BROADEX(SZ:300548)2019-04-29 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2018, representing a year-on-year growth of 15%[25]. - The gross profit margin for the year was 35%, indicating a decrease from the previous year's margin of 38% due to increased competition and pricing pressures[8]. - The company's operating revenue for 2018 was ¥275,110,934.64, a decrease of 21.23% compared to ¥349,236,707.65 in 2017[32]. - The net profit attributable to shareholders for 2018 was ¥2,331,032.34, representing a significant decline of 97.08% from ¥79,800,314.93 in 2017[32]. - The net profit after deducting non-recurring gains and losses was -¥7,409,804.82 in 2018, a decrease of 110.62% compared to ¥69,804,570.28 in 2017[32]. - The company achieved revenue of 275 million yuan, a decrease of 21.23% year-over-year, and a net profit of 2.33 million yuan, down 97.08% from the previous year[48]. - The company reported a quarterly operating revenue of ¥80,352,094.46 in Q4 2018, showing a recovery trend compared to previous quarters[33]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥49,960,312.12, a 310.46% rise year-on-year[96]. - The total amount of investment income was ¥6,263,913.24, significantly impacting the profit total[97]. - The company reported an asset impairment of ¥58,957,860.76 related to its investment in Kaiam, representing a substantial portion of the total profit[97]. Market and Product Development - The company plans to expand its market presence by investing in new product development, particularly in silicon photonics technology, which is expected to drive future growth[12]. - User data indicates that demand from telecom operators and data center operators remains strong, although fluctuations in investment may impact future performance[7]. - The global optical device market is projected to grow at a compound annual growth rate of approximately 11% from 2018 to 2022[48]. - The demand for 10G PON deployment is expected to continue growing over the next five years, driven by cloud data center applications and 5G network construction[139]. - The company aims to expand its production scale of 10G PON optical modules to capture market share[139]. - The company plans to develop DWDM devices and active transceiver modules suitable for 5G bearer networks[140]. - The demand for 100G optical transceiver modules in data centers is anticipated to remain strong, with over 7 million units shipped in 2018[139]. - The company aims to become a leader in the manufacturing and promotion of optoelectronic devices based on PLC technology, focusing on modularization, integration, and miniaturization[141]. - Over the next five years, the company plans to develop four major technology platforms, including PLC, MEMS, high-speed active components, and silicon photonics, with a focus on higher integration and functionality[141]. Research and Development - Research and development expenses accounted for 12% of total revenue, reflecting the company's commitment to innovation and technology upgrades[12]. - The company maintained R&D investment of 19.69 million yuan, a growth of 0.94% year-over-year, constituting 7.16% of total revenue[62]. - The number of R&D personnel increased to 123, making up 17.47% of the total workforce, up from 13.14% in 2017[92]. - The company completed the development of a new production testing system, aimed at improving production efficiency and reducing testing costs[90]. - The company will continue to invest in R&D for high-speed active components and silicon photonics technology, ensuring the development of new products to maintain market leadership[146]. Acquisitions and Investments - The company is actively pursuing mergers and acquisitions to enhance its capabilities and expand its business scope, with several potential targets identified[14]. - The company completed the acquisition of Chengdu Dipu in June 2018, which contributed revenue of RMB 82.42 million and net profit of RMB 10.89 million for the year[63]. - The company made a significant equity investment of ¥37,116,980 in its wholly-owned subsidiary in the U.S., holding a 100% stake[105]. - The company also invested ¥29,000,000 in Shanghai Guibo, acquiring a 100% stake[105]. - The company recognized a full impairment on its investment in Kaiam due to financial difficulties, impacting its financial position[63]. Shareholder Returns - The board approved a cash dividend of 1.00 RMB per 10 shares, reaffirming the company's commitment to returning value to shareholders[14]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 255,182,500.18 yuan[160]. - The cash dividend amount for 2018 is 8,335,000 yuan, which is 357.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[164]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 16,534,000 yuan in both 2016 and 2017[163]. - The profit distribution plan for 2018 has been approved by the board and is pending approval from the shareholders' meeting[158]. Operational Efficiency - The company is focused on improving operational efficiency to mitigate the impact of rising raw material costs on profit margins[8]. - The company maintains a "sales-driven production" model, organizing procurement and production based on orders received[46]. - The company anticipates potential risks, including fluctuations in customer demand, declining product gross margins, and challenges in technology upgrades[150][151][152]. - The company will adjust its investment projects based on market demand and technological developments to mitigate risks associated with fundraising[152]. - The company aims to optimize its group management system to better serve customers and improve operational efficiency[146]. Risk Management - The company faces risks related to external investments, which may not yield the expected returns due to market volatility and operational challenges[13]. - The company reported a decrease in available-for-sale financial assets, fully impairing the investment in Kaiam Corporation due to its financial difficulties[100]. - The company has not reported any significant non-equity investments during the reporting period[108]. - The company has not conducted any capital reserve transfer to increase share capital for the 2018 fiscal year[158]. - The company has not sold any significant assets during the reporting period[129].