Anjie(SZ:002635)2019-04-16 16:00Financial Performance - The company's operating revenue for 2018 was ¥3,554,259,001.14, representing a 30.93% increase compared to ¥2,714,600,818.92 in 2017[27]. - The net profit attributable to shareholders for 2018 was ¥547,493,479.18, a 39.85% increase from ¥391,480,069.92 in 2017[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥231,956,365.58, a decrease of 162.47% compared to ¥371,290,195.38 in 2017[27]. - The net cash flow from operating activities for 2018 was ¥520,871,461.64, up 74.91% from ¥297,785,560.27 in 2017[27]. - The basic earnings per share for 2018 were ¥0.73, an increase of 19.67% from ¥0.61 in 2017[27]. - The weighted average return on equity for 2018 was 7.95%, down from 9.72% in 2017[27]. - The company reported a significant increase in other business revenue, which rose by 23.49% to ¥90,316,899.96[68]. - The total cash dividend for 2018, including other methods, was RMB 113,479,279.28, representing 20.73% of the net profit attributable to ordinary shareholders[166]. Market Expansion and Strategy - The company has a comprehensive strategy for market expansion and new product development, focusing on precision components and new energy sectors[25]. - The company plans to enhance operational efficiency through information management and expand its market in precision functional components for consumer electronics and new energy vehicles[57]. - The company aims to expand its market share in the smartphone, notebook, and new energy vehicle sectors, with a focus on developing new products like wireless charging modules[153]. - The company is committed to becoming a globally influential manufacturer of internal and external functional components for consumer electronics[151]. - The company plans to strengthen automation production levels by introducing AOI detection and automated assembly equipment, ensuring production capacity increases without adding labor[154]. Research and Development - The company has ongoing research and development in new technologies, including flexible circuit boards and related applications[110]. - The company plans to increase R&D investment in response to emerging consumer electronics and new energy vehicles, aiming to enhance product specifications and performance[151]. - The number of R&D personnel increased by 23.64% to 884, with R&D investment amounting to ¥201,878,451.38, representing 5.68% of operating revenue[88][90]. - R&D expenses rose by 92.14% year-on-year, amounting to ¥201,878,451.38, reflecting increased investment in R&D[87]. Acquisitions and Investments - The company completed the acquisition of 100% equity in West Dongshan in July 2018, expanding its wireless charging business[46]. - The company successfully acquired 100% equity of Suzhou Weidongshan Electronic Technology Co., Ltd. for an estimated price of ¥51,500,000, with a profit commitment of no less than ¥16,500,000 over three years[61]. - The company invested ¥3,000,000,000 to acquire a 13% stake in Anjieli Industrial Co., Ltd.[58]. - The company used self-raised funds to invest a total of 830,169,500 CNY in acquiring 100% equity of Supernova Holdings (Singapore) Pte. Ltd., exceeding the actual net amount raised of 804,029,388.23 CNY[120]. Financial Position and Assets - The total assets at the end of 2018 were ¥8,795,722,620.57, a 0.89% increase from ¥8,718,401,010.01 at the end of 2017[29]. - The net assets attributable to shareholders at the end of 2018 were ¥6,949,954,083.77, reflecting a 2.64% increase from ¥6,771,425,712.73 at the end of 2017[29]. - The company's inventory increased by ¥150,532,115.98, primarily to meet future customer order demands[46]. - The company reported a significant decrease in goodwill by 450,899,269.54 RMB, now totaling 2,425,695,179.69 RMB, which is 27.58% of total assets[99]. Risks and Challenges - The company faces risks from intensified market competition in the consumer electronics sector, which may lead to declining sales and profit margins if products do not meet market demands[157]. - Rising labor costs pose a risk to profitability, prompting the company to enhance automation to reduce reliance on manual labor[158]. - The company is exposed to internationalization risks, including trade protectionism and currency fluctuations, and is taking measures to mitigate these impacts[158]. - The company is at risk of goodwill impairment due to acquisitions, which could directly reduce current profits if future performance does not meet expectations[158]. Shareholder Returns and Dividends - The profit distribution plan approved by the board is to distribute a cash dividend of 1.00 RMB (including tax) for every 10 shares, with no bonus shares issued[7]. - The company has established a shareholder return plan for 2017-2019, focusing on profit distribution methods and conditions[165]. - The cash dividend policy has been strictly executed in accordance with relevant regulations and company bylaws[165]. - The company reported a net profit available for distribution to ordinary shareholders of RMB 1,149,144,413.20 for the 2018 fiscal year[170]. Corporate Governance and Compliance - The company emphasizes compliance with legal regulations and effective measures to maintain operational independence[179]. - The company has committed to ensuring that minority shareholders have adequate opportunities to express their opinions and protect their legal rights[165]. - The company has established a long-term commitment to ensure no competition or unfair related transactions with its controlling entities[179]. - The company has not reported any issues or violations related to the use of raised funds[135].