*ST和科(002816) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was CNY 344,653,912.77, a decrease of 0.86% compared to CNY 347,660,693.09 in 2017[20]. - The net profit attributable to shareholders for 2018 was CNY 6,433,354.28, representing a significant decline of 60.21% from CNY 16,168,233.68 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 1,947,338.09, down 85.89% from CNY 13,799,554.59 in 2017[20]. - Basic earnings per share decreased to CNY 0.06, down 62.50% from CNY 0.16 in 2017[20]. - The company achieved total revenue of CNY 344.65 million in 2018, a slight decrease of 0.86% compared to CNY 347.66 million in 2017[35]. - The main business revenue accounted for 93.04% of total revenue in 2018, amounting to CNY 320.67 million, down from CNY 325.82 million in 2017, reflecting a decrease of 1.58%[39]. - The company reported a gross profit margin of 29.42%, which decreased by 3.49% year-on-year[41]. - The company reported a total revenue of 76,127,315 million CNY for the year, with a net profit of 31,561,970 million CNY, reflecting a decrease of 5,783,328 million CNY compared to the previous year[76]. Cash Flow and Assets - The net cash flow from operating activities improved to CNY 20,586,527.27, a turnaround from a negative cash flow of CNY -55,366,066.40 in 2017, marking a 137.18% increase[20]. - The company's total assets at the end of 2018 were CNY 653,305,879.76, an 8.85% decrease from CNY 716,730,060.13 at the end of 2017[20]. - The net cash flow from operating activities increased by 137.18% year-on-year, primarily due to a reduction in cash payments for goods and services and taxes[55]. - The net increase in cash and cash equivalents was CNY 5,775,369.69, a 130.76% increase compared to the previous year[55]. - Accounts receivable represented 39.67% of total assets, slightly increasing from 36.69% in the previous year[59]. - Inventory decreased to CNY 141,661,709.00, representing 21.68% of total assets, down from 23.72%[60]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 10,000,000 based on a base of 100,000,000 shares[6]. - The cash dividend for 2017 was 0.26 CNY per 10 shares, amounting to 2,600,000 CNY, which accounted for 16.08% of the net profit attributable to shareholders[83][87]. - The total distributable profit as of December 31, 2018, was 56,294,235.14 CNY, with the cash dividend representing 100% of the profit distribution[87]. - The company has not proposed any stock dividends or capital reserve transfers in the recent three years[84][87]. Research and Development - The company focused on R&D for new technologies in 2018, particularly in the ultrasonic and LCD sectors, leading to increased order volumes and sales in those areas[35]. - Research and development expenses amounted to CNY 15,020,004.80, a decrease of 20.18% from 2017, representing 4.36% of total revenue[53]. - The company is focusing on enhancing its R&D efforts, with a budget increase of 30% allocated for new technology innovations[91]. Market and Sales Performance - In Q1 2018, the company reported revenue of CNY 56.28 million, which increased to CNY 119.45 million in Q4 2018, showing a significant growth in revenue over the quarters[24]. - The cleaning products segment generated CNY 235,178,057.18, accounting for 68.24% of total revenue, with a year-on-year growth of 7.42%[40]. - The plating products segment saw revenue of CNY 50,581,224.18, representing a 17.25% increase from the previous year[40]. - Revenue from water treatment products dropped significantly by 51.19% to CNY 29,325,298.75[40]. - The East China region contributed CNY 132,488,742.53 to revenue, a 27.53% increase from the previous year[41]. - The overseas revenue surged by 153.37% to CNY 31,775,772.94, indicating strong international demand[40]. Strategic Initiatives and Future Outlook - The company plans to enhance its product offerings in the solar energy sector, particularly in cleaning technologies for thin-film, flexible, and silicon wafer batteries, where it holds a leading position[78]. - The company anticipates a promising year in 2019, with expectations for improved operational results in the precision cleaning equipment market[78]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region over the next two years[94]. - A strategic acquisition of a competitor is in progress, which is expected to enhance the company's technological capabilities and increase overall market competitiveness[95]. Corporate Governance and Compliance - The company emphasizes its commitment to social responsibility and sustainable development[140]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[113]. - The company has established four specialized committees under the board of directors, including the audit committee and the strategy committee, to enhance governance[188]. - The company has implemented measures to avoid any potential conflicts of interest and ensure compliance with regulatory standards[93]. Shareholder Structure and Management - The total number of shares is 100,000,000, with 42,328,350 shares (42.33%) under limited conditions and 57,671,650 shares (57.67%) under unrestricted conditions[147]. - The largest shareholder, Qin Youtang, holds 12.43% of the shares, amounting to 12,427,200 shares[152]. - The company has a total of 10,968 common shareholders as of the end of the reporting period[151]. - The company’s board includes a chairman, a vice chairman, and a general manager, with no changes in their positions during the reporting period[156]. - The company has seen changes in its management team, with several appointments and dismissals in recent years[163]. Internal Controls and Audit - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2018[198]. - The audit committee and internal control evaluations did not identify any major deficiencies that could not be rectified[192]. - The company reported no significant internal control deficiencies during the reporting period[191].