CAPOL(SZ:002949)2020-04-16 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 196,030,000 shares[5]. - The company proposed a cash dividend of RMB 2.0 per 10 shares for the 2019 fiscal year, totaling RMB 39.206 million (including tax) distributed to shareholders[129]. - In 2018, the cash dividend was RMB 2.5 per 10 shares, amounting to RMB 49.008 million (including tax), representing 38.86% of the net profit attributable to shareholders[128]. - The cash dividend for 2017 was RMB 2.0 per 10 shares, totaling RMB 29.400 million (including tax), which accounted for 29.07% of the net profit attributable to shareholders[128]. - The company's net profit attributable to shareholders for 2019 was RMB 136.179 million, with a cash dividend payout ratio of 28.79%[129]. - The total distributable profit for the company was RMB 256.211 million, with the cash dividend representing 100% of the profit distribution[129]. - The company has maintained a consistent cash dividend policy over the past three years, ensuring clarity and compliance with regulations[128]. - The cash dividend distribution plan for 2019 is subject to approval at the shareholders' meeting[128]. - The cash dividends are aimed at providing reasonable returns to investors while considering the company's sustainable development[129]. - The company has a significant capital expenditure plan, which is taken into account when determining the cash dividend distribution[129]. Financial Performance - The company's operating revenue for 2019 was ¥1,194,648,908.17, representing a 30.41% increase compared to ¥916,099,604.88 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥136,178,647.31, which is a 7.98% increase from ¥126,112,510.87 in 2018[18]. - The net cash flow from operating activities decreased by 58.21% to ¥76,054,239.43 in 2019 from ¥181,992,896.57 in 2018[18]. - The total assets at the end of 2019 were ¥1,879,356,871.43, a 57.69% increase from ¥1,191,840,031.69 at the end of 2018[18]. - The net assets attributable to shareholders increased by 95.99% to ¥1,149,796,267.25 at the end of 2019 from ¥586,645,750.99 at the end of 2018[18]. - The basic earnings per share for 2019 was ¥0.72, down 16.28% from ¥0.86 in 2018[18]. - The company achieved a net profit of 148,425,200 CNY for the year, with significant non-cash factors affecting cash flow[75]. - The company reported a significant increase in government subsidies, amounting to ¥13,101,850.47 in 2019 compared to ¥7,422,807.77 in 2018[23]. Business Expansion and Development - The company expanded its business scope from architectural design to prefabricated building design and technology consulting, BIM design, and overall project consulting[26]. - The company has established a market presence in key cities across China, including Shenzhen, Changsha, Guangzhou, Shanghai, Nanning, Haikou, and Ganzhou[26]. - The company has completed nearly 100 prefabricated building projects across 15 cities, with a total construction area exceeding 10 million square meters[29]. - The company has signed or won bids for several major projects, including the Shenzhen UAV development and industrialization project and the urban renewal project in Futian District[32]. - The company established a new subsidiary, Huayang International Urban Technology Company, to enhance research and development in urban construction technology[47]. - The company aims to enhance its full industry chain layout by expanding into general contracting and comprehensive engineering consulting services[41]. - The company is actively developing new technologies in prefabricated buildings, BIM, and green architecture, enhancing its design and management platforms[68]. - The company plans to deepen its presence in South China while expanding into Central and East China to enhance market share and ensure stable growth[110]. - The company aims to strengthen its engineering general contracting and full-process consulting services, responding to national policies promoting these business models[111]. Risks and Challenges - The company faces significant risks including long-term regulatory risks in the real estate industry, intensified market competition, and potential management risks associated with business development[5]. - The company emphasizes the importance of reading the section on future development outlook and potential risks before making investment decisions[5]. - The company faces risks from potential changes in real estate policies that could impact project development and cash flow[115]. - The company is at risk of intensified market competition due to rapid technological advancements in the construction industry, particularly in prefabricated buildings and BIM technology[116]. - The company is pursuing new business opportunities in engineering contracting and consulting, which may face uncertainties in execution and market conditions[119]. Research and Development - The company has accumulated 53 patents and 54 software copyrights, demonstrating its commitment to research and development in prefabricated buildings and BIM technology[37]. - The company has developed and launched the iBIM platform V1.0 and Huayang Rapid Construction 2019 version, covering all professional BIM design[38]. - The company plans to increase R&D investment in prefabricated buildings and BIM technologies to meet the demand for long-term rental apartments and green buildings[112]. - The company aims to enhance design quality and operational efficiency by focusing on "process reengineering and quality improvement" and increasing investment in information resources[113]. Shareholder and Governance - The company committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with an automatic extension of 6 months if the closing price falls below the issue price during the lock-up period[133]. - Shareholders are required to report any changes in their direct and indirect holdings within 12 months of the company's listing, with a minimum selling price not lower than the issue price during the two years following the lock-up period[133]. - The company will strictly adhere to the commitments regarding the circulation restrictions and voluntary lock-up of shares held prior to the public offering, with any proceeds from unauthorized sales to be surrendered to the company[133]. - The company has established a long-term commitment to avoid related party transactions that do not adhere to principles of fairness and transparency[143]. - The company will take measures to ensure that any losses from related party transactions will be deducted from the cash dividends payable to the responsible parties[143]. Employment and Community Engagement - The company created over 1,200 new jobs during the reporting period, including more than 700 positions for recent graduates[180]. - The company has established internship bases at several universities, integrating industry practice with academic research[180]. - The company has undertaken design tasks for multiple educational institutions, including Sun Yat-sen University and Tsinghua University, contributing to over 10,000 hospital beds in modern healthcare facilities[181].