Delian Group(SZ:002666)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥4,467,762,291.06, representing a 16.02% increase compared to ¥3,850,912,775.55 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥232,707,376.53, a 6.52% increase from ¥218,457,710.76 in 2019[6]. - The net cash flow from operating activities increased by 192.41% to ¥287,089,416.15 in 2020, compared to ¥98,181,587.07 in 2019[6]. - The basic earnings per share for 2020 was ¥0.31, up 6.90% from ¥0.29 in 2019[6]. - The total assets at the end of 2020 were ¥4,174,052,835.82, a 3.17% increase from ¥4,045,926,091.96 at the end of 2019[6]. - The net assets attributable to shareholders increased by 6.58% to ¥3,186,516,790.13 at the end of 2020, compared to ¥2,989,787,297.01 at the end of 2019[6]. - The company achieved total revenue of 4,467.76 million yuan in 2020, a year-on-year increase of 16.02%, and a total profit of 285.35 million yuan, up 10.37% year-on-year[39]. - The net profit attributable to shareholders was 232.71 million yuan, reflecting a year-on-year growth of 6.52%, while the net profit excluding non-recurring gains and losses was 210.67 million yuan, a slight increase of 0.46% year-on-year[39]. Dividend Distribution - The company plans to distribute a cash dividend of 1.07 RMB per 10 shares to all shareholders, based on a total of 754,329,268 shares[4]. - In 2020, the company distributed cash dividends of RMB 80,713,231.68, which is 34.68% of the net profit attributable to ordinary shareholders[103]. - In 2019, the cash dividends amounted to RMB 30,173,170.72, representing 13.81% of the net profit attributable to ordinary shareholders[103]. - The cash dividend per 10 shares for 2020 was RMB 1.07, compared to RMB 0.40 in 2019[104]. - The cash dividend distribution accounted for 100% of the total profit distribution in 2020[104]. - The company has not proposed any cash dividend distribution plan for the current reporting period despite having positive profits available for distribution[103]. Business Operations and Strategy - The company has established a dual development model focusing on automotive fine chemicals and automotive aftermarket services[25]. - The automotive fine chemicals business includes products such as antifreeze, brake fluid, and lubricants, with a customer base of 56 automotive manufacturers[25]. - The automotive aftermarket service market is significant, with over 200 million passenger vehicles in China and annual maintenance costs forming a large market opportunity[25]. - The company is expanding its presence in the new energy vehicle sector, focusing on business upgrades and product category expansion[25]. - The company achieved a revenue and profit growth despite the overall industry downturn, indicating effective measures in market expansion and product structure adjustment[38]. - The company has established five "贴厂基地" (贴近核心汽车厂) to enhance service capabilities and reduce transportation costs, covering major automotive industry clusters in China[32]. - The automotive aftermarket project has a total committed investment of 896.44 million CNY, with 206.77 million CNY invested by the end of the reporting period, achieving 81.09% of the planned investment[79]. - The company has shifted its focus from opening new direct stores to expanding franchise and online sales channels in response to market trends[81]. Research and Development - R&D investment totaled 84.00 million yuan, with significant progress in the development of water-soluble sprayable films, achieving product certifications from major automotive clients[40]. - The company has developed a new product, water-soluble sprayable film, which has received certifications from major automotive manufacturers, laying a foundation for future business expansion[34]. - The company established a strategic partnership with Chemours to promote Opteon™ YF refrigerant in the automotive market, enhancing its competitive position in the domestic automotive chemicals sector[42]. Market and Industry Trends - In 2020, the domestic automotive industry faced challenges with production and sales decreasing by 2.0% and 1.9% respectively, totaling 25.225 million and 25.311 million vehicles[38]. - The company faces risks related to the automotive industry's development, as its main business is closely tied to the automotive sector, which may be affected by economic conditions and consumer demand uncertainties[91]. - The Chinese automotive market is expected to grow by over 4% in 2021, with annual production and sales potentially reaching 30 million units by 2025[88]. Corporate Governance and Compliance - The company has maintained a stable board of directors, with key members serving since 2009, ensuring continuity in strategic direction[165]. - The company has established a complete and independent governance structure, ensuring separation from the controlling shareholders in terms of business, personnel, assets, and finance[185]. - The independent directors attended 7 board meetings, with an attendance rate of 100% for the meetings they were present[189]. - The company has implemented strict internal controls and auditing systems to ensure compliance and risk management[184]. Social Responsibility - The company received awards for its contributions to pandemic relief, including over 1 million yuan worth of medical supplies donated to various regions[44]. - The company has a robust employee rights protection policy, ensuring full salary payments during the pandemic despite significant revenue declines[135]. - The company has been recognized as a key pollutant discharge unit and has implemented various pollution control measures, including the installation of VOCs monitoring equipment[140].