Anji Technology(SH:688019)2021-03-30 16:00Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 15,932,514.00 RMB, which represents about 11.01% of the distributable profit for the year[7]. - The proposed dividend distribution is subject to approval at the 2020 annual general meeting[8]. - The company does not plan to increase capital reserves or issue bonus shares[7]. Financial Performance - The company achieved operating revenue of CNY 422.38 million in 2020, a year-on-year increase of 47.99%[36]. - Net profit attributable to shareholders reached CNY 153.99 million, up 133.86% compared to the previous year[37]. - The net profit after deducting non-recurring gains and losses was CNY 58.85 million, reflecting a growth of 36.76% year-on-year[37]. - The net cash flow from operating activities was CNY 113.17 million, an increase of 33.65% from the previous year[37]. - The company's total assets grew by 29.88% year-on-year, reaching CNY 1.29 billion by the end of 2020[36]. - The weighted average return on equity increased to 15.94%, up 4.54 percentage points from the previous year[36]. - Basic and diluted earnings per share both doubled to CNY 2.90, a 100% increase year-on-year[36]. Research and Development - Research and development expenses accounted for 21.05% of operating revenue, an increase of 0.89 percentage points compared to 2019[36]. - The number of R&D personnel increased by 60.8% year-on-year, reflecting the company's commitment to enhancing product development and supply capabilities[107]. - The company has obtained 10 authorized invention patents during the reporting period, bringing the total to 205 patents as of December 31, 2020[101]. - The company is focusing on the development of advanced process technology and products in the photoresist removal agent sector, achieving breakthroughs for 28nm technology node products[101]. - The company has successfully launched semi-aqueous photoresist removers for 130-40nm technology nodes, expanding applications in memory chip manufacturing[116]. Market Expansion and Strategy - The company is expanding its market presence in Europe, targeting a 10% market share by the end of the next fiscal year[25]. - A strategic acquisition of a smaller tech firm was completed, valued at $50 million, aimed at enhancing R&D capabilities[26]. - The company plans to continue expanding its market presence and investing in R&D for new product development[46]. - The company aims to become a world-class high-end semiconductor materials supplier by expanding its semiconductor materials supply chain through self-built or acquired operations[159]. Operational Risks and Management - The company has outlined various operational risks and corresponding mitigation measures in the report[5]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[9]. - The company faces risks from rising raw material prices due to environmental regulations and geopolitical uncertainties affecting supply stability[170]. - The semiconductor industry’s cyclical changes pose a risk to the company’s performance, influenced by macroeconomic factors and demand fluctuations[172]. Product Development and Innovation - New product launches included a next-generation semiconductor chip, expected to enhance performance by 15% compared to previous models[24]. - The company has successfully developed chemical mechanical polishing (CMP) slurries for 130-14nm logic chip processes and storage chip processes, with ongoing research for 10-7nm technology node products[47]. - The company is actively developing CMP products to support the growth of third-generation semiconductors, indicating a focus on future technology advancements[47]. - The company is actively developing new products, including copper chemical mechanical polishing (CMP) solutions for 10nm and below technology nodes, which have reached international advanced levels[110]. Quality Assurance and Certifications - The company has established a comprehensive quality assurance system, certified by ISO9001, ISO14001, and ISO45001, to ensure product quality throughout the entire process[131]. - The company emphasizes the accuracy and completeness of the financial report, with all board members present at the meeting[6]. Customer and Supplier Relationships - The company reported that sales to its top five customers accounted for 84.99% of total sales, indicating a high customer concentration risk[169]. - The top five suppliers accounted for ¥11,488.20 million, which is 53.21% of total annual purchases, with the largest supplier contributing 13.44%[199].