苏交科(300284) - 2018 Q4 - 年度财报

Financial Performance - The company reported a revenue of 809.5 million RMB for the year 2018, with a year-on-year growth of 15%[18]. - The net profit attributable to shareholders was 120 million RMB, representing an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2018 was CNY 7,030,133,265.50, representing a 7.84% increase from CNY 6,519,028,621.23 in 2017[34]. - The net profit attributable to shareholders for 2018 was CNY 623,281,465.56, a 34.37% increase compared to CNY 463,861,259.26 in 2017[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 522,053,302.86, up 21.63% from CNY 429,223,885.85 in 2017[34]. - The basic earnings per share for 2018 was CNY 0.7700, reflecting a 31.62% increase from CNY 0.5850 in 2017[34]. - The company reported a weighted average return on equity of 15.71% for 2018, up from 13.93% in 2017[34]. - The total operating revenue for the company in 2018 was ¥7,030,133,265.50, representing a year-on-year increase of 7.84% compared to ¥6,519,028,621.23 in 2017[93]. - The engineering consulting business accounted for 87.19% of total revenue, with a revenue of ¥6,129,676,613.01, reflecting a growth of 12.16% from the previous year[93]. - The environmental business revenue decreased by 16.11% to ¥1,267,130,756.33, down from ¥1,510,426,857.00 in 2017[93]. - The company achieved a significant increase in comprehensive testing revenue, which rose by 45.57% to ¥711,919,405.16[93]. Dividend Distribution - The company plans to distribute a cash dividend of 1.40 RMB per 10 shares, totaling approximately 113.4 million RMB[18]. - The proposed cash dividend is 1.40 CNY per 10 shares, amounting to 113,330,697.76 CNY, with a capital reserve increase of 2 shares for every 10 shares held[157]. - The total distributable profit for the year was reported at 1,060,173,218.10 CNY, with cash dividends accounting for 100% of the profit distribution[154]. - The cash dividend amount for 2018 was ¥113,330,697.76, representing 18.18% of the net profit attributable to ordinary shareholders[159]. - The cash dividend amount for 2017 was ¥92,514,855.36, which accounted for 19.94% of the net profit attributable to ordinary shareholders[159]. - The cash dividend amount for 2016 was ¥78,033,040.27, corresponding to 20.58% of the net profit attributable to ordinary shareholders[159]. - The company’s cash dividend policy emphasizes prioritizing cash dividends while considering stock dividends if the stock price does not match the capital scale[149]. - The cash dividend distribution plan for 2018 is pending approval from the shareholders' meeting[157]. Business Expansion and Acquisitions - The company has expanded its business into environmental services and comprehensive testing, enhancing its market presence[10]. - The company completed the acquisition of EPTISA, a Spanish design consulting firm, to strengthen its international operations[13]. - The company expanded its environmental business by acquiring Jiangsu Yiming, which operates 10 laboratories and increased its testing projects from 348 to 406[83]. - The company has established overseas subsidiaries in Angola, Malaysia, and Sri Lanka, and formed a strategic alliance with the Spanish company EPTISA[67]. - The company acquired a 3.2840% stake in Eptisa for €2,382,925.71 and converted €22 million in receivables into equity, increasing its total ownership to 98.3815%[78]. - The company has completed the acquisition of 70% equity in Sujiao Ke Huadong (Zhejiang) Engineering Design Co., Ltd. for 3,636 million, with a total investment of 3,465.56 million[126]. - The company has also acquired 70% equity in Sujiao Ke Group (Gansu) Transportation Planning Design Co., Ltd. for a total of 2,041.2 million, with a total investment of 186.02 million[126]. Research and Development - The company was awarded 141 patents during the reporting period, including 25 invention patents, marking a significant achievement in innovation[74]. - The company participated in 510 national and provincial-level research projects and compiled 113 national and industry standards[72]. - The company’s R&D expenses amounted to ¥233,110,321.78, accounting for 3.32% of total revenue, an increase from 3.10% in the previous year[107]. - The number of R&D personnel decreased to 1,524, representing 18.50% of the total workforce[107]. Market Position and Recognition - The company ranked 42nd in the "Top 150 Global Engineering Design Firms" by ENR in 2018[64]. - The company was recognized as the top private engineering design firm in China for the fourth consecutive year by the China Survey and Design Association[74]. - The company ranked 42nd in the "Top 150 Global Engineering Design Firms" by ENR, an increase of 33 places from the previous year, and 45th in the "Top 225 International Engineering Design Firms," an increase of 48 places[73]. Financial Health and Risks - The accounts receivable balance has grown significantly, raising concerns about potential bad debts[12]. - The company is actively exploring international markets, which exposes it to foreign exchange risks[18]. - The company’s total assets at the end of 2018 were CNY 12,253,979,388.78, a 12.18% increase from CNY 10,923,673,466.28 at the end of 2017[34]. - Cash and cash equivalents net increase amounted to 1,217,224,324.69 yuan, representing a 381.56% increase year-on-year[110]. - Accounts receivable increased to 5,783,350,421.12 yuan, representing 47.20% of total assets, an increase of 1.91% compared to 2017[111]. - Short-term loans increased to 2,483,473,182.20 yuan, accounting for 20.27% of total liabilities, reflecting a 6.82% increase due to increased funding needs from business growth[114]. Compliance and Governance - The company has committed to avoiding and reducing transactions with related parties to protect shareholder interests[174]. - The company has established a long-term commitment to avoid substantial competition with its subsidiaries[175]. - The independent directors ensured compliance with regulations and protected minority shareholders' rights during the dividend distribution process[153]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[188]. - The company has made changes to its accounting policies, specifically revising the financial statement format in accordance with the Ministry of Finance's notification, effective June 15, 2018, using a retrospective adjustment method[188].