长高电新(002452) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 1,561,726,498.01, representing a 34.73% increase compared to CNY 1,159,125,391.66 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 213,081,174.81, a 47.05% increase from CNY 144,899,709.27 in 2019[17]. - The net profit after deducting non-recurring gains and losses was CNY 198,885,729.87, which is an increase of 108.88% compared to CNY 95,213,416.05 in 2019[18]. - The net cash flow from operating activities reached CNY 205,726,355.13, a significant increase of 425.70% from CNY 39,134,113.09 in 2019[18]. - The total assets at the end of 2020 were CNY 3,616,415,259.55, up 22.69% from CNY 2,947,709,994.73 at the end of 2019[18]. - The net assets attributable to shareholders increased to CNY 1,455,714,395.43, a rise of 15.83% from CNY 1,256,721,468.16 in 2019[18]. - The basic earnings per share for 2020 were CNY 0.4015, reflecting a 47.61% increase from CNY 0.2720 in 2019[18]. - The total revenue for the year 2020 was 1,560,000,000.00 CNY, representing a year-on-year increase of 9.23% compared to 2019[60]. - The company achieved a total operating revenue of 1.562 billion yuan and a net profit attributable to the listed company of 213 million yuan in 2020, meeting its annual operational goals[91]. Dividend Distribution - The company plans to distribute a cash dividend of 0.7 CNY per 10 shares to all shareholders, based on a total share capital of 533,492,910 shares as of December 31, 2020[5]. - In 2020, the company's net profit attributable to shareholders was 213,081,174.81 yuan, with a distributable profit of 583,068,368.35 yuan[113]. - The cash dividend for 2019 was 37,058,000 yuan, representing 25.57% of the net profit attributable to shareholders of 144,899,709.27 yuan[111]. - The company did not distribute any dividends in 2018, as the net profit attributable to shareholders was -246,055,861.04 yuan[111]. - The cash dividend policy complies with the company's articles of association and has been clearly defined[107]. Risk Management - The company acknowledges various risks including industry risk, market risk, and raw material price fluctuations that may impact profitability[5]. - The company has established a comprehensive risk management framework to address potential operational and financial risks[5]. - The company faces industry risks, market risks, and raw material price fluctuation risks, which could impact economic benefits if national policies change or investments are delayed[96][97]. - The company has established a standardized management system but faces management risks due to rapid growth and increased operational complexity[98]. Research and Development - The company increased its R&D expenses by 19% during the reporting period, reflecting a commitment to innovation and product development[42]. - The company applied for 24 invention patents and 46 utility model patents during the reporting period, with 11 invention patents and 59 utility model patents granted[38]. - The company plans to increase product R&D efforts, particularly in developing 550kV combined electrical appliances, to enhance product competitiveness and meet national strategic demands[93]. - The management team has a strong focus on research and development to innovate new products and technologies[186]. Market Expansion - The company is focused on expanding its market presence and developing new technologies in the high-voltage switchgear sector[12]. - The company has expanded its business scope to include electric vehicle components manufacturing and charging infrastructure services[16]. - The company plans to continue expanding its market presence and enhancing its product offerings in the high-voltage switchgear sector[186]. Corporate Governance - The company has established a comprehensive corporate governance structure and an interactive platform for investors, ensuring fair and transparent information disclosure[148]. - The company is committed to improving investor relations management and completing a non-public stock issuance to support rapid development[95]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[115]. Environmental Responsibility - The company emphasizes environmental protection, adopting the ISO14000 environmental management system and continuously improving automation levels to reduce negative environmental impacts[150]. - The company is classified as a key pollutant discharge unit, with specific pollutants including NOX and VOCs monitored through online devices[152]. - The company has increased the efficiency of its wastewater treatment with new equipment and improved fire safety in its spray booths[153]. Employee Management - The total number of employees in the company is 1,507, with 146 in the parent company and 1,361 in major subsidiaries[200]. - The professional composition includes 786 production personnel, 125 sales personnel, 421 technical personnel, 28 financial personnel, and 147 administrative personnel[200]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 298.36 million yuan[197]. - The company has granted a total of 246,000 stock options to its directors and senior management during the reporting period[198]. Financial Disclosures - The company emphasizes the importance of accurate financial reporting and has declared that the financial report is true, accurate, and complete[4]. - The company’s financial disclosures are made available through multiple media outlets, ensuring broad accessibility for investors[15]. - The company executed the new revenue recognition standards starting from January 1, 2020, which did not have a significant impact on its financial position and operating results[118]. Shareholder Information - The total number of shareholders at the end of the reporting period was 32,747, a decrease from 37,839 at the end of the previous month[169]. - Major shareholder Ma Xiaowu holds 19.56% of the shares, totaling 104,388,594 shares, with a significant portion being subject to lock-up[169]. - The company reported no changes in major shareholders or actual controllers during the reporting period[172]. - The total shares held by the board members and senior management at the end of the reporting period amounted to 162,558,430 shares, with an increase of 246,000 shares during the period[182].