Annual Report 2019 广东科达洁能股份有限公司 KEDA CLEAN ENERGY CO., LTD
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annual report 2019 广东科达洁能股份有限公司 KEDA CLEAN ENERGY CO., LTD. CONTENTS Section I Definitions . 1 Section II Profile and Main Financial Indicators . 3 Section III Business Overview of the Company . 6 Section IV Discussion and Analysis of Operation . 11 Section V Important Matters . 27 Section VI Common Share Changes and Shareholders’ Information . 30 Section VII Directors, Supervisors, Senior Managers and Employees . 33 Section VIII Financial Report . 37 Section I Definitions KEDA I. Definitions In the Report, unless otherwise designated literally, the following terms shall have the following meanings: Definitions of common terms Company, the Company, indicates KEDA Clean Energy Co ., Ltd . Keda Clean Energy KEDA (Anhui) Industrial indicates KEDA (Anhui) Industrial Co ., Ltd . Anhui KEDA Clean Energy indicates Anhui KEDA Clean Energy Co ., Ltd . KEDA Hong Kong indicates KEDA Industrial (Hong Kong) Limited Henglitai Company indicates Foshan Henglitai Machinery Co ., Ltd . Suremaker Company indicates Wuhu KEDA Suremaker Co ., Ltd . KEDA Hydraulics indicates Foshan KEDA Hydraulic Machinery Co .,Ltd . Anhui Xincheng Investment indicates Anhui Xincheng Investment Co ., Ltd . Anhui Xingcheng Financial indicates Anhui Xincheng Financial And Leasing Co ., Ltd . Guangdong Xincheng indicates Guangdong Xincheng Financial And Leasing Co ., Ltd . Financial Xincheng International indicates Xincheng International (Hong Kong) Co .,Limited Changsha Aer indicates Changsha Aer Compressor Co ., Ltd . Anhui Hudu KEDA indicates Anhui Hudu KEDA Fluid Machinery Co ., Ltd . KEDA Dongda indicates Henan KDNEUInternational Engineering Co ., Ltd . Dongda Science and Northeast University Science & Technology Industrial Group indicates Technology Co ., Ltd . KEDA (Shenyang) Clean indicates KEDA (Shenyang) Clean Energy Gas Co ., Ltd . Energy Zhuolitai Company indicates Foshan Zhuolitai Machinery Co ., Ltd . Jiangsu Kehang indicates Jiangsu Kehang Environmental Protection Technology Co ., Ltd . Ningxia Kehang indicates Ningxia Kehang Environmental Protection Engineering Co ., Ltd . Anhui New Material indicates Keda (Anhui) New Material Co ., Ltd . Zhangzhou Grande indicates Zhangzhou GrandeGraphite Co ., Ltd . Guangxing Lithium Battery indicates Sichuan Guangxing Lithium Battery Technology Co ., Ltd . New Energy Automobile indicates KEDA (Anhui) New Energy Automobile Sales Co ., Ltd . Company KEDA (Anhui)Huadong New Energy Automobile Travel Service Huadong Travel indicates Co ., Ltd . Ceramic Technology indicates Foshan KEDA Ceramic Technology Co ., Ltd . KEDA Electricity indicates Anhui KEDA Electricity Co ., Ltd . Keneng Electricity indicates Anhui KEDA Keneng Electricity Co ., Ltd . Anqing Binjiang Energy indicates Anqing Binjiang Energy Co ., Ltd . DLT Company indicates Foshan DLT Technology Limited Guangzhou Sunda indicates Guangzhou Sunda International Trading Co ., Ltd . Qinghai KEDA Lithium Industry indicates Qinghai KEDA Lithium Industry Co ., Ltd . Qinghai Weili indicates Qinghai Weili New Energy Material Co ., Ltd . Lanke Lithium Industry indicates Qinghai Salt Lake Fozhao Lanke Lithium Industry Co ., Ltd . Shunde KEDA Clean Energy indicates Guangdong Shunde KEDA Clean Energy Co ., Ltd . Suqian Weidao indicates Suqian Weidao New Energy Technology Co ., Ltd . Annual Report 2019 1 KEDA Section I Definitions Definitions of common terms Sichuan New Material indicates KEDA (Sichuan) New Material Co ., Ltd . KEDA Trade indicates Foshan KEDA Trade Co ., Ltd Guangdong KEDA Smart indicates Guangdong KEDA Smart Energy Technology Co ., Ltd Energy Anhui Keqing indicates Anhui Keqing Environmental Engineering Co ., Ltd . Keda Holding indicates Keda Holding (Mauritius) Limited Brightstar indicates Brightstar Investment Limited Tilemaster indicates Tilemaster Investment Limited Keda Turkey indicates Keda Turkey Makine Ticaret Limited Sirketi Keda Kenya indicates Keda (Kenya) Ceramics Company Limited Keda Ghana indicates Keda (Ghana) Ceramics Company Limited Keda Tanzania indicates Keda (Tanzania) Ceramics Company Limited Twyford Senegal indicates Twyford (SN) Ceramics Limited Welko indicates I .C .F .& Welko S .p .A . Keda Europe indicates Keda Europe S .r .l . SRC, CSRC indicates China Securities Regulatory Commission Zhongxi CPA Firm indicates Zhongxi CPA Firm (Special Ordinary Partnership) Yuan, Ten Thousand Yuan, indicates CNY Yuan, CNY Ten Thousand Yuan, CNY 100 Million Yuan 100 Million Yuan “Sincere Ahead, innovation supreme” 27th anniversary ceremony of KEDA Clean Energy Co .,Ltd . 2 Annual Report 2019 Section II Profile and Main Financial Indicators KEDA I. Company Information Chinese Name 广东科达洁能股份有限公司 Abbreviated Chinese Name 科达洁能 English Name Keda Clean Energy Co .,Ltd . Abbreviated English Name KEDA Legal Representative Yang Xuexian II. Contacts and Contact Information Secretary of the Board of Directors Securities Representative Name Ekin Li Feng Xin No . 