Inform(SH:603066)2021-03-29 16:00Financial Performance - In 2020, the company's operating revenue was CNY 664,640,415.25, a decrease of 5.21% compared to CNY 701,143,165.59 in 2019[22] - The net profit attributable to shareholders was CNY 94,636,813.41, an increase of 21.13% from CNY 78,125,950.27 in the previous year[22] - The cash flow from operating activities was CNY 128,633,432.81, a significant increase of 4090.41% compared to a negative cash flow of CNY -3,223,564.94 in 2019[22] - The basic earnings per share for 2020 was CNY 0.3209, representing a growth of 23.52% from CNY 0.2598 in 2019[24] - The company's net assets attributable to shareholders increased by 6.89% to CNY 1,043,385,462.81 at the end of 2020, compared to CNY 976,119,156.09 at the end of 2019[22] - The proposed cash dividend is CNY 0.65 per share, totaling CNY 19,121,704.81, which accounts for 38.48% of the net profit attributable to shareholders[6] - The weighted average return on equity increased to 9.36% in 2020, up from 8.06% in 2019, reflecting a 1.3 percentage point increase[24] - The diluted earnings per share remained at CNY 0.3209, consistent with the basic earnings per share[24] - The net profit after deducting non-recurring gains and losses was CNY 56,330,788.09, a decrease of 13.2% from CNY 64,898,384.15 in 2019[22] Revenue Breakdown - The company's total revenue for 2020 was approximately ¥664,640,415.25, with quarterly revenues of ¥89,018,014.95 in Q1, ¥237,310,809.06 in Q2, ¥126,858,371.70 in Q3, and ¥211,453,219.54 in Q4[27] - The net profit attributable to shareholders for the year was approximately ¥94,736,809.31, with quarterly figures of ¥18,665,409.91 in Q1, ¥41,180,414.71 in Q2, ¥17,394,324.74 in Q3, and ¥17,396,664.05 in Q4[27] - The net cash flow from operating activities for the year was approximately ¥128,633,432.81, with quarterly cash flows of ¥12,934,807.59 in Q1, ¥41,178,994.73 in Q2, ¥36,759,571.09 in Q3, and ¥37,760,059.40 in Q4[27] Industry Context - In 2020, the total revenue of the logistics industry reached 10.5 trillion yuan, an increase of 2.2% compared to the previous year[39] - The cold chain logistics industry order amount increased by 65.19% in 2020 compared to 2019, driven by rising demand due to the pandemic[48] - The company's logistics total expenses for 2020 were 1.49 trillion yuan, with a year-on-year growth of 2.0%[40] Business Operations - The company operates in the logistics and warehousing equipment manufacturing sector, focusing on warehouse robot systems, high-precision shelving, and operational services[33] - The company provides customized system integration solutions that automate various logistics processes, enhancing efficiency and reducing labor costs[36] - The company has diversified its sales channels through e-commerce platforms and live streaming sales, aiming for a more varied revenue stream[37] - The company is involved in high-precision shelving production through an order-based manufacturing model, responding to specific customer needs[36] - The company’s operational services include maintenance of automated warehousing equipment and cold chain operations, contributing to service revenue and sales of warehouse robot systems[37] - The company’s business model integrates research and development, manufacturing, installation, and operational services, targeting multiple industries including smart manufacturing and e-commerce[35] Research and Development - Total R&D investment amounted to CNY 26,559,443.38, accounting for 4.00% of total revenue, with 129 R&D personnel, representing 13.55% of the total workforce[68] - The company has made significant advancements in software development, achieving CMMI3 certification and obtaining 10 software copyrights[50] Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.65 CNY per 10 shares, totaling 19,121,704.81 CNY, which represents 38.48% of the net profit attributable to shareholders for 2020[98] - The cash dividend for 2019 was 0.52 CNY per 10 shares, totaling 15,297,363.97 CNY, which was 20.01% of the net profit attributable to shareholders[96] - The company has a profit distribution policy that mandates a minimum cash dividend of 20% of the distributable profit in years of significant capital expenditure[95] Financial Management - The company has entrusted financial management with a total amount of CNY 1,110,048,393, with no overdue amounts[122] - The company has engaged in various financial management products with expected annualized returns ranging from 4.55% to 5.8%[125] - The company has received a total of CNY 1,000,000 in returns from its financial management activities[125] Governance and Compliance - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[165] - The company is focused on maintaining a strong governance structure through regular elections and appointments of board members[164] - The company has a commitment to transparency in its financial reporting and management practices[163] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming year[1] - Future guidance indicates a cautious outlook due to market uncertainties but aims for a gradual recovery in revenue growth[1]