ST天顺(002800) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥1,131,446,262.50, a decrease of 5.71% compared to ¥1,199,992,466.69 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥29,299,149.73, an increase of 47.78% from ¥19,826,625.77 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥25,231,286.66, up 24.93% from ¥20,196,711.98 in 2019[18]. - The basic earnings per share for 2020 was ¥0.39, representing a 44.44% increase from ¥0.27 in 2019[19]. - The total assets at the end of 2020 were ¥942,570,109.64, a 5.26% increase from ¥895,473,349.20 at the end of 2019[19]. - The net cash flow from operating activities improved to -¥6,868,280.24 in 2020, an 80.15% improvement from -¥34,605,187.56 in 2019[18]. - The company achieved operating revenue of CNY 1,131.45 million in 2020, a decrease of 5.71% compared to the previous year[50]. - The net profit attributable to shareholders was CNY 29.30 million, an increase of 47.78% year-on-year[41]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.79 RMB per 10 shares (including tax) based on a total of 74,680,000 shares, with no bonus shares issued[5]. - The company has a clear cash dividend policy, distributing a total of RMB 4,107,400 in cash dividends for the 2019 fiscal year, amounting to RMB 0.55 per share[99]. - The company distributed cash dividends of RMB 0.16 per share in 2018, totaling RMB 1,194,880, with a net profit of RMB 5,809,467.17, resulting in a payout ratio of 20.57%[102]. - For 2020, the cash dividend was set at RMB 0.79 per share, totaling RMB 5,899,720, with a net profit of RMB 29,299,149.73, resulting in a payout ratio of 20.14%[102]. - The total distributable profit for 2020 was RMB 179,877,913.04, with cash dividends accounting for 100% of the profit distribution[103]. - The company has maintained a consistent dividend payout strategy over the past three years, with a focus on returning value to shareholders[101]. Business Operations and Strategy - The company maintains its main business operations without changes, focusing on expanding its operational scale and improving asset structure[17]. - The company is focused on expanding its logistics services, including multi-modal transport and supply chain management, to enhance operational efficiency[78]. - The company aims to enhance its market presence through strategic expansions in logistics and supply chain management[78]. - The company is actively involved in various logistics and supply chain services, including cold chain transportation and freight forwarding[77]. - The company has established a comprehensive service network that includes rail, road, and air logistics, facilitating its expansion in the "Belt and Road" regions[37]. - The company is strategically positioned to leverage its geographical advantages in Xinjiang, becoming a key logistics hub along the "Belt and Road" initiative[38]. Risk Management - The company emphasizes the importance of risk awareness in its future development outlook, as detailed in the report[5]. - The company has outlined its future development risks in the report, urging investors to pay attention to potential challenges[5]. - The company faces risks from macroeconomic fluctuations, market competition, and supply chain management, and will implement measures to mitigate these risks[93]. Corporate Governance - The actual controllers of the company remain Wang Pu Yu and Hu Xiao Ling, who continue to act in concert[17]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The independent directors have fulfilled their responsibilities in overseeing the dividend distribution process[100]. - The company has ensured that minority shareholders have had opportunities to express their opinions and that their rights are protected[100]. Subsidiaries and Investments - The company has a total of 100% ownership in several subsidiaries, enhancing its supply chain capabilities[10]. - The company established three new subsidiaries during the reporting period, contributing a total of 14.76 million yuan to overall performance[86]. - The company invested RMB 4.75 million to establish a controlling subsidiary, Xinjiang Qiantai Jiyu Aviation Service Co., Ltd., holding 95% of the shares, enhancing its international operations in the aviation sector[183]. Compliance and Commitments - The company reported a commitment from its actual controllers to avoid engaging in any business that competes with its existing operations[107]. - The company has established measures to prevent the transfer of shares held by its controllers until compliance with commitments is achieved[110]. - The company is committed to compensating any economic losses caused by breaches of commitment, with profits from such breaches reverting to the company[111]. - The company has made commitments to ensure accurate disclosures and will publicly apologize to shareholders and the public if commitments are not fulfilled[119]. Market Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting 1.65 billion RMB[129]. - The company plans to expand its market presence in Southeast Asia, aiming for a 30% market share within three years[131]. - The company aims to enhance customer satisfaction scores by 15% through improved service delivery and support systems[130]. Financial Health - The company’s financial condition is stable, with measures taken to ensure continued operations despite recent equity sales[83]. - The company has not reported any external guarantees or significant contracts during the reporting period[158]. - The company has not experienced any penalties or rectification during the reporting period[149].