道恩股份(002838) - 2020 Q4 - 年度财报

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, with no stock bonus[4]. - The company proposed a cash dividend of RMB 2 per 10 shares for the 2020 fiscal year, totaling RMB 81,595,005.20, which represents 21.25% of the net profit attributable to shareholders[143][150]. - The net profit for the year 2020 was RMB 827,989,232.30, with a distributable profit of RMB 1,082,642,968.09 after accounting for dividends and reserves[151]. - The cash dividend payout ratio for 2019 was 30.12%, with a total cash dividend of RMB 50,064,382.50[145][148]. - The company has a history of increasing cash dividends, with the 2018 dividend being RMB 1 per 10 shares, totaling RMB 25,200,000[144][148]. - The cash dividend for the first half of 2020 was RMB 2.46 per 10 shares, amounting to RMB 100,128,765[145]. Financial Performance - The company's operating revenue for 2020 was CNY 4,422,330,226.81, representing a 61.67% increase compared to CNY 2,735,440,802.16 in 2019[19]. - The net profit attributable to shareholders in 2020 reached CNY 855,074,720.33, a significant increase of 414.51% from CNY 166,190,478.66 in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 773,454,706.46, up 405.78% from CNY 152,923,424.25 in the previous year[19]. - The company's cash flow from operating activities was CNY 860,073,749.24, marking a 357.86% increase from CNY 187,848,447.25 in 2019[19]. - The basic earnings per share for 2020 was CNY 2.11, a 414.63% increase compared to CNY 0.41 in 2019[19]. - The total assets at the end of 2020 were CNY 2,971,359,029.06, reflecting a 55.08% increase from CNY 1,916,031,627.53 at the end of 2019[19]. - The net assets attributable to shareholders increased by 77.30% to CNY 1,923,490,750.16 from CNY 1,084,853,908.87 in 2019[19]. Business Operations and Strategy - The company reported significant changes in its main business scope, focusing on the development, production, and operation of elastomers and modified plastic products[16]. - The company has maintained its major business operations without changes in controlling shareholders[16]. - The company operates in the high-tech polymer composite materials sector, focusing on thermoplastic elastomers and modified plastics, with applications in automotive, home appliances, and medical industries[29]. - The company is committed to R&D and innovation in high-performance materials to meet the growing demand for imported product substitutes[36]. - The company is the largest producer of thermoplastic elastomers (TPV) in China, leveraging price and service advantages to gradually replace international competitors' products[40]. - The company has established a comprehensive R&D platform with multiple national-level research centers, enhancing its competitive edge in product innovation[40]. - The company has formed strategic partnerships with leading global automotive sealing system companies, expanding its market reach internationally[48]. Research and Development - The company invested 18,169.11 million yuan in R&D, maintaining a high level of investment to enhance its technological innovation capabilities[60]. - The company has obtained 12 invention patents and 15 utility model patents for thermoplastic elastomers, showcasing its strong R&D capabilities[65]. - The company has 18 new patents for modified plastics, indicating ongoing innovation and development in this product line[65]. - The company is actively pursuing the development of biodegradable materials, with significant advancements in various applications including 3D printing and food packaging[88]. - The company has achieved EU TUV certification for two series of biodegradable materials, indicating a strong market potential[88]. Market and Sales Performance - The company reported a significant increase in quarterly revenue, with the second quarter reaching CNY 1,655,947,227.42, the highest among the four quarters[23]. - The revenue from modified plastics amounted to CNY 3,577,635,271.37, accounting for 80.90% of total revenue, with an 80.18% year-on-year growth[72]. - The sales volume of modified plastics increased by 56.35% to 283,311.57 tons in 2020, compared to 181,207.41 tons in 2019[75]. - The company has seen a recovery in production and sales in the home appliance and automotive sectors, reflecting a "V" shaped recovery trend post-COVID-19[52]. - The company's overseas revenue accounted for 5.47% of total revenue, with a year-on-year increase of 30.34%[72]. Risk Management and Compliance - The company has established a comprehensive governance structure to ensure compliance and operational integrity[10]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements[4]. - The company has no major risks affecting its normal operations, as stated in the future development outlook[4]. - The company has faced risks related to the loss of core technology and key personnel, which could adversely affect its operations[139]. - The company is exposed to raw material price volatility, particularly in synthetic resins, which are influenced by oil price changes[136]. Corporate Governance and Transparency - The financial report confirms the accuracy and completeness of the financial data presented by the company's management[3]. - The company is committed to transparency in its financial disclosures, utilizing multiple media for reporting[15]. - The company has engaged Zhongshun Zhonghuan Accounting Firm for auditing services during the reporting period[17]. - The company has established a performance compensation arrangement to ensure accountability for the financial commitments made during the acquisition process[153]. - The company emphasizes the importance of maintaining investor rights and will take necessary actions to uphold these rights[156]. Social Responsibility and Safety - The company received recognition as a "National Key Guarantee Enterprise for Epidemic Prevention" and was awarded the title of "Advanced Collective in Fighting COVID-19 in Shandong Province" for its contributions during the pandemic[199]. - The company has established a safety production committee led by the general manager, with over 1,000 identified operational and equipment risk points to enhance safety management[199]. - The company actively engages in corporate social responsibility, focusing on employee development, safety, and health protection[197]. - The company emphasizes quality management and product safety to enhance customer satisfaction and protect consumer interests[197].