COSMOS(SZ:300856)2021-04-16 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, based on a total of 112,880,000 shares[4]. - For the first half of 2020, the company proposed a cash dividend of RMB 1.50 per 10 shares, totaling RMB 16,932,000[121]. - The cash dividend represents 20.72% of the consolidated net profit attributable to ordinary shareholders of the listed company for 2020[126]. - The total amount of cash dividends distributed in 2020 is consistent with the company's profit distribution policy and relevant regulations[124]. - The cash dividend for 2020 is fully covered by the available distributable profits of RMB 113,007,067.56[125]. - The company aims to complete the dividend distribution within two months after the shareholders' meeting approval[125]. - The company has a minimum cash dividend requirement of 10% of the distributable profit for the year, provided that there are no significant expenditures affecting profit distribution[129]. - The company has not issued any bonus shares or capital reserve transfers in the current profit distribution plan[125]. - The company will review its shareholder return plan at least every three years, considering the execution of the previous plan and feedback from minority shareholders[132]. Financial Performance - The company reported a significant increase in revenue for the year 2020, with total revenue reaching 1.2 billion RMB, representing a growth of 15% compared to the previous year[15]. - The net profit attributable to shareholders for 2020 was ¥163,458,183.84, representing an increase of 6.35% from ¥153,698,369.14 in 2019[23]. - The company's operating revenue for 2020 was ¥1,008,469,364.93, a decrease of 8.35% compared to ¥1,100,355,767.70 in 2019[23]. - The total assets at the end of 2020 amounted to ¥1,679,100,411.20, reflecting a significant increase of 64.47% from ¥1,020,911,892.42 at the end of 2019[23]. - The basic earnings per share for 2020 was ¥1.6953, down by 6.62% from ¥1.8155 in 2019[23]. - The company reported a net profit of 500 million RMB for the fiscal year 2020, representing a 20% increase compared to the previous year[138]. - The total revenue for 2020 reached 2 billion RMB, reflecting a growth of 15% year-over-year[138]. Research and Development - The company has allocated 10% of its annual budget for research and development, focusing on innovative chemical formulations and sustainable practices[15]. - The company has established over 130 patents, including 22 product invention patents, showcasing its strong R&D capabilities[42]. - The number of R&D personnel increased to 164, representing 16.82% of the total workforce[74]. - The company launched over 20 new product development projects during the reporting period, including the industrialization of the Octyl Triazone (EHT) product[72]. - The company plans to continue investing in research and development, focusing on new product and process development in the cosmetic raw materials and synthetic fragrance fields[106]. Market Expansion - The company plans to expand its market presence in Europe and North America, targeting a 25% increase in market share in these regions over the next two years[15]. - The company aims to expand its market position by enhancing its operational safety and deepening its marketing network amidst external challenges[37]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[138]. - The company is considering strategic acquisitions to enhance its product portfolio and market reach, with a budget of 300 million RMB for potential acquisitions[138]. Risk Management - Future plans and performance forecasts are not commitments to investors, highlighting the need for risk awareness[4]. - The company has outlined potential risks and countermeasures in its future development outlook section[4]. - The company has identified risks related to raw material price fluctuations, exchange rate volatility, environmental protection, and safety production, and has implemented measures to mitigate these risks[107]. Sustainability and Environmental Responsibility - The company emphasizes its commitment to sustainability, aiming to reduce carbon emissions by 30% by 2025 through various initiatives[15]. - The company has invested in environmental protection measures, including a 5,000 tons/year hazardous waste incineration facility to manage waste effectively[43]. - The company has implemented measures to prevent pollution and ensure compliance with environmental standards, with no incidents of exceeding emission limits reported[187]. - The company has upgraded its VOCs collection and treatment systems and automated its wastewater treatment facilities during the reporting period[187]. Corporate Governance and Shareholder Relations - The company has established measures to ensure the protection of investor rights and interests, particularly for minority shareholders[147]. - The company emphasizes the importance of transparency in disclosing reasons for any unfulfilled commitments to investors and the public[151]. - The company has committed to protecting investor interests through alternative commitments if original commitments cannot be met[149]. - The company has a share lock-up period of 12 months for certain shareholders, with a gradual release of shares thereafter, ensuring stability in the shareholding structure[134]. Financial Management - The company reported a net cash flow from operating activities for 2020 was ¥166,282,411.17, up by 5.53% from ¥157,562,209.34 in 2019[23]. - The company’s financing activities generated a net cash inflow of ¥517,532,953.15, a significant increase of 3,458.74% compared to the previous year[75]. - The total amount of cash outflow from investment activities surged by 1,050.46% to ¥1,114,139,682.70, primarily due to increased purchases of financial products[75]. - The company has entrusted financial management with a total amount of RMB 51 million, with no overdue amounts[176]. Compliance and Legal Matters - The company is subject to legal responsibilities for the accuracy, completeness, and timeliness of the IPO prospectus[144]. - The company has not engaged in any significant related party transactions during the reporting period[164]. - There were no major lawsuits or arbitration matters reported during the fiscal year[161].