Jasan Group(SH:603558)2021-04-22 16:00Financial Performance - In 2020, the company achieved operating revenue of CNY 1,582,449,086.77, a decrease of 11.12% compared to CNY 1,780,368,877.71 in 2019[25] - The net profit attributable to shareholders was CNY -527,727,666.75, representing a decline of 293.09% from a profit of CNY 273,312,959.07 in the previous year[25] - The company's total assets decreased by 11.41% to CNY 3,333,216,417.58 at the end of 2020, down from CNY 3,762,635,799.12 in 2019[26] - The net cash flow from operating activities was CNY 259,450,931.01, a decrease of 26.05% compared to CNY 350,866,739.71 in 2019[25] - The company's net assets attributable to shareholders decreased by 21.76% to CNY 2,385,142,728.26 from CNY 3,048,721,188.23 in 2019[26] - Basic earnings per share for 2020 was -1.31 CNY, a decrease of 292.65% compared to 0.68 CNY in 2019[27] - The weighted average return on equity dropped to -19.81% in 2020, down 29.14 percentage points from 9.33% in 2019[27] - Total revenue for the fourth quarter of 2020 was 431,935,313.17 CNY, with a net profit attributable to shareholders of -586,032,537.57 CNY[29] - The company reported a cash flow from operating activities of 42,660,976.81 CNY in the fourth quarter of 2020[29] - The total revenue from overseas markets is CNY 1,355,951,784.59, reflecting a decrease of 11.31% compared to the previous year[58] - The company achieved a sales revenue of 1.582 billion yuan in 2020, a year-on-year decrease of 11.12%[52] - The net profit for the year was -527.73 million yuan, representing a decline of 293.09% compared to the previous year[52] Business Operations - The company operates primarily in the ODM and OEM business model, serving major brands such as PUMA, UNIQLO, and NIKE[37] - The total production capacity includes approximately 300 million pairs of cotton socks and over 22 million seamless garments annually[37] - The sock business generated sales revenue of 1.06 billion yuan, down 4.01% year-on-year, while the seamless business saw a revenue drop of 25.24% to 479 million yuan[47] - The company plans to continue focusing on the production of socks and seamless apparel while enhancing its vertical integration in the supply chain[51] - The company aims to accelerate the development of new customers, particularly in the seamless product segment, and expand investment in its Vietnam base[51] - The company plans to expand its seamless apparel production capacity by adding 1,200 million units annually, with an investment in 96 new seamless knitting machines in 2021[90] - The company aims to produce 60 million pairs of mid-to-high-end cotton socks and 3,500 tons of elastic yarns in 2021[91] - The company is targeting a production goal of 200 million pairs of cotton socks from its Vietnam facility in 2021[92] Profit Distribution and Shareholder Rights - The company plans not to distribute profits for 2020 due to the negative distributable profits of CNY -157,502,730.40 at the end of the year[7] - The company has established a cash dividend policy, committing to distribute at least 20% of the annual distributable profit to shareholders[98] - For the year 2020, the company did not propose any profit distribution due to a negative amount of distributable profit at the end of the period[100] - The company has a clear policy for profit distribution, prioritizing cash dividends while allowing for stock dividends under certain conditions[98] - The company aims to protect the rights of minority investors through its profit distribution policies[98] - The company’s board has approved the profit distribution plan, which is subject to shareholder approval[100] Environmental Responsibility - The company has not experienced any environmental pollution incidents during the reporting period and has not received any administrative penalties related to environmental protection[134] - The company has implemented strict monitoring of emissions, with a focus on maintaining compliance with environmental standards[141] - The company is committed to enhancing its environmental responsibility and sustainability practices in line with government policies[134] - The company has established a comprehensive environmental management system to ensure adherence to pollution discharge standards[134] - The company’s wastewater treatment meets the first-level B standard of the GB 18918-2002 for urban wastewater treatment plants[154] - The company has implemented odor control measures at the wastewater treatment station, achieving compliance with local standards for H2S and ammonia gas emissions[155] - The company has established a rainwater collection system to treat surface rainwater alongside wastewater, ensuring compliance with discharge standards[158] Shareholder Structure - The largest shareholder, Zhang Maoyi, holds 147,462,262 shares, representing 35.42% of the total shares[192] - The second-largest shareholder, Xia Kecai, owns 25,212,736 shares, accounting for 6.06% of the total shares[192] - Zhejiang Jiansheng Group Co., Ltd. holds 14,863,209 shares, which is 3.57% of the total shares[192] - Hangzhou Junda Investment Management Co., Ltd. has 14,100,000 shares, representing 3.39% of the total shares[193] - Hu Tianxing owns 8,640,000 shares, making up 2.08% of the total shares[193] - The total number of ordinary shareholders increased from 10,578 to 11,433 during the reporting period[190] - Zhang Maoyi is also the actual controller of the company, serving as the chairman and president[199] - There are no changes in the controlling shareholder or actual controller during the reporting period[196]