BSM(SZ:300796)2020-04-20 16:00Financial Performance - The company reported a profit distribution plan based on a total of 121,150,000 shares, proposing a cash dividend of 0.8 CNY per 10 shares (including tax) and no bonus shares[5]. - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management team[4]. - The company’s financial performance and strategic outlook are detailed in the annual report, highlighting key metrics and future plans[13]. - The company’s operating revenue for 2019 was ¥494,091,971.03, representing a 6.21% increase compared to ¥465,221,707.76 in 2018[18]. - The net profit attributable to shareholders decreased by 18.34% to ¥63,652,795.42 from ¥77,952,037.03 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥52,648,463.58, down 29.89% from ¥75,095,493.20 in 2018[18]. - The net cash flow from operating activities was ¥45,176,798.08, a decrease of 20.38% compared to ¥56,739,541.64 in 2018[18]. - The total assets at the end of 2019 reached ¥1,198,791,073.40, an increase of 77.31% from ¥676,093,189.69 in 2018[18]. - The net assets attributable to shareholders increased by 84.28% to ¥998,434,546.01 from ¥541,804,150.59 in 2018[18]. - The company achieved a total operating revenue of 494.09 million yuan in 2019, representing a year-on-year growth of 6.21%[65]. - The cash dividend amount for 2019 is 100% of the total profit distribution amount, indicating a full payout of available profits[123]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings, particularly in the agricultural chemicals sector[5]. - The company is actively expanding into new international markets, including Australia and other countries in Asia, while maintaining stable supply relationships with overseas customers[35]. - The company’s sales model includes direct sales for intermediates and active ingredients, while utilizing distributors for end-user products, reflecting a flexible approach to market demands[34]. - The company is focused on the research, production, and sales of environmentally friendly pesticide intermediates and formulations, with a core product layout of "1+3" centered around dimethenamid[28]. - The company has expanded the application range of dimethenamid to various crops, significantly increasing its market presence in developed regions[29]. - The company aims to enhance its product system by focusing on environmentally friendly pesticides, targeting leading positions in market share and production scale in specific segments[109]. Research and Development - The company has engaged a reputable accounting firm to ensure compliance and accuracy in its financial reporting[17]. - Research and development expenses amounted to 29.48 million yuan, accounting for 5.97% of total operating revenue, with 14 patents granted during the reporting period[61]. - The company holds 44 authorized patents, including 10 invention patents, and has established a provincial-level high-tech enterprise R&D center[49]. - The company is currently developing new products, including methoxyfenozide and benzoylpropionic acid, to lay a solid foundation for future growth[50]. - The company has successfully developed the synthesis processes for three new pesticide products, including methoxyfenozide and flufenoxuron, and aims for industrial production and market launch[114]. Environmental and Safety Compliance - The company continues to invest in safety and environmental protection, enhancing its operational processes and reducing waste emissions[62]. - The company has established a comprehensive safety production system to mitigate risks associated with hazardous chemicals used in its operations[117]. - Environmental protection measures are in place to manage waste and emissions, ensuring compliance with national and local standards[118]. - The company has established a comprehensive wastewater treatment system, ensuring effective collection and treatment of various wastewater types[167]. - The company has implemented advanced foreign waste gas treatment devices, enhancing its waste gas management capabilities[167]. Shareholder and Governance - The company has maintained a consistent approach to profit distribution, ensuring that minority shareholders' rights are protected[123]. - The company reported a lock-up period of 36 months for shares held by directors and senior management after the IPO, with a reduction limit of 25% per year during their tenure[129]. - The company emphasizes the importance of adhering to the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[130]. - The company has established a clear policy to avoid conflicts of interest and protect the rights of minority shareholders[135]. - The company has committed to transparency in related party transactions, adhering to legal and regulatory requirements[135]. Financial Management and IPO - The company completed its initial public offering (IPO) of 30.3 million shares at a price of 14.25 RMB per share, increasing total shares from 90,850,000 to 121,150,000[183]. - The company raised a total of RMB 431,775,000.00 through its initial public offering, with a net amount of RMB 392,977,600.00 after deducting issuance costs of RMB 38,797,400.00[90]. - The company plans to utilize the raised funds for future expansion and development initiatives[184]. - The company’s total share capital increased by 33.4% following the IPO[184]. - The company has established a clear strategy for managing share reductions in accordance with market conditions and legal requirements[130]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report, indicating potential operational risks[5]. - The company maintains a procurement strategy to mitigate the impact of raw material price fluctuations on production costs[30]. - The company has formed stable and long-term cooperative relationships with numerous domestic and international clients, enhancing its market influence[52]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[165]. - The company has developed emergency response plans for environmental incidents, which have been filed with local environmental authorities[169].