LEEJUN(SZ:002651)2020-04-27 16:00Financial Performance - The company's operating revenue for 2019 was CNY 687,836,952.17, representing a 33.15% increase compared to CNY 516,603,882.89 in 2018[21] - The net profit attributable to shareholders for 2019 was CNY 178,276,343.50, a 49.73% increase from CNY 119,061,987.56 in 2018[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 153,179,515.31, up 53.30% from CNY 99,923,127.80 in 2018[21] - The net cash flow from operating activities was CNY 116,140,474.32, an increase of 21.75% compared to CNY 95,392,091.81 in 2018[21] - The basic earnings per share for 2019 was CNY 0.18, a 50.00% increase from CNY 0.12 in 2018[21] - The total operating revenue for the year was CNY 1,688,836,942.17, with a quarterly breakdown of CNY 171,457,656.71 in Q1, CNY 104,799,820.29 in Q2, CNY 137,113,504.79 in Q3, and CNY 274,465,970.38 in Q4[26] - Net profit attributable to shareholders for the year was CNY 178,276,343.50, with quarterly figures of CNY 51,016,582.44 in Q1, CNY 30,702,159.34 in Q2, CNY 24,828,265.01 in Q3, and CNY 71,729,336.71 in Q4[26] - The operating profit for 2019 was CNY 206 million, reflecting a growth of 46.52% year-over-year[59] - The company's cash and cash equivalents increased by CNY 146.25 million, a significant rise of 156.48% year-over-year[61] - The company reported an increase in operating costs by 29.63% to CNY 383.25 million, reflecting the growth in business activities[61] Assets and Liabilities - The total assets at the end of 2019 were CNY 2,663,609,543.60, reflecting a 6.09% increase from CNY 2,510,719,753.72 at the end of 2018[21] - The net assets attributable to shareholders at the end of 2019 were CNY 2,200,837,059.85, a 7.54% increase from CNY 2,046,513,041.92 at the end of 2018[21] - The asset-liability ratio as of December 31, 2019, was 17.37%, indicating a stable asset structure[66] Business Expansion and Strategy - The company has expanded its business scope to include engineering design and management services as of April 2019[19] - The company’s strategic focus includes expanding its market presence in both domestic and international markets, particularly in high-tech manufacturing sectors[35] - The company plans to continue expanding its market presence and product offerings through strategic investments and partnerships[87] - The company is committed to supporting green and low-carbon development, aligning with national policies aimed at reducing carbon emissions in key industries[32] Research and Development - Continuous investment in technology research and development was emphasized to enhance product quality and market competitiveness[59] - The company has a total of 131 valid national patents, including 55 invention patents, with several more pending[45] - The company plans to enhance its specialized production capacity and intelligence level in the aviation parts and tooling design and manufacturing business[125] - The company is committed to increasing R&D investment to promote technological upgrades and new product development[141] Risks and Challenges - The company has faced risks related to economic policy adjustments that could negatively impact its operating performance, particularly in the cement and mining sectors[142] - There are risks associated with fluctuations in raw material prices, which could adversely affect the company's financial results due to the long supply cycles of its main product, the high-pressure roller mill[143] - The company is at risk of not being able to keep up with advancements in grinding technology, which could affect its competitive edge and profitability if it fails to invest adequately in research and development[144] - The high-pressure roller mill has not been widely adopted in the mining metallurgy sector, posing a risk to the company's market expansion efforts if traditional grinding equipment continues to be preferred[145] Shareholder and Dividend Information - The company plans to distribute cash dividends of 0.60 yuan per 10 shares, totaling 61,050,000.00 yuan for the year 2019, which represents 34.24% of the net profit attributable to shareholders[150] - The net profit for the parent company in 2019 was confirmed to be 118,058,278.73 yuan, with a total distributable profit of 311,359,945.88 yuan after accounting for statutory reserves and previous dividends[155] - The remaining undistributed profit for 2019 is projected to be 250,309,945.88 yuan, which will be carried over to the next fiscal year[156] - The company’s cash dividend policy has been confirmed to comply with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[151] Corporate Governance and Compliance - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[161] - There were no significant accounting errors requiring retrospective restatement during the reporting period[163] - The company made changes to its accounting policies in accordance with new regulations issued by the Ministry of Finance, which will not significantly impact its financial status[162] - The company has maintained a continuous relationship with its auditing firm for 11 years, ensuring consistency in its financial reporting[167] Subsidiaries and Investments - The company has established two wholly-owned subsidiaries with a total investment of CNY 130 million to strengthen its aviation parts and tooling design and manufacturing capabilities[124] - The company has invested ¥32,100 million in acquiring 100% equity of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. using a combination of raised and self-owned funds[109] - The total assets of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. amount to CNY 349,250,548.27, with a net profit of CNY 32,273,926.90[119]