BROADV(688004)2021-04-19 16:00Financial Performance - The company's operating revenue for 2020 was CNY 287.87 million, representing a year-on-year increase of 4.83%[24]. - The net profit attributable to shareholders decreased by 8.81% to CNY 46.43 million, while the net profit after deducting non-recurring gains and losses fell by 7.86% to CNY 42.38 million[24][26]. - The net cash flow from operating activities decreased by 33.60% to CNY 26.52 million, primarily due to increased cash payments for goods and services and delayed customer payments[26]. - Basic and diluted earnings per share decreased by 22.50% to CNY 0.93, attributed to an increase in share capital from the initial public offering[26]. - The company's total assets increased by 76.06% to CNY 800.94 million, while net assets attributable to shareholders rose by 130.85% to CNY 712.74 million[24]. - The company's gross profit margin has declined compared to the previous year, attributed to increased R&D investments[103]. - The company achieved a revenue of 287.87 million RMB, representing a year-on-year growth of 4.83%[103]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, decreased by 7.86% compared to the previous year[103]. - Cash and cash equivalents increased by 261.43% to 459.69 million RMB due to the completion of the initial public offering and listing on the Sci-Tech Innovation Board[96]. Dividend Policy - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 14,200,000 based on a total share capital of 56,800,000 shares as of December 31, 2020, resulting in a cash dividend payout ratio of 30.59%[7]. - The company has established a cash dividend policy, ensuring that at least 30% of the average distributable profit over three consecutive years is distributed in cash[160]. - The company will not conduct capital reserve transfers or issue bonus shares in the current dividend distribution plan[161]. - The company will only distribute cash dividends if it has positive distributable profits and meets specific conditions, such as not exceeding a 60% debt-to-asset ratio[160]. - The company's cash dividend distribution is prioritized over stock dividends when conditions are met[159]. Risk Management - The company has outlined various operational risks and corresponding mitigation strategies in the report, emphasizing the importance of risk management[4]. - The report includes a forward-looking statement risk declaration, cautioning investors about the uncertainties associated with future plans and strategies[8]. - The company has not violated any decision-making procedures regarding external guarantees, reflecting adherence to regulatory compliance[10]. Audit and Compliance - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm, ensuring the accuracy and completeness of the financial report[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible executives, ensuring accountability[7]. - The company has committed to ensuring compliance with related party transaction management systems[190]. - There were no major lawsuits or arbitration matters reported for the fiscal year[194]. - The company confirmed that there were no significant changes in accounting policies that would materially affect its financial position or operating results[191]. Research and Development - Research and development expenses accounted for 16.44% of operating revenue, an increase of 1.08 percentage points compared to the previous year[25]. - Total R&D expenditure for the year was ¥47,324,513.52, an increase of 12.19% from the previous year, with R&D expenditure accounting for 16.44% of operating revenue, up 1.08 percentage points[88]. - The company is focusing on advanced technologies such as AI content recognition and distributed data collection engines in its ongoing projects[90]. - The R&D team is working on a holographic management platform with a projected investment of ¥289.15 million, aimed at creating a digital model for industry users[92]. Market and Product Development - The company aims to provide customized audiovisual information technology solutions based on its modular and standardized product system[33]. - The company has developed core technologies such as IP signal extraction and analysis, enhancing the quality and security of live broadcasts[34]. - The company is actively exploring potential user needs in ideological education and cultural construction through its products[105]. - The company plans to continue enhancing its technical capabilities through increased R&D investment[26]. Shareholder Commitments - The company has committed to ensuring compliance with the Securities Law and relevant stock exchange rules for any share reduction activities[171]. - The company will monitor stock performance closely to determine any necessary adjustments to shareholder commitments and strategies[171]. - The company will not transfer or entrust the management of shares held before the IPO for 12 months from the date of listing[173]. - The company will publicly apologize and explain the reasons for any unfulfilled commitments during shareholder meetings and designated disclosure media[184]. Strategic Initiatives - The company is considering strategic acquisitions to bolster its competitive position, with potential targets identified in the J sector[182]. - The company plans to enhance its marketing and service capabilities by building a more comprehensive marketing service network across regions such as North, East, and Southwest China[155]. - The company is committed to timely and comprehensive disclosure of any unfulfilled commitments due to uncontrollable factors, ensuring transparency to shareholders and investors[184].