Yonggui(SZ:300351)2020-04-28 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[18]. - In 2019, the company's operating revenue was ¥1,080,292,796.82, a decrease of 17.55% compared to ¥1,310,268,163.44 in 2018[24]. - The net profit attributable to shareholders was -¥429,797,963.98 in 2019, showing an improvement of 6.30% from -¥458,711,626.43 in 2018[24]. - The company reported a basic earnings per share of -¥1.12 in 2019, an improvement of 5.88% from -¥1.19 in 2018[24]. - The company reported a total of ¥24,267,974.37 in non-recurring gains and losses for 2019, compared to ¥24,636,800.79 in 2018[31]. - The company achieved a total revenue of 1,080.29 million CNY in 2019, a decrease of 17.55% compared to the previous year[46]. - The net profit attributable to the parent company was -429.80 million CNY, an increase of 6.30% year-on-year, indicating a reduction in losses[46]. - The company's total assets decreased by 16.58% year-on-year, amounting to 2,410.43 million CNY at the end of the reporting period[46]. - The total cash inflow from operating activities in 2019 was ¥931,822,991.42, a decrease of 17.10% compared to ¥1,124,079,773.94 in 2018[75]. Research and Development - The company has invested RMB 50 million in R&D for new product development, focusing on electric vehicle components[18]. - The company invested 108.60 million CNY in R&D, accounting for 10.05% of its operating income, to enhance core technology and product competitiveness[40]. - The company’s R&D investment in 2019 was ¥108,597,198.63, representing 10.05% of operating revenue, a significant increase from 6.05% in 2018[73]. - The company has invested significantly in R&D for new products in electric vehicles, communications, and military sectors, maintaining a strong core technology team[105]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 20% in the next fiscal year[18]. - Future guidance estimates a revenue growth of 12% for the upcoming year, driven by new product launches and market expansion[18]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[18]. - The company aims to leverage opportunities in the rail transit, 5G, and military-civilian integration sectors to drive sustainable development in 2020[102]. - The company plans to enhance its management capabilities and optimize resource allocation to achieve its operational goals for the year[102]. Risks and Challenges - The company has identified key risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[7]. - The company faces risks of declining gross margins due to intensified competition and plans to maintain R&D investments to stay ahead in technology and service[104]. - Rising costs and expenses are anticipated as the company expands, with strategies in place to reduce production costs and manage expenses effectively[104]. - The company faced challenges in the electric vehicle sector, leading to a strategic shift in customer focus towards major domestic brands[48]. Corporate Governance and Compliance - The audit report for the financial year was issued with an unqualified opinion, ensuring the accuracy of the financial statements[7]. - The company has taken measures to minimize and regulate related party transactions, ensuring they are conducted at fair market prices[118]. - The company has committed to timely disclosure of relevant information during the transaction period[121]. - The company has confirmed that all commitments made by its shareholders and related parties have been fulfilled as of the reporting period[114]. Shareholder Information - The company raised a total of RMB 85 million by issuing 26,941,362 shares at RMB 31.55 per share, with a net amount of RMB 82.72 million after deducting issuance costs[86]. - The company has committed to not transferring or managing shares for 36 months post-IPO, ensuring stability in shareholding[122]. - The total number of shareholders at the end of the reporting period was 21,895, an increase from 20,454 at the end of the previous month[181]. - The shareholding structure indicates that the Fan family, consisting of Fan Yonggui, Fan Jijun, Fan Zhengjun, Wang Minhua, Lu Suzhen, and Lou Aiqin, are the actual controllers of the company[182]. Acquisitions and Investments - The company acquired 58% of Qingdao Yonggui Company for 8.80 million yuan in May 2019, expanding its consolidation scope[66]. - The company established Changchun Yonggui Company with a 60% stake and an investment of ¥600,000 in May 2019[137]. - The company also established Hebei Yonggui Company in August 2019, holding a 100% stake, although no actual investment was made by the end of 2019[137]. - The company disposed of Yonggui Precision Company through liquidation in June 2019, with a net asset loss of ¥3,337,077.26 and a net profit loss of ¥1,007,349.40 from the beginning of the year to the disposal date[139]. Financial Position - The total assets at the end of 2019 were ¥2,410,427,114.86, down 16.58% from ¥2,889,390,851.47 at the end of 2018[24]. - The net assets attributable to shareholders decreased by 19.14% to ¥1,880,069,720.78 at the end of 2019 from ¥2,325,036,599.91 at the end of 2018[24]. - The company’s total investment amount in 2019 was ¥104,186,234.19, reflecting a 12.00% increase from ¥93,025,918.72 in the previous year[81]. - The company reported a total financial asset of ¥238,399,705.45, with a significant portion classified under fair value measurement[134].