Teamsun(600410)2021-04-21 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 131,492,398.69 in 2020, with an undistributed profit of RMB 1,113,145,205.06 at year-end[7]. - The company's operating revenue for 2020 was CNY 3,901,169,825.50, a decrease of 14.73% compared to CNY 4,575,030,442.22 in 2019[30]. - The net profit attributable to shareholders for 2020 was CNY 131,492,398.69, down 19.83% from CNY 164,023,084.37 in 2019[30]. - The basic earnings per share for 2020 were CNY 0.1197, down 19.83% from CNY 0.1493 in 2019[30]. - The company reported a profit of 27.38 million RMB in 2020, compared to 32.89 million RMB in 2019, indicating a decrease in profit year-over-year[178]. - The company reported a retained earnings balance of RMB 1,113,145,205.06 at the end of 2020[174]. - The company achieved a total revenue of approximately 3.85 billion CNY in 2020, with cloud computing business revenue around 800 million CNY[82]. - The overall gross margin decreased by 4.18 percentage points to 13.70% compared to the previous year[122]. Dividend Distribution - The proposed cash dividend distribution is RMB 0.25 per 10 shares, totaling RMB 27,384,867.08 to be distributed to shareholders[7]. - The company has a cash dividend policy that aims for a minimum of 10% of the distributable profit to be distributed annually[173]. - The company has a cash dividend policy that prioritizes stability and continuity, with a focus on long-term shareholder value[173]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and potential operational risks[8]. - The company’s future development discussions highlight potential risks that investors should be aware of[9]. - The company has identified potential risks including industry policy changes, technology misalignment, and talent retention challenges[165][167]. Audit and Compliance - The company’s financial report has been audited and received a standard unqualified opinion from the accounting firm[6]. - The company’s management has confirmed the accuracy and completeness of the financial report[6]. - The company has not disclosed any significant changes in its accounting policies or estimates during the reporting period[182]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[183]. Investments and Partnerships - The company has invested in various sectors including cloud computing, IoT, and industry applications, enhancing its core competitiveness and market position[61]. - The company directly holds 9.92% of Tai Ling Microelectronics, a leading domestic IoT chip company, which has been recognized for its innovation in the Bluetooth low-power chip sector[62]. - The company holds a 31.76% stake in Beijing Shenzhou Cloud Motion Technology Co., focusing on CRM software cloud service solutions, with notable clients including JD Technology and Tencent Cloud[63]. - The company has established partnerships with over 50 top global partners, including AWS and Huawei, to enhance its cloud computing and IT service capabilities[77]. - The company has actively pursued strategic partnerships with public cloud giants to expand its cloud computing market presence[162]. Research and Development - Research and development expenses increased by 9.53% to ¥123,888,640.11, representing 6.08% of total revenue[130][133]. - The company maintained a stable R&D investment, totaling approximately ¥237.32 million, focusing on cloud computing and big data software[134]. - The company plans to enhance its core competitiveness by increasing investment in research and development, ensuring a solid technological barrier[160]. Market Trends and Future Outlook - The cloud computing market in China is expected to exceed CNY 230 billion by 2023, indicating strong growth potential for the industry[40]. - The company anticipates accelerated development in the cloud computing and trusted innovation industries over the next three to five years due to government support and policy emphasis[41]. - The global CRM market is projected to grow from 81.9 billion by 2025, highlighting significant growth potential for CloudCC CRM in China[98]. - The company aims to achieve a long-term goal of "100 years of Huasheng, 100 billion Tiancheng" while focusing on the trillion market of industrial upgrades and transformations[158]. Emergency Management Solutions - The emergency command center utilizes advanced technologies such as AI and big data to enhance public safety and disaster response capabilities[50]. - The emergency command and dispatch platform integrates communication systems for real-time information sharing during emergencies, improving response efficiency[51]. - The data governance platform consolidates emergency data resources, enhancing monitoring and decision-making capabilities[52]. - The company has established a comprehensive emergency management service covering five levels of government, including provincial and county levels, focusing on various emergency scenarios such as urban safety and forest fire prevention[88]. Financial Health - The asset-liability ratio improved from 44.77% in the previous year to 40.24% at the end of the reporting period, indicating enhanced solvency[112]. - The company’s cash and cash equivalents at the end of the reporting period amounted to RMB 31.07 million, primarily restricted as collateral[144]. - The company has completed the SPAC transaction with GD Company, resulting in a pre-tax investment income of approximately RMB 983 million, accounting for 140% of the company's total profit[149].