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金鸿顺(603922) - 2020 Q4 - 年度财报
JHSJHS(SH:603922)2021-04-29 16:00

Financial Performance - The company's operating revenue for 2020 was RMB 469,621,448.28, a decrease of 38.87% compared to RMB 768,253,708.46 in 2019[22] - The net profit attributable to shareholders of the listed company was RMB 7,574,619.53, an increase of 108.50% from a loss of RMB 89,139,587.68 in 2019[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 28,800,697.86, improving by 69.44% from a loss of RMB 94,232,591.45 in 2019[22] - The net cash flow from operating activities was RMB 106,117,442.38, down 24.97% from RMB 141,439,239.36 in 2019[22] - Basic earnings per share increased by 108.57% to CNY 0.06 from CNY -0.70 in the previous year[24] - Net profit rose by 108.50% year-on-year, primarily due to improved gross margin from lower raw material costs and efficiency gains[24] - Operating revenue decreased by 38.87%, attributed to a decline in sales of supporting vehicle models and reduced customer orders[24] - The gross profit margin improved slightly due to a decrease in raw material prices and enhanced operational efficiency[44] - The company reported an investment income of RMB 25.14 million for 2020, an increase of 192.74% compared to the previous year[68] Assets and Liabilities - The total assets at the end of 2020 were RMB 1,216,695,457.36, a decrease of 12.61% from RMB 1,392,239,465.66 at the end of 2019[23] - The net assets attributable to shareholders of the listed company at the end of 2020 were RMB 1,039,144,826.69, an increase of 0.73% from RMB 1,031,570,207.16 at the end of 2019[23] - The total liabilities decreased by 50.77% to 177,550,630.67 from 360,669,258.50 (25.91%) year-over-year[61] - Total current assets decreased by 7.73% to 823,252,476.89 from 892,221,146.65, which was 64.09% of total assets[60] - The company's cash and cash equivalents decreased from CNY 209,901,451.40 in 2019 to CNY 195,533,977.39 in 2020, representing a decline of approximately 6.5%[182] Research and Development - The company successfully launched 16 projects into mass production and undertook 14 new R&D projects in 2020, with 33 projects in development by year-end[41] - The company holds a total of 24 invention patents and 72 utility model patents, with 5 new invention patents and 6 utility model patents added in 2020[42] - The company’s R&D expenses decreased by 28.52% to CNY 21.14 million compared to the previous year[49] - The company aims to increase R&D investment in 2021 to enhance technical capabilities and reduce new product development cycles[77] Market and Industry Trends - In 2020, China's domestic automobile production and sales were 25.225 million and 25.311 million vehicles, respectively, with year-on-year declines of 2.0% and 1.9%[34] - The automotive market in China is expected to enter a phase of fluctuating growth due to rising national income and consumer purchasing power[34] - The automotive industry faces significant challenges due to increased competition and market pressures, necessitating rapid adaptability and sustainable development strategies[72] Customer and Supplier Relations - The company’s top five customers accounted for 54.16% of total annual sales, while the top five suppliers represented 61.74% of total annual purchases[54] - The company has expanded its customer base to include major domestic automakers and renowned multinational automotive suppliers[38] Dividend Policy and Shareholder Relations - The company plans to distribute a cash dividend of RMB 0.2 per 10 shares, totaling RMB 2,560,000.00, subject to approval at the annual general meeting[5] - The company’s cash dividend policy stipulates that at least 20% of the distributable profit should be distributed in cash if the net profit is positive and there are retained earnings[82] - The company emphasizes communication with minority shareholders during the dividend proposal process, ensuring their opinions are considered[87] Environmental Compliance - The company has been listed as a key pollutant discharge unit due to soil hazardous waste, but no major environmental violations or penalties occurred during the reporting period[117] - The company’s nitrogen oxides emissions were measured at 12 mg/m3, significantly below the standard of 300 mg/m3[117] - The company has developed an emergency response plan for environmental incidents, which has been filed with relevant authorities[122] Corporate Governance - The board of directors held 8 meetings during the year, with all directors attending in person[162] - The company maintained compliance with the Shanghai Stock Exchange's disclosure requirements, ensuring timely and accurate information dissemination to all shareholders[167] - The internal control audit report issued by Huaxing Accounting Firm confirmed the effectiveness of the company's internal controls with a standard unqualified opinion[166]