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伟时电子(605218) - 2020 Q4 - 年度财报
WAYSWAYS(SH:605218)2021-04-15 16:00

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% growth year-over-year[25]. - Operating revenue for 2020 was CNY 1,101,607,723.36, a decrease of 10.45% compared to CNY 1,230,222,475.42 in 2019[26]. - Net profit attributable to shareholders was CNY 81,691,193.97, down 21.52% from CNY 104,088,661.95 in 2019[26]. - Basic earnings per share decreased by 27.56% to CNY 0.4724 from CNY 0.6521 in 2019[27]. - The weighted average return on equity fell to 12.16%, a decrease of 11.20 percentage points from 23.36% in 2019[27]. - Total assets increased by 87.83% to CNY 1,435,494,699.08 at the end of 2020, compared to CNY 764,241,951.61 at the end of 2019[26]. - Cash flow from operating activities showed a net outflow of CNY 6,403,176.64, a decline of 103.02% from a net inflow of CNY 212,284,691.08 in 2019[26]. - The net profit after deducting non-recurring gains and losses was CNY 65,943,753.76, down 35.09% from CNY 101,587,368.11 in 2019[26]. - The company’s net assets attributable to shareholders increased by 123.75% to CNY 1,113,342,449.85 at the end of 2020, compared to CNY 497,573,487.83 at the end of 2019[26]. Dividend Policy - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 25,540,015.20 RMB based on the total share capital of 212,833,460 shares as of December 31, 2020[5]. - In 2020, the company distributed a cash dividend of 1.20 RMB per 10 shares, resulting in a total cash distribution of approximately 25.54 million RMB, which is 31.26% of the net profit attributable to shareholders[116]. - The company can distribute dividends in cash, stock, or a combination of both, with a minimum cash distribution of 10% of the distributable profit if there are no major capital expenditures planned[110]. - The profit distribution policy can only be changed under specific circumstances and requires approval from the supervisory board and a two-thirds majority of voting rights at the shareholders' meeting[115]. - The company’s profit distribution plan must be transparent and provide a voting platform for public shareholders[115]. Risk Management - The report includes a forward-looking statement risk declaration, indicating potential investment risks[6]. - The company has outlined potential risks in the section discussing future development[9]. - The company has not faced any risks that would prevent the majority of directors from ensuring the report's integrity[8]. - The company acknowledges the potential impact of the COVID-19 pandemic on overseas customer demand and order fulfillment timelines[98]. - The automotive industry’s cyclical nature poses a risk to the company's performance, as demand is closely tied to macroeconomic conditions[97]. - The company faces risks from international trade friction, particularly with the ongoing US-China trade tensions, which could adversely affect export performance[96]. Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[25]. - New product development includes the launch of a next-generation LCD module, expected to enhance market competitiveness[25]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[25]. - A strategic acquisition of a local electronics firm was completed, expected to contribute an additional 300 million RMB in annual revenue[25]. - Research and development investment increased by 30%, focusing on OLED technology advancements[25]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 40% in the next year[25]. Corporate Governance - Deloitte Huayong issued a standard unqualified audit report for the company[4]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[10]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has established a mechanism for continuous and stable returns to shareholders, reinforcing its commitment to investor interests[126]. - The company has a structured governance framework, including a board of directors and various committees to ensure compliance with laws and regulations[190]. Market Position and Customer Base - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[25]. - The company has established long-term stable partnerships with major LCD manufacturers such as JDI, Sharp, and Tianma, and has successfully entered the supply chain of domestic and international brand new energy vehicles[37]. - The company is actively developing new customers in mainland China and other regions, enhancing its market presence[41]. - The company expanded its customer base, adding new clients such as LGD and Nobo, and secured over 30 new model orders, a historical high[61]. Environmental Compliance - The company has passed the ISO 14001:2015 environmental management system certification, indicating compliance with environmental standards[152]. - The company has made continuous investments in environmental protection facilities and operations, ensuring compliance with national and local environmental regulations[151]. - The company is not classified as a heavily polluting industry, and its environmental investments include waste treatment and pollution control measures[151]. - The company has obtained necessary environmental permits, including a wastewater discharge permit valid until November 1, 2024[152]. Employee and Management Information - The total number of employees in the parent company is 1,347, while the total number of employees in the parent company and major subsidiaries is 2,413[185]. - The total hours of outsourced labor amounted to 496,016.40 hours, with total payments for outsourced labor reaching CNY 13,425,852.86[188]. - The company has established a comprehensive compensation policy to attract and retain talent, with salaries based on job position and performance evaluations[186]. - The company actively promotes employee training programs to enhance business capabilities and management skills[187]. Shareholder Information - The largest shareholder, Watanabe Yoichi, held 124,576,382 shares, representing 58.53% of the total shares after the issuance[165]. - The second-largest shareholder, Yamaguchi Masaru, held 22,880,974 shares, accounting for 10.75% of the total shares after the issuance[165]. - The number of ordinary shareholders increased from 19,809 to 21,927 during the reporting period[162]. - The public float increased to 53,208,365 shares, representing 25% of the total shares post-issuance[161].