JOINTAS(SZ:002909)2020-03-30 16:00Financial Performance - The company achieved a total revenue of 1.016 billion yuan in 2019, representing an increase of 8.95% compared to the previous year[47]. - The net profit attributable to shareholders reached 85.42 million yuan, a significant increase of 355.74% year-on-year[47]. - The company's operating revenue for 2019 was CNY 1,016,051,923.60, representing an increase of 8.95% compared to CNY 932,619,991.10 in 2018[19]. - The net profit attributable to shareholders for 2019 was CNY 85,415,589.25, a significant increase of 355.74% from CNY 18,742,029.22 in 2018[19]. - The company's total assets at the end of 2019 were CNY 998,981,936.23, reflecting a growth of 13.83% from CNY 877,576,296.85 at the end of 2018[20]. - The net assets attributable to shareholders increased to CNY 519,876,570.47, a rise of 12.73% from CNY 461,152,996.86 in 2018[20]. - The basic earnings per share for 2019 was CNY 0.51, which is a 363.64% increase compared to CNY 0.11 in 2018[19]. - The company reported a significant increase in foreign sales, which rose by 245.39% to ¥2,382,018.41[66]. - Total revenue for 2019 reached ¥1,016,051,923.60, representing an 8.95% increase compared to ¥932,619,991.10 in 2018[65]. - The company reported a significant increase in revenue for 2019, reaching 2,063.4 million yuan, representing a growth of 29.34% compared to the previous year[156]. Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[4]. - The proposed cash dividend for 2019 is RMB 3.00 per 10 shares, with a capital reserve increase of 4 shares for every 10 shares held, based on a total share capital of 168,000,000 shares[116]. - The cash dividend payout ratio for 2019 is 58.40% of the net profit attributable to ordinary shareholders[118]. - The total cash dividend amount (including other methods) is 67,882,664.10 RMB, which accounts for 100% of the distributable profit[119]. - The cash dividends for the past three years show an increasing trend, with 2019 dividends significantly higher than in previous years[118]. - The company has a long-term commitment to ensure that its stock price remains stable following its IPO[129]. Business Operations - The company has successfully resumed operations, with all 324 listed companies in Guangdong province back to work as of March 25[11]. - The company has maintained stable operations during the pandemic, with no layoffs or salary reductions reported[12]. - The company emphasizes the importance of preparedness and has taken measures to ensure sufficient raw material inventory and safety stock[11]. - The company is exploring new business opportunities and has noted the shift towards online platforms in response to the pandemic[12]. - The company acknowledges the ongoing economic impact of the pandemic and is focused on long-term strategic planning[13]. - The company is committed to maintaining a proactive approach to risk management and business continuity[12]. - The company has established a comprehensive R&D, manufacturing, sales, and service system in the adhesive and coating industry, enhancing its brand recognition and customer base[29]. - The company has established over 40 sales service outlets and specialized distribution channels, continuously expanding its marketing network[42]. - The company is actively expanding into new sectors such as LED power supplies, steel structures, and new energy vehicles, aiming to cultivate new growth points for future business[55]. Product Development and Innovation - The company maintains a focus on "green and environmentally friendly" business practices, emphasizing technological advancement and process innovation[29]. - The company has developed high-end new products for the container dry box sealing market and has successfully entered the specialty box market[56]. - The company is focusing on developing water-based coatings for the petrochemical and steel structure sectors, with over 200 clients in these industries[102]. - The company has implemented production management standards focused on environmental friendliness, aiming for low-carbon energy consumption and waste resource utilization[176]. - The company has established a comprehensive environmental management system to monitor and manage pollution sources effectively[186]. Acquisitions and Investments - The company completed the acquisition of 75% of Zhaoshun Technology in October 2019, establishing a new sales department for electronic adhesives[103]. - The company acquired 75% of Zhaoshun Technology (Guangdong) Co., Ltd. for ¥46.73 million, which is reflected in the long-term equity investment on the balance sheet[36]. - The company is involved in the acquisition of 75% equity in Zhaoshun Technology, with an investment of ¥46,725,000.00, aimed at enhancing its product offerings in organic silicon materials[88]. - The company has pledged assets including buildings valued at ¥107,088,714.23 and land use rights worth ¥18,959,897.00[84]. Environmental Responsibility - The company is committed to environmental responsibility, focusing on low-carbon and energy-saving product designs[43]. - The company has received multiple pollution discharge permits, ensuring compliance with local environmental regulations[181]. - The company has implemented strict environmental protection measures, ensuring all pollutants are treated in compliance with regulations, with a focus on wastewater and air emissions management[186]. - The company has made significant investments in environmental protection and has been actively managing hazardous waste according to regulations[189]. - The company has established emergency response plans for environmental incidents, with training and drills conducted annually[189]. Research and Development - Research and development expenses amounted to ¥37,763,495.44, an increase of 8.71% compared to the previous year[74]. - The number of R&D personnel increased by 61.29% to 100, with R&D personnel accounting for 12.27% of the total workforce[75]. - The company has obtained a total of 78 authorized patents and has participated in drafting and revising multiple national standards for sealants[107]. Market Position and Strategy - The company has positioned itself in the mid-to-high-end market, gaining entry into the supplier lists of major real estate brands such as Vanke and Evergrande[41]. - The company is committed to enhancing shareholder value through strategic investments and operational efficiencies[157]. - The company is actively monitoring market conditions to adjust its strategies accordingly, aiming for sustainable growth[157]. - The company has established strategic partnerships with major container manufacturers, enhancing its market presence in the container sector[56]. Employee Engagement and Welfare - The company emphasizes team collaboration and employee development, providing online training resources to enhance staff capabilities[40]. - The company has implemented an employee stock ownership plan to stabilize its core technical team[107]. - The first phase of the employee stock ownership plan was implemented with a total fund of up to 11.25 million RMB, and the repurchase price was set at 10.70 RMB per share[150]. Compliance and Governance - The company has established a complete set of technical confidentiality systems to mitigate technology risks, including signing confidentiality agreements with all technical personnel[107]. - The company has not experienced any major safety incidents during the reporting period and continues to enhance the automation and intelligence of its production bases[196]. - The company reported no significant litigation or arbitration matters during the reporting period[147]. - The company’s financial report did not include any non-standard audit reports during the reporting period[142].