CENTER INT(603098)2021-04-29 16:00Financial Performance - The company reported a total profit available for distribution to shareholders of RMB 182,467,452.15 as of December 31, 2020[6]. - The proposed cash dividend is RMB 1.1 per 10 shares, totaling RMB 58,158,327.81 to be distributed to shareholders[6]. - The company's operating revenue for 2020 was CNY 3,152,519,439.70, a decrease of 6.08% compared to CNY 3,356,560,906.93 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 182,467,452.15, down 14.15% from CNY 212,537,711.96 in 2019[25]. - The net cash flow from operating activities decreased significantly by 85.03% to CNY 55,085,910.88 in 2020 from CNY 368,020,654.92 in 2019[25]. - The basic earnings per share for 2020 was CNY 0.38, a decrease of 13.64% from CNY 0.44 in 2019[25]. - The weighted average return on equity for 2020 was 8.77%, down 2.29 percentage points from 11.06% in 2019[25]. - The company’s operating cash flow net amount was CNY 55 million, a decrease of 85.03% compared to the previous year[63]. - The company achieved operating revenue of CNY 3.15 billion, a year-on-year decrease of 6.08%[63]. - The net profit attributable to shareholders was CNY 182 million, down 14.15% year-on-year[63]. Shareholder Information - The total share capital of the company as of April 14, 2021, is 528,712,071 shares[6]. - The total number of ordinary shareholders as of the end of the reporting period is 13,565, a decrease from 24,922 at the end of the previous month[197]. - The total number of ordinary shares is 480,012,000, with 480,019,842 shares including other types[196]. - The largest shareholder, Liu Aisen, holds 170,027,820 shares, representing 35.42% of the total shares[197]. - The second largest shareholder, Huayong Investment Group, has 54,367,200 shares, accounting for 11.33%[197]. - The top ten shareholders hold a significant portion of the shares, with the top three alone accounting for over 60%[197]. - Liu Aisen's shares are pledged, with 15,000,000 shares under pledge[197]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the accuracy of the annual report[5]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the financial report[4]. - The internal control audit was conducted by Rongcheng Accounting Firm, with a fee of 300,000.00[152]. - The company has appointed Rongcheng Accounting Firm for the 2020 audit, with a remuneration of 1,000,000.00[154]. - The company has not faced any risks of suspension or termination of listing during the reporting period[156]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[7]. - The report includes a detailed description of potential risks that the company may face in future development[10]. - The company faces risks related to macroeconomic fluctuations, which could impact fixed asset investment and project timelines[133]. - The company is exposed to raw material price volatility, particularly for steel and aluminum, which could adversely affect profitability if prices rise significantly[133]. - Labor cost increases due to demographic changes and economic conditions pose a risk to the company's procurement costs and profitability[133]. - The company is monitoring the ongoing pandemic situation, which could affect production and operations if conditions worsen[133]. - The company has implemented measures to mitigate raw material price risks, including long-term contracts with suppliers and refined management practices[133]. Business Operations and Strategy - The company focuses on the research, production, and sales of green, environmentally friendly, and energy-saving new building materials, primarily in the metal enclosure system engineering sector[35]. - The main products include metal composite curtain wall panels and sound barrier boards, with applications in various industries such as automotive, metallurgy, and public buildings[35]. - The company has established itself as a leading integrated service provider in the metal enclosure system industry, with a significant emphasis on technological research and development[35]. - The company has partnered with German companies to enhance its soil remediation business, introducing advanced technologies for soil restoration[35]. - The company has adopted a strategy of "investment introduction, domestic transformation, and innovation enhancement" to improve soil remediation effectiveness and reduce costs[35]. - The company’s business model includes both engineering and product sales, allowing for direct engagement with project owners and general contractors[35]. - The company is actively involved in the development of new composite materials that reduce costs while maintaining performance standards[44]. - The company is positioned to benefit from government policies promoting green building materials and sustainable construction practices[44]. - The company is committed to enhancing its production processes to meet the increasing demand for high-quality wall materials[44]. - The company is engaged in the production of energy-saving building materials and the development of energy-saving production technologies, contributing to the green building sector[50]. - The company aims to leverage favorable macro policies and opportunities in the green building sector to enhance its operational management and technology innovation[50]. Project Management and Achievements - The company has established itself as a leading enterprise in the metal enclosure industry for industrial and public buildings, with 25 branches domestically and internationally[53]. - Major projects completed include Beijing Daxing International Airport and Tianjin National Convention Center, with significant contributions to high-end markets such as automotive and electronics[53]. - In 2020, the company was awarded the highest honor in the Chinese construction industry, the Luban Award, for its projects at Beijing Daxing International Airport and Shenzhen International Convention Center[53]. - The company has successfully undertaken major projects such as Xiong'an High-speed Railway Station and Huachen BMW factories, showcasing its project execution capabilities[53]. - The company has a strong talent pool with 65 first-level registered constructors and 34 second-level registered constructors, enhancing its project management capabilities[53]. - The company has formed strategic partnerships with universities for research and development in soil pollution remediation and high-end metal materials, enhancing its technological capabilities[53]. Environmental and Social Responsibility - The company donated 2 million yuan to support frontline pandemic prevention efforts, including purchasing essential protective equipment[177]. - The company has maintained a strict adherence to labor laws and actively engaged in employee welfare and training programs[174]. - The company has established a union to enhance employee satisfaction and promote a family-like corporate culture[174]. - The company is involved in various environmental protection services, including soil pollution remediation and environmental monitoring, which are critical in the current regulatory landscape[120]. - The company aims to strengthen its environmental protection business, focusing on noise control and soil remediation, with continuous investment in talent, technology, and equipment[127]. Future Outlook and Market Trends - The construction industry in China saw a value increase of 3.5%, with the total value reaching 72,996 billion yuan[41]. - The market for logistics warehousing and transfer centers is expected to grow significantly, driven by stable investment in transportation and postal services[35]. - The company recognizes the significant potential in the soil remediation market, which currently accounts for only 1%-2% of the total environmental protection industry output value in China[126]. - The company plans to actively promote the development and application of Building-Integrated Photovoltaics (BIPV), targeting public and industrial building rooftops as key growth areas[130]. - The company is strategically positioned to capitalize on the "Belt and Road" initiative, expanding its presence in overseas markets for building metal enclosure systems[127].