Silan(SH:600460)2021-03-12 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.16 CNY per 10 shares, totaling approximately 20.99 million CNY (including tax) based on a total share capital of 1,312,061,614 shares as of December 31, 2020[3]. - The company has not reported any changes in its total share capital that would affect the proposed dividend distribution[3]. - The company is committed to maintaining a cash dividend policy that ensures at least 30% of the average distributable profit over three consecutive years is distributed[69]. Financial Performance - The company's operating revenue for 2020 was approximately CNY 4.28 billion, representing a year-on-year increase of 37.61% compared to CNY 3.11 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 67.60 million, a significant increase of 365.16% from CNY 14.53 million in 2019[16]. - The net cash flow from operating activities for 2020 was CNY 145.03 million, up 9.37% from CNY 132.60 million in 2019[16]. - The company's total assets at the end of 2020 were approximately CNY 9.84 billion, reflecting a 10.40% increase from CNY 8.91 billion at the end of 2019[16]. - The basic earnings per share for 2020 was CNY 0.05, a 400% increase from CNY 0.01 in 2019[17]. - The company reported a total operating revenue for 2020 of CNY 4,280,561,779.48, an increase of 37.61% compared to 2019[34]. - The net profit attributable to shareholders of the parent company was CNY 67,600,000, representing a significant increase of 365.16% year-on-year[33]. - The operating profit was a loss of CNY 35,770,000, which is a reduction in loss by CNY 95,010,000 compared to 2019[33]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Certified Public Accountants, ensuring the accuracy and completeness of the financial report[2]. - The company’s financial report has been confirmed by its responsible persons, ensuring its authenticity and completeness[2]. - The company’s board of directors and supervisory board members were present at the board meeting, ensuring governance compliance[2]. - There are no non-operating fund occupations by controlling shareholders or their related parties, and no violations in decision-making procedures for external guarantees[4]. - The internal control self-evaluation report has been disclosed, confirming no significant deficiencies in internal controls during the reporting period[132]. - The internal control audit report has been disclosed, with a standard unqualified opinion provided by the auditor[133]. Risk Management - The company has outlined potential risks in its future development strategies, which investors should be aware of[5]. - The company emphasizes that forward-looking statements regarding future plans do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[4]. - The company’s future outlook includes a commitment to addressing identified risk factors in its strategic planning[5]. Research and Development - The company has established a comprehensive IDM (Integrated Device Manufacturer) model, enhancing product quality and accelerating R&D progress[25]. - The company has developed a sustainable R&D system, focusing on various semiconductor products including IGBT and high-density MOSFETs[27]. - The company is investing heavily in R&D for high-end power devices and MEMS sensors, contributing to increased chip output[30]. - The company plans to increase R&D expenditure to approximately 580 million RMB in 2021, up from 486 million RMB in 2020[67]. Market and Product Development - The company plans to continue expanding its semiconductor product offerings and has been recognized as a key enterprise in the national planning layout for software and integrated circuit design[23]. - The company is actively pursuing new product development and market expansion strategies to adapt to changing market conditions[27]. - The company plans to enhance its production capacity for 12-inch chips in 2021, aiming for a monthly output of 30,000 units by the fourth quarter[32]. - The company is focusing on expanding its market presence in the semiconductor industry, driven by increased demand for 5G networks and electric vehicles[58]. Environmental Compliance - The company has established wastewater treatment systems and air pollution control facilities at its subsidiaries, ensuring compliance with environmental standards[93]. - The company has implemented an environmental monitoring system for wastewater, with real-time data uploaded to the relevant environmental authorities[95]. - The company reported a total pollutant discharge of 138.82 million tons for water pollutants, with all discharge points meeting the required standards[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,639[100]. - The largest shareholder, Hangzhou Silan Holding Co., Ltd., held 513,503,234 shares, representing 39.14% of total shares[100]. - The company reported no changes in the total number of ordinary shares or share capital structure during the reporting period[98]. Employee Management - The total number of employees in the parent company is 848, while the total number of employees in major subsidiaries is 5,312, resulting in a combined total of 6,160 employees[122]. - The company has implemented a tiered salary system based on job classification and performance evaluation, covering company, team, and individual performance[123]. - The company plans to conduct over 200 training sessions in 2021 for various job levels and positions[124]. Financial Position - The company’s total assets at year-end were CNY 3,598,812,859.85, reflecting the overall financial position[162]. - The company’s retained earnings grew to ¥1,154,108,525.71 in 2020, compared to ¥1,106,156,010.16 in 2019, an increase of about 4.3%[145]. - The company’s total liabilities rose to ¥5,332,890,506.43 in 2020, up from ¥4,675,090,936.77 in 2019, reflecting an increase of approximately 14.0%[145]. Corporate Governance - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects[129]. - The company has actively respected and protected the rights of stakeholders, including creditors, employees, customers, and suppliers[129]. - The company has not encountered any instances of fund occupation by the controlling shareholder or related parties as of December 31, 2020[129].