NAR(SZ:002825)2020-04-15 16:00Financial Performance - The company's operating revenue for 2019 was ¥1,017,191,015.08, representing a 29.00% increase compared to ¥788,518,296.12 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥42,420,474.89, a decrease of 31.57% from ¥61,986,679.22 in 2018[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,702,918.63, down 33.59% from ¥53,759,967.59 in 2018[18]. - The basic earnings per share for 2019 was ¥0.300, a decline of 31.82% compared to ¥0.440 in 2018[18]. - The total assets at the end of 2019 were ¥1,082,228,876.93, an increase of 28.59% from ¥841,630,525.61 at the end of 2018[18]. - The net assets attributable to shareholders at the end of 2019 were ¥716,962,326.44, up 15.35% from ¥621,538,087.23 at the end of 2018[18]. - The net cash flow from operating activities for 2019 was ¥80,621,380.65, a decrease of 3.21% from ¥83,295,311.18 in 2018[18]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[112]. Dividend Distribution - The company plans to distribute a cash dividend of ¥2 per 10 shares based on a total of 146,740,064 shares[5]. - The cash dividend represents 69.18% of the net profit attributable to ordinary shareholders for 2019, which was 42,420,474.89 yuan[101]. - The total distributable profit for the reporting period is 317,520,123.44 yuan, with the cash dividend accounting for 100% of the profit distribution[102]. - In 2018, the company distributed a cash dividend of 1 yuan per 10 shares, totaling 14,013,009.50 yuan, which was 22.61% of the net profit[101]. - The company has established a clear and stable profit distribution policy that prioritizes cash dividends when conditions allow[99]. Research and Development - The company has established a strong R&D capability, holding multiple core technologies such as vehicle wrap exhaust technology and high-efficiency punching mold technology, enhancing product quality and market application value[31]. - 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[32]. - The company is committed to increasing R&D investment to adapt to future market demands and enhance product quality, particularly in the automotive protective film sector[85]. - Research and development efforts focused on two new product lines, with an investment of 100 million RMB allocated for innovation in technology[112]. Market Expansion and Strategy - The main business involves the research, production, and sales of digital printing materials, with products including vehicle wraps, single-layer membranes, and digital ink, primarily serving outdoor advertising and decorative fields[28]. - The company has expanded its market reach, covering over 20 provinces and municipalities in China and establishing a presence in dozens of countries globally[33]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[112]. - The company is focusing on cost control to maintain cash flow during economic downturns, emphasizing the elimination of unnecessary expenses[85]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to ensure fair, just, and open treatment of all shareholders, enhancing transparency and credibility[161]. - The company has implemented a "people-oriented" corporate culture, providing extensive training and development opportunities for employees to promote mutual growth[162]. - The company has confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[116]. - The company is committed to not providing financial assistance for stock options or restricted stock to incentive objects, ensuring compliance with regulations[115]. Shareholder Information - The largest shareholder, You Aiguo, holds 31.84% of the shares, with a total of 46,757,560 shares, while the second-largest shareholder, Wang Shuming, holds 16.70% with 24,533,880 shares[181]. - The company’s total number of shareholders at the end of the reporting period was 13,069[180]. - The total shares held by the chairman, You Aiguo, remained unchanged at 46,757,560 shares[192]. - The total shares held by the current general manager, Yang Jiantang, remained unchanged at 17,991,710 shares[192]. Investment and Financial Management - The company has made significant investments in digital management systems to enhance operational efficiency[42]. - The company engaged in wealth management, with a total of ¥1,024 million in entrusted financial management, including ¥289 million from raised funds and ¥735 million from self-owned funds[152]. - The total amount of structured deposits raised by the company in 2019 reached 97,400 million, with a total interest income of 282.39 million[158]. - The company has not made any significant changes to its financial forecasts for assets or projects during the reporting period[116]. Challenges and Future Outlook - The company is navigating challenges posed by the COVID-19 pandemic and the US-China trade war, focusing on long-term survival and competitiveness[89]. - The company provided a positive outlook for 2020, projecting a revenue growth of 20% driven by new product launches and market expansion strategies[112]. - Future guidance includes an expected EBITDA margin of 25% for 2020, up from 22% in 2019, indicating strong operational performance[112].