ZJHTC(SH:600895)2021-04-14 16:00Financial Performance - The company reported a total revenue of RMB 779,198,155.47 in 2020, a decrease of 47.23% compared to RMB 1,476,684,651.88 in 2019[22] - The net profit attributable to shareholders reached RMB 1,822,082,342.25, representing a significant increase of 212.63% from RMB 582,820,668.24 in the previous year[22] - The basic earnings per share (EPS) for 2020 was RMB 1.18, up 210.53% from RMB 0.38 in 2019[21] - The company's total assets increased by 28.12% to RMB 32,819,730,583.45 at the end of 2020, compared to RMB 25,617,134,355.01 at the end of 2019[22] - The net cash flow from operating activities was RMB 164,607,763.75, a turnaround from a negative cash flow of RMB -6,731,829,838.47 in 2019[22] - Operating profit reached 2,558.2586 million yuan, an increase of 199.50% year-on-year, while total profit amounted to 2,368.1581 million yuan, up 194.79%[37] - The company achieved total operating revenue of 779.1982 million yuan in 2020, a decrease of 47.23% compared to the previous year[37] - Investment income surged by 350.48% to CNY 2.31 billion, driven by significant gains from equity investments[50] Asset Management - The company reported a net asset attributable to shareholders of RMB 10,805,130,160.10, reflecting a growth of 16.11% from RMB 9,305,582,081.68 in the previous year[22] - The company’s overseas assets amounted to RMB 413.38 million, accounting for 12.60% of total assets[32] - The company has a total of 1.6 million square meters of self-owned property and 2.7 million square meters under construction or planned[42] - The company has completed several commercial office projects, such as "德馨中区 C-7-3" with a total area of 37,013 square meters and a recognized income of 43,347 million RMB[74] - The total investment amount in real estate development projects during the reporting period was 1,307,757 million RMB, with an average financing cost of 3.63%[79] Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 3.60 per 10 shares, totaling RMB 557,528,238, which is 30.6% of the net profit attributable to shareholders[4] - In 2020, the company did not distribute cash dividends, with retained earnings amounting to CNY 1,822,082,342.25, representing a profit distribution rate of 30.60%[111] - In 2019, the company also did not distribute cash dividends, with retained earnings of CNY 582,820,668.24 and a profit distribution rate of 31.89%[111] - In 2018, the company maintained no cash dividends, with retained earnings of CNY 544,291,523.43 and a profit distribution rate of 31.30%[111] Investment Activities - The company has actively engaged in investment activities, participating in various projects through direct investment and fund establishment[34] - In 2020, the company completed investments in 14 projects with a total investment amount of 210 million yuan[43] - The company has established a dual think tank service model in collaboration with KPMG and other institutions to ensure strategic planning accuracy[45] - The company has invested a total of RMB 1.31 billion in bank wealth management products, with the entire amount still outstanding[130] Corporate Governance - The company has not faced any major litigation or arbitration matters during the reporting period[118] - There are no significant changes in the company's accounting policies or estimates that would impact financial reporting[115] - The company has maintained a transparent information disclosure system, enhancing interaction with investors[188] - The company has established a performance evaluation mechanism for senior management, linked to the board's remuneration and assessment committee[193] Social Responsibility - The company provided rent reductions totaling 87.7941 million yuan to 802 enterprises affected by the pandemic[39] - The company actively participated in social responsibility initiatives, including donations of 50,000 RMB per village to five villages in Yunnan Province[149] - The company provided a total of 78.60 million RMB for poverty alleviation efforts, including 53.6 million RMB for industrial development projects and 25 million RMB for targeted poverty alleviation[151] - The company emphasized environmental protection by implementing green and low-carbon principles in park construction and encouraging the use of clean production processes among resident enterprises[152] Shareholder Information - The largest shareholder, Shanghai Zhangjiang (Group) Co., Ltd., holds 786,036,600 shares, representing 50.75% of the total shares[160] - Central Huijin Asset Management Co., Ltd. holds 40,988,800 shares, accounting for 2.65% of the total shares[160] - The top ten shareholders include various entities, with no shareholder having pledged or frozen shares[160] - The total number of shares held by directors and senior management increased from 112,808 to 115,608 shares, representing a net increase of 2,800 shares during the reporting period[171] Future Outlook - The company aims to enhance its core competitiveness in key industries such as integrated circuits and artificial intelligence during the "14th Five-Year Plan" period[96] - The company plans to start 8 construction projects in 2021, including key projects in the Integrated Circuit Design Industrial Park and Zhangjiang Central Urban Sub-center[104] - The company is committed to developing a world-class industrial cluster in integrated circuits, biomedicine, and artificial intelligence during the "14th Five-Year Plan" period[102] - The company aims to strengthen its core competitiveness in materials and equipment by planning the establishment of a "Materials and Equipment Innovation Park" in the Zhoupu and Caolu areas[102]