Maxonic(SZ:300112)2019-04-22 16:00Financial Performance - The company's operating revenue for 2018 was CNY 593,548,505.89, representing a 7.54% increase compared to CNY 551,912,822.80 in 2017[19]. - The net profit attributable to shareholders for 2018 was CNY 56,229,239.16, a 26.74% increase from CNY 44,364,950.75 in 2017[19]. - The net profit after deducting non-recurring gains and losses was CNY 53,927,544.58, up 32.48% from CNY 40,706,616.89 in 2017[19]. - The total assets at the end of 2018 were CNY 1,215,868,981.59, a 1.66% increase from CNY 1,196,062,010.64 at the end of 2017[19]. - The net assets attributable to shareholders increased by 2.99% to CNY 960,499,887.89 from CNY 932,618,169.84 at the end of 2017[19]. - The company reported a basic earnings per share of CNY 0.20, up 17.65% from CNY 0.17 in 2017[19]. - The company achieved total operating revenue of 593.55 million yuan, representing a year-on-year growth of 7.54%[45]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 53.93 million yuan, an increase of 32.48% compared to the previous year[45]. - The gross profit margin for the reporting period was 54.21%, up by 1.09% from the same period last year[44]. - The company reported a total revenue of 1.2 billion RMB for the year 2018, reflecting a year-on-year growth of 16%[88]. - The company reported a significant increase in revenue, reaching 2.1 billion in 2018, representing a growth of 16% compared to the previous year[170]. Dividend Policy - The company plans to distribute a cash dividend of 1.20 CNY per 10 shares to all shareholders, based on a total of 286,214,080 shares[6]. - The cash dividend for 2018 represented 61.08% of the net profit attributable to ordinary shareholders, which was RMB 56,229,239.16[116]. - The total distributable profit for the period was RMB 59,959,213.88, with cash dividends accounting for 100% of the profit distribution[113]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of RMB 34,293,249.60 in 2017 and RMB 8,397,766.30 in 2016[114][116]. - The company’s cash dividend policy is transparent and allows minority shareholders to express their opinions and protect their legal rights[113]. Research and Development - R&D investment reached 58.17 million yuan, accounting for 9.80% of revenue, with a year-on-year increase of 19.64%[33]. - The company is committed to increasing R&D investment to improve technological innovation and ensure product advancement across its entire product line[102]. - The company is focusing on research and development of new technologies, with an investment of $50 million allocated for the upcoming year[169]. - The company completed several new product developments in 2018, including IoT-based smart flow meters and gas detectors, which have been launched in the market[66]. - The company is developing a digital, automated, unmanned factory in Chengdu, which aims to enhance production capacity and market resilience[103]. Market Expansion and Strategy - The company is actively expanding into emerging fields such as industrial intelligent instruments, sensors, high-end CNC systems, and industrial robot 3D vision systems[28]. - The company expanded its market presence by targeting industries such as petrochemicals, military, and renewable energy[35]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2020[88]. - The company is considering strategic acquisitions to bolster its product offerings and market presence, with potential targets identified[121]. - The company plans to enhance its market presence in Asia, with a projected 30% increase in market share by the end of the next fiscal year[169]. Corporate Governance - The company emphasizes the accuracy and completeness of its financial report, with key personnel affirming their responsibility for the report's integrity[5]. - The company maintains a strong focus on corporate governance and compliance, as evidenced by its structured reporting and oversight mechanisms[14]. - The independent directors fulfilled their responsibilities in the decision-making process regarding profit distribution[113]. - The company is committed to maintaining transparency and accountability through its independent board members and audit practices[189][190]. Operational Efficiency - The company implemented a self-operated management model to enhance financial management capabilities and operational efficiency[38]. - The company has successfully reduced operational costs by J%, improving overall profit margins[121]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs through strategic initiatives[169]. Risk Management - The company faces risks related to market competition, as the industrial automation sector has a low concentration of firms, leading to intense competition[104]. - The company has identified potential risks in expanding into new business areas, emphasizing careful project selection and feasibility assessments[105]. - The company is focused on managing risks associated with fundraising and investment project implementation to ensure alignment with its strategic goals[106]. - The company is taking measures to mitigate goodwill impairment risks by conducting thorough due diligence on investment projects[108]. Employee and Management Structure - The total number of employees in the company is 1,119, with 253 in the parent company and 866 in major subsidiaries[197]. - The professional composition includes 375 production personnel, 309 sales personnel, 194 technical personnel, 43 financial personnel, and 198 administrative personnel[197]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 3.65 million yuan[196]. - The company emphasizes a fair and competitive salary policy, linking individual performance to organizational goals[199]. Subsidiaries and Investments - The company operates several subsidiaries, including Maxonic Automation Control Co., Ltd. and others, enhancing its market presence in automation control[11]. - The company disposed of a subsidiary, Shenzhen Huashuo Automatic Control Technology Co., Ltd., for ¥3,360,000.00, resulting in a loss of control and a net asset loss of ¥170,210.26[61]. - The company has increased its investment in Scape to enhance its capabilities in the robotics technology sector and develop new profit growth points[51]. User Engagement and Growth - User data indicated an increase in active users by 25% compared to the previous year, reaching 4.5 million users[88]. - User data showed a steady increase, with active users growing by 25% year-over-year, reaching 1.5 million by the end of 2018[170].