DPC(SH:600405)2021-04-28 16:00Financial Performance - The company reported a consolidated net loss of ¥46,728,195.16 for the year 2020, with a net loss attributable to the parent company of ¥41,915,731.68[3]. - The parent company’s accumulated undistributed profits at the end of 2020 amounted to -¥257,573,453.64, indicating a negative retained earnings situation[3]. - Due to the negative retained earnings, the company will not distribute cash dividends or issue bonus shares for the year 2020[3]. - The company's operating revenue for 2020 was CNY 1,215,709,742.85, a decrease of 2.33% compared to CNY 1,244,739,999.73 in 2019[18]. - The net profit attributable to shareholders was a loss of CNY 41,915,731.68 in 2020, a decline of 478.63% from a profit of CNY 11,070,482.28 in 2019[18]. - The basic earnings per share for 2020 was -0.075 CNY, down 475.00% from 0.020 CNY in 2019[19]. - The weighted average return on equity decreased to -4.090% in 2020 from 1.020% in 2019[19]. - The net cash flow from operating activities was CNY 138,254,950.37, an increase of 2.48% compared to CNY 134,907,440.12 in 2019[18]. - The total assets at the end of 2020 were CNY 2,561,747,813.90, a decrease of 0.97% from CNY 2,586,812,402.02 at the end of 2019[18]. - The net assets attributable to shareholders were CNY 1,037,514,405.17 at the end of 2020, down 0.89% from CNY 1,046,877,686.04 at the end of 2019[18]. - The total liabilities increased by 19.24% to ¥24,384.96 million due to new short-term borrowings[83]. - The company reported a significant reduction in sales expenses by 1.42% year-on-year, totaling ¥175,532,780.69[78]. - The total amount of guarantees provided by the company, including those to subsidiaries, was 356.68 million RMB, accounting for 33.42% of the company's net assets[153]. Operational Highlights - The company maintained a focus on core business areas, specifically in data communication, smart energy, and new energy vehicles, without significant changes in its business model during the reporting period[28]. - The company reported a quarterly operating revenue of CNY 95,769,318.30 in Q1 2020, with a significant increase to CNY 425,113,562.94 in Q2 2020[22]. - The company experienced a net loss of CNY 63,395,806.40 in Q4 2020, following a profit of CNY 15,543,508.97 in Q3 2020[22]. - The company is actively exploring different marketing models, including direct sales and channel sales, to meet market differentiation needs[35]. - The company has established a global multi-channel sales network and after-sales service platform, with offices in various regions including Southeast Asia, South Asia, and North America[43]. - The company completed the integration of its smart energy business line, enhancing product promotion and achieving positive progress in various sectors[54]. - The company is expanding its product offerings in the renewable energy sector, including photovoltaic inverters and energy optimization solutions[34]. - The company has developed a comprehensive lifecycle service model, providing stable performance and reliable quality products[35]. Research and Development - The company’s R&D expenses increased by 6.42% to CNY 81,013,103.53, reflecting its commitment to product development[68]. - The company has established a comprehensive pilot and experimental verification system, investing significant resources to create a reliability verification laboratory compliant with ISO/IEC 17025 standards[39]. - The company has core technological advantages in charging products, having passed the qualification review for electric vehicle charging equipment suppliers by the State Grid[110]. - The company has developed core technologies in electric drive systems and hydrogen fuel cell DC/DC converters, positioning itself as a leader in the new energy vehicle component market[115]. - The company is actively expanding its photovoltaic power optimizer products, which reduce conversion losses and lower construction costs, enhancing system efficiency[114]. Market and Industry Outlook - The company’s 2021 operational plan is subject to various uncertainties, including macroeconomic conditions and market situations, and does not constitute a performance commitment[4]. - The investment in communication power supply is expected to account for 17% of the total investment in 5G base station infrastructure construction, indicating a significant growth opportunity for the company[99]. - The data center market in China reached a scale of 156.25 billion yuan in 2019, with a projected compound annual growth rate of 27.8% from 2020 to 2022, expected to reach 320 billion yuan by 2022[104]. - The market for backup power systems and intelligent evacuation systems is expected to see significant growth, with a market space of approximately 100 billion yuan for urban rail transit backup power in the next two years[108]. - The intelligent evacuation industry market size in China was 7 billion yuan in 2020, with projected growth to 13.5 billion yuan by 2024[108]. Corporate Governance and Compliance - The board of directors and management have confirmed the authenticity and completeness of the annual report[7]. - The audit report issued by the accounting firm is a standard unqualified opinion[7]. - The company has established a sound internal control system and improved its governance structure in compliance with relevant laws and regulations[198]. - There were no significant lawsuits or arbitration matters reported for the current year, indicating a stable legal standing[148]. - The company has committed to not using company assets for unrelated investments or consumption activities, ensuring the protection of shareholder interests[142]. Social Responsibility and Community Engagement - The company actively engaged in photovoltaic poverty alleviation projects in Jilin Province, focusing on planning, construction, and operation to help improve local economic conditions and achieve poverty alleviation goals[155]. - The company provided financial support of RMB 36,000 for poverty alleviation efforts, benefiting 120 registered impoverished households in Jilin Province[157]. - The company donated over RMB 80,000 worth of professional epidemic prevention materials to Wuhan University People's Hospital during the pandemic[157]. - The company has a long-term commitment to supporting vulnerable groups and has created numerous job opportunities for individuals with disabilities[156]. - The company aims to strengthen its core competitiveness and achieve its vision of becoming a century-old enterprise and brand[159]. Employee and Management Structure - The company has a total of 2,424 employees, with 817 technical personnel, accounting for 33.70% of the total workforce[37]. - The total number of ordinary shares decreased from 559,942,948 to 557,143,948 due to the cancellation of 2,799,000 restricted stocks[165]. - The total compensation for all directors and senior management amounted to 7,184,800 RMB for the reporting period[185]. - The company has implemented a performance-based salary system for R&D personnel, a position performance salary system for functional staff, and a fixed salary plus performance bonus system for sales personnel[194]. - The company has established a comprehensive training system, executing an annual training plan that includes new employee training and management skills enhancement[195].