COMPLANT(000151)2021-04-09 16:00Financial Performance - The company's operating revenue for 2020 was ¥780,847,127.02, a decrease of 34.03% compared to ¥1,183,601,165.48 in 2019[17] - The net profit attributable to shareholders was -¥290,705,255.96, representing a decline of 3,421.90% from ¥8,751,179.96 in the previous year[17] - The operating profit was -297,399,019.80 yuan, down 3,375.74% year-on-year[39] - The basic earnings per share for 2020 was -¥0.9822, a decline of 3,418.24% from ¥0.0296 in 2019[17] - The weighted average return on equity was -37.42%, down from 0.90% in the previous year[17] - In 2020, the company reported a total revenue of 21,205,387.10, a significant decrease from 115,156,092.60 in 2019, indicating a decline of approximately 81.6%[25] - The company reported a net profit of -287,884,262.95 CNY for the year 2020, resulting in a total distributable profit of -240,477,522.08 CNY after accounting for retained earnings from the previous year[83] - The company did not declare any dividends for the year 2020 due to the operating loss, while in 2019, it distributed a cash dividend of 0.2 CNY per share based on a total profit of 77,552,178.76 CNY[83] Cash Flow and Assets - The net cash flow from operating activities improved to ¥25,539,586.71, a significant increase of 104.85% compared to -¥526,157,266.14 in 2019[17] - The total assets at the end of 2020 were ¥1,804,951,349.05, down 24.56% from ¥2,392,545,731.39 at the end of 2019[17] - The net assets attributable to shareholders decreased by 32.75% to ¥637,563,840.45 from ¥948,071,247.78 in 2019[17] - The company's cash and cash equivalents accounted for 26.32% of total assets at the end of 2020, down from 26.62% at the beginning of the year[62] - Operating cash inflow for 2020 was approximately ¥1,066.87 million, a year-on-year increase of 29.18% compared to ¥825.87 million in 2019[56] - Operating cash outflow decreased by 22.98% to ¥1,041.33 million in 2020 from ¥1,352.03 million in 2019[56] Revenue Sources - Revenue from complete equipment exports and engineering contracting dropped by 46.49% to ¥344,015,258.23, accounting for 44.06% of total revenue[43] - General trade revenue increased by 46.18% to ¥345,163,230.99, representing 44.20% of total revenue[43] - Revenue from overseas operations rose by 17.30% to ¥64,480,497.71, making up 8.26% of total revenue[43] - Domestic revenue fell by 78.94% to ¥69,240,893.55, while foreign revenue decreased by 16.76% to ¥711,606,233.47[46] Operational Challenges and Strategies - The company faced significant risks and uncertainties regarding its future operations, as detailed in the report[4] - The general trade business faced challenges due to the pandemic, trade protectionism, and geopolitical factors, leading to uncertainties in major trading countries[29] - The company is focusing on expanding its overseas engineering business, particularly in countries along the Belt and Road Initiative, to enhance its brand recognition and market presence[29] - The company aims to pivot towards the environmental sector and explore investment opportunities in politically stable regions[29] - The company is implementing targeted measures to mitigate the impact of the COVID-19 pandemic on project execution[39] Investments and Projects - The company signed a contract with Nigeria East Gate for the development and financing of a land container port project, with a tentative price not exceeding 232.5 million, approximately 161.88 million RMB[125] - The company has a contract with the Ivorian government for the construction of a dry port project, with a total price of approximately 254.17 million West African Francs, equivalent to about 30.03 million RMB[125] Corporate Governance and Compliance - The company has established a structured governance framework, continuously improving its internal control systems and compliance with legal regulations[171] - The company emphasizes investor relations management, ensuring timely and accurate information disclosure to protect shareholder rights[172] - The audit committee held a total of 6 meetings during the reporting period, addressing key financial matters including the provision for credit impairment of financial assets and the review of the 2019 annual report[182] - The company maintained a diligent approach to governance, with independent directors fulfilling their responsibilities to protect the interests of minority shareholders[181] Employee and Management Information - The total number of employees in the company is 327, with 130 technical personnel and 53 sales personnel[164] - The company has established a compensation distribution system linked to performance, responsibilities, and risks, including various management measures[166] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 622.06 million[163] - The company has a board of directors consisting of experienced professionals with backgrounds in various fields, including engineering and international trade[158]