RC(SZ:300596)2019-03-25 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 1.2 billion in 2018, representing a growth of 15% compared to 2017[20]. - The company's operating revenue for 2018 was ¥1,487,749,326.56, representing a 30.23% increase compared to ¥1,142,409,913.44 in 2017[30]. - The net profit attributable to shareholders for 2018 was ¥193,073,521.01, a 47.95% increase from ¥130,500,277.88 in 2017[30]. - The net profit after deducting non-recurring gains and losses for 2018 was ¥186,094,366.54, up 48.53% from ¥125,291,737.68 in 2017[30]. - The basic earnings per share for 2018 was ¥1.07, an increase of 44.59% compared to ¥0.74 in 2017[30]. - The gross profit margin for 2018 was reported at 35%, a slight increase from 33% in 2017, indicating improved cost management[20]. - The company has set a target to achieve a net profit margin of 12% in 2019, up from 10% in 2018, through enhanced product offerings and market strategies[20]. - The company reported a net profit margin of 12%, indicating strong operational efficiency[149]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by 2020[20]. - The company provided a positive outlook for 2019, projecting a revenue growth of 10% to 15% based on market expansion strategies and new product launches[20]. - The company aims to enhance its competitive advantage through technology innovation and project implementation, focusing on capacity upgrades and product structure optimization[116]. - The company plans to maintain a stable cash dividend policy, ensuring consistent returns to investors in accordance with its articles of association and dividend management system[189]. - The company is focused on expanding its international market presence while balancing domestic growth, enhancing its brand influence globally[55]. Research and Development - Investment in R&D increased by 25% in 2018, focusing on the development of new polymer materials and additives to enhance product performance[20]. - The R&D team consists of 161 personnel, accounting for approximately 15.32% of the total workforce, including 7 PhDs and 27 master's degree holders[53]. - The company has accumulated 56 authorized patents as of December 31, 2018, including 40 invention patents and 16 utility model patents, with 31 invention patent applications and 4 utility model applications currently under review[53]. - The company is actively developing personalized U-pack products to meet the evolving trends in the polymer materials anti-aging industry[50]. - The company has significantly enhanced its R&D capabilities and application technology innovation, leading to accelerated growth of its U-pack products[48]. Risk Management - The company faces risks related to raw material price fluctuations, which significantly impact production costs due to the high proportion of direct materials in the main business costs[4]. - The company has implemented sufficient provisions for bad debts, but remains exposed to risks if major clients face operational difficulties due to economic changes[9]. - The company’s export business is significantly affected by exchange rate fluctuations and national export tax rebate policies, with a depreciation of the RMB providing some competitive advantages[8]. - The company emphasizes EHS management to ensure safety and environmental compliance, aiming for sustainable development[120]. - The company will actively monitor macroeconomic changes and implement measures to mitigate risks related to foreign exchange and customer credit[120]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.61 per 10 shares, based on a total of 180,000,000 shares[11]. - The cash dividend for 2018 represents 15.01% of the net profit attributable to ordinary shareholders, compared to 15.03% in 2017[130]. - The total distributable profit for 2018 was RMB 106,452,466.27, with the cash dividend fully utilizing this amount[128]. - The company has maintained a consistent dividend distribution policy over the past three years, with cash dividends increasing each year[128]. - The company's independent directors confirmed the compliance and transparency of the dividend distribution process[125]. Operational Efficiency - The company aims to improve operational efficiency by implementing new technologies, which are projected to reduce production costs by 10%[20]. - The company is implementing a lean production model across its bases to optimize management and production efficiency[61]. - The company aims for a 72-hour supply response time, balancing service and cost through coordinated supply chain management[44]. - The company is committed to reducing the dilution of immediate returns from its issuance activities through various measures[189]. - The company will continue to advance information technology applications, including SAP and CRM systems, to enhance operational efficiency[120]. Corporate Governance - The company has committed to strict compliance with laws and regulations regarding related party transactions, ensuring fairness and transparency[143]. - The commitments made by the actual controllers and related parties ensure no competition with the company's main business activities[145]. - The company guarantees to follow its profit distribution policies, including cash dividend policies, as outlined in its articles of association and future plans[135]. - The company has established an employee stock ownership plan with a maximum duration of 24 months, aimed at aligning employee interests with company performance[195]. - The company has not reported any issues regarding the use and disclosure of raised funds during the reporting period[101].