Sunrise(SZ:300360)2020-04-24 16:00Financial Performance - The company's operating revenue for 2019 was ¥892,390,589.44, representing a year-over-year increase of 2.35%[25]. - Net profit attributable to shareholders for 2019 was ¥242,943,225.29, a significant increase of 78.87% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥201,416,420.91, reflecting a 96.42% increase year-over-year[25]. - Basic and diluted earnings per share for 2019 were both ¥0.60, an increase of 81.82% from the previous year[25]. - Total assets at the end of 2019 were ¥2,676,184,663.41, up 2.01% from the end of 2018[25]. - The company's net assets attributable to shareholders increased by 1.05% to ¥2,180,452,943.96 at the end of 2019[25]. - The company's cash flow from operating activities decreased by 11.56% to ¥203,372,307.59 in 2019[25]. - The company reported a significant decrease in net cash flow from investing activities, which was -¥60,069,647.93, a decline of 146.71% compared to the previous year[77]. - The company's total investment in 2019 was ¥180,839,836.86, a substantial increase of 148.18% from ¥72,865,913.34 in the previous year[84]. Dividend and Profit Distribution - The profit distribution plan approved by the board includes a cash dividend of 2 RMB per 10 shares (tax included) and a capital reserve conversion of 3 shares for every 10 shares[8]. - The proposed cash dividend is RMB 2 per 10 shares, totaling RMB 77,598,019.40, which represents 31.94% of the net profit attributable to shareholders[110]. - The cash dividend payout ratio is 100% of the total distributable profit for the year[106]. - The company has maintained a consistent dividend policy over the past three years, with increasing cash dividends each year[109]. - The cash dividend distribution plan complies with the company's articles of association and relevant regulations[105]. Market Position and Competition - The company operates in the energy IoT sector, providing products primarily to national and provincial grid companies, indicating a strong market position[7]. - The company faces intensified market competition due to centralized large-scale bidding for smart energy meters and information collection systems, impacting market share growth[7]. - The company maintained a leading market share in the smart metering and data collection system (AMI) sector, leveraging technological innovation to enhance product quality and customer satisfaction[51]. - The company is focusing on expanding its market presence in the electric vehicle charging equipment sector, driven by the growing demand for electric vehicles[51]. Research and Development - R&D expenses amounted to CNY 60,198,420.87, representing 6.75% of total operating revenue, indicating a steady growth in R&D investment[71]. - The company aims to enhance its R&D efforts, focusing on new technologies and products in public energy metering, AMI systems, and smart measurement technologies[98]. - The number of R&D personnel increased to 291 in 2019, accounting for 27.02% of the total workforce, up from 26.50% in 2018[72]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its management, ensuring accountability[5]. - The company has engaged Tianjian Accounting Firm for auditing, ensuring compliance and transparency in financial reporting[24]. - The company has established measures to avoid and minimize related party transactions, ensuring fair pricing in any unavoidable transactions[119]. - The company has committed to maintaining transparency and accountability in its operations and governance practices[130]. Strategic Plans and Future Outlook - The company plans to enhance its core competitiveness through continuous technological innovation and by participating in the formulation of industry standards[52]. - The company intends to seek opportunities for mergers and acquisitions to strengthen its strategic layout in the energy internet and IoT sectors[52]. - The company plans to expand into the energy service sector, leveraging its strengths in capital and management to develop the energy IoT industry[98]. - The company will increase marketing efforts and optimize its marketing management system to expand its market presence in the energy IoT sector[98]. Shareholder Information - The company’s stock code is 300360, and it is listed on the Shenzhen Stock Exchange, indicating its public trading status[18]. - The total number of common stock shareholders at the end of the reporting period is 13,809, a decrease from 13,989 at the end of the previous month[200]. - The largest shareholder, Hangzhou Juhua Group Co., Ltd., holds 22.81% of shares, totaling 93,420,000 shares[200]. - The company completed a share buyback of 21,629,053 shares, representing 5.28% of the total share capital, with a total transaction amount of 213,155,035.64 RMB[196].