NMHD(SH:600863)2021-04-27 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.26 CNY per 10 shares to all shareholders for the 2020 annual profit distribution plan[3]. - The cash dividend policy stipulates that the company will distribute at least 70% of the annual distributable profit as cash dividends, with a minimum payout of RMB 0.09 per share[95]. - In 2020, the company proposed a cash dividend of 1.26 RMB per 10 shares, totaling 731,875,812.70 RMB (including tax), which represents a cash dividend payout ratio of 112.42% of the net profit attributable to shareholders[97]. - The cash dividend distribution plan has been approved by the board and will be submitted for shareholder approval[97]. Financial Performance - The company's operating revenue for 2020 was CNY 15,360,550,807.48, representing a 6.10% increase from CNY 14,477,160,212.77 in 2019[18]. - Net profit attributable to shareholders for 2020 was CNY 759,063,637.28, a decrease of 31.25% compared to CNY 1,104,058,503.79 in 2019[18]. - The net cash flow from operating activities for 2020 was CNY 3,912,858,515.65, showing a slight increase of 0.79% from CNY 3,882,115,489.01 in 2019[18]. - Basic earnings per share for 2020 was CNY 0.11, down 35.29% from CNY 0.17 in 2019[19]. - The company's total assets as of the end of 2020 were CNY 42,857,453,730.16, a decrease of 3.93% from CNY 44,609,324,444.10 at the end of 2019[18]. - The weighted average return on equity for 2020 was 5.63%, a decrease of 3.18 percentage points from 8.81% in 2019[19]. Operational Highlights - The company achieved a total power generation of 57.711 billion kWh in 2020, representing a year-on-year increase of 4.27%[26]. - The average on-grid electricity settlement price was 260.21 RMB per MWh, an increase of 1.5% compared to the previous year[26]. - The company controlled installed capacity reached 12.851 million kW, with coal-fired power generation accounting for 88.71% and renewable energy capacity at 11.29%[26]. - The company maintained a coal production capacity of 6 million tons in 2020, which remained stable compared to the previous year[26]. - The total installed capacity in Inner Mongolia reached 14.65 million kW in 2020, with a year-on-year growth of 13.3%[27]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[6]. - The company will focus on addressing risks related to electricity, coal, and environmental protection in 2021[6]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongchuan Asia Pacific Accounting Firm[2]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[5]. - The company has not violated any decision-making procedures in providing guarantees[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[2]. - The company has a strong governance structure, ensuring effective protection of shareholder interests and maintaining a good market reputation[31]. Environmental Responsibility - The company is committed to improving safety and environmental standards, implementing a three-year action plan for safety production, and participating in carbon market trading[88]. - The company has implemented zero wastewater discharge measures at several of its subsidiaries[130]. - The company achieved zero infections during the pandemic and maintained stable production operations[33]. - The company has established emergency response plans for environmental incidents, including specific plans for hazardous chemical leaks and severe weather conditions[134]. Research and Development - The company applied for 105 patents during the reporting period, with a total of 45 patents granted[31]. - The company plans to increase R&D investments during the "14th Five-Year Plan" period to achieve breakthroughs in energy conservation and renewable energy operations[52]. - The company has allocated 500 million RMB for research and development in the upcoming fiscal year[175]. Market Strategy - The company plans to expand its market presence through strategic investments and technological upgrades in the coming years[69]. - The company aims to enhance its competitiveness by focusing on clean energy transformation and optimizing its energy structure during the "14th Five-Year Plan" period[86]. - The company plans to actively participate in various market transactions to enhance competitiveness amid increasing market risks and changes in electricity pricing mechanisms[92]. Shareholder Relations - The company will provide opportunities for minority shareholders to express opinions on profit distribution and policy changes[108]. - The company has committed to addressing any asset ownership issues and will evaluate their impact on future operations[108]. - The company has maintained a stable shareholder structure, with the controlling shareholder remaining unchanged during the reporting period[159]. Employee Management - The total remuneration for the board members and senior management during the reporting period amounted to 488.35 million yuan[172]. - The company emphasizes employee training and has utilized online resources to conduct training amid the pandemic[187]. - The company has implemented a performance assessment system to enhance employee evaluation and link salaries to performance[186]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion[175]. - The management team emphasized the importance of sustainability initiatives, aiming for a 40% reduction in carbon emissions by 2025[175].