崇达技术(002815) - 2016 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2016 was CNY 2,246,611,858.85, representing a 27.87% increase compared to CNY 1,756,941,800.28 in 2015[21]. - The net profit attributable to shareholders for 2016 was CNY 375,753,398.13, up 24.88% from CNY 300,882,339.66 in 2015[21]. - The basic earnings per share for 2016 was CNY 1.01, an increase of 20.24% from CNY 0.84 in 2015[21]. - The weighted average return on equity for 2016 was 27.48%, down from 32.12% in 2015[21]. - The gross profit margin for the main business was 35.1%, while the net profit margin stood at 16.7%, both indicating strong performance within the industry[38]. - The company reported a total of CNY 2.396 million in non-recurring gains and losses for the year, primarily from government subsidies and asset disposals[26]. Assets and Investments - Total assets at the end of 2016 reached CNY 3,403,442,978.80, a significant increase of 71.98% from CNY 1,978,954,644.20 at the end of 2015[21]. - The net assets attributable to shareholders increased by 103.10% to CNY 2,107,115,271.35 from CNY 1,037,501,873.22 in 2015[21]. - The company invested CNY 721 million in construction projects in 2016, a 68.9% increase compared to the previous year[43]. - The total investment amount for the reporting period was 981,860,000.00 RMB, a 1,390.24% increase from the previous year[66]. - The company completed a capital increase of 747,860,000.00 RMB in its subsidiary, Jiangmen Chongda, for PCB production[66]. Cash Flow - The net cash flow from operating activities was CNY 453,593,261.81, showing a slight decrease of 0.23% compared to CNY 454,630,607.13 in 2015[21]. - The net cash flow from operating activities for the first quarter was CNY 120.5 million, indicating strong cash generation capabilities[25]. - Operating cash inflow totaled ¥2,238,015,590.13, reflecting an 18.84% increase from the previous year[59]. - The net increase in cash and cash equivalents decreased by 195.96% to -18,621,717.13 RMB[61]. Customer and Market Growth - The company served 1,107 direct customers in 2016, an increase from 938 in 2015, reflecting a growing customer base[34]. - Domestic sales revenue grew by 31.4% to CNY 480.40 million, while export revenue increased by 26.8% to CNY 1.71 billion[43]. - The company has established partnerships with several Fortune 500 companies, enhancing its market position and customer quality[35]. Research and Development - R&D investment amounted to ¥120,547,040.75, a 29.25% increase compared to ¥93,269,184.39 in 2015, representing 5.37% of operating revenue[58]. - The number of R&D personnel increased by 34.75% to 508, accounting for 13.19% of the total workforce[58]. - The company holds a total of 393 patents, including 55 invention patents, showcasing its commitment to innovation and technology development[34]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 4.50 per 10 shares, totaling CNY 184,500,000[5]. - The company’s cash dividend policy has been consistent, with a significant increase in cash dividends from RMB 54 million in 2015 to RMB 184.5 million in 2016[90]. - The company plans to distribute a cash dividend of RMB 4.5 per 10 shares, totaling RMB 184.5 million for the year 2016, which represents 49.10% of the net profit attributable to shareholders[90]. Corporate Governance and Compliance - The company has maintained a strict governance structure in compliance with relevant laws and regulations, ensuring independent operation from its controlling shareholder[196]. - The company has established independent decision-making and supervisory bodies, including a shareholders' meeting, board of directors, and supervisory board[200]. - The company has not experienced any penalties or rectification situations during the reporting period[122]. Challenges and Market Outlook - The company faces significant challenges due to rising raw material prices, which account for about 60% of its main business costs[82]. - The global PCB market is expected to grow by approximately 2% in 2017, while the Chinese PCB market is projected to grow by 3%[81]. - The company aims to enhance its technology R&D and introduce high-tech products to mitigate the risks associated with rising material costs[82]. Employee and Management Structure - The total number of employees in the company is 3,790, with 1,994 in production, 1,137 in technology, and 125 in sales[190]. - The total remuneration for directors, supervisors, and senior management in 2016 amounted to 880.03 million CNY, with the highest being 153.41 million CNY for the chairman and general manager[188]. - The company has a stable management team with no significant changes in shareholding among senior executives[178]. Social Responsibility and Community Engagement - The company has made a cumulative donation of RMB 194.74 million for social welfare projects by the end of 2016[151]. - The company actively fulfills social responsibilities, maintaining environmental protection standards that exceed national requirements[149]. - The company has not published a social responsibility report during the reporting period[152].