鹏鼎控股(002938) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was ¥26,614,629,372.49, an increase of 2.94% compared to ¥25,854,780,280.84 in 2018[14]. - The net profit attributable to shareholders for 2019 was ¥2,924,614,398.30, reflecting a growth of 5.54% from ¥2,771,221,516.47 in 2018[14]. - The net profit after deducting non-recurring gains and losses was ¥2,779,672,665.51, up 6.54% from ¥2,608,925,889.10 in the previous year[14]. - The net cash flow from operating activities decreased by 32.98% to ¥4,161,757,872.63 from ¥6,209,705,645.57 in 2018[14]. - The total assets at the end of 2019 were ¥28,856,187,908.65, representing a 5.49% increase from ¥27,353,470,148.53 at the end of 2018[14]. - The net assets attributable to shareholders increased by 10.85% to ¥19,829,254,992.49 from ¥17,887,640,726.09 in 2018[14]. - The company maintained a weighted average return on equity of 15.67%, down from 19.75% in 2018[14]. - The gross profit margin improved to 23.83%, an increase of 0.64 percentage points year-on-year, leading to a net profit of RMB 2.925 billion, a year-on-year growth of 5.54%[34]. Dividend Policy - The company plans to distribute a cash dividend of 5 RMB per 10 shares to all shareholders, based on a total of 2,311,430,816 shares[2]. - The cash dividend for 2019 is proposed to be the same as 2018, with a total of RMB 1,155,715,408, based on a total share capital of 2,311,430,816 shares[98]. - The cash dividends distributed in 2019 accounted for 39.52% of the net profit attributable to ordinary shareholders, which was RMB 2,924,614,398.30[101]. - The company has maintained a consistent cash dividend policy over the past three years, with the same amount distributed in both 2018 and 2019[99]. Risk Management - The company has confirmed that there are no significant risk factors affecting its production, operational, financial status, or ongoing profitability[2]. - The company has outlined potential risk factors and corresponding strategies in its annual report, specifically in the section discussing future development outlook[2]. - The company faces risks from the COVID-19 pandemic, which may impact global supply chains and consumer demand, and is taking measures to stabilize production and financial indicators[91]. - The company plans to strengthen partnerships with raw material suppliers to ensure stable supply and mitigate risks from raw material shortages and price increases[91]. Research and Development - The company has accumulated a total of 700 domestic and international patents as of December 31, 2019, indicating strong R&D capabilities[30]. - Research and development expenditure reached RMB 1.352 billion, accounting for 5.08% of total revenue, with 91 patents obtained during the year[35]. - The company aims to enhance its R&D strategy by focusing on lightweight, thin, short, small, high-frequency, low-cost, multi-functional, and intelligent products for various high-tech applications[86]. - The company is committed to developing advanced process technologies and high-performance materials, particularly in response to trends in 5G technology and automotive electronics[86]. Market Position and Growth - The global PCB industry is projected to grow moderately over the next five years, driven by AI, 5G, IoT, and other technologies[21]. - The company ranked as the world's largest PCB manufacturer for the third consecutive year in 2019, holding a 53.8% share of the global PCB market[21]. - The company expanded its market presence in the Greater China region, achieving a revenue of RMB 8.143 billion, a growth of 20.62% year-on-year[34]. - The company is actively developing 5G antenna products and has established partnerships with major clients like Huawei[34]. Corporate Governance - The company has established a comprehensive corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board[196]. - The company ensures equal treatment of all shareholders, adhering to legal and regulatory requirements for shareholder meetings[197]. - The board of directors consists of 7 members, including 1 chairman and 3 independent directors, ensuring a reasonable professional structure[199]. - The company emphasizes the importance of integrity and diligence among its directors in fulfilling their responsibilities[199]. Environmental Responsibility - The company emphasizes environmental protection and sustainable development as a cornerstone of its operations[132]. - The company has met all pollution discharge standards, with no instances of exceeding limits reported[137]. - The company has established advanced wastewater treatment and air pollution control facilities, ensuring stable operation and compliance with emission standards[144]. - The company conducts regular environmental monitoring and has a self-monitoring plan in place, with data reported to the ecological environment department[147]. Employee Development - The total number of employees in the company reached 35,050, with 11,167 in the parent company and 23,883 in major subsidiaries[192]. - Employee compensation totaled RMB 343,559.31 million, accounting for 14.89% of the company's total costs[193]. - The company conducted 65 specialized training programs, totaling 1,903 courses and 649,581 training participants, with a total training time of 1,941,130 hours in 2019[194]. - The company emphasizes a clear compensation management system linking employee salaries to capabilities and contributions[193].