航宇微(300053) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥905,992,734.17, representing a 22.62% increase from ¥738,851,449.89 in 2017[25]. - The net profit attributable to shareholders for 2018 was ¥94,925,258.02, a decrease of 21.47% compared to ¥120,873,962.05 in 2017[25]. - The net profit after deducting non-recurring gains and losses was ¥59,292,990.09, down 38.41% from ¥96,277,091.89 in 2017[25]. - The net cash flow from operating activities increased by 38.01% to ¥220,368,875.59 in 2018 from ¥159,681,622.33 in 2017[25]. - Total assets at the end of 2018 reached ¥4,100,060,991.41, a 48.87% increase from ¥2,754,098,801.47 at the end of 2017[25]. - The net assets attributable to shareholders increased by 55.17% to ¥3,202,860,187.89 at the end of 2018 from ¥2,064,076,394.72 at the end of 2017[25]. - The basic earnings per share for 2018 was ¥0.139, a decrease of 28.35% from ¥0.194 in 2017[25]. - The company reported a total of ¥35,632,267.93 in non-recurring gains for 2018, compared to ¥24,596,870.16 in 2017[31]. Acquisitions and Goodwill - The company has completed acquisitions of Platin Information, Huiyu Intelligent, and Zhijian Electronics, which have resulted in a certain amount of goodwill on the balance sheet[7]. - The company acknowledges the risk of goodwill impairment if the acquired companies do not perform well in the future[7]. - The company aims to minimize the impact of goodwill on future performance by leveraging its resources to support the growth of acquired business segments[7]. - The company acquired 100% equity of Guangzhou Yuanchao Information Technology Co., Ltd. for ¥123 million, enhancing market share and profitability in the security business[72]. - The company acquired 100% of Guangzhou Huiyu Intelligent Surveying Technology Co., Ltd. for CNY 520 million and Shanghai Zhijian Electronic Engineering Co., Ltd. for CNY 100 million, with 30% paid in cash and 70% through share issuance[108]. - The company completed its performance commitments for the acquisitions of the three subsidiaries, with no impairment of goodwill reported[151]. Research and Development - The company is focusing on enhancing its research and development capabilities to improve product upgrades and breakthroughs in various application fields[3]. - The company has made significant investments in research and development for new technologies and products in the aerospace sector[33]. - The company is focused on developing new products and technologies to maintain its competitive edge in the rapidly evolving tech landscape[3]. - The company is actively developing artificial intelligence chips, with the OAI18-I chip nearing completion of architecture design and entering the simulation phase[67]. - The total R&D investment for 2018 amounted to ¥62,094,808.78, which is 6.85% of the operating revenue[96]. - The number of R&D personnel was 213, representing 31.42% of the total workforce[96]. - The company initiated 8 R&D projects in satellite constellation construction and 12 projects in video visualization and AI chip development[95]. Market Strategy and Expansion - The company is increasing its marketing efforts to enhance product visibility and address potential market expansion risks[5]. - The company is focusing on three main business segments: aerospace electronics, satellite big data, and artificial intelligence, aiming to enhance operational management and performance[33]. - The company plans to continue expanding its market presence and enhance its product offerings in 2019[79]. - The company aims to strengthen its marketing capabilities and expand sales channels for its three main business segments: aerospace electronics, satellite big data, and artificial intelligence[119]. - The company has established a strategic cooperation agreement with the China Aerospace Science and Technology Corporation, becoming a qualified supplier and expanding its product offerings in the aerospace sector[58]. Financial Management and Investments - The company reported an investment income of ¥25,493,443.96, accounting for 23.20% of total profit, primarily from bank principal-protected financial products and equity method accounting for investments[99]. - The company has not engaged in entrusted loans during the reporting period[194]. - The company entrusted CNY 96,000 million in cash asset management, with an outstanding balance of CNY 76,000 million[177]. - The company maintained a focus on low-risk, high-security financial products during the reporting period[180]. - The company has established a performance evaluation system to improve employee working conditions and promote talent development[197]. Corporate Governance and Compliance - The company emphasizes the importance of adhering to internal control norms and enhancing the execution of its strategic goals[122]. - The company has committed to fulfilling all promises related to share transfers and competition, ensuring compliance with regulatory requirements[140]. - The company has not engaged in any significant related party transactions during the reporting period[164]. - The company has maintained a continuous relationship with its accounting firm for 12 years, with the current audit fee set at 1.6 million RMB[155]. - The company has established commitments to avoid any competitive activities that may conflict with its business interests[144]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.20 per 10 shares, amounting to a total cash dividend of ¥14,043,164.24, which is 100% of the total profit distribution[131]. - The company has established a shareholder return plan for 2016-2018, ensuring that cash dividends will be no less than 10% of the distributable profit each year[128]. - The cash dividend payout ratio for 2018 was 14.79%, with total cash dividends amounting to ¥14,043,164.24[136]. - The company has maintained a consistent dividend distribution strategy while ensuring sufficient retained earnings for business expansion[135]. - The company commits to maintaining a cash dividend policy of at least 10% of the distributable profit each year during the 2016-2018 period, with a cumulative cash distribution of no less than 30% of the average annual distributable profit over these three years[148].