Northglass(SZ:002613)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥1.065 billion, a decrease of 2.68% compared to ¥1.095 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥13.63 million, down 48.81% from ¥26.63 million in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥15.03 million, a decline of 280.30% compared to ¥8.34 million in 2019[16]. - The company's operating income for 2020 was CNY 1,065,336,556.88, a decrease of 2.4% compared to CNY 1,094,668,741.78 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY -12,902,196.27, reflecting a significant decline from the previous year's profit[22]. - The basic and diluted earnings per share for 2020 were both CNY 0.0145, down 48.94% from CNY 0.0284 in 2019[17]. - The cash flow from operating activities was CNY 28,301,216.35, a decrease of 46.39% from CNY 52,789,457.82 in the previous year[17]. - The company's total assets increased by 6.44% to CNY 2,106,666,542.69 at the end of 2020, compared to CNY 1,979,224,458.36 at the end of 2019[17]. - The company's fixed assets decreased by 9.75% compared to the beginning of the period due to normal depreciation[40]. - The company's construction in progress increased by 495.02% compared to the beginning of the period, reflecting increased investment in fixed assets[40]. Dividend Distribution - The company plans to distribute a cash dividend of ¥0.35 per 10 shares, totaling approximately ¥32.5 million based on 937,170,000 shares[4]. - The cash dividend for 2020 represented 240.61% of the net profit attributable to the company's shareholders, while no dividends were distributed in 2018 and 2019[119]. - The total distributable profit for the company was reported at RMB 290,343,906.57, with no cash dividends distributed during the reporting period[121]. - The cash dividend distribution plan for 2020 is subject to approval at the company's annual general meeting[118]. - The company has maintained a consistent policy of not distributing dividends in the previous two fiscal years, focusing on reinvestment for future growth[117]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in its operational focus[14]. - The company is focused on risk analysis in its future development outlook, highlighting potential operational risks[4]. - The company has established a strong presence in over 50 countries along the "Belt and Road" initiative, providing significant growth opportunities[38]. - The company has developed over 300 product types, focusing on high-end energy-saving glass deep processing equipment and products[25]. - The company has established a large-scale personalized customization model to meet specific customer needs, enhancing cooperation with well-known suppliers[32]. - The company’s products are positioned in the high-end market, leveraging its technological advantages in glass deep processing[59]. - The company emphasizes innovation and has implemented a talent incentive mechanism to enhance its R&D capabilities and foster a culture of innovation among employees[50]. Research and Development - The company has over 300 R&D personnel, including senior engineers and researchers, contributing to its continuous innovation and development[41]. - Research and development investment remained stable at 64.26 million yuan, focusing on core technologies such as 2.0mm glass full tempering technology and optimizing solar continuous tempering equipment[50]. - The company achieved a 10% reduction in energy consumption for its main product, glass tempering equipment, through various energy-saving measures[55]. - The company is actively involved in the development of new technologies and products, as indicated by the diverse backgrounds of its management team[193]. - The company reported a total of 30,605.66 million in cumulative investments in committed projects, with a significant portion still pending completion[96]. Market and Competition - The company acknowledges significant macroeconomic risks due to the complex global economic environment and plans to adjust its strategies accordingly, focusing on R&D and market expansion[111]. - The ongoing COVID-19 pandemic poses risks to overseas market demand, potentially affecting product exports and necessitating strategic adjustments[111]. - The company faces market competition risks, as it must continuously enhance product competitiveness to maintain market share against increasing competition[112]. - Currency exchange rate fluctuations present risks to the company's export business, particularly as it primarily deals in USD and EUR, impacting pricing and profitability[112]. Environmental and Social Responsibility - The company is committed to environmental protection and safety, implementing measures to control pollution and enhance safety management in production processes[113]. - The company has made a cumulative environmental protection investment of nearly CNY 20 million over three years, enhancing its environmental management to an industry-leading level[166]. - The average concentration of non-methane emissions from the company's painting process in Luoyang is 6.84 mg/m³, which complies with national standards[161]. - The company has signed a partnership agreement with the local government to support poverty alleviation initiatives, focusing on long-term assistance for children[157]. - The company has implemented measures to improve employee working conditions and enhance corporate cohesion[155]. Corporate Governance - The company has established a wholly-owned subsidiary, Luoyang North Glass High-end Equipment Industrial Park Co., Ltd., to enhance manufacturing capabilities and expand production capacity, securing approximately 171 acres of land in the Luoxin Industrial Cluster Area[50]. - The company has maintained a good integrity status with no significant debts or court judgments outstanding[134]. - The company has no significant litigation or arbitration matters affecting its financial position[132]. - The company has a total of 6 independent directors, ensuring compliance and governance standards are met[195]. - The company follows a remuneration decision-making process based on its articles of association and operational performance[197]. Shareholder Information - The total number of shares is 937,170,000, with 40.49% being limited shares and 59.51% being unrestricted shares[178]. - The controlling shareholder, Gao Xueming, holds 51.46% of the shares, with a total of 482,230,200 shares[180]. - The top three shareholders, Gao Xueming, Feng Jinjun, and Gao Xuelin, are acting in concert[181]. - The company did not engage in any repurchase transactions during the reporting period[181]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 650.44 million[199].