CFHI(SH:601106)2021-04-29 16:00Financial Performance - In 2020, the company's operating revenue reached approximately ¥19.90 billion, an increase of 51.18% compared to ¥13.17 billion in 2019[18]. - The net profit attributable to shareholders of the listed company was ¥130.47 million, a slight increase of 1.34% from ¥128.75 million in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥94.62 million, a decrease of 23.35% compared to -¥76.71 million in 2019[18]. - The cash flow generated from operating activities was ¥690.49 million, a significant decrease of 64.00% from ¥1.92 billion in 2019[18]. - Basic earnings per share for 2020 was CNY 0.0190, a 1.06% increase compared to CNY 0.0188 in 2019[20]. - The total profit reached CNY 2.23 billion, an increase of 24.11% compared to the previous year[30]. - The company achieved operating revenue of CNY 19.90 billion in 2020, representing a year-on-year growth of 51.18%[30]. - The company reported a total comprehensive income of ¥87,491,379.71 for 2020, down from ¥115,974,838.27 in 2019, indicating a decline of 24.6%[159]. - The company reported a net profit for the year of -¥358,903,833.63, which is a decline from -¥198,021,018.98 in the previous year[162]. Assets and Liabilities - As of the end of 2020, the total assets amounted to approximately ¥32.87 billion, a decrease of 0.67% from ¥33.09 billion at the end of 2019[19]. - The company's debt-to-asset ratio stood at 65.76% by the end of 2020, indicating stable economic operations[30]. - Total current assets decreased by 4.92% to ¥21.68 billion, compared to ¥22.81 billion in the previous year[41]. - The total liabilities for 2020 amounted to ¥17,683,548,324.23, a decrease from ¥17,985,340,664.02 in 2019, showing a reduction of 1.7%[155]. - The total equity for 2020 was ¥10,958,890,947.88, slightly down from ¥11,052,526,162.22 in 2019, reflecting a decrease of 0.8%[155]. - The total assets at the end of the year were CNY 10,958,890,947.88, reflecting the company's financial position[174]. - The total liabilities slightly decreased to CNY 21,618,379,799.76 from CNY 21,931,890,049.71, a reduction of about 1.4%[152]. Cash Flow - The net cash flow from operating activities decreased to -561,931,874.19 RMB in 2020 from 2,281,262,885.31 RMB in 2019, representing a decline of approximately 124.6%[166]. - The cash flow from financing activities showed a net increase of ¥577,337,198.03, contrasting with a net outflow of -¥2,836,762,647.81 in 2019[164]. - The cash and cash equivalents at the end of the year were ¥2,286,348,131.83, an increase from ¥1,680,218,062.44 at the end of the previous year[165]. - The total cash inflow from investment activities was 1,646,850,000.00 RMB in 2020, significantly higher than 101,322,502.97 RMB in 2019, indicating an increase of about 1525.5%[166]. Research and Development - Research and development expenses increased by 28.27% to CNY 473.14 million[31]. - The total R&D investment reached ¥789.52 million, accounting for 3.97% of total revenue[38]. - The number of R&D personnel increased to 583, representing 6.56% of the total workforce[38]. Market and Business Strategy - The company aims to transition from manufacturing to providing comprehensive manufacturing services, enhancing its solution capabilities[27]. - The company successfully expanded its international market presence with contracts signed in Turkey, Russia, and South Korea[28]. - The company plans to enhance marketing management and ensure 100% coverage of key customer and product market research[60]. - The company aims to enhance its core competitiveness and international presence by responding to the "Belt and Road" initiative and optimizing its product structure[58]. Governance and Compliance - The company has established a structured governance framework, ensuring compliance with relevant laws and regulations[121]. - The company is committed to maintaining transparency in its financial reporting and governance practices[112]. - The company has not encountered any significant accounting errors that would require correction or impact its financial reporting[75]. Environmental and Social Responsibility - The company has implemented effective pollution control facilities, all reported as in good condition[86]. - The company has established an emergency response plan for sudden environmental incidents, including a comprehensive resource investigation and risk assessment report[89]. - The company monitors pollutants such as COD, ammonia nitrogen, and heavy metals, with monitoring frequencies ranging from weekly to annually depending on the pollutant type[90][92][93]. Shareholder Information - The largest shareholder, China First Heavy Industries Group Co., Ltd., holds 4,380,563,888 shares, accounting for 63.88% of the total shares[98]. - The company had no changes in the total number of ordinary shares or share capital structure during the reporting period[94]. - The company has no strategic investors or general legal entities becoming top 10 shareholders during the reporting period[100].