久吾高科(300631) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥531,269,507.27, representing a 7.56% increase compared to ¥493,948,395.76 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥82,732,790.35, a significant increase of 48.23% from ¥55,814,395.22 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥63,217,051.08, up 31.94% from ¥47,913,876.35 in 2019[17]. - The company's total assets increased by 9.05% to ¥1,407,181,784.90 at the end of 2020, compared to ¥1,290,421,022.87 at the end of 2019[17]. - The basic earnings per share for 2020 was ¥0.7931, reflecting a 46.65% increase from ¥0.5408 in 2019[17]. - The company reported a net cash flow from operating activities of ¥7,044,644.73, a decrease of 88.20% from ¥59,707,863.02 in 2019[17]. - The company achieved a revenue of CNY 531.27 million in 2020, representing a year-on-year growth of 7.56%[42]. - The net profit attributable to the parent company was CNY 82.73 million, marking a significant increase of 48.23% compared to the previous year[42]. - Research and development expenses amounted to CNY 28.93 million, accounting for 5.44% of total revenue[43]. - The gross profit margin for the specialized equipment manufacturing industry was 42.54%, an increase of 1.78% compared to the previous year[49]. Dividend Policy - The company plans to distribute a cash dividend of 1.8 RMB per 10 shares to all shareholders based on a total share capital of 108,625,070 shares as of March 31, 2021[5]. - The proposed cash dividend for 2020 is 1.8 CNY per 10 shares, amounting to a total cash dividend of 19,552,512.60 CNY (including tax)[99][100]. - The cash dividend represents 23.63% of the net profit attributable to shareholders for the year 2020[101]. - The company has maintained a consistent cash dividend policy, with previous years' dividends being 1.5 CNY per 10 shares for 2018 and 2019[100][101]. - The cash dividend payout ratio for 2019 was 28.37%, and for 2018 it was 28.78%, indicating a stable dividend policy[101]. Research and Development - The company focuses on the research and application of ceramic membranes and membrane separation technology, providing integrated solutions for industrial separation and environmental water treatment[26]. - The company has established a complete R&D system for ceramic membranes and membrane separation technology, promoting continuous technological innovation[30]. - The company holds a total of 69 invention patents, 127 utility model patents, and 5 design patents, with 109 patent applications accepted[38]. - The company plans to invest 50 million in research and development to innovate new technologies over the next two years[200]. Market Position and Strategy - The company aims to become a leader in the membrane separation industry, focusing on innovation in membrane materials and technologies to support traditional industries' upgrades and contribute to energy conservation and circular economy efforts[89]. - The company will actively explore new application areas for ceramic membranes, including special water treatment and food and beverage sectors, to create new growth points[110]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[112]. - A strategic acquisition of a smaller tech firm was completed, which is anticipated to enhance the company's technological capabilities and increase market competitiveness[112]. Financial Management - The company received government subsidies amounting to ¥25,665,545.89 in 2020, compared to ¥8,613,939.80 in 2019[23]. - The company's fixed assets increased by 100.8% compared to the beginning of the period, primarily due to the completion and acceptance of IPO fundraising projects[35]. - Cash and cash equivalents decreased by 59.66% compared to the beginning of the period, mainly due to the purchase of trading financial assets and repayment of bank loans[35]. - The total cash inflow from financing activities decreased by 33.58% to 275,510,000.00 CNY, while cash outflow increased by 60.94% to 306,486,885.99 CNY, leading to a net cash flow from financing activities of -30,976,885.99 CNY[63]. Corporate Governance - The company has committed to ensuring the accuracy and completeness of its financial reports, with key personnel affirming the integrity of the annual report[4]. - The company has ensured that minority shareholders have had the opportunity to express their opinions and that their rights are adequately protected[97]. - The company has fulfilled all commitments made by its actual controllers and shareholders as of the report date[103]. - The company has a long-term commitment to comply with relevant laws and regulations regarding share transfers and repurchases[104]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks in its future development outlook[5]. - The ongoing uncertainty of the COVID-19 pandemic may adversely affect the company's operations and performance, with a focus on monitoring developments and ensuring stable product and service delivery[93]. - The company is facing competition risks from both domestic and international players, which may impact profit margins; ongoing R&D investment and market expansion are essential to maintain its leading position[91]. Social Responsibility - The company actively participated in social responsibility initiatives, including donations during the COVID-19 pandemic[150]. - The company has established a scholarship fund to support outstanding students in need[150]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,078, down from 11,136 at the end of the previous month[171]. - The largest shareholder, Shanghai Dehui Group, holds 29.46% of the shares, totaling 32 million shares[171].