1, Huanzhen West Road, Guanglong No . 1, Huanzhen West Road, Guanglong Contact Address Industrial Park, Chencun Town, Shunde Industrial Park, Chencun Town, Shunde District, Foshan City, Guangdong Province District, Foshan City, Guangdong Province Tel . 0757-23833869 0757-2383869 E-mail 600499@kedachina .com .cn 600499@kedachina .com .cn III. Basic Information No . 1, Huanzhen West Road, Guanglong Industrial Park, Chencun Town, Registered address Shunde District, Foshan City, Guangdong Province Postal code of registered address 528313 No . 1, Huanzhen West Road, Guanglong Industrial Park, Chencun Town, Business address Shunde District, Foshan City, Guangdong Province Postal code of business address 528313 Website http://www .kedachina .com .cn E-mail 600499@kedachina .com .cn IV. Information Disclosure and Storage Location Selected Information Disclosure Media China Securities Journal, Securities Times, Shanghai Securities News Website designated by CSRC for www .sse .com .cn publishing the Annual Report Storage location of the Annual Report The company, Shanghai Stock Exchange V. Stock Overview of the Company Stock Overview Type of Stock Abbreviated stock Listed stock exchange Abbreviated stock name Stock code name before change A-stock Shanghai Stock Exchange Keda Clean Energy 600499 KEDA Industrial VI. Other Relevant Information Name Zhongxi CPA Firm (Special Ordinary Partnership) Floor 11, Block A, Xincheng Culture Building, No . 11 Accounting Firm Engaged by Business address Chongwenmenwai Street, Beijing the Company (Domestic) Name of Signatory Wang Huishuan, Song Zhigang Accountant Name Zhong De Securities Company Limited 22/F Germany Building, Huamao Center, No . 81 Sponsor institution performing Business address Jianguo Road, Chaoyang District, Beijing, China continuous supervision during Name of Signed sponsor the reporting period Song Wanrong, Pandeng representative Supervision duration From November 30, 2017 to June 28, 2019 Annual Report 2019 3 KEDA Section II Profile and Main Financial Indicators Name China Merchants Securities Co ., Ltd No . 111, Fuhuayi Road, Futian Street, Futian District, Business address Sponsor institution performing Shenzhen continuous supervision during Name of Signed sponsor Sheng Peifeng, Du Yuancan the reporting period representative May 13, 2019 to the completion of the use of funds Supervision duration raised from the non-public offering in 2017 VII. Main Accounting Data and Financial Indicators of Last Three Years (I) Main accounting data Unit: Ten thousand Yuan, Currency: CNY Year-on-year Main accounting data 2019 2018 increase or 2017 decrease (%) Operating revenue 642,242 .33 607,083 .82 5 .79 572,851 .36 Net profit attributed to shareholders of 11,933 .66 -58,857 .86 Not applicable 47,889 .13 the listed company Net profit attributed to shareholders of the listed company after deducing non- 6,615 .06 -69,819 .36 Not applicable 30,017 .13 recurring gains and losses Net cash flows from operating activities 59,383 .31 5,617 .07 957 .19 -25,596 .46 Year-on-year By end of By end of By end of increase or 2019 2018 2017 decrease (%) Net profit attributed to shareholders of 465,073 .69 465,841 .48 -0 .16 543,801 .60 the listed company Total Assets 1,288,126 .96 1,218,812 .14 5 .69 1,225,075 .77 (II) Main financial indicators Year-on-year Main financial index 2019 2018 increase or 2017 decrease (%) Basic earnings per share (yuan/share) 0 .078 -0 .374 Not applicable 0 .336 Diluted earnings per share (yuan/share) 0 .078 -0 .374 Not applicable 0 .336 Basic earnings per share after deducing non-recurring 0 .043 -0 .443 Not applicable 0 .211 gains and losses (yuan/share) Weighted ROE (%) 2 .59 -11 .56 Not applicable 11 .27 Weighted ROE after deducing non-recurring gains and 1 .44 -13 .72 Not applicable 7 .07 losses (%) VIII. 2019 Main Financial Data by Quarter Unit: Ten thousand Yuan, Currency: CNY Quarter 1 Quarter 3 Quarter 4 Quarter 2 (January- (July- (October- (April-June) March) September) December) Operating revenue 173,237 .68 150,794 .93 145,612 .96 172,596 .76 Net profit attributed to shareholders of 11,741 .95 9,421 .20 3,649 .08 -12,878 .57 the listed company Net profit attributable to shareholders of the listed company after deducing 10,323 .80 8,751 .57 1,913 .77 -14,374 .07 non-recurring gains and losses . Net cash flows from operating activities 10,983 .05 9,628 .33 -9,264 .74 48,036 .67 4 Annual Report 2019 Section II Profile and Main Financial Indicators KEDA Global Footprint of KEDA IX. Item and amount of non-recurring profits and losses Currency: CNY Unit: Yuan Notes Amount in Amount in Amount in Non-recurring profits and losses items (if 2019