EVE(SZ:300014)2020-04-19 16:00Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.70 RMB per 10 shares and a stock bonus of 0 shares, based on a total of 969,139,695 shares[6]. - The total amount of cash dividends distributed for 2019 was RMB 164,753,748.15, which represents 10.82% of the net profit attributable to shareholders[86]. - The company plans to distribute cash dividends at RMB 1.70 per 10 shares, totaling 164,753,748.15 RMB, and to increase capital by issuing 9 additional shares for every 10 shares held, resulting in a total of 872,225,725 new shares[85]. - The company reported a net profit attributable to shareholders of RMB 1,522,008,065.91 for the year 2019, after deducting a 10% statutory surplus reserve of RMB 66,261,313.37[85]. - The total undistributed profits at the end of 2019 amounted to RMB 2,960,497,821.49, with a capital reserve balance of RMB 3,376,301,100.92[85]. - In 2018, the company did not distribute any cash dividends, despite a net profit of RMB 570,707,025.25[86]. Financial Performance - The company's operating revenue for 2019 was CNY 6,411,641,552.23, representing a 47.35% increase compared to 2018[16]. - Net profit attributable to shareholders for 2019 reached CNY 1,522,008,065.91, a significant increase of 166.69% year-over-year[16]. - The net cash flow from operating activities for 2019 was CNY 1,138,632,495.87, up 162.06% from the previous year[16]. - The total assets at the end of 2019 amounted to CNY 16,294,548,765.32, reflecting a 62.43% increase compared to the end of 2018[16]. - The company reported a basic earnings per share of CNY 1.64 for 2019, which is a 144.78% increase from CNY 0.67 in 2018[16]. - The company achieved total operating revenue of CNY 641,164.16 million, a year-on-year increase of 47.35%[34]. - Net profit attributable to shareholders reached CNY 152,200.81 million, up 166.69% compared to the previous year, with a net profit excluding non-recurring gains and losses of CNY 149,125.81 million, reflecting a growth of 200.55%[34]. Market Strategy and Expansion - The company is focusing on developing high-value-added new products and expanding its business in overseas markets[4]. - The company plans to continue expanding its market presence and enhancing its product offerings in the lithium battery sector[24]. - The company is actively pursuing opportunities in the energy storage market, focusing on communication storage, household storage, and smart microgrids, leading to increased market share[38]. - The company has identified strategic opportunities in the rapidly developing battery industry, which is transforming production and lifestyle[23]. - The company is committed to achieving a leading position in the lithium battery industry through continuous innovation and market expansion strategies[78]. - The company is expanding its production capacity for power batteries to meet the needs of the passenger vehicle, commercial vehicle, and energy storage markets in 2020[34]. Research and Development - The company has applied for 1,374 national patents, with 809 granted, showcasing its strong focus on R&D and innovation[30]. - The company’s R&D investment amounted to ¥476,790,603.93, representing 7.44% of operating revenue[56]. - The company has invested 200 million RMB in R&D for new technologies, focusing on safety and efficiency improvements in battery production[157]. - The company is committed to technological innovation and product development, ensuring a steady growth in market share across various applications, including IoT and automotive electronics[36]. Supply Chain Management - The company has implemented a foreign exchange hedging management system to lock in exchange costs and reduce risks associated with currency fluctuations[4]. - The company is committed to strategic supply chain development to minimize risks from raw material price fluctuations[6]. - The company will strengthen supply chain management to mitigate raw material market fluctuations and reduce product costs[79]. - The company is considering overseas factory investments to establish a global supply chain[4]. Production and Capacity - The company has expanded its production capacity with new factories in Guangdong and Hubei, ensuring sufficient capacity and product quality[31]. - The company is expanding its capacity to meet the growing market demand for high-performance lithium-ion batteries[40]. - The company plans to enhance its supply chain efficiency, targeting a reduction in production costs by 5% over the next year[158]. Environmental and Social Responsibility - The company is committed to environmental protection, reducing VOC emissions by 2.052 tons per annum and decreasing material scrap rate by 43%[120]. - The company has been recognized for its contributions to social responsibility, including donations to educational initiatives and environmental projects[122]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[124]. Corporate Governance - The company has maintained compliance with all commitments made to minority shareholders, with no violations reported[89]. - The company has a transparent information disclosure system, ensuring timely and accurate communication with investors[176]. - The independent directors did not raise any objections to the company's matters during the reporting period[182]. - The company has implemented measures to protect the rights of all shareholders, ensuring equal treatment and participation in meetings[170]. Employee Management - The total remuneration paid to the board of directors, supervisors, and senior management during the reporting period was CNY 9.6865 million[161]. - The company employed a total of 9,104 staff, with 6,278 in production, 1,443 in technical roles, and 277 in sales[165]. - The company has 34 employees with a doctoral degree and 356 with a master's degree, indicating a strong educational background among staff[165]. - The company’s remuneration policy is based on responsibility, performance, and market competitiveness, ensuring it attracts and retains talent[166]. Related Party Transactions - The company’s related party transactions are subject to market pricing principles, ensuring compliance with regulatory standards[103]. - The company reported a total of ¥12,109.35 million in related party transactions during the reporting period[105]. - The company has not engaged in any joint external investment related party transactions during the reporting period[107]. Audit and Internal Control - The audit opinion issued by the accounting firm was a standard unqualified opinion, confirming the fair presentation of the financial statements[198]. - The internal control verification report confirmed that the company maintained effective internal controls as of December 31, 2019[195]. - The company reported zero significant defects in financial reporting controls for the year 2019[194].