Tstc(SH:600552)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥5.07 billion, an increase of 12.16% compared to ¥4.52 billion in 2019[21]. - The net profit attributable to shareholders for 2020 was approximately ¥120.78 million, representing a growth of 25.15% from ¥96.51 million in 2019[21]. - The net cash flow from operating activities increased by 78.17% to approximately ¥126.98 million in 2020, up from ¥71.27 million in 2019[21]. - Basic earnings per share for 2020 were ¥0.1581, a rise of 25.18% compared to ¥0.1263 in 2019[22]. - The total assets of the company at the end of 2020 were approximately ¥7.53 billion, reflecting an increase of 8.93% from ¥6.92 billion at the end of 2019[21]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥2.53 billion, a slight increase of 1.78% from ¥2.49 billion at the end of 2019[21]. - Operating revenue for Q3 2020 was CNY 1,638,198,378.93, while Q4 2020 revenue was CNY 1,439,490,624.65[25]. - Net profit attributable to shareholders for Q4 2020 was CNY 42,814,495.51, showing a recovery from a loss in Q1 2020[25]. - The company reported a total of CNY 115,470,705.61 in non-recurring gains and losses for 2020, compared to CNY 76,090,888.76 in 2019[25]. - The company achieved a revenue of over 5 billion yuan and a profit of over 200 million yuan, both setting historical highs[36]. Research and Development - The company applied for 71 patents during the reporting period, including 46 invention patents, and received 44 new authorized patents, with 11 being invention patents[37]. - The company reported a significant increase in sales revenue from new display products, contributing to overall revenue growth[41]. - Research and development expenses increased by 18.24% to ¥230,157,098.82, up from ¥194,649,004.22[41]. - Total R&D investment reached 298,551,622.03 CNY, with 230,157,098.82 CNY expensed and 68,394,523.21 CNY capitalized[51]. - The company is actively pursuing innovation in high-end refractory materials and advanced ceramic colorants, targeting the mid-to-high-end zirconia market[37]. Market and Product Development - The new display segment is focusing on ultra-thin flexible glass (UTG) technology, with a project already underway for production[28]. - The zirconia series products remain the flagship of the new materials segment, maintaining a leading position in the industry[28]. - The company is expanding its product offerings in the new materials sector, including spherical quartz powder and nano barium titanate, to meet growing market demands[28]. - The flexible display market is expected to grow significantly, driven by advancements in 5G and other new technologies[28]. - The company aims to enhance its competitive advantage in the digital economy by advancing its new display and new materials businesses[28]. Financial Management - The company has a robust credit rating system for accounts receivable to manage collection risks effectively[71]. - The company has consistently achieved full recovery of investments across various financial products, demonstrating effective financial management[90]. - The company has utilized self-owned funds for all investments, indicating a strong capital position[90]. - The company has engaged in structured deposits with amounts of ¥10,000,000 and ¥15,000,000, both yielding a 2.35% annualized return, with actual returns of ¥32,123.29 and ¥53,095.89 respectively, fully recovered[90]. Corporate Governance - The company strictly adheres to the Company Law and relevant regulations, ensuring a well-structured corporate governance system[156]. - The board of directors consists of seven members, including three independent directors, and has established four specialized committees to assist in decision-making[156]. - The company ensures equal treatment of all shareholders, particularly protecting the rights of minority shareholders during general meetings[156]. - The company actively engages with investors through a dedicated investor relations management system, ensuring timely responses to inquiries[158]. Environmental and Social Responsibility - The company reported zero major safety or environmental incidents in 2020, reflecting its commitment to safety and environmental management[40]. - The company has implemented a comprehensive safety production responsibility system, enhancing safety management and achieving all annual ecological and environmental protection targets[102]. - The company has invested in energy-saving and pollution-reducing technologies, improving energy efficiency and reducing pollutant emissions[102]. - The company has successfully implemented poverty alleviation efforts in Shitai County, achieving a per capita income of over 5,000 yuan for households[99]. Shareholder Information - The total number of ordinary shareholders reached 35,964 by the end of the reporting period, an increase from 34,209 at the end of the previous month[120]. - The largest shareholder, Anhui Huaguang Optoelectronic Materials Technology Group Co., Ltd., holds 166,755,932 shares, representing 21.83% of total shares[121]. - The company has maintained its ordinary share capital structure without any changes during the reporting period[117]. - The company reported a cash dividend of 0.5 RMB per 10 shares for 2020, amounting to 38,194,200.15 RMB, which represents 31.62% of the net profit attributable to ordinary shareholders[74].