Gold Mantis(SZ:002081)2021-04-29 16:00Financial Performance - The company reported a total revenue of 2,683,358,689 RMB for the year 2020, with a cash dividend of 2 RMB per 10 shares distributed to shareholders[7]. - The company's operating revenue for 2020 was ¥31,243,227,802.04, representing a 1.33% increase from ¥30,834,654,530.30 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥2,373,915,319.52, a 1.04% increase from ¥2,349,395,605.96 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,289,281,453.97, a decrease of 3.02% from ¥2,360,608,057.36 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥1,777,115,242.16, an increase of 1.25% from ¥1,755,219,982.71 in 2019[26]. - The total assets at the end of 2020 were ¥45,003,313,428.27, a 14.01% increase from ¥39,473,391,654.97 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥17,008,652,023.81, a 12.22% increase from ¥15,156,092,842.89 at the end of 2019[26]. - The basic earnings per share for 2020 remained at ¥0.88, unchanged from 2019[26]. - The diluted earnings per share for 2020 was ¥0.89, a 1.14% increase from ¥0.88 in 2019[26]. - The weighted average return on equity for 2020 was 14.83%, down from 16.55% in 2019[26]. - The total revenue for the year 2020 was approximately CNY 31.24 billion, representing a year-on-year increase of 1.33%[79]. - The construction decoration segment accounted for 96.40% of total revenue, with revenue of CNY 30.12 billion, a 0.65% increase from the previous year[79]. - The manufacturing segment saw a significant growth of 17.69%, contributing CNY 954.09 million, which is 3.05% of total revenue[79]. - The gross profit margin for the construction decoration segment was 16.54%, reflecting a decrease of 1.87% compared to the previous year[79]. - The company's total revenue for the reporting period reached approximately ¥27.94 billion, with a gross profit margin of 15.51%[82]. - Revenue from the decoration segment was ¥27.17 billion, reflecting a year-on-year increase of 25.47%, while the gross profit margin was 17.09%[82]. Risk Factors - The company faces risks including macroeconomic fluctuations, real estate policy adjustments, market competition, and management risks associated with business expansion[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. Corporate Information - The company is listed on the Shenzhen Stock Exchange under the stock code 002081[17]. - The registered address of the company is located in Suzhou Industrial Park, Jiangsu Province, with a postal code of 215000[17]. - The company operates under the name Suzhou Gold Mantis Construction Decoration Co., Ltd.[17]. - The company has a dedicated investor relations team, with contact details available for inquiries[18]. - The company has selected multiple media outlets for information disclosure, including China Securities Journal and Shanghai Securities Journal[19]. - The company’s financial report is available on the designated website of the China Securities Regulatory Commission[19]. - The company’s legal representative is Wang Hanlin, who oversees the financial reporting accuracy[16]. Industry Position and Recognition - The company maintained its position as the number one in the "Top 100 Chinese Architectural Decoration Industry" and has won 115 "Luban Awards" and 438 "National Architectural Engineering Decoration Awards"[42]. - The company is recognized as a national high-tech enterprise and has been awarded the title of "National Prefabricated Building Industrial Base" by the Ministry of Housing and Urban-Rural Development[42]. - The architectural decoration industry showed signs of recovery in the second half of 2020, with new projects in healthcare, elderly care, and cultural sectors increasing rapidly[39]. - The architectural decoration market is transitioning from a fragmented to a concentrated market, with leading companies expanding their market share[39]. - The company has been continuously recognized for its design excellence, with HBA being awarded over 500 top design awards globally[44]. - The company has established a strong brand advantage through a focus on quality and customer service, becoming a benchmark brand in the industry[54]. Business Model and Strategy - The company’s business model focuses on self-contracting and self-organizing design and construction, ensuring quality management through ISO certifications[45]. - The company is actively developing its EPC (Engineering, Procurement, and Construction) business model, which has become a key strategic direction for growth[66]. - The company has integrated design, construction, and procurement into a multi-dimensional operational system to enhance efficiency and reduce costs[59]. - The company aims to