SMHC(SH:600131)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥7.01 billion, a decrease of 9.71% compared to ¥7.77 billion in 2019[17]. - Net profit attributable to shareholders for 2020 was approximately ¥606.87 million, an increase of 24.62% from ¥486.98 million in 2019[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥538.80 million, a significant increase of 291.95% compared to ¥137.47 million in 2019[17]. - The cash flow from operating activities for 2020 was approximately ¥500.49 million, reflecting a 30.71% increase from ¥382.91 million in 2019[17]. - The total assets at the end of 2020 were approximately ¥11.03 billion, representing a 23.98% increase from ¥8.90 billion at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥4.64 billion, a substantial increase of 69.53% from ¥2.74 billion at the end of 2019[17]. - Basic earnings per share for 2020 were ¥0.52, an increase of 18.18% from ¥0.44 in 2019[18]. - The weighted average return on net assets for 2020 was 15.93%, an increase of 0.39 percentage points from 15.54% in 2019[18]. - The company achieved an annual revenue of RMB 7.01 billion, with a net profit of RMB 607 million, representing a year-on-year growth of 24.62%[33]. - The total comprehensive income for 2020 was ¥606,865,140.61, compared to ¥526,240,219.86 in 2019, reflecting an increase of 15.3%[175]. Dividend Distribution - In 2020, the company achieved a cash dividend distribution of 185,286,154.32 RMB, with a cash dividend ratio of 30.53%[6]. - The company will not issue new shares or increase capital reserves for the 2020 profit distribution, maintaining the total distribution amount unchanged[6]. - The company distributed cash dividends of ¥0.125 per share, totaling approximately ¥149.42 million for the year[19]. - The company reported a cash dividend of 1.55 RMB per 10 shares for the year 2020, totaling 185,286,154.32 RMB, which represents 30.53% of the net profit attributable to ordinary shareholders[63]. - The company has increased its cash dividend from 1.25 RMB per 10 shares in 2019 to 1.55 RMB in 2020, reflecting a commitment to returning value to shareholders[62]. Strategic Goals and Innovations - The company aims to leverage opportunities in energy digitalization, focusing on building high-quality underlying computing power infrastructure and enriching multi-scenario application services[3]. - The company emphasizes the integration of ICT technologies with energy technologies to support the achievement of carbon peak and carbon neutrality goals[3]. - The company is committed to fulfilling its social responsibilities and contributing to the construction of a moderately prosperous society through its information communication technology advantages[2]. - The company plans to invest approximately ¥24.7 billion in "new infrastructure" projects, which is expected to stimulate social investment of around ¥100 billion[29]. - The company aims to provide customized solutions for power marketing and energy trading, enhancing operational efficiency for power grid enterprises[26]. - The company plans to establish an Energy (Carbon Asset) Management Operation Center and an Energy Digital Innovation Center to enhance its capabilities in the energy value chain[59]. - The company is committed to increasing R&D investment and fostering innovation in energy internet technologies and standards[59]. Market and Customer Relations - The company reported a significant focus on investor relations management and enhancing the depth and breadth of information disclosure[2]. - The company has a significant reliance on a single customer, the State Grid Corporation, which poses a risk to its business development and profitability if there are any reductions in investment from this client[60]. - The company is actively expanding its market beyond the State Grid, focusing on large energy enterprises to mitigate risks associated with customer concentration[60]. - The company has experienced a notable impact from the COVID-19 pandemic but has adapted to the changing market conditions[28]. Research and Development - Research and development expenses totaled RMB 413 million, reflecting an 8% increase compared to the previous year[34]. - The company completed 193 patent applications during the reporting period, marking an 11% increase year-on-year, and received 57 patent grants, a 16% increase[34]. - The company is investing 200 million yuan in R&D for innovative solutions in the telecommunications sector[142]. - The number of R&D personnel was 662, making up 58.95% of the total workforce[43]. Financial Management and Liabilities - The company reduced interest-bearing liabilities by RMB 315 million, enhancing capital efficiency[34]. - The total liabilities for 2020 amounted to ¥6,388,145,844.53, compared to ¥6,157,783,705.35 in 2019, showing an increase of about 3.7%[171]. - The company reported a decrease in short-term borrowings to ¥460,000,000.00 in 2020 from ¥775,000,000.00 in 2019, a reduction of about 40.6%[171]. - The company’s total liabilities were ¥6,388,145,844.53 in 2020, compared to ¥6,157,783,705.35 in 2019, showing an increase of about 3.7%[171]. Corporate Governance and Compliance - The company has completed its asset restructuring and industry transformation, enhancing its "cloud-network integration" capabilities[2]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, and operations[157]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its senior management, with annual performance targets set by the board[160]. - The company has a complete internal control system, with no significant deficiencies reported during the reporting period[161]. - The internal control audit report for the year was issued with a standard unqualified opinion[161]. Legal and Regulatory Matters - There were several ongoing major litigation and arbitration cases, including disputes with Chongqing Bosai Mining Group Co., Ltd.[93]. - The company has not faced any risks of suspension or termination of listing during the reporting period[92]. - The company is actively working to advance the execution of court rulings related to its claims[95]. Social Responsibility and Community Engagement - The company has donated a total of CNY 5.35 million to poverty alleviation efforts from 2013 to 2020, including CNY 2 million for education and CNY 3.35 million for poverty-stricken villages[114]. - The company has established a strategic cooperation relationship with Aba Prefecture to enhance economic development and support poverty alleviation efforts[113]. - The company has been awarded the "2020 Annual Poverty Alleviation Award" by People's Daily Online for its contributions to poverty alleviation[114]. Shareholder Information - The total number of ordinary shares increased to 1,195,394,544 shares after the issuance of 88,048,293 new shares[122]. - The largest shareholder, State Grid Information Communication, holds 583,920,295 shares, representing 48.85% of total shares[131]. - The company raised a total of 603,221,096 RMB through private placements during the reporting period[126]. - The company’s shareholding structure shows a diverse mix of state-owned and private entities among the top shareholders[131].