ALD(SZ:300696)2019-04-25 16:00Financial Performance - The company's operating revenue for 2018 was ¥128,145,993.72, a decrease of 5.76% compared to ¥135,976,214.47 in 2017[24]. - The net profit attributable to shareholders for 2018 was ¥68,479,887.81, down 7.00% from ¥73,636,625.62 in 2017[24]. - The net profit after deducting non-recurring gains and losses was ¥51,086,531.05, a decline of 25.12% from ¥68,224,052.52 in 2017[24]. - The net cash flow from operating activities was negative at -¥1,507,810.13, a significant drop of 101.61% compared to ¥93,849,804.80 in 2017[24]. - The total assets at the end of 2018 were ¥826,887,313.85, an increase of 7.94% from ¥766,029,573.71 at the end of 2017[24]. - The net assets attributable to shareholders at the end of 2018 were ¥748,728,046.37, up 7.17% from ¥698,614,812.76 at the end of 2017[24]. - The company achieved a weighted average return on equity of 9.49% in 2018, down from 17.09% in 2017[24]. - The company reported a total of ¥17,393,356.76 in non-recurring gains for 2018, significantly higher than ¥5,412,573.10 in 2017[30]. - The total operating revenue for 2018 was ¥128,145,993.72, a decrease of 5.76% compared to ¥135,976,214.47 in 2017[50]. - The revenue from aircraft components was ¥125,953,768.39, accounting for 98.29% of total revenue, down 6.22% from ¥134,313,040.92 in 2017[50]. - The gross profit margin for the aviation parts manufacturing segment was 63.18%, a decrease of 12.86% from the previous year[52]. - The total operating cost for aviation parts manufacturing was ¥47,187,739.20, an increase of 26.21% from ¥37,388,378.75 in 2017[54]. - The company reported a net profit of 47.7 million yuan for the year 2018[135]. Cash Flow and Investments - Cash and cash equivalents decreased by 64.87% primarily due to the purchase of financial products with idle funds[37]. - The total cash inflow from operating activities decreased by 47.12% to ¥98,126,952.02 compared to ¥185,561,986.76 in the previous year[63]. - The net cash flow from investment activities decreased by 39.43% to -¥143,299,908.23[64]. - Financing cash inflow dropped by 100.00% as no financing activities occurred during the reporting period, while cash outflow increased by 4.10% to ¥20,933,000.00[64]. - The net increase in cash and cash equivalents fell by 182.25% to -¥165,740,718.36[64]. - The company made a total investment of ¥28,500,000.00 during the reporting period, marking a 100.00% increase compared to the previous year[76]. - The company has entrusted wealth management with a total amount of 944 million RMB, including 684 million RMB in bank wealth management products and 260 million RMB in securities firm wealth management products[150]. Shareholder and Dividend Information - The profit distribution plan approved by the board proposes a cash dividend of 1.80 RMB per 10 shares, based on a total of 117,215,000 shares[11]. - The total cash dividend distributed for 2018 was RMB 21,098,700.00, accounting for 30.81% of the net profit[112]. - The cash dividend per 10 shares for 2018 was set at RMB 1.80 (including tax)[110]. - The company’s cash dividend policy remained unchanged during the reporting period[106]. - The total distributable profit available to shareholders at the end of 2018 was RMB 166,520,463.95[109]. - The cash dividend payout ratio for 2017 was 27.15%, with a total cash dividend of RMB 19,995,500.00[112]. - The company actively engaged with minority shareholders to ensure their interests were protected during the dividend decision process[106]. Operational Efficiency and Quality Control - The company achieved a product yield rate of over 99.50%, indicating strong quality control and operational efficiency, but faces risks of waste and yield decline due to the complexity of manufacturing processes[10]. - The company has established a mature quality management system and has obtained various certifications, including AS9100D and Nadcap, to enhance its manufacturing capabilities[11]. - The company maintains a high product yield rate of over 99.50%, but faces risks of waste and declining yield due to the complexity of aerospace components[101]. - The company has successfully passed Nadcap certification for special processes, enhancing its manufacturing capabilities for aviation components[34]. - The company completed the installation of 12 new CNC machines, enhancing its full-process manufacturing capability for aviation components[46]. Market and Competitive Position - The company is actively exploring market expansion opportunities to enhance its competitive position in the aviation manufacturing industry[10]. - The military aviation manufacturing market is expected to grow due to increasing national defense spending and the encouragement of private enterprises in high-end military aviation competition[85]. - The civil aviation manufacturing market forecasts a need for 7,690 new aircraft over the next 20 years, valued at USD 1.2 trillion, reflecting a 6.2% increase in demand compared to previous estimates[86]. - The company is focused on maintaining a strong order acquisition ability while managing the risks associated with product quality and production costs[11]. - The company is focused on expanding its market by strengthening its sales department and actively seeking new business opportunities[36]. Corporate Governance and Compliance - The company has maintained its accounting firm, Xinyong Zhonghe, for 4 consecutive years[136]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[187]. - The independent directors bring diverse expertise from academia and industry, enhancing the board's effectiveness[190]. - The company has not faced any penalties or rectification issues in the reporting period[138]. - The company has committed to strict adherence to its public offering commitments and will disclose any failures promptly[130]. Research and Development - Research and development expenses increased by 90.03% to ¥7,219,781.30, representing 5.63% of total operating revenue[60][62]. - The company applied for 11 new patents during the reporting period, with 7 utility model patents granted[46]. - The number of R&D personnel increased to 88, representing 22.39% of the total workforce[62]. - The company aims to enhance its technical innovation capabilities by investing in new manufacturing technologies and optimizing processes in 2019[94]. Social Responsibility - The company has actively fulfilled its social responsibilities, adhering to principles of integrity and human-centered management[152]. - The company has invested 50,000 RMB in poverty alleviation efforts, specifically supporting livestock farming in a targeted poverty alleviation area[155][156].