HXSS(SH:600477)2020-04-10 16:00Financial Performance - The company's operating revenue for 2019 was CNY 6,633,068,516.72, representing a year-on-year increase of 7.26% compared to CNY 6,184,367,291.09 in 2018[27]. - The net profit attributable to shareholders of the listed company decreased by 17.44% to CNY 468,916,731.25 in 2019 from CNY 567,992,334.37 in 2018[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 324,762,446.57, down 40.17% from CNY 542,780,472.71 in 2018[27]. - The company's total assets increased by 11.09% to CNY 8,782,703,984.22 at the end of 2019, compared to CNY 7,905,740,747.02 at the end of 2018[27]. - The basic earnings per share for 2019 was CNY 0.218, a decrease of 17.74% from CNY 0.265 in 2018[29]. - The weighted average return on net assets decreased by 10.18 percentage points to 14.31% in 2019 from 24.49% in 2018[29]. - The net cash flow from operating activities showed a significant decline of 78.23%, resulting in a negative cash flow of CNY 651,921,544.86 in 2019[27]. - The company achieved total revenue of CNY 6,633,068,516.72 in 2019, representing a year-on-year increase of 7.26%[79]. - Total profit decreased by 19.20% to CNY 54,676.77 million, with net profit attributable to shareholders declining by 17.44% to CNY 46,891.67 million[76]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 215,373,741.10 RMB (including tax) based on a total share capital of 2,153,737,411 shares[7]. - The company did not distribute any stock dividends in 2019 but paid a cash dividend of RMB 1 per share, amounting to RMB 215,373,741.10, representing 45.93% of the net profit attributable to shareholders[141]. - The company reported a cash dividend of RMB 1 per share (including tax) for 2018, totaling RMB 537,203,995.5, with a net profit attributable to shareholders of RMB 468,916,731.25 for the same year[140]. - The company distributed dividends of 215.37 million yuan to common shareholders during the reporting period, with a cumulative dividend of 628.09 million yuan over the past three years[185]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[6]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders and their related parties[9]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[5]. - The company has retained Da Hua Certified Public Accountants for 17 years, with an annual audit fee of 850,000 RMB and an internal control audit fee of 600,000 RMB for the reporting period[148]. Business Operations and Strategy - The company has been focusing on promoting green building and construction, aiming to lead the industry towards sustainable practices[38]. - The company established a new business model centered around patented technology and management methods to enhance operational efficiency and service delivery[39]. - The company specializes in producing green, eco-friendly, and energy-efficient building materials, including CCA boards and TD boards, with a focus on steel structure buildings[42]. - The company has established a technology subsidiary to enhance its integrated service capabilities in the green building industry, utilizing TOC management theory for production efficiency[42]. - The company has been recognized as the only steel structure enterprise in the Xinhua News Agency's national brand project, enhancing its brand visibility domestically and globally[48]. - The company has completed over 500 steel structure buildings and has developed more than 5 million square meters of steel structure residential projects[51]. - The company has established a comprehensive supply chain with 10 subsidiaries and 64 invested companies, enhancing its operational capabilities[51]. - The company is positioned to benefit from the increasing government support for prefabricated steel structure housing, which is expected to accelerate industry growth[45]. - The company aims to reshape the construction industry value chain using new technologies such as big data and cloud computing, with a registered capital of 1 billion yuan for its subsidiary, Wanjun Green Building[62]. Research and Development - The company has over 300 design and R&D personnel, with more than 200 holding advanced degrees and titles, strengthening its technical and innovative capabilities[55]. - The company has established the Hangxiao Industrialized Green Building Research Institute, which has been recognized as a provincial enterprise research institute, enhancing its research and development strength[56]. - The company has participated in several key national R&D projects, contributing significantly to the development of the steel structure construction industry[58]. - The company has published over 50 national and industry standards and holds more than 400 national patents, reinforcing its competitive edge in the steel structure sector[59]. - The company plans to continue increasing R&D investment to maintain its industry-leading position and competitive advantage in the market[61]. - Research and development expenses rose by 30.28% to CNY 252,394,354.38[79]. Legal Matters - The company is currently involved in a major lawsuit regarding a construction contract dispute with Baotou Guorui Carbon Valley Co., Ltd., which is in the execution phase following a first-instance judgment[149]. - The company has initiated legal proceedings against Tianjin Gaosheng Real Estate Development Co., Ltd. for a total claim of 1,231.68 million RMB, which includes overdue payment penalties[156]. - The company is also engaged in a construction contract dispute with Xinjiang Tiansheng Industrial Co., Ltd., which is undergoing bankruptcy reorganization, with ordinary debts being repaid at a rate of 1.34%[156]. - A construction contract dispute with Akto County Jingyuan Real Estate Co., Ltd. has resulted in an outstanding payment of 1,143.30 million RMB, with ongoing mediation efforts[156]. - The company has a pending claim of 13.548532 million from Yunnan Boxin Real Estate, with a civil mediation agreement currently in progress[158]. Employee and Community Engagement - The company has cumulatively contributed over 10 million yuan to various poverty alleviation and charitable activities since 2015[191]. - The company established an education fund that donated 600,000 yuan annually for educational support, with an additional donation of 300,000 yuan in 2019[191]. - The company conducted 31 training sessions during the reporting period, with a total of 4,682 participants, emphasizing employee skill enhancement[187]. - The company has 877 R&D personnel, making up 19.38% of the total workforce[8]. - As of December 31, 2019, the company had a total of 5,502 employees, with 48.49% holding a college degree or higher[186]. Environmental and Safety Management - The company achieved a total VOCs emission of 44.08 tons per year, which is within the regulatory limit of 46.3672 tons per year[195]. - The company has implemented a comprehensive safety management system to ensure employee health and safety[186]. - The company has developed an emergency response plan for environmental incidents, which has been approved by experts and filed with the relevant authorities[198]. - All environmental treatment equipment is operating stably, and pollutant indicators are meeting discharge standards as verified by third-party testing[196].