QUICK CO.,(SH:603203)2021-04-29 16:00Dividend Policy - The company plans to distribute a cash dividend of 8.00 yuan per 10 shares (including tax) and to increase capital by 2 shares for every 10 shares held[6]. - The company has established a cash dividend policy, distributing at least 20% of the distributable profits as cash dividends when profitable[122]. - For the fiscal year 2020, the company distributed a cash dividend of 8.00 yuan per 10 shares, totaling 125,227,029.60 yuan, which represents 70.67% of the net profit attributable to ordinary shareholders[140]. - In 2019, the company distributed a cash dividend of 2.10 yuan per 10 shares, totaling 32,872,095.27 yuan, which was 18.92% of the net profit attributable to ordinary shareholders[140]. - The company has a differentiated cash dividend policy, requiring a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[124]. - The board of directors must provide a detailed explanation if the cash dividend does not meet the specified ratio due to significant capital expenditures[132]. - The company has not adjusted its cash dividend policy during the reporting period[138]. - The company actively engages with shareholders, especially minority shareholders, to gather their opinions before finalizing the cash dividend plan[132]. Financial Performance - The company's operating revenue for 2020 was CNY 534,986,054.08, representing a year-on-year increase of 16.08% compared to CNY 460,876,833.63 in 2019[23]. - The net profit attributable to shareholders of the listed company for 2020 was CNY 177,189,135.86, a slight increase of 1.99% from CNY 173,727,482.87 in 2019[23]. - The net profit after deducting non-recurring gains and losses was CNY 155,353,370.63, which is a 5.45% increase from CNY 147,328,423.85 in 2019[26]. - The net cash flow from operating activities for 2020 was CNY 215,058,093.15, up 23.10% from CNY 174,708,586.06 in 2019[26]. - The total assets at the end of 2020 were CNY 1,399,382,432.86, reflecting a year-on-year growth of 21.08% from CNY 1,155,756,249.66 in 2019[26]. - The company's weighted average return on equity for 2020 was 16.40%, down 2.60 percentage points from 19.00% in 2019[27]. - The basic earnings per share for 2020 was CNY 1.13, a 1.80% increase from CNY 1.11 in 2019[27]. - The company reported a quarterly revenue of CNY 168,910,916.89 in Q4 2020, with a net profit of CNY 47,613,369.70 attributable to shareholders[30]. Audit and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company is committed to ensuring the authenticity and accuracy of the financial report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has confirmed that all board members attended the board meeting[5]. - The company has not faced any issues with more than half of the directors being unable to guarantee the report's authenticity[8]. - The company has no significant litigation or arbitration matters during the reporting period[163]. - There are no adverse integrity issues reported for the company or its major stakeholders during the reporting period[163]. Risk Management - The company has detailed potential risk factors and countermeasures in the report[10]. - The company is focused on managing risks related to accounts receivable and inventory impairment, ensuring effective credit management and supply chain oversight[114]. - The company is prepared to address potential risks from intensified market competition and technological advancements through continuous innovation and service enhancement[113]. - The company will implement measures to mitigate foreign exchange risks as it expands its international business operations[116]. Research and Development - R&D expenses amounted to 3,552.35 million yuan, up 27.39% year-on-year, accounting for 6.64% of the operating revenue[64]. - The company is focusing on developing flexible electronic assembly capabilities, investing in machine vision detection and high-speed precision dispensing technologies[63]. - The company is increasing its R&D efforts in micro-assembly semiconductor packaging and testing technologies[106]. - The company plans to enhance its R&D investment to lead in electronic precision welding technology, focusing on automation and intelligent solutions for electronic assembly[102]. - The company aims to provide intelligent equipment solutions for precision electronic assembly and semiconductor micro-assembly detection[101]. - The company is actively strengthening its layout in the micro-assembly field, responding to the growing demand for high-precision micro-assembly and testing equipment[109]. Market and Product Development - The company focuses on the research and development of electronic assembly technology, accumulating rich experience in precision welding and adhesive bonding, and providing intelligent equipment and process solutions for industries such as 3C consumer electronics, automotive electronics, and 5G communications[37]. - Domestic sales revenue reached 47,741.20 million yuan, accounting for 89.93% of the main business revenue, with exports to regions including Malaysia, Mexico, the United States, Taiwan, Russia, Vietnam, and Germany[56]. - The company has developed a series of intelligent welding technologies, including soldering, hot air welding, high-frequency welding, infrared welding, and laser welding, enhancing its core competitiveness in advanced manufacturing[58]. - The company has a complete product line that includes precision welding, adhesive bonding, visual inspection, and smoke filtration, which increases customer stickiness and provides one-stop solutions[58]. - The automated production line for millimeter-wave radar achieves a production yield of ≥99%, indicating high efficiency in the automotive application sector[56]. - The company is actively expanding its market presence in the smart manufacturing equipment industry, aligning with national strategic emerging industries[56]. - The company achieved operating revenue of 53,498.61 million yuan, representing a year-on-year growth of 16.08%[62]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 15,535.34 million yuan, an increase of 5.45% compared to the previous year[62]. - The net cash flow from operating activities increased by 23.10% year-on-year, indicating strong profitability and management capability[62]. - The production volume of electronic welding and assembly automation equipment increased by 35.65% year-on-year, while sales volume rose by 27.33%[75]. Shareholder Commitments - The actual controller and major shareholders committed to not reducing their shareholdings below the issue price for two years after the lock-up period ends[147]. - The chairman and senior management committed to not transferring more than 25% of their shares annually during their tenure and not transferring any shares within six months after leaving[147]. - The controlling shareholder and major shareholders committed to not reducing their holdings by more than 10% annually during the 24 months following the lock-up period[147]. Related Party Transactions - The company will strictly adhere to market principles in related party transactions and ensure fair pricing[155]. - The company has committed to not obtaining any improper benefits through related party transactions[155]. - The company has implemented measures to ensure that management does not interfere with its operations or infringe on its interests[157]. Financial Investments - The company has invested a total of ¥15,600,000 in trust financial products and ¥95,671,000 in bank financial products, with an outstanding balance of ¥4,400,000 and ¥57,500,000 respectively[186]. - The company has a total of ¥26,700,000 in bank financial products funded by raised capital, with no outstanding balance reported[186]. - The company has a significant investment of ¥207,000,000 in a financial product with Jiangsu Jiangnan Rural Commercial Bank, with an annualized return rate of 4.15% and a total expected return of ¥2,212,347.95, which has been fully recovered[190]. - The company has another trust financial product with Bank of China International Securities, amounting to ¥6,000,000, with an annualized return rate of 4.25% and a total expected return of ¥86,630.14, which has also been fully recovered[188].