IBR(SZ:300675)2021-03-30 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.9 RMB per 10 shares to all shareholders, based on a total of 146,666,700 shares[6]. - The company proposed a cash dividend of RMB 0.90 per 10 shares, totaling RMB 13,200,003.00 for the 2020 fiscal year, which represents 31.91% of the distributable profit after surplus reserves[119]. - The total distributable profit available to shareholders as of December 31, 2020, was RMB 142,590,520.62[119]. - The cash dividend for the 2019 fiscal year was RMB 0.75 per 10 shares, amounting to RMB 11,000,002.50, which accounted for 30.04% of the net profit attributable to shareholders[120]. - The company maintained a cash dividend policy that requires a minimum of 20% of profits to be distributed as cash dividends during its growth phase[118]. - The company has not made any adjustments to its cash dividend policy during the reporting period[117]. - The cash dividend for the 2018 fiscal year was RMB 0.70 per 10 shares, totaling RMB 10,266,669.00, which was 29.65% of the net profit attributable to shareholders[120]. - The company’s cash dividend distribution plan complies with its articles of association and relevant decision-making procedures, ensuring the protection of minority shareholders' rights[119]. - The company’s total cash dividend amount for 2020, including other methods, was RMB 13,200,003.00, representing 100% of the profit distribution total[117]. - The company’s net profit for the 2020 fiscal year was RMB 24,757,798.19[119]. - The company’s independent directors have fulfilled their responsibilities and provided independent opinions on the profit distribution plan[117]. - The company plans to maintain a cash dividend distribution of no less than 20% of the distributable profit achieved in the current year[123]. - The company has a policy to distribute profits in a stable and continuous manner, prioritizing cash dividends over stock dividends[123]. - The company will implement a stock reduction plan only under specific circumstances, such as legal changes or natural disasters[122]. - The company’s profit distribution policy emphasizes sustainable development and maximizing shareholder value[123]. - The company will announce any share reduction plans three trading days in advance, ensuring transparency[123]. - The company’s commitment to long-term shareholding reflects its confidence in future growth and market expansion[122]. - The company’s profit distribution will be shared proportionally among new and old shareholders based on the shareholding ratio after the issuance[123]. - The company plans to distribute cash dividends with a minimum proportion of 80% for mature stages without significant capital expenditures, and at least 40% when there are major capital expenditures exceeding 30 million yuan[124]. - The company aims to ensure a stable and sustainable return to shareholders, with a cash dividend distribution of no less than 20% of the distributable profits in profitable years[124]. - The board will review the dividend distribution policy at least every three years, considering the opinions of shareholders, independent directors, and supervisors[124]. - The decision-making process for profit distribution involves thorough research and discussion among the board and independent directors, requiring majority approval from independent directors before submission to the board and shareholders[124]. - The company emphasizes the importance of maintaining continuity and stability in its dividend distribution policy, taking into account profitability, operational goals, and external financing conditions[124]. - The company will disclose reasons and specific uses of retained funds if no cash distribution plan is made by the board[124]. - The company’s profit distribution plan must comply with regulations set by the China Securities Regulatory Commission and stock exchanges[124]. - The company will provide online voting options for shareholders during the approval of profit distribution proposals[124]. - The company’s future three-year dividend distribution plan was approved in the 2014 annual general meeting, focusing on long-term and sustainable development[124]. Financial Performance - The company's operating revenue for 2020 was CNY 506,457,668.54, representing an increase of 8.22% compared to CNY 467,972,060.82 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 43,866,588.22, a growth of 19.79% from CNY 36,620,943.28 in 2019[17]. - The net profit after deducting non-recurring gains and losses surged by 466.01% to CNY 25,826,381.22 from CNY 4,562,916.38 in 2019[17]. - The total assets at the end of 2020 reached CNY 1,309,962,633.16, marking a 23.88% increase from CNY 1,057,460,482.19 at the end of 2019[17]. - The basic earnings per share for 2020 was CNY 0.2991, up 19.78% from CNY 0.2497 in 2019[17]. - The company generated a net cash flow from operating activities of CNY 65,653,321.15, an increase of 3.37% compared to CNY 