CASIN(SZ:000838)2021-04-09 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.21 RMB per 10 shares to all shareholders, based on a total of 1,100,462,170 shares[4]. - In 2020, the company achieved a net profit attributable to shareholders of RMB 115,941,869.46, with a cash dividend distribution of RMB 23,109,705.57, representing 19.93% of the net profit[112]. - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares, based on a total share capital of 1,100,462,170 shares[110]. Financial Performance - The company's operating revenue for 2020 was ¥6,051,713,044.33, representing a 78.30% increase compared to ¥3,394,143,161.78 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥115,941,869.46, a 6.82% increase from ¥108,540,301.37 in 2019[17]. - The net profit after deducting non-recurring gains and losses decreased by 39.92% to ¥49,053,491.76 from ¥81,652,762.87 in 2019[17]. - The net cash flow from operating activities increased by 70.21% to ¥3,108,892,077.56 compared to ¥1,826,484,238.30 in 2019[17]. - The total assets at the end of 2020 were ¥18,173,585,445.03, a 2.73% increase from ¥17,690,697,005.22 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 0.58% to ¥1,967,846,235.40 from ¥1,979,293,724.34 at the end of 2019[18]. - The company reported a basic earnings per share of ¥0.1054 for 2020, up 6.90% from ¥0.0986 in 2019[17]. - The weighted average return on equity for 2020 was 5.88%, an increase of 0.24% from 5.64% in 2019[17]. Business Operations - The company operates primarily in the real estate sector, focusing on residential and commercial property development in various provinces[27]. - The company also engages in the environmental industry, providing comprehensive solutions for the treatment of industrial hazardous waste[27]. - The company has established a comprehensive management system that aligns with its real estate development business, enhancing operational efficiency[29]. - The company has 9 categories of hazardous waste treatment qualifications, providing a competitive advantage in the target market[29]. - The company has a total of 20 ongoing projects across various cities, with a significant focus on residential and commercial developments[48]. Market Trends - In 2020, the national sales area of commercial housing reached 1,760.86 million square meters, a year-on-year increase of 2.6%[32]. - The average price of new residential properties in 100 cities rose by 3.46% year-on-year, with the average price reaching 15,795 yuan per square meter in December[32]. - The total inventory of new commercial residential properties in 100 cities was 519.71 million square meters by the end of 2020, a year-on-year increase of 7.5%[32]. - The average transaction price of commercial housing in 2020 was 12,644 yuan per square meter, reflecting a year-on-year increase of 6%[35]. Strategic Development - The company plans to focus on core urban areas and enhance operational capabilities as part of its strategic development for the upcoming year[52]. - The company aims to improve its credit rating to expand financing channels and reduce financing difficulties[52]. - The company will implement a strategy to accelerate inventory turnover and enhance cash flow management to mitigate operational risks[54]. - The company’s financing structure aims to optimize debt repayment pressure and reduce the weighted average cost of capital[52]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has reported no exceedances in pollutant discharge standards[159]. - The company has maintained compliance with environmental protection regulations, with all emissions reported within the legal limits[160]. - The company has established an emergency response plan for sudden environmental incidents, which has been reviewed by experts and filed with government departments[163]. - The company developed a self-monitoring plan for environmental monitoring, specifying detection points and monitoring frequency, in compliance with national standards[163]. Governance and Management - The company has a comprehensive internal control system to protect the rights of shareholders, especially minority shareholders[157]. - The company is committed to transparency and accountability in its governance practices, as evidenced by the detailed reporting of management changes[187]. - The company has a total of 7 independent directors, ensuring a diverse range of expertise and perspectives on the board[191]. - The company’s management team has a strong educational background, with many holding advanced degrees in relevant fields[190]. Future Outlook - The company expects stable economic performance in the first half of 2021, despite uncertainties in the international environment and ongoing domestic pandemic impacts[94]. - The real estate market is anticipated to enter a stable development phase in 2021, with a slight adjustment in sales area and stable price increases[95]. - The company plans to focus on investment strategies targeting land parcels of 70,000 to 200,000 square meters, emphasizing financial metrics in decision-making[97]. - The company aims to enhance its product competitiveness through continuous research and development, ensuring products meet customer demands[96].