TJKJ(SH:600846)2020-04-29 16:00Financial Performance - In 2019, the company's operating revenue reached ¥6,351,036,402.54, representing a 93.41% increase compared to ¥3,283,799,151.93 in 2018[21] - The net profit attributable to shareholders was ¥607,176,494.68, up 101.56% from ¥301,242,990.63 in the previous year[21] - The company reported a quarterly revenue of RMB 2.29 billion in Q3 2019, with a net profit of RMB 187 million, marking a significant growth compared to previous quarters[23] - The main business revenue was 6.288 billion RMB, up 95.76% year-on-year, while the main business cost increased by 61.09% to 4.257 billion RMB[51] - The company reported an increase in net profit attributable to shareholders due to higher profits from real estate project settlements compared to the previous year[60] - The company achieved operating revenue of 6.351 billion RMB, a year-on-year increase of 93.41%[41] - The net profit attributable to shareholders reached 607 million RMB, reflecting a growth of 101.56% compared to the previous year[41] Cash Flow and Assets - The net cash flow from operating activities was ¥346,309,320.12, a significant decrease of 90.75% compared to ¥3,745,041,684.27 in 2018[21] - The total assets at the end of 2019 were ¥12,152,120,301.84, a slight decrease of 1.46% from ¥12,332,790,251.01 at the end of 2018[21] - The net cash flow from operating activities decreased by 90.75%, primarily due to reduced sales receipts and increased development expenditures[50] - The net cash flow from investment activities improved to ¥3,805.21 million, a significant change from a negative ¥6,241.07 million in the previous year, attributed to reduced investments in environmental projects[64] - The net cash flow from financing activities decreased to -¥79,645.04 million, a reduction from -¥119,000.46 million in the previous year, due to decreased cash payments for debt repayment[64] Shareholder Information - The company plans to distribute a cash dividend of ¥3.4 per 10 shares to all shareholders based on the total share capital as of the dividend record date[5] - The company reported a cash dividend of 1.50 RMB per 10 shares for the 2018 fiscal year, totaling 93,714,227.40 RMB distributed to shareholders[97] - The company's profit distribution policy remains stable, with a net profit distribution rate of 34.98% for 2019[99] - The total number of ordinary shareholders increased from 74,939 to 78,238 during the reporting period, reflecting a growth of approximately 4.3%[145] - The largest shareholder, Tongji Innovation and Entrepreneurship Holdings Co., Ltd., holds 146,051,849 shares, representing 23.38% of total shares[147] Research and Development - The research and development expenditure as a percentage of operating revenue decreased to 0.28%, down 0.23 percentage points from 0.51% in 2018[22] - R&D expenses totaled CNY 1,793.43 million, accounting for 0.28% of total operating revenue[61] - The number of R&D personnel was 117, representing 3.69% of the total workforce[61] - The company has established four technical research centers to promote innovation and collaboration with Tongji University, enhancing its competitive edge[43] Environmental Compliance - The company reported a total COD emission of 90.24 tons with a concentration of 12 mg/L, meeting the GB18918-2002 standard without any exceedance[129] - The company maintained zero exceedance of pollution discharge limits across all subsidiaries listed in the report[130] - The company has established emergency response plans for potential environmental incidents, enhancing its preparedness[135] - The company has obtained all necessary environmental impact assessments and discharge permits for its projects, adhering to regulatory requirements[134] - The company faced environmental penalties totaling RMB 8 million for wastewater discharge violations, with a 20% reduction in fines applied[139] Strategic Expansion - The company aims to enhance its core competitiveness by integrating resources and expanding its influence in the smart city construction and operation industry[32] - The company actively expanded its environmental engineering services, focusing on municipal wastewater treatment and solid waste management, aligning with national policies for environmental protection[29] - In 2019, the company acquired land use rights for a total price of RMB 988.64 million, indicating strategic expansion in real estate development[34] - The company is focusing on upgrading its business model and exploring new business areas in response to market changes and challenges posed by the COVID-19 pandemic[90] Management and Governance - The company has a total of 9 directors and supervisors, with a mix of internal and independent members[153] - The total pre-tax remuneration for the current and departing directors, supervisors, and senior management during the reporting period amounted to 764.22 million CNY[153] - The company underwent a board reshuffle on June 12, 2019, resulting in the departure of several directors and supervisors, including the former chairman Ding Jiemin[164] - The company maintains independence from its controlling shareholder, ensuring autonomous operations and decision-making[171] Operational Performance - The company has strengthened its engineering construction and consulting services, winning significant projects such as the ecological protection and restoration project in the Wuliangsu Lake Basin[42] - The company operates 11 water service companies and 28 sewage treatment plants across several regions, utilizing information technology for remote management and supervision[125] - The company has not experienced any major quality issues in its projects during the reporting period, with all projects passing acceptance on the first attempt[80] - The company has maintained a strong safety record, with no major safety incidents reported during the reporting period[82]