保隆科技(603197) - 2020 Q4 - 年度财报

Financial Performance - In 2020, the company achieved a net profit of RMB 183,184,449.58, representing a 6.33% increase compared to RMB 172,278,953.63 in 2019[6] - The operating revenue for 2020 was RMB 3,331,085,104.71, a slight increase of 0.30% from RMB 3,320,964,323.69 in 2019[25] - The net cash flow from operating activities reached RMB 228,794,086.62, up 13.82% from RMB 201,019,284.10 in the previous year[25] - The total assets at the end of 2020 amounted to RMB 3,913,334,784.53, reflecting a 4.34% increase from RMB 3,750,553,501.11 at the end of 2019[28] - The net assets attributable to shareholders of the listed company were RMB 1,150,675,983.99, an increase of 11.15% from RMB 1,035,221,313.88 in 2019[28] - The company reported a net profit excluding non-recurring gains and losses of RMB 185,738,564.65, which is a 21.05% increase from RMB 153,435,434.51 in 2019[25] - Basic earnings per share for 2020 was CNY 1.12, an increase of 6.67% compared to CNY 1.05 in 2019[29] - The net profit attributable to shareholders for Q4 2020 was CNY 42,815,883.42, with a total annual revenue of CNY 1,020,142,468.71 for the same quarter[30] - The weighted average return on equity for 2020 was 16.56%, a decrease of 0.20 percentage points from 2019[29] Dividend and Profit Distribution - The company plans to proceed with a non-public issuance of A-shares, which will be contingent upon the completion of the 2020 profit distribution[6] - The company did not distribute dividends for 2020, prioritizing the non-public issuance of A-shares and future profit distribution plans[6] - The company has not proposed a cash profit distribution plan for the 2020 fiscal year, considering comprehensive factors related to shareholder interests and company development[128] Market and Sales Performance - In 2020, global automotive production and sales were 76.34 million and 76.27 million units, respectively, representing a year-on-year decline of 16.0% and 14.3%[44] - In China, automotive production and sales reached 25.22 million and 25.31 million units in 2020, with year-on-year declines of 1.9% and 1.8%[47] - The sales of commercial vehicles in China increased by 20.0%, while passenger vehicle sales decreased by 5.9%[48] - The sales of new energy vehicles in China reached 1.2421 million units, representing a year-on-year growth of 17.2%[52] - In Europe, new energy vehicle sales surged to 1.2051 million units, a remarkable increase of 122.3% year-on-year[52] - The company's OEM sales revenue is significantly high, primarily serving vehicle manufacturers and tier-one suppliers[42] - The company's sales contracts with OEM customers are generally open contracts, with annual price agreements established[42] Research and Development - The company invested 7.65% of its revenue in R&D in 2020, with over 310 patents held as of December 31, 2020[67] - The company’s R&D focus includes automotive intelligence and lightweight products, with key products such as TPMS and ADAS[39] - The company is focusing on new product development, including lightweight structural components and ADAS, which are gaining market recognition[84] Risk Management - The company has outlined potential risks in its report, advising investors to be cautious regarding future plans and strategies[10] - The company is facing risks from market competition, currency fluctuations, raw material price volatility, and potential declines in market demand due to ongoing global economic uncertainties[119][122] Corporate Governance and Compliance - The company has not faced any risks of suspension or termination of its listing, reflecting a solid compliance status[145] - The company has not disclosed any major related party transactions during the reporting period, suggesting a focus on transparency and governance[149] - The company has maintained a good integrity status for itself and its major stakeholders during the reporting period[146] Shareholder Information - The total number of ordinary shares after the recent changes is 165,133,017, with a decrease of 944,930 shares[166] - The largest shareholder, Chen Hongling, holds 36,802,672 shares, representing 22.29% of the total shares, with 3,870,200 shares pledged[174] - The second-largest shareholder, Zhang Zuqiu, holds 18,963,676 shares, representing 11.48% of the total shares, with 1,200,400 shares pledged[174] - The company has no controlling shareholder, and the actual controllers are Chen Hongling and Zhang Zuqiu, who are also the chairman and general manager respectively[181] Employee and Management Information - The total number of employees in the parent company is 407, while the total number of employees in major subsidiaries is 4,157, resulting in a combined total of 4,564 employees[200] - The total pre-tax remuneration received by the board members during the reporting period amounted to 6,937,000 CNY[187] - The chairman, Chen Hongling, and the vice chairman, Zhang Zuqiu, both received a pre-tax remuneration of 786,100 CNY[187]