长盈精密(300115) - 2019 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of CNY 8,655,207,884.12 in 2019, representing a year-on-year increase of 0.34%[28]. - The net profit attributable to shareholders was CNY 83,823,834.12, a significant increase of 117.92% compared to the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -226,959,880.33, reflecting a decrease of 272.73% year-on-year[28]. - The net cash flow from operating activities was CNY 823,203,491.41, an increase of 6.64% from the previous year[28]. - The total assets at the end of 2019 were CNY 9,646,682,809.75, a decrease of 1.68% compared to the end of 2018[28]. - The company's basic earnings per share were CNY 0.0930, up 119.86% from CNY 0.0423 in 2018[28]. - The company reported a total of CNY 310,783,714.45 in non-recurring gains in 2019, compared to CNY 99,357,128.07 in 2018[36]. - The company reported a net profit impact of over 10% from its major subsidiaries, with Kunshan Changying showing a net loss of approximately RMB 39.46 million[100]. - The net profit attributable to shareholders for 2019 was RMB 83,823,834.12, with a cash dividend payout ratio of 108.54%[122]. - The company’s net profit for 2019 was RMB 83,823,834.12, while the parent company’s net profit was RMB 44,116.94 million[121]. Dividend Distribution - The company reported a profit distribution plan to distribute cash dividends of RMB 1 per 10 shares based on a total share capital of 909.860262 million shares as of April 10, 2020[11]. - The company distributed cash dividends totaling RMB 89.69 million to shareholders based on a dividend policy approved at the 2018 annual general meeting[113]. - The company proposed a cash dividend of RMB 1.00 per 10 shares, totaling RMB 90,986,026.20, which represents 100% of the distributable profit[116]. - The company has maintained a commitment to distribute at least 10% of the distributable profit as cash dividends annually, provided that profits are positive and cash flow supports it[125]. - The cash dividend for 2018 was RMB 89,686,062.60, which accounted for 233.16% of the net profit for that year[122]. Research and Development - The company is investing in research and development to support long-term growth despite the short-term pressures from project development and production costs[10]. - The company filed 322 patents during the reporting period, including 186 invention patents, and submitted 420 new patent applications[47]. - The company invested approximately ¥839.44 million in R&D in 2019, representing 9.70% of its operating revenue, an increase from 8.88% in 2018[79]. - The number of R&D personnel increased to 5,849 in 2019, accounting for 27.07% of the total workforce, up from 20.73% in 2018[79]. - The company is currently developing a micro pitch signal and current independent transmission board-to-board connector, which is in the development stage[72]. - The company is developing a new SCARA robot with a maximum load of 6 Kg and a standard cycle time of 0.4 seconds[79]. - The company is working on a new integrated production line for power battery connectors, currently in the prototype testing phase[79]. - The company has developed advanced technologies such as 3D vision tracking and force feedback systems to enhance automation capabilities[54]. - The company has developed advanced CNC machine tools that significantly enhance processing precision and efficiency for the consumer electronics industry[108]. Market Strategy - The company aims to increase the revenue proportion from international clients and enhance the development of non-mobile product projects to mitigate risks associated with a single market[7]. - The company is focusing on expanding its international client base and diversifying its product structure to enhance sustainable development[10]. - The company has acknowledged the impact of the US-China trade friction on its international sales and is adjusting its customer structure accordingly[7]. - Revenue from international customers exceeded 40% of total revenue in 2019, indicating a significant growth trend in international business[46]. - The company plans to expand its new energy vehicle components business, targeting a market share increase as domestic new energy vehicle sales are expected to reach 25% by 2025[105]. - In 2019, the company achieved over RMB 400 million in revenue from new energy vehicle products, marking a growth of over 70% compared to 2018[105]. Automation and Production Efficiency - The company plans to accelerate automation upgrades in production lines and strengthen team building to control labor costs within a reasonable range[7]. - The company has invested in over 2,800 robots, enhancing its automation capabilities with a team of 820 personnel[43]. - The company achieved a production efficiency of 96% for its fully automated grinding line for new smart watch straps[79]. Environmental Compliance - The company has invested in an industrial wastewater treatment plant to ensure compliance with environmental standards, monitoring daily operations and monthly testing by third-party agencies[181]. - The company reported no exceedance of pollutant discharge limits across various monitored parameters, including COD at 1.3056 tons and BOD5 at 0.2893 tons[180]. - The company has implemented a self-monitoring plan for environmental protection, with all monitoring results for 2019 meeting compliance standards[191]. - The company has established a comprehensive environmental protection management system, ensuring that all construction projects comply with environmental impact assessments and regulations[184]. - The company actively responds to national environmental policies, increasing investment in environmental protection and ensuring compliance with green manufacturing standards[192]. Corporate Governance and Compliance - The company has maintained strict compliance with commitments regarding non-competition and related party transactions, with no violations reported during the reporting period[129]. - The company has not faced any penalties or rectification issues during the reporting period[143]. - The company has appointed Tianjian Accounting Firm as its auditor, with an audit fee of CNY 2.05 million for the year[138]. - The company has made changes to its accounting policies, including the adoption of new financial instrument standards and adjustments to financial statement formats[136]. - There were no related party transactions associated with daily operations during the reporting period[149].