安纳达(002136) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 1,121,707,146.67, representing an increase of 8.09% compared to CNY 1,037,732,146.09 in 2019[19] - The net profit attributable to shareholders of the listed company was CNY 65,110,381.53, a significant increase of 101.06% from CNY 32,384,106.77 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2020 was ¥56,942,948.98, an increase of 109.67% compared to ¥27,158,247.00 in 2019[20] - Basic and diluted earnings per share for 2020 were both ¥0.3028, representing a 101.06% increase from ¥0.1506 in 2019[20] - The total assets at the end of 2020 were ¥1,018,817,012.68, a 12.60% increase from ¥904,811,327.94 at the end of 2019[20] - The net assets attributable to shareholders increased by 7.73% to ¥757,636,391.29 from ¥703,277,009.76 in 2019[20] - The net cash flow from operating activities decreased by 74.01% to ¥32,712,662.14 from ¥125,855,063.13 in the previous year[20] - The company reported a significant increase in the market demand for iron phosphate products, contributing to substantial revenue growth[29] - The main business revenue from titanium dioxide and iron phosphate sales showed significant growth, with rutile titanium dioxide sales accounting for 86.21% of total revenue[30] Dividend Policy - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders, based on a total of 215,020,000 shares[7] - In 2020, the company distributed a cash dividend of CNY 21,502,000, which is CNY 1.00 per 10 shares, based on a total share capital of 215,020,000 shares[103] - The cash dividend for 2019 was CNY 10,751,000, or CNY 0.50 per 10 shares, reflecting a decrease from the previous year[100] - The company's net profit for 2020 was CNY 55,929,735.63, with a cash dividend payout ratio of approximately 38.4%[103] - The remaining undistributed profit for 2020 was CNY 109,334,194.46, earmarked for future operational needs[103] Business Operations - The main business of the company includes titanium dioxide products and iron phosphate series products, with the latter being launched in 2015[18] - The company is controlled by Tongling Chemical Industry Group Co., Ltd., which holds 29.9999% of the shares as of December 31, 2020[12] - The company has no actual controller following the changes in its shareholder structure in 2020[18] - The company’s registered address is located at 1288 South Tongguan Avenue, Tongling City, Anhui Province, with a postal code of 244000[15] - The company’s website is http://www.andty.com, providing further information about its operations and financials[15] Research and Development - The company holds 21 patents related to titanium dioxide production, including 17 utility model patents and 4 invention patents, demonstrating strong R&D capabilities[44] - The company has established partnerships with several universities for research and development, focusing on improving the performance of iron phosphate[46] - The total amount of research and development personnel was 106, representing 14.70% of the total workforce[61] - Research and development expenses increased by 6.58% to ¥37,528,448.48 in 2020, compared to ¥35,211,837.65 in 2019[59] - The company is expanding its research and development capabilities in the new energy sector, particularly in lithium iron phosphate production[94] Market and Industry Trends - The overall production capacity of the titanium dioxide industry in China reached 392 million tons per year by 2020, with a 10.39% increase in total output[31] - The average industry operating rate increased, with total industry output reaching 3.51 million tons, a year-on-year increase of 10.39%[39] - The market share of lithium iron phosphate batteries reached 36.7% in 2020, with a year-on-year growth of 11.7%[1] - The company anticipates that the titanium dioxide market will face significant competitive pressure due to the release of 400,000 tons of new capacity in 2021[86] Environmental and Social Responsibility - The company emphasizes social responsibility, focusing on safety investments and environmental management, achieving ISO14001-2004 and OHSMS18001-1999 certifications[139] - The company has implemented various management systems for environmental protection and pollution control[139] - The company has not experienced any environmental pollution incidents in 2020, reflecting its commitment to environmental management[150] - The company invested over 8.78 million yuan in environmental protection measures, including upgrades to its production facilities to ensure compliance with emission standards[150] - In 2020, the company helped 380 individuals from 129 households in Gao Feng Village achieve poverty alleviation[140] Corporate Governance - The company has established a robust governance structure with independent directors and a dedicated supervisory board to ensure compliance and accountability[183] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[186] - The board of directors consists of 5 members, including 2 independent directors, complying with legal requirements[199] - The supervisory board has 3 members, including 1 chairman, and operates in accordance with legal regulations[199] - The company adheres to strict information disclosure practices, ensuring transparency and fairness for all investors[200] Shareholder Structure - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 30.00% of the shares, totaling 64,505,784 shares[164] - The company has no actual controller as of the reporting period, with no shareholder holding more than 10%[170] - The company’s shareholder structure includes both state-owned and non-state-owned entities, indicating a diverse ownership base[166] - The company has not reported any changes in its controlling shareholder during the reporting period[166] Management and Personnel - The company employed a total of 632 staff members, including 434 production personnel, 136 technical personnel, and 25 sales personnel[192] - The company has established a performance-based salary distribution mechanism, which includes basic salary, performance salary, and special rewards[189] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.6293 million[190] - The company provides both internal and external training programs to enhance employee skills and meet development needs[194] - The company has a clear decision-making process for determining the remuneration of directors and senior management, which is subject to board approval[188]