CAPOL(SZ:002949)2021-04-20 16:00Financial Performance - The company's operating revenue for 2020 was CNY 1,894,093,767.54, representing a 58.55% increase compared to CNY 1,194,648,908.17 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 173,271,336.95, a 27.24% increase from CNY 136,178,647.31 in 2019[21]. - The net cash flow from operating activities reached CNY 259,646,793.08, showing a significant increase of 241.40% compared to CNY 76,054,239.43 in 2019[21]. - The total assets at the end of 2020 were CNY 2,753,464,761.56, which is a 46.51% increase from CNY 1,879,356,871.43 at the end of 2019[21]. - The basic earnings per share for 2020 was CNY 0.8839, up 21.93% from CNY 0.7249 in 2019[21]. - The company achieved a net profit attributable to shareholders of 173.27 million yuan for the year 2020[129]. - The proposed cash dividend distribution is 4.00 yuan per 10 shares, amounting to an estimated total cash dividend of 78.41 million yuan based on 196,030,000 shares as of December 31, 2020[129]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 12%[134]. - The net profit attributable to shareholders was 200 million RMB, an increase of 15% compared to the previous year[136]. Dividend Policy - The company reported a cash dividend of 4 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[5]. - The company has a profit distribution plan approved by the board of directors, ensuring returns to shareholders[5]. - The cash dividend for 2020 represents 45.25% of the net profit attributable to ordinary shareholders, compared to 28.79% in 2019[127]. - The company maintained a consistent cash dividend policy, ensuring the protection of minority shareholders' rights[122]. - The total cash dividends distributed over the past three years were RMB 78.41 million in 2020, RMB 39.21 million in 2019, and RMB 49.01 million in 2018[127]. Business Operations and Strategy - The company has a comprehensive service system for construction projects, including planning, design, and management throughout the project lifecycle[12]. - The company is focused on developing new technologies such as Building Information Modeling (BIM) to enhance design efficiency and quality[14]. - The company has expanded its business scope from architectural design to prefabricated building design, BIM design, engineering cost consulting, and project management, covering various types of buildings including residential, public, and commercial complexes[31]. - The company is actively expanding its market presence and exploring new business areas to mitigate risks associated with regional business expansion[5]. - The company is focused on integrating design and engineering management to maximize design value across the construction industry chain[46]. - The company is expanding its business model to include cost consulting, general contracting, and full-process engineering consulting, aiming to create an industry ecosystem by integrating quality resources across the industry[108]. Innovation and Technology - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has accumulated 65 patents and 73 software copyrights, showcasing its commitment to innovation and technology[40]. - The company’s BIM technology has been recognized globally, significantly improving project collaboration and reducing costs[34]. - The company’s investment in R&D for BIM technology continues to grow, with over 110 employees dedicated to this area[40]. - The company has allocated 100 million RMB for research and development in new technologies for the upcoming fiscal year[134]. Market and Competition - The company emphasizes potential risks including macroeconomic environment changes, industry innovation risks, and market competition risks[5]. - The company faces risks from macroeconomic and industry policy changes, which could impact its long-term operational strategies and project development timelines[110]. - The company is at risk of intensified market competition due to rapid technological innovation in the construction industry, which could alter the competitive landscape[111]. - The company has begun to explore new business areas, leveraging its advantages in prefabricated construction and BIM technology, but faces uncertainties in market expansion and client acquisition[115]. Workforce and Employment - The workforce has grown to 4,941 employees, a 25.53% increase year-over-year, with 75.81% holding a bachelor's degree or higher[41]. - The number of R&D personnel increased by 37.32% to 563, with R&D personnel accounting for 11.39% of the total workforce[71]. - The company created over 940 new jobs during the reporting period, with more than 710 positions for recent graduates, contributing to employment amidst the pandemic[184]. Financial Management and Investments - The company has implemented a comprehensive internal control system to ensure operational efficiency and protect shareholder interests[53]. - The company reported a significant increase in other business revenue, which rose by 135.91% to ¥4,045,807.25[58]. - The company’s investment activities resulted in a net cash outflow of CNY 707,494,110.80, attributed to increased land and construction investments[73]. - The company has a total of 76,802 million CNY in entrusted financial management, with a remaining balance of 74,852 million CNY[181]. Corporate Governance and Compliance - The company has committed to avoid any direct or indirect investment in businesses that compete with its own operations[145]. - The company will disclose any failure to fulfill commitments and take measures to protect investor rights, including compensation for losses[143]. - The company has established a plan for potential stock reductions after the lock-up period, based on economic needs and market conditions[145]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[149]. Strategic Partnerships and Projects - The company has established strategic partnerships with major developers like Vanke and China Resources, enhancing its market presence[38]. - The company has invested in over 30 educational building design projects, providing more than 40,000 student seats, and has taken on significant projects in Shenzhen to alleviate educational resource shortages[185]. - The company has designed and constructed nearly 30 medical and healthcare buildings since 2003, providing over 10,000 hospital beds, and has undertaken multiple healthcare projects in the reporting period[185]. - The company won bids for key urban renewal projects, including the Zhongguancun Square and Shenzhen Huanggang Port, reinforcing its influence in architectural design[186].