长盈精密(300115) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥8,625,571,966.78, representing a 2.30% increase compared to ¥8,431,603,740.91 in 2017[26]. - The net profit attributable to shareholders for 2018 was ¥38,465,699.23, a significant decrease of 93.26% from ¥570,965,497.14 in 2017[26]. - The net profit after deducting non-recurring gains and losses was -¥60,891,428.84, down 111.76% from ¥517,804,705.03 in 2017[26]. - The net cash flow from operating activities increased by 135.28% to ¥771,954,039.87 from ¥328,099,807.57 in 2017[26]. - The total assets at the end of 2018 were ¥9,811,481,669.66, a decrease of 2.70% from ¥10,083,492,109.94 at the end of 2017[26]. - The company reported a quarterly operating revenue of ¥2,607,076,341.29 in Q4 2018, with a net profit attributable to shareholders of -¥138,585,237.93[27]. - In 2018, the company's total revenue reached CNY 8.63 billion, a slight increase of 2.30% compared to 2017[60]. - The company achieved a net profit attributable to shareholders of RMB 38.47 million for the year 2018, with the parent company net profit at RMB 109.59 million[112]. Research and Development - The company is focusing on technology innovation and increasing R&D investment to support the growing number of international client projects, which may impact short-term performance but is expected to positively influence sustainable development in the long term[8]. - The company emphasizes the importance of continuous R&D investment to keep pace with rapid technological updates in the precision electronic components industry[8]. - Research and development expenses amounted to ¥765,521,066.58, a 21.68% increase compared to the previous year[74]. - R&D investment accounted for 8.88% of operating revenue, up from 7.46% in the previous year[80]. - The number of R&D personnel increased to 5,007, representing 20.73% of the total workforce[80]. - The company has multiple ongoing R&D projects, including a CNC automatic loading and unloading system that has already been mass-produced[76]. - The company is developing a robot cotton-picking machine, which is currently in prototype validation[80]. - The company’s investment in R&D has led to the successful application of innovative components in flagship smartphone models, enhancing its market position[52]. Market Strategy and Expansion - The company aims to increase the revenue proportion from international clients and enhance the development of non-mobile phone products to mitigate risks associated with a single market[7]. - The company is actively adjusting its customer and product structure to respond to the complexities of the international economic environment and the uncertainties brought by Sino-US trade tensions[7]. - The company has a comprehensive strategy to diversify its market presence and reduce reliance on specific sectors, particularly in light of the evolving global trade landscape[7]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to strengthen its competitive position in the industry[7]. - The company has expanded its business into high-precision components for mobile communication terminals, new energy vehicles, and robotics[38]. - The company has implemented a large customer strategy, with international customer revenue accounting for over 30% in 2018, expected to increase further[44]. - The revenue from international customers accounted for over 30% of total revenue in 2018, reflecting a significant increase in international collaboration[51]. - The company plans to accelerate the development of new energy vehicle components, with a sales scale established in 2018 and expected rapid growth in 2019[100]. Employee and Shareholder Engagement - The company launched a third employee stock ownership plan, purchasing 19,960,090 shares, representing 2.19% of total shares, for a total amount of CNY 299.97 million[58]. - The company has committed to distributing at least 10% of the distributable profit as cash dividends annually, provided that the company remains profitable and has sufficient cash flow[117]. - The company has implemented a stock option incentive plan, which was completed in June 2018[123]. - The first stock option incentive plan was approved, with a total of 6.9 million options initially granted, later adjusted to 13.57 million options[146]. - The company completed the cancellation procedures for stock options granted to departed incentive objects[151]. Environmental Compliance - The company has established an industrial wastewater treatment station to comply with environmental regulations, with third-party operation and monthly testing to ensure compliance[195]. - The company has implemented air pollution control measures, including the use of neutralization spray towers and acid-base neutralization methods, with annual third-party monitoring confirming compliance with national standards[196]. - The company has strict management processes for hazardous waste, including designated storage areas and qualified third-party disposal services[195]. - The company has obtained multiple pollution discharge permits, with the latest valid until May 28, 2021, for its Meisheng Industrial Park operations[200]. - The company has maintained compliance with environmental discharge standards, with no instances of exceeding limits reported[192][193]. Financial Commitments and Governance - The company reported a commitment to fully bear any tax liabilities incurred before its IPO, with no violations of this commitment as of the reporting date[123]. - The company has adhered to all commitments made to minority shareholders, with no violations reported as of the reporting date[123]. - The company has undergone changes in accounting policies, merging certain financial statement items, which did not significantly impact its financial status or operating results[132]. - The company appointed Tianjian Accounting Firm as its auditor, with an audit fee of 1.9 million yuan, and has maintained this auditor for 11 consecutive years[138]. - The company has not faced any bankruptcy reorganization during the reporting period[139].