广安爱众(600979) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was CNY 2,218,931,300.27, representing a 2.39% increase compared to CNY 2,167,164,771.06 in 2018[17] - The net profit attributable to shareholders for 2019 was CNY 245,411,680.19, a decrease of 4.27% from CNY 256,370,046.47 in 2018[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 209,437,045.39, down 7.22% from CNY 225,739,697.96 in 2018[17] - Basic earnings per share decreased by 4.29% to CNY 0.2590 in 2019 compared to CNY 0.2706 in 2018[18] - Diluted earnings per share also fell by 4.29% to CNY 0.2590 in 2019 from CNY 0.2706 in 2018[18] - The company reported a decrease in net profit after deducting non-recurring gains and losses, with a figure of CNY 221,000,000 in 2019 compared to CNY 238,200,000 in 2018, reflecting a 7.22% decline[18] - The company achieved operating revenue of 2.219 billion yuan, a year-on-year increase of 2.39%[38] - The net profit attributable to the parent company was 245 million yuan, a year-on-year decrease of 4.27%[38] Cash Flow and Assets - The cash flow from operating activities for 2019 was CNY 472,539,819.68, an increase of 3.72% from CNY 455,595,883.30 in 2018[17] - The total assets at the end of 2019 were CNY 8,814,994,490.81, reflecting a 9.31% increase from CNY 8,064,424,664.12 at the end of 2018[17] - The net assets attributable to shareholders at the end of 2019 were CNY 3,814,258,709.28, a 1.97% increase from CNY 3,740,621,799.89 at the end of 2018[17] - The total amount of cash flow generated from operating activities in 2019 was CNY 468,000,000, indicating a strong operational performance despite the decline in net profit[20] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares and to increase capital by 3 shares for every 10 shares held, totaling CNY 28,436,764.38 in cash dividends[5] - The company has proposed a cash dividend of 1 yuan per 10 shares, amounting to approximately 94.79 million yuan, to be distributed to shareholders[113] - The total number of ordinary shareholders increased from 41,982 to 42,618, representing a growth of approximately 1.52%[180] - The largest shareholder, Sichuan Aizhong Development Group Co., Ltd., holds 147,061,410 shares, accounting for 15.51% of total shares[182] Operational Highlights - The company has a water supply market share of 100% in its designated areas, serving over 580,000 customers with an annual water supply capacity of approximately 110 million cubic meters[28] - In 2019, the company generated 1.655 billion kWh of electricity, a year-on-year increase of 25.54%, while the annual electricity sales volume reached 1.5 billion kWh, up 2.90% from the previous year[29] - The company operates 12 hydropower stations with a total installed capacity of 436,400 kW, contributing to an annual power generation capacity of 1.75 billion kWh[30] - The company has a natural gas supply capacity of 480 million cubic meters per year, serving over 590,000 gas users with a 100% market share in its designated areas[33] Market and Growth Strategies - The company plans to enhance its renewable energy development in line with national energy policies, aiming to improve operational efficiency and corporate vitality[32] - The company is actively developing new business opportunities in the energy sector to ensure stable growth in gas supply[33] - The company is positioned to benefit from China's increasing demand for clean energy, with natural gas consumption in Asia growing from 503.7 billion cubic meters to 825.3 billion cubic meters over the past decade[34] - The company plans to implement a "Public Utility +" strategy, focusing on expanding its core business and developing new industries, particularly in the water, electricity, and gas sectors[107] Research and Development - The company's research and development expenses are RMB 3,000,000.00, indicating a focus on innovation and new product development[44] - Total R&D investment was ¥3,000,000, representing 0.14% of operating revenue, with 15 R&D personnel[55] Risk Management and Compliance - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[6] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - The company has not violated any decision-making procedures for providing guarantees[6] - The company has not faced any risks of suspension or termination of listing during the reporting period[121] Community Engagement and Social Responsibility - In 2019, the company donated a total of 136,000 RMB in materials and raised 81,500 RMB in funds for poverty alleviation efforts[163] - The company helped 134 registered impoverished individuals to escape poverty through various initiatives[164] - The company has committed to ensuring that all poverty-stricken villages achieve their poverty alleviation goals by the end of 2020[166] Future Outlook - The company provided a future outlook, projecting a revenue increase of 10% for the next fiscal year, aiming for a total of 780 million[130] - The company aims to achieve a revenue target of 2.238 billion yuan in 2020, with water sales of 74.54 million cubic meters, electricity sales of 2.824 billion kWh, and gas sales of 21.6 million cubic meters[108]