BOSHI(SZ:002698)2019-04-18 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.40 CNY per 10 shares and issue 3 bonus shares per 10 shares, along with a capital reserve conversion of 2 shares per 10 shares[5]. - The cash dividend for 2018 is set at 0.80 yuan per 10 shares, totaling 95,438,000 yuan, which is 52.42% of the net profit attributable to shareholders[151]. - The proposed dividend for 2018 includes 1.40 yuan per 10 shares and a bonus of 3 shares for every 10 shares held[154]. - The total cash dividend for 2018 represents 31.82% of the distributable profit of 990,540,984.95 yuan[154]. - The company has a history of increasing cash dividends, with 0.70 yuan per 10 shares in 2016 and 0.80 yuan in 2017[150]. - The company is in a growth phase and has significant capital expenditure plans, which influences its dividend distribution strategy[154]. - The company has committed to maintaining a transparent and compliant dividend policy, ensuring the protection of minority shareholders' rights[150]. Financial Performance - The company's operating revenue for 2018 was CNY 915,574,863.37, representing a year-over-year increase of 16.18% compared to CNY 788,072,861.21 in 2017[34]. - The net profit attributable to shareholders for 2018 was CNY 182,075,842.44, which is a 40.55% increase from CNY 129,544,194.99 in 2017[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 157,896,604.74, up 41.51% from CNY 111,578,931.28 in 2017[34]. - The net cash flow from operating activities for 2018 was CNY 223,747,834.88, showing a significant increase of 101.58% from CNY 110,997,596.83 in 2017[34]. - The basic earnings per share for 2018 was CNY 0.2671, reflecting a 40.58% increase from CNY 0.19 in 2017[34]. - The total assets at the end of 2018 were CNY 3,443,482,471.16, a 29.98% increase from CNY 2,649,336,573.98 at the end of 2017[34]. - The net assets attributable to shareholders at the end of 2018 were CNY 2,065,055,033.71, which is a 7.11% increase from CNY 1,927,943,118.08 at the end of 2017[34]. - The company reported a weighted average return on equity of 9.15% for 2018, up from 6.95% in 2017[34]. Revenue Growth and Segmentation - The company achieved a total revenue of ¥24,179,237.70 in 2018, up from ¥17,965,263.71 in 2017, reflecting a growth of approximately 34%[42]. - The petrochemical and chemical sector contributed ¥684,845,265.37, accounting for 74.80% of total revenue, with a year-on-year growth of 16.19%[78]. - Revenue from the South China region surged by 226.99% to ¥30,609,551.16, significantly contributing to overall growth[78]. - The FFS packaging film and plastic additives segment saw a remarkable 73.32% increase in revenue, totaling ¥106,741,993.08[78]. - The company reported a significant increase in overseas revenue, which rose by 56.61% to ¥13,994,970.14[78]. Product Development and Innovation - The company is focusing on the "intelligent complete equipment" and "environmental process equipment" sectors, which are expected to significantly reduce risks and enhance competitive advantages in the long term[8]. - The company emphasizes the importance of continuous technological and product innovation to maintain its competitive advantage and ensure long-term profitability[9]. - The company is leveraging its successful experience in high-temperature robotic applications to develop new products for industrial silicon and ferrosilicon operations[9]. - The company has developed an intelligent packaging and transportation system for polysilicon products, which improves production efficiency and product quality while reducing manual labor[54]. - The intelligent logistics system project integrates IoT and digital technologies to automate and optimize logistics processes, enhancing resource utilization and productivity[55]. - The company is developing a silicon iron smelting robot to replace manual labor in high-risk operations, with plans to complete prototype testing by mid-2019[56]. - The strategic new product, the high-temperature front-end operation robot, is currently leading in the electric calcium carbide production field globally[50]. Risk Management - The company has identified significant risks related to product technology confidentiality, which could impact its competitive strategy and profitability[15]. - The company is actively managing production organization and product delivery to mitigate risks associated with revenue recognition and contract penalties[13]. - The company is committed to addressing major risk factors through proactive measures to effectively mitigate and control potential risks[15]. - The company has a robust project management experience that supports orderly production and delivery, although delays could pose short-term risks[13]. Contracts and Partnerships - The company signed a major sales contract with China Shenhua Coal to Oil Chemical Co., with an annual contract value of approximately ¥76 million, totaling over ¥500 million over 7 years, which has been performed normally since November 2015[86]. - Another contract with China Shenhua Coal to Oil Chemical Co. for integrated packaging and operation services has an annual value of approximately ¥94 million, totaling about ¥650 million over 7 years, and has been performed normally since October 2016[86]. - The company has signed multiple major contracts for the industrial waste acid and acidic gas treatment and recycling project, continuing to maintain its industry leadership[71]. Research and Development - The company's R&D investment amounted to ¥43,793,885.29 in 2018, an increase of 9.51% compared to ¥39,991,053.49 in 2017[102]. - The number of R&D personnel increased to 198 in 2018, up 17.86% from 168 in 2017[102]. - R&D expenditure accounted for 4.78% of operating revenue, a decrease of 0.29% compared to the previous year[105]. - The company has been granted 21 patents, including 6 invention patents and 15 utility model patents, enhancing its competitive advantage in the industry[66]. Environmental and Social Responsibility - The company has invested in various environmental protection initiatives, including complex wastewater treatment and resource recycling, aligning with national goals for sustainable development[141]. - The company plans to continue its investment in energy-saving and emission-reduction technologies, reflecting its commitment to environmental sustainability[141]. - The company has successfully completed the acquisition of 100% of Austrian P&P Company, enhancing its capabilities in waste acid treatment and recycling[135]. Future Outlook - In 2019, the company aims for a net profit attributable to shareholders to increase by 50% to 80% compared to 2018[142]. - The company anticipates geometric growth in revenue from "robotics and other intelligent equipment" and "environmental technology and equipment" in 2019[82]. - The company emphasizes that the profit growth target for 2019 is subject to various uncertainties, including macroeconomic conditions and industry changes[142].