Hanbell(SZ:002158)2020-04-29 16:00Financial Performance - The company reported a cash dividend of 2.5 RMB per 10 shares (including tax) based on 535,028,782 shares[8]. - The company's operating revenue for 2019 was ¥1,806,971,546.97, representing a 4.35% increase from ¥1,731,630,241.08 in 2018[25]. - Net profit attributable to shareholders for 2019 was ¥246,235,156.32, a 21.52% increase compared to ¥202,633,452.54 in 2018[25]. - The net profit after deducting non-recurring gains and losses was ¥212,752,158.18, up 23.47% from ¥172,307,381.27 in 2018[25]. - The net cash flow from operating activities reached ¥304,105,286.04, a significant increase of 215.36% from ¥96,431,851.15 in 2018[25]. - The total assets at the end of 2019 were ¥3,498,651,976.84, reflecting a 7.56% increase from ¥3,252,751,058.80 at the end of 2018[25]. - The net assets attributable to shareholders increased by 10.32% to ¥2,040,657,972.59 at the end of 2019 from ¥1,849,701,860.84 at the end of 2018[25]. - The basic earnings per share increased to CNY 0.4629, up by 21.15% year-on-year[78]. - The cash dividend paid in 2019 accounted for 54.32% of the net profit attributable to ordinary shareholders, which was 246,235,156.32 yuan[155]. - The company achieved a net profit of 708,529,215.95 yuan, with the cash dividend constituting the entirety of the profit distribution[158]. Business Operations - The company has not reported any changes in its main business since its listing[22]. - The company operates under the stock code 002158 on the Shenzhen Stock Exchange[19]. - The registered address of the company is located in Shanghai, Jinshan District, Fengjing Industrial Development Zone[19]. - The company has a total of 535,028,782 shares outstanding[8]. - The company has appointed Da Hua Certified Public Accountants as its auditing firm[23]. - The company has no changes in major shareholders since its listing[22]. - The company’s website is www.hanbell.com.cn, and its email for investor relations is IR@hanbell.cn[19][20]. - The company has a significant presence in various regions, including subsidiaries in Hong Kong, Taiwan, and Vietnam[15]. Product Development and Innovation - The company reported a significant growth in sales of its new generation high-efficiency air conditioning products, including the RE series compressors and RTM magnetic levitation centrifugal compressors[40]. - The RC2-PLUS series product, developed for cold regions' coal-to-electricity applications, gained attention from major central air conditioning manufacturers[40]. - The company is actively responding to national policies on energy efficiency and environmental protection through continuous product and technology innovation[40]. - The company launched new low-temperature refrigeration compressors, including the LT-S-V series, which can reduce operating costs by about 20% compared to traditional compressors in certain applications[45]. - The company successfully developed and stabilized the operation of a permanent magnet variable frequency two-stage air compressor in 2019, enhancing energy efficiency and meeting diverse customer needs[48]. - The company’s new products in the air compressor segment are expected to replace high-energy-consuming products, aligning with national energy-saving policies[49]. - The company is actively exploring new market opportunities in cold chain logistics, with several competitors also expanding their national networks[44]. - The company plans to develop new products and improve existing ones, including refrigeration and air compressor products, to meet new energy efficiency standards[103]. - The company targets to achieve world-leading levels in technology innovation, focusing on the development of air pumps for hydrogen fuel cells and accelerating the R&D of compressors and hydrogen recovery pumps, with new products expected to launch in 2020[135]. Market Trends and Challenges - The overall market for water-cooled screw chillers continued to decline, with increased competition from magnetic levitation centrifugal units and modular units[39]. - In 2019, the cold chain market demand grew significantly, with frozen and refrigerated seafood and meat imports reaching approximately 10 million tons, and total production of fruits, vegetables, meat, seafood, and dairy products expected to exceed 1.3 billion tons[43]. - The demand for oil-free air compressors is expected to grow due to advancements in the semiconductor and LCD industries, with a focus on energy efficiency and environmental sustainability[53]. - The company recognizes risks from national industrial policies affecting market demand, particularly in the photovoltaic and semiconductor sectors, and plans to adjust product structures accordingly[137]. - The company faces risks from fluctuations in raw material prices, particularly steel, and plans to optimize product structure and control material costs to manage this risk[142]. - Rising labor costs pose a challenge, and the company aims to improve automation and efficiency to mitigate this pressure[143]. - The company is closely monitoring the global COVID-19 pandemic and will adjust business strategies to reduce operational risks stemming from the economic impact[144]. Research and Development - The total R&D investment for 2019 was ¥121,042,714.46, representing 6.70% of operating revenue, an increase of 5.90% compared to 2018[104]. - In 2019, the company made significant advancements in technology R&D, including the mass production of magnetic levitation centrifugal units and the development of screw air pumps for hydrogen fuel cells[80]. Corporate Governance and Compliance - The company has not experienced any significant asset or equity sales during the reporting period[125][126]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[166]. - The company has maintained its accounting firm, Da Hua Accounting Firm, for 15 years, with an audit fee of 1.15 million[177]. - There were no major lawsuits or arbitration matters during the reporting period[182]. - The company has not undergone any bankruptcy reorganization during the reporting period[181]. Investment and Financing - The company’s total fundraising amount from a non-public offering in 2015 was 850,002,398.74 yuan, with a net amount of 820,941,368.84 yuan after deducting issuance costs[117]. - The company reported related party transactions amounting to 6,323.04 million CNY, which is within the approved limit of 15,220 million CNY[197]. - The actual transaction amount for land leasing from Han Zhong Investment is 211.64 million TWD, which is within the estimated limit of 220 million TWD for 2019[197]. - The company purchased goods from Hitachi Machinery amounting to 2,444.24 million CNY, well below the approved limit of 5,000 million CNY[197]. - The company’s subsidiary sold products to Taiwan Huanli for 282.61 million TWD, within the estimated limit of 800 million TWD[197]. - The company’s subsidiary paid 50.80 million CNY for water and electricity fees, under the estimated limit of 100 million CNY for 2019[197].