*ST和科(002816) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was CNY 143,942,395.96, a decrease of 58.24% compared to CNY 344,653,912.77 in 2018[21] - The net profit attributable to shareholders was a loss of CNY 68,430,260.97, representing a decline of 1,163.68% from a profit of CNY 6,433,354.28 in the previous year[21] - The net cash flow from operating activities was CNY 22,868,691.03, an increase of 11.09% compared to CNY 20,586,527.27 in 2018[21] - Total assets at the end of 2019 were CNY 537,407,336.01, down 17.74% from CNY 653,305,879.76 at the end of 2018[21] - The company's net assets attributable to shareholders decreased by 13.31% to CNY 457,130,349.26 from CNY 527,327,410.84 in 2018[21] - Basic and diluted earnings per share were both CNY -0.68, a decrease of 1,233.33% from CNY 0.06 in 2018[21] - The weighted average return on net assets was -13.89%, a decline of 15.11% from 1.22% in the previous year[21] - The company reported a significant increase in non-recurring losses, with a net profit excluding non-recurring items at CNY -73,707,539.31, down 3,885.04% from CNY 1,947,338.09 in 2018[21] Revenue Breakdown - The main business revenue was CNY 123,556,737.23, down 61.47% from CNY 320,672,261.36 in the previous year[40] - The ultrasonic cleaning product revenue decreased by 58.46%, totaling CNY 97,689,241.85, while electroplating products saw a decline of 72.47% to CNY 13,924,820.08[40] - The overseas revenue accounted for 13.69% of total revenue, amounting to CNY 19,697,434.63, down 38.01% from the previous year[41] - The total sales volume for the main business was 356 units, reflecting a decrease of 27.05% compared to the previous year[44] Investment and R&D - Research and development expenses amounted to CNY 15.79 million, representing a 5.12% increase year-on-year, and accounted for 10.97% of operating revenue[52] - The company plans to invest 100 million RMB in research and development for innovative cleaning technologies over the next three years[106] - The company is focusing on high-end electronic glass applications, particularly in the growing electric vehicle sector, with plans to introduce advanced equipment in 2020[81] Cash Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares[8] - The company has a clear cash dividend policy outlined in its articles of association, ensuring reasonable returns to investors[85] - No cash dividends were distributed in 2019, despite the company having positive profits available for distribution[87] Corporate Governance and Compliance - The company has committed to maintaining its independence and has outlined specific measures to ensure operational and financial independence[91] - The company has established a complete independent management system for labor, personnel, and compensation[93] - The company guarantees that its assets are fully controlled and operated independently, without illegal occupation by other entities[93] - The company has a structured governance framework that ensures independent functioning of its board and management[95] Market Strategy and Future Outlook - The company aims to enhance its market competitiveness and corporate image through the R&D design center expansion project, which does not directly generate economic benefits[74] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[104] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[106] Stock and Shareholder Management - The company plans to stabilize its stock price through various measures, including stock repurchase and management shareholding increases[112] - The stock repurchase price will not exceed the company's audited net asset value per share from the previous year[115] - The company will ensure that its stock distribution remains compliant with listing conditions after implementing stock price stabilization measures[114] Employee and Management Structure - The total number of employees in the company is 437, with 106 in the parent company and 331 in major subsidiaries[199] - The company has a total of 1 retired employee who requires financial support[199] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 476.65万元[198] Mergers and Acquisitions - The company underwent mergers, including the absorption of subsidiaries, which were completed by the report date[46][47] - The company completed the merger of Suzhou and Keda Ultrasonic Equipment Co., Ltd. with Suzhou and Keda Surface Treatment Equipment Co., Ltd., resulting in the dissolution of the latter[138] Legal and Regulatory Compliance - There were no significant lawsuits or arbitration matters during the reporting period[140] - The company reported no penalties or rectification issues during the reporting period[141] - The company has not provided any guarantees to related parties during the reporting period[146]