SLKG(SZ:000019)2021-04-26 16:00Financial Performance - The company reported a total revenue of RMB 1,152,535,254 for the year 2020, with a cash dividend of RMB 2 per 10 shares distributed to all shareholders[8]. - The company's operating revenue for 2020 was ¥11,884,527,506.34, an increase of 7.46% compared to ¥11,059,984,335.92 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥405,088,385.54, representing an 11.44% increase from ¥363,501,809.52 in 2019[25]. - The net profit after deducting non-recurring gains and losses was ¥374,210,363.49, up 6.64% from ¥350,898,272.66 in 2019[25]. - The net cash flow from operating activities increased by 50.76% to ¥286,528,222.27 from ¥190,053,823.97 in 2019[25]. - The total assets at the end of 2020 were ¥7,309,384,147.93, a 7.89% increase from ¥6,775,067,275.86 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥4,595,331,999.76, up 3.95% from ¥4,420,751,187.57 at the end of 2019[26]. - The basic earnings per share for 2020 was ¥0.3515, an increase of 11.45% compared to ¥0.3154 in 2019[25]. - The company reported a weighted average return on equity of 8.99% for 2020, up from 8.46% in 2019[25]. - The total profit for the year was 458 million yuan, an increase of 29 million yuan from 429 million yuan last year, with a growth rate of 6.76%[47]. Business Expansion and Strategy - The company has expanded its main business to include grain and oil trading, processing, storage, and logistics, in addition to its original focus on food raw materials production and sales[22]. - The company has made significant changes to its business scope since February 2019, enhancing its service offerings in the modern grain supply chain[22]. - The company has transformed into a competitive and influential "billion" backbone grain enterprise, focusing on sustainable high-quality development in the food industry[40]. - The company has established a comprehensive service platform for grain circulation, integrating functions such as storage, logistics, and quality inspection, enhancing operational efficiency[40]. - The company has launched new products including "Yueqiu Tea Wine" and "Black-faced Spoonbill Bama Spring Drinking Water" during the reporting period[36]. - The company has signed a cooperation framework agreement to build a modern smart agriculture industrial park in Pingshan District, further expanding its market presence[48]. - The company plans to continue expanding its logistics and warehousing capabilities, with significant investments in related infrastructure projects[79]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in its annual report, emphasizing the importance of risk management[7]. - The company recognizes the risk of COVID-19 impacting production and supply chains, and it is committed to strict pandemic prevention measures to ensure orderly operations[98]. - Food safety is identified as a major risk, with the company emphasizing strict compliance with food safety regulations and enhancing quality control measures[98]. - The company has faced risks from raw material price fluctuations due to global monetary policies and the COVID-19 pandemic, impacting supply chains and commodity prices[99]. - The company is addressing market competition risks by optimizing procurement channels and enhancing brand promotion to improve market presence[99]. Research and Development - The company has developed over 50 invention patents in tea powder and plant extraction technologies, showcasing its strong R&D capabilities in the food and beverage sector[41]. - Research and development expenses increased by 22.20% year-on-year, totaling ¥16,617,944.25 in 2020[64]. - The total amount of research and development investment was ¥46,739,359.46, representing 0.39% of operating income[66]. Corporate Governance and Compliance - The company has committed to ensuring compliance with corporate governance standards post-restructuring, enhancing the governance structure to protect shareholder interests[124]. - The company has established a clear and transparent process for profit distribution, ensuring the protection of minority shareholders' rights[103]. - The company has committed to full compensation for any losses incurred due to legal responsibilities arising from property issues within 30 working days[116]. - The company will ensure that all shareholders, especially minority shareholders, have equal rights and can exercise their rights legally[124]. Shareholder Information - The company’s major shareholder, Food Material Group, holds 79,484,302 A shares, accounting for 16% of the total share capital, following a transfer of shares completed in April 2018[22]. - The total number of shareholders was 60,874, with 57,980 being ordinary shareholders[185]. - The controlling shareholder, Shenzhen Food Material Group, holds 63.79% of the shares, totaling 735,237,253 shares[189]. - The second largest shareholder, Shenzhen Agricultural Products Group Co., Ltd., holds 8.23% of the shares, totaling 94,832,294 shares[189]. Environmental and Social Responsibility - The company emphasizes compliance with environmental laws and sustainable development practices[166]. - The company invested 641,500 in poverty alleviation efforts, which included helping 140 registered impoverished individuals to escape poverty[168]. - The company plans to continue its targeted poverty alleviation efforts in 2021, focusing on consolidating poverty alleviation results and preventing the return of poverty due to disasters or illness[174].