Youon(SH:603776)2021-04-14 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥872.96 million, a decrease of 6.69% compared to ¥935.55 million in 2019[24]. - The net profit attributable to shareholders for 2020 was approximately ¥494.57 million, down 1.20% from ¥500.56 million in 2019[24]. - The net profit after deducting non-recurring gains and losses increased by 10.63% to approximately ¥123.77 million in 2020 from ¥111.88 million in 2019[24]. - The total assets at the end of 2020 were approximately ¥4.94 billion, an increase of 24.60% from ¥3.96 billion at the end of 2019[24]. - The basic earnings per share for 2020 was ¥2.66, a decrease of 1.12% from ¥2.69 in 2019[25]. - The company reported a cash flow from operating activities of approximately ¥352.17 million in 2020, down 10.19% from ¥392.14 million in 2019[24]. - The company’s net assets attributable to shareholders increased by 25.86% to approximately ¥3.40 billion at the end of 2020 from ¥2.70 billion at the end of 2019[24]. - The company achieved a total revenue of 873 million yuan in 2020, with a net profit attributable to shareholders of 495 million yuan, and a net profit of 124 million yuan after deducting non-recurring gains and losses[48]. - The company achieved a revenue of 873 million RMB, a decrease of 6.69% year-on-year, with net profit attributable to shareholders at 495 million RMB, down 1.20%[57]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.50 per 10 shares, totaling RMB 119,576,275, and will increase its total share capital to 224,372,700 shares through a capital reserve transfer of 2 shares for every 10 shares held[5]. - The company will distribute cash dividends of 6.50 RMB per 10 shares, totaling 119,576,275 RMB, based on the total shares of 183,963,500 after buybacks for the year 2020[102]. - The cash dividend distribution for 2019 was 1.80 RMB per 10 shares, amounting to 33,503,400 RMB, with a net profit of 500,563,028.19 RMB, resulting in a payout ratio of 6.69%[103]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[7]. - The company has committed to not transferring benefits to other entities or individuals unfairly, ensuring the protection of company interests[124]. - The company has committed to maintaining the legal rights of all shareholders and fulfilling its responsibilities diligently[124]. - The internal control audit report for the year 2020 received a standard unqualified opinion[198]. - The company has not faced any penalties from securities regulatory agencies in the past three years[184]. Business Operations and Strategy - The company operates in the shared mobility industry, which includes public transport, shared bicycles, and ride-hailing services[13]. - The company is focused on developing new technologies and products, including smart parking systems and data cloud technology for enhanced operational efficiency[14]. - The company’s main business focuses on the development and operation of shared mobility systems based on IoT and cloud data technology[32]. - The company has established a sales system targeting both government and consumers through its DP platform and the 永安行 APP[33]. - The company has developed a comprehensive shared mobility system covering distances from 1 to 30 kilometers, integrating various transportation tools such as bicycles, e-bikes, and ride-hailing services[46]. - The company is expanding its market presence in lower-tier cities, promoting longer-distance e-bikes to meet local transportation needs[49]. - The company is committed to enhancing its operational efficiency and service quality, focusing on fine-tuned operations and compliance with regulatory standards to ensure sustainable growth[45]. - The company is leveraging its established credibility with local governments to rapidly expand its shared mobility services in various cities[93]. Research and Development - The company holds 182 valid patents, including 17 invention patents, and has made technological breakthroughs in hydrogen fuel electric vehicles and shared mobility platforms[51]. - The company has focused on R&D in hydrogen fuel vehicles, smart living platforms, and IoT storage chips, ensuring sustainable future growth[59]. - The total R&D investment amounted to ¥38,258,088.43, representing 4.38% of total operating revenue[76]. - The company has 425 R&D personnel, indicating a strong focus on innovation and product development[185]. - The company is committed to developing IoT storage chips and new memory technologies to support its long-term vision of a connected world[91]. Market Expansion and User Growth - User data showed a 15% increase in active users, reaching 10 million by the end of the year[113]. - Market expansion efforts are underway, with plans to enter three new international markets by Q3 2024[113]. - The company announced a strategic acquisition of a smaller tech firm for $100 million to enhance its product offerings[112]. - A new marketing strategy was introduced, targeting a 10% increase in market share over the next year[113]. Financial Management and Investments - The company successfully issued 886 million RMB in convertible bonds, enhancing its financial position for future growth[58]. - The company has invested RMB 48 million in bank financial products using raised funds, with no overdue amounts[145]. - The company has a total of RMB 221.2 million in self-owned funds invested in various financial products, with an outstanding balance of RMB 70 million[145]. - The company plans to continue its investment strategies in trust and wealth management products to enhance returns on its capital[146]. - The company has successfully recovered all investments from various financial products, indicating effective cash management strategies[147]. Shareholder and Governance Matters - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for a period of 36 months from the date of listing, with compliance confirmed[106]. - The company will implement measures such as reducing expenses and limiting executive compensation to enhance performance and stabilize stock prices[107]. - The company has confirmed that all commitments made by shareholders and management have been fulfilled as of the reporting period[106]. - The company has a total of 85 utility model patents and 22 design patents, showcasing its commitment to technological advancement[179]. - The company has a total of 590 management personnel, reflecting its organizational structure and management capabilities[185]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential investment risks[6][9]. - The company faces risks related to government support for the bicycle transportation industry, which could impact market size and profitability if support decreases[97]. - The company is also exposed to risks from price fluctuations of raw materials, which could affect the gross margin of its service projects[98]. Employee and Management Information - The total number of employees in the parent company is 3,459, while the main subsidiaries have 1,842 employees, resulting in a total of 5,301 employees[185]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period is 2.0363 million yuan[182]. - The company has granted a total of 23,000 stock options during the reporting period, with a stock option exercise price of 16.56 yuan[179]. - The company has appointed a new financial officer during the reporting period, indicating changes in its management team[183].