KEC(SH:600997)2021-03-26 16:00Financial Performance - The company's operating revenue for 2020 was ¥18,176,778,760.87, a decrease of 9.44% compared to ¥20,071,971,845.94 in 2019[14] - The net profit attributable to shareholders of the listed company was ¥1,078,518,671.13, down 6.19% from ¥1,149,638,717.63 in the previous year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,078,058,038.89, a decrease of 5.71% compared to ¥1,143,383,799.88 in 2019[14] - The net cash flow from operating activities for 2020 was CNY 1,851,288,659.39, a decrease of 29.05% compared to CNY 2,609,464,560.75 in 2019[17] - Basic and diluted earnings per share for 2020 were CNY 0.68, down 5.56% from CNY 0.72 in 2019[17] - The total profit amounted to CNY 159,228.07 million, down 1.87% year-on-year[32] - The company reported a total revenue of CNY 17,765,375,805.78, reflecting a decrease of 12.01% compared to the previous year[42] Dividend Distribution - The company plans to distribute a cash dividend of ¥2.80 per 10 shares, totaling ¥444,583,958.28, based on a total share capital of 1,587,799,851 shares as of December 31, 2020[4] - The cash dividend for 2020 is proposed at 2.80 RMB per 10 shares, totaling approximately 444.58 million RMB, which represents 41.22% of the net profit attributable to ordinary shareholders[90] - The cash dividend for 2019 was 2.20 RMB per 10 shares, totaling approximately 349.32 million RMB, representing 30.38% of the net profit attributable to ordinary shareholders[90] Assets and Liabilities - The net assets attributable to shareholders of the listed company increased by 6.77% to CNY 12,090,464,865.32 from CNY 11,323,696,088.17 in 2019[17] - Total assets rose by 11.74% to CNY 27,356,966,395.26 compared to CNY 24,482,572,417.33 in the previous year[17] - The company's total fixed assets reached CNY 10,699,045,706.52, reflecting a 5.80% increase from CNY 10,112,417,110.45[50] - The company's total liabilities decreased by 67.05% for non-current liabilities due within one year, dropping to CNY 686,283,842.81 from CNY 2,082,515,711.88[50] Production and Capacity - The total production capacity for coal is 8.1 million tons per year, with coke production capacity at 6.6 million tons per year[25] - The company produced 718.20 million tons of raw coal, an increase of 6.98% year-on-year[32] - The company produced 667.41 million tons of coke, a decrease of 5.33% year-on-year[32] - The company produced 19.99 million tons of methanol, an increase of 10.69% year-on-year[32] - The company achieved a production capacity utilization rate of 100% for several projects, including the Tangshan Zhongrun Company's coking and supporting projects with a capacity of 2.2 million tons[66] Research and Development - The company increased its R&D expenses by 84.74% to CNY 148,704,489.14[36] - The company employed 198 R&D personnel, which is 1.59% of the total workforce[44] - The company achieved breakthroughs in several R&D projects, including the development of polyformaldehyde composite materials and industrial catalysts[47] - Research and development investment totaled ¥148,704,489.14, representing 0.82% of operating revenue[44] Environmental Compliance - The company strictly adheres to national and local environmental protection laws and regulations during its operations[118] - The company has implemented a deep treatment system for wastewater, with minimal external discharge[118] - The company has established a wastewater treatment system that meets the discharge standards before releasing into municipal networks[128] - The company has implemented pollution control facilities including SCR denitrification and wet electrostatic precipitators, ensuring compliance with emission standards[153] - The company has established emergency response plans for sudden environmental incidents and completed local environmental department filings[164] Shareholder Structure - The total number of ordinary shares increased to 1,587,799,851, with a proportion of 100% after the release of 353,159,851 restricted shares[181] - The number of shareholders reached 55,542, with the top ten shareholders holding a total of 732,262,656 shares, accounting for 46.12%[184] - The controlling shareholder is Kailuan (Group) Co., Ltd., primarily engaged in coal mining and related processing[187] - The actual controller is the Hebei Provincial Government State-owned Assets Supervision and Administration Commission[190] Risk Management - The company has acknowledged the risks associated with its future plans and has provided a detailed risk description in the report[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4] - The company has not faced any major litigation or arbitration matters during the reporting period[100] - The company has not encountered any risks of suspension or termination of its listing during the reporting period[100] Poverty Alleviation Efforts - The company has been actively involved in poverty alleviation efforts, with a total investment of over CNY 500,000 in purchasing poverty alleviation products[109] - The company successfully helped 302 individuals from registered impoverished households achieve poverty alleviation by the end of 2020[112] - The company plans to continue its poverty alleviation efforts, focusing on preventing the re-emergence of poverty among previously assisted households[113] Financial Management - The company reported a maximum deposit balance of 569,556.46 million RMB with an average daily deposit of 382,955.38 million RMB in 2020[101] - The financial company provided a total asset amount of 1,127,537.73 million RMB and a loan balance of 857,208.71 million RMB by the end of 2020[101] - The company has signed a financial service agreement with its controlling shareholder to enhance fund management and financing channels[101]