HBSXNBM(SH:600293)2021-04-28 16:00Financial Performance - In 2020, the company reported a net profit of -2,064,777,371.69 RMB, resulting in a cumulative profit available for distribution to shareholders of -1,456,595,229.73 RMB[5]. - The company's operating revenue for 2020 was 2,577,683,736.40 RMB, a decrease of 18.98% compared to 3,181,543,686.68 RMB in 2019[19]. - The net profit for 2020 was CNY -20.65 billion, representing a year-on-year decline of 19176.69%[38]. - The company reported a comprehensive loss of CNY -2,081,837,308.26 for 2020, compared to a comprehensive income of CNY 25,292,411.85 in 2019[161]. - The basic earnings per share for 2020 was -1.78 RMB, a significant decline from 0.0093 RMB in 2019[20]. - The net profit attributable to shareholders was a loss of CNY 207.21 million in Q1, CNY 436.22 million in Q2, a profit of CNY 52.42 million in Q3, and a significant loss of CNY 1.47 billion in Q4[22]. Assets and Liabilities - The total assets of the company decreased by 31.71% to 4,690,962,714.89 RMB at the end of 2020, compared to 6,868,928,288.31 RMB in 2019[19]. - The net assets attributable to shareholders decreased by 52.66% to 1,856,548,222.28 RMB at the end of 2020, down from 3,921,878,580.04 RMB in 2019[19]. - Current assets at the end of the reporting period amounted to ¥1,960,674,421.95, accounting for 41.80% of total assets, a decrease of 30.84% from the previous period[47]. - Total liabilities decreased from ¥2,845,988,485.52 in 2019 to ¥2,680,342,805.61 in 2020, a decline of about 5.8%[153]. - The company’s total equity at the end of the reporting period was ¥2,010,619,909.28, down 50.02% from the previous period due to significant provisions for bad debts and asset impairments[47]. Cash Flow - The net cash flow from operating activities was 284,157,582.38 RMB, down 18.81% from 349,970,065.10 RMB in 2019[19]. - Cash flow from operating activities showed a net inflow of RMB 176,331,471.48, a decrease of 12.7% compared to RMB 201,937,332.06 in 2019[168]. - Cash flow from investing activities showed a net outflow of CNY -162,369,051.57, compared to a smaller outflow of CNY -52,565,791.37 in 2019[166]. - Cash inflow from financing activities was RMB 704,550,000.00, an increase of 7.9% from RMB 653,000,000.00 in 2019[168]. Research and Development - Research and development expenses increased by 206.57% to CNY 71.12 million, reflecting a focus on enhancing core competitiveness[39]. - The company invested ¥58,749,300 in R&D, focusing on high-quality development of float glass, with 14 related projects yielding significant social and economic benefits[45]. - The company is focusing on the development of new materials and technologies in the construction sector, aiming to enhance its competitive edge in the market[25]. Market Outlook - The company anticipates a stable demand environment for flat glass in 2021, with sales prices expected to remain high, enhancing profitability despite rising costs due to environmental regulations[26]. - The mobile internet terminal business is expected to expand significantly with advancements in AI, big data, and 5G technology, creating broader market opportunities[28]. - The company plans to increase flat glass production to 23 million heavy boxes, a year-on-year increase of 2.927 million heavy boxes, with a first-class product rate of 91.3%, up by 1 percentage point[57]. Environmental and Social Responsibility - The company invested CNY 70.74 million in environmental technology upgrades, with CNY 51.70 million allocated for new deep treatment systems[36]. - Environmental investments for 2020 reached 117 million, with approximately 40 million allocated for environmental consumption and over 70 million for environmental technical upgrades[87]. - A total of 14 million was invested in targeted poverty alleviation efforts, focusing on rural construction and agricultural industrialization in specific villages[82]. Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has detailed risk factors related to its future development in the report[6]. - The company has appointed Zhongzheng Zhonghuan Accounting Firm for the 2020 financial report audit with a remuneration of RMB 1.3 million, and for internal control audit with RMB 600,000[68]. Legal Matters - The company is currently involved in significant litigation, including a dispute with Huarong Securities involving RMB 331.91 million and another with Haitong International involving RMB 421.54 million[71]. - The company has ongoing litigation with various amounts claimed, including 5,679,686.25 and 5,743,333.33 in financial loan disputes[73]. Shareholder Information - The largest shareholder, Xu Xizhong, holds 207,387,072 shares, representing 17.88% of the total shares[105]. - The total number of ordinary shareholders increased from 40,120 to 43,060 during the reporting period[102]. - The company has no controlling shareholder, with Xu Xizhong being the actual controller[106].