JIANGSU SAINTY(SH:600287)2021-04-15 16:00Financial Performance - In 2020, the total profit amounted to CNY 179,627,103.21, with a net profit of CNY 149,335,806.93, reflecting a significant decrease compared to the previous year[7]. - The company's operating revenue for 2020 was CNY 4,378,079,123.30, a decrease of 5.27% from CNY 4,621,763,768.41 in 2019[24]. - The net profit attributable to shareholders decreased by 38.96% to CNY 162,971,340.43 from CNY 267,010,317.14 in 2019[24]. - The basic earnings per share dropped to CNY 0.3731, down 38.96% from CNY 0.6113 in 2019[25]. - The cash flow from operating activities showed a significant decline, with a net cash flow of CNY 46,230,595.91, down 79.00% from CNY 220,155,326.64 in 2019[24]. - The company reported a decrease in the weighted average return on net assets to 6.67%, down 5.71 percentage points from 12.38% in 2019[25]. - The company’s net profit after deducting non-recurring gains and losses was CNY 65,397,943.75, a slight increase of 0.49% from CNY 65,077,947.13 in 2019[24]. - The total profit for 2020 was 263 million yuan, down 35.08% year-on-year, while the net profit attributable to shareholders was 163 million yuan, a decrease of 38.96%[51]. - The company reported a net profit impact of 192.87 million yuan from the disposal of Huazhong Securities stock in the previous year, compared to 80.24 million yuan in the current year[51]. Asset and Liability Management - The company's total assets increased by 15.50% to CNY 5,976,579,987.94 at the end of 2020, compared to CNY 5,174,448,925.40 at the end of 2019[24]. - The net assets attributable to shareholders rose by 15.75% to CNY 2,625,370,207.60 from CNY 2,268,132,381.05 in 2019[24]. - The company's total liabilities increased, with accounts payable rising by 88.72% to 1.72 billion yuan, reflecting increased use of bank acceptance bills for business settlements[86]. - The company maintained a low asset-liability ratio and established strong relationships with financial institutions, ensuring flexible and low-cost financing channels[44]. Market and Business Strategy - The company aims to enhance its market share in the domestic seafood market by establishing stable sales channels and partnerships with international suppliers[37]. - The company is focusing on developing new markets through differentiated and specialized business strategies, particularly in chemical products and nuclear materials[34]. - The company successfully expanded its business into new markets, including high-end seafood and quality liquor, establishing strategic partnerships with large state-owned enterprises and international firms[55]. - The company plans to leverage its position as a listed entity to identify high-tech investment opportunities in niche markets[34]. - The company will deepen its integration into the domestic and international dual circulation development pattern, actively expanding the domestic market while optimizing its traditional business[110]. Risk Management and Compliance - The company established a comprehensive risk management system, integrating business, financial, and legal risk controls to enhance operational resilience[58]. - The company aims to enhance internal controls and risk management to better align with business needs[67]. - The company has implemented a cash dividend policy, distributing a total of 39,311,646.66 RMB in cash dividends for the 2019 fiscal year[132]. - The company has maintained compliance with court judgments and has no significant debts due that remain unpaid[143]. - The company has established a risk assessment and early warning mechanism centered on customer needs, enhancing risk control at the business front[189]. Social Responsibility and Community Engagement - The company actively participated in poverty alleviation efforts, signing a strategic cooperation framework agreement in October 2020 to support economically weak regions[154]. - The company organized two blood donation events and donation activities during the pandemic, demonstrating its commitment to social responsibility[157]. - The company reported a total of 10.46 million RMB in material donations as part of its poverty alleviation efforts[156]. Human Resources and Talent Development - The company implemented a talent development strategy, enhancing its workforce's capabilities and establishing a stock incentive plan to boost employee motivation[56][57]. - The company has strengthened its training programs for key personnel, focusing on market and sales training to enhance team cohesion and development awareness[185]. - The company employs a total of 1,954 staff, including 159 in the parent company and 1,795 in major subsidiaries[183]. - The professional composition of employees includes 1,072 production personnel, 395 sales personnel, 226 technical personnel, 68 financial personnel, and 193 administrative personnel[183]. Governance and Management Structure - The company has established a comprehensive corporate governance structure and internal control system in compliance with relevant laws and regulations[200]. - The governance structure of the company ensures clear responsibilities and effective checks and balances, safeguarding the interests of the company and its investors[189]. - The board of directors held a total of 7 meetings during the year, with 4 conducted in person and 3 via communication methods[191]. - The company has a diverse board with members holding various academic and professional qualifications, enhancing governance[179].