NCIC(SZ:002246)2020-04-27 16:00Financial Performance - In 2019, the company's operating revenue reached ¥2,460,835,877.51, representing a 4.12% increase compared to ¥2,363,371,941.02 in 2018[24]. - The net profit attributable to shareholders was ¥136,595,707.22, up 10.44% from ¥123,679,724.13 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥100,089,861.94, reflecting a 15.08% increase from ¥86,974,136.03 in 2018[24]. - The net cash flow from operating activities surged by 183.83% to ¥378,947,315.22, compared to ¥133,513,389.24 in 2018[24]. - The total assets of the company at the end of 2019 amounted to ¥3,920,053,122.39, an increase of 8.29% from ¥3,620,089,086.76 in 2018[24]. - The net assets attributable to shareholders were ¥2,513,047,531.27, which is a 4.36% increase from ¥2,407,982,882.82 in 2018[24]. - The basic earnings per share for 2019 were ¥0.25, an increase of 8.70% from ¥0.23 in 2018[24]. - The diluted earnings per share also stood at ¥0.25, reflecting the same growth of 8.70% compared to the previous year[24]. - The weighted average return on equity was 5.55%, slightly up from 5.37% in 2018[24]. - The company's total revenue for 2019 was ¥2,460,835,877.51, representing a year-on-year increase of 4.12% compared to ¥2,363,371,941.02 in 2018[62]. Market Position - The company maintains a domestic market share of over 50% for nitrocellulose products and over 20% for international markets[7]. - The company holds a 70% domestic market share for pumps used in phosphate fertilizers and a 40% share for pumps used in flue gas desulfurization[7]. - The company maintains a leading position in the cellulose and its derivatives industry, with a global market share in nitrocellulose production since 2004[34]. - The company has a market share of approximately 15% in activated carbon products and 25% in civil defense filters, with an 80% market share in export masks[39]. - The special industrial pump segment holds a 70% market share in the domestic phosphate fertilizer pump market and a 40% market share in the flue gas desulfurization pump market[40]. Environmental Initiatives - The company faces environmental risks due to increasing pollution control standards, leading to higher costs and investment in environmental protection[8]. - The company has increased its environmental investment to comply with stricter emission standards and reduce waste treatment pressure[8]. - The company is actively pursuing energy-saving and emission-reduction initiatives to mitigate environmental risks[8]. - The company has made progress in environmental management, achieving compliance with stringent nitrogen discharge standards[49]. - The company completed the VOC emission control standards and treatment methods for the nitrocellulose production line, ensuring compliance with national regulations and mitigating environmental risks[75]. - The company implemented over 10 projects for source reduction and end-of-pipe treatment, enhancing its pollution prevention capabilities[196]. - The company’s wastewater and air emissions consistently met standards, with no exceedances reported for major pollutants[196]. - The company has established an environmental self-monitoring plan, ensuring compliance with regulations and timely reporting to local environmental authorities[199]. Research and Development - The company has developed 41 new products and achieved 96 product transformations in the special industrial pump segment[41]. - The company’s R&D center has advanced projects that have reached international advanced levels, including high-efficiency continuous acid washing technology for nitrocellulose[41]. - The company’s R&D expenses increased by 13.42% to ¥96,024,100.18, indicating a focus on innovation[74]. - The company has completed the development of six pump types for the alumina industry, enhancing product efficiency and lifespan, supporting its transformation and upgrade strategy[76]. - The company is focusing on technological innovation and quality improvement to enhance competitiveness and profitability[112]. Dividend Policy - The company plans to distribute a cash dividend of 0.55 RMB per 10 shares to all shareholders, based on a total of 549,034,794 shares[4]. - The company implemented a cash dividend policy, distributing at least 10% of the annual distributable profit as cash dividends, with a cumulative distribution of at least 30% of the average annual distributable profit over any three consecutive years[128]. - The cash dividend distribution represents 22.11% of the net profit attributable to ordinary shareholders for 2019, which was RMB 136,595,707.22[137]. - The total distributable profit for the year was RMB 893,776,423.87, with the cash dividend accounting for 100% of the profit distribution[138]. - The company has maintained a consistent cash dividend policy over the past three years, reflecting its commitment to returning value to shareholders[136]. Social Responsibility - The company donated epidemic prevention materials worth 3.009 million yuan to support COVID-19 control efforts[112]. - The company helped 312 registered impoverished individuals to escape poverty through various initiatives in 2019[191]. - The company donated RMB 100,000 to support poverty alleviation efforts in Yunnan Province[190]. - The company is actively involved in social responsibility initiatives, including targeted poverty alleviation and community support[189]. - The company plans to donate a total of 3.519 million yuan for targeted poverty alleviation projects in 2020, including 100,000 yuan to Honghe County, Yunnan Province[193]. Future Outlook - The company provided a positive outlook for 2020, projecting a revenue growth of 10% to 15% based on market expansion strategies[142]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[142]. - The company aims to enhance operational efficiency, targeting a reduction in production costs by 5% through process optimization[142]. - Future guidance includes a focus on sustainable practices, with plans to invest in eco-friendly technologies amounting to 100 million yuan[142].