Actblue (300816)2020-04-27 16:00Dividend Policy - The company plans to distribute a cash dividend of 2.60 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[4] - The company has established a profit distribution policy, ensuring that cash dividends will not be less than 10% of the distributable profits for the year if profitable[118] - The company plans to distribute at least 20% of the distributable profits as cash dividends in the years following its IPO, provided it meets operational funding needs[124] - The company aims to maintain a cash dividend priority in its profit distribution strategy, ensuring shareholder returns are consistent and stable[125] - The total distributable profit for the year was RMB 209,500,026.01, with the cash dividend accounting for 100% of the profit distribution[126] - The cash dividend for 2019 was the first distribution after a year without dividends in 2018[130] - The company’s cash dividend policy reflects its commitment to returning value to shareholders while managing significant capital expenditures[126] Financial Performance - The company's operating revenue for 2019 was ¥565,979,161.95, representing a 27.12% increase compared to ¥445,249,156.50 in 2018[17] - The net profit attributable to shareholders for 2019 was ¥103,378,091.24, up 24.72% from ¥82,889,503.56 in 2018[17] - The total assets at the end of 2019 reached ¥578,087,117.26, a 29.52% increase from ¥446,329,192.81 at the end of 2018[17] - The revenue from engine exhaust after-treatment accounted for 98.45% of total revenue, with a total of ¥557,207,361.23, up 26.08% from the previous year[48] - The company reported a revenue of 1.2 billion CNY for the fiscal year 2019, representing a year-over-year growth of 15%[135] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the fiscal year, representing a 15% year-over-year growth[137] Research and Development - The company has developed 12 core technologies, with 6 being original innovations, focusing on exhaust after-treatment products[28] - Research and development expenses rose by 41.56% to ¥31,794,026.40, accounting for 5.62% of total operating revenue[56][58] - The company plans to enhance its R&D capabilities by establishing a dedicated R&D center to meet the growing demand for product development and improve product quality[96] - The company is committed to increasing R&D investment in 2020 to improve its technological capabilities and product competitiveness, focusing on optimizing product performance and developing new product varieties[101] - The company plans to invest 100 million RMB in research and development for new technologies over the next three years, focusing on sustainable solutions[195] Market Position and Strategy - The company achieved small-scale supply of diesel engine National VI products and batch supply of gasoline engine National VI products during the reporting period[28] - The company is positioned to leverage its strong R&D capabilities and technical expertise to capitalize on the growing demand for exhaust treatment solutions[86] - The company aims to expand its market presence by targeting non-road mobile machinery and marine sectors, leveraging the increasing regulatory focus on emissions control[95] - The company is expanding its market presence by entering three new provinces, aiming to increase regional sales by 30%[195] - The company plans to enhance its market presence by entering three new provinces in 2020, aiming for a 10% increase in market share[135] Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4] - The company has detailed descriptions of potential risks in the section discussing future development prospects[4] - The company faces risks from raw material price fluctuations, particularly with precious metals like platinum, palladium, and rhodium, which significantly impact production costs and profitability[108] - The company is actively monitoring and adjusting its operations in response to the ongoing pandemic to minimize disruptions[107] Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3] - The company has committed to full legal responsibility for any misleading statements or omissions in the IPO application documents[142] - The company will ensure that its IPO application documents do not contain false records or significant omissions, committing to compensate investors for any losses resulting from violations[140] Shareholder Information - The controlling shareholder, Liu Yi, holds 53.85% of the shares, totaling 32,308,572 shares[178] - The top ten shareholders do not include any shareholders with unrestricted shares, as all are subject to trading restrictions[179] - The total number of ordinary shareholders at the end of the reporting period is 16,641[178] Operational Efficiency - The company emphasizes the importance of management efficiency, focusing on reducing inventory capital occupation and improving capital turnover efficiency[104] - The company plans to address production capacity bottlenecks by optimizing processes and enhancing digital factory construction to improve production efficiency[103] - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in costs over the next year[137] Compliance and Legal Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[153] - The company has complied with environmental protection laws and has not been penalized for violations[171] - The company has not engaged in any related party transactions during the reporting period[156]