63,513,713.47 in 2019[17]. - The company's total revenue for the year reached 50,646 million yuan, representing a year-on-year growth of 8.22%[42]. - Net profit attributable to shareholders was 4,387 million yuan, an increase of 19.79% compared to the previous year[42]. - The urban green development service segment generated revenue of 31,676.80 million yuan, up 5.42% year-on-year, with a gross margin of 34.21%, an increase of 7.34 percentage points[42]. - The architectural design business achieved revenue of 10,825.40 million yuan, growing by 26.76% year-on-year, with a gross margin of 40.66%, up 7.50 percentage points[42]. - The green living public trust detection service segment reported revenue of 18,968.96 million yuan, a 13.25% increase from the previous year[43]. - The public trust detection service business generated revenue of 16,098.75 million yuan, reflecting a year-on-year growth of 27.09%[43]. - The company reported a significant increase in government subsidies recognized in 2020, amounting to CNY 21,238,974.97 compared to CNY 32,618,947.45 in 2019[22]. - The company's construction projects under management have seen a 68.03% year-on-year increase in construction in progress, attributed to investments in future building projects[29]. - Cash and cash equivalents increased by 38.08% year-on-year, primarily due to increased operating cash inflows[30]. - Accounts receivable rose by 11.65% year-on-year, driven by business growth leading to higher receivables[30]. - Prepayments surged by 158.93% year-on-year, mainly due to an increase in business prepayments[30]. - The company has established three national-level platforms and ten provincial-level technology platforms, leading to over 200 key projects in green building and urban development[31]. - The company holds 96 patents, including 50 invention patents, and has developed a comprehensive technical system for urban and building green construction operations[31]. - The company has built a database covering various urban metrics, including climate, air quality, and carbon emissions, supporting its technical services nationwide[33]. - The company has received multiple awards for its urban planning and architectural design projects, showcasing its technical expertise and green design philosophy[26]. - The company aims to expand its market presence by leveraging its unique design concepts and digital design capabilities[26]. - The company is focusing on enhancing its capabilities in urban operation services, including public art projects, to capture new business opportunities[47]. - The company has developed multiple ten-million-level "urban clients," with total revenue in the South and North regions reaching 430 million yuan, accounting for 85% and 89% of the respective regional contracts[47]. - The company is focusing on enhancing its core competitiveness through continuous innovation and the establishment of a technology incubation service model[50]. - The company's operating revenue for the professional technical services segment was approximately ¥506.46 million, representing a year-on-year increase of 8.22%[59]. - The gross profit margin for the professional technical services segment was 34.66%, a slight decrease of 0.07% compared to the previous year[59]. - The revenue from urban planning services reached ¥94.64 million, with a year-on-year growth of 18.99% and a gross profit margin of 42.97%[59]. - The company reported a significant increase in revenue from public trust services, which grew by 27.09% year-on-year, although the gross profit margin decreased to 34.90%[59]. - The total sales amount from the top five customers was ¥115.18 million, accounting for 22.74% of the annual total sales[66]. - The company’s total procurement from the top five suppliers was ¥141.47 million, representing 42.99% of the annual total procurement[66]. - Research and development expenses amounted to approximately ¥35.65 million, a decrease of 4.65% compared to the previous year[68]. - The company has 58 ongoing research projects, including 29 at the national and provincial levels, and has filed 9 new patent applications during the reporting period[69]. - The company’s R&D investment in 2020 amounted to ¥44,468,216.24, representing 8.78% of total revenue[73]. - The number of R&D personnel increased to 224 in 2020, accounting for 26.29% of the workforce[73]. - Operating cash inflow for 2020 was ¥505,369,710.04, an increase of 8.43% year-on-year[74]. - The net cash flow from operating activities was ¥65,653,321.15, reflecting a 3.37% increase compared to 2019[74]. - The company's total assets included cash and cash equivalents of ¥291,165,712.09, which constituted 22.23% of total assets[78]. - Accounts receivable rose to ¥322,491,461.71, making up 24.62% of total assets, primarily due to business growth[78]. - The company reported a net cash outflow from investment activities of ¥91,108,802.36, a 32.26% increase from the previous year[74]. - The total investment