Sunrise Company(002752)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was ¥2,903,006,464.58, representing a 13.87% increase compared to ¥2,549,482,502.25 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥13,641,235.17, a decrease of 74.48% from ¥53,455,695.21 in 2019[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,628,468.10, down 55.79% from ¥12,730,744.30 in 2019[6]. - The net cash flow from operating activities increased by 38.39% to ¥430,149,916.87 from ¥310,827,407.41 in 2019[6]. - The total assets at the end of 2020 were ¥4,773,049,115.46, a 1.31% increase from ¥4,711,344,607.49 at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were ¥1,819,677,242.91, a decrease of 0.92% from ¥1,836,594,873.68 at the end of 2019[6]. - The company achieved operating revenue of 2.903 billion yuan, a year-on-year increase of 13.87%, while net profit attributable to shareholders decreased by 74.48% to 13.6412 million yuan due to the impact of COVID-19 and impairment of goodwill[45]. - In the second half of 2020, the company’s operating revenue reached 1.925 billion yuan, a year-on-year increase of 22.38%, and net profit attributable to shareholders was 55.1729 million yuan, 2.3 times that of the same period last year[46]. Dividend Policy - The company reported a cash dividend of 0.10 RMB per 10 shares, totaling approximately 97.69 million RMB based on a total share base of 976,918,468 shares[4]. - The proposed cash dividend for 2020 is RMB 0.10 per 10 shares, amounting to RMB 9,769,184.68, based on a total share capital of 976,918,468 shares[125]. - The cash dividend for 2020 represents 11.69% of the company's distributable profits of RMB 83,568,750.13[127]. - The cash dividends paid in 2020 accounted for 71.62% of the net profit attributable to ordinary shareholders[124]. - The company has a three-year dividend return plan (2019-2021) to balance immediate and long-term shareholder interests[127]. Strategic Partnerships and Market Position - The company maintains long-term strategic partnerships with major clients, enhancing customer dependency through integrated services[24]. - The company has established strategic partnerships with major clients in the food and beverage industry, ensuring sustainable performance[29]. - The company is a leading domestic metal packaging service provider, focusing on high-end metal packaging and expanding its filling business[30]. - The company has established several new subsidiaries during the reporting period, which are still in the setup phase and do not significantly impact overall operations and performance[105]. Acquisitions and Investments - The company initiated the acquisition of the Dalian Pacific Can factory for 171 million yuan to enhance its two-piece can production capacity, which is expected to improve competitiveness and profitability[50]. - The company has completed the acquisition of six packaging companies, including Pacific Cans (Zhangzhou) and Pacific Cans (Shenyang), enhancing its market presence[134]. - The acquisition of Pacific Group's subsidiaries, including Beijing, Shenyang, Qingdao, and Zhaoqing companies, is aimed at resolving industry competition issues within 36 months post-acquisition[129]. - The company acquired 100% equity of Pacific Cans (Shenyang) Co., Ltd. for 171 million, which has now become a wholly-owned subsidiary[162]. Research and Development - Research and development expenses increased by 125.16% to ¥22,010,545.22, driven by increased investment in innovation and technology[74]. - The number of R&D personnel rose by 77.01% to 154, representing 5.79% of the total workforce[75]. - The company registered 134 patents by the end of the reporting period, including 21 design patents, 109 utility model patents, and 4 invention patents[56]. Environmental Responsibility - The company has established a wastewater treatment facility with a daily capacity of 600 tons to ensure compliance with environmental standards[195]. - The company utilizes advanced pollution control measures such as RTO (Regenerative Thermal Oxidizer) systems to treat VOCs and other emissions before discharge[194]. - The company has implemented online monitoring systems for both wastewater and air emissions, ensuring real-time compliance with environmental regulations[195]. - The company has received no penalties for exceeding pollution discharge limits in the reporting period[194]. Legal and Compliance - The company has not engaged in any securities or derivative investments during the reporting period[98][99]. - The company has not faced any bankruptcy reorganization matters during the reporting period[144]. - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[141]. - The company has not reported any significant new product developments or technological advancements in the reporting period[149]. Operational Efficiency - The company has implemented a comprehensive quality control system, ensuring high standards for food contact packaging materials[36]. - The company is focusing on smart packaging development, leveraging new technologies like QR codes and big data to enhance product functionality and value[42]. - The company aims to enhance its core competitiveness by leveraging IoT technology and big data to develop "smart packaging" solutions, targeting the food and beverage sectors[108].