CENTER INT(603098)2020-04-29 16:00Financial Performance - The company's operating revenue for 2019 was ¥3,356,560,906.93, representing a 14.51% increase compared to ¥2,931,196,981.56 in 2018[23] - The net profit attributable to shareholders of the listed company was ¥212,537,711.96, a decrease of 3.44% from ¥220,101,652.48 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥198,252,371.25, down 8.07% from ¥215,655,570.15 in 2018[23] - The net cash flow from operating activities reached ¥368,020,654.92, a significant increase of 1,078.41% compared to ¥31,230,191.79 in 2018[23] - Basic earnings per share for 2019 were CNY 0.44, a decrease of 4.35% compared to CNY 0.46 in 2018[26] - The weighted average return on net assets for 2019 was 11.06%, down by 1.40 percentage points from 12.46% in 2018[26] - The net cash flow from operating activities in the fourth quarter of 2019 was approximately CNY 216.84 million, indicating a positive cash flow trend[27] - The company achieved a revenue of 3.357 billion yuan in 2019, representing a year-on-year growth of 14.51%[57] - The net profit attributable to shareholders was 213 million yuan, a decrease of 3.44% compared to the previous year[57] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.5 per 10 shares, totaling ¥72,001,800.00, with a cash dividend payout ratio of 33.88%[6] - The cash dividend per 10 shares was RMB 1.5 in 2019, compared to RMB 1.0 in 2018 and RMB 1.6 in 2017[129] - In 2019, the company distributed cash dividends totaling RMB 72,001,800, which accounted for 33.88% of the net profit attributable to ordinary shareholders[129] Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of 2019 were approximately CNY 2.07 billion, an increase of 11.50% compared to the end of 2018[26] - Total assets at the end of 2019 reached approximately CNY 4.71 billion, reflecting a growth of 30.64% year-on-year[26] - The company’s cash and cash equivalents at the end of 2019 reached CNY 1,060,200,747.41, a 147.34% increase from the previous year[81] - Accounts receivable increased by 45.13% to CNY 1,833,096,657.19, attributed to rapid business growth and increased project settlements[81] - Long-term borrowings rose by 304.83% to CNY 84,532,591.68, primarily due to loans for the 80 plot comprehensive building project[81] Research and Development - Research and development expenses rose to CNY 124,759,624.89, reflecting a 25.56% increase from the previous year[61] - The number of R&D personnel was 209, making up 19.85% of the total workforce[76] - The company holds 38 invention patents, 81 utility model patents, and 9 design patents, with several more patents pending[55] - The company has established a comprehensive independent innovation system to enhance its R&D capabilities and operational service capabilities[55] Market Position and Industry Trends - The company operates in the building metal enclosure industry, providing integrated services from design to installation, and has become a leading provider in the sector[34] - The company operates in the "E Construction Industry" under the "E50 Construction Decoration and Other Construction" category, focusing on the metal enclosure system market[42] - The demand for new wall materials is increasing due to the development of the construction industry and the rising standards for wall materials[42] - The company is positioned to benefit from the growing emphasis on green buildings and sustainable development in the construction industry[42] - The company is focusing on developing energy-saving building materials and technologies to align with national policies promoting green building and energy efficiency[48] Corporate Governance and Compliance - The company has not violated decision-making procedures for providing guarantees[8] - The company has established a transparent investor relations framework to enhance understanding of its development strategy and financial status among investors[177] - The company has committed to not using its assets for unrelated investments or consumption activities, ensuring the protection of shareholder interests[149] - The company has maintained compliance with relevant laws and regulations, ensuring a robust internal control system[177] Strategic Initiatives - The company is preparing for a potential increase in share capital due to convertible bonds entering the conversion period[6] - The company is diversifying into soil remediation and sound barrier businesses to enhance its growth prospects in the green low-carbon industry[48] - The company aims to leverage favorable macro policies and opportunities in the green building sector to strengthen its operational management and innovation capabilities[48] - The company plans to establish the Sente Environmental Fund and sign projects in Beijing and surrounding areas, focusing on soil pollution remediation and expanding into the Jing-Jin-Ji, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area[120] Shareholder Commitments and Stock Management - The company has commitments from major shareholders to not transfer or manage their shares for 36 months post-IPO[132] - Major shareholders are restricted from selling more than 25% of their shares during their tenure and for 6 months after leaving their positions[135] - The company has a plan to stabilize its stock price through share buybacks if certain conditions are met, including a continuous drop in stock price[137] - The company reported a commitment to avoid competition with similar businesses, ensuring long-term stability and development[140] Legal and Regulatory Matters - There are no significant litigation or arbitration matters reported for the year, indicating a stable legal standing[156] - The company has not faced any risks of suspension or termination of listing during the reporting period, reflecting a solid compliance status[154] - The company has successfully executed all court judgments related to its lawsuits, ensuring the collection of owed amounts[158]