Yonker(SZ:300187)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was ¥748,975,168.80, representing a 10.76% increase compared to ¥671,611,813.32 in 2019[17]. - The net profit attributable to shareholders decreased by 43.51% to ¥32,552,291.00 from ¥56,730,751.19 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥26,387,111.11, a significant increase of 310.10% compared to a loss of ¥13,452,149.10 in 2019[17]. - Cash flow from operating activities increased by 60.54% to ¥217,377,835.79 from ¥149,243,757.80 in 2019[17]. - Total assets at the end of 2020 reached ¥3,671,896,684.08, a 32.61% increase from ¥2,750,107,194.41 in 2019[17]. - The net assets attributable to shareholders decreased by 7.55% to ¥1,444,019,661.31 from ¥1,558,900,668.10 in the previous year[17]. - Basic earnings per share were ¥0.0505, down 43.51% from ¥0.0900 in 2019[17]. - The weighted average return on net assets was 2.19%, a decrease from 3.75% in the previous year[17]. Dividend Policy - The company plans not to distribute cash dividends or bonus shares for the year[6]. - The company distributed a cash dividend of RMB 2.18 per 10 shares, totaling approximately RMB 140.5 million to shareholders, reflecting its commitment to shareholder returns[129]. - The company did not distribute cash dividends or bonus shares for the reporting period, and the retained earnings will be carried forward to the next year[130]. - The total distributable profit for the reporting period was CNY 271,140.41, with a cash dividend total of CNY 0, representing 0.00% of the profit distribution[130]. - The company has maintained a consistent cash dividend policy, with no cash dividends declared in 2018 and 2020 due to negative or minimal profits[131]. Business Expansion and Acquisitions - The company has established a complete industrial chain in soil remediation, covering planning, investigation, risk assessment, design, construction, and chemical production, with over 400,000 acres of heavy metal contaminated farmland treated[26]. - The company acquired 100% equity of Hunan Huahuan Testing Technology Co., Ltd. in March 2020, enhancing its front-end environmental testing business and overall competitiveness[30]. - The acquisition of a 70% stake in Jiangsu Yongzhqing has expanded the company's hazardous waste disposal capacity to 38,000 tons annually, enhancing its operational stability and market presence[29]. - The company completed the acquisition of 70% equity in Jiangsu Yongzhiqing, enhancing its core business in hazardous waste disposal[53]. - The company has established three new subsidiaries during the reporting period, including Hunan Jingneng Environmental Technology Co., Ltd. with a registered capital of ¥2,000,000[144]. Technological Innovation - The company has developed proprietary technologies for soil remediation, including ion mineralization stabilization technology, recognized as leading domestically, and various advanced techniques for organic pollution treatment, which are internationally competitive[27]. - The company is focusing on technological innovation in soil remediation, with several significant breakthroughs in 2020[51]. - The company has developed a new heavy metal pollution soil ion mineralization stabilization technology, recognized in the 2020 Hunan Province Environmental Protection Advanced Technology Directory[40]. - The company is one of the few in China to independently master waste incineration power generation technology, with ongoing development of fly ash treatment agents that have lower processing costs[41]. - The company aims to develop a demonstration project for hazardous waste incineration, enhancing its design capabilities for hazardous waste treatment systems[83]. Market Outlook and Risks - The company is positioned to benefit from the long-term growth potential of the ecological and environmental protection industry during the "14th Five-Year Plan" period[36]. - The government’s commitment to enhancing pollution prevention and ecological construction in 2021 is expected to provide ongoing support for the environmental protection industry[36]. - The company faces risks from industry policy changes that could adversely affect sectors like soil remediation and waste treatment, necessitating strategic adjustments to mitigate these risks[121]. - Increased market competition may lead to reduced gross margins, as larger enterprises enter the environmental protection sector, prompting the company to enhance R&D and operational efficiency[122]. Environmental Impact and Compliance - The company has implemented a self-monitoring plan for environmental emissions, ensuring transparency and public oversight[181]. - The company has enhanced its environmental monitoring management system by hiring passionate young professionals[181]. - The company’s environmental impact assessments have been approved by relevant authorities, ensuring compliance with environmental laws[178]. - The company has organized two emergency drills for environmental pollution incidents in 2020, with no major environmental risks reported[180]. Financial Investments and Assets - The total investment amount for the reporting period was ¥867,234,455.50, representing a 125.35% increase compared to the previous year's investment of ¥384,838,007.19[100]. - The company reported a fair value change of ¥102,910,761.00 in financial assets during the reporting period[96]. - The company has a total of ¥89,071,676.99 in fixed assets pledged as collateral for long-term loans[97]. - The company has a total of ¥12,399,435.51 in intangible assets pledged as collateral for long-term loans[97]. Operational Efficiency - The company has established a comprehensive internal management mechanism and optimized its organizational structure to enhance operational efficiency[48]. - The company is actively expanding its market presence in key regions such as the Yangtze River Delta, Beijing-Tianjin-Hebei, Pearl River Delta, and Chengdu-Chongqing areas[49]. - The company is focusing on the "Environmental Steward" service model, which aims to provide comprehensive environmental solutions to government and industrial clients[58]. Research and Development - The company's R&D investment in 2020 amounted to ¥16,033,147.25, representing 2.14% of total revenue, a decrease from 3.34% in 2019[87]. - The company reported a total of 9 patent applications and 3 patent grants in 2020, focusing on solid waste treatment and resource utilization technologies[88]. - The company has successfully developed materials for the stabilization of heavy metals, achieving industry-level fixation efficiency[85]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,442, with an increase from 29,538 prior to the report[194]. - The largest shareholder, Hunan Yongqing Environmental Technology Industry Group Co., Ltd., holds 61.34% of the shares, totaling 395,325,811 shares, with 319,000,000 shares pledged[196]. - The company’s chairman and general manager, Ma Mingfeng, increased his holdings by 35,000 shares, while former general manager Shen Xiaodong reduced his holdings by 1,111,050 shares[188].