CHINA WUYI(SZ:000797)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was ¥5,819,649,302.68, an increase of 11.37% compared to ¥5,225,532,983.22 in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥286,574,626.29, a decrease of 20.21% from ¥359,147,265.84 in 2019[15]. - The net cash flow from operating activities improved significantly to ¥1,713,304,748.90, a 218.37% increase from -¥1,447,374,858.62 in 2019[15]. - The total assets at the end of 2020 reached ¥23,353,697,870.42, reflecting a 15.20% increase from ¥20,273,012,521.93 at the end of 2019[15]. - The net assets attributable to shareholders decreased by 4.39% to ¥5,351,961,053.52 at the end of 2020, down from ¥5,597,743,587.47 in 2019[15]. - The basic earnings per share for 2020 was ¥0.1726, a decline of 16.13% compared to ¥0.2058 in 2019[15]. - The company achieved total revenue of CNY 5.82 billion in 2020, representing a year-on-year growth of 11.37%[40]. - The net profit for the year was CNY 490 million, an increase of 27.03% compared to the previous year[40]. - The real estate development segment generated revenue of CNY 3.375 billion, up 24.26% year-on-year, exceeding the annual target by 4.17%[40]. - The international engineering contracting business reported revenue of CNY 1.604 billion, completing 89.11% of the annual target[40]. Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders based on a total share capital of 1,570,998,213 shares as of December 31, 2020[5]. - In 2020, the company distributed cash dividends of 0.50 yuan per 10 shares, totaling 78,575,737.65 yuan, based on a total share capital of 1,571,514,753 shares as of December 31, 2019[94]. - The cash dividend for 2020 represents 32.89% of the consolidated net profit attributable to shareholders[97]. - The company's net profit attributable to shareholders for 2020 was 286,574,626.29 yuan, with a distributable profit of 2,348,898,472.57 yuan at year-end[99]. Business Operations and Strategy - The company operates in various sectors including real estate development, international engineering contracting, and property management, with projects in multiple cities and countries[25]. - The company is actively expanding its international engineering contracting business, focusing on localizing management and operations in countries like Kenya and Ethiopia[25]. - The company is focusing on expanding its real estate development in key cities, particularly in areas such as urban renewal and rural revitalization[47]. - The company aims to enhance its property management services and expand its external contracting business, particularly in government and large enterprise projects[48]. - The company plans to optimize its business model in international trade, particularly in countries along the Belt and Road Initiative[47]. Risk Management - The company emphasizes the importance of risk management, particularly in response to macroeconomic and market risks, including political and exchange rate risks in international engineering projects[89]. - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - The company has faced challenges due to the ongoing COVID-19 pandemic, impacting international project operations and increasing costs[89]. Corporate Governance - The company’s legal representatives have confirmed the accuracy and completeness of the financial report, ensuring accountability[5]. - The company has a dedicated board secretary and securities affairs representative to handle investor relations[12]. - The company has successfully fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[102]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[103]. - The company has maintained its commitment to avoid competition with its controlling shareholder, Fujian Construction Group, in the domestic market[102]. Social Responsibility - The company actively participates in social responsibility initiatives, including poverty alleviation and community support[142]. - The company is committed to developing a harmonious and eco-friendly living environment as part of its corporate social responsibility[143]. - The company supported anti-epidemic efforts in Wuhan with a donation of 654,600, and contributed 114,000 to education poverty alleviation in Nanping[144]. - The company invested a total of 868,600 CNY in poverty alleviation efforts, with 214,000 CNY specifically allocated to improving educational resources in impoverished areas[145]. Financial Transparency - The company’s financial report is available on the designated website of the China Securities Regulatory Commission, ensuring transparency[13]. - The company emphasizes the importance of adhering to the disclosure requirements set by the Shenzhen Stock Exchange for real estate businesses[5]. - The company has implemented a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[95]. Human Resources - The total number of employees in the company is 6,017, with 585 in the parent company and 410 in major subsidiaries[192]. - The company has a total of 688.64 million CNY in remuneration for directors, supervisors, and senior management during the reporting period[188]. - The company emphasizes a performance-based salary system, linking compensation to the general manager's performance and assessment levels[194]. - The company has implemented a comprehensive training system for employees, including various training forms and management improvement projects[195]. Legal Matters - The company has ongoing litigation involving a total amount of RMB 25 million, which has resulted in estimated liabilities[111]. - The company is involved in a lawsuit regarding a loan of RMB 16 million plus interest, with a current status of awaiting court results[111]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,991, an increase from 28,799 at the end of the previous month[163]. - The largest shareholder, Fujian Construction Group Co., Ltd., holds 32.68% of the shares, totaling 513,413,509 shares[163]. - The report indicates that there were no repurchase transactions among the top 10 shareholders during the reporting period[164].