CNS(SH:601098)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was approximately CNY 10.47 billion, representing a year-over-year increase of 2.07% compared to CNY 10.26 billion in 2019[23]. - Net profit attributable to shareholders for 2020 was approximately CNY 1.44 billion, reflecting a 12.64% increase from CNY 1.28 billion in 2019[23]. - Basic earnings per share for 2020 increased to CNY 0.80, up 12.68% from CNY 0.71 in 2019[24]. - The company's total assets as of the end of 2020 were approximately CNY 23.14 billion, a 6.13% increase from CNY 21.81 billion at the end of 2019[23]. - Cash flow from operating activities for 2020 decreased significantly by 70.26% to approximately CNY 917.65 million from CNY 3.09 billion in 2019[23]. - The weighted average return on equity for 2020 was 10.46%, an increase of 0.99 percentage points from 9.47% in 2019[24]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 1.19 billion, down 2.63% from CNY 1.23 billion in 2019[23]. - The company’s net assets attributable to shareholders at the end of 2020 were approximately CNY 14.00 billion, a 2.38% increase from CNY 13.67 billion at the end of 2019[23]. - The company achieved operating revenue of CNY 10,473.01 million in 2020, a year-on-year increase of 2.07%[49]. - Net profit attributable to shareholders reached CNY 1,436.99 million, up 12.64% compared to the previous year[48]. Dividend Distribution - The company plans to distribute a cash dividend of 6.3 RMB per 10 shares, totaling approximately 1,131,480,000 RMB, which represents 78.74% of the net profit attributable to shareholders for 2020[5]. - In 2020, the company distributed a cash dividend of 1,131,480,000.00 RMB, with a profit distribution rate of 78.74%[113]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for ordinary shareholders[114]. - In 2019, the company approved a cash distribution plan of 6.2 yuan per 10 shares, totaling 1.11352 billion yuan[110]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The company has confirmed that more than half of the directors can guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has not disclosed any significant matters outside of the financial report[9]. - The audit opinion states that the financial statements fairly present the financial position and operating results of Zhongnan Publishing Media Group as of December 31, 2020[196]. Market Position and Strategy - The company maintains a leading position in the publishing and media industry, ranking third in both operating revenue and net profit among 23 listed companies in the sector[36]. - The company is actively expanding its international presence, with its educational materials entering markets in countries such as India, South Korea, and the United States[40]. - The company aims to enhance its market share and overall scale in the publishing industry while focusing on high-quality development and innovation[104]. - The company plans to strengthen its educational service industry chain, targeting the completion of national curriculum textbooks and expanding its online education services[105]. - The company is focusing on improving financial investment returns by enhancing fund management and identifying quality investment projects[106]. Revenue Segments - The publishing business saw a revenue increase of 6.64%, maintaining a leading market share in general books[50]. - The distribution business's revenue grew by 3.21%, with vocational textbooks achieving a 20.54% increase in sales volume[50]. - The financial company reported operating revenue of CNY 355 million, with a total profit of CNY 223 million[50]. - The media segment's revenue increased by 8.39%, with a gross margin of 35.81%[51]. - The digital segment reported revenue of CNY 182.93 million, but experienced a significant decline of 42.32% year-on-year[55]. Investments and Future Plans - The company plans to invest 2,011,118.20 million RMB in the Malanshan Video Cultural Industry Park project, with cumulative investment reaching 393,846.00 million RMB by the end of the reporting period[93]. - The company is accelerating the construction of a digital publishing base, integrating various media and data centers into a new cultural landmark[106]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[161]. - The company has allocated 200 million yuan for research and development of new technologies in the upcoming year[161]. Social Responsibility and Community Engagement - The company invested a total of 3.85 million RMB in poverty alleviation efforts, helping 168 households and 679 individuals, achieving the goal of poverty eradication for 3 households and 5 individuals in 2020[138]. - The poverty incidence in Wuzhuang village decreased from 22.8% in 2014 to 0% by October 2020, with the collective income of the village reaching nearly 300,000 RMB[138]. - The company provided 4.32 million RMB in educational assistance to 53 students in 2020, with a total of over 4 million RMB in educational resources distributed over the past five years[142]. - The company has received several awards, including being recognized as a provincial-level civilized demonstration village and an excellent team for poverty alleviation work[145]. Legal and Governance - The company has a strong legal team with experience in various legal roles since 2008, ensuring robust legal oversight[1]. - The company has maintained a focus on legal affairs, with key personnel having extensive backgrounds in legal and compliance roles[1]. - The board has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[168]. - The company has established a comprehensive internal and external information disclosure management system, ensuring all shareholders can equally access disclosed information[183]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 13,264, with 12,738 in major subsidiaries[177]. - The number of sales personnel is 6,078, accounting for approximately 45.8% of the total workforce[177]. - The company has established a salary policy that emphasizes benefits for frontline employees and those with outstanding contributions[178]. - The training plan focuses on internal training to enhance professional skills and external training to broaden perspectives[179].