SHLG(SH:600848)2021-04-13 16:00Dividend and Capital Structure - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling approximately RMB 631 million[4]. - The company intends to increase its capital stock by 2 shares for every 10 shares held, using capital reserves[4]. - The company plans to increase its capital reserve by converting capital surplus into share capital, proposing a bonus share distribution of 2 shares for every 10 shares held[65]. Financial Performance - The company's operating revenue for 2020 was approximately CNY 3.93 billion, a slight decrease from CNY 3.95 billion in 2019[16]. - Net profit attributable to shareholders for 2020 was CNY 1.41 billion, an increase of 5% compared to CNY 1.35 billion in 2019[16]. - The net profit after deducting non-recurring gains and losses was CNY 1.11 billion, significantly higher than CNY 257 million in 2019[16]. - The company's total assets at the end of 2020 reached CNY 41.81 billion, up from CNY 37.78 billion in 2019[16]. - Basic earnings per share for 2020 were CNY 0.67, down 5.63% from CNY 0.71 in 2019[17]. - The weighted average return on net assets for 2020 was 10.08%, a decrease of 3.64 percentage points from 2019[17]. - The company reported a net cash flow from operating activities of CNY -853 million in 2020, an improvement from CNY -4.81 billion in 2019[16]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3]. - The board of directors and management have confirmed the accuracy and completeness of the annual report[2]. - All directors attended the board meeting, ensuring collective responsibility for the report[3]. - The company has not violated decision-making procedures for external guarantees[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[5]. Operational Risks and Strategies - The company has outlined potential risks in its operational analysis section, urging investors to pay attention[6]. - The company acknowledges potential risks in industrial investment and project development, including investment decision risks and project approval uncertainties, and is committed to optimizing its investment management system[64]. - The company aims to strengthen risk control and dynamic management of project development processes to mitigate potential impacts on future operational performance[64]. Market and Development Initiatives - The company focuses on park development and operation services, aiming to integrate industry and city development, with a mission to drive technological innovation and regional transformation[23]. - The company is actively involved in the Shanghai Free Trade Zone and the Yangtze River Delta integration strategy, positioning itself in key urban development areas[24]. - The company achieved cost reduction and profit creation through various financial operations, ensuring optimal financing conditions and maintaining a stable debt ratio[26]. - The company plans to adopt a "one body, two wings" development structure, focusing on park development while expanding industrial investment and supporting services[62]. Shareholder Structure and Governance - The company has not disclosed any significant changes in shareholder structure during the reporting period[7]. - The company guarantees that it will not engage in non-operational related party transactions that could harm its subsidiaries' financial management[70]. - The company committed to maintaining independence in personnel, assets, finance, operations, and governance, ensuring no interference from controlling shareholders[70]. Employee and Management Information - The total remuneration paid to all directors, supervisors, and senior management during the reporting period amounted to 15.36 million yuan (pre-tax)[122]. - The company employed a total of 604 staff, including 253 sales personnel, 137 technical personnel, 84 financial personnel, and 130 administrative personnel[124]. - The company has established a comprehensive salary and welfare system linked to overall performance, ensuring fair and reasonable compensation based on employee roles and performance[126]. Financial Management and Investments - The company reported a total of 50,000 shares held by Chairman Yuan Guohua at the end of the year, an increase of 50,000 shares from the beginning of the year[113]. - The company has provided financial assistance of up to RMB 5 billion from its actual controller, Lingang Group, to support working capital and project construction[86]. - The company reported a significant increase in investment income from trading financial assets, amounting to ¥41.86 million[21]. Future Outlook and Growth Projections - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[115]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs over the next year[115]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[171]. Internal Controls and Compliance - The internal control self-evaluation report was published on April 14, 2021[137]. - The internal control audit report received a standard unqualified opinion[138]. - The company has not reported any significant internal control deficiencies during the reporting period[137].