JJHB(SH:603279)2021-04-12 16:00Financial Performance - The company's operating revenue for 2020 was approximately RMB 3.33 billion, a slight increase of 0.56% compared to RMB 3.31 billion in 2019[18]. - Net profit attributable to shareholders of the listed company reached approximately RMB 514.68 million, representing a year-on-year growth of 24.60% from RMB 413.08 million in 2019[18]. - The net cash flow generated from operating activities was approximately RMB 610.94 million, an increase of 37.63% compared to RMB 443.89 million in 2019[18]. - The total assets of the company at the end of 2020 amounted to approximately RMB 5.25 billion, reflecting a growth of 12.18% from RMB 4.68 billion at the end of 2019[18]. - The net assets attributable to shareholders of the listed company were approximately RMB 2.97 billion, an increase of 11.20% compared to RMB 2.67 billion at the end of 2019[18]. - Basic earnings per share (CNY/share) increased by 17.27% to 1.29 from 1.10[21]. - Diluted earnings per share (CNY/share) also rose by 17.27% to 1.29 from 1.10[21]. - The company achieved operating revenue of CNY 3,329.30 million, a year-on-year increase of 0.56%[35]. - The net profit attributable to shareholders was CNY 514.68 million, representing a year-on-year growth of 24.60%[35]. - The net cash flow from operating activities increased by 37.63% to CNY 61,094.26 million, attributed to improved management of receivables and increased cash collection[39]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 7.00 per 10 shares, amounting to approximately RMB 288.36 million, which is 56.03% of the net profit attributable to shareholders[4]. - The cash dividend distribution plan has been approved by the company's board and supervisory board, pending approval from the 2020 annual general meeting[82]. - In 2019, the company distributed a cash dividend of 6 RMB per 10 shares, totaling 480,042,000 RMB, which was 116.21% of the net profit attributable to ordinary shareholders[82]. - The company did not distribute any stock dividends or implement capital reserve transfers in 2020, with remaining undistributed profits carried forward to the next fiscal year[83]. - The company’s profit distribution plan complies with the provisions of its articles of association, and independent directors have expressed clear agreement[82]. Risk Management - The company has outlined potential risks in its future business development in the report[5]. - The company faces risks related to policy changes that could impact market demand for its products[71]. - The company is also exposed to macroeconomic fluctuations that may affect product demand and order volumes[71]. - The ongoing COVID-19 pandemic presents uncertainties that could impact the company's operations and financial performance[76]. - The company has implemented internal measures to mitigate risks associated with the actual controller's influence on business decisions[77]. Corporate Governance - The company has established commitments to avoid and reduce related party transactions, ensuring that any unavoidable transactions adhere to market standards and legal regulations[5]. - The company and its controlling shareholders have pledged to avoid engaging in any business that competes with the company or its subsidiaries[6]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finance, with no instances of fund or asset occupation[197]. - The supervisory board is compliant with legal requirements and effectively exercises its rights[197]. - The company has ensured timely and accurate information disclosure, with no significant errors or omissions during the reporting period[197]. Research and Development - The company obtained 109 authorized patents during the reporting period, significantly increasing its patent count[35]. - The company is focusing on R&D projects aimed at enhancing core competitiveness, including specialized filter presses for the dyeing industry and energy-efficient unmanned sludge filter presses[51]. - In 2021, the company plans to increase R&D investment to enhance innovation capabilities and improve the quality of development[67]. Environmental Responsibility - The company adheres to environmental standards, with no exceedances reported in pollutant emissions for the year 2020[129]. - The total emissions of SO2 were recorded at 0.432 tons, while NOx emissions were 1.075 tons, both within regulatory limits[129]. - The company has implemented measures to ensure that solid waste is either recycled or disposed of by qualified units[132]. - The company invested CNY 16.8 million in air pollution control measures during the reporting period[133]. - The company achieved a 100% compliance rate for major pollutants in its environmental monitoring during the reporting period[139]. Shareholder Structure - The total number of ordinary shares increased from 400,035,000 to 411,739,500 during the reporting period, with an issuance of 11,704,500 restricted shares at a price of RMB 10.66 per share[151]. - The top shareholder, Jingjin Investment Co., Ltd., holds 137,366,349 shares, representing 33.36% of the total shares[155]. - The second-largest shareholder, Jiang Guiting, holds 49,342,700 shares, accounting for 11.98% of the total shares[155]. - The company has not reported any changes in the actual controller during the reporting period[168]. - The company has not issued any preferred shares during the reporting period[169]. Employee Management - The company employed a total of 4,287 staff, including 3,201 production personnel and 392 sales personnel[192]. - The company has established a comprehensive salary and welfare system based on employee qualifications, positions, and performance[193]. - Internal and external training programs were implemented for employees, including safety, skills, and regulatory training[194]. Audit and Compliance - The company appointed Zhongshen Zhonghuan Accounting Firm for auditing, with a remuneration of RMB 1,000,000 for the audit services over a two-year term[107]. - The company has committed to not transferring benefits unfairly to other entities or individuals, ensuring that management's compensation is linked to the execution of return measures[104]. - There were no major lawsuits or arbitration matters during the reporting period[110].