GREAT RIVER SMARTER(SZ:002930)2021-04-22 16:00Financial Performance - The total revenue for 2020 was 1.2 billion RMB, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥848,319,886.46, representing a 74.57% increase compared to ¥485,946,770.69 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥227,732,270.45, a 56.19% increase from ¥145,804,786.27 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥585,694,244.07, up 82.99% from ¥320,065,295.88 in 2019[26]. - The total assets at the end of 2020 were ¥6,358,418,564.55, a 77.63% increase from ¥3,579,523,265.34 at the end of 2019[28]. - The basic earnings per share for 2020 was ¥0.51, an 18.60% increase from ¥0.43 in 2019[26]. - The diluted earnings per share for 2020 was ¥0.50, a 16.28% increase from ¥0.43 in 2019[26]. - The weighted average return on equity for 2020 was 11.48%, up from 8.08% in 2019[26]. Cash Dividend - The company reported a cash dividend of 3.00 RMB per 10 shares (including tax) for all shareholders[6]. - In 2020, the total cash dividend amounted to 133,199,652.90 yuan, representing 58.49% of the net profit attributable to ordinary shareholders[159]. - The cash dividend policy has remained unchanged over the past three years, ensuring compliance with the company's articles of association and shareholder resolutions[158]. - The cash dividend for 2019 was 102,395,252.40 yuan, which accounted for 70.23% of the net profit attributable to ordinary shareholders[159]. - The cash dividend for 2018 was 73,139,466.00 yuan, representing 71.21% of the net profit attributable to ordinary shareholders[159]. - The total distributable profit for the year was 286,348,354.39 CNY, with the cash dividend accounting for 100% of the profit distribution[163]. Business Expansion and Strategy - The company plans to expand its logistics network by opening 5 new warehouses in key regions by the end of 2021[18]. - The company aims to enhance its market position through strategic partnerships and acquisitions in the logistics sector[18]. - The company is focusing on the petrochemical storage sector, where demand exceeds supply, providing a solid foundation for long-term development[41]. - The company plans to focus on dual main businesses: terminal tank storage and chemical warehouse storage, leveraging mergers and acquisitions for growth[140]. - The company intends to build an innovative service management platform using mobile internet and big data technologies to enhance operational efficiency and customer service[140]. - The company is focused on creating a nationwide logistics, capital flow, and information flow system through self-built, acquisition, and management output strategies[140]. Research and Development - The company is investing 50 million RMB in R&D for new logistics technologies in 2021[18]. - Research and development expenses rose by 22.10% to ¥3,669,268.08, with three out of four key projects completed and implemented during the year[96]. - The number of R&D personnel increased to 48 in 2020, a rise of 77.78% from 27 in 2019, with R&D personnel accounting for 4.60% of the total workforce[100]. - Research and development (R&D) investment amounted to ¥6,921,661.75 in 2020, a decrease of 22.26% from ¥8,903,080.21 in 2019, with R&D expenditure accounting for 0.82% of operating revenue[100]. Operational Capacity and Assets - The company has a total storage tank capacity of 3.2854 million cubic meters and a warehouse area of 42,100 square meters, with 523 operational tanks and 61 tanks under construction[53]. - The company operates self-owned terminals with a maximum berthing capacity of 80,000 tons for its Taicang Yanghong and Changjiang Petrochemical terminals, enhancing its comprehensive storage service capabilities[52]. - The company has a total of 584 storage tanks, with a combined capacity of approximately 2.7495 million cubic meters, demonstrating significant storage scale advantages[53]. - The operational tank capacity increased by 922,100 cubic meters, bringing the total to 2,306,000 cubic meters by the end of the reporting period[74]. - The company completed acquisitions of storage projects along the Yangtze River, significantly enhancing operational capacity and revenue generation[74]. Compliance and Governance - The company has committed to providing truthful, accurate, and complete information during transactions, ensuring no misleading statements or omissions[168]. - The company has maintained strict adherence to its commitments regarding share transfers and management[186]. - The company has reported a strict commitment to compliance with legal and regulatory requirements, with no significant violations or penalties in the last five years[185]. - The company guarantees that the assets involved in the major asset restructuring are free from any encumbrances or legal disputes[182]. - The company has committed to timely disclosure of relevant transaction information to ensure its authenticity and accuracy[168]. Market Trends and Future Outlook - The logistics industry is trending towards park-based and centralized operations, with an expected increase in market concentration due to mergers and alliances[139]. - The petrochemical logistics industry is experiencing stricter regulatory oversight, with expectations for more stringent safety and qualification standards in the future[139]. - The company is committed to achieving significantly better material loss management and operational efficiency compared to industry standards[140]. Safety and Environmental Management - The company emphasizes safety, environmental protection, and health management, adhering to international standards and implementing a strict management system[60]. - In 2020, the company underwent a total of 391 safety and environmental inspections across its storage areas[61]. - The company established a comprehensive HSE management system, achieving multiple certifications including ISO9001, ISO14001, and OHSAS18001[61].