HJKJ(SZ:000818)2021-04-20 16:00Financial Performance - The company's operating revenue for 2020 was CNY 3,536,491,591.91, a decrease of 6.29% compared to CNY 3,773,945,831.83 in 2019[13]. - The net profit attributable to shareholders for 2020 was CNY 236,199,051.69, down 22.98% from CNY 306,662,510.41 in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 244,791,387.34, a decrease of 18.53% compared to CNY 300,463,493.64 in 2019[13]. - The net cash flow from operating activities for 2020 was CNY 181,354,272.00, down 17.56% from CNY 219,974,768.75 in 2019[13]. - Basic earnings per share for 2020 were CNY 0.34, a decline of 22.73% from CNY 0.44 in 2019[13]. - The weighted average return on net assets was 8.49% for 2020, down from 12.18% in 2019, reflecting a decrease of 3.69%[13]. - Total assets increased by 8.51% to CNY 4,828,881,400.27 compared to the previous year[14]. - The company achieved a total sales amount of 542,959,574.46 yuan from its top five customers, accounting for 15.35% of the annual total sales[56]. - The company's total procurement amount from its top five suppliers was 1,181,779,086.76 yuan, representing 48.54% of the annual total procurement[57]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.3 per 10 shares, based on a total of 682,614,000 shares[3]. - The cash dividend for 2020 amounted to 88,739,820 yuan, representing 37.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[87]. - The total distributable profit for the period is 782,507,645.85 CNY, with the cash dividend representing 100% of the profit distribution[89]. - The total number of shares for the dividend distribution is 682,614,000 shares[89]. Market and Business Operations - The company operates in two main sectors: chemical and electronic businesses, with a focus on expanding its market presence[11]. - The company acknowledges risks related to macroeconomic changes, material price fluctuations, and intensified industry competition[3]. - The chemical segment, which includes products like caustic soda and propylene oxide, operates on a "production based on sales" model, focusing on maximizing regional pricing advantages in Northeast and North China[23]. - The company expanded its civilian electronics business, becoming the largest shareholder in Honglin Micro with a 45% stake[20]. - The electronic segment generated a revenue of 667 million yuan, with a net profit of 104 million yuan, reflecting a revenue decline of 6.54% and a net profit decline of 43.31%[34]. - The chemical segment reported a revenue of 2.869 billion yuan, with a net profit of 132 million yuan, showing a revenue decline of 6.23% but a net profit increase of 7.27%[34]. Research and Development - The company has a strong focus on R&D in high-end chips, with proprietary technology in integrated circuits and a leading position in domestic graphic processor chip specifications[27]. - The company’s products are widely applicable across various industries, including power, communications, aviation, and logistics, indicating a broad market reach[21]. - The company completed 72 new product development projects in 2020, a 70% increase compared to the previous year[61]. - The company’s R&D expenses increased by 60.89% in 2020, amounting to 60,663,863.22 yuan, compared to 37,704,950.26 yuan in 2019[59]. - The number of R&D personnel increased by 20.79% to 610 in 2020, with R&D personnel accounting for 14.10% of the total workforce[62]. Environmental and Sustainability Initiatives - The company is committed to environmental upgrades and sustainable practices, including wastewater treatment and emissions reduction initiatives[31]. - The company has established a high-purity hydrogen filling station with a capacity of 3,000 Nm3/h, expected to be operational in the first half of 2021, aligning with national carbon neutrality policies[23]. - The company’s environmental protection facilities are operating normally, achieving ultra-low emission standards for sulfur dioxide and nitrogen oxides[115]. - The company has implemented a self-monitoring plan for environmental management, including daily monitoring of wastewater and quarterly monitoring of surrounding environmental quality[116]. Acquisitions and Strategic Investments - The company completed acquisitions to strengthen its position in the military electronics sector, including a 70% stake in Changsha Shaoguang and a 100% stake in Weike Electronics[20]. - The company acquired a 43.66% stake in Wuhan Navigation and Positioning Service Industrial Technology Research Institute for ¥176,516,000.00[71]. - The company completed the production of 415,600 tons of caustic soda, 123,800 tons of propylene oxide, and 73,700 tons of polyether, achieving 95.55%, 99.82%, and 68.47% of the annual production plan respectively[35]. Financial Health and Stability - The company's total liabilities decreased slightly to CNY 1,671,978,221.79 in 2020 from CNY 1,695,167,915.05 in 2019, indicating a reduction of about 1.4%[187][188]. - The company's total equity increased to CNY 3,156,903,178.48 in 2020, up from CNY 2,754,919,464.77 in 2019, indicating a growth of around 14.6%[188]. - The company has no significant discrepancies between financial reports under international and Chinese accounting standards[15]. - The company has not made any adjustments or restatements to previous years' accounting data[13]. Governance and Compliance - The company has maintained a good integrity status, with no administrative penalties or major civil litigation related to economic disputes since its establishment[98]. - The company has engaged Zhonghui Certified Public Accountants for auditing services, with a fee of 1.5 million yuan for the reporting period[95]. - The company has a structured approach to executive compensation, aligning it with overall business performance and strategic goals[152]. - The company has a clear governance structure with defined roles for its board members and management, promoting accountability and transparency[153].