SDSL(SZ:000407)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was CNY 4,596,360,862.81, a decrease of 14.06% compared to CNY 5,348,283,403.38 in 2019[11] - The net profit attributable to shareholders for 2020 was CNY 142,314,776.28, representing an increase of 6.66% from CNY 133,427,291.24 in 2019[11] - The net profit after deducting non-recurring gains and losses was CNY 96,600,332.66, down 22.37% from CNY 124,438,974.19 in 2019[11] - The net cash flow from operating activities was CNY 449,780,536.63, a decrease of 23.87% compared to CNY 590,797,664.03 in 2019[11] - Total revenue for 2020 was approximately ¥4.60 billion, a decrease of 14.06% compared to ¥5.35 billion in 2019[29] - The company reported a net loss of approximately 24.7 million CNY in its liquefied natural gas investment segment, indicating challenges in this area[68] - The company reported a total revenue of approximately 1.5 billion CNY for the year, with a significant contribution from natural gas sales and related services[68] Assets and Liabilities - The total assets at the end of 2020 were CNY 6,752,489,856.50, an increase of 3.74% from CNY 6,509,313,976.27 at the end of 2019[11] - The total liabilities of the company were not explicitly stated in the provided documents, but the overall financial health is indicated by the asset growth[186] - Total liabilities increased to RMB 3,851,088,095.34 in 2020, up from RMB 3,597,320,886.37 in 2019, representing a growth of 7.03%[187] - The total equity at the end of the current period stands at CNY 2,901,401,761.16, reflecting a slight decline from the previous year[199] Cash Flow - The net cash flow from operating activities decreased by 23.87% year-on-year, amounting to ¥449,780,536.63, primarily due to a decline in operating revenue and a decrease in advance payments[48] - The net cash flow from investing activities worsened by 74.20% year-on-year, resulting in a net outflow of ¥557,115,165.29, attributed to increased payments for pipeline construction and minority equity purchases[48] - The net cash flow from financing activities increased significantly by 104.40% year-on-year, reaching ¥12,099,013.72, mainly due to an increase in bank financing[48] Research and Development - Research and development expenses increased by 45.94% to CNY 28,135,939.75, reflecting a focus on enhancing R&D capabilities[41] - The number of R&D personnel increased significantly by 265.38% to 95, indicating a strategic investment in innovation[46] - R&D investment amounted to CNY 28,733,981.02, up 49.04% from the previous year, with R&D expenses constituting 0.63% of operating revenue[46] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, totaling CNY 176,016,931.20 based on 880,084,656 shares[5] - The company proposed a cash dividend of RMB 0.20 per 10 shares for 2020, totaling RMB 17,601,693.12, which is 12.37% of the net profit attributable to ordinary shareholders[83] - In 2019, the cash dividend was RMB 0.35 per 10 shares, amounting to RMB 30,802,962.96, representing 23.09% of the net profit attributable to ordinary shareholders[82] Market and Strategic Focus - The company is focusing on innovation and has accelerated the establishment of value-added business platforms, transitioning towards a "lifestyle service provider" strategy[25] - The company aims to expand its clean energy business, particularly in natural gas, and plans to explore hydrogen and marine energy as part of its strategic development[71] - The company plans to optimize its financing structure and reduce financial costs by exploring multiple financing channels in 2021[72] Governance and Compliance - The company has established a comprehensive governance structure, ensuring clear responsibilities among the board, supervisory board, and management[156] - The company adheres to strict information disclosure regulations, ensuring transparency and protecting minority investors' rights[156] - The audit opinion issued was a standard unqualified opinion, indicating that the financial statements fairly present the company's financial position[174] Social Responsibility - The company actively undertakes social responsibility, contributing to public welfare and ensuring energy supply and safety during the pandemic[113] - The company emphasizes the importance of creating wealth and giving back to society as part of its corporate spirit[113] - The company has provided free installation services for vulnerable groups and donated epidemic prevention materials to various institutions[113]