GREAT RIVER SMARTER(SZ:002930)2020-03-27 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[16]. - The company's operating revenue for 2019 was ¥485,946,770.69, representing a 22.07% increase compared to ¥398,085,273.12 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥145,804,786.27, a 41.96% increase from ¥102,710,073.67 in 2018[25]. - The net cash flow from operating activities surged to ¥320,065,295.88, marking a significant increase of 1,931.30% from ¥15,756,702.28 in 2018[25]. - Total assets at the end of 2019 reached ¥3,579,523,265.34, up 24.29% from ¥2,879,875,170.18 at the end of 2018[25]. - The company reported a basic earnings per share of ¥0.43, a decrease of 4.44% compared to ¥0.45 in 2018[25]. - The company's total revenue from storage and transfer services was CNY 464,714,735.13, accounting for 95.63% of total revenue, with a growth of 22.52%[54]. - The logistics chain management services revenue surged by 384.78% to CNY 20,514,957.25, representing 4.22% of total revenue[54]. Dividend Policy - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 102 million RMB[6]. - The cash dividend total for 2019, including other methods, is 102,395,252.40 CNY, which accounts for 50.00% of the distributable profit of 261,900,473.65 CNY[128]. - The company has maintained a consistent cash dividend policy, distributing 3.00 CNY per 10 shares for the years 2018 and 2019, with a total cash dividend of 102,395,252.40 CNY in 2019, representing 70.23% of the net profit attributable to ordinary shareholders[124]. - The company has a clear profit distribution policy established in its articles of association, ensuring compliance with regulations and shareholder interests[124]. - The company has a three-year shareholder return plan in place, which includes cash dividends and capital increases[124]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% growth in that region for 2020[16]. - Future guidance indicates a revenue target of 1.5 billion RMB for 2020, reflecting a growth rate of 25%[16]. - The company is exploring potential mergers and acquisitions to strengthen its supply chain capabilities[16]. - The acquisition of Zhongshan Jiaxin expanded the company's market layout in the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing overall storage capacity and service capabilities[106]. - The company is focused on expanding its business footprint through self-built projects and acquisitions, aiming to create a nationwide logistics, capital, and information flow system[113]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for the upcoming fiscal year[16]. - The company has increased its R&D investment, reflected in a 100% rise in development expenditures to ¥177.88 million[40]. - The number of R&D personnel rose by 107.69% to 27, with R&D investment amounting to ¥8,903,080.21, an increase of 888.07%[75]. - R&D expenses surged by 233.52% to ¥3,005,220.19, mainly due to increased R&D investments[73]. - The company capitalized R&D investments amounting to ¥5,897,860.02, representing 66.25% of total R&D expenditures, aimed at enhancing market share and core competitiveness[75]. Operational Efficiency - New product development includes the launch of an advanced logistics management system, expected to enhance operational efficiency by 40%[16]. - The company aims to improve its service offerings by integrating AI technologies into its logistics operations, projected to reduce costs by 15%[16]. - The company plans to expand its logistics services, focusing on integrated warehousing and logistics chain management[39]. - The company has established a comprehensive chemical warehousing service system to innovate service models and improve market adaptability[114]. Risk Management - The company faces safety production risks due to the nature of its chemical storage operations, which involve flammable and toxic materials, and has implemented strict safety management systems and insurance measures to mitigate these risks[114]. - The company is highly dependent on the petrochemical industry, which is subject to macroeconomic fluctuations, and is actively diversifying its services to reduce this dependency[114]. - The company is enhancing its internal control systems and investment decision processes to manage operational and financial risks effectively[118]. Corporate Governance - The independent directors have fulfilled their responsibilities effectively, ensuring the protection of minority shareholders' rights[124]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a reduction price not lower than the IPO price after the lock-up period of 2 years[135]. - The company has established a stock price stabilization commitment for 3 years post-listing, including measures such as stock repurchase and shareholding increases by major shareholders[140]. - The company has committed to linking its compensation system to the execution of measures to ensure returns[147]. - The company has pledged to compensate investors for losses incurred due to any false records or misleading statements in the prospectus[144]. Social Responsibility - The company has actively fulfilled its social responsibilities, ensuring the protection of shareholders, creditors, employees, customers, and suppliers' interests[200]. - The company has committed to sustainable development and the improvement of economic, environmental, and social harmony[200]. - The company has implemented a robust internal management and control system to ensure fair and transparent operations for all stakeholders[200].