捷荣技术(002855) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥2,202,951,712.57, representing a 44.97% increase compared to ¥1,519,638,330.98 in 2017[18]. - The net profit attributable to shareholders for 2018 was ¥29,327,765.62, a decrease of 43.37% from ¥51,784,318.85 in 2017[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,809,519.61, down 38.28% from ¥46,677,049.23 in 2017[18]. - The net cash flow from operating activities for 2018 was ¥202,293,530.22, an increase of 245.95% compared to -¥138,602,205.81 in 2017[18]. - The total assets at the end of 2018 were ¥2,514,692,739.90, a 27.12% increase from ¥1,978,247,301.94 at the end of 2017[19]. - The net assets attributable to shareholders at the end of 2018 were ¥1,166,507,435.56, a decrease of 2.29% from ¥1,193,837,096.81 at the end of 2017[19]. - The basic earnings per share for 2018 was ¥0.12, down 47.83% from ¥0.23 in 2017[18]. - The diluted earnings per share for 2018 was also ¥0.12, reflecting the same percentage decrease as basic earnings per share[18]. - The company achieved operating revenue of CNY 220,295.17 million, an increase of 44.97% compared to the previous year[50]. - Operating profit decreased by 41.25% to CNY 3,214.62 million, while total profit fell by 49.66% to CNY 2,754.57 million[50]. - Net profit attributable to shareholders was CNY 2,932.78 million, down 43.37% year-on-year[50]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.25 per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend record date for the 2018 fiscal year[5]. - The total cash dividend amount for 2018 was RMB 6,286,947.50, which represents 100% of the total distributable profit[104]. - The cash dividend payout ratio was 21.44% in 2018, compared to 23.17% in 2017[103]. - The company has maintained a consistent cash dividend policy over the past three years, with specific amounts allocated for each year[101][102]. - The cash dividend amount is fully covered by the company's net profit, indicating a strong financial position[104]. - The company has a plan to distribute profits based on the total share capital as of the dividend record date, ensuring equitable distribution among shareholders[105]. Business Operations - The company’s main business includes the production and sales of precision molds, precision inspection tools, and precision fixtures, as well as smart manufacturing equipment and electronic medical products[17]. - The company has established a research and development center to engage in the research, design, and development of its products and services[17]. - The company focuses on precision molds and precision structural parts, primarily serving major global consumer electronics brands such as OPPO, Huawei, and Samsung[28]. - The company emphasizes a "service to major customers" strategy, enhancing comprehensive services to core clients to maintain or expand market share[33]. - The company has established long-term partnerships with major mobile terminal brands, ensuring a strong customer base[38]. Research and Development - The company holds 17 invention patents and 89 utility model patents, all derived from independent research and development[40]. - The company has been recognized as a national high-tech enterprise and has received multiple certifications for manufacturing capabilities[38]. - The company has developed a variety of patented technologies, including a method for producing a seamless thin-walled pipe and a CNC fixture for processing mobile phone metal shells[42]. - The company has a strong focus on R&D, with multiple patents aimed at improving the aesthetics and functionality of mobile phone components[42]. - The company achieved significant advancements in R&D, securing multiple utility model patents for innovative mold designs, enhancing production efficiency[44]. - The company reported a significant increase in R&D activities, focusing on advanced manufacturing techniques and automation, with several patents related to laser cutting and 3D engraving technologies filed in 2016[37][44]. - The company aims to expand its market presence by enhancing its product offerings in the smartphone and wearable technology sectors, leveraging its proprietary technologies[30][31]. Financial Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential risks and countermeasures in its report[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team, including the CEO and accounting head[4]. - The company is committed to risk prevention and control, focusing on effective cash management and reducing the risk of accounts receivable[91]. - The company has reported a significant increase in "Accounts Receivable" and "Notes Receivable," with the current amount at ¥704,079,015.67, compared to ¥481,809,528.67 in the previous period, reflecting a growth of approximately 46.3%[115]. - The total amount for "Other Receivables" increased to ¥867,026,733.62 from ¥596,121,880.32, marking a rise of about 45.4%[115]. Corporate Governance - The company has not changed its controlling shareholder since its listing[17]. - The actual controller holds 65.25% of the company's shares, which raises concerns about potential undue influence on company decisions[96]. - The company has established internal governance structures to mitigate risks associated with the actual controller's influence[96]. - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring complete operational autonomy[196]. - The company has a governance structure that complies with relevant laws and regulations, ensuring equal rights for all shareholders[191]. Market Outlook and Strategy - The company has set ambitious revenue growth targets for the next fiscal year, projecting a year-over-year increase of 20% driven by new product launches and market expansion efforts[28]. - The company plans to deepen its focus on the precision structural components industry and maintain strong relationships with major clients as part of its development strategy[90]. - The overall smartphone sales are expected to decline in 2019 due to global economic fluctuations and extended replacement cycles, impacting market demand[89]. - The company is actively pursuing strategic partnerships and potential acquisitions to bolster its technological capabilities and market reach, particularly in the NFC and smart device segments[33][34]. Employee and Labor Relations - The company employed a total of 5,188 staff, with 2,904 in production roles and 203 in technical positions[185]. - The company has implemented various training programs to enhance employee skills and capabilities[187]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.735 million[184]. - The company has a comprehensive performance evaluation system and salary structure to determine remuneration based on job responsibilities and company performance[182]. Compliance and Legal Matters - There were no major lawsuits or arbitration matters affecting the company during the reporting period, and the impact of a specific case was estimated at ¥1,200,000 on the 2018 profit[120]. - The company did not face any penalties or rectification requirements during the reporting period[121]. - The company did not engage in any related party transactions involving asset or equity acquisitions or sales during the reporting period[125]. - The company has maintained its accounting firm, Lixin Certified Public Accountants, for five consecutive years, with an audit fee of ¥800,000[118].