ConST(SZ:300445)2020-04-27 16:00Financial Performance - The company's operating revenue for 2019 was CNY 286,407,471.57, representing a 19.09% increase compared to CNY 240,499,463.26 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 78,945,171.13, which is a 6.67% increase from CNY 74,010,155.12 in the previous year[16] - The net cash flow from operating activities increased by 12.73% to CNY 68,183,272.10 in 2019, up from CNY 60,481,184.22 in 2018[16] - The total assets of the company at the end of 2019 were CNY 651,235,293.48, marking a 9.82% increase from CNY 593,008,019.06 at the end of 2018[16] - The net assets attributable to shareholders increased by 10.29% to CNY 589,340,196.67 at the end of 2019, compared to CNY 534,344,720.71 at the end of 2018[16] - The basic earnings per share for 2019 were CNY 0.4816, reflecting a 7.50% increase from CNY 0.4480 in 2018[16] - The company reported a slight decrease of 0.54% in net profit after deducting non-recurring gains and losses, totaling CNY 69,217,568.99 in 2019[16] - The weighted average return on net assets was 14.11% in 2019, down from 14.63% in 2018[16] Revenue Breakdown - The company's total revenue for 2019 was 9,727,602.14 million, a substantial increase from 4,415,064.27 million in 2018, reflecting strong business growth[23] - The company's revenue increased by 19.1% year-on-year, with a sales revenue growth of 16.8% in domestic markets and 22.7% in international markets[37] - Sales revenue from digital pressure detection products reached 244.19 million yuan, a growth of 16.6% compared to the previous year, while temperature calibration products saw a revenue increase of 39.3% to 38.52 million yuan[37] - The company's temperature detection products generated revenue of 38.52 million yuan, marking a significant year-on-year growth of 39.3%[53] - Pressure detection products achieved revenue of 244.19 million yuan, reflecting a year-on-year increase of 16.6%[55] - The company's domestic revenue was ¥173,499,499.87, representing 60.58% of total revenue, with a year-on-year increase of 16.83%[66] - The company's foreign revenue was ¥112,907,971.70, which accounted for 39.42% of total revenue, with a year-on-year growth of 22.73%[66] Research and Development - The company has increased its R&D investment to enhance high-value product innovation, positioning itself as a leader in high-accuracy digital pressure and temperature detection products[32] - R&D investment grew by 19.2% year-on-year, with the R&D team size increasing by 41.9%[38] - The company maintained a high R&D investment ratio, with R&D expenses accounting for 18.4% of total revenue, amounting to 52.67 million yuan[44] - The R&D cycle for new products is approximately three years, with a strong emphasis on quality control and project feasibility assessments[30] - The company invested a total of 161.20 million yuan in R&D from 2015 to 2019, accounting for 55.4% of total net profit during that period[52] - The number of R&D personnel increased to 132 in 2019, accounting for 37.29% of the total workforce[77] - The company has obtained 48 patents from 2018 to 2019, including 6 invention patents and 2 PCT patents, with 52 patents currently pending approval[44] Market Expansion and Strategy - The company has established a marketing center in North America and Europe, focusing on expanding its international sales through a multi-level agency system[36] - The company is actively expanding its product offerings, launching new temperature detection products and enhancing its service capabilities in response to market demands[54] - The company aims to enhance its global market presence by building a calibration and testing brand ecosystem, including "Additel" and "恒矩"[106] - The company is focusing on high-quality expansion and technological innovation to enhance its competitive edge in both domestic and international markets[51] - The company is actively expanding its international market presence through subsidiaries and has plans for further overseas center expansions based on actual demand[111] Financial Management and Investments - The company made a significant equity investment of CNY 15,300,000 in Jinan Changfeng Zhiyuan Instrument Technology Co., holding a 51% stake[91] - The company also invested CNY 100,000,000 in Beijing Sangpu Xinyuan Technology Co., acquiring a 100% stake[92] - The ongoing major non-equity investment project, Sangpu Xinyuan's new factory construction, has a total investment of CNY 6,699,060[94] - The company has entrusted financial management with a total amount of 31,600,000 yuan, with an unexpired balance of 6,600,000 yuan[167] - The company has not engaged in any significant related party transactions during the reporting period[157] Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, and this commitment has been adhered to without violations[128] - The company has established a strategy to ensure that any profits from violations of commitments will be returned to the company[131] - The company has a structured approach to managing shareholder transfers and commitments to maintain market stability and investor confidence[131] - The company’s financial reports indicate a strong adherence to these commitments, reflecting a stable governance structure[135] - The company has engaged legal and accounting firms to ensure compliance and accountability in its public disclosures[136] Social Responsibility and Environmental Commitment - The company is actively involved in social responsibility by donating measuring instruments and funds to relevant educational institutions, promoting orderly industry development[171] - The company is not classified as a key pollutant discharge unit by environmental protection authorities and strictly controls environmental pollution[173] - The company has installed noise reduction measures and ensures that wastewater generated during construction is treated properly[173] - The company emphasizes employee training and development, implementing a comprehensive performance evaluation system to provide a good working environment[1] - The company adheres to OHSAS 18000 certification standards, focusing on employee safety, labor protection, and health[1]