KAILONG(SZ:002783)2021-04-27 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares (including tax) to all shareholders[4]. - In 2020, the company plans to distribute cash dividends of 38,173,033.40 CNY, which is 75.83% of the net profit attributable to shareholders[120]. - The company has a profit distribution plan for 2020-2022, committing to distribute at least 30% of the annual distributable profits in cash if certain conditions are met[116]. Revenue and Growth - The company reported a significant increase in revenue, with total revenue reaching 1.5 billion RMB, representing a year-on-year growth of 15%[11]. - The company anticipates a revenue growth forecast of 12% for the upcoming fiscal year, driven by increased demand in the domestic market[11]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, reflecting a year-on-year growth of 10%[126]. - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year, driven by new product launches and market expansion strategies[128]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the year, representing a growth of 12% compared to the previous year[130]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the chemical sector, aiming for a 20% increase in market share over the next year[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next three years[127]. - The company aims to maintain a balanced growth strategy in both domestic and foreign markets, with a focus on expanding its market share outside of Hubei province[44]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[134]. Product Development and Innovation - The company has invested 200 million RMB in new product development and technology research, targeting a 10% improvement in production efficiency[11]. - New product development initiatives are underway, with an investment of 200 million CNY allocated for R&D in innovative chemical products[133]. - The company is focusing on improving the safety and performance of emulsified explosives through various R&D projects, including the development of new pumping technologies[71]. - The company has established a partnership with a leading research institution to accelerate innovation in chemical processes[128]. Financial Performance - The company's operating revenue for 2020 was ¥2,010,941,155.82, representing a 6.32% increase compared to ¥1,891,371,944.18 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥50,342,567.62, a slight increase of 0.73% from ¥49,975,533.86 in 2019[16]. - The net cash flow from operating activities decreased by 64.99% to ¥98,510,126.18 from ¥281,364,398.32 in 2019[16]. - The total assets at the end of 2020 were ¥6,698,110,596.45, reflecting a 51.85% increase from ¥4,411,074,545.49 at the end of 2019[16]. Risk Management - The company has identified potential risks in its future operations, including fluctuations in raw material prices and regulatory changes[4]. - The company acknowledges the risks associated with industry cycles and their potential impact on profitability due to reliance on downstream sectors[108]. - The company has faced risks related to external investments and mergers, including potential failures in integration and achieving expected synergies[110]. Sustainability and Corporate Responsibility - The company is committed to enhancing its sustainability practices, with plans to reduce carbon emissions by 30% over the next five years[11]. - The company has committed to sustainable practices, aiming for a 50% reduction in carbon emissions by 2025[131]. - The company actively participates in social welfare activities, receiving recognition as a charitable enterprise in Jingmen City and winning the "Special Contribution Award for Epidemic Prevention" in 2020[177]. Acquisitions and Investments - The company is exploring potential mergers and acquisitions to enhance its competitive edge, with a budget of 500 million RMB allocated for this purpose[11]. - The company acquired 60% equity in Linghe Chemical for ¥18.03 million in April 2020, expanding its business operations[65]. - In August 2020, the company invested a total of ¥377,862,610.28 in Shandong Tianbao, acquiring a 40.72% stake, which was later increased to 59.08%[66]. Operational Efficiency - The company has implemented new operational strategies aimed at reducing costs by 5% through efficiency improvements[136]. - The company has established an integrated development model covering the entire industry chain from raw materials like ammonia and ammonium nitrate to explosive products and blasting services, leading to steady performance improvement[40]. - The company is focusing on integrating its supply chain to improve operational efficiency and market competitiveness[106]. Shareholder Relations - The company emphasizes the importance of investor relations and aims to enhance its market presence through effective communication and transparency[107]. - The company maintains strong communication with shareholders, conducting over 100 investor consultations through various platforms during the reporting period[174]. Safety and Compliance - The company has maintained a strong safety record, with no major accidents since its establishment, and has received multiple safety awards[109]. - The company has received multiple honors for its social credit, including "Outstanding Credit Integrity Customer of Hubei Province" and "Top Ten Integrity Enterprises in Jingmen City" among others[140]. - The company has received multiple safety production licenses and has been recognized as a leading safety production unit in Hubei Province[58].