Financial Performance - The company's operating revenue for 2020 was approximately ¥379.89 million, representing a 34.30% increase compared to ¥282.87 million in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥97.64 million, a 31.43% increase from ¥74.29 million in 2019[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥83.13 million, up 29.83% from ¥64.03 million in 2019[23]. - The company's total assets at the end of 2020 were approximately ¥369.99 million, reflecting a 38.67% increase from ¥266.82 million at the end of 2019[23]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥279.36 million, a 38.50% increase from ¥201.70 million at the end of 2019[23]. - The basic earnings per share for 2020 were ¥2.39, a 31.32% increase from ¥1.82 in 2019[24]. - The operating cash flow for 2020 was approximately ¥62.10 million, a 27.87% increase from ¥48.57 million in 2019[23]. - The company's operating costs rose to CNY 69.18 million, marking a 50.06% increase from the previous year[84]. - Research and development expenses increased by 21.24% to CNY 80.13 million, indicating a strong focus on product innovation[84]. - The gross margin for the software industry segment was 81.79%, a decrease of 2.28 percentage points compared to the previous year[87]. Research and Development - R&D expenditure accounted for 21.09% of operating revenue, a decrease of 2.27 percentage points[25]. - The company achieved a 21.24% increase in R&D expenses compared to the previous year, totaling approximately ¥80.13 million, driven by increased investment in new products and technologies[56]. - The company launched several new products, including the AI-based attendance system and AI epidemic monitoring system, which received high recognition in industry evaluations[52]. - The company holds 19 patents and 150 software copyrights, reflecting its focus on independent R&D and innovation[37]. - The company has developed a comprehensive digital construction solution, integrating various technologies such as IoT and AI[36]. - The company’s research and development strategy is centered on independent development, supported by industry-academia collaboration, ensuring the continuous launch of competitive innovative products[44]. Market Strategy and Customer Base - The company has a diverse customer base across multiple provinces and cities in China, with a focus on direct sales complemented by a small number of distributor sales[40]. - The company’s sales orders are primarily obtained through public bidding, inquiry, and business negotiations, with a significant emphasis on offline sales and professional promotion[41]. - The company aims to drive the construction industry towards industrialization, intelligence, and smart development through its digital construction products[36]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2022[185]. Risk Management and Compliance - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding future plans and strategies[8]. - The company is facing risks related to reliance on Autodesk's software for its product development, which could impact future R&D if international trade policies change[76]. - The company has committed to strict compliance with corporate governance regulations, ensuring timely and accurate information disclosure and effective internal control systems[118]. - The company will ensure compliance with all obligations and responsibilities outlined in the stock price stabilization plan[129]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of ¥8 per 10 shares, totaling approximately ¥43.50 million, which represents 44.55% of the net profit for the year[7]. - The cash dividend policy was reviewed and approved by the board and independent directors, ensuring transparency and accountability[121]. - The company has established a comprehensive profit distribution policy following its listing, which was approved at the 2020 second extraordinary general meeting[121]. - The company has committed to not using company assets for personal investment unrelated to its duties[132]. Corporate Governance and Structure - The company has established a robust quality management system and has passed ISO9001 certification, ensuring product reliability and stability[68]. - The company has a talent pool of nearly 400 skilled R&D employees with interdisciplinary backgrounds, contributing to its competitive advantage[67]. - The board of directors has four specialized committees to ensure effective governance and decision-making[198]. - The company has no controlling shareholder or actual controller, as stated in the report[172]. Future Outlook - The company expects revenue guidance for the next fiscal year to be between $1.6 billion and $1.8 billion, indicating a potential growth of 7% to 20%[185]. - Future outlook remains positive, with a projected EBITDA margin improvement to 25% by the end of 2021[185]. - The company plans to invest 100 million RMB in marketing to boost brand awareness and customer engagement[186].