amount for the reporting period was ¥160,756,769.86, a 7.86% increase from the previous year[83]. Risk Management - The company reported no significant adverse risk factors affecting its operational, financial status, or ongoing profitability[6]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company recognizes increasing market competition and the need for innovation in business models to enhance resource allocation efficiency[100]. - The company is positioned to benefit from the ongoing national reforms in state-owned enterprises, which will enhance governance and innovation capabilities[101]. - The company is facing policy risks due to ongoing economic transitions and must adapt to new industry developments[108]. - The company is addressing market competition risks by establishing a standardized market strategy management mechanism[109]. - The company recognizes the importance of continuous R&D investment to mitigate technology risks associated with innovation and commercialization[109]. - The company is enhancing project management capabilities to meet the increasing demands of the "architect responsibility system" in engineering projects[111]. - The company is focusing on talent risk management by improving its incentive and career development systems for high-level technical personnel[112]. - The company is monitoring the impact of COVID-19 and adjusting operations to mitigate risks associated with the pandemic[112]. - The company acknowledges a significant accounts receivable risk, with a large book value that may increase as sales scale up, and plans to enhance credit and financial risk assessments[128]. Corporate Governance - The company has established a commitment to avoid competition with its controlling shareholder, ensuring no similar business activities are conducted[125]. - The controlling shareholder has pledged to not engage in any business that competes with the company's main operations, both directly and indirectly[125]. - The company has implemented measures to standardize and reduce related party transactions, ensuring fairness and transparency in dealings[125]. - The controlling shareholder has committed to not influence the company's independence or decision-making regarding related party transactions[125]. - The company has a robust governance structure in place, including detailed regulations on decision-making processes for related party transactions[125]. - The controlling shareholder has confirmed that there are no undisclosed related party transactions as of the date of the commitment letter[125]. - The company will ensure that any necessary related party transactions are conducted under fair and reasonable conditions[125]. - The controlling shareholder will not seek any benefits beyond those stipulated in existing agreements with the company[125]. - The company is committed to maintaining open communication with minority shareholders regarding dividend proposals[125]. - The company will bear full responsibility for any losses incurred by the company due to financial interactions with other enterprises controlled by the shareholder[125]. - The company has established mechanisms to ensure compliance with share price stabilization measures, including potential withholding of dividends from controlling shareholders who fail to meet their obligations[127]. - The company will take legal responsibility for any violations of the share price stabilization plan by the controlling shareholder[127]. - The company will ensure that new directors and senior management sign commitments in accordance with the stabilization plan upon their hiring[127]. - The company has set forth penalties for directors and senior management who fail to fulfill their obligations under the stabilization plan[127]. - The company will disclose the range of shares to be increased, price intervals, total amounts, and completion timelines in public announcements[127]. - The company is committed to timely and full withholding of dividends owed to controlling shareholders if they do not meet their shareholding obligations[127]. - The company will replace directors who repeatedly fail to fulfill their shareholding obligations, as proposed by the controlling shareholder or a majority of independent directors[127]. - The company has maintained a stable governance structure with no significant changes in major shareholders[191]. Strategic Initiatives - The company has a comprehensive service model that includes Design-Operation-Transfer (DOT) to enhance project efficiency[11]. - The company focuses on green building practices, emphasizing sustainability and resource conservation throughout the building lifecycle[11]. - The company has established a self-organized initiative called "Three Has Gathered" to promote a green lifestyle in response to national low-carbon policies[11]. - The company focuses on providing comprehensive solutions for urban green development and green living services, emphasizing low-carbon