Hotata(SH:603848)2021-04-20 16:00Financial Performance - The company's operating revenue for 2020 was CNY 1,160,006,310.07, a decrease of 7.96% compared to 2019[26]. - The net profit attributable to shareholders for 2020 was CNY 265,752,420.58, down 4.91% from the previous year[26]. - The net cash flow from operating activities decreased by 51.17% to CNY 148,932,505.71 in 2020[26]. - The total assets at the end of 2020 were CNY 2,104,407,271.95, an increase of 8.34% from 2019[26]. - The basic earnings per share for 2020 was CNY 0.66, a decline of 5.71% compared to 2019[27]. - The weighted average return on equity decreased by 2.97 percentage points to 16.62% in 2020[27]. - The company achieved total revenue of ¥1,160,006,310.07, a decrease of 7.96% compared to the previous year[89]. - The net profit attributable to shareholders was ¥265,752,420.58, down 4.91% year-on-year[89]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥227,854,962.18, a decline of 7.18% compared to the previous year[89]. - The company's main business revenue decreased by 8.72% to ¥1,143,149,896.12, while the main business cost fell by 7.82%[91]. - The company's total revenue decreased by 8.72% year-on-year, primarily due to the impact of the global pandemic and a shift from traditional drying products to smart drying products, which saw a decline of 11.83%[94]. - The gross profit margin for the main business was 48.97%, down 0.50 percentage points compared to the previous year, remaining relatively stable[94]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 100,250,000 RMB (including tax) for the year 2020[6]. - The company will implement a cash dividend policy, distributing 2.5 RMB per 10 shares to shareholders, with a payout ratio of 37.72% of net profit for 2020[155][157]. - The total number of common stock shareholders at the end of the reporting period is 11,451, an increase from 9,731 at the end of the previous month[197]. - The largest shareholder, Shen Hanbiao, holds 217,395,000 shares, representing 54.21% of the total shares[197]. - Wang Miaoyu, the second-largest shareholder, owns 112,500,000 shares, accounting for 28.05%[197]. - The top three shareholders collectively hold 99.87% of the shares, indicating a high concentration of ownership[197]. - There are no preferred shareholders with restored voting rights as of the reporting period[197]. - The company has not issued any new shares to strategic investors or general corporations during the reporting period[200]. - Shen Hanbiao and Wang Miaoyu are identified as the actual controllers of the company and are considered acting in concert[200]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has detailed potential risks in the report, which investors are advised to review[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company reported that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has committed to share repurchase and compensation for losses, with commitments being effective for the long term[160]. - The company has successfully reduced and regulated related party transactions, with a commitment to continue this practice[160]. - The company has no major litigation or arbitration matters in the current year[166]. - The company has no significant related party transactions that have not been disclosed in temporary announcements[171]. - The company has no major contracts or leasing matters that are applicable for disclosure[174]. Strategic Initiatives and Market Position - The company aims to become a global leader in the smart home industry, focusing on product innovation and technology[37]. - The company has expanded its product line to include smart curtains, electric towel racks, and other smart home products[37]. - The company emphasizes a new retail model that integrates offline and online sales channels, enhancing management and expanding into lower-tier cities[45]. - The company has established a comprehensive product system, transitioning from single product design to a focus on smart home new product design, extension design, and functional design[66]. - The company aims to enhance user experience in smart home products by integrating cutting-edge technologies from IoT and AI into its offerings[66]. - The company is committed to becoming a leader in the smart home industry by establishing a comprehensive service system and providing standardized services[72]. - The company aims to accelerate the expansion of bulk business, leveraging the resilience of real estate development investment and the recovery of infrastructure investment in China[143]. - In 2021, the company plans to enhance its position as the largest supplier in the real estate decoration sector and strive to become a leading supplier in the smart home field[143]. - The company is focusing on high-value innovative products to improve user experience and expand the penetration rate of the smart home industry[143]. Research and Development - The R&D strategy focuses on a three-tier system of basic research, applied technology research, and product development, ensuring continuous innovation and quality control[46]. - The company invested 45,325,243.66 in research and development, accounting for 3.91% of total revenue, a decrease of 14.31% from the previous year[104]. - The company invested in R&D, focusing on smart home technologies, including upgraded disinfection features in products and advancements in smart locks[85]. - The company will increase R&D efforts in core technologies, including offline voice AI and negative ion sterilization technology, aiming to enhance product iteration and sales proportion[143]. - The company has received over 700 national patents and has been recognized as a "High-tech Enterprise" for four consecutive years, highlighting its commitment to innovation[61]. Financial Management - The company has engaged multiple banks for its financial management, indicating a broad network of financial partnerships[179]. - The total amount of non-principal protected asset management plans reached 10,000.00, yielding a fixed income of 4.60, generating a return of 206.68[185]. - The total amount of principal-protected floating income financial products was 4,000.00, yielding a fixed income of 2.55, resulting in a return of 25.43[185]. - The company has consistently achieved returns on its investments, with some products yielding returns above expectations[182]. - The company has a future plan for entrusted financial management, indicating ongoing investment strategies[179].