SHBM(SH:900939)2021-03-30 16:00Financial Performance - The company's total revenue for 2020 was CNY 18,931,372.81, representing a 56.26% increase compared to CNY 12,115,202.91 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 17,286,777.74, a significant increase of 128.75% from CNY 7,556,897.10 in 2019[20] - The net cash flow from operating activities reached CNY 10,590,247.84, up 57.53% from CNY 6,722,764.05 in the previous year[20] - The operating profit for 2020 was RMB 2,282.36 million, representing a significant increase of 143.14% year-on-year[32] - The net profit attributable to shareholders for 2020 was RMB 1,728.68 million, up 128.75% from the previous year[32] - The company reported a net profit of ¥1,671.37 million from Shanghai Huili Flooring Products Co., Ltd., which had total assets of ¥1,860.35 million[54] - The company reported a net loss of RMB 157,809,245.03 for the year, an improvement from a loss of RMB 175,096,022.77 in 2019, representing a reduction in losses of approximately 9.2%[141] - The total comprehensive income for 2020 was CNY 362,571.40 million, down from CNY 571,323.66 million in 2019, indicating a decline of 36.5%[152] Assets and Liabilities - The company's total assets increased by 15.82% to CNY 122,666,206.82 at the end of 2020, compared to CNY 105,914,103.51 at the end of 2019[20] - As of December 31, 2020, the company's total assets amounted to RMB 12,266.62 million, with total liabilities of RMB 2,171.38 million and equity attributable to shareholders of RMB 9,750.62 million[29] - Total liabilities were reported at RMB 21,713,826.35, a decrease from RMB 22,220,281.17, showing a reduction of about 2.3%[140] - The company's equity attributable to shareholders increased to RMB 97,506,169.76 from RMB 80,272,529.50, marking a growth of approximately 21.5%[141] - The total liabilities to equity ratio improved to approximately 21.5%, down from 26.6% in the previous year, indicating a stronger equity position[140] Cash Flow - Cash and cash equivalents at the end of the period reached ¥55,058,431.35, accounting for 44.88% of total assets, a 105.06% increase compared to the previous period[48] - The cash flow from investment activities was -276.64 million RMB, an increase in outflow compared to -168.77 million RMB last year[45] - The cash and cash equivalents at the end of 2020 were CNY 9,723,209.13, a decrease from CNY 26,849,716.20 at the end of 2019[156] - The ending balance of cash and cash equivalents was CNY 5.35 million in 2020, down from CNY 23.68 million in 2019, indicating a decline of approximately 77.6%[159] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,303, an increase from 11,299 at the end of the previous month[87] - The largest shareholder, Shanghai Huili Group, held 51,989,300 shares, representing 28.64% of the total shares[89] - The company emphasizes the protection of shareholders' rights, particularly for minority shareholders, through a robust governance structure[82] - The company has no shareholders holding more than 10% of the shares[95] Governance and Management - The company has maintained a complete internal control system to ensure scientific management and protect the legal rights of shareholders[82] - The company actively engages with investors, responding to inquiries and participating in investor reception activities[82] - The company has implemented a performance evaluation system to ensure competitive salary structures for employees[81] - The company has established a performance evaluation and incentive mechanism for all employees[115] Future Outlook and Strategy - The company aims to expand its main business revenue while ensuring profitability, focusing on sustainable operations[58] - The company expects to achieve a minimum of 17 million yuan in main business revenue for 2021, with expenses capped at 5.8 million yuan, maintaining profitability for the year[59] - The company plans to enhance its leasing services for its own properties, particularly in the Shanghai Kangqiao area, where the current tenant's lease will extend until the end of 2021[59] - The company aims to continue expanding its main business in 2021, with a focus on growth despite existing uncertainties in strategy and market position[61] Risks and Challenges - The company has outlined potential risks in its future development strategy, which investors should be aware of[6] - The rental market's supply and demand dynamics are uncertain due to recent trade disputes and the pandemic, impacting future leasing opportunities[57] - The company faces risks related to its small business scale and slow growth, particularly concerning the leasing of its properties, which is a significant source of revenue[61] Compliance and Reporting - The company has implemented new revenue recognition standards starting January 1, 2020, which do not retroactively affect 2019 financial indicators[67] - The company retained Zhonghua Accounting Firm for its 2020 annual audit, with an audit fee of 318,000 yuan[70] - The company completed four regular reports and 34 temporary announcements during the reporting period, ensuring timely information disclosure[115]