LEAGUER(SZ:002243)2021-03-23 16:00Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2020[17]. - The company's operating revenue for 2020 was ¥2,183,735,610.74, representing a 1.39% increase compared to the adjusted revenue of ¥2,153,886,460.65 in 2019[32]. - The net profit attributable to shareholders for 2020 was ¥588,191,222.45, marking a 10.22% increase from the adjusted net profit of ¥533,635,148.22 in 2019[32]. - The net profit after deducting non-recurring gains and losses reached ¥404,802,854.44, a significant increase of 202.95% compared to ¥133,622,473.54 in 2019[32]. - The company reported a net profit of no less than 100 million yuan for the fiscal years 2019, 2020, and 2021, after deducting non-recurring gains and losses[161]. - The company reported a net profit of 27 million CNY, 33 million CNY, and 42 million CNY for the years 2019, 2020, and 2021 respectively, with a commitment to compensate if actual profits fall below these figures[164]. Cash Dividends - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares to all shareholders, based on a total of 1,210,604,219 shares[6]. - For the 2020 fiscal year, the company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 96.85 million, with undistributed profits carried forward amounting to RMB 232.60 million[146]. - The cash dividend for the 2019 fiscal year represented 15.20% of the net profit attributable to shareholders, while the 2020 fiscal year dividend represents 16.47%[145]. - The total distributable profit for the 2020 fiscal year is reported at RMB 2.33 billion, with the cash dividend accounting for 100% of the total profit distribution[146]. - The cash dividends distributed in 2018, 2019, and 2020 were RMB 18.25 million, RMB 81.52 million, and RMB 96.85 million respectively, showing a significant increase over the years[145]. Strategic Focus and Growth - The company is focusing on expanding its market presence and has identified key growth areas in new technologies and product development[17]. - The company aims to raise up to 500 million yuan through a private placement to qualified investors, not exceeding 30% of the total share capital before the restructuring[17]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[17]. - The company is investing in research and development for new products, aiming to innovate and meet market demands[17]. - The company has outlined its strategic vision for the next fiscal year, focusing on sustainable growth and profitability[17]. - The company is actively expanding its technology innovation services and new materials business, focusing on global technology innovation competitions and digital economy industries[45]. - The company plans to enhance its innovation base platform services, providing comprehensive support for startups and growing enterprises[46]. Risk Management and Compliance - The company emphasizes the importance of risk management in its forward-looking statements regarding market conditions[6]. - The company has committed to ensuring the accuracy and completeness of its financial reports, with key executives affirming their responsibility[5]. - The company has engaged Da Hua Accounting Firm for auditing services, ensuring compliance and oversight[28]. - The company has committed to providing accurate, complete, and truthful information regarding the transaction, ensuring no false records or misleading statements were made[152]. - The company has ensured compliance with regulatory requirements, with no ongoing investigations or penalties reported[180]. Research and Development - The company applied for 70 patents in 2020 and received 30 authorizations, participating in the formulation of 6 industry and national standards[56]. - Research and development expenses increased by 14.76% to CNY 106.15 million in 2020[69]. - R&D expenses accounted for 4.86% of total revenue, compared to 4.29% in the previous year, indicating a focus on innovation[91]. - The company plans to strengthen its R&D capabilities in new materials, particularly in the cosmetics packaging sector, and optimize its geographic layout for new projects[134]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[179]. - The company aims to expand its coverage of world-renowned brands and enhance cooperation in new materials R&D and application[56]. - The company will focus on expanding its market presence in the cosmetics packaging sector, targeting both first and second-tier brand clients, and developing high-value-added products[134]. Financial Independence and Governance - The company has committed to maintaining operational independence post-restructuring, ensuring no conflicts of interest with related parties[180]. - Financial independence will be established with separate accounting systems and bank accounts post-restructuring[180]. - The company has established independent governance structures to ensure operational autonomy from its parent company[156]. - The company has committed to strict compliance with the latest regulatory opinions regarding the lock-up arrangements for newly acquired shares[161]. Asset Management and Investments - The company has established a clear ownership of its main assets and has a complete asset and business structure[189]. - The company has not sold any significant assets during the reporting period[128]. - The company has not experienced any major changes in the feasibility of its investment projects[127]. - The company has committed to linking the compensation system for directors and senior management to the execution of measures to compensate for diluted immediate returns[186]. Partnerships and Collaborations - The company has established strategic partnerships with international brands such as Procter & Gamble, L'Oréal, and Unilever, enhancing its market presence[56]. - The company will enhance its collaboration with industry associations and large groups to deepen integration with the industrial chain and improve project quality and quantity[134]. - The company will leverage its strategic partnerships with universities and research institutions to facilitate efficient technology transfer and innovation[134].