Apple Group(SH:603020)2021-03-15 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥2.67 billion, representing a year-on-year increase of 7.82% compared to ¥2.47 billion in 2019[25]. - Net profit attributable to shareholders for 2020 was approximately ¥170.24 million, an increase of 12.15% from ¥151.79 million in 2019[25]. - The basic earnings per share for 2020 was ¥0.5320, reflecting a growth of 12.16% compared to ¥0.4743 in 2019[26]. - The weighted average return on equity increased to 7.88% in 2020, up from 7.43% in 2019, marking an increase of 0.45 percentage points[26]. - The net cash flow from operating activities for 2020 was approximately ¥220.24 million, a slight increase of 2.74% from ¥214.37 million in 2019[25]. - Total assets at the end of 2020 were approximately ¥2.79 billion, a 6.14% increase from ¥2.63 billion at the end of 2019[25]. - The company reported a quarterly revenue of ¥710.55 million in Q4 2020, contributing to a total annual revenue growth[28]. - The company’s net profit in Q2 2020 was approximately ¥59.03 million, showing strong performance during that quarter[28]. Dividend Policy - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares to all shareholders, totaling 51,200,000 RMB (including tax) based on a total share capital of 320,000,000 shares as of December 31, 2020[7]. - The net profit attributable to ordinary shareholders for 2020 was 170,235,002.52 CNY, resulting in a profit distribution ratio of 30.08%[136]. - In 2019, the company distributed cash dividends of 48,000,000.00 CNY, with a per-share dividend of 1.50 CNY, and a profit distribution ratio of 31.62%[136]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[137]. Compliance and Governance - The company reported no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[9]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[10]. - The company received a standard unqualified audit report from its accounting firm, affirming the accuracy of its financial statements[6]. - The company’s board of directors and supervisory board members confirmed the authenticity and completeness of the annual report[4]. - The company has not faced any issues with more than half of the directors being unable to guarantee the authenticity of the annual report[10]. Market Position and Strategy - The company continues to focus on the research, development, and sales of flavors, fragrances, and food ingredients, with no changes in its main business operations during the reporting period[35]. - The company has established a "distribution + direct sales" model for its spice, flavor, and food ingredient sales, enhancing product reach and customer service[39]. - The company maintains a competitive advantage in the industrial chocolate and jam sectors, primarily through direct sales to food processing manufacturers[40]. - The domestic spice, flavor, and food ingredient market is in a growth phase, with increasing competition and market saturation[43]. - The company has a significant market position in the domestic industrial chocolate sector, ranking among the top producers in terms of capacity and output[46]. Research and Development - The company has a strong research and development capability supported by a Japanese team, driving product innovation and quality improvement[53]. - Research and development expenses rose by 3.08% to 34 million RMB, reflecting ongoing investment in new product development[69]. - The number of R&D personnel is 130, representing 10.98% of the total workforce[72]. - The company continues to enhance the research and application of flavor and fragrance products, focusing on the development of functional flavors and improving green synthesis processes[120]. Environmental Compliance - The company has established an environmental management system and is committed to compliance with environmental regulations, although stricter future standards may pose challenges[131]. - The company has a wastewater treatment capacity of 300 tons per day, ensuring effective management of production and emergency wastewater[170]. - The company achieved an organic compound removal rate of over 99.9% through its advanced waste gas treatment system[170]. - The company has a total nitrogen oxide discharge of 0.428 tons, which is below the regulatory limit of 50 mg/m3, indicating compliance with environmental standards[168]. - The company has maintained a consistent environmental policy focused on resource conservation and pollution prevention, achieving a balance between economic and environmental goals[170]. Risks and Challenges - The company acknowledges risks related to the ongoing COVID-19 pandemic, which may impact its international trade and overall performance[126]. - The company faces increasing scrutiny regarding food safety, which could affect its brand image and sales if any issues arise[127]. - The company recognizes the risk of intensified market competition, particularly from larger enterprises, and the need for continuous innovation[130]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,407, a decrease from 21,691 at the end of the previous month[187]. - The largest shareholder, Wei Zhonghao, holds 113,220,000 shares, representing 35.38% of the total shares[189]. - Shanghai Xinyu Investment Management Co., Ltd. reduced its holdings by 5,600,000 shares, now holding 16,800,000 shares (5.25%)[189].