JSTI(SZ:300284)2021-04-20 16:00Financial Performance - The company reported a revenue of 971,405,980, with a cash dividend of 1.18 RMB per 10 shares (including tax) to all shareholders[20]. - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year growth of 15%[31]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[31]. - The company's operating revenue for 2020 was ¥5,499,359,958.70, a decrease of 7.84% compared to ¥5,967,186,073.71 in 2019[38]. - The net profit attributable to shareholders for 2020 was ¥388,316,739.34, down 46.34% from ¥723,613,380.32 in 2019[38]. - The net profit after deducting non-recurring gains and losses was ¥346,031,869.13, a decline of 51.59% from ¥714,837,959.27 in 2019[38]. - The gross margin for 2020 was reported at 30%, with efforts to improve this to 35% by optimizing operational efficiency[31]. - The cash dividend for 2020 represents 29.52% of the net profit attributable to ordinary shareholders, which was 388,316,739.34 CNY[161]. - The company achieved a revenue of CNY 5.5 billion in 2020, a decrease of 7.8% compared to the previous year, and a net profit of CNY 390 million, down 46.3% year-on-year[79]. Market Expansion and Strategy - The company is actively expanding its international market presence, particularly after acquiring EPTISA in Spain, leading to an increasing proportion of foreign sales revenue[20]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in international revenue[31]. - The company is pursuing strategic acquisitions and investments to expand into new sectors such as environmental services and smart transportation[17]. - The company aims to enhance its market presence through strategic expansions in engineering consulting and contracting services[51]. - The company has expanded its international presence with subsidiaries in Angola, Malaysia, and Sri Lanka, and formed a strategic alliance with Spain's EPTISA[75]. Risks and Challenges - The company faces risks related to policy changes in infrastructure investment and environmental regulations, which could impact its performance[7]. - The COVID-19 pandemic has adversely affected the company's operations, especially in engineering and overseas business, with ongoing uncertainties regarding its impact[12]. - The company acknowledges the risk of exchange rate fluctuations affecting its consolidated financial results due to increasing international sales[20]. - The company has experienced growth in accounts receivable and contract assets, posing a risk of potential bad debts affecting cash flow[16]. Research and Development - The company is investing RMB 300 million in R&D for new technologies in smart infrastructure over the next three years[31]. - The company has launched 46 research projects, including key technologies for disaster assessment and green technology for underwater tunnels[79]. - The company continues to focus on innovation, having obtained 153 patents in 2020, including 19 invention patents[79]. - The company has committed to improving its research and design capabilities to meet future demands[124]. Acquisitions and Investments - The company has initiated a stock issuance plan to specific targets, which has been approved by the board and requires further regulatory approvals[8]. - The company acquired 83.58% of Xiamen Municipal Engineering Design Institute Co., Ltd. for a total consideration of 15,990.3 million[124]. - The acquisition of 85% of Beijing Zhongtie Ruiwei Foundation Engineering Co., Ltd. was completed, with a total consideration of 3,946 million[124]. - The company acquired 70% equity in Hangzhou Hualong Transportation Survey and Design Co., Ltd. for 36.36 million yuan using raised funds[127]. Corporate Governance and Shareholder Commitments - The company has made a commitment to avoid related party transactions that could harm the interests of the company and its shareholders[174]. - The company’s major shareholders have committed to not transferring shares exceeding 25% of their total holdings during their tenure and for six months after leaving office[173]. - The company has a long-term commitment to avoid competition with its subsidiaries for at least five years following the completion of the transaction[173]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends annually, barring significant investment plans[154]. Operational Efficiency and Management - The company completed IT management system construction with cumulative investment in information systems accounting for over 90% of total IT investment since its listing[84]. - The company launched new customer management, project management, human resources, and financial reimbursement systems, significantly improving organizational management efficiency[84]. - The company’s digital construction capabilities rapidly improved in 2020, with a focus on big data analysis and decision-making capabilities[84]. Awards and Recognition - The company ranked 7th in the "Top 60 Chinese Engineering Design Enterprises" in 2020 and was recognized as the 6th most internationally competitive engineering design enterprise[62]. - The company has been recognized multiple times for its innovation and technology capabilities, including being named a "National Torch Plan Key High-tech Enterprise" in 2006 and 2008[68]. - The company received 40 provincial-level awards, including two first prizes from the China Highway Society Science and Technology Award[79].