FUDA ALLOY(SH:603045)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was RMB 2,304,550,442.98, representing a 47.37% increase compared to RMB 1,563,779,136.33 in 2019[21]. - The net profit attributable to shareholders of the listed company decreased by 39.59% to RMB 44,203,819.04 from RMB 73,178,765.05 in the previous year[21]. - The total assets of the company increased by 29.89% to RMB 1,911,833,833.36 at the end of 2020, compared to RMB 1,471,864,274.93 at the end of 2019[21]. - The net cash flow from operating activities improved significantly to RMB 9,285,254.76, a 110.68% increase from a negative RMB 86,936,658.79 in 2019[21]. - The company's net assets attributable to shareholders were RMB 823,323,153.26 at the end of 2020, showing a slight decrease of 0.14% from RMB 824,460,846.00 at the end of 2019[21]. - Basic and diluted earnings per share decreased by 38.91% compared to the previous year, attributed to the decline in net profit[22]. - The weighted average return on equity decreased by 3.78 percentage points to 5.40%[22]. - The company achieved a main business revenue of 2,081.24 million yuan, a year-on-year increase of 35.99%[49]. - The net profit attributable to shareholders of the listed company was 44.20 million yuan, a year-on-year decrease of 39.59%[49]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares to all shareholders, pending approval at the shareholders' meeting[5]. - The company has established a cash dividend policy, committing to distribute at least 15% of the distributable profit to shareholders annually, with potential increases aligned with net profit growth[100]. - The company approved a cash dividend of RMB 1.5 per 10 shares, totaling RMB 20,316,773.25 distributed to shareholders[101]. - In 2020, the cash dividend amounted to RMB 25,024,482.3, representing 56.61% of the net profit attributable to shareholders[106]. - The cash dividend for 2019 was RMB 1.5 per 10 shares, totaling RMB 20,435,981.25[104]. Research and Development - R&D expenses increased by 48.16% to CNY 74,509,299.18, reflecting a commitment to enhance innovation capabilities[60]. - The company has been recognized as a national high-tech enterprise and has undertaken several national and provincial-level research projects, enhancing its technological capabilities[43]. - The company is committed to strengthening R&D innovation by increasing investment in technology development and expanding its product range, including new materials and products in sectors like automotive relays and aerospace[92]. - Total R&D expenditure amounted to ¥74,509,299.18, representing 3.23% of total revenue[67]. Market Expansion and Strategy - The company is focusing on the "Electric Contact +" development strategy, emphasizing research and development of electric contact materials[34]. - The company has expanded its business into precious metal recycling, smart manufacturing, and industrial automation[34]. - The company is actively expanding its international market presence, having passed supplier certifications from major global companies like Schneider and ABB[44]. - The company is actively pursuing international market opportunities to enhance its competitive edge and increase its market share in the electric contact materials sector[84]. - The company plans to transition towards smart manufacturing, responding to the global trend of "Industry 4.0" and the implementation of "Made in China 2025"[85]. Operational Efficiency - The company has implemented a lean production model and smart manufacturing to improve production efficiency and control costs[45]. - The company has developed various automation products, including flexible execution platforms and industrial robots, to enhance production efficiency and reduce costs[38]. - The company employs a "sales-driven production" model to align production with customer demand[36]. - The company is enhancing its data management and analysis capabilities, implementing a comprehensive analysis of profitability, solvency, operational quality, growth potential, and efficiency to optimize resource allocation for high-quality development[88]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific discharge standards met for various pollutants including Cd (0.05 mg/l), Cu (0.05 mg/l), and Ag (0.03 mg/l) in wastewater treatment[123]. - The company has two wastewater treatment stations and two air discharge points, all of which are compliant with the relevant environmental standards[124]. - The company conducts monthly monitoring of wastewater and semi-annual monitoring of air emissions and noise through qualified testing agencies[127]. - The company has established emergency response plans for environmental incidents, which are filed with the local environmental protection bureau[126]. Shareholder Information - The total number of ordinary shareholders increased from 12,494 to 13,513 during the reporting period, reflecting a growth of approximately 8.2%[131]. - The largest shareholder, Wang Dawu, holds 36,248,706 shares, representing 26.34% of the total shares, with no change during the reporting period[133]. - The company reported a total of 41,491,506 shares held by directors and senior management at the end of the reporting period, reflecting a decrease of 761,447 shares[144]. - The company has a total of 2,143,400 shares held by Qian Zhaobin, which will become tradable on May 17, 2021, under a 36-month lock-up period[135]. Audit and Compliance - The audit report issued by Zhongtian Yun Accounting Firm was a standard unqualified opinion[4]. - The internal control audit report issued by Zhongtian Accounting Firm confirmed the effectiveness of the company's internal controls, with a standard unqualified opinion[164]. - The company appointed Zhongtianyun Accounting Firm as the auditor for the 2020 fiscal year, with a remuneration of CNY 450,000[114]. - The audit report highlighted the importance of revenue recognition as a key audit matter, ensuring compliance with accounting standards[169].