Financial Performance - The company's operating revenue for 2020 was CNY 34.91 billion, a decrease of 8.66% compared to CNY 38.22 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was a loss of CNY 481.19 million, down from a profit of CNY 501.16 million in 2019, representing a decline of 196.02%[18]. - The total assets at the end of 2020 were CNY 172.41 billion, a decrease of 5.82% from CNY 183.07 billion at the end of 2019[19]. - The company's net asset attributable to shareholders was CNY 85.20 billion at the end of 2020, a slight decrease of 0.58% from CNY 85.70 billion at the end of 2019[19]. - The basic earnings per share for 2020 was -CNY 0.021, a decrease of 195.45% from CNY 0.022 in 2019[20]. - The total profit for the year was a loss of CNY 0.391 billion, compared to a profit of CNY 0.649 billion in the previous year[48]. - The net profit attributable to the parent company was a loss of CNY 0.481 billion, down from a profit of CNY 0.501 billion in the previous year[48]. - The gross profit margin was 10.79%, an increase of 1.16 percentage points year-on-year[51]. Audit and Compliance - The company received a standard unqualified audit report from the accounting firm[3]. - The company has confirmed that all board members attended the board meeting[3]. - The company has not faced any risks of suspension or termination of listing during the reporting period[134]. - The company has not encountered any significant accounting errors that require correction during the reporting period[132]. Operational Highlights - The company completed the acquisition of 100% equity in Chongqing Hengshan Machinery Co., Ltd., which became a subsidiary during the reporting period[20]. - The company completed the delivery of 6.49 million deadweight tons of ships during the reporting period, receiving positive feedback from shipowners[44]. - The company repaired 440 ships during the reporting period, benefiting from the booming desulfurization device retrofit business[59]. - The company maintained a leading position in the ship repair market, successfully completing various high-profile repair projects[59]. Market Conditions - The global shipbuilding market faced a significant downturn, with new ship orders dropping by 29% year-on-year, totaling approximately 53 million DWT in 2020[31]. - The revenue of major shipbuilding enterprises in China decreased by 13% year-on-year, while total profit dropped by 84.3%, indicating increased operational pressure on companies[32]. - The shipbuilding sector's new orders were significantly impacted by the global economic downturn, with a notable decrease in shipowners' willingness to place orders[58]. Research and Development - The company invested a total of CNY 2.75 billion in R&D, accounting for 7.89% of its operating revenue[45]. - The company has established a robust technology innovation system, significantly increasing R&D investment and promoting the commercialization of technological achievements[34]. - The company plans to enhance its technology innovation system and strengthen collaborative innovation to support product competitiveness[73]. Strategic Initiatives - The company is actively expanding its international market presence, becoming the only qualified supplier for major international contractors like MODEC and McDermott[39]. - The company aims to enhance its core military capabilities and support the construction of a world-class navy by focusing on advanced defense equipment development[33]. - The company is focusing on innovation and digital transformation to improve competitiveness in the shipbuilding supply chain[103]. Shareholder and Governance - The company did not distribute cash dividends or increase share capital from reserves during the reporting period[4]. - The company has committed to minimizing related party transactions that could adversely affect the interests of all shareholders, ensuring fair transaction conditions[123]. - The company has extended the lock-up period for 718,232,042 shares held by major shareholders by 12 months, until May 25, 2021, reflecting confidence in future development[125]. Environmental and Social Responsibility - The company has established dedicated environmental protection management teams and pollution prevention facilities at all 10 key pollutant discharge units, with no major environmental pollution incidents reported during the reporting period[172]. - The company invested a total of 10.97 million yuan in poverty alleviation efforts during the reporting period[162]. - The company provided educational support, funding 2.1 million yuan for 13 impoverished students[164]. Risks and Challenges - The company acknowledges risks related to insufficient demand due to ongoing global pandemic uncertainties, which may impact the new shipbuilding market[113]. - Rising costs are a concern, particularly with increasing steel prices and labor costs, which could lead to higher shipbuilding expenses[114]. - The company faces intense market competition, which may result in downward pressure on new ship prices and challenges in securing new orders[115].

2018 年年度报告 公司代码：601989 公司简称：中国重工 中国船舶重工股份有限公司 2018 年年度报告 1 / 259 2018 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 致同会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人姜仁锋、主管会计工作负责人王良 及会计机构负责人（会计主管人员）姚祖辉 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟以2018年度利润分配股权登记日公司的总股本22,879,793,243股为基数，向全体股东每10 股派发现金0.09元（含税），合计派发的现金红利总额为205,918,139.19元。本年度不实施包括 资本公积金转增股本在内的其他形式的分配。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请投 资者注 ...