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光智科技(300489) - 2018 Q4 - 年度财报
Optics TechOptics Tech(SZ:300489)2019-04-25 16:00

Financial Performance - In 2018, the company's sales revenue from the nuclear sector was CNY 50.89 million, a year-on-year increase of 4.3%, while non-nuclear sales revenue reached CNY 96.16 million, up 1.16%[6]. - The company's net profit after deducting non-recurring gains and losses for 2018 was CNY -8.58 million, a decline of 214.10% year-on-year[7]. - The company's operating revenue for 2018 was ¥147,054,140.15, representing a 2.22% increase compared to ¥143,853,440.54 in 2017[21]. - The net profit attributable to shareholders for 2018 was ¥1,382,067.28, a significant decrease of 88.97% from ¥12,525,749.04 in 2017[21]. - The net cash flow from operating activities for 2018 was ¥23,356,484.25, an increase of 182.96% from -¥28,153,743.72 in 2017[21]. - The overall gross margin decreased by 13.82% compared to the previous year, indicating challenges in maintaining profitability amidst market changes[38]. - The company reported a total comprehensive income of ¥1,382,067.28, compared to ¥12,525,749.04 in the previous year[200]. Government Support and Subsidies - Government subsidies received by the company from 2016 to 2018 were CNY 10.58 million, CNY 2.25 million, and CNY 0.92 million respectively, significantly impacting profit levels[9]. - The company reported a government subsidy of ¥11,853,870.00 in 2018, compared to ¥6,652,697.91 in 2017[28]. - The company's future outlook includes potential risks related to government subsidies, which may not be sustainable[9]. Product and Market Dynamics - The company has a high dependency on the nuclear fuel processing equipment sector, particularly on its main customer, China Nuclear Mechanical Company, which poses risks to sales revenue due to market fluctuations[7]. - The company’s product structure has shifted, with a significant decrease in high-margin nuclear product sales and an increase in lower-margin civilian non-nuclear products[7]. - The proportion of revenue from non-nuclear sectors reached 65.39%, indicating a significant shift in product structure due to market demand fluctuations[38]. - The company developed 53 new customers in 2018, resulting in orders of 1,030 tons and a revenue contribution of CNY 22.48 million, accounting for 24% of total orders[38]. - The company is actively expanding into new business areas, including the development of radar monitoring systems for anti-drone applications[39]. Research and Development - The company has applied for a total of 32 patents, including 9 invention patents and 23 utility model patents, reflecting its strong focus on R&D[35]. - The total R&D expenditure for 2018 was ¥5,734,156.83, accounting for 3.90% of the operating revenue, down from 4.81% in 2017[57]. - The company successfully developed a new aluminum alloy for tool manufacturing, achieving quality comparable to imported products, thus reducing costs for users[56]. - The company has initiated small-scale trial sales of new specification materials for nuclear fuel processing equipment, with positive feedback received in 2018[79]. Financial Position and Assets - The total assets at the end of 2018 were ¥665,886,307.35, reflecting a 0.55% increase from ¥662,246,015.20 at the end of 2017[21]. - The net assets attributable to shareholders at the end of 2018 were ¥466,880,939.32, a slight increase of 0.04% from ¥466,678,621.37 at the end of 2017[21]. - Cash and cash equivalents increased by 32.77% year-on-year, primarily due to a decrease in cash outflow for purchasing goods compared to 2017[34]. - The company's total assets were reported at ¥603,368,181.24, down from ¥605,051,100.24[199]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.02 per 10 shares, with no bonus shares issued[9]. - The proposed cash dividend for 2018 is RMB 0.02 per 10 shares, totaling RMB 181,500, which represents 13.13% of the net profit attributable to shareholders[91]. - The total cash dividends distributed over the past three years were RMB 4,265,250, reflecting a consistent return to shareholders[91]. - The total number of shares as of December 31, 2018, was 90.75 million[90]. Corporate Governance and Compliance - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and guidelines, and has established a sound internal control system[156]. - The board of directors consists of 8 members, including 3 independent directors, meeting legal and regulatory requirements[157]. - Independent directors attended all board meetings and did not raise any objections to company matters during the reporting period[165]. - The company reported no significant internal control deficiencies during the reporting period, indicating effective governance[171]. Future Outlook and Strategic Goals - The company aims to achieve annual revenue of RMB 300 million from aluminum materials within 3 to 5 years, focusing on high-end, special, and moderately produced markets[78]. - The company plans to achieve annual revenue of RMB 300 million in the high-end equipment sector within 3 to 5 years, leveraging its expertise in radar communication products[78]. - The company aims to diversify its product line, introducing three new product categories by the end of the next fiscal year[145]. - The company projects a revenue growth of 10% for the next fiscal year, targeting 1.32 billion RMB[139].