同兴达(002845) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was ¥6,195,959,819.12, representing a 51.29% increase compared to ¥4,095,390,344.80 in 2018[6]. - The net profit attributable to shareholders for 2019 was ¥110,553,727.30, a 12.71% increase from ¥98,086,403.19 in 2018[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,050,835.30, showing a significant decrease of 96.14% from ¥53,137,432.94 in 2018[6]. - The net cash flow from operating activities for 2019 was ¥393,895,669.41, down 5.43% from ¥416,490,440.88 in 2018[6]. - The total assets at the end of 2019 were ¥6,400,650,879.29, an increase of 41.09% compared to ¥4,536,510,953.38 at the end of 2018[6]. - The company's basic earnings per share for 2019 was ¥0.550, a 12.24% increase from ¥0.49 in 2018[6]. - The company reported a significant increase in government subsidies, amounting to ¥139,422,959.57 in 2019, compared to ¥55,479,299.95 in 2018[25]. - In 2019, the company achieved a revenue of CNY 619,595.98 million, a year-on-year increase of 51.29%[46]. - The net profit attributable to shareholders was CNY 11,055.37 million, reflecting a growth of 12.71% compared to the previous year[46]. - The company’s total assets reached CNY 640,065.09 million, up 41.09% year-on-year[46]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[18]. - The company primarily engages in the research, design, production, and sales of small to medium-sized LCD modules and camera modules, with over 90% of products applied in the mobile phone industry[29]. - The company has established stable long-term cooperation with major domestic mobile phone brands, including Huawei, OPPO, and Vivo, and aims to expand its market development efforts internationally[30]. - The company has established an advanced fully automated production line in Ganzhou to enhance processing capabilities and increase the proportion of high-end products[35]. - The company has completed the layout of its production bases, with two domestic bases in Ganzhou and Nanchang, and a production base in India, enhancing delivery capabilities[42]. - The company has established a new camera module factory in Nanchang to expand its production capacity[48]. - The company has established production bases in Ganzhou, Nanchang, and India, ensuring a comprehensive layout to maintain market competitiveness[92]. Research and Development - As of December 31, 2019, the company holds 153 utility model patents, 4 invention patents, and 24 software copyrights, showcasing its strong R&D capabilities[38]. - Research and development expenses increased by 115.95% to CNY 213.25 million, constituting 3.44% of total revenue[64]. - The number of R&D personnel increased by 74.61% to 887, representing 15.21% of the total workforce[64]. - The company has successfully developed several advanced technologies, including integrated touch display technology and AMOLED displays, which are now in mass production[63]. - The company aims to enhance its R&D capabilities and technical innovation through the investment in its R&D center, which will improve product competitiveness[81]. Market Position and Strategy - The company is positioned in a competitive industry that is experiencing a wave of technological innovation, particularly in optical and biometric recognition fields, driven by increasing demand for high-end products[32]. - The company is preparing for the transition to 5G technology, positioning itself to capitalize on the emerging trillion-dollar market[89]. - The company is facing market risks due to increasing competition in the LCD module manufacturing industry, which may impact future revenue and profitability[95]. - The company has a high concentration of suppliers for key raw materials, which poses a risk if any supplier fails to deliver on time or terminates the relationship[96]. Employee and Management - The total number of employees in the company is 5,832, with 454 in the parent company and 5,378 in major subsidiaries[196]. - The company emphasizes employee training, implementing annual training plans based on company needs and evaluating training effectiveness[198]. - The total compensation for the board and senior management is reported at 1,011 million, reflecting the company's investment in leadership[196]. - The company has established a comprehensive performance evaluation system and compensation scheme for its directors and senior management, linking remuneration to company performance[194]. Financial Management and Investments - The company reported a total investment of CNY 87,684,426.96 during the reporting period, a decrease of 71.30% compared to the previous year's investment of CNY 305,496,000.00[71]. - The company has committed investments totaling CNY 34,354.4 million, with a cumulative investment of CNY 34,507.17 million, achieving an investment progress of 100.37% as of February 28, 2019[81]. - The company has made commitments regarding the dilution of immediate returns from the public offering, which are currently being fulfilled[110]. Shareholder and Stock Information - The company plans to distribute a cash dividend of 0.6 CNY per 10 shares, totaling 12,125,422.08 CNY for 2019, which represents 10.97% of the net profit attributable to ordinary shareholders[102]. - The company repurchased 697,600 shares, accounting for 0.344% of the total share capital, with a total expenditure of 9,997,115 CNY[102]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends as a percentage of net profit ranging from 10.30% to 10.97%[106]. - The company’s stock repurchase plan was affected by market price conditions and operational funding priorities, leading to fewer opportunities for repurchase actions[166]. Compliance and Governance - The company has a structured governance framework, ensuring compliance and effective management practices[200]. - The company has made commitments to ensure that its actions do not infringe on company interests and to comply with regulatory requirements[115]. - The company has adopted new financial reporting standards effective January 1, 2019, which resulted in no adjustments to the comparative financial data[120]. - The company has established a clear timeline for the implementation of its stock incentive plans and related commitments[116].