CBG(SZ:000009)2021-03-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders, based on a total of 2,579,213,965 shares[2] - For the 2020 fiscal year, the company plans to distribute a cash dividend of 0.30 CNY per 10 shares, pending shareholder approval[83] - The company distributed a cash dividend of 0.20 CNY per 10 shares for the 2019 fiscal year, totaling 77,376,418.95 CNY, which represents 11.69% of the net profit attributable to shareholders[79] - The company's net profit for 2020 was 661,761,423.40 CNY, with a total distributable profit of 462,675,148.36 CNY after accounting for previous dividends[82] - The company reported a cash dividend payout ratio of 11.69% for 2020, compared to 17.13% for 2019 and 20.11% for 2018[81] Financial Performance - The company's operating revenue for 2020 was ¥10,593,850,771.90, a decrease of 11.34% compared to ¥11,948,727,206.58 in 2019[14] - The net profit attributable to shareholders for 2020 was ¥661,761,423.40, representing a 119.75% increase from ¥301,136,296.48 in 2019[13] - The net cash flow from operating activities decreased by 51.03% to ¥655,142,169.90 in 2020 from ¥1,337,727,570.11 in 2019[13] - The basic earnings per share for 2020 was ¥0.2566, up 119.69% from ¥0.1168 in 2019[13] - Total assets at the end of 2020 were ¥31,856,615,637.93, an increase of 5.45% from ¥30,209,805,595.97 at the end of 2019[13] Business Strategy and Focus - The company reported a significant change in its business scope, focusing on high-tech industries such as new materials and renewable energy since August 2014[9] - The company aims to build a high-tech industrial group focused on new materials, emphasizing efficiency and low debt[21] - The company is actively expanding its market presence by adjusting product layouts and exploring new domestic clients amid challenges from the pandemic and trade tensions[29] - The company plans to expand its market presence and enhance its product offerings in the high-tech and biopharmaceutical sectors[39] - The company plans to enhance operational efficiency in the real estate sector by focusing on inventory reduction and sales promotion amid tightening regulations[74] Risk Management - The company emphasizes the importance of risk factors and has outlined potential risks and countermeasures in its annual report[2] - The company has faced risks in the real estate sector due to tightening financing channels and macroeconomic uncertainties, which may impact operations[77] - The high-tech industry faces risks from policy changes, technological obsolescence, and environmental pressures, which the company plans to mitigate through lean management and enhanced customer engagement[75] - The biopharmaceutical sector is at risk from regulatory changes and quality control challenges, which the company will address by improving its analysis of industry policies and enhancing product safety[76] Legal Matters - The company is currently in litigation regarding the leasing of land to Shenzhen Baoan Xinfeng Comprehensive Trading Department, with ongoing court proceedings[97] - The company is involved in a lawsuit regarding the invalidation of a land lease agreement, seeking the return of rent amounting to RMB 7,999,200 and interest of RMB 16,353,100[98] - The company has initiated legal action against Gan Zhou Xin Lei Rare Earth New Materials Co., Ltd. and its actual controller, with ongoing enforcement actions[98] - The company is actively managing its legal risks and pursuing claims to recover outstanding debts[98] - The company is pursuing claims against Sanmenxia Suda Transportation Energy-saving Technology Co., Ltd. for 13.35 million CNY, with ongoing legal proceedings[103] Environmental Responsibility - Bettery New Materials Group Co., Ltd. reported a wastewater discharge of 12,517 tons/year, with a total allowable discharge of 19,800 tons/year, indicating no exceedance of discharge standards[126] - Betterray New Materials Group Co., Ltd. was recognized as a "National Green Factory" by the Ministry of Industry and Information Technology, indicating its commitment to sustainable practices[133] - The company completed the environmental impact assessment for its negative electrode production line expansion project, receiving approval and passing environmental inspections[130] - The company has established multiple monitoring wells and accident pools to manage environmental risks effectively[128] - The company reported a water conservation achievement of over 27,000 tons in 2020, reflecting its commitment to resource efficiency[133] Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective oversight and management[170] - The board of directors includes various committees such as the audit committee and the remuneration and assessment committee to enhance governance[170] - The company has a performance evaluation system for senior management, linking salary increases to personal performance and the completion of the group's profit targets, with increases ranging from 0 to 2 months' salary[183] - The company has maintained a stable leadership structure, with all current directors and supervisors in their positions since June 27, 2019[152] - The attendance rate for the first extraordinary general meeting in 2020 was 19.56%, while the attendance for the 2019 annual general meeting was 19.00%[173] Market Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[159] - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[159] - A strategic acquisition of a local competitor is expected to be finalized in Q2 2021, which will enhance the company's product offerings and market reach[159] - The company aims to reduce operational costs by 10% in 2021 through efficiency improvements and technology integration[159] - The company launched two new products in Q4 2020, contributing to a 5% increase in overall sales[159]