SACRED SUN(SZ:002580)2021-03-25 16:00Financial Performance - The company's operating revenue for 2020 was CNY 1,761,288,768.66, a decrease of 5.13% compared to CNY 1,856,545,388.83 in 2019[15]. - Net profit attributable to shareholders increased by 21.43% to CNY 28,646,091.77 in 2020, up from CNY 23,590,827.02 in 2019[15]. - The net profit after deducting non-recurring gains and losses surged by 92.74% to CNY 14,948,951.29 in 2020, compared to CNY 7,755,878.01 in 2019[15]. - The net cash flow from operating activities was CNY 168,853,183.74, reflecting a 6.34% increase from CNY 158,790,564.66 in 2019[15]. - Total assets at the end of 2020 reached CNY 2,413,278,976.20, a 26.25% increase from CNY 1,911,485,523.45 at the end of 2019[15]. - The net assets attributable to shareholders rose by 41.83% to CNY 1,710,250,176.14 at the end of 2020, compared to CNY 1,205,845,719.32 at the end of 2019[15]. - The basic earnings per share increased by 14.29% to CNY 0.08 in 2020, up from CNY 0.07 in 2019[15]. - The company's cash and cash equivalents increased by 172.72%, amounting to CNY 546.18 million, primarily due to funds raised from a non-public stock issuance[26]. - The company's total investment cash inflow increased by 187.43% to CNY 58,227,146.73 in 2020[55]. - The net increase in cash and cash equivalents grew by 428.46%, primarily due to the funds raised from the targeted stock issuance of 486 million yuan[56]. Dividend Distribution - The company reported a profit distribution plan of 0.25 RMB per 10 shares, based on a total of 453,868,993 shares[4]. - The company distributed a cash dividend of RMB 0.25 per share (including tax) for the fiscal year 2020, totaling RMB 11,346,724.83, based on a total share capital of 453,868,993 shares[97]. - The cash dividend for 2020 represents 39.61% of the net profit attributable to shareholders, maintaining a consistent dividend policy[101]. Business Strategy and Expansion - The company plans to expand its business scope to include lithium battery recycling and energy management systems, reflecting a strategic shift towards renewable energy solutions[14]. - The company has accelerated its investment in lithium batteries, responding to the growing demand in the global backup and energy storage market, and has introduced intelligent lithium battery technologies with proprietary intellectual property[35]. - The company aims to enhance its brand influence and market competitiveness by focusing on "new energy, new technology, internationalization, and cross-border" strategies[81]. - In 2021, the company plans to expand its communication market and develop UPS lithium battery customer resources, targeting top-tier manufacturers for testing and shortlist inclusion[82]. - The company is focusing on smart energy solutions and optimizing its operations in the domestic commercial energy storage market, leveraging its capital advantages[83]. Risk Management - The company acknowledges potential risks including industry policy changes, product technology iteration, raw material price fluctuations, exchange rate changes, and environmental risks[4]. - The company has established a management system for commodity futures hedging, ensuring compliance with relevant laws and regulations[61]. - The company engaged in futures hedging activities to mitigate risks associated with raw material price fluctuations[61]. - The company has a dynamic tracking system for raw material price trends and has implemented a futures hedging strategy to counteract price volatility[90]. Research and Development - Research and development expenses rose by 10.23% to CNY 67,495,467.15, representing 3.83% of total revenue, up from 3.30% in 2019[54]. - The company holds 252 patents, with several key technologies leading in the industry, including lithium-ion battery manufacturing methods[27]. - The company is focusing on enhancing its R&D capabilities to keep pace with technological advancements in battery power products, addressing potential product technology iteration risks[89]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, focusing on energy conservation and the promotion of clean production technologies[143]. - In 2020, the company was awarded the title of "4A Enterprise for Producer Responsibility Extension" and has significantly improved its waste battery recycling rate[146]. - The company has established a hazardous waste management information platform to ensure the lifecycle management of batteries, enhancing transparency and efficiency in waste management[145]. - The company actively participated in social responsibility initiatives, donating 500,000 yuan to local hospitals and providing pandemic relief supplies to various countries[148]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3]. - The actual controller, shareholders, and related parties have fulfilled their commitments during the reporting period, ensuring the independence of the company's management and financial systems[103]. - The company guarantees the independence of its assets, ensuring no violations of fund or asset occupation by controlling entities[104]. - The company has established a complete and independent labor and personnel management system, separate from controlling entities[104]. Market Presence and Sales - The company has expanded its international market presence, covering over 130 countries and regions, while actively managing foreign exchange risks due to fluctuations in exchange rates[91]. - The company successfully won bids for major projects in various sectors, including telecommunications, data centers, and rail transit, enhancing its market position in China[38]. - The company launched lithium battery products for electric forklifts with a cycle life of 3,500 times and achieved over 95% energy conversion efficiency, promoting green power solutions[43]. - The company has formed a diverse product spectrum to meet the multifunctional needs of domestic and international customers in various application scenarios[35]. Shareholder Information - The company issued 104,738,998 shares in January 2021, increasing total shares to 453,868,993, with Shandong Guohui becoming the controlling shareholder[14]. - The largest shareholder, Shandong Guohui Investment Co., Ltd., holds 23.08% of the shares, totaling 104,738,998 shares[179]. - The second-largest shareholder, Song Bin, holds 5.66% of the shares, with a total of 25,704,287 shares, which increased by 6,426,072 shares during the reporting period[179]. - The company reported a total of 49,931,650 shares held by directors, supervisors, and senior management at the end of the reporting period[191].