JAHB(SH:603822)2020-03-04 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 53,749,385.92 RMB in 2018, representing a 5.42% increase compared to 50,986,324.93 RMB in 2017[4]. - Operating revenue for 2018 was 1,039,488,644.34 RMB, reflecting a 17.78% growth from 882,577,049.62 RMB in 2017[19]. - The net asset attributable to shareholders increased by 4.15% to 749,683,103.17 RMB at the end of 2018, compared to 719,794,414.26 RMB at the end of 2017[20]. - Total assets rose by 8.37% to 1,442,343,672.67 RMB in 2018, up from 1,330,919,640.87 RMB in 2017[20]. - Basic earnings per share for 2018 increased by 5.42% to CNY 0.7328 compared to CNY 0.6951 in 2017[21]. - The weighted average return on equity decreased by 0.58 percentage points to 7.25% in 2018 from 7.83% in 2017[21]. - The company reported a net cash flow from operating activities of -57,932,585.80 RMB in 2018, a significant decrease of 137.19% compared to 155,757,127.61 RMB in 2017[20]. - Non-recurring gains and losses totaled CNY 2,167,330.40 in 2018, compared to CNY 12,994,746.39 in 2017[24]. Production and Capacity - The total production capacity of the company's environmental additives increased by 44.55% to 146,000 tons/year in 2018[28]. - The company's environmental additives output reached 119,900 tons in 2018, reflecting a 17.62% increase year-on-year[28]. - In 2018, the company's production of environmental additives reached 119,900 tons, with a capacity utilization rate of 82.12%, significantly higher than the industry average[30]. - The company completed the installation of a 20,000-ton high-end benzene-free plasticizer project, which is set to enter trial production in 2019, further enhancing production capacity[31]. - The company produced 76,752.42 tons of biomass energy products in 2018, a 30.30% increase compared to the previous year, while sales reached 71,635.29 tons, up 25.02%[35]. Market and Sales - The market share of the company's environmental plasticizers increased to 20.9% in 2018, up from 13.42% in the previous year, marking a 7.48% increase[31]. - The sales volume of the company's main products, environmental plasticizers and stabilizers, reached 109,267.2 tons, representing a year-on-year growth of 14.83%[31]. - The overall sales volume of eco-friendly plasticizers reached 103,532.65 tons, an increase of 14.06% compared to the previous year[44]. - The sales revenue from domestic markets reached CNY 772.78 million, reflecting a year-on-year increase of 12.86%[89]. - The export sales revenue amounted to CNY 261.33 million, showing a significant year-on-year increase of 49.68%[89]. Research and Development - Research and development expenses increased by 59.34% to 25.89 million yuan in 2018, focusing on developing new eco-friendly plasticizers[50]. - The company organized 18 R&D projects in 2018, with research and development expenses amounting to CNY 25.89 million[77]. - The R&D focus for 2019 includes developing new catalysts and separation processes to introduce more cost-effective and environmentally friendly products to the market[113]. Environmental and Safety Measures - The company emphasizes the importance of safety and environmental protection as critical to sustainable development, ensuring no major accidents occur[111]. - The company has implemented an emergency response plan for environmental pollution incidents, complying with national regulations[157]. - The company has maintained compliance with pollution discharge standards, with no exceedances reported for key pollutants[152]. Shareholder and Stock Management - The company plans to distribute a cash dividend of 2.28 RMB per 10 shares to all shareholders, based on the total share capital on the dividend record date[4]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be allocated for cash dividends each year[118]. - The company will initiate a share buyback within 10 days if the China Securities Regulatory Commission identifies any false statements or omissions in the prospectus[123]. - The company intends to hold its shares long-term and will comply with regulations regarding shareholder reductions after the lock-up period[124]. Financial Management and Investments - The company has invested a total of $291.41 million from its own funds and $310.57 million from raised funds in bank wealth management products, with no overdue amounts reported[145]. - The annualized return rates for various wealth management products range from 3.1% to 5.38%, indicating a diverse investment strategy[148]. - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 31.5 million, representing 4.05% of the company's net assets[143]. Employee and Management Structure - The company has a total of 445 employees, with 256 in the parent company and 189 in major subsidiaries[199]. - The employee composition includes 213 production personnel, 40 sales personnel, 79 technical personnel, 20 financial personnel, and 93 administrative personnel[199]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 2.8473 million yuan[196].