双飞集团(300817) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥624,880,957.71, representing a 17.99% increase compared to ¥529,584,726.03 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥74,647,426.47, which is a 10.65% increase from ¥67,461,378.50 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥61,575,818.19, up 6.28% from ¥57,939,294.63 in 2019[17]. - The basic earnings per share for 2020 decreased to ¥0.77, down 8.33% from ¥0.84 in 2019[17]. - The total assets at the end of 2020 reached ¥1,152,528,851.25, an 85.14% increase from ¥622,501,924.71 at the end of 2019[17]. - The net assets attributable to shareholders increased by 79.04% to ¥882,325,896.51 from ¥492,802,847.17 in 2019[17]. - The net cash flow from operating activities significantly decreased by 74.28% to ¥20,123,446.79 from ¥78,239,915.78 in the previous year[17]. - The weighted average return on net assets for 2020 was 9.36%, down 5.16% from 14.52% in 2019[17]. Revenue Breakdown - The company's total revenue for the four quarters was as follows: Q1: 121.02 million, Q2: 155.49 million, Q3: 148.39 million, Q4: 199.98 million[19]. - Net profit attributable to shareholders for the four quarters was: Q1: 13.10 million, Q2: 21.29 million, Q3: 15.59 million, Q4: 24.66 million[19]. - The manufacturing sector contributed 610.87 million yuan, accounting for 97.76% of total revenue, with a growth of 16.65% year-on-year[64]. - Domestic sales reached 521.09 million yuan, representing 83.39% of total revenue, with a year-on-year increase of 26.86%[64]. Product and Market Development - The company specializes in self-lubricating bearings and related materials, holding strong core technologies and intellectual property rights in this field[26]. - The main products include various series of self-lubricating bearings, which are widely used in automotive, engineering machinery, hydraulic systems, and mold industries[27][28][29][30]. - The company launched seven new products in 2020, including high-performance self-lubricating bearings and precision components, which passed provincial-level new product acceptance[60]. - The company acquired 80% of Jinhua Shuangfei Chengkai Alloy Materials Co., Ltd., enhancing its core business and improving raw material quality[60]. Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥2.5 per 10 shares, with no bonus shares issued[5]. - The cash dividend amount represents 33.85% of the company's net profit attributable to ordinary shareholders for the year 2020[134]. - The total distributable profit for the year is RMB 365,203,262.75, with the cash dividend accounting for 100% of the profit distribution[132]. - The company has maintained a consistent cash dividend policy, with previous distributions of RMB 21,055,000 in 2019 and RMB 18,948,000 in 2018[134]. Investment and Financial Management - The company reported an investment amount of ¥878,898,253.06 for the reporting period, representing a significant increase of 724.25% compared to the previous year's investment of ¥106,629,515.11[91]. - The company has a total of ¥33,575,670 in raised funds, with no changes in usage reported[96]. - The company has established a special account for raised funds and signed a tripartite supervision agreement with banks to ensure proper management and usage of the funds[98]. - The company has committed to returning any temporarily used funds to the special account within 12 months[100]. Risk Management - The company has acknowledged potential risks in its operations and has detailed measures to address these risks in its report[5]. - The company faces risks from raw material price fluctuations, particularly for copper and steel, which could impact profit margins[118]. - The company is exposed to intensified industry competition, necessitating continuous technological and management improvements to maintain market share[119]. - The company is subject to exchange rate fluctuations, particularly with USD and EUR, which could affect export sales and overall performance[119]. Corporate Governance and Compliance - The company has not reported any significant discrepancies in financial data according to different accounting standards during the reporting period[19][20]. - The company has not experienced any major litigation or arbitration during the reporting period[155]. - The company has established measures to ensure compliance with relevant laws and regulations to avoid administrative penalties[145]. - The company has committed to strictly fulfill all public commitments made during the IPO process, ensuring accountability for any failures[142]. Environmental Responsibility - The company has established and maintained effective pollution control facilities, achieving compliance with the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) for chemical oxygen demand[180]. - The company has completed environmental impact assessments for all production projects, which have been approved or filed[180]. - The company has not experienced any pollution incidents or disputes during the reporting period, and there were no administrative penalties for violations of environmental protection laws[183]. - The company has implemented an environmental self-monitoring plan, combining online and manual monitoring of pollution sources[182]. Shareholder Structure and Stock Management - The company has a shareholder structure where domestic natural persons hold 60.20% of shares, while domestic legal persons hold 14.80%[194]. - The company’s stock issuance was approved by the China Securities Regulatory Commission, with the first public offering being 21.06 million shares[197]. - The total number of common shareholders at the end of the reporting period is 11,915, an increase from 11,164 at the end of the previous month, representing a growth of approximately 6.7%[199]. - The largest shareholder, Zhou Yingchun, holds 41.74% of the shares, totaling 42,180,000 shares, with no changes during the reporting period[199].