kxjd(SZ:300092)2020-03-26 16:00Financial Performance - The company's operating revenue for 2019 was ¥594,322,537.21, representing a 24.98% increase compared to ¥475,538,627.22 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥43,734,776.69, a significant increase of 539.51% from ¥6,838,835.83 in 2018[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥32,760,180.64, up 568.60% from ¥4,899,787.43 in 2018[22]. - The net cash flow from operating activities reached ¥132,977,383.32, a 327.97% increase from ¥31,071,382.73 in 2018[22]. - The total assets at the end of 2019 were ¥993,677,728.48, reflecting a 21.06% increase from ¥820,842,312.59 at the end of 2018[22]. - The company's basic earnings per share for 2019 was ¥0.1888, a 540.00% increase from ¥0.0295 in 2018[22]. - The weighted average return on equity for 2019 was 7.69%, up from 1.25% in 2018, indicating improved profitability[22]. - The operating profit for 2019 was CNY 48.03 million, up 516.85% from CNY 7.79 million in the previous year[54]. - The company secured marketing orders exceeding CNY 850 million in 2019, representing an increase of over 20% compared to the previous year[56]. Profit Distribution - The company reported a profit distribution plan of 0.18 RMB per 10 shares for all shareholders, based on a total of 231,599,000 shares[11]. - In 2019, the company distributed a total cash dividend of RMB 4,168,782, representing 9.53% of the net profit attributable to shareholders[138]. - The proposed cash dividend for 2019 is RMB 0.18 per 10 shares, based on a total share capital of 231,599,000 shares[135]. - The cash dividend for 2018 was RMB 3,473,985, which accounted for 50.80% of the net profit attributable to shareholders[138]. - The cash dividend for 2017 was RMB 2,850,170.42, representing 47.62% of the net profit attributable to shareholders[138]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during significant capital expenditure phases[135]. - The total distributable profit for 2019 was RMB 96,633,570, based on the lower of the consolidated and mother company reports[134]. Market Strategy and Operations - The company aims to enhance its market reputation and increase marketing efforts, focusing on high-value orders from large quality clients[8]. - The company is focused on diversifying its market channels and exploring new growth opportunities in various downstream sectors[8]. - The company recognizes the risks associated with market competition and is taking measures to improve its operational management and strategic planning[10]. - The company emphasizes the importance of adapting management strategies to meet the demands of expanding business operations and market conditions[10]. - The company operates on an order-based production model, ensuring products are manufactured according to specific customer requirements[32]. - The company achieved a historical high in annual marketing order performance, ensuring a full production schedule[38]. - The company has a strong customer base consisting mainly of long-term, high-quality clients, which helps mitigate credit risk[9]. Research and Development - The company is committed to investing in new product and technology development to optimize its product structure and enhance competitiveness[8]. - The company launched 15 new R&D projects in 2019 and obtained 5 patents, bringing the total number of authorized patents to 38[60]. - The company has filed for 9 new patents during the reporting period, reflecting its commitment to innovation and technology advancement[45]. - Research and development expenses amounted to ¥18,684,672.53, a 29.04% increase compared to the previous year[80]. - R&D investment accounted for 3.14% of operating revenue in 2019, up from 3.04% in 2018[83]. - The company has 185 R&D personnel, making up 30.63% of the total workforce[83]. Risk Management - The company is experiencing a significant increase in accounts receivable due to growing marketing orders, which raises the risk of bad debt losses[9]. - The company plans to strengthen its internal production control and improve cash flow management to mitigate the risks associated with accounts receivable[9]. - The company faces risks from macroeconomic fluctuations that could impact demand in downstream industries such as oil, chemicals, and energy, which are closely tied to national economic conditions[121]. - Fluctuations in raw material prices, particularly steel, pose a risk to production costs, necessitating careful monitoring and management of procurement processes[123]. - Changes in industry regulations and policies could impact the company's operations, necessitating close monitoring of national policies and proactive measures to adapt[126]. Corporate Governance - The independent directors have expressed clear opinions on the profit distribution proposal, which requires approval at the annual general meeting[135]. - The company has committed to avoiding competition with its controlling shareholders and has established measures to resolve any potential conflicts[140]. - The controlling shareholders have also pledged to minimize related party transactions and ensure fairness in pricing[141]. - The company has adhered to its commitments regarding related party transactions and has not faced any violations[141]. - The financial report does not indicate any significant changes in accounting policies or errors that would require correction[143]. Environmental and Social Responsibility - The company has achieved ISO 4001:2015 environmental management certification and OHSAS 18001:2007 occupational health and safety certification[182]. - The company has not reported any environmental pollution or damage incidents in 2019, demonstrating its commitment to environmental responsibility[182]. - Since 2007, the company has participated in social welfare activities, donating hundreds of thousands of yuan to various causes[183]. - The company has not initiated any targeted poverty alleviation work in the reporting year and has no subsequent plans[184]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 17,038, down from 17,694 at the end of the previous month[199]. - The top three shareholders, Lin Zhenhua, Lin Zhenrong, and Lin Zhenfu, hold 18.45%, 17.94%, and 12.17% of shares respectively, indicating they are the actual controllers of the company[200]. - The total number of shares held by the top ten shareholders with more than 5% ownership is 112,461,402 shares, representing a significant portion of the company's equity[200]. - The company aims to stabilize its control structure through an agreement among the three main shareholders[200].