JZ GROUP(SZ:300040)2021-04-26 16:00Dividend and Capital Management - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares to all shareholders, based on a total of 380,399,099 shares[5]. - The company will increase its capital reserve by converting 4 shares for every 10 shares held by shareholders[5]. - The cash dividend policy stipulates that the company will distribute at least 30% of the average distributable profit over the last three years, with a minimum of 80% for mature companies without major capital expenditures[179]. - For the fiscal year 2020, the company distributed a cash dividend of 0.5 yuan per 10 shares, totaling 19,019,954.95 yuan, which represents 27.13% of the net profit attributable to ordinary shareholders[186]. - The total distributable profit for the year was 70,453,019.71 yuan, with the cash dividend amounting to 100% of the total profit distribution[183]. - The company has not conducted any ordinary share dividend distribution in the past three years, with the current plan involving a capital reserve increase of 4 shares for every 10 shares held[184]. - The company’s cash dividend distribution plan aligns with its articles of association and relevant regulations, ensuring transparency and compliance[183]. Financial Performance - The company’s operating revenue for 2020 was ¥1,279,867,537.35, representing a 61.71% increase compared to ¥791,481,332.82 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥70,117,002.52, a 39.32% increase from ¥50,328,181.37 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥50,950,477.97, up 65.18% from ¥30,845,689.10 in 2019[18]. - The total assets at the end of 2020 reached ¥7,217,505,486.61, a 45.67% increase from ¥4,954,797,329.90 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥0.20, an increase of 33.33% from ¥0.15 in 2019[18]. - The company reported a negative net cash flow from operating activities of ¥76,385,767.56, a decrease of 236.00% compared to ¥56,166,686.46 in 2019[18]. - The asset-liability ratio stood at 66.83% as of December 31, 2020[54]. Operational Performance and Future Outlook - The report includes a comprehensive analysis of the company's operational performance and future outlook[13]. - The company is exploring market expansion opportunities and potential mergers and acquisitions[10]. - The company aims to achieve "carbon neutrality" at the district and county levels, promoting a sustainable energy supply system[28]. - The company is committed to developing new products and technologies in the power electronics field[10]. - The company is focusing on expanding its business nationwide, leveraging the biomass resources and market advantages in Heilongjiang[38]. - The company aims to enhance its renewable energy power station holdings through preferential purchase rights from its shareholders, expanding its renewable energy generation business[128]. - The company is set to capitalize on the growth opportunities in the smart distribution network sector, supported by national grid development plans and the push for renewable energy integration[129]. Research and Development - Research and development expenses for the year amounted to 44,249,286.89 CNY, a 2.69% increase compared to the previous year[78]. - The total R&D investment for the year was 44,249,300 CNY, representing 3.46% of the operating income[79]. - The company completed 12 R&D projects in the fields of smart grid and energy conservation during the reporting period[80]. - The company has developed a total of 21 software copyrights related to power systems and control systems, enhancing its technological capabilities[88]. - The company is actively pursuing technological advancements in power factor correction and active power filtering, which are essential for optimizing energy consumption[85]. Renewable Energy Initiatives - The company has constructed and invested in renewable power stations exceeding 1000MW, including wind, solar, and biomass power plants[28]. - The total installed capacity of renewable energy projects exceeded 1,000 MW by the end of 2020[53]. - The operational renewable energy projects have a total capacity of 458.3 MW, generating approximately 360.7 million kWh of electricity in 2020[34]. - The company is focusing on the development of a comprehensive energy system integrating biomass power generation and heating[57]. - The company is committed to contributing to China's goal of reaching peak carbon emissions by 2030 and achieving carbon neutrality by 2060 through the development of renewable energy[138]. Strategic Partnerships and Collaborations - The company has established partnerships with international manufacturers like Rockwell Automation and Siemens, enhancing its technological and market competitiveness[32]. - The company has established a strategic cooperation with Harbin Institute of Technology to develop lead-carbon energy storage batteries, enhancing its technological capabilities[43]. Market and Competitive Landscape - The competitive landscape in the renewable energy sector is intensifying, requiring companies to lower project development and operational costs to sustain profitability[142]. - The company is actively pursuing strategic investments and acquisitions, with a focus on integrating acquired companies to enhance overall performance and mitigate risks associated with goodwill impairment[171]. - The company is addressing potential delays in renewable energy project grid connections by aligning with national policies that support renewable energy integration into the grid[173]. Financial Management and Investor Relations - The company is committed to improving investor relations by enhancing communication channels to provide timely updates on business progress and development plans[167]. - The company has not reported any significant changes in the measurement attributes of its main assets during the reporting period[101]. - The company has not encountered any significant changes in project feasibility or major changes in the situation of committed investment projects[117].