大庆华科(000985) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 1,763,044,476.17, a decrease of 18.22% compared to CNY 2,155,889,874.89 in 2019[10] - The net profit attributable to shareholders for 2020 was CNY 12,129,725.55, down 72.88% from CNY 44,727,554.06 in 2019[10] - The net profit after deducting non-recurring gains and losses was CNY 3,068,025.86, a decline of 92.28% from CNY 39,734,567.11 in the previous year[11] - The basic earnings per share for 2020 was CNY 0.09, a decrease of 74.29% compared to CNY 0.35 in 2019[11] - The total assets at the end of 2020 were CNY 694,655,529.43, a decrease of 6.26% from CNY 741,035,161.69 at the end of 2019[11] - The net assets attributable to shareholders at the end of 2020 were CNY 578,202,060.27, showing a slight increase of 0.01% from CNY 578,122,678.53 at the end of 2019[11] - The net cash flow from operating activities was CNY 63,938,916.62, down 46.43% from CNY 119,361,712.66 in 2019[11] - The weighted average return on net assets for 2020 was 2.08%, a decrease of 6.02% from 8.10% in 2019[11] Revenue and Sales - The company achieved total operating revenue of CNY 1.763 billion in 2020, with a net profit attributable to shareholders of CNY 12.13 million[20] - The chemical segment accounted for 100% of total revenue, with a gross margin of 7.38%, down from the previous year[24] - Domestic revenue decreased by 20.19% to ¥1,696,139,813.08, while international revenue increased by 118.39% to ¥66,904,663.09[25] - Sales volume in the chemical industry was 531,280.19 tons, a decline of 2.22% from 543,326.73 tons in 2019[25] - The company reported a significant increase in the sales of isoprene resin, with revenue rising by 43.02% to ¥181,137,641.21[25] Costs and Expenses - The overall cost of sales for the chemical segment was ¥1,632,852,489.27, a decrease from ¥1,982,143,300.16 in the previous year[28] - In 2020, the total operating costs amounted to 1,632,000,000.00 CNY, with a significant decrease in the cost of hydrogenated pentene by 1.14% compared to 2019[29] - Research and development expenses decreased by 11.27% to 8,550,467.12 CNY, representing 0.48% of total operating revenue[32] Investments and Dividends - The company plans to distribute a cash dividend of CNY 0.46 per 10 shares, based on a total of 129,639,500 shares[7] - The company reported a net profit of 12.13 million yuan for 2020, with a cash dividend proposal of 0.46 yuan per share, totaling approximately 596.34 million yuan in cash dividends[44] - Total investment during the reporting period was 6.93 million yuan, a significant decrease of 85.76% compared to the previous year's investment of 48.68 million yuan[37] Market and Operational Developments - The company successfully expanded its foreign market presence, achieving over USD 10 million in foreign exchange income, marking a historical high[21] - The company implemented 46 measures for quality improvement and efficiency enhancement, resulting in an increase of CNY 15.39 million in effectiveness[21] - The company maintained a stable production operation with zero environmental pollution incidents throughout the year[21] Research and Development - The company has a strong focus on R&D, with 11.8% of its workforce dedicated to research and development activities[18] - The company has received multiple national and provincial awards for its new products, enhancing its market competitiveness[17] Financial Stability and Management - The company’s asset-liability ratio and net liability ratio are at a favorable level within the industry, ensuring financial stability[18] - The company’s core management team and key technical personnel remain stable, contributing to its competitive advantage[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,221, an increase from 11,191 at the end of the previous month[66] - China National Petroleum Daqing Petrochemical Co., Ltd. holds a 39.34% stake in the company, amounting to 51 million shares, with no changes during the reporting period[67] Compliance and Governance - The company has established a comprehensive internal control system to protect the interests of shareholders, especially minority shareholders[57] - The company has maintained its accounting firm, Dahua Certified Public Accountants, for two consecutive years, with an audit fee of 420,000 yuan[48] - The independent directors did not raise any objections regarding the company's matters during the reporting period[97] Environmental and Safety Compliance - The company has achieved ISO9001:2015 quality system certification and Q/SY1002.1-2013 health safety environment management system certification[60] - The company has not experienced any major safety production accidents or environmental pollution incidents during the reporting period[61] - The company conducted environmental monitoring of wastewater and emissions on a monthly, quarterly, and annual basis, ensuring compliance with the technical guidelines for self-monitoring in the petrochemical industry[63]