ST交投(002200) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥267,712,695.82, a decrease of 60.76% compared to ¥682,225,076.39 in 2019[18]. - The net profit attributable to shareholders in 2020 was -¥94,341,334.72, representing a decline of 362.92% from a profit of ¥35,881,516.64 in 2019[18]. - The basic earnings per share for 2020 was -¥0.5124, a decline of 362.90% from ¥0.1949 in 2019[18]. - The weighted average return on net assets was -62.77% in 2020, a decrease of 83.10% from 20.33% in 2019[18]. - The company reported a consolidated operating revenue of CNY 267.71 million for 2020, a decrease of 60.76% compared to the previous year[38]. - The consolidated net profit attributable to shareholders of the parent company was CNY -94.34 million, reflecting a decline of 362.92% year-on-year[38]. - The company reported a net profit of 4.56 million yuan for the year 2020, representing a decrease of 80.6% compared to the previous year[65]. - The company reported a net loss of 943.41 million yuan for 2020, with no cash dividends distributed to shareholders[79]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥114,451,430.76 in 2020, a significant increase of 207.64% compared to -¥106,331,871.45 in 2019[18]. - As of December 31, 2020, the company's total assets amounted to CNY 2,968.09 million, with total equity of CNY 326.34 million, resulting in a debt-to-asset ratio of 89.00%[38]. - Cash and cash equivalents increased by CNY 299.44 million, representing a growth of 320.94% year-on-year, primarily due to asset disposals[30]. - The company experienced a significant reduction in inventory, which decreased by CNY 1,059.79 million, a drop of 85.05% compared to the end of the previous year[30]. - Accounts receivable decreased by CNY 174.52 million, down 44.55%, mainly due to the transfer of 16 debt claims[30]. - The company transferred 16 debt assets to Yunshang Company, resulting in a decrease of receivables due within one year by 300,764,023, which is a reduction of 10.13%[58]. Revenue Sources and Business Segments - The company’s main business segments include ecological landscape, ecological environmental governance, and floral and ecological living, with no significant changes in revenue sources[27][28]. - Revenue from greening engineering construction accounted for 93.97% of total revenue, totaling ¥251,570,185.05, down 61.90% year-over-year[41]. - Revenue from operations in Yunnan Province accounted for 63.71% of total revenue, totaling ¥170,560,989.46, down 63.02% year-over-year[41]. - Revenue from seedling sales increased by 23.06% to ¥6,017,260.67, representing 2.25% of total revenue[41]. Project Management and Future Outlook - Key ongoing projects include the Suining Renli Ancient Town Sponge City PPP project and the Tonghai Second Sewage Treatment Plant PPP project[28]. - The company aims to enhance its main business revenue and profit by focusing on ongoing projects and new project expansions, including key projects like the Suining Renli Ancient Town Sponge City PPP project[71]. - The company plans to allocate 30 billion yuan annually for three consecutive years starting from 2020 to support public health system construction projects in Yunnan Province[70]. - The company is focusing on expanding its project portfolio in municipal infrastructure construction and environmental remediation within Yunnan Province[108]. Risks and Challenges - The company faces risks related to market competition, project implementation, and accounts receivable recovery, which may impact future performance[4]. - The company is addressing historical issues and reducing operational burdens by actively pursuing debt recovery and asset revitalization measures[72]. - The company has received a non-standard audit report indicating significant uncertainties regarding its ability to continue as a going concern[108]. Corporate Governance and Compliance - The company ensures independent financial operations with a dedicated finance department and independent accounting system[90]. - The company has established a principle to minimize and regulate related transactions, ensuring fair pricing and protecting shareholder interests[89]. - The company has a commitment to avoid any potential conflicts of interest with its controlling shareholders[92]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[194]. Shareholder and Management Structure - The largest shareholder, Yunnan Provincial Investment Holding Group Co., Ltd., holds 42,685,927 shares, representing 23.18% of total shares[159]. - The company has a diverse board with members holding advanced degrees and significant industry experience, which is expected to drive future growth[178]. - The company reported a total of 12,343 shares held by directors and senior management at the end of the period, with a decrease of 250 shares during the current period[172]. Employee and Workforce Management - The total number of employees in the company is 297, with 194 in the parent company and 103 in major subsidiaries[189]. - The company emphasizes performance-based compensation linked to the completion of work plans for both executives and employees[190]. - The company conducts various training programs to enhance employee skills and adapt to market changes[191].