NAR(SZ:002825)2020-04-13 16:00Financial Performance - The company's operating revenue for 2019 was CNY 1,017,191,015.08, representing a 29.00% increase compared to CNY 788,518,296.12 in 2018[17]. - The net profit attributable to shareholders decreased by 31.57% to CNY 42,420,474.89 from CNY 61,986,679.22 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 35,702,918.63, down 33.59% from CNY 53,759,967.59 in 2018[17]. - The basic earnings per share fell by 31.82% to CNY 0.300 from CNY 0.440 in 2018[17]. - The total assets at the end of 2019 were CNY 1,082,228,876.93, an increase of 28.59% from CNY 841,630,525.61 at the end of 2018[17]. - The net assets attributable to shareholders increased by 15.35% to CNY 716,962,326.44 from CNY 621,538,087.23 in 2018[17]. - The net cash flow from operating activities was CNY 80,621,380.65, a decrease of 3.21% compared to CNY 83,295,311.18 in 2018[17]. - The weighted average return on equity was 6.55%, down from 10.43% in 2018[17]. - The company reported a quarterly revenue of CNY 346,809,556.22 in Q4 2019, showing a consistent growth trend throughout the year[21]. - The company reported a total revenue of 6,717,556.26 in the current period, compared to 8,226,711.63 in the previous period, indicating a decrease of approximately 18.4%[24]. - In 2019, the company achieved a revenue of CNY 1.017 billion, a year-on-year increase of 29.00%[39]. - The net profit for 2019 was CNY 42.42 million, representing a decline of 31.57% compared to the previous year[39]. Research and Development - The company focuses on the research, production, and sales of digital printing materials, with key products including vehicle wraps, single-layer membranes, and digital ink, primarily serving the outdoor advertising and decorative sectors[27]. - The company has established a strong R&D capability, having developed multiple core technologies such as vehicle wrap exhaust technology and high-efficiency punching mold technology, enhancing product quality and market application value[30]. - During the reporting period, the company added 4 new patents and its three-layer three-dimensional single-layer membrane product was recognized as a top 100 high-tech achievement transformation project in Shanghai[31]. - R&D efforts resulted in 4 new patents, with 31 patent applications currently under review, including 25 invention patents[40]. - The company is focused on R&D and aims to quickly meet the explosive demand in the automotive protective film market by expanding production capacity[83]. - The company is increasing R&D investment to adapt to changes in social and economic development, with a focus on innovative and environmentally friendly products[84]. Market Expansion and Strategy - The company has successfully expanded its market reach, covering over 20 provinces and municipalities in China and establishing a presence in dozens of countries globally[32]. - The company aims to enhance its market position in the outdoor advertising materials sector through refined operations and to expand its product lines in digital printing inks, particularly in textiles and apparel[82]. - The outdoor advertising industry is expected to rebound due to the recovery of the macro economy and increased consumer willingness, with a 150% rise in search volume for keywords related to urban lighting projects[82]. - The company has identified the automotive protective film market as a growing segment, driven by consumer upgrades and the increasing popularity of luxury vehicles[83]. - The company is adjusting its market strategy to focus on domestic sales and brand enhancement, aiming to capture a larger market share[88]. Operational Efficiency - The company has implemented an ERP management system to enhance precision in management across procurement, production coordination, and inventory management, significantly improving operational efficiency[34]. - The company’s digital management system was upgraded, improving logistics and warehouse efficiency[41]. - The company is implementing new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[112]. - Digital transformation is a priority for the company in 2020, focusing on lean management and improving supply chain efficiency through barcode systems and ERP integration[88]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 2 per 10 shares, based on a total of 146,740,064 shares[5]. - The company maintains a profit distribution policy that prioritizes cash dividends, ensuring at least 20% of distributable profits are paid out annually[94]. - The proposed cash dividend for 2019 is 2 CNY per 10 shares, based on a total share capital of 146,740,064 shares after deducting unexercised restricted stocks[102]. - In 2019, the company distributed cash dividends of 29,348,012.80 CNY, which accounted for 69.18% of the net profit attributable to ordinary shareholders[101]. - The total distributable profit for the year is 317,520,123.44 CNY, with the cash dividend amounting to 29,348,012.80 CNY, representing 100% of the profit distribution total[102]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[161]. - The company has maintained compliance with all commitments made to shareholders and stakeholders during the reporting period[115]. - The company has not reported any significant changes in its operational strategies or market expansion plans during the reporting period[116]. - The company has not engaged in any significant non-equity investments during the reporting period[71]. Financial Management - The company has a cash balance of CNY 140,763,563.08 as of the end of the reporting period[120]. - The company reported accounts receivable of CNY 72,086,498.90[120]. - The company has a short-term loan of CNY 18,009,867.95, reflecting an increase of CNY 9,867.95[120]. - The company has engaged in high-risk entrusted financial management, with various structured deposit products yielding annualized returns between 3.85% and 4.05%[154]. - The total amount raised through structured deposits in 2019 was 97,400 million, with a total interest income of 282.39 million[158]. Employee and Social Responsibility - The company has established a staff assistance fund to support employees in need, reflecting its commitment to employee welfare[162]. - The company has implemented a comprehensive employee training program to enhance overall workforce quality and promote mutual growth[162]. - The company has actively engaged in social responsibility initiatives, including targeted poverty alleviation efforts, although specific metrics were not provided[164].