and ecological principles[26]. - The company is collaborating with local power supply authorities to explore the implementation of a virtual power plant platform[71]. - The future building project is expected to enhance the company's capabilities in energy transition and carbon neutrality[71]. - The company invested a total of RMB 134,087,367.92 in the construction of the Future Building, with a cumulative actual investment of RMB 388,662,587.68 as of the reporting period[86]. - The company is advancing the construction of a national-level green technology innovation center to enhance its core competitiveness[106]. - The company is focusing on digital transformation through the implementation of fundraising projects, including the online operation platform and wellness system construction project[107]. - The company aims to strengthen brand building and corporate social responsibility to enhance its overall value and influence in the market[107]. - The company is reforming its marketing system to enhance regional market operations and improve localized production services[129]. - The company is promoting a "Lohas Work Society" platform for project management, incentivizing employee performance through self-management and contribution evaluation[129]. - The company has established two wholly-owned subsidiaries to better leverage the strategic advantages of the Greater Bay Area and enhance its role in green development[46]. - The company intends to deepen its market strategy in key urban areas while expanding into regions with strong growth potential, such as the Yangtze River Delta[105]. - The company aims to enhance brand recognition and public engagement through initiatives like "Three Have Gatherings" and "IBR Certification" to promote high-quality green development[105]. - The company is focusing on improving its green technology service business, utilizing GIS and BIM technologies to enhance production efficiency and capacity growth[128]. - The company aims to accelerate the development of its DOT business, targeting green buildings and communities, with plans to implement projects in nine key regions across the country[128]. Social Responsibility - The company has actively participated in pandemic response efforts, ensuring zero infections among employees and providing a self-developed epidemic management app[164]. - The company provided rent reductions totaling approximately 440,000 yuan to multiple tenants during the pandemic[165]. - The company donated 1,500 medical protective masks and 200 sets of protective clothing to medical teams in Wuhan, along with 600 KN95 masks[165]. - The company conducted structural safety inspections for about 50 quarantine hotels to support local pandemic prevention efforts[165]. - The company invested 40.80 million yuan in targeted poverty alleviation efforts during the reporting period[168]. - The company actively participated in poverty alleviation work, with dedicated personnel stationed in rural areas[165]. - The company has no further plans for targeted poverty alleviation in the upcoming period[170]. - The company has established the Shenzhen Construction Engineering Standard Society to promote high-quality urban construction standards in Shenzhen[163]. Compliance and Audit - The company engaged KPMG Huazhen LLP as its auditor, with an audit fee of CNY 1.3 million for the reporting period[136]. - There were no significant lawsuits or arbitration matters during the reporting period[138]. - The company did not experience any penalties or rectification issues during the reporting period[139]. - The company did not have any non-operating fund occupation by controlling shareholders or related parties[132]. - The company made changes to its accounting policies in accordance with the Ministry of Finance's new revenue standards, but there were no changes in accounting estimates or significant accounting errors[134]. - The company has committed to compensating investors for losses due to any false statements or omissions in its prospectus[131]. - The company has not faced any delisting situations following the annual report disclosure[136]. - The company has maintained compliance with all relevant regulations and has not triggered any buyback obligations due to false disclosures[131]. Shareholder Structure - The company’s total share capital is 146,666,700 shares, with 100% of shares now in circulation following the lifting of restrictions on 66 million shares[177]. - The total number of shares held by major shareholders includes 62,857,143 shares (42.86%) held by Shenzhen Capital Operation Group Co., Ltd. and 13,462,100 shares (9.18%) held by Shenzhen Jianke Investment Co., Ltd.[183]. - The total number of restricted shares at the beginning of the period was 66,000,000, with all shares released during the period, resulting in 0 restricted shares at the end of the period[180]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[186]. - The controlling shareholder,