LEEJUN(002651)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was ¥818,935,856.28, representing a 19.06% increase from ¥687,836,952.17 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥191,681,143.68, a 7.52% increase from ¥178,276,343.50 in 2019[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,306,009.12, up 9.88% from ¥153,179,515.31 in 2019[6]. - The net cash flow from operating activities for 2020 was ¥148,569,819.48, reflecting a 27.92% increase from ¥116,140,474.32 in 2019[6]. - The total assets at the end of 2020 were ¥2,977,508,154.92, an increase of 11.78% from ¥2,663,609,543.60 at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were ¥2,367,567,946.56, a 7.58% increase from ¥2,200,837,059.85 at the end of 2019[6]. - The company reported a basic earnings per share of ¥0.19 for 2020, up 5.56% from ¥0.18 in 2019[6]. - The company's total operating revenue for 2020 was CNY 818,935,856.28, an increase of 19.06% compared to the previous year[67]. - The net profit of the parent company for 2020 was CNY 149,307,868.42, with a statutory reserve of CNY 14,930,786.84 allocated[170]. - The total distributable profit available for shareholders amounted to CNY 384,687,027.46 after accounting for the previous year's dividend distribution of CNY 61,050,000.00[173]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares based on a total of 1,033,460,000 shares[6]. - A cash dividend of CNY 1.00 per 10 shares (including tax) is proposed, totaling CNY 103,346,000.00, subject to shareholder approval[173]. - The cash dividend for 2020 represents 53.92% of the net profit attributable to ordinary shareholders, which was CNY 191,681,143.68[173]. - The cash dividend distribution for 2020 is 100% of the total distributable profit[174]. Business Expansion and Development - The company has expanded its business scope to include aerospace component manufacturing and engineering management services since 2015[19]. - The company has established a new business line for mechanical equipment leasing and technical consulting services[19]. - The company has established a comprehensive service supply chain for aerospace components, serving major clients like Boeing and Airbus[37]. - The company plans to increase investment in research and technology upgrades to promote steady growth in the aerospace component manufacturing business[38]. - The company has established a new aerospace development center to enhance coordination in industry deployment and business planning[156]. - The company is focusing on high-efficiency, energy-saving, and environmentally friendly technologies in roller press manufacturing to maintain market leadership[156]. Research and Development - The company has a total of 137 valid national patents, including 55 invention patents, showcasing its strong R&D capabilities[53]. - Research and development expenses increased by 88.04% to ¥29,283,778.98 in 2020, compared to ¥15,573,139.00 in 2019[97]. - The company invested in R&D for roller press (high-pressure roller mill) and aerospace component manufacturing, enhancing production efficiency and capabilities[63]. - The company has filed 25 domestic and international patent applications during the reporting period, reflecting its commitment to innovation[53]. - The company aims to continuously strengthen its core competitiveness through innovation and technology development[55]. Market and Industry Risks - The company has faced risks including aerospace industry policy adjustments, economic policy regulation, raw material price fluctuations, and market expansion challenges[6]. - The company is aware of potential economic policy adjustments that could adversely affect its performance in cement and mining sectors[160]. - The company faces risks related to policy adjustments in the aerospace industry, which could impact the development of its subsidiary, Dekun Aviation[160]. Asset Management and Financial Health - The company's asset-liability ratio stood at 20.48%, indicating a stable asset structure[72]. - The company's high-pressure roller mill is recognized as one of the most efficient energy-saving crushing devices, aligning with national policies promoting green and low-carbon development[34]. - The company's intangible assets increased by 106.46% compared to the beginning of the year, primarily due to the acquisition of land by its wholly-owned subsidiary[44]. - The company reported a significant increase in credit impairment losses due to an increase in accounts receivable[97]. - The total amount of short-term loans was 1,000,000.00, reflecting a decrease due to the maturity of bank acceptance bills[108]. Subsidiaries and Acquisitions - The company established a wholly-owned subsidiary, Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd., with an investment of ¥10 million[92]. - The company acquired 100% equity of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. for RMB 37,000 million, utilizing both raised and self-owned funds[118]. - The overall net assets of Chengdu Lijun Technology Co., Ltd. decreased by 3.58% to ¥581,137,639.67 due to profit distribution decisions[139]. - The company plans to enhance its aerospace component manufacturing capabilities through a capital increase of ¥15,000,000 for its subsidiary Dekun Aviation[135]. Operational Performance - The company achieved stable growth in operating performance despite the impact of the pandemic, ensuring normal operations and meeting annual business goals[62]. - The company focused on technological innovation and market expansion, optimizing production resources and improving efficiency to meet customer demands[62]. - The production volume of aerospace components increased by 62.02% to 1,674,563 units, driven by expanded orders from DeKun Aviation[81]. - The revenue from high-pressure roller mills for mining increased significantly by 227.41%, reaching CNY 93,555,886.58[67]. - The sales volume of cement roller presses decreased by 5.41% to 35 units, while the sales volume of high-pressure roller mills increased by 80.00% to 18 units[80].