JMPT(SZ:000700)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was CNY 6,124,452,567.36, representing an increase of 11.57% compared to CNY 5,489,528,084.66 in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 249,575,704.28, a 47.84% increase from CNY 168,816,495.35 in 2019[16]. - The basic earnings per share for 2020 was CNY 0.50, a decrease of 86.99% from CNY 0.123 in 2019[16]. - The net cash flow from operating activities for 2020 was CNY 26,880,764.85, up 37.55% from CNY 19,542,864.63 in 2019[16]. - Total assets increased by 6.60% to ¥8,363,319,760.32 compared to ¥7,845,660,641.63 in the previous year[17]. - Net profit attributable to shareholders was ¥2,759,341,207.49, reflecting a 16.39% increase from ¥2,370,791,573.80 in 2019[17]. - The company achieved a total revenue of ¥2,069,022,522.09 in Q4 2020, marking a significant increase in sales performance[20]. - The company reported a net cash flow from operating activities of ¥227,569,316.98 in Q3 2020, indicating improved cash generation capabilities[20]. - The company reported a production yield improvement for its spoiler production, achieving an average qualification rate of over 95%[41]. - The company reported a production volume of 303.59 thousand bumpers, a 4.38% increase compared to the previous year, and a sales volume of 304.22 thousand bumpers, up 5.90% year-on-year[55]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.18 per 10 shares, based on a total of 917,052,789 shares[4]. - The cash dividend for 2019 was 1.30 CNY per 10 shares, amounting to 119,215,853.64 CNY, which represented 116.04% of the net profit attributable to ordinary shareholders[116]. - The cash dividend payout ratio for 2020 is 1,390.37%, indicating a significant return to shareholders despite the company's net profit of 14,378,735.60 CNY[116]. - The total distributable profit for the year is 519,138,952.56 yuan, with the cash dividend representing 100% of the total profit distribution[118]. - The company has maintained a consistent cash dividend policy over the past three years, with increasing amounts distributed each year[112]. Business Expansion and Strategy - The company has expanded its business into the healthcare industry, marking a shift from solely automotive parts to a dual focus on automotive and healthcare sectors[15]. - The company is expanding its investment in the healthcare sector with the establishment of Mingci Hospital, focusing on cardiovascular diseases and diabetes[26]. - The company plans to continue expanding into the new energy vehicle sector, having already developed new clients such as BYD and NIO[42]. - The company aims to enhance its research and development capabilities and cost control to improve market competitiveness[43]. - The company plans to strengthen cooperation with multinational companies to enhance design, manufacturing technology, and management methods, aiming for a dominant position in the domestic market and competitiveness in the international market[99]. Production and Operations - The automotive segment produced over 6 million sets of bumpers annually, establishing the company as a leading supplier in high-end automotive exterior parts[25]. - The company has established production bases in multiple locations including Wuxi, Shanghai, Yantai, Wuhan, Shenyang, Beijing, the USA, and Mexico, providing services close to major manufacturers[35]. - The company has an annual production capacity of over 6 million sets of bumpers, achieving a certain level of economies of scale[35]. - The production of side skirts increased by 42.38% to 212.58 thousand units, while sales rose by 53.84% to 211.70 thousand units, driven by the development of new projects[55]. - The company experienced a decline in the production of electroplated parts, with a production volume of 4214.70 thousand units, down 10.92% year-on-year, and sales decreased by 15.21% to 4210.72 thousand units[55]. Risk Management and Challenges - The company emphasizes the importance of risk awareness regarding its future operational plans and strategies[4]. - The company faced challenges in 2020 due to the pandemic but managed to maintain stable operations and adapt to market changes[25]. - The domestic passenger car market faced a decline of 6.5% in production and 6% in sales in 2020 due to the COVID-19 pandemic, impacting the company's revenue and profitability[103]. - The company will implement measures to mitigate market risks, including maintaining good cooperation with major manufacturers and actively exploring new customers, especially in the new energy sector[103]. - The company faces human resource risks due to increasing demand for talent across various departments as it expands its operations[105]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[157]. - Emissions of non-methane total hydrocarbons are at 4 mg/m³, while nitrogen oxides are at 3 mg/m³, both below the regulatory limits[157]. - The company reported a total emission of 11.8 tons of non-methane total hydrocarbons annually, with no exceedance of discharge standards[157]. - The company has implemented measures to ensure that all emissions meet or exceed environmental standards[157]. - The company has established a hazardous waste storage facility for proper disposal of industrial solid waste[166]. Corporate Governance and Shareholder Structure - The company has not undergone any changes in its controlling shareholder, which remains Jiangyin Mould Group Co., Ltd.[15]. - The largest shareholder, Jiangyin Mould Group Co., Ltd., holds 32.27% of the shares, totaling 295,959,745 shares, with 217,000,000 shares pledged[193]. - The actual controller of the company is also Cao Mingfang, with no changes in control reported during the period[197]. - The number of shareholders increased from 80,282 to 85,171 during the reporting period[193]. - The company does not have any preferred shares outstanding during the reporting period[200].