VASTDATA(SH:603138)2021-04-15 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 34,653,432.26 for the year 2020, with the parent company's net profit at RMB 50,157,987.90[5]. - The company's operating revenue for 2020 was approximately ¥396.71 million, a decrease of 28.04% compared to ¥551.29 million in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥34.65 million, down 41.02% from ¥58.76 million in 2019[23]. - The basic earnings per share for 2020 was ¥0.14, a decline of 39.13% from ¥0.23 in 2019[24]. - The weighted average return on equity decreased to 6.89% in 2020, down 5.94 percentage points from 12.83% in 2019[24]. - The net cash flow from operating activities increased significantly to approximately ¥85.45 million, a 174.21% increase from ¥31.16 million in 2019[23]. - The total assets at the end of 2020 were approximately ¥720.07 million, reflecting a 4.36% increase from ¥689.97 million at the end of 2019[23]. - The company's net assets attributable to shareholders increased by 5.46% to approximately ¥516.14 million at the end of 2020, compared to ¥489.42 million at the end of 2019[23]. Dividend Distribution - A total of RMB 5,151,000.00 will be distributed as cash dividends, amounting to RMB 0.20 per share based on a total share capital of 257,550,000 shares[5]. - The remaining undistributed profit after the dividend distribution will be RMB 240,618,439.84, which will be carried forward to the next year[5]. - The company plans to allocate 10% of the parent company's net profit, amounting to RMB 5,015,798.79, to the statutory surplus reserve[5]. - The company approved a cash dividend of CNY 0.04 per share, totaling CNY 8,422,150.80 for the fiscal year 2019, based on a total share capital of 210,553,770 shares[82]. - The company has established a three-year shareholder dividend return plan for 2020-2022 to enhance transparency and protect investors' rights[81]. Risk Management - The company has provided a detailed description of potential risks in the report, emphasizing the importance of investor awareness[9]. - The company recognizes potential risks including technology, market, and talent risks, and is implementing strategies to mitigate these challenges[79]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. Corporate Governance - The report includes a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial statements[4]. - The company’s independent directors fulfilled their responsibilities during the decision-making process for profit distribution, ensuring compliance and transparency[83]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, maintaining clear standards and distribution ratios[82]. - The company has established a transparent communication channel with investors, ensuring timely and accurate information disclosure[125]. - The independent directors have been able to perform their duties independently without influence from major shareholders or actual controllers[173]. Business Operations - The company operates primarily in the software and information technology services industry, which is experiencing steady growth due to strong economic development and information technology investments in China[34]. - The company’s core business is database technology, supported by data computing and storage services, forming a "one core, two wings" business structure[34]. - The company has over 2,000 clients across various key industries, including government, finance, telecommunications, and energy[39]. - The company launched its proprietary product brand "Vast+" and service brand "Apollo+", along with industry-specific big data solutions "Data+"[44]. - The company has established three major R&D centers in Guangzhou, Hangzhou, and Beijing, with a new center in Nanjing under construction[43]. Shareholder Information - The top two shareholders, Chen Zhimin and Zhu Huawai, hold 30.65% and 29.51% of the shares respectively, with a total of 152,007,754 shares between them[142]. - The company does not have any controlling shareholders or actual controllers, as confirmed in the report[145]. - The number of ordinary shareholders increased from 24,624 to 26,439 during the reporting period[140]. - The company’s stock incentive plan included a total of 143,473,960 shares of restricted stock at the beginning of the year, with 143,436,076 shares released during the year[137]. Future Outlook - The company’s future plans and development strategies are subject to risks and do not constitute a commitment to investors[7]. - The company plans to expand its marketing service network across seven major service centers in key economic regions, aiming to improve market share and customer response speed[76]. - The company aims to enhance user experience through strict adherence to user data protection laws and continuous optimization of service processes[76]. - The company has set a performance guidance for the next fiscal year, projecting a revenue growth of 15% to 20%[157]. Compliance and Legal Matters - There were no major lawsuits or arbitration matters reported for the year[107]. - The company has not faced any risks of suspension or termination of listing during the reporting period[106]. - The company has implemented a stock incentive plan, with the second unlock period for restricted stock achieved in April 2020[108]. - The company has maintained compliance with the relevant regulations of the China Securities Regulatory Commission regarding corporate governance[175].