江海股份(002484) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 2,635,045,312.40, representing a 24.12% increase compared to CNY 2,123,032,689.24 in 2019[28]. - The net profit attributable to shareholders for 2020 was CNY 372,810,676.22, a 54.95% increase from CNY 240,595,241.74 in 2019[28]. - The net cash flow from operating activities reached CNY 286,134,268.62, marking a significant increase of 180.82% compared to CNY 101,892,750.54 in 2019[28]. - The basic earnings per share for 2020 was CNY 0.4556, up 54.34% from CNY 0.2952 in 2019[28]. - The weighted average return on net assets for 2020 was 10.19%, an increase from 7.23% in 2019[28]. - Total revenue for 2020 reached CNY 2,635.05 million, a year-on-year increase of 24.12%[62]. - Net profit attributable to shareholders was CNY 372.81 million, up 54.95% compared to 2019[62]. - The company's net profit margin for 2020 was approximately 26.44%, indicating strong profitability relative to its revenue[124]. Market and Sales Strategy - The company plans to expand its domestic market sales while increasing the export of high-tech new products to mitigate the negative impact of U.S. tariffs[5]. - The company is focusing on increasing the proportion of self-produced core materials, especially high-end materials, to counteract rising raw material costs and international shipping fees[5]. - The company aims to leverage internet platforms and video conferencing to minimize the adverse effects of the COVID-19 pandemic on technical and business communications[5]. - The electronic components segment accounted for 91.44% of total revenue, with a year-on-year growth of 28.45%[64]. - Domestic sales accounted for ¥1,807,055,792.07, representing a 20.30% increase year-on-year, while foreign sales were ¥804,790,703.71, up 33.86%[68]. Research and Development - The company is committed to enhancing its research and development capabilities for new products and technologies to drive future growth[5]. - A total of 71 patents were granted in 2020, including 2 invention patents, showcasing the company's commitment to innovation[52]. - Research and development expenses increased by 23.65% to ¥154,435,984.22, indicating a commitment to enhancing product technology and market competitiveness[79]. - The number of R&D personnel rose by 12.32% to 611 in 2020, compared to 544 in 2019[81]. Investments and Acquisitions - The acquisition of Hitachi Chemical's capacitor business was completed in June 2020, enhancing the company's R&D and manufacturing capabilities[43]. - The company acquired AIC Tech Inc. on May 31, 2020, for ¥29,604,619.10, gaining 100% ownership and contributing ¥236,508,506.36 to revenue[73]. - Investment in the Hubei Haicheng small capacitor project totaled ¥270 million, expected to generate output capacity of ¥450 million[44]. - The company has established strategic alliances with international partners to enhance technology and market reach[58]. Cash Flow and Assets - Cash and cash equivalents rose by CNY 203.15 million, up 36.59%, attributed to increased sales collection efforts[53]. - Inventory increased by CNY 216.80 million, a rise of 46.43%, reflecting the need to stock up due to business growth[53]. - The company reported a net increase in cash and cash equivalents of ¥210,897,175.48, a 571.62% increase from ¥31,401,370.91 in 2019[85]. - Total assets increased to ¥5,164,324,387.22, up 14.74% from ¥4,500,961,413.32[31]. Dividend Policy - A cash dividend of CNY 1.2 per 10 shares (including tax) is proposed, based on a total of 821,407,419 shares[6]. - The cash dividend for 2020 is set at RMB 1.2 per 10 shares, totaling RMB 98,568,890.28, which is 100% of the total profit distribution[125]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of RMB 0.8 per 10 shares in 2018 and 2019, and an increase to RMB 1.2 in 2020[120]. Corporate Governance and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period[138]. - There were no penalties or rectification measures imposed on the company during the reporting period[139]. - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[132]. - There were no changes in the scope of consolidation compared to the previous year's financial report, except for the acquisition mentioned above[133]. Social Responsibility and Employee Welfare - The company aims to create value for stakeholders while actively fulfilling social responsibilities through green development and resource conservation[172]. - The company has established an employee incentive fund and conducts annual health check-ups for employees, demonstrating a commitment to employee well-being[172]. Shareholder Structure - The company has 25,731 shareholders, with the largest shareholder holding 31.60% of the shares[189]. - The controlling shareholder, Yiwei Investment Limited, is a foreign entity established on August 5, 2005, primarily engaged in investment activities[195]. - The actual controller of the company is also Yiwei Investment Limited, with no changes reported in the ownership structure[196].