Company Overview - The registered capital of Tianjin TEDA Biomedical Engineering Company Limited is RMB 189.045 million[6]. - Tianjin TEDA Biomedical Engineering Company Limited was officially listed on the GEM of the Hong Kong Stock Exchange on June 18, 2002[6]. - The company operates in two main business areas: bio-composite fertilizers and elderly care services, focusing on the needs of disabled and cognitively impaired individuals[6]. - The group structure includes multiple subsidiaries dedicated to various aspects of biomedical engineering and elderly care services[8]. Financial Performance - Revenue for 2020 was RMB 369,355 thousand, showing a slight increase from RMB 358,752 thousand in 2019[13]. - Gross profit for 2020 was RMB 40,392 thousand, with a gross margin of 10.94%, up from 9.75% in 2019[13]. - The company reported a loss attributable to shareholders of RMB 47,998 thousand in 2020, an improvement from a loss of RMB 84,622 thousand in 2019[13]. - Total assets as of December 31, 2020, were RMB 392,919 thousand, compared to RMB 361,913 thousand in 2019[13]. - Total liabilities increased to RMB 237,775 thousand in 2020 from RMB 156,406 thousand in 2019[13]. - The company's revenue for the year ended December 31, 2020, was RMB 369,355,184, representing a year-on-year increase of 2.96%[20]. - The comprehensive gross profit margin increased by 11.79% to RMB 40,391,685 compared to the previous year[20]. - The loss attributable to shareholders was RMB 47,998,435, with a loss per share of RMB 2.53, a decrease of 43.40% from the previous year's loss per share of RMB 4.47[20]. Business Operations - The bio-composite fertilizer business includes a range of products aimed at promoting balanced growth of various crops[6]. - The company has completed acquisitions to utilize exclusive EEG quantitative detection technology for diagnosing neurological and psychological disorders[6]. - The company is expanding its elderly care services across the country, integrating resources and providing management and consulting services[6]. - The company is also involved in health food research and development through its subsidiary Tianjin Alpha Health Products Co., Ltd.[8]. - The company has initiated an intelligent upgrade of manufacturing processes, enhancing production efficiency and reducing energy consumption[16]. - The company plans to expand its rental business for rehabilitation aids, capitalizing on government policies promoting this sector[16]. - The company aims to enhance its service quality in elderly care through standardized service systems and operational management[16]. - The company is focusing on product structure adjustments and manufacturing process upgrades to promote sustainable development in its compound fertilizer business[26]. - The company aims to improve the efficiency of fertilizer use and promote the development of specialized fertilizers to meet changing market demands[21]. Environmental and Social Responsibility - The company has established comprehensive waste management practices, achieving full utilization of solid waste generated[141]. - The company adheres to strict emission standards, including air quality standards of ≤20 mg/m³ for particulate matter and ≤100 mg/m³ for SO2[143]. - The company has eliminated hazardous waste management status due to low generation of hazardous waste and internal recycling practices[143]. - The company integrates environmental, social, and governance (ESG) responsibilities into its core business operations[137]. - The company has implemented a corporate social responsibility strategy focusing on employee rights, consumer care, environmental protection, and social responsibility[137]. Governance and Compliance - The company emphasizes the importance of accurate and complete information in its financial reporting and corporate governance[2]. - The board of directors includes three executive directors, three non-executive directors, and two independent non-executive directors, maintaining a balanced governance structure[66]. - The company has a strong governance structure with experienced independent directors, enhancing its oversight capabilities[84]. - The audit committee held six meetings during the fiscal year to review the financial reporting procedures and the effectiveness of internal controls[94]. - The company has complied with all provisions of the corporate governance code except for one specific provision during the review year[100]. - The company emphasizes high transparency and timely disclosure of relevant information to shareholders through various formal communication channels[136]. Employee Management - The total number of employees is 390, with 75% male and 25% female[190]. - Employee turnover rate is 14.9%, with a breakdown of 10.5% for male and 4.4% for female employees[193]. - The company emphasizes occupational health and safety, providing safety training and regular health check-ups for employees[197]. - The total training hours for the year amounted to 1,736 hours, with 103 employees participating in various training programs[198]. - The average training hours per employee was 4.5 hours, with a training participation rate of 26%[199]. Market and Product Development - The fertilizer industry is undergoing unprecedented innovation, with new formulations and technologies emerging, presenting opportunities for integration and development[21]. - The company has successfully developed eight new series of fertilizers, including water-soluble fertilizers and microbial fertilizers, to enhance product targeting and effectiveness[48]. - The company plans to adopt new marketing strategies to actively promote its new fertilizer series, aiming for sustainable and healthy development of its compound fertilizer business[48]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[70].
泰达生物(08189) - 2020 - 年度财报