Keli Sensing Technology (Ningbo) (SH:603662)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was RMB 835,357,791.61, representing a year-on-year increase of 12.82% compared to RMB 740,456,071.73 in 2019[24]. - The net profit attributable to shareholders for 2020 was RMB 220,053,778.77, which is a 20.19% increase from RMB 183,088,874.87 in 2019[24]. - The net profit after deducting non-recurring gains and losses was RMB 187,466,215.00, showing a significant increase of 40.65% from RMB 133,281,918.08 in 2019[26]. - The net cash flow from operating activities reached RMB 267,007,493.12, up 54.76% from RMB 172,525,428.78 in the previous year[26]. - The total assets at the end of 2020 were RMB 2,434,712,121.37, reflecting a 16.40% increase from RMB 2,091,712,621.42 at the end of 2019[24]. - The basic earnings per share for 2020 decreased by 14.13% to RMB 1.58, down from RMB 1.84 in 2019, primarily due to an increase in total share capital[27]. - The weighted average return on equity for 2020 was 11.82%, a decrease of 2.27 percentage points from 14.09% in 2019[27]. - The company reported a net profit of RMB 63,239,553.50 in Q4 2020, with total operating revenue for the quarter at RMB 254,357,489.55[31]. - The gross profit margin for the sensor segment decreased by 3.14 percentage points to 34.03%, with sales revenue of ¥517,988,464.16, up 10.59% year-on-year[72]. - The company reported a significant increase in other business income by 26.33%, reaching ¥23,948,783.25 compared to ¥18,957,029.21 last year[71]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 4 RMB per 10 shares (including tax) and to increase capital by converting 4 shares for every 10 shares held[6]. - The company distributed cash dividends amounting to approximately CNY 66.86 million, representing 30.38% of the net profit attributable to ordinary shareholders[132]. - The total number of ordinary shares increased to 167,160,636, with an increase of 47,760,182 shares due to capital reserve conversion[171]. - The net asset value per share is reported at 11.54 RMB following the share increase[174]. - The proportion of limited sale shares decreased from 75.00% to 54.42% after the conversion[171]. Risk Management and Compliance - The company reported no significant risks that could materially affect its operations during the reporting period[10]. - The audit report issued by the accounting firm was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[5]. - The company has established a risk statement regarding forward-looking statements, highlighting uncertainties in future plans[7]. - The company has committed to ensuring that it will not incur any losses due to tax-related penalties or other financial obligations[146]. - The company has not faced any risks of suspension or termination of its listing status[153]. Research and Development - The total R&D expenses for the period were ¥46,876,488.00, an increase of 18.10% from ¥39,693,400.68 in the previous year[70]. - The company holds 421 patents and 201 software copyrights, emphasizing its commitment to R&D and innovation[58]. - The company is developing new IoT products, including a non-stop detection system and smart logistics equipment, with ongoing projects in various innovative areas[64]. - The company has invested 100 million yuan in building a testing center with capabilities for various performance tests, including IoT product performance and EMC performance testing[61]. - The company is focusing on replacing imported high-end sensors with domestically developed alternatives to enhance reliability in industrial applications[113]. Market Strategy and Expansion - The company is focused on expanding its market presence in various industries, including environmental protection, intelligent manufacturing, and logistics[36]. - The company plans to accelerate the development of new IoT products and high-end products, focusing on market leadership in sensor technology[68]. - The company is enhancing its market development strategies, including improving international sales models and establishing a multilingual online platform[68]. - The company aims to achieve approximately 200 million in annual sales growth for both the previous and current year through financial investments to alleviate profit growth pressure[109]. - The company is targeting the authorization of 500 intellectual properties by the end of 2021, aiming to strengthen core patent protection[113]. Corporate Governance - The company has a commitment to transparency, with all board members present at the board meeting[4]. - The company has established strict guidelines to prevent the transfer of benefits to other entities or individuals under unfair conditions[141]. - The company will ensure that any compensation or benefits for directors are linked to performance metrics, promoting accountability[141]. - The company has committed to not reducing its shareholding within 36 months post-IPO, ensuring stability in stock prices[139]. - The actual controller pledged to cover any unpaid or insufficiently paid social insurance contributions, ensuring the company does not suffer any financial losses due to these issues[142]. Environmental and Social Responsibility - The company has implemented a sustainable development plan focusing on circular economy principles, enhancing its environmental management practices[167]. - The company donated 2 million for COVID-19 prevention efforts and 100,000 for targeted poverty alleviation in 2020[167]. - The company has established an environmental management system compliant with ISO 14001 standards[170]. - The company has not reported any significant environmental violations or issues during the reporting period[170]. Shareholder Relations - The company has established an investor relations platform to enhance communication and transparency with potential investors[123]. - The company will announce any share reduction plans three trading days in advance, maintaining transparency with investors[139]. - The company has not disclosed any additional necessary information as required by securities regulatory authorities[175]. - The company has no major litigation or arbitration matters during the reporting period[155].