Suntak(SZ:002815)2020-04-29 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[14] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[14] - The company's operating revenue for 2019 was ¥3,727,450,770.41, representing a year-over-year increase of 1.95%[21] - The net profit attributable to shareholders for 2019 was ¥526,048,757.38, a decrease of 6.16% compared to the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥497,366,341.58, down 7.17% from 2018[21] - The net cash flow from operating activities decreased by 16.03% to ¥787,453,828.98 in 2019[21] - The total assets at the end of 2019 were ¥5,377,956,227.73, an increase of 8.44% from the previous year[21] - The net assets attributable to shareholders increased by 33.02% to ¥3,866,155,443.24 at the end of 2019[21] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling approximately 26.52 million RMB[5] - The proposed cash dividend for 2019 is CNY 3 per 10 shares, maintaining a cash dividend ratio of around 50% over the past four years, totaling CNY 950 million in cash dividends from 2016 to 2019[49] - The total cash dividend for 2019 amounted to ¥265,208,021.40, representing 50.42% of the net profit attributable to ordinary shareholders[129] - The cash dividend per 10 shares is ¥3, with a total of 884,026,738 shares as the basis for distribution[130] - The total cash dividend accounted for 100% of the distributable profit of ¥348,632,242.27[130] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% market share by 2022[14] - Future guidance indicates a revenue growth target of 20% for 2020, driven by new product launches and market expansion[14] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[14] - The company acquired 20% equity in San De Guan and 40% equity in Pu Nuo Wei, expanding its product offerings in FPC and IC carrier boards[33] - The company acquired a 60% stake in Dalian Electronics for ¥38,047,965.86 on October 1, 2019, indicating strategic expansion efforts[58] Research and Development - The company has allocated 10% of its annual revenue towards R&D, amounting to 120 million RMB for 2019[14] - R&D expenses increased by 28.20% in 2019, supporting the mass production of high-density, high-speed multilayer boards for supercomputers and 5G base stations[42] - The company holds a total of 1,136 patent applications, including 722 invention patents, leading the industry in technological innovation[35] - The number of R&D personnel increased by 16.24% to 587, representing 13.15% of the total workforce[68] Production and Sales - The company produced and sold 2.9289 million square meters of PCBs in 2019, achieving a production and sales rate of 100.01%[44] - In 2019, domestic sales revenue increased by 16.61% to CNY 983.72 million, while export revenue decreased by 2.91% to CNY 2,584.23 million, resulting in a domestic sales proportion increase of 3.50 percentage points to 27.57%[38] - The sales area of medium and large orders (over 20 square meters) accounted for 69.96% of total sales in 2019[39] - HDI product sales grew significantly by 50.13% compared to the previous year, with stable mass production achieved for high-density, high-speed multilayer boards used in supercomputers and 5G base stations[39] Risks and Challenges - The company has identified risks related to raw material price fluctuations and trade disputes, with mitigation strategies in place[5] - The company has faced risks from trade disputes and the COVID-19 pandemic, which could impact its operations and international trade[118] - The company's export revenue accounts for approximately 70%, primarily settled in USD, making it vulnerable to exchange rate fluctuations[115] - The company has implemented measures to mitigate exchange rate risks, including using USD loans domestically and increasing imports paid in USD[115] Environmental Responsibility - The company has implemented pollution control measures, ensuring compliance with various environmental standards[188] - The company has reported no instances of exceeding emission limits for any pollutants during the reporting period[184] - The company is committed to environmental protection and adheres to strict pollution discharge standards[188] - Shenzhen Chongda has a wastewater treatment plant with a design capacity of 3,000 m³/d, equipped with an online monitoring system connected to municipal platforms[189] Corporate Governance and Compliance - The company has made commitments to avoid and minimize related party transactions, ensuring fair pricing in such transactions[138] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[140] - The company has undergone three adjustments to accounting policies due to revisions in accounting standards effective from January 1, 2019[142] - The company maintained a good integrity status with no significant debts or court judgments unmet[153]