富煌钢构(002743) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 4,074,415,980.63, representing an increase of 8.95% compared to CNY 3,739,840,077.26 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 132,901,786.31, a significant increase of 47.21% from CNY 90,279,867.97 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 124,647,053.99, up 59.44% from CNY 78,178,181.06 in 2019[17]. - The basic earnings per share for 2020 was CNY 0.40, an increase of 48.15% compared to CNY 0.27 in 2019[17]. - The weighted average return on net assets was 5.97%, up from 4.31% in the previous year, indicating improved profitability[17]. - Total assets increased by 17.79% to CNY 9,045,273,442.87 from CNY 7,678,994,231.05[19]. - Net assets attributable to shareholders rose by 34.20% to CNY 2,913,727,384.34 compared to CNY 2,171,111,840.64[19]. - The company achieved operating revenue of CNY 407,441.60 million in 2020, representing a year-on-year growth of 8.95%[38]. - The net profit attributable to shareholders increased to CNY 13,290.18 million, a growth of 47.21% compared to the previous year[38]. - Basic earnings per share rose to CNY 0.40, reflecting a year-on-year increase of 48.15%[38]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 46.61% to CNY 213,497,381.52 from CNY 399,900,143.22 in 2019[17]. - The company plans to distribute a cash dividend of CNY 0.62 per 10 shares, based on a total of 435,268,478 shares[5]. - The cash dividend for 2020 represents 20.31% of the net profit attributable to ordinary shareholders, which was RMB 132,901,786.31[109]. - The total distributable profit for 2020 was RMB 653,073,216.83, with the cash dividend accounting for 100% of the profit distribution[110]. - The company has maintained a consistent cash dividend policy over the past three years, with previous distributions of RMB 0.50 per 10 shares in 2018, totaling approximately RMB 16.82 million[106]. Business Operations and Strategy - The company operates in the steel structure design, manufacturing, and installation sector, focusing on heavy and special steel structures[27]. - Major products include heavy steel structures for large industrial buildings and lightweight steel structures for warehouses[28]. - The company employs an order-driven business model, with procurement and production aligned with sales[29]. - The company has established subsidiaries for various business segments, including wood products and prefabricated building components[27]. - The company is focusing on the dual-driven strategy of EPC contracting and basic processing, with an increasing proportion of EPC projects in its portfolio[40]. - The company plans to continue its R&D efforts in prefabricated high-rise steel structure housing technology, aligning with market demand for prefabricated buildings[40]. Market Position and Growth - The company has established a comprehensive marketing strategy focusing on strategic and major clients, leading to rapid growth in the East China region[32]. - The company holds high-level qualifications, including special-grade qualifications for housing construction and steel structure manufacturing, ensuring its ability to undertake large-scale projects[34]. - The company has obtained nearly 300 patents and established a national assembly-type building industrial base, enhancing its technological leadership[35]. - The company is committed to high-quality development and aims to transform into an innovative and quality-driven enterprise[87]. - The company recognizes the trend of industry consolidation, where leading firms with strong brands and technology will dominate the market[85]. Risks and Challenges - The company faces economic cycle and macro policy risks that could impact its main business performance, necessitating timely adjustments to operational strategies[94]. - Fluctuations in raw material prices, particularly steel, pose a risk to the company's performance, prompting strategies to monitor prices and secure contracts[95]. - Management risks associated with rapid expansion require the company to optimize its management structure and enhance governance to maintain growth and performance[97]. Shareholder and Compliance Matters - The company reported a total of 355,318,732.26 CNY in unutilized raised funds as of December 31, 2020, all held in the fundraising account[84]. - The independent directors have expressed their agreement with the dividend plan, ensuring it aligns with investor interests and sustainable development needs[105]. - The company has committed to balancing shareholder returns with long-term development plans in its profit distribution strategy[111]. - The company is actively managing its shareholder structure and compliance with equity change reporting obligations[123]. - The company is focused on maintaining transparency and regulatory compliance in its capital market activities[123]. Environmental and Social Responsibility - The company emphasizes environmental protection and adheres to low-carbon operations, complying with national and local environmental laws without any major pollution incidents reported[164]. - The company has actively participated in social welfare initiatives, including donations and support for education and poverty alleviation[165]. - The company is actively participating in rural revitalization by promoting the construction of prefabricated steel structure rural houses, enhancing the living standards of rural residents[89].