MCST(300355)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥2.54 billion, a decrease of 10.87% compared to ¥2.85 billion in 2019[18]. - Net profit attributable to shareholders increased by 280.77% to approximately ¥232.10 million from ¥60.96 million in 2019[18]. - The net profit after deducting non-recurring gains and losses surged by 1,269.92% to approximately ¥176.67 million from ¥12.90 million in 2019[18]. - The basic earnings per share rose by 175.00% to ¥0.11 from ¥0.04 in 2019[18]. - The company's total revenue for 2020 was 2.542 billion yuan, with a net profit of 232 million yuan, representing a year-on-year growth of 280.77%[34]. - The gross profit margin for natural ecosystem protection management was 34.77%, an increase of 5.31% compared to the previous year[60]. - The company reported a net profit of RMB 232.1 million for the year, with a retained distributable profit of RMB 1.699 billion[133]. Assets and Liabilities - Total assets decreased by 5.98% to approximately ¥15.22 billion from ¥16.18 billion at the end of 2019[18]. - Net assets attributable to shareholders increased by 8.09% to approximately ¥4.82 billion from ¥4.46 billion at the end of 2019[18]. - The company reported a decrease in sales expenses by 12.89% to approximately ¥62.72 million in 2020, down from ¥72.00 million in 2019[96]. - The company's net long-term receivables amounted to RMB 6.279 billion, while accounts receivable had a book value of RMB 2.309 billion, indicating potential risks in timely collection[127]. Cash Flow - The company reported a net cash flow from operating activities of approximately -¥436.77 million, a slight improvement of 1.22% compared to -¥442.18 million in 2019[18]. - The total cash and cash equivalents decreased by ¥867.30 million in 2020, a decline of 264.82% compared to an increase of ¥526.22 million in 2019[103]. Research and Development - Research and development investment reached 142 million yuan, an increase of 102.38% year-on-year[34]. - In 2020, the company's R&D expenses increased by 124.16% to approximately ¥122.99 million, compared to ¥54.87 million in 2019[96]. - The total R&D investment reached ¥141.55 million in 2020, representing 5.57% of the company's revenue, a significant increase from 2.45% in 2019[101]. - The number of R&D personnel rose to 140 in 2020, accounting for 14.96% of the total workforce, up from 4.85% in 2019[101]. Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new technologies and products[5]. - The company aims to expand its ecological restoration projects to various regions including Shaanxi, Xinjiang, Qinghai, Sichuan, and Tibet[27]. - The company is focusing on innovative business segments such as mine restoration and ecological big data, aiming for sustainable development[127]. - The company is exploring new business models in collaboration with state-owned enterprises to expand its ecological restoration practices across different provinces[124]. Dividends and Shareholder Information - The board approved a cash dividend of ¥0.22 per 10 shares, with no bonus shares issued[6]. - The company proposed a cash dividend of RMB 0.22 per 10 shares, totaling RMB 35.29 million, which represents 15.21% of the net profit attributable to shareholders[135][136]. - The company has a total of 74,732 shareholders at the end of the reporting period, with no significant changes in the number of shareholders[198]. Environmental Initiatives - The company has cultivated over 200 species of drought-resistant, cold-resistant, and saline-alkali-resistant grass for ecological restoration projects[27]. - The company has completed 35 special R&D projects and undertaken 26 various research projects, including the establishment of a key innovation center for grass seed technology in Inner Mongolia[48]. - The company has applied its ecological seed packages in over 840 ecological restoration projects, covering more than 30 million acres in total[44]. - The company has improved vegetation coverage by 20-30% and grass production by 10-30% in its ecological restoration projects[49]. Contracts and Revenue Recognition - The company signed 101 new engineering construction and operation contracts with a total value of CNY 990.25 million, a decrease of 55.76% from the previous year[61]. - The company confirmed engineering revenue of RMB 186.01 million during the reporting period, with a cumulative total of RMB 10,654.51 million[75]. - The company recognized engineering revenue of RMB 1,138.50 million for the Baotou City project, totaling RMB 11,978.53 million cumulatively[76]. Financial Management and Guarantees - The company has secured multiple guarantees, including a notable 100,000,000.00 million guarantee on November 16, 2018, which was confirmed on November 12, 2020[155]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 36,850 million, with an actual guarantee amount of CNY 51,750 million[172]. - The company is actively managing its financial obligations, with several guarantees set to expire in the coming years, indicating a focus on liquidity management[155]. Corporate Governance and Compliance - The company has maintained compliance with all commitments, with no violations reported as of the end of the reporting period[139]. - The company has not faced any penalties or rectification issues during the reporting period[146]. - The company has not reported any issues or other situations regarding the use and disclosure of fundraising funds[115].