OXGF(SZ:300082)2021-04-19 16:00Financial Performance - The company's operating revenue for 2020 was CNY 5,708,496,210, a decrease of 10.65% compared to CNY 6,388,944,840 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 402,726,080, representing an increase of 14.39% from CNY 352,064,635 in 2019[18]. - The net cash flow from operating activities decreased by 51.52% to CNY 622,849,757 from CNY 1,284,710,690 in 2019[18]. - The basic earnings per share for 2020 was CNY 0.59, up 13.46% from CNY 0.52 in 2019[18]. - The total assets at the end of 2020 were CNY 5,433,135,130, an increase of 6.77% from CNY 5,088,844,610 at the end of 2019[18]. - The company reported a significant cash flow deficit in the first quarter of 2020, with a net cash flow from operating activities of -CNY 137,930,916[20]. - In 2020, the company achieved a net profit of 402.73 million yuan, representing a year-on-year growth of 14.39%[56]. - The cash dividend payout ratio for 2020 was 60.29%, compared to 68.98% in 2019 and 69.22% in 2018, indicating a decrease in the proportion of profits distributed as dividends[145]. - The company reported a net profit attributable to shareholders of 402,726,079.80 CNY for the year 2020, with a profit distribution plan of 3.57 CNY per 10 shares, totaling 242,795,057.40 CNY in cash dividends[145]. Market Expansion and Product Development - The company has a comprehensive plan for market expansion and new product development[6]. - The company operates in four major business segments: construction chemicals, new energy materials, medical health, and daily chemicals[28]. - The company plans to invest in a 200,000-ton epoxy ethane facility in Hainan, which will include 150,000 tons/year of polyether monomer for water-reducing agents, further enhancing its market leadership[39]. - The company is actively pursuing mergers and acquisitions, such as the acquisition of Aoke Pharmaceutical, to expand into the pharmaceutical health sector[56]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 300 million yuan allocated for this purpose[170]. - The company plans to enhance its production capacity utilization and improve the intelligence level of its facilities to strengthen its core business and support the implementation of its "14th Five-Year Plan"[127]. - The company aims to develop a green low-carbon circular industrial chain, focusing on both raw material and product chains, leveraging carbon neutrality policies and industry development opportunities[128]. Research and Development - The company is recognized as a national high-tech enterprise with multiple innovation platforms, enhancing its R&D capabilities[51]. - The company has established six major technology centers across various provinces, enhancing its R&D capabilities and forming strategic partnerships with renowned research institutions[52]. - Research and development expenses increased by 22.63% to 46,634,204.34 CNY in 2020 from 38,028,556.31 CNY in 2019[88]. - The company is committed to enhancing its research and development capabilities to drive future growth and innovation[172]. - The company plans to strengthen its R&D efforts for high-value-added new products, aiming to significantly increase their production and contribution to revenue[133]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[6]. - The report outlines potential risks and countermeasures for future development[6]. - The company has established a foreign exchange hedging management system to mitigate currency risks amid changing international financial conditions[60]. - The company has recognized the risk of underperforming investments in its subsidiary, Shanghai Dongshuo Environmental Technology Co., Ltd., and has made provisions for asset impairment annually[138]. Environmental Commitment - The company has implemented a green development strategy, significantly reducing hazardous waste storage throughout the year[57]. - The company has received the "Green Factory" honor from the Ministry of Industry and Information Technology, highlighting its commitment to environmental protection[193]. - The company has established various environmental protection facilities, including wastewater treatment stations and VOCs monitoring systems, which are operating normally across its subsidiaries[198]. - The company has implemented emergency response plans for environmental incidents, with documentation filed with local environmental authorities[200]. Corporate Governance and Compliance - The company has committed to not engage in any business that constitutes substantial competition with its parent company, ensuring no direct or indirect involvement in competitive activities[149]. - The company has established a framework for compensation in case of future competitive business activities that may arise[149]. - The company has committed to ensuring fair pricing in related party transactions and has established strict disclosure protocols[152]. - The company has not reported any violations of commitments regarding related party transactions as of the end of the reporting period[154]. Shareholder Relations - The company has conducted various investor communication activities, including site visits and telephone consultations, to discuss operational performance and future strategies[139]. - The company has not adjusted its cash dividend policy during the reporting period, maintaining consistency in its profit distribution approach[143]. - The total cash dividends distributed over the past three years amount to 713,706,927.40 CNY, exceeding the average net profit of 361,418,121.61 CNY during the same period[145].