TECHMATION(SH:603015)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was CNY 749,678,649.61, representing a year-on-year increase of 24.83% compared to CNY 600,541,004.28 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 61,914,235.77, an increase of 86.81% from CNY 33,142,421.97 in 2019[23]. - The net profit after deducting non-recurring gains and losses was CNY 51,096,129.21, up 153.18% from CNY 20,181,915.08 in 2019[23]. - The company's total assets at the end of 2020 were CNY 2,043,619,805.27, a 17.20% increase from CNY 1,743,631,047.36 at the end of 2019[23]. - The basic earnings per share for 2020 was CNY 0.15, an increase of 87.50% compared to CNY 0.08 in 2019[25]. - The weighted average return on equity for 2020 was 5.00%, an increase of 2.26 percentage points from 2.74% in 2019[25]. - The net cash flow from operating activities for 2020 was CNY 54,093,099.11, a decrease of 33.30% from CNY 81,101,655.38 in 2019[23]. - The company achieved operating revenue of 749.68 million yuan, an increase of 24.83% compared to the same period last year[50]. - The net profit attributable to the parent company reached 61.91 million yuan, reflecting an 86.81% growth year-on-year[50]. - The net profit after deducting non-recurring gains and losses was 51.10 million yuan, a significant increase of 153.18% year-on-year[50]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.10 per share (including tax) to all shareholders for the 2020 fiscal year[7]. - The company did not distribute cash dividends for the fiscal year 2019, and the profit distribution plan for 2019 was to retain undistributed profits for future allocation[104]. - In 2020, the company declared a cash dividend of 1.00 RMB per 10 shares, with a total cash distribution amounting to 40,421,900 RMB, representing 65.29% of the net profit attributable to shareholders[106]. - The company did not propose a cash profit distribution plan for the fiscal year 2020 despite having positive distributable profits[108]. - The company has established a differentiated cash dividend policy based on its development stage, prioritizing cash dividends in its profit distribution policy[104]. - The company’s cash dividend distribution reflects its commitment to shareholder returns while managing its retained earnings for future growth[104]. Risk Management - There are no significant risks that materially affect the company's operations during the reporting period[9]. - The company has a comprehensive risk management strategy in place to address potential operational risks[9]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for providing guarantees to external parties[9]. - The company maintains a low level of financial risk with no guarantees provided to shareholders or related parties[133]. Audit and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company emphasizes the importance of accurate and complete financial reporting, with management taking legal responsibility for the report[10]. - The company has not made any changes to accounting policies or estimates that would impact financial reporting[115]. - The company has not encountered any issues with the completion of performance commitments affecting goodwill impairment testing[115]. - The company strictly adheres to insider information management regulations, effectively preventing insider trading risks and enhancing corporate governance[191]. Research and Development - R&D investment accounted for 8.42% of operating revenue in 2020, with R&D personnel constituting 45% of the total workforce[41]. - The company holds 202 authorized patents, including 57 invention patents, and has participated in drafting multiple national and industry standards[42]. - The company is actively developing new products, including a new generation control system and high-end servo systems, to enhance competitiveness and expand market applications[69]. - The company has established strategic partnerships with institutions such as Siemens and the Taiwan Industrial Technology Research Institute to enhance its R&D capabilities[37]. Market Position and Strategy - The company holds the leading market share in China's injection molding machine control systems, focusing on automation solutions for mid-to-high-end plastic machinery manufacturers[33]. - The company is focused on integrating intelligent manufacturing and information technology, aligning with the "Made in China 2025" strategy[44]. - The company is committed to expanding its market presence in the renewable energy sector, capitalizing on favorable policies and market opportunities[89]. - The company aims to consolidate its leading position in the plastic machinery control and drive systems market, with a focus on high-end electric injection molding machines, which are increasingly favored in the Chinese market[94]. - The company is expanding its product applications beyond plastic machinery to include sectors such as metal processing, with a focus on electric systems for bending machines[94]. Corporate Governance - The company has established a clear protocol for notifying the market prior to any share reductions by major shareholders[112]. - The company has implemented a restricted stock incentive plan, with details disclosed in various announcements, including the approval of the plan by the board and the completion of stock registration[123]. - The company has a robust employee rights protection system, ensuring compliance with labor laws and providing various social security benefits[143]. - The company has established a comprehensive investor relations management system to enhance interaction with investors[187]. Shareholder Information - The total number of ordinary shares decreased by 2,869,000 shares due to the cancellation of restricted stock from the 2017 incentive plan, resulting in a total of 407,088,000 shares at the end of the reporting period[151]. - RED FACTOR LIMITED holds 199,215,600 shares, representing 49.28% of total shares, with 109,620,000 shares pledged[157]. - The total number of common stock shareholders at the end of the reporting period was 23,159, a decrease from 23,929 at the end of the previous month[155]. - The company does not have any shareholders holding more than 10% of shares other than the controlling shareholder[163]. Employee and Management - The company has implemented a salary policy that balances internal equity and market competitiveness to attract and retain talent[179]. - The company has a total of 338 technical personnel among its employees, indicating a strong focus on technical expertise[178]. - The total compensation for all directors, supervisors, and senior management amounted to 7.7163 million yuan (pre-tax) at the end of the reporting period[174]. - The company has established detailed annual training plans to enhance employee skills across various areas, including management and technology[180].