龙软科技(688078) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 197,641,737.86, representing a year-on-year increase of 28.06% compared to CNY 154,339,974.24 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 50,745,268.79, which is a 7.78% increase from CNY 47,081,735.98 in 2019[23]. - The net cash flow from operating activities decreased to CNY -11,980,101.29 in 2020, compared to CNY 37,691,480.97 in 2019, primarily due to the impact of the pandemic[25]. - The company's total assets at the end of 2020 were CNY 569,655,651.90, a slight decrease of 0.38% from CNY 571,802,582.02 at the end of 2019[23]. - The basic earnings per share for 2020 were CNY 0.72, down 19.10% from CNY 0.89 in 2019[24]. - The company's net assets attributable to shareholders decreased by 1.49% to CNY 511,666,114.46 at the end of 2020, compared to CNY 519,418,994.77 at the end of 2019[23]. - The weighted average return on equity for 2020 was 10.31%, a decrease of 16.67 percentage points from 26.98% in 2019[24]. - The net profit excluding non-recurring gains and losses for 2020 was CNY 49,570,082.83, reflecting a 3.16% increase from CNY 48,049,865.65 in 2019[23]. Research and Development - Research and development expenses accounted for 10.41% of operating revenue in 2020, an increase of 0.55 percentage points from 9.86% in 2019[24]. - The total R&D expenditure increased by 35.18% from the previous year, amounting to ¥20,581,832.46 compared to ¥15,225,495.06[80]. - The number of R&D personnel increased to 49, accounting for 14.45% of the total workforce, up from 11.25% in the previous year[90]. - The total compensation for R&D personnel reached 1,792.26 million RMB, compared to 1,322.11 million RMB in the previous year[90]. - The company significantly increased R&D efforts in 2020, with notable increases in personnel compensation, on-site testing, travel expenses, and patent maintenance fees[81]. - The company has independently obtained 29 software copyrights and 5 invention patents during the reporting period, with a total of 239 intellectual property rights accumulated[78]. Market and Business Strategy - The company aims to expand its market presence by providing tailored information solutions to large and medium-sized coal mines and government institutions[32]. - The company is positioned in a strategic emerging industry, focusing on software and information technology services, particularly in the coal industry[54]. - The company is focusing on expanding its market presence through the development of the LongRuan GIS platform, which integrates various applications in the coal mining industry[93]. - The company aims to enhance its competitive edge by continuously innovating and developing proprietary technologies in the coal mining sector[93]. - The company plans to expand its national marketing network and service system, including increasing personnel in existing branches and establishing new ones[142]. Risk Management - The company has detailed various operational risks and corresponding countermeasures in the report[3]. - The company faces risks related to market competition and the need for timely product iterations to meet evolving customer demands[101]. - The company is committed to enhancing risk prevention and control capabilities in coal mining through advanced monitoring and management technologies[58]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[8]. - The company aims to enhance its governance structure and operational standards to improve decision-making effectiveness and compliance[141]. - The company has established a three-party supervision system for the use of raised funds, involving the sponsor, custodian bank, and the company itself[160]. Shareholder Information - The proposed cash dividend for 2020 is CNY 2.18 per 10 shares, totaling CNY 15,423,500, which accounts for 30.39% of the net profit attributable to shareholders[5]. - The company committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[149]. - The company will announce any share reductions three trading days in advance[151]. - The company plans to repurchase shares with a total amount not less than 10% of the previous fiscal year's audited net profit, and the total amount for a single fiscal year will not exceed 50% of the previous fiscal year's audited net profit[155]. Technology and Innovation - The company is leveraging IoT, big data, and cloud computing technologies to provide integrated solutions for emergency response and safety supervision[64]. - The company is developing intelligent mining technology, transitioning from the 2.0 era (automatic straightening) to the 3.0 era (transparent working face) since 2016, with a focus on high-precision 3D geographic modeling and intelligent mining control[69]. - The integration of GIS technology with cloud service architecture is enhancing the flexibility and efficiency of GIS services, supporting online collaboration in a cloud environment[73]. Financial Management - The total amount of raised funds is RMB 32,363.10 million, with RMB 6,744.85 million invested in the current year[180]. - The cumulative investment amount as of the end of the period is RMB 6,744.85 million, which is a shortfall of RMB 18,724.15 million compared to the committed investment amount[180]. - The company acknowledges the risk of short-term profit dilution due to the issuance of new shares, and plans to implement measures to mitigate this impact[158]. Social Responsibility - The company donated RMB 1 million for epidemic prevention materials during the COVID-19 pandemic and developed a free epidemic monitoring system for coal enterprises[188].