FPT(SZ:300256)2020-05-19 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2019 was ¥6,343,779,354.54, representing a 66.12% increase compared to ¥3,818,837,377.29 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥174,250,984.93, a significant recovery from a loss of ¥1,698,958,184.50 in 2018, marking a 110.26% increase[25]. - The total profit reached 15,421.78 million yuan, compared to a loss of 174,764.89 million yuan in the same period last year, marking a turnaround to profitability[55]. - The net profit attributable to shareholders was 17,425.10 million yuan, compared to a loss of 169,895.82 million yuan in the previous year[55]. - The gross margin for the year was reported at 30%, a slight decrease from 32% in the previous year[19]. - The company achieved a basic earnings per share of ¥0.18 in 2019, compared to a loss of ¥1.76 per share in 2018, reflecting a 110.23% increase[25]. - The total assets at the end of 2019 were ¥10,100,291,511.49, a 23.97% increase from ¥8,147,385,847.65 at the end of 2018[25]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the upcoming year[19]. - The company's R&D investment was 23,990.67 million yuan, an increase of 6.66% from the previous year's 22,491.94 million yuan, accounting for 3.79% of total revenue[65]. - The company is actively developing several key technologies, including naked-eye 3D display technology and flexible touch panels, which are in various stages of research and trial production[91][94]. - The company aims to enhance its R&D capabilities by increasing investment and improving strategic planning to develop new products and technologies that align with industry trends[145]. - The number of R&D personnel increased to 1,713 in 2019, representing 19.33% of the total workforce[96]. Market Expansion - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2020[19]. - The company is focusing on expanding its market presence in automotive electronics, collaborating with international high-end automotive brands such as Mercedes-Benz, Mitsubishi, Hyundai, and Nissan[67]. - The company aims to enhance its "one-stop" strategy by increasing production capacity and expanding product structure into non-mobile product areas such as smart wearables and automotive electronics[41]. - The company plans to expand its market presence through new product development and technological advancements, enhancing its competitive edge[91][94]. Product Development - A new technology for flexible display panels is currently under development, expected to launch in Q3 2020[19]. - The company is focusing on expanding its product lines, including fingerprint recognition modules and automotive electronics, to meet the growing demand in the smart terminal market[36]. - The company has developed advanced technologies including 2.0D and 2.5D cover glass technology, NCVM technology, and is focusing on new products like 3D cover glass and anti-glare screens[44]. - The company is actively developing foldable touch screen technology to meet the needs of future smartphones and tablets, enhancing its competitive edge in the market[126]. Acquisitions and Partnerships - The company has acquired Xingxing Precision Technology (Dongguan) Co., Ltd. during the reporting period[42]. - The company completed the acquisition of 51% of Dongguan Precision in September 2019, which will be included in the consolidated financial statements[81]. - The company has established partnerships with renowned brands such as Huawei, Lenovo, Xiaomi, Sony, Apple, and Philips in the precision structural components sector[60]. Operational Efficiency - The company is focused on reducing production costs and improving yield rates through innovative manufacturing techniques[94]. - The company will continue to enhance operational efficiency and cost control while improving product quality through innovation and technology[133]. - The company is advancing automation projects to improve production efficiency and reduce labor costs, with a focus on automated detection systems and production processes[134]. Risk Management - The company faces management risks associated with its expansion, necessitating improvements in management capabilities and systems[141]. - The company is actively monitoring policy risks and aims to enhance its management capabilities to mitigate potential operational risks[148]. - The company has established a comprehensive management system to address potential risks associated with external investments[146]. Financial Policies - The company has no plans to distribute cash dividends or issue bonus shares for the year 2019[7]. - The company reported a total distributable profit of -1,367,987,927.86 yuan for the reporting period, with no cash dividends or stock bonuses distributed[157]. - The company has not engaged in any cash dividend distribution or share repurchase in 2018 and 2019, reflecting a focus on reinvestment[162]. Compliance and Governance - The company has committed to avoiding potential competition with its actual controllers and related parties, ensuring that they will not engage in similar business activities[166]. - The company has established a framework to ensure that all related party transactions are disclosed and approved according to relevant laws and regulations[168]. - The company has maintained strict adherence to its commitments during the reporting period, with no violations reported[175].