英可瑞(300713) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was CNY 307,191,244.53, a decrease of 19.27% compared to CNY 380,495,152.89 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 12,011,498.84, down 85.74% from CNY 84,231,784.24 in the previous year[16] - The net profit after deducting non-recurring gains and losses was CNY 7,348,705.89, a decline of 90.74% from CNY 79,335,401.17 in 2017[16] - The basic earnings per share for 2018 was CNY 0.13, down 86.60% from CNY 0.97 in 2017[16] - Operating profit was CNY 11,794,529.03, down 87.28% year-on-year, while total profit decreased by 82.97% to CNY 16,621,069.36[57] - The company recognized goodwill impairment of CNY 15,245,600, which impacted net profit for the reporting period[57] - The company's net profit available for distribution to ordinary shareholders was RMB 192,105,159.31, with a cash dividend total of RMB 0.00, representing 0.00% of the total profit distribution[147] Assets and Liabilities - The total assets at the end of 2018 were CNY 984,685,965.65, an increase of 8.35% from CNY 908,838,719.64 at the end of 2017[16] - The net assets attributable to shareholders at the end of 2018 were CNY 717,559,795.73, a slight increase of 0.94% from CNY 710,860,796.89 in 2017[16] - The company's total restricted assets reached ¥79,833,358.69, primarily due to short-term loan collateral[97] - The company reported an asset impairment of ¥43.07 million, which constituted 259.12% of total profit, indicating significant challenges in receivables and goodwill[92] - The company’s cash and cash equivalents stood at ¥6,003,316.69, with part of it used as a bank acceptance bill margin[97] Research and Development - The company invested RMB 37.55 million in R&D in 2018, representing 12.22% of its revenue, a 48.13% increase from RMB 25.35 million in 2017[50] - The company is focusing on the development of high-power efficient electric vehicle charging power products and DC-DC power supplies, accelerating R&D progress[36] - The company launched several new products, including a 750VDC input 3KW inverter power supply and a portable vehicle-mounted charger with 3.3KW and 6.6KW platforms[86] - Research and development expenses increased by 48.13% to CNY 37,550,132.61, driven by enhanced R&D efforts and the consolidation of Changsha Guangyi[84] Market and Competition - The company faced significant risks in future operations as outlined in the report, which investors should be aware of[4] - The company’s charging pile product orders decreased due to intense market competition and fluctuations in private charging station construction[36] - The company recognizes the risk of declining gross margins due to increased competition in the electric vehicle charging infrastructure sector and aims to innovate continuously to maintain profitability[127] Strategic Initiatives - The company plans to expand its product offerings in electric vehicle charging power modules and special power supplies, aiming to become a leading domestic supplier[37] - The company aims to optimize its technology and strengthen operational advantages to maintain a positive growth trend[38] - The company plans to invest CNY 23,500,000 in the smart high-frequency switch power supply industrialization project, with 40% allocated to the Longgang Industrial Park construction[61] - The company is actively promoting the "Intelligent High-Frequency Power Supply Industrialization Project" and the "Intelligent High-Frequency Power Supply R&D Center Project" to ensure timely project progress[108] Profit Distribution and Dividends - The company emphasizes a stable profit distribution policy, aiming for a minimum cash dividend of 20% of the distributable profit each year when conditions are met[144] - In 2018, the company did not distribute any cash dividends, maintaining a cash dividend of RMB 0.00 per 10 shares, while proposing a capital increase of 5 shares per 10 shares, leading to a total share capital increase to 143,437,500 shares[149] - The profit distribution plan for 2018 requires approval from the annual general meeting of shareholders before implementation[149] - The company's cash dividend policy requires that cumulative cash distributions over three years should not be less than 30% of the average annual distributable profit[144] Acquisitions and Subsidiaries - The company acquired 51% of Changsha Guangyi Converter Technology Co., Ltd. for a total of RMB 68 million, enhancing its business scope and core competitiveness[38] - The company established a wholly-owned subsidiary, Shenzhen Deep Rui Information Technology Co., Ltd., with an investment of ¥10 million in August 2018[68] - The company completed the cash acquisition of 51% equity in Changsha Guangyi Converter Technology Co., expanding its consolidation scope to include this new subsidiary[165] Governance and Compliance - The company has established a structured governance framework to ensure effective management and coordination as it expands[134] - The independent directors fulfilled their responsibilities and ensured that minority shareholders had opportunities to express their opinions[146] - The company has not experienced any significant changes in project feasibility or the use of raised funds[108] - The company has disclosed that there are no issues or violations regarding the use and management of raised funds[110] Social Responsibility and Employee Welfare - The company actively engages in social responsibility initiatives, including environmental protection and promoting sustainable development[196] - The company emphasizes employee welfare by providing comprehensive insurance and promoting a harmonious work environment[196] - The company has implemented training programs to enhance employee skills and knowledge[195]