RTGF(SZ:002440)2020-04-26 16:00Financial Performance - The company's operating revenue for 2019 was ¥6,513,168,920.40, representing a 0.76% increase compared to ¥6,464,083,529.68 in 2018[29]. - The net profit attributable to shareholders for 2019 was ¥1,369,965,968.02, which is a 4.34% increase from ¥1,313,034,857.31 in 2018[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 12.73% to ¥1,075,108,188.82 from ¥1,231,971,899.71 in 2018[29]. - The net cash flow from operating activities increased by 50.00% to ¥1,839,697,241.26 from ¥1,226,450,769.95 in 2018[29]. - The total assets at the end of 2019 were ¥10,910,713,769.79, an increase of 8.34% from ¥10,070,730,135.98 at the end of 2018[29]. - The net assets attributable to shareholders at the end of 2019 were ¥8,775,344,168.56, reflecting a 10.16% increase from ¥7,966,086,891.47 at the end of 2018[29]. - The basic earnings per share for 2019 was ¥1.19, up 4.39% from ¥1.14 in 2018[29]. - The diluted earnings per share for 2019 was also ¥1.19, showing a 4.39% increase from ¥1.14 in 2018[29]. - The weighted average return on equity for 2019 was 16.46%, down from 17.61% in 2018, a decrease of 1.15%[29]. - The company achieved operating revenue of CNY 6,513,168,920.40, a year-on-year increase of 0.76%[55]. - The operating profit reached CNY 1,568,559,806.26, reflecting a year-on-year growth of 5.34%[55]. - The company’s sales in the domestic market were ¥5,792,201,642.36, accounting for 88.93% of total sales, while international sales increased by 10.02% to ¥720,967,278.04[67]. Cash Dividends - The company reported a profit distribution plan to distribute cash dividends of 3.5 RMB per 10 shares (tax included) based on 1,150,500,000 shares[13]. - The cash dividend amount represents 29.39% of the net profit attributable to ordinary shareholders for 2019, which is RMB 1,369,965,968.02[140]. - Over the past three years, the company has distributed cash dividends of RMB 345,150,000.00 in 2017, RMB 575,250,000.00 in 2018, and RMB 402,675,000.00 in 2019[140]. - The total distributable profit available to the company for 2019 is RMB 2,793,564,531.43 after accounting for the legal surplus reserve and previous undistributed profits[143]. - The company has not proposed any stock bonus or capital reserve transfer for the fiscal year 2019[143]. - The cash dividend policy is in compliance with the company's articles of association and has been communicated effectively to shareholders, ensuring their rights are protected[141]. - The company has maintained a consistent cash dividend distribution strategy over the past three years, with clear standards and procedures in place[141]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding profit distribution[141]. Research and Development - The company invested CNY 231 million in R&D during the reporting period, applying for 26 invention patents and 4 utility model patents[49]. - The company applied for 26 invention patents and 4 utility model patents in 2019, with 18 patents granted[58]. - The total R&D investment for 2019 was 230,508,318.21 CNY, accounting for 3.54% of the annual revenue[81]. - The company completed 25 out of 61 R&D projects in 2019, focusing on high-performance dyes and green production processes[80]. - The company plans to enhance R&D investment and focus on new product development and technology upgrades to improve competitiveness[115]. - The company is committed to enhancing its research and development of key intermediates to ensure the integrity of its industrial chain[118]. Environmental and Safety Measures - The company emphasizes the importance of safety production and plans to increase investment in safety measures, adopting advanced safety management methods[8]. - The company plans to enhance its environmental management and increase investment in response to stricter environmental regulations[9]. - The company recognizes the potential volatility in product prices due to environmental and safety regulations affecting upstream suppliers[12]. - The company is responding to stricter environmental regulations by upgrading production equipment and increasing investment in environmental technology[114]. - The company aims to achieve green and safe production goals by increasing environmental investments and reducing waste[115]. - The company emphasizes strengthening safety and environmental protection, aiming to eliminate major risks through enhanced management and investment in clean technology[120]. Market Strategy and Operations - The company will closely monitor macroeconomic trends and adjust its development strategies in response to changes in national industrial policies[7]. - The company aims to control costs and adjust procurement and sales strategies to mitigate market risks associated with raw material supply fluctuations[12]. - The company will focus on maintaining a stable supply of raw materials while adapting to market trends[11]. - The company is focusing on maintaining its market share in the dye industry amidst the impacts of the COVID-19 pandemic[119]. - The company plans to actively expand its market presence, focusing on maintaining market share and balancing production and sales to minimize costs amid challenging economic conditions[121]. - Key technological upgrades are underway to improve production processes and efficiency, particularly in the continuous production of disperse dyes, which will lower production costs[122]. COVID-19 Impact - The company acknowledges the impact of the COVID-19 pandemic on the global economy and has established a command center to manage pandemic-related challenges[13]. - The company will continue to assess the impact of the pandemic on its supply chain and operational performance[13]. - The company is adapting to the ongoing impacts of the COVID-19 pandemic, implementing measures to minimize disruptions to operations and the supply chain[129]. Financial Management and Investments - The company has made significant equity investments in private equity funds, with a total investment of ¥30,000,000.00 in Hangzhou Aopu Investment Partnership[100]. - The company has invested a total of 84 million in entrusted financial management, with 63 million in bank financial products, 16 million in broker financial products, and 5 million in trust financial products[195]. - The company recovered 25.53 million and earned 0.35 million from a specific trust financial product investment of 50 million, with the remaining principal and earnings fully recovered by February 27, 2020[198]. - The annualized return rate for the trust financial product was 8.20%[198]. Corporate Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[146]. - The company has committed to avoiding business competition with its actual controllers and shareholders, ensuring compliance with commitments made in previous reports[146]. - The company implemented changes in accounting policies and estimates, including the adoption of new financial reporting formats as per the Ministry of Finance notifications, impacting the classification of receivables and payables[149]. - The company reported no significant impact from the implementation of the revised accounting standards for non-monetary asset exchanges and debt restructuring during the reporting period[157]. - There were no significant accounting errors requiring retrospective restatement during the reporting period[159]. - The scope of the consolidated financial statements did not change compared to the previous year[160].