奥士康(002913) - 2019 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[18]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2019 was ¥2,275,989,133.58, representing a year-over-year increase of 1.84% from ¥2,234,865,332.32 in 2018[27]. - The net profit attributable to shareholders for 2019 was ¥267,511,958.49, an increase of 11.98% compared to ¥238,885,404.87 in 2018[27]. - The net cash flow from operating activities increased by 67.05% to ¥509,457,780.20 in 2019, compared to ¥304,973,922.43 in 2018[27]. - The total assets at the end of 2019 were ¥3,559,190,270.21, reflecting a 14.05% increase from ¥3,120,770,773.87 at the end of 2018[27]. - The basic earnings per share for 2019 were ¥1.84, a 10.84% increase from ¥1.66 in 2018[27]. - The company reported a significant increase in quarterly revenue, with Q4 2019 revenue reaching ¥638,110,175.93, up from ¥509,689,078.79 in Q1 2019[32]. - The company achieved total revenue of 2.276 billion yuan in 2019, representing a year-on-year growth of 1.84%[59]. - The net profit attributable to shareholders was 268 million yuan, an increase of 11.98% compared to the previous year[59]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling approximately 74 million RMB[6]. - The company distributed cash dividends of 5.0 yuan per 10 shares, totaling 73.934 million yuan for the 2019 fiscal year[59]. - The cash dividend per 10 shares is set at 5.0 CNY (including tax), with a total share base of 147,868,152 shares[142]. - The total cash dividend distributed amounted to 73,934,076 CNY, representing 100% of the total profit distribution[142]. - The company plans to maintain a minimum cash dividend ratio of 20% during profit distribution, considering significant capital expenditures[142]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2021[18]. - The company aims to expand its market presence in North America and Europe, establishing local support teams to enhance customer interaction and service[126]. - The company plans to upgrade its product offerings from double-sided and four-layer boards to six-layer and eight-layer boards, focusing on 5G, automotive electronics, and communication devices[129]. - The company will implement a dual strategy of "bringing in" external talent and "going out" to learn from industry leaders to strengthen its management and technical teams[130]. - The company aims to achieve high production efficiency and product quality through continuous improvement of production processes and advanced manufacturing techniques[131]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, aiming to enhance production efficiency by 30%[18]. - Research and development expenses totaled 89.4843 million yuan, reflecting a year-on-year increase of 2.48%[59]. - R&D investment increased by 2.48% to ¥89,484,289.17 in 2019, accounting for 3.93% of operating revenue[78]. - The company has increased its R&D investment, focusing on high-end HDI, automotive boards, and high-frequency communication products, gaining recognition from domestic and international clients[50]. - The company holds a total of 219 patents, including 52 invention patents, which support its competitive advantage in the market[77]. Operational Efficiency - The company operates a Make-To-Order (MTO) production model to meet customized market demands, enhancing efficiency and cost control[40]. - The company has implemented a "large format" production model, achieving significant breakthroughs in production efficiency and material utilization[51]. - The company aims to enhance its core competitiveness through technology innovation, including the development of low-loss materials for high-speed boards[131]. - The automotive board production level has received certification from international suppliers, with preliminary cooperation agreements established for future production increases[132]. Customer and Supplier Relations - The company has established strategic partnerships with three major electronics manufacturers to enhance its product offerings and market reach[18]. - The top five customers contributed ¥677,135,678.90, accounting for 29.75% of total sales, indicating a concentrated customer base[72]. - The top five suppliers accounted for ¥693,903,987.76, or 37.00% of total purchases, highlighting the company's reliance on key suppliers[75]. - The company has a diverse customer base, with long-term partnerships that enhance customer loyalty and market competitiveness[55]. Financial Management and Compliance - The company has committed to not transferring or managing its shares for a period of 36 months post-IPO, ensuring shareholder confidence[145]. - The company will initiate measures to stabilize stock prices if the closing price falls below 120% of the audited net asset per share for five consecutive trading days[165]. - The company will compensate investors for losses if the prospectus contains false records or misleading statements, with a 30-day window for compensation after regulatory recognition[170]. - The company has a long-term commitment to adhere to legal regulations and will publicly explain any failure to fulfill commitments at shareholder meetings[172]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[191].