Koal(SH:603232)2021-04-22 16:00Dividend and Share Capital - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling approximately 23.17 million RMB, based on a total share count of 193,101,694 shares as of the end of 2020[5]. - The company intends to increase its share capital by 2 shares for every 10 shares held, resulting in an additional 38,620,339 shares, raising the total share count to 231,722,033 shares[5]. - The company successfully completed a private placement of 20,901,134 A-shares at a price of 30.85 RMB per share, increasing the total share capital from 172,200,560 shares to 193,101,694 shares[10]. - The company’s total registered capital increased to 19,310.1694 million RMB after the fourth extraordinary general meeting of shareholders in 2020[11]. - The total number of shares for which dividends were declared in 2020 was 23,172,203.28, an increase from 21,828,240.00 in 2019[131]. - The company has committed to not transferring or entrusting shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding[133]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends if there are no major capital expenditures[126]. Financial Performance - The company achieved operating revenue of CNY 444.81 million in 2020, representing a year-on-year increase of 20.04%[27]. - The net profit attributable to shareholders of the listed company was CNY 57.08 million, a decrease of 18.55% compared to the previous year[27]. - The cash flow from operating activities increased significantly to CNY 145.98 million, up 77.29% from the previous year[27]. - Total assets reached CNY 1.62 billion at the end of 2020, an increase of 89.93% compared to the end of 2019[27]. - The company's net assets attributable to shareholders increased by 100.26% to CNY 1.33 billion at the end of 2020[27]. - The basic earnings per share decreased by 21.95% to CNY 0.32 in 2020[29]. - The company reported a total profit of CNY 63.99 million in 2020, a decrease of 19.22% from the previous year[36]. - Operating costs increased by 30.01% to CNY 199.65 million, primarily due to business growth and rising costs[72]. Research and Development - R&D expenses amounted to approximately 76.90 million yuan, representing a 25.88% increase compared to 2019[65]. - The company launched multiple new products, including a next-generation identity management platform and a zero-trust security gateway[65]. - The company established two new R&D centers in Beijing and Chengdu, enhancing overall technical capabilities[66]. - The total number of R&D personnel was 525, representing 71.92% of the company's total workforce[85]. Market and Industry Trends - The company focuses on the information security industry, particularly in the PKI field, providing comprehensive security solutions[36]. - The company has seen a 17.1% growth in the cybersecurity industry in China, reaching a market size of CNY 156.36 billion in 2019, with expectations to reach CNY 170.2 billion in 2020[50]. - The cybersecurity industry in China is driven by policy support, demand expansion, and application upgrades, entering a rapid growth phase[48]. - The demand for cloud security solutions is increasing, driven by the migration of infrastructure to cloud environments and new regulatory requirements[103]. Corporate Governance and Compliance - The company emphasizes the importance of compliance and security in response to increasing cybersecurity threats and regulatory requirements[48]. - The company is focusing on enhancing corporate governance and compliance with regulatory requirements[69]. - The company has established a commitment from its actual controllers to avoid any business activities that may compete with the company, ensuring no direct or indirect competition[137]. Shareholder and Ownership Structure - The largest shareholder, Kong Lingang, holds 25,067,885 shares, representing 12.98% of the total shares[200]. - The second-largest shareholder, Lu Haitan, holds 17,307,329 shares, accounting for 8.96% of the total shares[200]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders holding a combined total of 46.71%[200]. - The company has not reported any shares under pledge or freeze conditions for its major shareholders[200]. Future Outlook and Strategy - The company aims to achieve a revenue target of 570 million RMB for 2021[115]. - The company plans to launch new integrated password service platforms and data security protection platforms to meet emerging market demands[109]. - The company is actively exploring the application of new technologies such as big data and artificial intelligence in the cybersecurity field to enhance overall defense capabilities[48]. - The company is transitioning from a product provider to a comprehensive security solution provider to meet evolving customer demands[105]. Financial Products and Investments - The company reported a total of 84,829,000 RMB in bank wealth management products, with an outstanding balance of 74,167,000 RMB and no overdue amounts[160]. - The company has engaged in daily related party transactions, with the execution status of 2019's transactions disclosed in a temporary announcement[156]. - The company has committed to a poverty alleviation project with an investment of 30 million, helping 96 impoverished individuals[174].