C&D INC.(SH:600153)2021-04-19 16:00Financial Performance - The net profit attributable to shareholders of the parent company for 2020 was CNY 4,503,869,024.59, while the net profit for the parent company was CNY 1,288,359,786.85[4]. - The proposed cash dividend for 2020 is CNY 5 per 10 shares, totaling CNY 1,431,776,265.00 to be distributed to all shareholders[4]. - The retained earnings of the parent company at the end of 2020 amounted to CNY 2,417,534,927.17 after accounting for the statutory surplus reserve and previous undistributed profits[4]. - The company's operating revenue for 2020 was approximately ¥432.95 billion, representing a year-on-year increase of 28.38% compared to ¥337.24 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥4.50 billion, a decrease of 5.39% from ¥4.76 billion in 2019[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥3.78 billion, down 10.76% from ¥4.24 billion in 2019[16]. - The company's total assets at the end of 2020 reached approximately ¥387.16 billion, an increase of 29.82% from ¥298.22 billion at the end of 2019[16]. - The basic earnings per share for 2020 was ¥1.59, a decrease of 5.36% from ¥1.68 in 2019[17]. - The weighted average return on equity for 2020 was 13.01%, down 2.85 percentage points from 15.86% in 2019[17]. Supply Chain Operations - The company reported a total operating income of approximately ¥43.29 billion for the supply chain operation segment in 2020, compared to ¥33.72 billion in 2019[21]. - The net profit for the supply chain operation segment in 2020 was approximately ¥450.39 million, an increase from ¥476.03 million in 2019[21]. - The company generated CNY 384,132,657.16 in financial fees from subsidiaries, up from CNY 238,006,349.67 in 2019, indicating a growth of approximately 61.5%[25]. - The company aims to enhance its global supply chain operations by providing differentiated services tailored to various industries, thereby improving its market position[34]. - The company’s supply chain service system, known as "LIFT," integrates logistics, information, finance, and trading to offer customized solutions[29]. Real Estate Development - Xiamen Jianfa Co., Ltd. aims to become a leading real estate operator in China, with its subsidiary Jianfa Real Estate ranked 36th among the top 50 real estate developers in China in 2021[37]. - In 2020, the total sales area of commercial housing in China reached 1,760.86 million square meters, a year-on-year increase of 2.6%, while the sales revenue was 1,736.13 billion yuan, up 8.7% year-on-year[42]. - The investment in real estate development in China for 2020 was 1,414.43 billion yuan, representing a year-on-year increase of 7.0%[42]. - The company’s real estate business achieved a revenue of RMB 82.415 billion, representing a year-on-year growth of 65.52%[60]. - The total contract sales amount for subsidiaries Jianfa Real Estate and Lianfa Group reached RMB 137.93 billion, a year-on-year increase of 38.62%[60]. Market Expansion and Strategy - The company has established business relationships in over 170 countries and regions, expanding its product categories across various sectors including metals, paper products, and agricultural products[33]. - The company plans to continue leveraging its global supply chain platform to enhance operational efficiency and reduce costs for clients[34]. - The company is actively expanding into key urban clusters, having entered over 40 cities including major first and second-tier cities[50]. - The company is focusing on residential and commercial developments, with a diverse portfolio that includes mixed-use projects across different regions[90]. Risk Management - The company’s risk management strategy focuses on price, credit, ownership, and exchange rate risks, which are critical for maintaining healthy supply chain operations[36]. - The company has established a comprehensive risk management system to address price risks associated with commodity price fluctuations[158]. - The company is actively managing credit risk by implementing a strict credit approval process and utilizing export and domestic credit insurance[159]. - The company is addressing currency risk through centralized management and the use of derivative financial instruments to hedge against exchange rate fluctuations[162]. Corporate Governance and Compliance - The company appointed Rongcheng Accounting Firm as the auditor for the 2020 financial report, with an audit fee of 5.63 million RMB[178]. - The company has no major litigation or arbitration matters during the reporting period[180]. - The company has no bankruptcy reorganization matters during the reporting period[180]. - The company has no penalties or rectification situations involving its directors, supervisors, senior management, or controlling shareholders during the reporting period[181]. Social Responsibility - The company donated a total of 500,000 RMB to support poverty alleviation efforts in four villages in Gansu Province in 2020[199]. - The company established a partnership with two villages in Xiamen, donating 200,000 RMB to assist in developing local economies[199]. - The company plans to continue its active response to national poverty alleviation initiatives and fulfill its social responsibilities[200].