康普顿(603798) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥919,928,685.17, a decrease of 5.19% compared to ¥970,244,076.99 in 2019[22] - The net profit attributable to shareholders for 2020 was ¥105,064,942.05, an increase of 24.09% from ¥84,666,911.90 in 2019[22] - The net profit after deducting non-recurring gains and losses was ¥96,098,001.04, up 30.50% from ¥73,638,343.21 in 2019[22] - The net cash flow from operating activities reached ¥191,096,919.04, a significant increase of 636.44% compared to ¥25,948,610.54 in 2019[22] - The total assets at the end of 2020 were ¥1,167,295,103.34, reflecting a growth of 10.46% from ¥1,056,724,639.35 in 2019[22] - The net assets attributable to shareholders increased by 9.05% to ¥1,007,554,441.84 from ¥923,948,959.33 in 2019[22] - Basic earnings per share for 2020 were ¥0.53, representing a 26.19% increase from ¥0.42 in 2019[23] - The weighted average return on equity rose to 11.14%, an increase of 1.81 percentage points from 9.33% in 2019[23] Revenue Breakdown - The company's total revenue for Q1 was approximately CNY 221.76 million, Q2 was CNY 274.95 million, Q3 was CNY 234.98 million, and Q4 was CNY 188.24 million[25] - Net profit attributable to shareholders for Q1 was CNY 32.67 million, Q2 was CNY 33.11 million, Q3 was CNY 23.67 million, and Q4 was CNY 15.61 million[25] - The company's operating revenue for the current period is ¥919,928,685.17, a decrease of 5.19% compared to the same period last year[46] Cost Management - Operating costs decreased by 9.40% to ¥594,767,519.76, resulting in an improved gross margin of 35.35%, which is an increase of 3.01 percentage points year-over-year[48] - Sales expenses decreased by 8.06% year-on-year to CNY 111.11 million due to lower sales activity during the pandemic[44] - Research and development expenses decreased by 8.32% to ¥27,865,406.04, indicating a focus on cost management[46] - Financial expenses decreased by 28.82%, contributing positively to the overall financial performance[46] Market and Product Development - The company has developed a new series of lubricants, BluEngine, specifically designed for electric and hybrid vehicles, addressing the growing market for new energy vehicles[35] - The company has received the National Technology Invention Award for its innovative nano-lubricant technology, which enhances performance and energy efficiency[34] - The company launched new API SP/ILSAC GF-6 standard oils, enhancing performance for various vehicle models[41] - The company is focusing on the development of lubricants specifically for new energy vehicles, which is expected to be a rapidly growing segment[66] Sales and Distribution - The company has established over 700 distributors, enhancing its sales network and brand recognition[30] - The company developed 394 fleet customers and opened 4,574 new terminal stores during the reporting period[41] - The company focused on expanding its marketing network and enhancing brand visibility through strategic partnerships and advertising[40] Shareholder Information - The company plans to distribute a cash dividend of ¥1.2 per 10 shares, based on a total share capital of 197,268,961 shares after deducting repurchased shares[5] - The total distributable profit for shareholders was RMB 514,187,906.85, with a proposed cash dividend of RMB 1.2 per 10 shares, amounting to RMB 23,672,275.32, which represents 22.53% of the net profit[98] - The cash dividend for 2020 was 32.88% of the net profit attributable to shareholders[101] Environmental and Compliance - The company has implemented strict environmental protection measures, ensuring that emissions meet regulatory standards[119] - The company has established an emergency response plan for environmental incidents and conducts regular training and drills[120] - The company has maintained compliance with legal procedures in all entrusted financial management activities[115] Governance and Management - The company has independent directors, including Hong Xiaoming and Liu Huirong, each holding 80,000 shares and 46,700 shares respectively, with no changes in their holdings[135] - The board of directors consists of three independent directors, meeting the requirements set by the China Securities Regulatory Commission[151] - The company continues to focus on enhancing its governance structure through regular board elections and appointments[143] Audit and Internal Control - The internal control audit report issued a standard unqualified opinion, indicating no significant deficiencies in internal controls[166] - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2020[166] - The management is responsible for the fair presentation of financial statements in accordance with accounting standards, emphasizing the importance of internal controls[171]