七彩化学(300758) - 2019 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 106,680,000 shares[3]. - The cash dividend amount for 2019 was CNY 74,676,000, representing 69.08% of the net profit attributable to ordinary shareholders, which was CNY 108,099,205.23[123]. - In 2018, the cash dividend was CNY 42,672,000, accounting for 40.49% of the net profit attributable to ordinary shareholders of CNY 105,376,881.81[123]. - For 2017, the cash dividend totaled CNY 56,000,000, which was 54.17% of the net profit attributable to ordinary shareholders of CNY 103,384,465.73[123]. - The total cash dividend amount (including other methods) for 2019 was CNY 74,676,000, which also represented 69.08% of the net profit attributable to ordinary shareholders[123]. - The company plans to distribute dividends over the next three years, with cash dividends accounting for no less than 10% of the distributable profits for each year[127]. - Cumulative cash dividends over three years will be at least 30% of the average annual distributable profits[127]. - The company has a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 80% cash distribution in mature stages without major capital expenditures[126]. Financial Performance - The company's operating revenue for 2019 was ¥694,584,854.55, representing a year-over-year increase of 13.69% compared to ¥610,949,403.59 in 2018[5]. - The net profit attributable to shareholders for 2019 was ¥108,099,205.23, a 2.58% increase from ¥105,376,881.81 in 2018[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥133,371,379.79, reflecting a 24.91% increase from ¥106,770,646.88 in 2018[5]. - The total assets at the end of 2019 were ¥1,443,708,020.36, a significant increase of 94.79% from ¥741,174,119.87 at the end of 2018[5]. - The company's basic earnings per share for 2019 was ¥1.06, down 19.70% from ¥1.32 in 2018[5]. - The weighted average return on equity for 2019 was 10.81%, a decrease of 11.98% from 22.79% in 2018[5]. - The company reported a total of ¥25,272,174.56 in non-recurring losses for 2019, compared to a loss of ¥1,393,765.07 in 2018[20]. Capital and Investment - The company will increase its capital reserve by converting 8 shares for every 10 shares held by shareholders[3]. - The company has a projected surplus of 10,000,000 in fundraising, which will be allocated to new investment projects[95]. - The company has invested RMB 29,172.18 million in various projects, achieving an investment completion rate of 75.58% for the high-performance polyester fiber dyeing project[91]. - The high-durability organic pigment project has seen an investment of RMB 8,217.35 million, representing 82.17% of the total committed investment[92]. - The company has utilized RMB 6,364.53 million for repaying bank loans, exceeding the planned amount due to bank fees[93]. Research and Development - The company has established a strategic cooperation agreement with Dalian University of Technology, enhancing its R&D capabilities in advanced organic new materials[48]. - A new R&D center of over 4,000 square meters was established in Shanghai, focusing on new material development and engineering research[49]. - R&D expenses amounted to CNY 31,107,559.14, a 25.48% increase year-on-year, accounting for 4.48% of total operating revenue[71]. - R&D personnel increased to 137, accounting for 15.87% of total employees, up from 12.66% in 2018[72]. - The company has signed 12 domestic patents, emphasizing its commitment to innovation in new products and technologies[71]. Environmental Responsibility - The company emphasizes the importance of environmental protection and has implemented measures to reduce waste emissions in compliance with national standards[107]. - The company has established a safety management system to mitigate risks associated with the use of hazardous materials in production[109]. - The company has implemented a comprehensive environmental management system, focusing on clean production and low-carbon development[175]. - The company has established emergency response plans for environmental risks and hazardous waste, which are regularly rehearsed[173]. - The company conducts regular third-party monitoring of wastewater, exhaust gas, noise, soil, and groundwater[174]. Corporate Governance - The company’s board of directors and senior management have confirmed the accuracy and completeness of the annual report[2]. - The company has a strong management team with extensive industry experience, contributing to its operational efficiency[43]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[124]. - The company will ensure transparent communication with shareholders regarding any changes in dividend policies, requiring a two-thirds majority for approval[126]. - The company has established a framework for internal accountability for any breaches of commitments by its directors and senior management[134]. Market Position and Strategy - The company specializes in high-performance organic pigments and solvent dyes, with products that offer superior color and environmental performance compared to traditional inorganic pigments[22]. - The company is in a rapidly developing organic pigment industry, driven by stable growth in downstream markets such as plastics, coatings, and inks[33]. - The company has a strong competitive position in the high-performance organic pigment industry, particularly in the benzimidazolone series, with significant advantages in international market competition[36]. - The company is actively preparing its US subsidiary to better serve American clients, enhancing its global service capabilities[53]. - The company has established agents under its brand in major industrial countries outside Europe and the US, indicating a strategic expansion in global markets[54]. Shareholder Relations - The company has a dedicated securities department for investor relations, reachable via email at zhengquan@hifichem.com[11]. - The company has selected multiple media outlets for information disclosure, including China Securities Journal and Shanghai Securities Journal[12]. - The company will announce any share reduction plans three trading days in advance, adhering to relevant regulations[125]. - The company commits to a lock-up period of three months for repurchased shares, extending by six months if commitments are not fulfilled[125]. - The company will ensure that related party transactions are conducted fairly and at market prices[128].