博汇股份(300839) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥972,286,470.32, representing a 17.54% increase compared to ¥827,164,515.97 in 2019[16]. - The net profit attributable to shareholders decreased by 23.69% to ¥57,792,763.87 from ¥75,731,552.31 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥49,984,049.63, down 32.05% from ¥73,563,769.95 in 2019[16]. - The company's total assets increased by 33.03% to ¥1,471,437,870.32 at the end of 2020, compared to ¥1,106,094,816.84 at the end of 2019[16]. - The net assets attributable to shareholders rose by 95.97% to ¥834,547,162.51 from ¥425,856,998.64 in 2019[16]. - The basic earnings per share decreased by 34.02% to ¥0.64 from ¥0.97 in the previous year[16]. - The weighted average return on equity was 9.06%, down from 18.67% in 2019, reflecting a decline of 9.61%[16]. - The net cash flow from operating activities was negative at -¥4,974,154.22, a significant decrease from ¥75,143,382.93 in 2019, marking a 106.62% decline[16]. Dividend and Share Capital - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total of 104,000,000 shares[4]. - The company will not issue bonus shares this year but plans to increase share capital by 31,200,000 shares through capital reserve conversion, raising total shares to 135,200,000[116]. - The company’s cash dividend distribution plan aligns with its articles of association and has been approved by the shareholders[115]. - In 2020, the cash dividend amounted to 41,600,000 CNY, representing 71.98% of the net profit attributable to ordinary shareholders, which was 57,792,763.87 CNY[119]. - The cash dividend in 2019 was 23,400,000 CNY, accounting for 30.90% of the net profit attributable to ordinary shareholders of 75,731,552.31 CNY[119]. - The company plans to gradually reduce its holdings of shares, with a maximum annual reduction of 25% of its total shares held[122]. Government Support and Subsidies - The company reported a government subsidy of ¥12,150,560.00 in 2020, a significant increase from ¥1,968,358.00 in 2019, reflecting a growth of approximately 517%[22]. Industry Trends and Strategic Focus - The petrochemical industry is undergoing significant changes due to the dual pressures of the COVID-19 pandemic and oil price fluctuations, presenting both challenges and opportunities for the company[25]. - The company is aligned with national strategies for "carbon neutrality" and "carbon peak," indicating a shift towards green development and environmental sustainability in its operations[25]. - The company is focusing on high-end product development and technological innovation to enhance competitiveness in the petrochemical sector[30]. - The government has classified the asphalt additive industry as a key area for encouragement, which may benefit the company's product lines[26]. Research and Development - Research and development expenses amounted to ¥34,107,364.85, representing a 52.46% increase from the previous year, accounting for 3.51% of total revenue[68]. - The company aims to increase its R&D budget to 100 million RMB in 2021, focusing on sustainable technologies[124]. Operational Efficiency and Cost Management - The company aims to reduce operational costs by 10% through improved supply chain management and efficiency measures in 2021[124]. - The company has implemented a pricing strategy based on production costs, market conditions, and raw material price trends, ensuring competitive pricing and maintaining long-term customer relationships[38]. Environmental Responsibility - The company has established facilities for the treatment of general industrial solid waste and hazardous waste, ensuring proper disposal by qualified units[167]. - The company’s environmental protection facilities, including low-nitrogen burners and SCR denitrification systems, are operating normally, ensuring pollutant emissions meet standards[167]. Shareholder Relations and Compliance - The company emphasizes the importance of maintaining effective communication with investors regarding operational performance and market conditions[110]. - The company will ensure timely and accurate information disclosure in accordance with stock exchange rules[123]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[124]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[124].