崇达技术(002815) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥3,656,090,736.88, representing a 17.84% increase compared to ¥3,102,644,639.42 in 2017[22] - The net profit attributable to shareholders for 2018 was ¥560,569,557.30, a 26.28% increase from ¥443,903,084.29 in 2017[22] - The net cash flow from operating activities reached ¥895,948,955.99, up 27.84% from ¥700,862,714.08 in the previous year[22] - The basic earnings per share for 2018 was ¥0.6792, reflecting a 25.48% increase from ¥0.5413 in 2017[22] - The total assets at the end of 2018 were ¥4,959,588,267.56, a slight increase of 0.33% from ¥4,943,075,389.96 at the end of 2017[22] - The net assets attributable to shareholders increased by 15.11% to ¥2,906,381,730.80 from ¥2,524,833,282.30 in 2017[22] - The weighted average return on net assets for 2018 was 20.99%, slightly up from 20.26% in 2017[22] Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of CNY -860,380,016.58, a decline of 169.35% from the previous year[71] - Investment cash inflow surged by 332.39% to CNY 1,867,973,876.72, primarily due to the redemption of financial products[73] - Total investment for the reporting period was CNY 480,000,000.00, a substantial increase of 380.00% compared to the previous year[77] - The company acquired a 20% stake in San De Guan for CNY 180,000,000.00, enhancing its investment portfolio[77] - The company has committed to invest RMB 153,770 million in various projects, with RMB 46,858.08 million utilized by the reporting period[84] Research and Development - The company holds a total of 1,058 patent applications, including 644 invention patents, indicating a strong focus on R&D[36] - In 2018, the company's R&D expenses increased by 29.12%, outpacing the growth of sales revenue and net profit[40] - R&D investment amounted to ¥169,851,559.09 in 2018, an increase of 29.12% compared to ¥131,548,417.23 in 2017[70] - The company has developed several core technologies, including high-voltage PCB modules and thick copper PCB design techniques, all of which are now in mass production[62][64] - The company is focusing on new product development in high-frequency and high-speed materials, aiming for mass production of high-end products to break through foreign technology monopolies[68] Market Position and Sales - The company ranked 32nd among the top 100 global PCB companies, improving by 7 positions from 2017[32] - The company’s products are exported to over 50 countries, with more than 70% of products sold overseas[31] - The company’s sales area for large batch orders (over 20 square meters) accounted for 70% of new order amounts in 2018[35] - The main business revenue from PCB was approximately 3.51 billion RMB, accounting for 96.18% of total revenue, with a growth of 17.46% year-on-year[48] Dividend Policy - The company plans to distribute a cash dividend of ¥3.40 per 10 shares (including tax) to all shareholders[6] - The total cash dividend amount for 2018 is yet to be finalized pending the approval of the distribution plan[112] - The company has a distributable profit of RMB 285,980,350.89 for the current period, with a minimum cash dividend ratio of 20% during profit distribution[112] - The cash dividend for 2017 was 49.88% of the net profit attributable to ordinary shareholders, while for 2016 it was 49.10%[110] Environmental and Social Responsibility - The company has reported total emissions of 14.70 kg for total nickel and 19.29 kg for total copper, adhering to local pollution discharge standards[175] - The company has implemented a plan to increase its poverty alleviation efforts by establishing partnerships with qualified schools[174] - The company plans to support 353 impoverished students in 2019 with a total funding of approximately 1 million RMB[173] - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[186] Corporate Governance and Compliance - The company guarantees that its IPO prospectus does not contain false records or misleading statements, and it will compensate investors for any losses incurred due to such issues[121] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[126] - The company has retained Ruihua Certified Public Accountants for 7 consecutive years, with an audit fee of 750,000 yuan for the current period[133] - The company has not faced any situations that could lead to suspension or termination of listing during the reporting period[134] Share Capital and Structure - As of the report period, the total number of shares increased to 831,240,858, with 9,754,000 new shares issued[198] - The company’s convertible bonds began conversion on June 21, 2018, with a total of 1,486,858 shares converted by the end of the reporting period[198] - The company completed the registration of 9.754 million restricted stock grants under the 2018 incentive plan[198] - The total number of unrestricted shares increased to 218,540,898, representing 26.29% of total shares[198]