ZYNP(002448)2021-04-28 16:00Financial Performance - The company reported a total revenue of 2.53 billion RMB for the year 2020, reflecting a year-on-year increase of 15%[12] - The company's operating revenue for 2020 was ¥1,820,271,879.19, representing a 22.15% increase compared to ¥1,490,193,981.98 in 2019[6] - The net profit attributable to shareholders for 2020 was ¥149,609,850.42, a significant increase of 69.78% from ¥88,118,426.19 in 2019[6] - The net profit after deducting non-recurring gains and losses was ¥111,476,850.96, which is a 21.72% increase from ¥91,585,009.49 in 2019[6] - The company's total assets at the end of 2020 were ¥4,975,575,242.63, marking a 19.00% increase from ¥4,181,023,648.08 at the end of 2019[6] - The basic earnings per share for 2020 was ¥0.25, up 66.67% from ¥0.15 in 2019[6] - The total profit reached 173.56 million CNY, representing an 80.52% increase compared to 96.14 million CNY in 2019[51] - The net profit attributable to shareholders was 149.61 million CNY, up 69.78% from 88.12 million CNY in the previous year[51] - The gross profit margin for the automotive parts manufacturing sector was 28.68%, with a year-on-year increase of 6.98%[59] Cash Flow and Dividends - The company plans to distribute a cash dividend of 1 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4] - The company reported a net cash flow from operating activities of ¥123,399,118.81, which is a decrease of 27.56% compared to ¥170,338,579.79 in 2019[6] - The total cash dividend amount for 2020 was CNY 58,840,964.60, which accounted for 100% of the total profit distribution[117] - The company plans to distribute a cash dividend of CNY 1 per 10 shares (including tax) based on the total share capital after deducting shares held in the repurchase account[119] Research and Development - The company maintains its commitment to research and development, focusing on new product innovations and technology advancements[12] - The company has established eight major technology innovation platforms, enhancing its research capabilities in engine cylinder liner technology[43] - Research and development expenses increased by 16.33% to RMB 110,294,211.77, representing 6.06% of operating revenue[73] - The company has a strong R&D team and has established technical cooperation with international clients like Cummins and Ford, maintaining a leading position in cylinder sleeve material development[31] Market Position and Strategy - The company is actively exploring market expansion opportunities both domestically and internationally[12] - The company has established strategic partnerships with global automotive giants, enhancing its market position and reputation[28] - The company has developed into an advanced supplier of power piston component systems and has established a strong presence in the automotive parts industry[26] - The automotive parts industry is experiencing a trend towards globalization, with companies seeking to reduce costs through global sourcing of components[36] Environmental Responsibility - The company is classified as a key pollutant discharge unit, adhering to environmental protection standards[167] - The average COD concentration in wastewater was reported at 47.22 mg/L, which is compliant with the discharge standards[167] - The company achieved a total phosphorus average concentration of 1.55 mg/L in wastewater, below the regulatory limit[167] - The company reported zero excess emissions of ammonia nitrogen (NH3-N) in its wastewater discharge[167] - The company has implemented a dust collection system for its melting process, achieving a dust collection rate of over 95% and a treatment efficiency of 99%[174] Corporate Governance and Compliance - The company's financial report has been confirmed as true, accurate, and complete by its board of directors and management[3] - The company has established a comprehensive governance structure to manage risks associated with rapid expansion and operational complexity[106] - The company has not faced any penalties or rectification issues during the reporting period[135] Social Responsibility - The company has established a mutual aid fund that has disbursed CNY 1,040,000 to assist 352 employees in need since its inception in 2014[163] - The company donated CNY 1,000,000 to support COVID-19 prevention efforts in Mengzhou City[164] - The company is committed to a "four-in-one" public welfare planning strategy to enhance its social contributions[166] Stock and Shareholder Information - The total number of shares decreased from 607,370,105 to 603,144,105, a reduction of 4,226,000 shares[193] - The number of restricted shares decreased from 135,886,060 (22.37%) to 126,154,060 (20.92%), a decrease of 9,731,998 shares[193] - The company completed the share repurchase plan by acquiring 14,734,459 shares, representing 2.43% of the total share capital[198] - The company’s stock incentive plan has undergone multiple adjustments and unlockings since its initiation in 2017[140]