NJUAE(SZ:300864)2021-04-27 16:00Dividend Distribution - The company plans to distribute a cash dividend of 10 RMB per 10 shares (including tax) to all shareholders, with a capital reserve conversion of 9 shares for every 10 shares held[6]. - The company plans to distribute a cash dividend of 10.00 yuan per 10 shares (including tax), totaling 48 million yuan, which represents 36.38% of the net profit attributable to shareholders[119]. - The cash dividend policy has been strictly adhered to, ensuring clarity in distribution standards and protecting shareholder interests[119]. - The company has maintained a consistent cash dividend payout over the past three years, with 30 million yuan in 2019 and 26 million yuan in 2018[125]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, ensuring compliance with regulations[119]. Financial Performance - The company's operating revenue for 2020 was ¥483,508,741.49, representing a 14.18% increase compared to ¥423,454,925.43 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥131,934,925.76, which is a 20.06% increase from ¥109,887,031.04 in 2019[18]. - The total assets at the end of 2020 reached ¥1,369,949,427.78, a significant increase of 211.43% from ¥439,894,724.09 at the end of 2019[18]. - The net assets attributable to shareholders increased by 453.38% to ¥1,069,661,696.45 at the end of 2020, compared to ¥193,295,150.60 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥3.30, an increase of 8.20% from ¥3.05 in 2019[18]. - The company reported a weighted average return on equity of 26.56% in 2020, down from 74.74% in 2019, indicating a decrease of 48.18%[18]. Environmental Services - The company emphasizes the importance of environmental services as a significant part of the strategic emerging industries in China[11]. - The company is committed to providing comprehensive environmental solutions, including environmental technology services and pollution control engineering[12]. - The company engaged in environmental investigation and assessment, providing services such as environmental damage judicial appraisal and site investigation[27]. - The company maintained its position as a leading provider of environmental research, consulting, and design services, with a strong focus on sustainable development[27]. - The company is positioned to benefit from increasing demand for third-party environmental protection services due to stricter regulations and policies[39]. Research and Development - The company applied for 38 new patents and was granted 16 patents during the reporting period, including 5 invention patents[45]. - The company plans to enhance its R&D capabilities by investing in pollution control and resource recovery technologies, focusing on high-toxicity pollutant control and low-consumption, high-efficiency environmental technologies[101]. - In 2020, the company's R&D expenses increased by 17.36% to ¥33,721,296.37, representing 6.97% of total revenue[66]. - The number of R&D personnel increased to 74, accounting for 13.14% of the total workforce[66]. Market Presence and Expansion - The company expanded its market presence by establishing branches in Anhui and Suzhou, enhancing local market competitiveness[49]. - Revenue from Jiangsu Province accounted for 78.97% of total revenue, with a year-on-year growth of 18.99%[56]. - The environmental research, consulting, and design segment saw a significant revenue increase of 37.69%, contributing CNY 211.08 million to total revenue[56]. - The company signed strategic cooperation agreements with multiple local environmental authorities, enhancing its project portfolio[49]. Financial Management and Investments - The company raised ¥786,487,904.00 through financing activities, a staggering increase of 3,319.51% compared to the previous year[68]. - The company's cash and cash equivalents grew by 155.34% compared to the beginning of the period, primarily due to the issuance of new shares[41]. - The company has established a localized service platform to enhance responsiveness to customer needs and improve service quality[32]. - The company has committed to invest RMB 57,500,000 in various projects, with RMB 18,841,900 already utilized[86]. Risk Management - The company acknowledges potential risks in its future operations and encourages investors to be aware of investment risks[6]. - The company faces risks from intensified market competition, particularly from strong state-owned enterprises entering the environmental sector[107]. - The company is exposed to regional concentration risk, with a significant portion of its revenue dependent on the economic performance of Jiangsu province[108]. - The company has established a comprehensive subcontractor management system to mitigate project management and quality risks[111]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has fulfilled all commitments made by actual controllers, shareholders, related parties, and acquirers during the reporting period[126]. - The company is committed to reducing and regulating related party transactions to avoid conflicts of interest[135]. - The company has established a "Stabilization Plan" to protect investor interests, which includes legal responsibilities for compliance[149]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held directly or indirectly for 36 months from the date of listing, which is from August 24, 2020, to August 23, 2023[127]. - The company will ensure that any related party transactions are conducted at fair market prices[135]. - The company has pledged to ensure the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions that may cause investor losses[156]. - The company has committed to strictly fulfill all public commitments made during its initial public offering and listing on the Growth Enterprise Market[171].