长青股份(002391) - 2019 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2019 was approximately CNY 3.38 billion, representing a 12.54% increase compared to CNY 3.00 billion in 2018[14]. - The net profit attributable to shareholders was approximately CNY 370.84 million, an increase of 16.09% from CNY 319.43 million in the previous year[14]. - Basic earnings per share increased to CNY 0.6930, reflecting a growth of 16.98% compared to CNY 0.5924 in 2018[14]. - The company's net profit excluding non-recurring gains and losses of approximately CNY 355.46 million, a 10.35% increase from CNY 322.11 million in 2018[14]. - The total assets at the end of 2019 reached approximately CNY 5.14 billion, a 26.27% increase from CNY 4.07 billion at the end of 2018[14]. - The company's net assets attributable to shareholders increased by 6.11% to approximately CNY 3.46 billion, up from CNY 3.26 billion in 2018[14]. - The weighted average return on equity for 2019 was 10.89%, an increase from 10.16% in 2018[14]. - The company achieved a revenue of 3.8 billion yuan in 2020, representing a growth of 12.52% compared to 2019[83]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 38.47% to approximately CNY 374.44 million, down from CNY 608.57 million in 2018[14]. - The company plans to distribute a cash dividend of CNY 2 per 10 shares to all shareholders[4]. - The total cash dividend amount for 2019 is RMB 132,063,296.20, which represents 100% of the distributable profit[96]. - The cash dividends paid in 2019 accounted for 35.61% of the net profit attributable to shareholders[96]. - The company will continue to implement a stable profit distribution policy over the next three years (2018-2020), prioritizing cash dividends, with a minimum of 20% of the distributable profits allocated as cash dividends each year[99]. Research and Development - The company has established a comprehensive R&D system, extending from raw materials to downstream formulations, enhancing its competitive edge[23]. - The company’s research and development expenses amounted to ¥148,770,301.31, representing a 7.77% increase compared to the previous year[55]. - The number of R&D personnel remained stable at 308, with R&D personnel accounting for 15.97% of the total workforce[56]. - The company obtained 17 new patents during the reporting period, bringing the total number of authorized invention patents to 27[56]. Environmental Management - The company has implemented strict environmental management practices, achieving ISO 14001 certification for its environmental management system[30]. - The company has achieved compliance with national environmental standards, with emissions of particulate matter from various sources meeting regulatory limits[137]. - The company has established a dedicated environmental management organization and has obtained the necessary pollution discharge permits[139]. - The company has installed online monitoring systems for wastewater and air emissions, ensuring real-time compliance with national discharge standards[145]. Market Position and Strategy - The company ranked 13th in the 2018 China Pesticide Industry Sales Top 100 list, with an export value ranking 8th nationally[23]. - The company plans to focus on the development of high-efficiency, low-toxicity, and low-residue pesticides, enhancing its production capabilities at the Yichang base[83]. - The company aims to establish a global sales network and increase direct export ratios through intensive overseas registration efforts[82]. - The company is committed to becoming a leading green pesticide enterprise in China's segmented market within the next 3-5 years[82]. Financial Instruments and Investments - The company issued CNY 9.138 billion in convertible bonds to fund six investment projects, including a project for producing 6,000 tons of glyphosate raw materials[40]. - The total investment amount for the reporting period reached ¥929,210,000, a significant increase of 92,083.53% compared to the previous year's investment of ¥1,008,000[65]. - The company has committed to several investment projects, including a 6000-ton wheat straw herbicide project, with a total investment of ¥36,885,000[74]. - The company has a structured deposit product with a total amount of 30,000 million, offering a floating interest rate of 3.75%[128]. Corporate Governance - The company has established a competitive compensation and benefits system to attract and retain talent, based on job responsibilities and performance[196]. - The governance structure includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective decision-making and checks and balances[200]. - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[93]. - The company has established a comprehensive performance evaluation system for senior management to determine their remuneration[191]. Employee and Management - The total employee compensation amounted to CNY 208.40 million, representing a growth of 7.27% compared to the previous year[132]. - The company has a total of 15 senior management personnel, with varying remuneration levels based on their roles and responsibilities[192]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.1667 million[192]. - The company’s management team includes professionals with extensive experience in the agricultural and chemical industries, enhancing its strategic direction[188].