NXBM(SH:600449)2020-03-20 16:00Financial Performance - The company's operating revenue for 2019 was CNY 4,790,467,584.86, representing a 14.79% increase compared to CNY 4,173,075,725.21 in 2018[20] - The net profit attributable to shareholders of the listed company reached CNY 768,900,135.04, a significant increase of 79.53% from CNY 428,273,870.61 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 651,813,767.87, up 58.37% from CNY 411,589,062.59 in 2018[20] - The net cash flow from operating activities was CNY 988,006,549.36, an increase of 85.43% compared to CNY 532,825,810.73 in 2018[20] - Basic earnings per share rose by 78.89% to ¥1.61 in 2019 compared to ¥0.90 in 2018[24] - The diluted earnings per share also increased by 78.89% to ¥1.61 in 2019, consistent with the basic earnings per share[24] - Operating profit rose by 73.32% to 987.47 million RMB, attributed to increased revenue and effective cost control[43] - The net cash flow from operating activities increased by 85.43% to 988.01 million RMB, primarily due to increased cash receipts from product sales[43] Dividend Distribution - The company plans to distribute a cash dividend of CNY 5.10 per 10 shares, totaling CNY 243,872,331.42, which accounts for 31.72% of the net profit for the year[5] - In 2019, the company distributed a cash dividend of 5.1 RMB per 10 shares, totaling 243,872,331.42 RMB, which represents 31.72% of the net profit attributable to ordinary shareholders[107] - The cash dividend in 2018 was 3.0 RMB per 10 shares, amounting to 143,454,312.60 RMB, accounting for 33.50% of the net profit attributable to ordinary shareholders[107] - The cash dividend in 2017 was 2.2 RMB per 10 shares, totaling 105,199,829.24 RMB, which is 31.19% of the net profit attributable to ordinary shareholders[107] Market Position and Operations - The company primarily engages in the manufacturing and sales of cement, cement clinker, ready-mixed concrete, and aggregates, focusing on infrastructure and real estate construction[31] - The company holds nearly 50% market share in the Ningxia cement market, being a leading enterprise in the region with significant competitive advantages in asset scale, management, technology, quality, and brand[35] - In 2019, the company implemented "three precision management" to enhance operational quality and successfully completed its annual business objectives despite economic downturns and supply-demand imbalances[36] - The company is actively expanding its ready-mixed concrete and aggregate business, aiming to increase market share in oil well cement and sulfur-resistant cement[37] - The company focuses on consolidating core markets and key engineering projects while exploring the civilian market to strengthen regional market share[31] Production and Sales - The company sold 14.31 million tons of cement, an increase of 7.96% year-on-year, and achieved a revenue of 4.79 billion RMB, up 14.79% year-on-year[40] - The company produced 12.59 million tons of clinker, a year-on-year increase of 16.58%, and 14.35 million tons of cement, up 8.57%[40] - The aggregate sales volume was 750.47 million tons, reflecting a significant increase of 69.65% compared to the previous year[49] Financial Health and Investments - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4] - The company reduced financial expenses by 48.04% to 19.65 million RMB, due to the repayment of maturing corporate bonds and a decrease in interest-bearing liabilities[40] - The company has no outstanding guarantees or loans to third parties, ensuring a stable financial position[143] Environmental and Social Responsibility - The company is committed to energy conservation, emission reduction, and technological upgrades to enhance operational efficiency and sustainability[39] - The company has established a targeted poverty alleviation plan, contributing to local community development and support[147] - The company has actively engaged in environmental protection and resource conservation as part of its corporate social responsibility strategy[151] - The company has a total of 34 emission outlets for major pollutants including dust, sulfur dioxide, and nitrogen oxides, with actual emissions of 569.57 tons for dust, 491.87 tons for sulfur dioxide, and 5889.79 tons for nitrogen oxides in 2019, all within the permitted limits[152] Corporate Governance - The company has maintained its total ordinary share capital structure without any changes during the reporting period[163] - The total number of common stock shareholders at the end of the reporting period was 30,999[166] - The largest shareholder, China National Materials Group Corporation, holds 227,413,294 shares, representing 47.56% of total shares[166] - The company has a total of 12 directors, supervisors, and senior management personnel[189] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards and effective decision-making[197] Research and Development - The company has ongoing technical research and development in new building materials and related products[169] - The company capitalized ¥6.61 million in research and development costs, which accounted for 71.23% of total R&D expenditures[54] - Research and development expenses amounted to ¥2.67 million, with a year-on-year decrease of 15.16%[53] Related Party Transactions - The company will strictly control related party transactions, ensuring fairness and compliance with market pricing principles to protect the rights of minority shareholders[116] - The expected total for related party transactions in 2020 is CNY 382.75 million, including CNY 71.73 million for equipment purchases and CNY 219.56 million for cement sales[136]