JHCC(SZ:002484)2020-03-26 16:00Financial Performance - The company's operating revenue for 2019 was CNY 2,123,032,689.24, representing an increase of 8.28% compared to CNY 1,960,699,029.18 in 2018[27]. - The net profit attributable to shareholders for 2019 was CNY 240,595,241.74, a decrease of 1.20% from CNY 243,528,309.48 in 2018[27]. - The net cash flow from operating activities decreased by 47.36% to CNY 101,892,750.54 from CNY 193,577,417.51 in 2018[27]. - The total assets at the end of 2019 were CNY 4,500,961,413.32, an increase of 10.94% from CNY 4,056,943,699.00 at the end of 2018[30]. - The net assets attributable to shareholders increased by 5.54% to CNY 3,428,815,556.80 from CNY 3,248,959,271.19 in 2018[30]. - The basic earnings per share for 2019 was CNY 0.2952, a slight decrease of 1.20% from CNY 0.2988 in 2018[27]. - The weighted average return on net assets for 2019 was 7.23%, down from 7.67% in 2018[27]. - Total revenue for the year reached ¥2,224,032,688.44, with a year-on-year increase of 25.6%[33]. - Net profit attributable to shareholders was ¥240,595,241.74, representing a year-on-year growth of 36.5%[33]. - The company reported a net cash flow from operating activities of ¥102,512,750.54, up 29.8% compared to the previous year[33]. Investment and Expansion - The company plans to leverage opportunities from the new infrastructure initiatives introduced by the government to achieve its annual operational goals[6]. - The company is actively working on expanding its production capabilities in Japan through the acquisition of Hitachi AIC, which will help mitigate the impact of tariffs on exports to the U.S.[6]. - The company plans to expand its market presence and invest in new technologies to enhance product offerings and competitiveness[41]. - The company has permanently supplemented working capital with all remaining raised funds amounting to CNY 62.55 million as of December 31, 2015[92]. - The company raised CNY 1.2 billion through the issuance of 94,562,647 A shares at CNY 12.69 per share, with CNY 419.1 million and CNY 93.55 million allocated to the supercapacitor industrialization and high-capacity film capacitor expansion projects, respectively[92]. - The company has expanded its product range to include aluminum electrolytic capacitors, film capacitors, and supercapacitors, becoming one of the few companies globally with a complete product line and industrial chain[114]. - The company plans to maintain a faster growth rate over the next three to five years, aiming to become a significant player in the global industry[116]. Research and Development - The company filed 67 new patent applications and received 44 patent grants during the year, indicating strong R&D activity[52]. - The company is focusing on the development of supercapacitors, which are gaining traction in applications such as electric vehicles and renewable energy systems[41]. - The company's R&D expenditure reached ¥124,901,363.89, representing a 23.27% increase compared to the previous year, with R&D personnel increasing by 5.43% to 544[71]. - The company has reported a significant investment in new product development, with a focus on energy-saving technologies[173]. Cash Flow and Financial Management - The company's total cash and cash equivalents at year-end were 555,269,899.33 yuan, accounting for 12.34% of total assets, down from 13.68% at the beginning of the year[82]. - The net cash flow from investing activities decreased by 30.63% compared to the same period last year, primarily due to the recovery of idle funds and the expansion of production requiring fixed asset purchases[79]. - The net cash flow from financing activities increased by 185.41% year-on-year, mainly due to a loan of 100 million yuan from the Export-Import Bank and 50 million yuan in bank credit discounts from subsidiaries[79]. - The total cash inflow from investment activities increased by 65.76% to ¥1,876,432,342.68, while cash outflow rose by 50.31% to ¥2,026,365,446.00[78]. - The company has no overdue or unrecoverable amounts in its financial management or loan activities[162]. Shareholder Information - The total number of shares increased from 815,155,441 to 817,114,541, reflecting a change of 1,959,100 shares due to the exercise of stock options[184]. - The largest shareholder, Yiwai Investment Co., Ltd., holds 31.77% of the shares, totaling 259,584,000 shares[188]. - The second-largest shareholder, Zhu Xiang, holds 9.14% of the shares, totaling 74,673,746 shares, with a decrease of 100% in the reporting period[188]. - The company anticipates that the increase in shares due to stock option exercises will lead to a decrease in earnings per share and net assets per share[187]. - The total number of shareholders at the end of the reporting period was 26,667, with 40,604 ordinary shareholders reported previously[187]. Legal and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[128]. - There were no significant accounting errors that required restatement during the reporting period[130]. - The company has engaged Tianheng Accounting Firm for auditing services, with a fee of RMB 1,113,000, and has maintained this auditor for 12 consecutive years[132]. - The company has not faced any situations that could lead to suspension or termination of its listing status following the annual report disclosure[136]. - The company is currently involved in arbitration regarding a share transfer agreement valued at 180 million yuan, which is under review[178]. Social Responsibility - The company is committed to social responsibility, focusing on green development and resource conservation, with increased investment in environmental protection[174]. - The company has implemented a staff incentive fund and conducts annual health check-ups for employees, demonstrating its commitment to employee welfare[174]. - The company has engaged in community activities, including blood donation and charitable contributions, to foster social harmony[174].