NUPMG(SH:601999)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was CNY 2,541,948,466.91, a decrease of 6.22% compared to CNY 2,710,639,546.19 in 2019[23] - The net profit attributable to shareholders of the listed company was CNY 152,712,660.34, an increase of 2.98% from CNY 148,286,660.15 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY -20,841,008.15, a decline of 130.93% compared to CNY 67,371,845.70 in 2019[23] - The cash flow from operating activities was CNY 146,748,441.22, down 17.06% from CNY 176,940,358.60 in the previous year[23] - Basic earnings per share for 2020 was CNY 0.28, a 3.7% increase compared to CNY 0.27 in 2019[25] - The company reported a decrease in net profit after deducting non-recurring gains and losses, primarily due to the impact of COVID-19, leading to a decline in total revenue and increased operating expenses[25] - Non-recurring gains for 2020 amounted to CNY 173.55 million, compared to CNY 80.91 million in 2019[29] - The cash flow from operating activities in Q4 2020 was CNY 410.17 million, indicating a strong recovery in cash generation[28] Assets and Liabilities - The total assets at the end of 2020 were CNY 3,839,523,468.55, an increase of 4.11% from CNY 3,688,051,681.56 at the end of 2019[24] - The total liabilities increased to RMB 1,436,124,657.75 in 2020 from RMB 1,401,544,112.72 in 2019, representing a rise of about 2.5%[194] - The total equity attributable to shareholders rose to RMB 2,367,393,621.46 in 2020, compared to RMB 2,260,617,243.54 in 2019, indicating an increase of approximately 4.7%[195] - Cash and cash equivalents significantly increased to RMB 938,397,649.95 in 2020 from RMB 693,191,524.41 in 2019, marking a growth of around 35.4%[193] - The company's inventory increased to RMB 787,003,979.26 in 2020 from RMB 752,926,100.67 in 2019, reflecting a growth of about 4.5%[193] Revenue Breakdown - The total revenue from textbook publishing increased by 20.65% to CNY 1,420,090,000, with a gross margin of 18.18%[74] - General book publishing revenue decreased by 25.5% to CNY 796,763,000, with a gross margin of 20.23%[74] - The revenue from the textbook and auxiliary materials business increased by 5.06%, while the cost increased by 15.64%[57] - The company achieved operating revenue of CNY 2,541.95 million, a year-on-year decrease of 6.22%, with main business revenue at CNY 2,428.77 million, down 5.64%[48] Strategic Initiatives - The company is expanding into digital publishing and new media, reflecting a strategic shift towards integrated media services[34] - The company plans to enhance its market presence through new product development and strategic partnerships in the cultural and creative sectors[34] - The company is investing in upgrading its printing capabilities to focus on high-end and intelligent printing, thereby increasing product competitiveness[109] - The company is fostering new economic models and business formats, including the establishment of a copyright trading center and a digital literature port[111] Risk Management - The company has disclosed various industry and market risks in its report, emphasizing the importance of risk awareness for investors[9] - The company is enhancing its risk management framework to mitigate various operational risks, including those related to material price fluctuations and new technology integration[112] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.85 per 10 shares, totaling CNY 46,827,749.50[7] - The cash dividend payout ratio for 2020 is 30.66%, compared to 30.46% in 2019 and 34.17% in 2018[116] - The largest shareholder, Liaoning Publishing Group Co., Ltd., holds 372,000,000 shares, representing 67.52% of the total shares[146] Employee and Management Structure - The total number of employees in the company and its major subsidiaries is 2,334, with 176 in the parent company and 2,158 in major subsidiaries[165] - The company has a total of 503 production personnel, 630 sales personnel, 158 technical personnel, 122 financial personnel, 581 administrative personnel, and 340 editorial personnel[166] - The total remuneration paid to directors, supervisors, and senior management for the year 2020 amounted to 3.907 million yuan[163] Community Engagement and Social Responsibility - The company provided targeted poverty alleviation support, focusing on the economic income of impoverished households and addressing their specific difficulties[133] - A total of 41.1 million RMB was allocated for poverty alleviation efforts, with an additional 5 million RMB in material support, helping 321 registered impoverished individuals to escape poverty[137] - The company has established a diversified investment mechanism to enhance the effectiveness of poverty alleviation projects and attract social funding[135]