RONGJI SOFTWARE(002474)2021-04-06 16:00Financial Performance - The company's operating revenue for 2020 was ¥730,475,517.25, representing a 0.43% increase compared to ¥727,322,833.38 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥49,598,630.03, a decrease of 0.44% from ¥49,816,021.80 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥20,920,322.09, a significant increase of 3,282.95% compared to ¥618,405.60 in 2019[6]. - The net cash flow from operating activities decreased by 33.28% to ¥72,224,578.63 from ¥108,243,966.33 in 2019[6]. - Total assets at the end of 2020 were ¥2,886,763,316.10, an increase of 4.64% from ¥2,758,681,945.09 at the end of 2019[6]. - The company achieved a total revenue of 730.48 million yuan, an increase of 0.43% compared to the previous year[56]. - The total operating revenue for 2020 was ¥730,475,517.25, representing a slight increase of 0.43% compared to ¥727,322,833.38 in 2019[64]. - Revenue from the information technology sector was ¥702,712,224.02, accounting for 96.20% of total revenue, which decreased by 2.69% from ¥722,108,166.60 in 2019[64]. - The revenue from the park development and operation sector surged by 432.41% to ¥27,763,293.23 from ¥5,214,666.78 in 2019[64]. - The gross profit margin for the information technology sector was 36.87%, down from the previous year by 0.59%[67]. Dividend Distribution - The company reported a profit distribution plan based on a base of 622,200,000 shares, proposing a cash dividend of 0.15 yuan per 10 shares (including tax) and no bonus shares[6]. - The company declared a cash dividend of 9,333,000.00 CNY for the year 2020, which represents 18.82% of the net profit attributable to ordinary shareholders[119]. - The cash dividend for 2018 was 6,222,000.00 CNY, accounting for 18.69% of the net profit attributable to ordinary shareholders[119]. - The total distributable profit for the year 2020 was 501,375,162.77 CNY, with the cash dividend constituting 100% of the profit distribution[121]. - The dividend distribution plan for 2020 was approved based on a total share capital of 622,200,000 shares, with a payout of 0.15 CNY per 10 shares[122]. - The company did not propose any stock dividends or capital reserve transfers for the year 2020[122]. - The company has committed to distributing at least 10% of the annual distributable profit as cash dividends[124]. - The company has a policy to ensure that cumulative cash distributions over three consecutive years should not be less than 30% of the average annual distributable profit during that period[124]. Risk Management - The company emphasizes the importance of risk management, identifying key risks such as human resources, industry technology, management capability, and new business investment risks[6]. - The company recognizes the risk of macroeconomic fluctuations and plans to enhance its innovation capabilities to maintain competitive advantages in the market[112]. - The company is committed to enhancing its internal management structure to mitigate risks associated with rapid expansion and ensure operational efficiency[113]. - The company will continue to invest in new business areas while monitoring market trends to reduce operational risks associated with new business investments[113]. Research and Development - The company maintained a focus on technological innovation and business model innovation to enhance core competitiveness and support sustainable growth[28]. - The company has established a comprehensive technology innovation and R&D testing platform for self-controllable technology since 2014[30]. - The company has restructured its R&D to form over 40 proprietary intellectual property products related to self-controllable technology[31]. - The company achieved nearly 30 independent intellectual property software products and solutions in the electronic government sector during the reporting period[29]. - R&D expenses increased by 8.68% to ¥107,835,471.49 in 2020, with R&D expenditure accounting for 14.76% of operating revenue, up from 13.64% in 2019[76]. - The number of R&D personnel decreased by 9.35% to 417 in 2020, while the proportion of R&D personnel remained stable at 43.44%[76]. - Key R&D projects include the Government Internal Joint Approval System with a capitalized amount of ¥4,652,467.05, currently under development[77]. - The Smart Court Intelligent Trial Business System, with a capitalized amount of ¥2,804,178.17, aims to enhance data sharing and collaboration among judicial entities[78]. Corporate Governance - The company has established a comprehensive governance structure, including a board of directors and supervisory board, to oversee its operations[6]. - The company has a dedicated investor relations team, with contact details provided for the board secretary and securities affairs representative[16]. - The company’s annual report is disclosed through designated media such as the Securities Times and the China Securities Journal[17]. - The company has signed labor contracts with senior management and core technical personnel to maintain stability and protect intellectual property[124]. - The company established a robust insider trading prevention mechanism, ensuring compliance with information disclosure regulations and protecting shareholder rights[174]. Market Presence and Strategy - The company operates in five main business areas: e-government, collaborative management, information security, big data, and the Internet of Things[11]. - The company is actively expanding its market presence in the "Internet + Government" sector, leveraging new technologies like big data and cloud computing[34]. - The company has extensive experience in customs information services and has been a leading service provider for the "Golden Customs Project" for over 20 years[35]. - The company is committed to participating in the construction of the customs support platform, which is a key component of the "14th Five-Year Plan" for information technology[37]. - The company plans to focus on key business areas such as "Internet + Government Affairs," "Internet + Party Building," and "Big Data Platforms" to optimize its industry chain layout and maintain investment in critical business and technology[110]. Social Responsibility - The company actively engaged in community support and social responsibility initiatives, including contributions to pandemic relief efforts during the COVID-19 outbreak[177]. - The company established a dynamic management system for assisting underprivileged employees[182]. - The company has invested a total of 42,266.81 million CNY in fundraising projects, with the construction of the R&D building nearly completed[184]. - The company has provided assistance to 61 individuals through various support activities in 2020, including educational and medical aid[182]. - The company collaborated with major media outlets to promote local agricultural products through the "Advertising Precision Poverty Alleviation" project, enhancing market visibility for quality products[179]. Financial Management - The company reported a total of 7,000 million in financial assets recovered from various bank investments in 2020[165]. - The average return rate on financial products was 0.04% across multiple bank investments[165]. - The company successfully recovered 4,300 million from bank financial products with a return rate of 0.03% in June 2020[166]. - The company has a consistent recovery strategy with multiple bank investments maturing in 2020[165]. - The company is committed to enhancing its financial services, aiming for consistent returns and customer satisfaction[164]. Shareholder Information - The company has a total of 622,200,000 shares, with 24.59% being limited shares and 75.41% being unrestricted shares[188]. - The largest shareholder, Lu Feng, holds 19.53% of the shares, with a reduction of 7,515,000 shares during the reporting period[190]. - The number of shareholders decreased from 71,725 to 65,990 during the reporting period[190]. - The top ten shareholders include Lu Feng, holding 24,738,935 shares, and Panhou Momentum (Shanghai) Capital Management Co., Ltd., holding 10,700,000 shares[191]. - The company has three employee stock ownership plans, with the third plan holding 7,856,200 shares[192].