DZUG(SH:600635)2021-03-30 16:00Financial Performance - In 2020, the company achieved a net profit attributable to the parent company of ¥515,231,416.65, with a tax-adjusted profit of ¥198,846,991.28[7]. - The company's operating revenue for 2020 was approximately ¥4.78 billion, a decrease of 12.39% compared to ¥5.46 billion in 2019[26]. - The net profit attributable to shareholders for 2020 was approximately ¥515.23 million, down 2.14% from ¥526.47 million in 2019[26]. - The net profit after deducting non-recurring gains and losses decreased by 60.12% to approximately ¥165.62 million from ¥415.28 million in 2019[26]. - The net cash flow from operating activities dropped by 81.20% to approximately ¥229.07 million, compared to ¥1.22 billion in 2019[26]. - The total assets at the end of 2020 were approximately ¥23.62 billion, an increase of 4.68% from ¥22.57 billion at the end of 2019[26]. - The net assets attributable to shareholders increased by 7.20% to approximately ¥8.64 billion from ¥8.06 billion at the end of 2019[26]. - The basic earnings per share for 2020 was ¥0.1745, a decrease of 2.14% from ¥0.1783 in 2019[26]. - The weighted average return on net assets for 2020 was 6.23%, down 0.55 percentage points from 6.78% in 2019[26]. - The company reported a significant decrease in investment income from equity method companies, which fell by approximately ¥161.38 million compared to the previous year[26]. Dividend Distribution - The proposed cash dividend distribution is ¥0.55 per 10 shares, totaling ¥162,383,907.13, based on a total share capital of 2,952,434,675 shares[7]. - In 2020, the company distributed a cash dividend of 0.60 yuan per 10 shares, totaling 177,146,080.50 yuan, which was 31.52% of the net profit attributable to ordinary shareholders[128][129]. Risk Management - The company has no significant risk events during the reporting period and has detailed potential risks and countermeasures in the report[9]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact its operations and financial performance[125]. - The company is exposed to pricing policy risks in public utility sectors, which could affect profitability due to government regulations[125]. - The company monitors foreign exchange risks due to part of its funds being held in USD, which may lead to exchange losses[125]. Audit and Compliance - The company has a legal obligation to ensure the accuracy and completeness of the annual report, with all board members present at the meeting[4][5]. - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company has no violations of decision-making procedures for external guarantees[9]. - The company has a robust governance structure, continuously improving its internal control systems and adhering to relevant laws and regulations[57]. Investment and Growth Strategy - The company is actively investing in the natural gas sector, anticipating growth due to market reforms and increased urban gasification rates[41]. - The environmental protection industry is seen as a strategic opportunity, with the company positioned to benefit from favorable policies and a shift towards high-quality development[47]. - The company plans to enhance project management and operational efficiency to improve profitability across its infrastructure investments[44]. - The company aims to leverage its comprehensive capabilities in investment, construction, and operation to gain a competitive edge in municipal engineering and public service facilities[116]. Financial Assets and Investments - The company's trading financial assets increased from ¥121.42 million to ¥626.84 million, with a change of ¥505.42 million impacting profits by ¥251.84 thousand[36]. - Other debt investments decreased significantly from ¥366.19 million to ¥36.59 thousand, resulting in a change of -¥366.16 million, contributing ¥18.67 million to profits[36]. - The total non-current financial assets rose from ¥1.52 billion to ¥3.76 billion, with a change of ¥2.24 billion, affecting profits by ¥466.94 million[36]. - The company has entrusted its own funds of RMB 886 million in bank wealth management products, with an outstanding balance of RMB 180 million[157]. Environmental Compliance - The company adheres to the Class A discharge standards for wastewater treatment, ensuring compliance with environmental regulations[176]. - The maximum allowable discharge concentrations for key pollutants are set according to the Class A standards, including COD and BOD at 50 mg/L and 10 mg/L respectively[176]. - The company has established a comprehensive emergency response plan for environmental incidents, conducting regular drills to enhance response capabilities[181]. - The company emphasizes meeting discharge standards as a critical operational principle, viewing project development as a key growth strategy[180]. Shareholder Information - The total number of ordinary shareholders reached 176,897 by the end of the reporting period, an increase from 172,245 at the end of the previous month[189]. - The largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 533,540,000 shares, representing 18.07% of total shares[191]. - Shanghai Dazhong Enterprise Management Co., Ltd. holds 495,143,859 shares, accounting for 16.77% of total shares, with 307,000,000 shares pledged[191]. Management and Remuneration - The total pre-tax remuneration for the chairman during the reporting period was 2.75 million yuan[200]. - The total pre-tax remuneration for the president during the reporting period was 2.457 million yuan[200]. - The total pre-tax remuneration for the vice president during the reporting period was 2.0146 million yuan[200]. - The total pre-tax remuneration for the independent directors during the reporting period was 0.15 million yuan each[200].