Windey(SZ:300772)2021-04-23 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[19]. - The company's operating revenue for 2020 was ¥11,477,859,987.36, representing a 129.09% increase compared to ¥5,010,260,787.05 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥173,006,288.51, a 62.33% increase from ¥106,575,624.36 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥136,546,042.39, up 84.70% from ¥73,927,740.19 in 2019[26]. - The basic earnings per share for 2020 was ¥0.59, an increase of 47.50% compared to ¥0.40 in 2019[26]. - The company reported a net cash flow from operating activities of -¥788,084,759.09 in 2020, a decrease of 154.88% from ¥1,435,885,465.30 in 2019[26]. - The company's revenue for the reporting period was RMB 1,147,786,000, an increase of 129.09% year-on-year, while net profit attributable to shareholders was RMB 17,301,000, up 62.33%[70]. - The total revenue for the year 2020 was 9,795,567,567.54 CNY, representing a 141.97% increase compared to 2019[96]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2021, aiming for a 10% increase in market share[19]. - Future guidance estimates a revenue target of RMB 1.5 billion for 2021, representing a growth of 25%[19]. - A strategic partnership with a leading energy firm is expected to enhance operational capabilities and market reach[19]. - The company is exploring potential acquisitions to strengthen its position in the renewable energy sector[19]. - The company plans to expand its business in the renewable energy sector, focusing on wind power solutions and smart service operations[39]. - The company is actively expanding its overseas market presence, with ongoing installation work for its first project in Vietnam and winning four additional projects totaling 169 MW[73]. - The company will expand its market presence by deepening cooperation with strategic partners and exploring new opportunities in overseas markets[157]. Research and Development - The company has invested RMB 200 million in R&D for new wind turbine technology, expected to enhance efficiency by 5%[19]. - The company is actively developing new wind turbine models tailored for various environmental conditions, enhancing its product offerings[40]. - The company aims to leverage technological advancements to improve wind turbine efficiency and reduce costs, enhancing market competitiveness[45]. - The company has established a robust technical research and development system, enhancing its core technology advantages in wind turbine control and testing technologies[50]. - The company launched 11 complete machine product R&D projects in 2020, focusing on platforms of 3MW, 4MW, and 5MW[83]. - The company initiated R&D for a new generation of offshore wind power products to enhance its core competitiveness in the offshore wind sector[83]. - The company has deployed its wind turbine fault prediction and health management system (PHM) in over 30 wind farms, supporting at least 10,000 turbine models[79]. Operational Challenges and Risks - Risk factors identified include fluctuations in raw material prices and regulatory changes impacting the renewable energy market[7]. - The company faces risks related to policy changes, supply chain dependencies, and the rapid pace of technological advancements in the wind power industry[158][159][160]. Profit Distribution and Financial Policies - The company will not distribute cash dividends for the year, opting to reinvest profits into business expansion[7]. - The company has established a profit distribution policy that ensures at least 30% of the average distributable profit over the last three years is distributed as cash dividends, subject to certain conditions[167][169]. - The company did not distribute cash dividends for the year 2020, with a total cash dividend amount of 0.00, representing 0.00% of the net profit attributable to shareholders[182]. - The profit distribution policy aligns with the company's articles of association and relevant regulations, ensuring compliance and transparency[175]. - The company has committed to actively fulfilling its profit distribution policy and sharing development results with investors in the future[182]. Investment and Financial Management - The company has invested 812.29 million CNY in the smart transformation of production bases, achieving a progress rate of 31.70%[127]. - The total amount of raised funds is 101,254.44 million CNY, with a cumulative usage of 74,231.94 million CNY and a remaining balance of 27,353.36 million CNY[125]. - The company has utilized 16,742.42 million CNY for supplementary working capital, achieving a full investment rate of 100.07%[127]. - The company has committed to ensuring the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[196]. Compliance and Governance - The company has fulfilled all commitments related to share transfer restrictions made during its initial public offering (IPO) within the specified 12-month and 36-month periods[190]. - The controlling shareholder, Electromechanical Group, is currently in compliance with its commitment to not transfer shares for 36 months post-IPO[190]. - The company is actively taking legal measures to ensure compliance with its commitments and is subject to regulatory oversight[192]. - The company will implement new commitments or measures to comply with regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange[198].