Changhong Polymer(605008)

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长鸿高科(605008) - 2020 Q4 - 年度财报
2021-04-09 16:00
Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 114,710,788.25, which represents 38.03% of the net profit attributable to shareholders for the year[7]. - The total share capital will increase from 458,843,153 shares to approximately 642,380,414 shares after a capital reserve conversion of 4 shares for every 10 shares held[7]. - The cash dividend policy stipulates that the minimum cash dividend ratio should be 20% for companies in a growth phase with significant capital expenditure plans[181]. Financial Performance - The company's operating revenue for 2020 was approximately ¥1.30 billion, a decrease of 12.09% compared to ¥1.16 billion in 2019[27]. - Net profit attributable to shareholders for 2020 was approximately ¥301.63 million, an increase of 40.18% from ¥215.17 million in 2019[27]. - The net profit after deducting non-recurring gains and losses was approximately ¥269.72 million, up 28.22% from ¥210.36 million in 2019[27]. - The company's net cash flow from operating activities was approximately ¥52.61 million, a significant decrease of 70.08% compared to ¥175.82 million in 2019[27]. - The total assets at the end of 2020 were approximately ¥2.28 billion, an increase of 72.10% from ¥1.33 billion at the end of 2019[27]. - Basic earnings per share for 2020 were ¥0.70, representing a 34.62% increase from ¥0.52 in 2019[28]. - The weighted average return on equity for 2020 was 23.12%, a decrease of 0.84 percentage points from 23.96% in 2019[28]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Zhonglian Accounting Firm[6]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[10]. - The company emphasizes that forward-looking statements in the report involve uncertainties and do not constitute substantial commitments to investors[9]. - The company will strictly adhere to the regulations set forth by the China Securities Regulatory Commission regarding share reduction by major shareholders and executives[192]. Research and Development - The company achieved significant advancements in the research and development of hydrogenated thermoplastic elastomers (SEBS and SEPS) during the reporting period[39]. - The company employs a market-oriented R&D model, enhancing communication between R&D, production, and sales teams to improve product development efficiency and market responsiveness[52]. - The company applied for 1 invention patent and 3 utility model patents during the reporting period, with 2 utility model certificates already obtained[111]. Market and Product Development - The company is focused on expanding its product offerings and enhancing its production capabilities to meet the growing demand for high-performance, environmentally friendly materials[39]. - The company is actively engaging in the development of biodegradable plastics in response to national policies aimed at reducing plastic pollution[99]. - The company aims to replace traditional low-end materials with high-performance, environmentally friendly new materials to meet the growing needs of consumers[104]. - The company is committed to supply-side structural reforms and expanding SEPS production capacity to promote the industrialization of SEPS in China[104]. Financial Risks and Management - The company faces financial risks due to the substantial funding requirements for its biodegradable plastics project, which may impact liquidity and increase financial costs[171]. - The success of the biodegradable plastics project is contingent on the government's enforcement of the "plastic ban" policy, which poses a risk to profitability if not effectively implemented[170]. - The company will actively monitor market conditions and enhance project management to ensure the expected benefits of the biodegradable plastics project are realized[172]. Operational Efficiency and Strategy - The company plans to enhance its management system and internal controls to improve operational efficiency and ensure sustainable growth[150]. - The company aims to build a smart factory to improve production efficiency and management through advanced data systems and energy management[158]. - The company will implement measures to ensure that related party transactions are fair and comply with legal regulations, protecting the interests of minority shareholders[196]. Supply Chain and Procurement - The company has established long-term cooperative relationships with major suppliers like Sinopec and Shell to ensure stable raw material supply[41]. - The average procurement price of butadiene decreased by 35.96% year-on-year, significantly impacting the company's operating costs[120]. - The average procurement price of styrene decreased by 24.84% year-on-year, also having a considerable effect on operating costs[123]. Growth and Expansion Plans - The company plans to invest in a 600,000 tons/year fully biodegradable thermoplastic plastic industrial park project, with the first phase expected to be completed by July 2021[66]. - The company will increase its SBS production capacity from 155,000 tons/year to 250,000 tons/year through a new project, enhancing its product coverage in downstream applications[154]. - The company aims to expand its production capacity and marketing network to capitalize on the growing demand in downstream industries[145].
长鸿高科(605008) - 2020 Q3 - 季度财报
2020-10-28 16:00
2020 年第三季度报告 公司代码:605008 公司简称:长鸿高科 宁波长鸿高分子科技股份有限公司 2020 年第三季度报告 1 / 18 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 18 2020 年第三季度报告 单位:元 币种:人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整, 不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陶春风、主管会计工作负责人胡龙双及会计机构负责人(会计主管人员)马亮保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------| ...