Chahua Modern Housewares Co.Ltd(603615)
Summary of 2020 Annual Report
(Revised)
I. important note 1 the summary of this annual report is from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report on the website of Shanghai Stock Exchange and other media designated by the CSRC. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 Dahua Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period reviewed by the board of directors
Audited by Dahua Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the listed company in the consolidated statements of the company in 2020 was 4067955090 yuan, and the net profit of the parent company in 2020 was 106775987 yuan. According to the relevant provisions of the company law and the articles of association, after withdrawing 10% of the statutory surplus reserve of 10677599 yuan based on the net profit of the parent company, the distributable profit of the current year is 96098388 yuan, plus the undistributed profit of 2828133509 yuan at the beginning of the year, deducting the distributed cash dividend of 14673000000 yuan in 2019, and the actual profit available for distribution to shareholders at the end of 2020 is 13704421897 yuan.
The company's profit distribution plan for 2020 is: it plans to distribute a cash dividend of 1.50 yuan (including tax) to all shareholders for every 10 shares based on the total share capital registered on the date of equity distribution, and the remaining undistributed profits will be carried forward to the following years. No share offering and capital reserve conversion to share capital will be implemented in this year. II. Basic information of the company 1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Chahua Modern Housewares Co.Ltd(603615) Chahua Modern Housewares Co.Ltd(603615) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name Weng Linyan Lin Peng
Office address: No. 168, Jiaokeng Road, Gushan Town, Jin'an District, Fuzhou City, Fujian Province
Tel: 059183961565
E-mail Chahua Modern Housewares Co.Ltd(603615) @chahuajj.com. Chahua Modern Housewares Co.Ltd(603615) @chahuajj.com.
2. Introduction to the company's main business in the reporting period
(I) main business
Since its establishment, the company has been focusing on the R & D, production and sales of household products dominated by daily plastic products. The company has a complete range of products and rich styles, basically covering all household related daily products, forming a product system of more than 1000 single products, which has become a solid foundation for the company to build competitive advantage and implement brand operation.
During the reporting period, there was no significant change in the company's main business and main products.
(II) business model
1. Procurement mode. The materials to be purchased for the production of the company include PP, PE, PS, PC, ABS, paper cup paper and other main raw materials, as well as accessories such as glass accessories, inner tank accessories, steel parts and stainless steel parts, as well as packaging materials such as cartons, paper cards, self-adhesive, color pictures and so on. The company formulates the production plan according to the product sales, and then formulates the purchase plan according to the production plan. In order to ensure the continuous and stable production, the company sets the minimum inventory of each raw material according to the actual situation. After years of development, the company has established a complete supplier management mechanism and supplier resource database to ensure the quality and delivery time of procurement.
2. Production mode. The company formulates the sales plan of the current year every year according to the sales situation of the previous year and the sales target of the current year, arranges the production plan according to the sales plan, and makes appropriate adjustments to the monthly production plan according to the production and sales situation of the previous month and the sales plan of the next month, so as to basically achieve balanced production according to the plan. In view of the characteristics of the company's wide range of products, the company makes reasonable and effective arrangements for the production line. Through the switching of molds, one production line can produce different kinds of products. A team has the ability to produce multiple products, effectively makes use of the capacity gap and improves the production efficiency.
3. Sales model. The company's product sales are mainly based on the distribution mode, supplemented by the direct operation of supermarkets and e-commerce.
(1) Distribution mode: the company's dealers are divided into provincial dealers and prefecture level dealers. The company's provincial dealers mainly adopt the franchise mode. Usually, a provincial dealer in each province is responsible for the franchise sales of the company's products. In addition to selling the company's products, the dealer does not engage in the sales of similar products of other brands or other business activities. At the same time, the company continues to strengthen the sinking of channels and refine the sales areas of some provincial dealers. Now it has adopted the model of prefecture level dealers in Fujian, Zhejiang, Liaoning, Shanxi, Ningxia, Inner Mongolia, Hebei, Henan, Sichuan, Anhui and other provinces.
(2) Direct business of supermarkets: it is mainly aimed at large-scale supermarkets. At present, the company's direct business customers are mainly Wal Mart Supermarkets with unified national general warehouse distribution, Yonghui Superstores Co.Ltd(601933) Fujian region, Zhejiang Lianhua system and East China RT mart system. The above-mentioned supermarkets either adopt national general warehouse distribution or geographical relations to facilitate the unified management of the company.
(3) E-commerce: products are mainly sold on large online shopping platforms such as tmall, Taobao, jd.com and Suning through self-operation or distribution.
(III) industry description
According to the industrial classification of national economy, the company belongs to the plastic products industry in the manufacturing industry (daily plastic manufacturing); According to the industry classification guidelines for listed companies, the company belongs to the rubber and plastic products industry in the manufacturing industry (chemical industry).
At present, the market of household plastic products industry is relatively scattered, and the market share of each enterprise is very limited. Foreign brands are mainly international well-known enterprises such as Tupperware and lekou lekou, and their products are mainly concentrated in food containers at present; Chinese brands are mainly Chinese well-known brand enterprises such as our company, longstar, xitianlong and Meiliya; In addition, there are many small and medium-sized enterprises and other family workshop manufacturers.
3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20202019 year over year 2018
Increase or decrease (%)
Total assets 1470 Yueyang Forest & Paper Co.Ltd(600963) 82156015028255 -5.74146351770716
Operating income 6898924174778666500092 -12.3076255740677
The net profit attributable to the listed company's shares 4067955090 Bloomage Biotechnology Corporation Limited(688363) 5495 -40.906838193792 belongs to the listed company's shares
East's net profit after deducting non recurring 37945528706489772843 -41.536433532731 profits and losses
Net assets attributable to listed company shares 128292476948137731499524 -6.85134676193361 East
Net cash flow from operating activities: 171235667, 13974465970 -98.77, 9778280899
Basic earnings per share (RMB 0.17, 0.29 -41.38, 0.28 / share)
Diluted earnings per share (RMB 0.17 0.28 - 39.29 0.28 / share)
Weighted average net assets closed at 3.10 5.09, decreased by 1.99 percentage points and 5.13 profit rate (%)
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
From June to April
Operating income 11610830788173953639821801263544621970411531
69469915611928451510049911291175780290 net profit attributable to shareholders of listed company
Net profit after deducting non recurring profit and loss: 6012133121102163504965167901112 Xiamen Xgma Machinery Company Limited(600815) 3
Net cash flow from operating activities -16274781432760261538 -535356001 -426191727
Description of differences between quarterly data and disclosed periodic report data
□ applicable √ not applicable
4. Share capital and shareholders
4.1 number of ordinary shareholders and preferred shareholders whose voting rights have been restored and shareholding of the top 10 shareholders
Unit: shares
As of the end of the reporting period, the total number of ordinary shareholders (households) was 17640
The total number of ordinary shareholders (households) at the end of the previous month before the disclosure date of the annual report is 16513
Shareholding of top 10 shareholders
Holding pledge or freezing
Limited
Name of shareholder increase proportion of shares held at the end of the reporting period decrease (%) number of shares nature of shares status of selling shareholder (full name)
quantity
Chen guanyu-67846786106211124.97 0 pledge 18.5 million domestic
