神驰机电(603109) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 1,561,604,672.29, representing a 22.90% increase compared to CNY 1,270,625,814.39 in 2019[21]. - The net profit attributable to shareholders of the listed company decreased by 4.83% to CNY 105,846,206.54 from CNY 111,219,387.29 in the previous year[21]. - The basic earnings per share for 2020 was CNY 0.722, down 28.62% from CNY 1.011 in 2019[23]. - The net profit for 2020 was RMB 105,846,200.00, a decrease of 4.83% year-on-year, with a net profit decline of 26.83% after excluding non-recurring gains and losses[47]. - The company's main business revenue increased by 21.83% to RMB 1,527,040,329.66, while the main business cost rose by 23.44% to RMB 1,147,223,273.41[50]. - The gross profit margin for the main business was 24.87%, a slight decrease of 0.98 percentage points compared to the previous year[52]. - The company achieved a net profit margin of 3.65% for the fiscal year 2020, indicating stable profitability[135]. Cash Flow and Dividends - The cash dividend proposed for 2020 is CNY 0.25 per share, with a total cash dividend payout of CNY 36,667,500, representing a cash dividend ratio of 34.64%[4]. - The net cash flow from operating activities was CNY 149,798,167.42, a decrease of 2.39% from CNY 153,461,021.40 in 2019[21]. - Operating cash flow decreased by 2.39% to 149,798,167.42 CNY, with no significant changes reported[65]. - The company reported a cash dividend of 2.50 RMB per 10 shares for 2020, with a total cash distribution of approximately 36.67 million RMB[87]. Assets and Liabilities - The company's total assets amounted to ¥2,161,330,615.22 in 2020, compared to ¥1,841,191,632.91 in 2019, marking an increase of around 17.4%[195]. - Total liabilities reached ¥842,190,335.68 in 2020, up from ¥588,763,440.91 in 2019, indicating a growth of approximately 43%[194]. - The company's total equity attributable to shareholders increased to ¥1,319,140,279.54 in 2020 from ¥1,252,428,192.00 in 2019, an increase of approximately 5.3%[195]. - Cash and cash equivalents decreased to ¥472,982,211.59 in 2020 from ¥967,194,995.74 in 2019, a decline of approximately 51%[193]. - Inventory increased to ¥300,313,502.80 in 2020, up from ¥217,327,134.22 in 2019, representing a growth of about 38.2%[193]. Research and Development - The company's R&D expenses for 2020 were CNY 44,462,515.48, up from CNY 32,173,090.88 in 2019, indicating a 38.2% increase[198]. - The company is focusing on new product development, with an investment of 500 million allocated for research and innovation[134]. - The company is actively expanding its product certifications to meet stringent international standards, enhancing its competitive advantage in foreign markets[43]. Market and Sales - The company has established a comprehensive marketing network with subsidiaries in the US, Dubai, Indonesia, Russia, and Nigeria, and plans to expand into Europe and South America[42]. - The company aims to continue expanding its international marketing network to enhance global sales capabilities[42]. - Total production volume reached 2,555,574 units, an increase of 38.63% year-over-year, while total sales volume was 2,479,525 units, up 31.32% year-over-year[54]. - The company reported a significant increase in user engagement, with a 20.83% rise in active users compared to the previous year[134]. Risks and Challenges - The company has outlined potential risks in its future development in the report, urging investors to be cautious[8]. - The company faced increased production costs due to rising raw material prices and higher tariffs on exports to the U.S., impacting profit margins[45]. - The company recognizes the impact of exchange rate fluctuations on its export business, particularly with the USD/RMB exchange rate affecting competitiveness[85]. - The company faces risks from global economic fluctuations, with a significant portion of revenue derived from exports, making it vulnerable to international market conditions[84]. Corporate Governance and Compliance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing[90]. - The company will ensure that any violations of share transfer commitments will result in the income being allocated to the company[98]. - The company has a plan to stabilize its stock price if it falls below the audited net asset value per share for 20 consecutive trading days[102]. - The company has appointed Sichuan Huaxin (Group) CPA as the auditor for the 2020 fiscal year, with an audit fee of RMB 680,000[121]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies[174]. Social Responsibility - The company donated 150,000 masks to support pandemic prevention efforts[138]. - The company provided 140 generator sets to assist with winter power shortages in Tibet[138]. - The company has established a humanized care policy for employees to enhance their well-being[138]. - The company participated in poverty alleviation efforts in Chongqing, engaging in one-on-one assistance programs[138].