate uncertainties and risks[134] - The company will strengthen communication with shareholders and partners to restore confidence in its future development[134]