国际实业(000159) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 551,674,613.47, representing an increase of 28.18% compared to CNY 430,394,496.63 in 2019[16] - The net profit attributable to shareholders in 2020 was CNY 88,714,818.44, a significant increase of 191.67% from CNY 30,416,046.77 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,913,210.76, recovering from a loss of CNY 15,721,120.34 in 2019, marking an increase of 188.50%[16] - The basic earnings per share for 2020 was CNY 0.1846, up 191.63% from CNY 0.0633 in 2019[16] - The company's net profit for 2020 was 240,039,176.44 yuan, with retained earnings carried forward from previous years amounting to 695,003,508.60 yuan[97] - The company’s net profit attributable to the parent company was CNY 8,871.48 million, reflecting a substantial growth of 191.67% year-on-year[36] Assets and Liabilities - The total assets at the end of 2020 were CNY 2,679,380,639.68, a decrease of 4.89% from CNY 2,817,079,342.59 at the end of 2019[17] - As of the end of 2020, cash and cash equivalents decreased by 2.88% to CNY 57,128,129.25, compared to CNY 141,001,871.86 at the beginning of the year[60] - Accounts receivable increased by 0.43% to CNY 25,353,271.11, up from CNY 14,694,890.05 at the beginning of the year[60] - Inventory increased by 0.31% to CNY 701,505,350.20, compared to CNY 728,845,005.14 at the beginning of the year[61] - Long-term equity investments rose significantly by 3.97% to CNY 556,137,037.10, attributed to investment income recognized under the equity method[61] - The total assets of Xinjiang International Industrial Co., Ltd. amounted to 100% of the consolidated financial statements[199] Cash Flow - The net cash flow from operating activities for 2020 was CNY -46,591,951.63, an improvement of 50.65% compared to CNY -94,405,066.32 in 2019[16] - Investment activity generated a net cash inflow of 117,145,410.00 yuan in 2020, a significant turnaround from a net outflow of 106,289,814.84 yuan in 2019, reflecting a 210.21% increase[55] Revenue Segments - The oil sales segment generated revenue of CNY 42,251 million, up 17.42% year-on-year, accounting for 76.59% of total revenue[39] - The real estate development segment reported revenue of CNY 5,970.67 million, a significant increase of 117.17% year-on-year[34] - The storage service segment experienced a revenue decline of 9.39% year-on-year, generating CNY 18,521 million[39] - The core business of oil products saw revenue growth despite challenges posed by the pandemic, with effective asset optimization supporting main business development[27] Investments and Projects - The company invested in a biodiesel project with an annual production capacity of 30,000 tons, focusing on refining acid oil during the reporting period[25] - The company plans to conduct technical modifications to the biodiesel project to address issues with the production process[35] - The company completed a significant equity investment of CNY 24,000,000.00 in a private equity fund, acquiring a 5.90% stake[68] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, based on a total of 480,685,993 shares[4] - The total distributable profit for 2020 was 901,425,047.54 yuan, with the cash dividend constituting 100% of the profit distribution[97] - The company declared a cash dividend of 0.20 yuan per 10 shares for the year 2020, totaling 9,613,719.86 yuan, which represents 10.84% of the net profit attributable to shareholders[96] Shareholder Structure - The company’s total share capital as of the end of 2020 was 480,685,993 shares[98] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 23.67% of the shares, totaling 113,781,316 shares, with a decrease of 4,796,160 shares during the reporting period[152] - The actual controller of the company is Zhang Yanfu, a natural person from China, who has not changed during the reporting period[155] Governance and Compliance - The company has engaged Zhongzheng Huacai Accounting Firm for internal control audit services, with a fee of 300,000 yuan[111] - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[108] - The company has established a complete independent financial management system, ensuring independent accounting and tax compliance[186] Social Responsibility and Environmental Compliance - The company donated CNY 50,000 for the construction of a basketball court in impoverished areas in 2020[134] - The company actively participated in social welfare activities, donating nearly CNY 300,000 in pandemic prevention materials and cash to medical institutions[133] - The company has established a pollution prevention monitoring management system in compliance with environmental laws and regulations[137] Employee Structure and Compensation - The total number of employees in the company is 258, with 34 in the parent company and 224 in major subsidiaries[174] - The company has a total compensation of 1,230.6 million yuan for directors, supervisors, and senior management during the reporting period[174] - The remuneration for the chairman and general manager is 3.39 million yuan, while the financial director receives 1.48 million yuan[172] Risk Management - The company has implemented a risk management culture, enhancing the effectiveness of its internal control system[183] - The company anticipates challenges in oil price fluctuations due to ongoing international trade tensions and the impact of the COVID-19 pandemic on the macroeconomic environment[86]