世名科技(300522) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 454,523,891.19, representing a 22.35% increase compared to CNY 371,495,243.82 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 92,730,018.39, a 25.90% increase from CNY 73,651,739.82 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 89,394,089.31, up 28.09% from CNY 69,790,698.29 in 2019[17]. - The net cash flow from operating activities increased by 71.96% to CNY 86,510,777.82, compared to CNY 50,308,786.39 in 2019[17]. - The total assets at the end of 2020 were CNY 893,524,415.87, a 25.92% increase from CNY 709,618,237.74 at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were CNY 725,010,095.52, reflecting a 12.19% increase from CNY 646,247,809.00 in 2019[17]. - The basic earnings per share for 2020 were CNY 0.5229, up 26.86% from CNY 0.4122 in 2019[17]. - The diluted earnings per share for 2020 were CNY 0.5131, an increase of 26.41% from CNY 0.4059 in the previous year[17]. - The company reported a total revenue of 454.52 million yuan in 2020, representing a growth of 22.35% compared to the previous year[48]. - The net profit attributable to shareholders reached 92.73 million yuan, marking a 25.90% increase year-on-year[48]. Investments and Acquisitions - The company completed the full acquisition of Kaimen Additives, enhancing its product variety in additives[31]. - The company is constructing a project with an annual production capacity of 5,500 tons of alkyne surfactants and 2,500 tons of polyether modified silicone surfactants[31]. - The company is also investing in a project with an annual production capacity of 56,000 tons of advanced photosensitive materials and 1,000 tons of photoresist nano pigment dispersions[32]. - The company completed the acquisition of 100% equity in Yueyang Kaimen Water-based Additives Co., Ltd. for RMB 69.5 million, making it a wholly-owned subsidiary[92]. - The company established a wholly-owned subsidiary, Suzhou Shiyun New Materials Technology Co., Ltd., with a 75% stake held by its subsidiary, Shiying Capital, as part of its strategic development on July 9, 2020[92]. Research and Development - The company invested 38.06 million yuan in R&D, which represents a 39.69% increase compared to 2019[65]. - The number of R&D personnel increased to 100 in 2020, representing 28.57% of the workforce, up from 23.24% in 2019[101]. - The company has developed proprietary technologies for polymer dispersants, supporting the research and development of new color materials[31]. - The company is focusing on the development of polymer fiber masterbatch manufacturing technology as part of its strategic layout[45]. - The company has established a textile color business center to support its fiber color-related operations, positioning it as a core business segment[63]. Market and Sales Performance - The company reported a significant increase in quarterly revenues, with Q4 2020 revenue reaching CNY 150,753,746.24[19]. - The coatings segment generated ¥362,240,339.73, accounting for 79.70% of total revenue, with a year-on-year growth of 22.17%[79]. - The special additives segment saw a remarkable increase of 612.80%, with revenue of ¥57,761,126.76, up from ¥8,103,413.84 in 2019[79]. - Revenue from the East China region was ¥183,994,183.12, a significant increase of 45.81% compared to ¥126,187,186.98 in 2019[79]. - The company’s sales of latex color paste for medical gloves increased significantly due to the surge in demand for protective products during the COVID-19 pandemic[28]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[6]. - The cash dividend distribution represents 100% of the total distributable profit of RMB 253,514,272.41[148]. - In 2020, the cash dividend amount was 35,842,345.20, representing 38.65% of the net profit attributable to ordinary shareholders[153]. - The company has committed to distributing at least 20% of its distributable profits in cash annually, provided there are no significant adverse changes in the external operating environment[158]. Compliance and Governance - The company emphasizes the importance of compliance with its internal regulations regarding fund management and related transactions[156]. - The independent directors have fulfilled their responsibilities in the profit distribution decision-making process, ensuring the interests of all shareholders are protected[145]. - The company has established necessary decision-making procedures for related party transactions, ensuring compliance with its articles of association[156]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[159]. Environmental and Social Responsibility - The company actively engages in environmental protection and energy conservation, ensuring compliance with national regulations and investing in necessary environmental facilities[199]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities, maintaining compliance with environmental laws[200]. - The company emphasizes environmental protection by developing low-VOC and environmentally friendly products, aligning with national regulations[53].