QSY Tech(SZ:300437)2020-04-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.1 RMB per 10 shares to all shareholders, based on a total of 218,324,973 shares [4]. - The company achieved a net profit of 76,150,838.40 yuan for the year 2019, with a distributable profit of 273,462,066.08 yuan at year-end [122]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be distributed as cash dividends if there are no major investments or expenditures [119]. - The cash dividend amount for 2019 was 24,015,747.03, representing 20.83% of the net profit attributable to ordinary shareholders [126]. - The cash dividend amount for 2018 was 50,214,051.95, representing 20.33% of the net profit attributable to ordinary shareholders [126]. - The cash dividend amount for 2017 was 24,015,416.15, representing 21.20% of the net profit attributable to ordinary shareholders [126]. Financial Performance - The company's operating revenue for 2019 was ¥1,707,807,465.13, a decrease of 0.25% compared to ¥1,712,117,473.81 in 2018 [16]. - The net profit attributable to shareholders for 2019 was ¥115,275,996.48, representing a significant decline of 53.33% from ¥247,012,482.19 in 2018 [16]. - The total assets at the end of 2019 reached ¥4,673,849,759.22, marking a 19.49% increase from ¥3,911,495,365.44 at the end of 2018 [16]. - The total net assets attributable to shareholders increased by 12.92% to ¥1,611,546,560.53 at the end of 2019, compared to ¥1,427,098,179.49 at the end of 2018 [16]. - The basic earnings per share for 2019 were ¥0.5280, down 53.33% from ¥1.1314 in 2018 [16]. - In 2019, the company achieved operating revenue of CNY 1,707.81 million, with a net profit attributable to shareholders of CNY 115.28 million, representing a decrease of 39.77% and 53.33% year-on-year, respectively [40]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting potential risks and countermeasures in its operations [4]. - The company has implemented a comprehensive risk management strategy to address potential operational challenges [4]. - The company is facing risks related to product price fluctuations due to raw material price volatility, which could impact profit margins [113]. - The company has a risk of increased accounts receivable due to potential economic downturns, which could impact cash flow [115]. - The company faces foreign exchange risks as a significant portion of its export revenue is denominated in USD, with fluctuations in the RMB/USD exchange rate affecting profitability [115]. - The company is actively seeking long-term partnerships with quality clients and suppliers to mitigate risks associated with raw material price changes [114]. Research and Development - The company is committed to innovation, investing in new product development and technological advancements in water treatment solutions [9]. - The company has established partnerships with top research institutions for R&D in water treatment chemicals and complex wastewater treatment technologies [27]. - The company emphasizes innovation and has a dedicated R&D team, which is crucial for maintaining its industry leadership in water treatment technology [34]. - The number of R&D personnel increased to 100 in 2019, accounting for 7.03% of the total workforce, up from 3.52% in 2018 [69]. - In 2019, the company's R&D investment amounted to ¥20,230,273.18, representing 1.18% of operating revenue, an increase from 1.04% in 2018 [69]. - The company is focusing on developing integrated sewage treatment solutions tailored for rural areas, aiming to contribute to the construction of beautiful rural communities [43]. Market Expansion - The company is focused on expanding its market reach through strategic partnerships and collaborations in the water treatment industry [9]. - The company has expanded its business operations to countries such as Pakistan and Malaysia, indicating a strategic move towards international market expansion [30]. - The company anticipates strong market demand for water treatment products in 2020 due to supportive government policies and the recovery of downstream industries post-COVID-19 [104]. - The company aims to enhance its core competitiveness by increasing R&D investment and expanding the variety and application range of water treatment agents, particularly focusing on green and environmentally friendly polymer products [109]. - The company is developing the "Product + Platform + Service" model to solidify its main business and enhance market competitiveness and customer recognition [108]. Financial Management - The company has a registered capital of 300 million RMB, indicating a solid financial foundation for future growth [12]. - The company reported a total investment of ¥123,649,321.11 during the reporting period, a decrease of 60.18% compared to ¥310,527,637.87 in the previous year [77]. - The company has a total of RMB 17,942.53 million in unused fundraising funds, with 4.18% of the total amount remaining [82]. - The company has a remaining balance of RMB 6,587,014.66 million in fundraising funds as of December 31, 2019, including returns from financial products [86]. - The company has committed to improving cash flow management by strengthening cost control and accelerating accounts receivable collection to mitigate financial risks [112]. - The company has engaged in acquisitions to enhance its core water-related business, which has resulted in goodwill that may be subject to impairment risks [116]. Corporate Governance - The company did not conduct any investor communications or interviews during the reporting period [117]. - The company did not issue new shares or increase capital reserves through stock dividends in 2019 [124]. - The actual controller and related parties fulfilled their commitments during the reporting period [127]. - The company has established a commitment to not use company assets for unrelated investment or consumption activities [131]. - The company has committed to providing additional assurances if new regulatory requirements arise that affect the profit compensation measures [131]. - The company has confirmed that all its assets are free from legal disputes, pledges, or other encumbrances [134]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has maintained compliance with pollution discharge standards since the establishment of its facilities [182][183]. - The wastewater treatment plant operated by the company has a designed capacity of 30,000 tons per day and has not reported any instances of exceeding discharge standards since its operation began [183]. - The company has completed environmental impact assessments for all construction projects, receiving approvals from relevant environmental protection departments [184]. - The company has implemented a quarterly monitoring scheme for pollutant emissions through a qualified third-party monitoring unit [187]. - The company has established emergency response plans for environmental incidents, with the latest plan filed in September 2019 [186]. - The company has received approvals for the construction and operation of the sewage treatment plant and associated pipeline projects in 2012 and 2015 [185].