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百利电气(600468) - 2020 Q4 - 年度财报
BENEFOBENEFO(SH:600468)2021-04-19 16:00

Financial Performance - The company's operating revenue for 2020 was CNY 2,199,461,378.93, representing a 40.16% increase compared to CNY 1,569,254,445.34 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 109,973,160.30, a significant increase of 95.30% from CNY 56,311,165.20 in 2019[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,208,434.99, reflecting a 140.49% increase compared to CNY 40,836,190.79 in 2019[20] - The total profit for 2020 was 160.11 million RMB, representing a year-on-year growth of 103.86%[38] - The company's total assets increased to 3,625.27 million RMB, a growth of 10.02% from the beginning of the year[38] - Basic earnings per share rose by 95.93% to CNY 0.1011 in 2020 compared to CNY 0.0516 in 2019[22] - The weighted average return on equity increased by 2.93 percentage points to 6.29% in 2020 from 3.36% in 2019[22] Cash Flow and Assets - The net cash flow from operating activities for 2020 was CNY 154,809,802.11, showing a slight increase of 5.30% from CNY 147,012,520.82 in 2019[20] - As of the end of 2020, the net assets attributable to shareholders were CNY 1,813,200,971.73, which is a 7.73% increase from CNY 1,683,071,585.70 at the end of 2019[20] - Total current assets increased to 2,352.04 million yuan in 2020, compared to 2,176.89 million yuan in 2019, reflecting a growth of 8.0%[180] - Cash and cash equivalents as of December 31, 2020, amounted to 579.10 million yuan, up from 351.49 million yuan in 2019, representing a growth of 64.5%[180] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.31 per share (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned for this year[4] - In 2020, the company distributed cash dividends amounting to 33,719,794.95 RMB, representing 30.66% of the net profit attributable to ordinary shareholders[84] - The cash dividend per 10 shares for 2020 was 0.31 RMB, compared to 0.00 RMB in 2019[84] Research and Development - The company applied for 79 new patents in 2020, including 22 invention patents[34] - The total R&D investment for the period is 89,548,852.82 CNY, representing 4.07% of operating revenue[58] - Research and development expenses for 2020 amounted to RMB 87,588,381.71, up from RMB 69,151,744.38 in 2019, indicating a focus on innovation[195] Market and Sales Performance - The company has expanded its market presence internationally, securing projects in Afghanistan, Turkey, Vietnam, and Mexico, thereby increasing its overseas sales footprint[43] - The manufacturing sector's revenue increased by 53.04% year-on-year, with a gross margin improvement of 5.20 percentage points[48] - The revenue from high, medium, and low voltage electrical products surged by 171.43%, with a gross margin increase of 7.12 percentage points[48] Risk Management and Compliance - The company has detailed potential risks in its report, which investors should review[6] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors and advises caution regarding investment risks[5] - The company has focused on risk management, enhancing internal control capabilities, and implementing a comprehensive risk management system to mitigate operational risks[42] Corporate Governance - The company has established principles for fair pricing in related transactions to maintain market fairness[88] - The company continues to engage independent directors to enhance corporate governance[138] - The internal control audit report was issued by Lixin Accounting Firm, confirming the effectiveness of internal controls with a standard unqualified opinion[161] Employee and Management Structure - The company has a total of 963 production personnel, 272 sales personnel, and 412 technical personnel among its employees[147] - The company emphasizes a performance assessment system based on "open, fair, and just" principles, linking assessment results to positions, salaries, and rewards[148] - The total pre-tax remuneration received by the board members during the reporting period amounted to 5.84 million yuan[135]