WST(SH:688122)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥2.11 billion, representing a 46.10% increase compared to ¥1.45 billion in 2019[21]. - Net profit attributable to shareholders reached approximately ¥370.77 million, a significant increase of 134.31% from ¥158.24 million in the previous year[21]. - Basic earnings per share for 2020 were ¥0.8402, up 120.58% from ¥0.3809 in 2019[22]. - The total assets of the company at the end of 2020 were approximately ¥5.54 billion, reflecting a 15.34% increase from ¥4.80 billion in 2019[21]. - The company's net assets attributable to shareholders increased by 9.35% to approximately ¥2.81 billion from ¥2.57 billion in 2019[21]. - The total non-recurring gains and losses for 2020 amounted to ¥77.37 million, reflecting various financial adjustments and government support[28]. - The company achieved a total revenue of 2.11 billion RMB, representing a year-on-year growth of 46.10%[90]. - The net profit attributable to shareholders reached 370.77 million RMB, an increase of 134.31% compared to the previous year[91]. Research and Development - The total R&D investment amounted to ¥118,919,664.02, a decrease of 7.75% compared to the previous year, with R&D expenses accounting for 5.63% of operating revenue, down from 8.91%[67]. - The company filed 57 new patents during the reporting period, with 40 patents granted, bringing the total to 525 applications and 386 grants[66]. - The R&D team expanded to 227 members, with an average salary of ¥19.36 million, reflecting a focus on enhancing research capabilities[75]. - The company is actively pursuing new technologies and materials, with over 200 national and provincial research projects undertaken[78]. - The company has made significant progress in the development of high-temperature alloy bars, achieving stable production and application in major national projects[71]. - The company is conducting advanced research on high-performance Nb3Sn superconducting wire, aiming for international standards in high-field magnet applications[71]. Corporate Governance - The company has received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm[5]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company does not have any special arrangements for corporate governance[6]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company emphasizes the importance of talent acquisition and management to enhance internal capabilities and overall management efficiency[148]. Market Position and Strategy - The company specializes in high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials, positioning itself as a key player in these sectors in China[32]. - The company aims to fill critical material gaps for national strategic projects, including new aircraft and naval vessels[32]. - The company emphasizes a "dual-driven" development model focusing on technological advancement and market demand, leveraging national-level R&D platforms to maintain and expand its technological leadership[34]. - The company is actively exploring opportunities in the MRI market and other superconducting applications[147]. - The company is committed to developing a sustainable industrial chain around superconducting materials and advanced instruments[145]. Financial Management - The company has implemented a robust financial policy to manage financial risks and ensure asset safety, with no incidents harming creditor interests reported[188]. - The company has established a comprehensive procurement process to protect supplier rights and ensure timely delivery of materials[190]. - The company has a structured approach to cash management for temporarily idle raised funds, ensuring no impact on project progress[186]. - The company has made significant improvements in the quality and cost of high-temperature alloys through the development of new technologies and processes[43]. Shareholder Commitments - The company guarantees that the public offering of shares and listing on the Sci-Tech Innovation Board does not involve any fraudulent issuance[158]. - The company will adhere to the commitments made regarding the circulation restrictions and voluntary lock-up of its shares[157]. - The company emphasizes the importance of investor returns and has established a profit distribution system, including a cash dividend policy, to ensure investor rights are protected[160]. - The company commits to strictly adhere to the profit distribution policies and dividend return plans approved by the shareholders' meeting after its IPO[160]. Environmental Responsibility - The company has obtained pollution discharge permits for its dual parks, ensuring compliance with environmental regulations[195]. - The company conducts annual third-party testing of wastewater and air emissions, with results meeting national discharge standards[195]. - The company has not reported any major environmental pollution incidents in recent years, demonstrating a commitment to environmental responsibility[195]. - The company actively engages in community support through educational and industrial poverty alleviation initiatives, contributing over 1 million CNY in total[193].