optimize its business structure to increase market share and maintain a competitive edge in the post-pandemic environment[65]. - The company is focused on continuous improvement in management practices to achieve cost reduction and efficiency enhancement[60]. - The company is targeting the secondary decoration market, particularly in large cultural tourism and hotel projects, leveraging its strengths in EPC and prefabricated sectors[130]. - The company plans to accelerate the development of prefabricated decoration, which has shown significant growth potential, aiming to improve construction quality and reduce labor dependency[125]. - The company aims to deepen local market penetration by collaborating with local governments to create landmark projects, enhancing its competitive edge[130]. - The company is enhancing its operational management across various dimensions, including marketing and engineering management, to ensure high-quality development[131]. - The company has established a collaborative operational system among different departments to improve project quality and customer satisfaction[132]. Research and Development - The company's R&D investment amounted to ¥955,782,334.18 in 2020, representing an increase of 8.63% compared to ¥879,866,123.50 in 2019[100]. - The number of R&D personnel increased to 3,137 in 2020, up 8.96% from 2,879 in 2019, with R&D personnel accounting for 20.77% of the total workforce[100]. - Research and development expenses increased by 8.63% to ¥955.78 million, indicating a focus on innovation[98]. - The company holds over 2,000 patents, including 371 invention patents, enhancing its technological competitiveness[99]. - The company has been recognized as a "High-tech Enterprise" and has established a "Postdoctoral Research Station," indicating its commitment to innovation and R&D[99]. Dividend Policy - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 536,671,737.80 for the year 2020[147]. - The cash dividend represents 22.61% of the net profit attributable to ordinary shareholders, which is RMB 2,373,915,319.52 for 2020[145]. - The company has maintained a consistent and stable profit distribution policy, considering overall shareholder interests and sustainable development[139]. - The total share capital for the dividend distribution is 2,683,358,689 shares[146]. - The cash dividend payout ratio for the last three years has been above 30% of the average distributable profit[146]. - No stock dividends or capital reserve transfers to increase share capital are planned for 2020[147]. - The company has not made any adjustments to its cash dividend policy during the reporting period[140]. - The cash dividends paid in 2019 and 2018 were RMB 536,881,737.80 and RMB 535,281,737.80, respectively[141]. - The company’s cash dividends are compliant with the regulations set forth in its articles of association[146]. - The company’s distributable profit for 2020 is RMB 9,716,609,593.34[146]. Related Party Transactions - The total amount of related party transactions for the year 2020 was 8,165.35 million RMB[186]. - The company engaged in related party transactions with Suzhou Jinhu Real Estate Development Co., Ltd. amounting to 68,410.3 million RMB for the Suzhou Park Hyatt Hotel project[187]. - The company received rental income of 189,000 RMB from Suzhou Jintan Group for office space in 2020, consistent with the previous year[191]. - The company also received rental income of 42,000 RMB from Suzhou Jinhu Real Estate Development Co., Ltd. for office space in 2020, unchanged from 2019[194]. - The company reported a total of 166.41 million RMB in related party transactions with Suzhou Jintan Investment Co., Ltd. and others, approved by the general manager[187]. - The company has maintained consistent rental agreements with multiple subsidiaries, with total rental income remaining stable across the years[193]. - The company’s related party transactions are priced based on market pricing principles[186]. - The company did not exceed the approved transaction limits for any related party transactions in 2020[186]. Compliance and Governance - The company has not experienced any major accounting errors requiring retrospective restatement during the reporting period[155]. - The company has not faced any major litigation or arbitration matters during the reporting period[163]. - The company has not encountered any penalties or rectification situations during the reporting period[164]. - The company has maintained a continuous audit service with the current accounting firm for 18 years[161]. - The company has not made any changes to its accounting policies or estimates compared to the previous year's financial report[153].