泰达股份(000652) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥18.83 billion, a decrease of 6.58% compared to ¥20.16 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥203.59 million, down 35.50% from ¥315.63 million in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 165.70% to ¥90.43 million in 2020 from ¥34.03 million in 2019[16]. - The net cash flow from operating activities was ¥303.94 million, a significant decline of 76.17% compared to ¥1.28 billion in 2019[17]. - The basic earnings per share for 2020 was ¥0.138, a decrease of 35.50% from ¥0.214 in 2019[17]. - The total assets at the end of 2020 were ¥33.62 billion, a decrease of 1.81% from ¥34.24 billion at the end of 2019[17]. - The company's net assets attributable to shareholders increased by 3.35% to ¥4.97 billion at the end of 2020 from ¥4.81 billion at the end of 2019[17]. - The total operating revenue for 2020 was approximately ¥18.83 billion, a decrease of 6.58% compared to ¥20.16 billion in 2019[57]. - The company's gross margin for the real estate sector was 18.77%, a decrease of 13.83% from the previous year[60]. - The gross margin for the textile and apparel sector was 64.88%, an increase of 38.59% year-over-year[61]. Business Operations - The company has undergone a change in its main business scope, now focusing on investments in various industries including real estate, energy, and environmental management[15]. - The company operates in multiple sectors, including construction, real estate, and environmental services, reflecting a diversified business model[15]. - The company operates in four main sectors: ecological environment protection, regional development, energy trading, and equity investment, with no significant changes in the business model during the reporting period[23]. - The ecological environment protection sector includes six operational waste-to-energy projects and two landfill projects, with 13 additional projects under construction[24]. - The company has invested in several financial institutions, including Bohai Securities and Northern Trust, but there were no significant changes in major equity assets during the reporting period[28][29]. - The company has increased investment in construction projects, particularly in waste incineration power generation, contributing to the growth of its in-progress projects[29]. - The company has established a strong operational model through a combination of primary and secondary development in regional projects, focusing on maximizing project returns[26]. - The company has maintained a steady operational performance despite challenges, successfully completing its 13th Five-Year Plan[35]. Shareholder Information - The company reported a profit distribution plan, proposing a cash dividend of 0.10 CNY per 10 shares based on a total of 1,475,573,852 shares[5]. - The company has a cash dividend policy that ensures at least 30% of the average distributable profit over the last three years is distributed to shareholders, with a recent cash dividend of 0.10 yuan per share proposed for 2020[119]. - In 2020, the company distributed cash dividends of 14,755,738.52 CNY, which is 7.25% of the net profit attributable to shareholders[124]. - For 2019, the cash dividends amounted to 59,022,954.08 CNY, representing 18.70% of the net profit attributable to shareholders[123]. - The total distributable profit at the end of 2020 was 1,745,349,601.74 CNY, with 1,730,593,863.22 CNY remaining for future distribution[125]. Investment and Financing - The company issued 3.56 billion yuan in public bonds and received approval for 2 billion yuan in private bonds and 300 million USD in bonds, aiming to optimize its debt structure[41]. - The company successfully issued corporate bonds totaling ¥15 billion, with a net fundraising amount of ¥35,155 million, all of which has been utilized by the end of 2020[95]. - The company plans to explore new investment and financing models to address project funding challenges while focusing on waste incineration power generation[109]. - The company aims to enhance its financial management by innovating financing structures and actively promoting various bond issuances, including public bonds and green corporate bonds[111]. Environmental and Technological Initiatives - The company is recognized as a national high-tech enterprise and has received multiple awards for its technological advancements in clean filtration materials[25]. - The company is committed to enhancing its technological capabilities, including the development of biodegradable materials and carbon-neutral technologies[110]. - The company has implemented a combination of "SNCR + semi-dry desulfurization + activated carbon injection + bag filter" for flue gas treatment in multiple projects, ensuring emissions meet the standards set by GB18485-2014[185]. - The company has adopted a "biological treatment + membrane treatment" process for leachate in six operational projects, with all treated water reused for site greening and cooling[188]. - The company has ensured that all projects comply with local environmental regulations regarding emissions and waste management, achieving zero discharge in the Double Port project[188]. Risk Management and Compliance - The company emphasizes risk management and internal control, aiming to reduce guarantee risks and enhance legal risk prevention measures[112]. - The company has not reported any significant changes in the measurement attributes of its main assets during the reporting period[82]. - The company has not experienced any significant litigation or arbitration matters during the reporting period, with minor cases totaling 232.76 million yuan[142]. - The company has not approved any external guarantees during the reporting period, with a total guarantee amount of 0[158]. Subsidiaries and Shareholder Relations - The company’s wholly-owned subsidiary, Zaozhuang Taida Environmental Garbage Treatment Co., Ltd., was deregistered on September 8, 2020[200]. - The company’s controlling subsidiary, Hebei Dongdu Real Estate Development Co., Ltd., completed deregistration on August 5, 2020[200]. - The company’s controlling subsidiary, Sanhe Yide Technology Co., Ltd., completed deregistration on November 3, 2020[200]. - The company has engaged PwC Zhongtian as the domestic accounting firm, with an audit fee of 3.69 million yuan and a continuous service period of 7 years[139].