INESA-it(SH:600602)2021-03-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.55 RMB per 10 shares, totaling 75,222,040.03 RMB, which accounts for 30.25% of the net profit attributable to shareholders in 2020[4]. - The company reported a retained earnings of 969,380,959.78 RMB after the dividend distribution[4]. - The company did not conduct a capital reserve transfer to increase share capital in 2020[4]. - The company distributed a cash dividend of 0.54 CNY per 10 shares for the year 2019, totaling 73,854,366.57 CNY, which accounted for 30.54% of the net profit attributable to shareholders[84]. - For the year 2020, the proposed cash dividend is 0.55 CNY per 10 shares, amounting to 75,222,040.03 CNY, representing 30.25% of the net profit attributable to shareholders[85]. - The company's total share capital as of the end of 2019 was 1,367,673,455 shares, which serves as the basis for the dividend distribution[84]. - The net profit attributable to shareholders for 2020 was reported at 248,655,432.17 CNY[85]. - The company has not proposed any capital reserve fund conversion into share capital for the year 2020[84]. - The company plans to carry forward an undistributed profit of 969,380,959.78 CNY to future years after the dividend distribution[84]. - The cash dividend distribution plan for 2020 is subject to approval at the annual shareholders' meeting[84]. - The company has consistently adhered to its cash dividend policy, protecting the rights of minority investors[84]. Financial Performance - The company's operating revenue for 2020 was approximately ¥4.59 billion, a decrease of 6.13% compared to 2019[16]. - Net profit attributable to shareholders for 2020 was approximately ¥248.66 million, reflecting a 2.84% increase year-over-year[16]. - The net cash flow from operating activities increased by 53.15% to approximately ¥465.31 million in 2020[16]. - Basic earnings per share for 2020 were ¥0.182, up 2.82% from ¥0.177 in 2019[17]. - The weighted average return on equity for 2020 was 5.915%, a slight decrease of 0.070 percentage points from 2019[17]. - The company achieved operating revenue of 4.589 billion yuan and a net profit attributable to shareholders of 249 million yuan, with a year-on-year growth of 23.15% in net profit after deducting non-recurring gains and losses[34]. - Operating cash flow increased by 53.15% year-on-year, reaching 465 million yuan[34]. - The company reported a significant increase in non-operating income, which rose by 71.39% to ¥19,702,079.75, mainly due to government subsidies[41]. - The company reported a total revenue of RMB 4,589,218,681.63 for the year 2020[192]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The board of directors and senior management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements or omissions[4]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[98]. - The company has confirmed that there are no major debts or court judgments that have not been fulfilled by the company or its major shareholders during the reporting period[102]. - The company has not reported any significant accounting errors that would require correction during the reporting period[95]. - The company has not experienced any asset or project profitability forecasts that were not met during the reporting period[92]. - The company has not disclosed any significant changes in its internal control audit firm during the reporting period[96]. - The company has not faced any issues related to the occupation of funds or collection progress during the reporting period[92]. - The company confirmed compliance with all relevant laws and regulations regarding related party transactions[91]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion on the effectiveness of the company's internal controls[192]. - The company has engaged an independent audit firm to evaluate the effectiveness of its internal controls[192]. Operational Highlights - The company increased investment in data center construction, launching the Songjiang Big Data Computing Center, and optimizing existing IDC infrastructure and value-added services[29]. - The company's R&D investment reached 299.1 million, with a 146% increase in the number of applied intellectual property rights compared to the previous year[29]. - The company actively participated in the construction of Shanghai's "City Brain" and the municipal disaster recovery center, enhancing its role in the city's digital transformation[29]. - The company was recognized as one of the "Top 10 Most Influential Enterprises" in the smart city industry and received various awards from industry partners[31]. - The company aims to strengthen its core technology and transition to an integrated service model combining software and hardware[29]. - The company is focused on high-quality development amidst the challenges posed by the pandemic and complex economic conditions[29]. - The company is positioned as a comprehensive solution provider and operator for smart city initiatives, enhancing its capabilities across various sectors[29]. - The company has established a three-level R&D linkage system, achieving significant results in project implementation[29]. - The company has been awarded multiple national administrative licenses, enhancing its operational qualifications[29]. - The company is actively involved in the construction and operation of the "One Network for All" and "One Network for Management" projects in Shanghai, enhancing smart city initiatives[34]. Market Presence and Clientele - The company has over 5,000 cumulative clients, including many Fortune 500 companies, indicating a strong market presence[34]. - The IDC business added 201 new customer contracts in 2020, reflecting growth in cloud services[34]. - The company is committed to expanding its market presence in the Yangtze River Delta integration urban cluster, particularly in big data platform construction[78]. - The company is set to enhance its brand building and product upgrades in response to the State-owned Assets Supervision and Administration Commission's initiatives[78]. Research and Development - The company has established a three-level R&D linkage system to enhance its core capabilities in project planning and platform development[40]. - The company invested ¥299,107,746.47 in R&D, filing 82 intellectual property applications, including 33 invention patents[41]. - The number of R&D personnel was 1,291, representing 52.82% of the company's total workforce[57]. - The company has a total of 8 employees with a doctoral degree and 91 with a master's degree, reflecting a highly educated workforce[170]. Corporate Social Responsibility - The company invested ¥240,000 in healthcare resources in impoverished areas as part of its social responsibility initiatives[132]. - A total of 2,000 individuals received vocational skills training, with an investment of ¥80,000 in training programs[132]. - The company has initiated two agricultural poverty alleviation projects with an investment of ¥20,210[132]. - The company actively engaged in poverty alleviation by purchasing agricultural products from impoverished areas, successfully helping two targeted villages pass preliminary poverty alleviation assessments[135]. - The company donated emergency water quality testing equipment to ensure water safety in affected areas[135]. - The company emphasized corporate social responsibility by promoting employee development and enhancing corporate culture[135]. Governance and Management - The company is led by a diverse team with extensive experience in various sectors, including engineering and finance[156]. - The board includes independent directors with backgrounds in law and finance, enhancing governance and oversight[156]. - The company has maintained a stable management structure with no significant changes in personnel during the reporting period[154]. - The overall governance structure is supported by a mix of experienced professionals and independent directors, ensuring effective decision-making[156]. - The total remuneration for the company's directors, supervisors, and senior management was CNY 4.7475 million for the 2020 fiscal year[165]. - The company employed a total of 2,444 staff, with 75 in the parent company and 2,369 in major subsidiaries[170]. - The company has a total of 8 employees with a doctoral degree and 91 with a master's degree, reflecting a highly educated workforce[170]. Risks and Challenges - The company faces risks related to macroeconomic policy changes that could impact market demand in the smart city sector[81]. - The company recognizes the rapid evolution of technologies like AI and big data, necessitating continuous innovation and R&D investment[81]. - The company is aware of potential goodwill impairment risks due to market fluctuations and the performance of acquired entities[81].