ZHUBO(SZ:300564)2021-04-22 16:00Dividend Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares to all shareholders, based on a total of 100,000,000 shares[5]. - The company plans to distribute cash dividends of 5.00 CNY per 10 shares, totaling 50 million CNY (including tax) for the 2020 fiscal year[112]. - The cash dividend distribution will account for 36.13% of the net profit attributable to ordinary shareholders, which is 138,406,511.12 CNY for 2020[116]. - The company has a policy to distribute at least 10% of the distributable profits as cash dividends in the first three years after its IPO[112]. - For mature companies without significant capital expenditure, the cash dividend proportion should be at least 80% of the total profit distribution[112]. - The company reported a total distributable profit of 401,792,357.79 CNY for the 2020 fiscal year[114]. - The company has consistently increased its cash dividends over the past three years, from 30 million CNY in 2018 to 50 million CNY in 2020[115]. - The company’s cash flow must meet the needs for normal operations and sustainable development before implementing cash dividends[111]. - The independent directors have approved the profit distribution plan, which is subject to the shareholders' meeting approval[117]. - The company has not proposed any stock dividends or capital reserve transfers for the 2020 fiscal year[114]. - The company’s cumulative undistributed profits must be positive for cash dividends to be proposed[111]. Financial Performance - The company's operating revenue for 2020 was ¥960,231,481.28, representing a 3.90% increase compared to ¥924,150,324.38 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥138,406,511.12, a decrease of 2.97% from ¥142,639,602.01 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥79,456,410.37, down 19.58% from ¥98,796,402.14 in 2019[18]. - The net cash flow from operating activities increased by 11.78% to ¥175,754,223.10 in 2020 from ¥157,228,965.10 in 2019[18]. - The total assets at the end of 2020 were ¥1,879,059,722.89, an increase of 11.52% compared to ¥1,685,015,381.07 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were ¥1,143,553,565.82, a 9.94% increase from ¥1,040,147,054.70 at the end of 2019[18]. - The basic earnings per share for 2020 were ¥1.38, a decrease of 25.41% from ¥1.85 in 2019[18]. - The weighted average return on equity for 2020 was 12.64%, down from 27.93% in 2019, indicating a significant decline[18]. - The company reported a net profit of ¥59,343,359.80 in Q4 2020, showing recovery compared to earlier quarters[20]. - The company achieved operating revenue of 960.23 million yuan in 2020, an increase of 3.90% year-on-year, while net profit attributable to shareholders decreased by 2.97% to 138.41 million yuan[27]. Market Strategy and Growth - The report covers the company's future development outlook, including potential risks and countermeasures[5]. - The company is focused on expanding its market presence and exploring new strategies for growth[5]. - The architectural design business generated revenue of 887.57 million yuan, accounting for 92.43% of total revenue, with significant growth driven by residential and commercial building design[27]. - The company established long-term strategic partnerships with major developers such as Vanke and Poly Real Estate, enhancing its competitive edge in residential building design[28]. - The company expanded its market presence by establishing branches in cities like Lanzhou, Taiyuan, and Zhengzhou, improving its operational efficiency and market responsiveness[37]. - The company plans to enhance its market competitiveness by acquiring quality enterprises in target markets and improving its design capabilities across various sectors[90]. - The company aims to complete its full industry chain layout and become a leading provider of comprehensive architectural design and engineering management solutions in China[91]. - The company has set a goal to integrate resources and enhance its design service capabilities over the next three years[91]. Innovation and Technology - The company is committed to innovation in architectural design and technology, including the adoption of Building Information Modeling (BIM) and prefabricated construction methods[11]. - The company integrated new building design technologies, including BIM and green building design, to enhance its research and development capabilities[38]. - The company will increase R&D investment in new technologies such as "new infrastructure," cloud service design, AR, and VR to maintain its industry-leading position[98]. - The company has implemented an information management platform to enhance collaboration among departments, aiming to improve project management and reduce operational costs[95]. Risk Management - The company emphasizes the risks associated with long-term regulation in the real estate industry, market competition, and potential technological innovations[5]. - The company faces risks from long-term regulatory policies in the real estate sector, which may impact business development and cash flow[100]. - The company acknowledges the risk of market competition as the domestic architectural design market becomes increasingly differentiated and competitive[101]. - The company is committed to addressing potential growth risks by enhancing management innovation and talent acquisition strategies[105]. Governance and Compliance - The company has a structured governance framework with a clear delineation of roles and responsibilities among its board members and management[195]. - The company has a long-term commitment to maintain effective governance and compliance with regulatory requirements[123]. - The company will publicly disclose any failure to fulfill commitments and provide explanations to shareholders and the public[124]. - The company has established a compensation system linked to the execution of its recovery measures, ensuring accountability among directors and senior management[124]. Shareholding and Management - The company has established strict compliance with commitments regarding shareholding reductions and will adhere to relevant regulations[119]. - The company will ensure that any share reduction does not exceed 20% of the shares held prior to the initial public offering within the two years following the lock-up period[120]. - The company has a management team with extensive experience in architecture and engineering, including registered structural engineers and senior engineers[189][190][191][192]. - The company continues to maintain a stable leadership structure with no changes in shareholding for key executives[172]. Awards and Recognition - The company received multiple awards in 2020, including the "Luban Award" and recognition as one of the top 20 private enterprises in Tibet[150].