SHIBEI HI-TECH(SH:600604)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥1.20 billion, representing a 10.27% increase compared to ¥1.09 billion in 2019[26]. - Net profit attributable to shareholders decreased by 16.67% to approximately ¥175.83 million in 2020 from ¥210.99 million in 2019[26]. - Basic earnings per share (EPS) fell by 18.18% to ¥0.09 in 2020 from ¥0.11 in 2019[27]. - The weighted average return on equity (ROE) decreased to 2.76% in 2020, down from 3.41% in 2019, reflecting a decline in profitability[27]. - Total assets increased by 4.92% to approximately ¥19.11 billion at the end of 2020, compared to ¥18.21 billion at the end of 2019[26]. - The net assets attributable to shareholders rose by 3.06% to approximately ¥6.47 billion at the end of 2020, up from ¥6.28 billion at the end of 2019[26]. - The company achieved a total revenue of RMB 1.202 billion and a net profit attributable to shareholders of RMB 176 million for the year 2020[44]. - The company's main business income reached ¥1,193,874,019.40, an increase of 10.79% year-on-year, while the main business cost was ¥573,536,305.11, up 7.56%[52]. - The company reported a significant decrease in sales expenses by 87.14%, from ¥3,339,542.94 to ¥429,433.17[51]. - The company's financial expenses increased by 30.07%, rising from ¥222,176,032.55 to ¥288,978,148.37[51]. Cash Dividend Policy - The company plans to distribute a cash dividend of RMB 0.12 per 10 shares, totaling RMB 22,479,657.65 based on a total share capital of 1,873,304,804 shares as of the end of 2020[7]. - The proposed cash dividend for 2020 is RMB 0.12 per 10 shares, totaling RMB 22,479,657.65, which is 12.79% of the net profit[110]. - The cash dividend for 2019 was also RMB 0.12 per 10 shares, amounting to RMB 22,479,657.65, which accounted for 10.65% of the net profit[110]. - The company has a policy to distribute at least 30% of the average distributable profit over three years in cash dividends, subject to certain conditions[107]. - The company’s cash dividend policy is compliant with its articles of association and ensures reasonable returns to investors while considering sustainable development[107]. - The company has maintained a consistent cash dividend distribution for the past three years, with no stock dividends or capital increases proposed[110]. - The independent directors have played a significant role in the dividend decision-making process, ensuring transparency and communication with minority shareholders[107]. - The company’s profit distribution plan for 2020 is pending approval from the annual general meeting[107]. Audit and Compliance - The company received a standard unqualified audit report from Zhongshen Huayuan Accounting Firm for the fiscal year 2020[6]. - The board of directors and senior management have guaranteed the authenticity and completeness of the annual report[4]. - The company has not violated decision-making procedures in providing guarantees[9]. - The company has not experienced any form of fund occupation during the reporting period[121]. - The company has not received any administrative penalties or criminal punishments in the last five years[118]. - The company has made adjustments to its accounting policies in accordance with new regulations issued by the Ministry of Finance, effective from January 1, 2018[121]. - The company has ensured that no major violations or significant misconduct occurred in the last three years[118]. - The company appointed Zhongzheng Hua Certified Public Accountants as the financial audit firm for the fiscal year 2020, with an audit fee of RMB 68 million[124]. Business Strategy and Development - The company aims to become a leading boutique park operator in China, focusing on the development and operation of industrial real estate, investment incubation, and integrated industrial services[38]. - The company is leveraging big data and cloud computing as its industrial foundation, with a strategic goal of establishing a digital transformation demonstration zone in urban areas[38]. - The company has adopted a dual-driven operational model of "real estate + investment," enhancing its investment capabilities while focusing on the construction of innovation centers[39]. - The company emphasizes a management philosophy of "rent and sale coexist, leasing first," to accelerate the construction of a modern industrial system led by the digital economy[38]. - The company aims to ensure steady progress in all business areas to achieve its vision of becoming a hub for China's big data industry[39]. - The company is focused on creating a harmonious environment that integrates production, living, and ecology within the industrial park[41]. - The company is committed to building a comprehensive service provider for the digital intelligence industry, enhancing its competitive edge in the market[97]. - The company plans to enhance its investment attraction efforts in the big data industry during the 14th Five-Year Plan, focusing on creating a functional platform for the entire data lifecycle[100]. Risk Management - The company has detailed the major risks in the report, particularly in the section discussing future development[9]. - The company has identified risks related to macroeconomic policies, competition in the industrial real estate sector, and project development, which could negatively affect future performance[101]. - The company emphasizes a cash dividend policy to ensure reasonable returns to investors while maintaining sustainable development[105]. Corporate Governance - The company maintains an independent operation from its controlling shareholder, ensuring no interference in decision-making or operational activities[189]. - The board of directors operates in accordance with the Company Law and the company's articles of association, ensuring effective governance and decision-making[189]. - The supervisory board effectively monitors the financial status and related party transactions, safeguarding the rights of the company and its shareholders[189]. - The company has established a comprehensive corporate governance structure, complying with relevant laws and regulations[189]. - The company actively engages in investor relations management to enhance transparency and communication with shareholders[189]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 197, with 104 in the parent company and 93 in subsidiaries[182]. - The number of employees with a bachelor's degree or above is 143, representing approximately 72.4% of the total workforce[182]. - The company emphasizes a fair, transparent, and performance-based remuneration policy, linking pay to job responsibilities and performance[183]. - The company aims to enhance employee performance through targeted training and career development plans[186]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 3.8045 million (pre-tax)[179]. Community Engagement - The company actively participated in poverty alleviation efforts, contributing RMB 1.706 million to support local infrastructure and development projects in impoverished areas[142]. - The company has established partnerships with three villages in Chongming District to enhance local development and infrastructure[141]. - The company has committed to continuing its poverty alleviation initiatives, focusing on industry support, employment assistance, and educational aid[143].