Apex(SH:603383)2021-04-16 16:00Financial Performance - The company's operating revenue for 2020 was CNY 350,026,640.26, representing a year-on-year increase of 2.98% compared to CNY 339,891,140.89 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 108,507,705.85, a decrease of 14.69% from CNY 127,185,538.72 in 2019[25]. - The net cash flow from operating activities increased by 33.92% to CNY 161,969,594.04 in 2020, compared to CNY 120,940,523.48 in 2019[25]. - The total assets at the end of 2020 were CNY 1,480,679,992.46, reflecting an 11.19% increase from CNY 1,331,629,380.90 at the end of 2019[25]. - The basic earnings per share for 2020 was CNY 0.6477, down 14.81% from CNY 0.7603 in 2019[25]. - The total net profit after deducting non-recurring gains and losses for 2020 was CNY 91,127,147.07, a decrease of 14.81% from CNY 106,963,735.99 in 2019[25]. - The weighted average return on equity decreased to 9.50% in 2020 from 11.81% in 2019, a decline of 2.31 percentage points[25]. - The company reported a decrease in investment income by 4.04% to ¥15,844,990.76 from ¥16,512,758.13, indicating a slight decline in investment performance[69]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 67.3 million RMB, which represents 62.02% of the net profit attributable to shareholders for the year 2020[6]. - The company distributed a cash dividend of 5 RMB per 10 shares (including tax) and increased capital by 4 shares for every 10 shares held, totaling 60,092,620 RMB in cash dividends and 48,074,096 shares issued from capital reserves[110]. - In 2020, the cash dividend payout ratio was 62.02%, with a net profit attributable to ordinary shareholders of 108,507,705.85 RMB[113]. - The company has maintained its cash dividend policy without any adjustments during the reporting period[112]. - The company has implemented a complete mechanism to protect the legitimate rights and interests of minority investors in its cash dividend policy[110]. Risk Management - The company has outlined potential risks in its business operations, which are detailed in the report[8]. - The company has a comprehensive risk disclosure section in the report, highlighting possible challenges[8]. - The report includes a forward-looking statement risk declaration, advising investors to be aware of investment risks[7]. - The company faces risks from intensified industry competition and potential technological obsolescence if it fails to keep pace with technological advancements[106][107]. - The company is at risk of losing tax incentives if it fails to meet the required conditions in the future, which could adversely affect its performance[108]. Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial report's accuracy and completeness[5]. - The board of directors has confirmed that all members attended the board meeting, ensuring proper governance[5]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company has committed to not engage in any business that competes directly or indirectly with its subsidiaries, ensuring compliance with market principles[118]. - The company has a complete decision-making process for profit distribution, requiring board approval and shareholder meeting ratification[110]. Research and Development - Research and development expenses increased by 24.84% to ¥88,747,003.89 from ¥71,085,998.15, reflecting the company's commitment to enhancing R&D investments[69]. - The company plans to enhance its research in foundational technologies such as big data, artificial intelligence, and blockchain, focusing on low-latency trading technologies and distributed systems[98]. - The company is actively investing in new product development, with a budget allocation of 10 million for R&D initiatives[196]. - The company employed 452 R&D personnel, representing 30.34% of the total workforce[81]. Market Expansion and Strategy - The company aims to expand its business in the financial sector, leveraging its proprietary business architecture platform to provide information technology solutions[36]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on tech startups[196]. - The management team highlighted future growth prospects, aiming for a revenue increase of 20% in the upcoming fiscal year[196]. - Market expansion strategies include targeting three new regions, projected to contribute an additional 5% to overall revenue[196]. - The company’s strategic focus includes expanding its market presence in IoT and smart manufacturing sectors, leveraging its technological capabilities[185]. Shareholder Structure - The total number of ordinary shares increased to 168,250,516 after a capital reserve conversion of 48,074,096 shares and a cash dividend distribution of 60,092,620 RMB[169]. - The largest shareholder, Yan Mengyu, holds 35,887,614 shares, representing 21.33% of the total shares[175]. - The company has no controlling shareholder or actual controller, ensuring a more diversified ownership structure[180]. - The total number of shares held by the top ten unrestricted shareholders amounts to 100,000,000 shares, indicating a concentrated ownership structure[179]. - The company’s board of directors and senior management have seen significant increases in shareholdings, reflecting confidence in the company's future performance[191]. Corporate Social Responsibility - The company donated CNY 150,000 to Fuzhou Lung Hospital for COVID-19 prevention efforts[160]. - The company donated CNY 200,000 to Fuzhou University and CNY 100,000 to Fujian Normal University to support education[160]. - The company contributed CNY 100,000 to poverty alleviation efforts in Gansu Province[160].