三达膜(688101) - 2020 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of CNY 876,447,101.03 in 2020, representing an increase of 18.12% compared to the previous year[24]. - Net profit attributable to shareholders decreased by 19.82% to CNY 221,805,911.11, primarily due to reduced investment income from joint ventures[22]. - The net cash flow from operating activities fell by 50.03% to CNY 118,098,323.81, largely impacted by the pandemic[24]. - Total assets increased by 7.16% to CNY 4,533,102,478.72 at the end of 2020[22]. - Basic earnings per share decreased by 38.32% to CNY 0.66 in 2020[23]. - The weighted average return on equity dropped by 9.53 percentage points to 6.87%[23]. - The company reported a quarterly revenue of CNY 347,811,641.84 in Q4 2020, the highest among the quarters[26]. - The company reported a total profit of CNY 37,716,252.07 for the year, a significant increase from CNY 6,946,929.07 in the previous year, representing a growth of approximately 442%[30]. Dividend Policy - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, totaling 66,776,000 RMB, which represents 30.11% of the net profit attributable to shareholders for 2020[5]. - The cash dividend policy stipulates a minimum distribution of 30% of distributable profits for the year, after covering losses and legal reserves[136]. - The company has established a differentiated cash dividend policy based on its development stage, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[135]. - The cash dividend distribution plan has been approved by the board and requires shareholder meeting approval for implementation[138]. - The company has maintained compliance with its cash dividend principles and policies, ensuring transparency and protection of minority shareholders' rights[138]. Research and Development - The company has developed advanced inorganic non-metal membrane materials and high-performance composite membrane materials, establishing a comprehensive membrane industry chain[34]. - The company’s investment in research and development has led to industry-leading positions in multiple membrane products, including nanofiltration cores and hollow fiber membranes[36]. - The company has established a "RDPA" research and development system focused on membrane technology applications, emphasizing a comprehensive technical development platform for research, development, pilot testing, and application[49]. - R&D investment totaled approximately ¥40.12 million, representing a 1.77% increase from the previous year, with R&D expenses accounting for 4.58% of operating revenue, down from 5.31%[68]. - The total R&D personnel count has increased to 198, representing 19.04% of the total workforce, with an average salary of 143,648.36 RMB[79]. Operational Risks and Compliance - The company has outlined various operational risks and corresponding mitigation measures in the report[4]. - The report includes a standard unqualified audit opinion from the accounting firm Rongcheng[4]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[153]. Environmental Commitment - The annual report highlights the company's commitment to clean production methods, aiming to reduce pollution and improve resource utilization efficiency[12]. - The company operates multiple wastewater treatment plants, adhering to the Class A and Class B standards of the "Urban Wastewater Treatment Plant Pollutant Discharge Standards" (GB18918-2002) with specific discharge limits for CODcr, ammonia nitrogen, total nitrogen, and total phosphorus[189][190]. - The company has established emergency response plans for sudden environmental incidents, ensuring rapid and effective responses to potential pollution events[194]. - The company has no reported incidents of non-compliance with pollutant discharge standards across its facilities[189][190]. Market Position and Strategy - Future outlook includes expanding market presence and exploring potential mergers and acquisitions to strengthen competitive positioning[12]. - The company has a market share exceeding 60% in the petrochemical PTA sector, indicating a leading position in water treatment business[84]. - The company is focusing on the development of new products and technologies to enhance market competitiveness and expand into new markets[72]. - The company is committed to becoming a global leader in membrane technology development and application, focusing on sustainable manufacturing and clean production[128]. Related Party Transactions - The company has committed to minimizing or avoiding related party transactions, ensuring compliance with market rules and fair practices[154]. - The company engaged in a related party lease transaction with San Da Membrane Technology Park Development (Xiamen) Co., Ltd., with an expected amount of RMB 240 million and an actual amount of RMB 249.82 million[159]. - The company has retained Rongcheng Accounting Firm for the 2020 financial and internal control audit, with a remuneration of RMB 1,200,000[154]. Future Investments and Projects - The company plans to invest raised funds in projects related to inorganic ceramic nanofiltration membranes and water purification systems, which may take time to yield economic benefits[100]. - The company is currently developing several projects, including a composite nanofiltration membrane with an expected total investment of ¥2.5 million, with a current investment of approximately ¥1.23 million[71]. - The company has obtained the necessary administrative approvals for overseas investment related to the membrane materials and technology R&D center project[179].