ATLANTIC(SH:600558)2021-04-01 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥3.01 billion, representing an increase of 8.03% compared to ¥2.79 billion in 2019[27]. - Net profit attributable to shareholders for 2020 was approximately ¥105.91 million, a 27.64% increase from ¥82.97 million in 2019[27]. - The basic earnings per share for 2020 was ¥0.118, up 27.71% from ¥0.0924 in 2019[27]. - The net cash flow from operating activities decreased by 30.48% to approximately ¥99.90 million in 2020 from ¥143.69 million in 2019[27]. - The company's total assets at the end of 2020 were approximately ¥3.08 billion, a 1.92% increase from ¥3.02 billion at the end of 2019[27]. - The total profit rose by 46.35% year-on-year, attributed to increased gross profit from product sales and investment income[63]. - The gross profit margin for main business was 14.00%, an increase of 0.59 percentage points from the previous year[81]. - The net profit attributable to the parent company was 105,908,400 CNY, reflecting a 27.64% increase compared to 2019[73]. Dividends and Shareholder Returns - The board of directors proposed a cash dividend of 0.40 RMB per 10 shares, totaling 35.90 million RMB, based on a total share capital of 897,604,831 shares[6]. - The company has implemented a cash dividend policy, distributing CNY 26.93 million to shareholders in 2020, with a dividend of CNY 0.3 per 10 shares[132]. - The company has not proposed a cash profit distribution plan despite having positive net profit available for distribution to ordinary shareholders[136]. Audit and Compliance - The company received a standard unqualified audit report from Sichuan Huaxin (Group) Accounting Firm[5]. - The financial report is guaranteed to be true, accurate, and complete by the responsible persons of the company[5]. - The company operates under the supervision of the China Securities Regulatory Commission and the Shanghai Stock Exchange[12]. - The report includes a detailed description of risk factors that the company may face, which investors should review[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - There are no major litigation or arbitration matters reported for the year[142]. - The company and its controlling shareholders have maintained good integrity, with no significant debts overdue[143]. Market and Product Development - The company has developed over 700 varieties of welding materials, including welding rods, wires, and fluxes, making it one of the largest specialized welding material manufacturers in China[49]. - The company exported products to over 80 countries and regions, including significant projects in Kazakhstan and Pakistan[36]. - The company plans to continue expanding its market presence and product offerings in the welding materials sector[36]. - The company anticipates a growing demand for high-end welding materials as industrialization and technological advancements continue[113]. - The market for automatic and semi-automatic welding is expected to increase, leading to a shift in product structure towards more efficient welding materials[113]. - The company emphasizes the importance of maintaining a strong marketing network to enhance sales and establish competitive advantages[115]. - The company is focused on transforming and upgrading the welding materials industry to meet the needs of automation and green manufacturing[45]. Research and Development - Total R&D investment amounted to CNY 174,983,674.91, representing 5.81% of operating revenue[88]. - Research and development expenses rose by 15.08% to 43,027,908.09 CNY, due to increased investment in R&D materials[86]. - The company launched 9 authorized invention patents, including a bridge steel welding rod, enhancing its technological innovation capabilities[69]. - The company conducted trials and evaluations on 47 new raw material sources, with 19 materials ready for small-scale testing, effectively reducing procurement costs[68]. Environmental Responsibility - The total wastewater discharge amounted to 140,846 tons, with boiler flue gas emissions at 13.36 million standard cubic meters and acid-base mist emissions at 65.86 million standard cubic meters[178]. - The company generated 293.92 tons of hazardous waste, including 278.44 tons of sludge, which were disposed of by qualified third parties[178]. - The company has implemented a complete wastewater treatment system, which operates normally and includes online monitoring systems for environmental compliance[179]. - The company received ISO 14001:2015 environmental management system certification, valid until September 16, 2021[185]. - The company strictly adheres to national and local environmental protection laws and regulations, ensuring the normal operation of pollution prevention facilities[186]. Social Responsibility and Community Engagement - The company has committed to poverty alleviation efforts, ensuring all impoverished households are lifted out of poverty by implementing targeted assistance measures[158]. - A total of 13200 RMB was donated to impoverished households during the Spring Festival, reflecting the company's commitment to social responsibility[160]. - The company provided 1.75 million RMB to support 50 impoverished students, enhancing educational resources in the area[164]. - The company organized a Mid-Autumn Festival visit, delivering mooncakes valued at 4,400 RMB to impoverished families[162]. - The company is committed to continuing poverty alleviation efforts and aligning them with rural revitalization strategies[166]. Shareholding Structure - The total number of common stock shareholders at the end of the reporting period was 38,569, an increase from 37,871 at the end of the previous month[190]. - Sichuan Atlantic Group Co., Ltd. holds 299,554,399 shares, representing 33.37% of total shares, with 50,000,000 shares pledged[193]. - Li Keli increased his holdings by 10,447,275 shares, bringing his total to 20,461,758 shares, which is 2.28% of total shares[193]. - The company reported no changes in the total number of common stock shares and capital structure during the reporting period[189]. - There are no significant changes in the shareholding structure or the company's asset and liability structure during the reporting period[190].