Marubi(SH:603983)2020-04-21 16:00Financial Performance - The company's operating revenue for 2019 was approximately RMB 1.80 billion, representing a 14.28% increase from RMB 1.58 billion in 2018[26]. - Net profit attributable to shareholders for 2019 was approximately RMB 514.89 million, a 23.99% increase from RMB 415.28 million in 2018[26]. - The net profit after deducting non-recurring gains and losses was approximately RMB 451.28 million, reflecting a 25.95% increase from RMB 358.31 million in 2018[26]. - Basic earnings per share for 2019 was CNY 1.37, a 19.13% increase from CNY 1.15 in 2018[27]. - The weighted average return on equity decreased to 26.30% in 2019, down 9.27 percentage points from 35.57% in 2018[27]. - Total revenue for Q4 2019 reached CNY 589,267,351.19, with a net profit attributable to shareholders of CNY 155,793,526.87[30]. - The company reported a total of CNY 63,608,243.28 in non-recurring gains and losses for 2019, compared to CNY 56,967,337.49 in 2018[32]. - The gross profit margin was 68.16%, slightly down due to rising costs[45]. - The company achieved a revenue of 1.801 billion yuan in 2019, representing a year-on-year growth of 14.28%[45]. - Online sales reached 808 million yuan, growing by 22.89%, while offline sales were 992 million yuan, up by 8.2%[45]. Assets and Liabilities - As of the end of 2019, the net assets attributable to shareholders were approximately RMB 2.67 billion, a 94.14% increase from RMB 1.38 billion at the end of 2018[26]. - Total assets at the end of 2019 were approximately RMB 3.44 billion, a 62.33% increase from RMB 2.12 billion at the end of 2018[26]. - The company's total liabilities increased by 6.01%, with accounts payable reaching 289,796,547.34[74]. - The asset-liability ratio at the end of 2019 was 22.30%[198]. Cash Flow - The net cash flow from operating activities for 2019 was approximately RMB 465.53 million, a decrease of 9.90% compared to RMB 516.69 million in 2018[26]. - Cash flow from operating activities increased significantly, with payments related to operating activities rising by 42.70% to 656,831,272.49[69]. - The company reported a 34.42% increase in cash and cash equivalents, totaling 2,101,532,939.83 at the end of the reporting period[72]. Research and Development - The company launched 23 new invention patents during the reporting period, enhancing its R&D capabilities[46]. - Research and development expenses increased by 32.66% to ¥44,868,560.99, reflecting the company's commitment to enhancing its R&D capabilities[55]. - The number of R&D personnel was 106, accounting for 11.99% of the total workforce[68]. - The company emphasizes innovation in research and development, focusing on product efficacy and market trends[81]. Marketing and Sales - The company operates a diversified sales network, including specialty stores, department stores, beauty salons, and e-commerce platforms[38]. - The company’s main brands include "Marubi," "Chunji," and "Lianhuo," focusing on different consumer segments and product lines[38]. - The company’s anti-aging product lines contributed 40% to total revenue, with eye care products making up 30%[47]. - The company’s marketing strategy included over 2000 brand exposures through various media channels[48]. Dividend Policy - The company has established a cash dividend policy, ensuring that cash dividends account for at least 10% of the distributable profits each year, with a cumulative distribution of no less than 30% of the average annual distributable profits over the last three years[118]. - In 2019, the company distributed a cash dividend of 3.90 RMB per 10 shares, totaling 156,390,000 RMB, which represents 30.37% of the net profit attributable to ordinary shareholders[122]. - The company did not propose a cash dividend distribution plan for the reporting period despite having positive distributable profits, indicating a focus on sustainable growth and reinvestment[122]. Corporate Governance - The company's board of directors is responsible for formulating the annual profit distribution plan based on profitability and funding needs, with independent directors providing opinions on the plan[121]. - The company has committed to ensuring that the prospectus for its IPO does not contain false records or misleading statements[139]. - The company will publicly disclose any failure to fulfill commitments made in the prospectus and will take legal responsibility for any losses incurred by investors[143]. Social Responsibility - The company has made a donation of RMB 200,000 to establish a hope primary school in LingShou County, Hebei, focusing on educational poverty alleviation[176]. - The company has contributed RMB 379,986.53 for the construction of streetlights in Shixi Village, Guangdong, enhancing rural infrastructure[176]. - The company has established a long-term assistance mechanism for poverty alleviation, continuing to contribute to education and health in impoverished areas[183]. Environmental Management - The company has implemented a comprehensive environmental management system and has received ISO14001:2015 certification[95]. - The company has been recognized as an excellent enterprise in clean production for the year 2017 in Guangzhou, reflecting its commitment to environmental sustainability[185]. - The company has implemented energy-saving and emission-reduction measures, achieving a clean production certification and being recognized as an excellent clean production enterprise in Guangzhou for 2017[191].