RT(SH:603036)2021-04-09 16:00Financial Performance - The company's operating revenue for 2020 was RMB 290,718,194.62, a decrease of 2.72% compared to RMB 298,859,040.24 in 2019[21] - The net profit attributable to shareholders of the listed company was RMB 67,807,109.47, representing an increase of 4.60% from RMB 64,823,672.76 in the previous year[21] - The basic earnings per share for 2020 was RMB 0.33, up 3.13% from RMB 0.32 in 2019[23] - The total assets at the end of 2020 amounted to RMB 1,261,794,424.39, reflecting a growth of 4.09% from RMB 1,212,176,633.38 in 2019[22] - The net cash flow from operating activities was RMB 53,256,867.34, a decrease of 3.08% compared to RMB 54,949,005.17 in 2019[21] - The weighted average return on equity for 2020 was 6.26%, slightly down from 6.30% in 2019[23] - The company reported a net asset attributable to shareholders of RMB 1,114,415,610.41, an increase of 5.43% from RMB 1,056,972,011.55 in 2019[21] - The company achieved operating revenue of ¥290,718,194.62, a decrease of 2.72% year-on-year[40] - Total profit amounted to ¥78,907,580.80, an increase of 3.35% year-on-year[40] - Net profit reached ¥66,618,533.70, reflecting a year-on-year increase of 2.44%[40] Cash Flow and Investments - The net cash flow from operating activities was ¥53,256,867.34, a decrease of 3.08% compared to the previous year[54] - Investment activities generated a net cash flow of ¥65,638,898.23, a significant increase of 325.45% compared to the previous year[41] - The company reported a net cash increase of ¥91.41 million in 2020, compared to ¥30.48 million in 2019[178] - Cash flow from investing activities showed a net inflow of ¥65.64 million in 2020, a significant improvement from a net outflow of ¥29.11 million in 2019[178] - The company reported a decrease in short-term borrowings, contributing to improved liquidity and financial stability[164] Research and Development - The company has focused on R&D for new technologies and products, particularly in drilling automation, to meet evolving industry demands[29] - The total R&D expenditure was ¥15.73 million, representing 5.41% of total revenue, with no capitalized R&D costs[53] - The company applied for 11 patents and received authorization for 8 patents during the reporting period[32] - The company developed and promoted 21 new products, including automated wellhead products, during the year[39] Market and Business Strategy - The company has actively expanded into international markets, leveraging its API certification to enhance product sales and customer base[29] - The company aims to develop a second main business by expanding product lines beyond the oil industry, focusing on rail transit products like the BFA02 axle-mounted brake disc, which has passed CRCC trial certification[64] - The company plans to enhance production capacity and efficiency, improve quality assurance systems, and strengthen supplier relationships to support sales efforts[65] - The company is focusing on the rapid development of rail transit products, aiming to obtain formal CRCC certification for the BFA02 brake disc and promote it within the China National Railway Group[68] Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 31,000,950, pending shareholder approval[5] - The cash dividend per share for 2020 was CNY 1.50, up from CNY 1.20 in 2019, indicating a 25% increase[78] - The total number of shares distributed as dividends in 2020 was 31,000,950 shares, compared to 24,723,960 shares in 2019, marking a 25.5% increase[78] Risk Management and Compliance - The company emphasizes the importance of investment risk awareness due to uncertainties in forward-looking statements[6] - The company recognizes risks related to technology development, economic recovery, product quality, international politics, and competition from renewable energy sources[69][70][71][73][74] - The company has no significant risks or non-operating fund occupation by controlling shareholders[7] - There were no significant changes in accounting policies or estimates during the reporting period, ensuring consistency in financial reporting[83] Corporate Governance - The company has engaged Tianjian Accounting Firm for auditing services, with a remuneration of CNY 600,000 for a 10-year term[84] - The internal control audit will also be conducted by Tianjian Accounting Firm, with a fee of CNY 100,000[84] - The company has implemented a governance structure that complies with relevant laws and regulations, ensuring orderly operations and risk management[138] - The independent directors accounted for over one-third of the board, ensuring compliance with relevant regulations[140] Employee and Social Responsibility - The company actively supports employee welfare and provides various training programs to enhance employee skills[98] - The company donated over 600,000 yuan to support COVID-19 relief efforts in 2020[98] - The company invested over 5 million yuan in safety and environmental protection facilities over the past three years[98] - The company has not faced any penalties for environmental violations during the reporting period[99]