HLADI(SZ:300649)2020-04-26 16:00Financial Performance - The company's operating revenue for 2019 was ¥828,007,428.12, representing a 58.26% increase compared to ¥523,192,543.65 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥66,705,943.62, up 27.49% from ¥52,321,404.32 in 2018[22]. - The basic earnings per share for 2019 was ¥0.52, a 26.83% increase from ¥0.41 in 2018[22]. - The weighted average return on equity for 2019 was 17.47%, up from 15.62% in 2018[22]. - The company reported a total of ¥1,593,473.89 in non-recurring gains and losses for 2019, compared to ¥1,177,929.55 in 2018[28]. - The company's total revenue for the year was approximately CNY 828.5 million, with a year-on-year increase of 38.19%[44]. - The company reported a total revenue of 2,563.7 million yuan for the year 2018, with significant contributions from various projects[124]. - The company reported a total revenue of 49.6 million in 2019, indicating a stable financial performance[156]. - The company reported a total revenue of 1.2 billion RMB for the year 2019, reflecting a year-on-year growth of 15%[166]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 39.09% to ¥24,583,647.01 in 2019 from ¥40,358,171.02 in 2018[22]. - The company plans to distribute a cash dividend of ¥1.05 per 10 shares (including tax) based on a base of 128,000,000 shares, with no bonus shares issued[9]. - The cash dividend represents 20.15% of the total distributable profit of RMB 66,705,943.62 for the year[93]. - The company has a cash dividend policy to distribute at least 20% of the annual distributable profit, provided there are no major investment plans[82]. - The company has maintained a consistent dividend policy, with cash dividends of RMB 1.00 and RMB 0.80 per 10 shares in 2018 and 2017, respectively[91]. Business Strategy and Expansion - The company has a dual-driven development strategy focusing on "design and ecological environment business," aiming to expand upstream and downstream in the industry chain[5]. - The company is actively expanding its business by investing in Shanghai Manmeng Cultural Media Co., Ltd., aiming to diversify its operations in the ecological environment protection industry[40]. - The company aims to focus on providing integrated landscape design solutions and gradually expand into Engineering Procurement Construction (EPC) services[72]. - The company plans to enhance its national business network through design branches, leveraging brand advantages to overcome regional limitations[73]. - The company is exploring integrated design and construction business models to enhance its core competitiveness[72]. Project Management and Execution - The company has expanded its business model to include engineering general contracting (EPC) services, enhancing its project management capabilities[30]. - The successful implementation of the Hainan Boao project has received industry acclaim, laying a foundation for further expansion in EPC business[31]. - The company has secured multiple new projects, including the Liangzhu Heritage Park and environmental improvement projects in Anhui Province[31]. - The engineering contracting business accounted for 78.16% of total revenue, with a significant growth of 76.76% compared to the previous year[43]. - The company successfully undertook several major projects, including the Liangzhu Heritage Park, which has been recognized as a World Cultural Heritage site[40]. Research and Development - The company reported a 73.10% increase in R&D expenses, totaling CNY 37.4 million, reflecting the expansion of business scale[55]. - R&D investment amounted to ¥37,398,044.64 in 2019, representing 4.52% of total revenue, with a total of 45 R&D personnel, accounting for 17.51% of the workforce[60]. - The company aims to increase R&D investment and establish a dedicated R&D team to enhance forward-looking technology research in landscape design and related architectural design fields[99]. - The company conducted 11 R&D projects during the reporting period, resulting in 9 independent intellectual property rights obtained and 9 more pending applications, including 1 invention patent[56]. Risk Management - The company is facing risks related to slow accounts receivable collection due to government funding constraints amid economic slowdown[77]. - The main risks faced by the company include operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition[99]. - Strengthening internal controls related to accounts receivable is a priority, with dedicated personnel responsible for tracking and collecting receivables to reduce bad debt risk[99]. Corporate Governance - The company has established a clear and complete decision-making process for its profit distribution policy[88]. - The independent directors have fulfilled their responsibilities and ensured the protection of minority shareholders' rights[88]. - The company adheres to legal regulations and has established a sound corporate governance structure, ensuring compliance with the requirements of the China Securities Regulatory Commission[176]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[177]. Shareholder Information - The total number of shares for the dividend distribution is 128,000,000[90]. - The largest shareholder, Hangzhou Garden Investment Management Co., holds 9.00% of the shares, totaling 11,520,000 shares[139]. - The company has no foreign ownership, with 100% of shares held by domestic investors[136]. - The number of shareholders increased from 11,328 to 12,150 during the reporting period[138]. Employee and Workforce Management - The company employed a total of 270 staff, including 245 in the parent company and 25 in major subsidiaries[170]. - The professional composition of employees includes 185 production personnel, 45 technical personnel, and 28 administrative personnel[171]. - The company has continuously improved employee salaries and benefits based on operational performance[127]. - The training program includes new employee onboarding, professional skills training, and industry expert training to improve overall employee quality[173].