Forecam(SH:688010)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥587.55 million, a year-on-year increase of 1.32% compared to ¥579.91 million in 2019[24]. - The net profit attributable to shareholders decreased by 44.64% to ¥51.02 million in 2020 from ¥92.17 million in 2019[24]. - The net profit after deducting non-recurring gains and losses fell by 50.02% to ¥38.10 million in 2020, down from ¥76.22 million in 2019[24]. - Basic earnings per share decreased by 52.80% to ¥0.3322 in 2020 from ¥0.7038 in 2019[25]. - The company's total assets increased by 15.12% to ¥2.34 billion at the end of 2020, compared to ¥2.03 billion at the end of 2019[24]. - The company achieved a total revenue of 183,447,000.00 RMB, with a net profit of 100,353,767.96 RMB for the year 2020[67]. - The total profit for the year was 55.10 million yuan, a decrease of 46.71% compared to the previous year[79]. - The company reported a total revenue of 587.55 million yuan for the year 2020, representing a year-on-year growth of 1.32%[79]. Research and Development - Research and development expenses accounted for 8.18% of operating revenue in 2020, an increase of 1.71 percentage points from 6.47% in 2019[25]. - The company increased its R&D investment by 28.08% year-on-year, totaling approximately ¥48.08 million, which now represents 8.18% of its operating revenue, up from 6.47%[56]. - The company holds 546 patents, including 232 invention patents, with 91 new patents added during the reporting period, of which 26 are invention patents[45]. - The company filed for 118 new patents during the year, including 68 invention patents and 42 utility model patents, bringing the total number of patents to 1,025[54]. - The company achieved significant technological breakthroughs in various optical systems, including a 10K ultra-high-definition continuous zoom lens and a large aperture astronomical telescope[81][82]. Market and Product Development - The company specializes in the research and production of optical lenses and optoelectronic systems, serving major national aerospace projects and high-end equipment[36]. - The optical lens market is expected to grow due to increasing demand in sectors like aerospace, national defense, and smart security[39]. - The company’s custom products are primarily used in significant national aerospace missions, with core clients including the Chinese Academy of Sciences and major military enterprises[36]. - The company is positioned to benefit from advancements in AI and IoT, which are expected to drive growth in the optical lens market[42]. - The company is focusing on the development of intelligent optical systems that integrate photoelectric sensing and artificial intelligence, which are expected to see broader applications[46]. Operational Efficiency and Risks - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company reported a significant increase in cash flow management, attributed to improved receivables management and reduced social insurance costs due to pandemic relief policies[26]. - The company experienced a decline in gross profit margin due to changes in product sales structure and increased fixed depreciation expenses[26]. - The company faced challenges from the COVID-19 pandemic and increased competition in the security monitoring market, leading to a strategic focus on innovation and operational efficiency[78]. - The company is focused on enhancing production efficiency through process optimization and automation to meet the growing demand for cost-effective products in the security lens market[85]. Shareholder and Governance Matters - The company plans to distribute a cash dividend of RMB 1.01 per 10 shares, totaling RMB 15,405,355.37, which accounts for 30.19% of the net profit attributable to shareholders for the year 2020[6]. - The company has not conducted capital reserve transfers to increase share capital or issued bonus shares for the year 2020[6]. - The company has confirmed that all board members guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has not disclosed any special arrangements for corporate governance[9]. - The company has committed to a continuous and stable profit distribution policy to protect shareholders' rights[140]. Compliance and Audit - The company has received a standard unqualified audit report from Huaxing Accounting Firm[5]. - The company has not faced any major litigation or arbitration matters during the reporting period[191]. - The company has not reported any significant accounting errors or changes in accounting policies during the reporting period[188]. - The company has established a system to prevent fund occupation by controlling shareholders and related parties[183]. - The company guarantees that the prospectus for its initial public offering does not contain any false records, misleading statements, or major omissions[164].