深华发B(200020) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥637,046,707.03, a decrease of 25.76% compared to ¥858,040,132.74 in 2017[18]. - The net profit attributable to shareholders for 2018 was ¥3,295,022.72, representing a significant increase of 238.16% from ¥974,409.39 in 2017[18]. - The net profit after deducting non-recurring gains and losses was ¥1,535,043.65, down 26.19% from ¥2,079,588.86 in the previous year[18]. - The net cash flow from operating activities was negative at ¥21,894,459.66, a decline of 286.76% compared to a positive cash flow of ¥11,723,254.36 in 2017[18]. - Basic earnings per share increased to ¥0.0116, up 241.18% from ¥0.0034 in 2017[18]. - The total revenue for 2018 was CNY 637.05 million, a decrease of 25.76% compared to 2017, while net profit was CNY 3.30 million, showing significant growth[33]. - The company's total revenue for the display segment was approximately $292.75 million, a decrease of 38.75% compared to the same period last year[41]. - The injection molding segment generated revenue of about $220.92 million, down 12.46% year-over-year[41]. - The EPS product revenue was approximately $68.37 million, reflecting a 16.01% decline compared to the previous year[41]. - The property leasing segment saw revenue of around $34.37 million, with a slight decrease of 5.45% year-over-year[41]. - The total operating revenue for the period was CNY 637,046,707.03, a decrease from CNY 858,040,132.74 in the previous period[191]. - The total profit for the current period is CNY 4,591,957.26, compared to CNY 2,531,082.65 in the previous period, reflecting an increase of approximately 81.2%[194]. Assets and Liabilities - Total assets at the end of 2018 were ¥617,090,153.46, a decrease of 2.01% from ¥629,762,731.38 at the end of 2017[19]. - The total liabilities decreased to CNY 293,122,152.72 from CNY 309,089,753.36[186]. - The company’s total current assets decreased from RMB 348.11 million at the beginning of the year to RMB 320.25 million at the end of the year, a decline of approximately 8%[184]. - The company maintained a non-current asset total of CNY 324,417,036.78, a slight decrease from CNY 327,030,208.43[188]. - The company’s fixed assets increased from RMB 176.48 million at the beginning of the year to RMB 188.08 million at the end of the year, an increase of about 6.5%[184]. Cash Flow - The company’s cash flow from operating activities showed a net inflow of CNY 32.14 million in Q4 2018, recovering from a net outflow in Q2 and Q3[23]. - The cash dividend distribution for the years 2016, 2017, and 2018 was 0.00, indicating no profit distribution to shareholders[74]. - The net cash flow from operating activities decreased by 286.76% to -21,894,459.66 CNY compared to the previous year[53]. - The company's cash and cash equivalents decreased from RMB 68.81 million at the beginning of the year to RMB 34.11 million at the end of the year, representing a decline of approximately 50.5%[184]. - Cash and cash equivalents decreased to CNY 13,234,774.97 from CNY 25,181,764.87[188]. Shareholder Information - The controlling shareholder, Wuhan Zhongheng Group, holds 116,489,894 shares, accounting for 41.14% of the total share capital, which has been judicially frozen since September 27, 2016, until September 13, 2021[116]. - The company has a total of 283,161,227 shares, with 181,165,391 shares (63.98%) being ordinary shares and 101,995,836 shares (36.02%) being foreign shares listed domestically[121]. - The second largest shareholder, Seg (Hong Kong) Limited, holds 5.85% of the shares, amounting to 16,569,560 shares, which are also subject to pledge and freeze[123]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[122]. - The major shareholder's commitment to increase holdings includes a promise to purchase 2.83 million B-shares and at least 2.8 million A-shares within six months, which is still within the commitment period[116]. Governance and Compliance - The company has maintained strict compliance with corporate governance regulations, ensuring no significant discrepancies with the guidelines set by the China Securities Regulatory Commission[154]. - The company operates independently from its controlling shareholder, Wuhan Zhongheng Group, with a complete separation in business, personnel, assets, institutions, and finances[155]. - The independent directors attended board meetings and shareholder meetings, with all suggestions made by them being accepted by the company[162]. - The audit committee focused on the company's annual operational and financial conditions, ensuring timely submission of audit reports[162]. - The company has established a complete and independent financial accounting system in compliance with accounting standards[155]. Legal Matters - The company is involved in a significant lawsuit with a claim amount of 46,460,000 RMB, which is currently in execution status[85]. - The company won a ruling in a case against Shenzhen Jifang Investment Co., with a total claim amount of 2,790,230 RMB, which has been executed[86]. - The company has ongoing arbitration with Wuhan Zhongheng Group regarding a contract dispute, with a claim amount of 1,940,200 RMB[87]. - The company has filed for the annulment of the arbitration ruling, which was rejected by the Shenzhen Intermediate People's Court[176]. - The company is required to pay a total of RMB 234 million in penalties and fees as per the arbitration ruling from the South China International Economic and Trade Arbitration Commission[176]. Employee Information - The total number of employees in the company is 1,016, with 729 in production, 73 in sales, 83 in technology, 13 in finance, and 118 in administration[148]. - The total pre-tax remuneration for directors and senior management during the reporting period is 153.3 million RMB, with the chairman receiving 4.8 million RMB[146]. - The independent directors receive an annual allowance of 60,000 RMB each, which is included in the total remuneration[150]. - The company has not granted any stock incentives to directors and senior management during the reporting period[147]. - The company has a total of 983 employees in its main subsidiaries, indicating significant operational scale[148].