Lante Optics(SH:688127)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥438.93 million, representing a 31.38% increase compared to ¥334.09 million in 2019[29]. - The net profit attributable to shareholders for 2020 was approximately ¥182.99 million, a 57.57% increase from ¥116.14 million in 2019[29]. - The net profit after deducting non-recurring gains and losses for 2020 was approximately ¥159.99 million, up 46.85% from ¥108.95 million in 2019[29]. - The net cash flow from operating activities for 2020 was approximately ¥233.80 million, reflecting a 15.38% increase from ¥202.64 million in 2019[29]. - The total assets at the end of 2020 were approximately ¥1.54 billion, a 75.78% increase from ¥873.84 million at the end of 2019[29]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.38 billion, representing a 114.27% increase from ¥645.97 million at the end of 2019[29]. - The company achieved a total revenue of 6,130 million RMB, with a net profit of 2,719.92 million RMB, reflecting a significant increase in performance[95]. - The comprehensive gross profit margin for the reporting period was 57.66%[116]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 60,426,750.00, which represents 33.02% of the net profit attributable to shareholders[7]. - In 2019, the company distributed a cash dividend of 10.00 RMB per 10 shares, totaling 63,500,000 RMB, which was 54.68% of the net profit attributable to ordinary shareholders[170]. - The company has established a stable profit distribution policy to protect shareholders' rights and interests, considering profitability and cash flow[170]. Research and Development - The company achieved a total R&D investment of ¥27,199,157.56, representing a 10.92% increase compared to the previous year[84]. - R&D investment accounted for 6.20% of total revenue, down from 7.34% in the previous year, indicating a decrease of 1.14 percentage points[84]. - The company obtained 5 new patents during the reporting period, including 1 invention patent and 4 utility model patents[83]. - The company applied for 6 new patents, with 3 being invention patents and 3 utility model patents[83]. - The number of R&D personnel increased to 101, representing 15.23% of the total workforce, up from 13.90% in the previous period[98]. - The company is focused on continuous improvement in R&D and production processes to adapt to market changes and enhance competitiveness[103]. Market and Product Development - The company plans to continue expanding its market presence and developing new optical components for various applications[23]. - The company reported a significant increase in user data and engagement metrics, indicating strong market demand for its products[23]. - The company is actively developing new products in emerging fields such as 5G optical communication and AR/VR[107]. - The optical components market is expected to grow with the expansion of AR/VR and smart wearable devices, increasing the demand for optical components in consumer electronics[60]. - The company has diversified its product offerings, covering thousands of types of optical components, which allows it to meet the demands of various industries[102]. Operational Risks and Compliance - The company has detailed various operational risks and corresponding countermeasures in the report[5]. - The audit report issued by Tianjian Accounting Firm is a standard unqualified opinion[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[11]. - There are no violations of decision-making procedures for providing guarantees[11]. - The company has not encountered any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[11]. Manufacturing and Technology - The company has developed core technologies in precision glass optical components, including optical prisms and aspheric lenses, enhancing its competitive advantage[44]. - The company has established a research platform, "Zhejiang Lante High-Precision Optical Components Research Institute," to respond to customer needs and proactively develop technologies[55]. - The company has implemented ultra-efficient mass bonding and cutting technology, resulting in micro-prism products with size tolerance controlled within 0.01mm and angle tolerance within 1 arc minute[78]. - The optical components manufacturing capability in China is gradually narrowing the gap with international advanced levels due to increased government support and R&D investment[74]. Shareholding and IPO Regulations - The company has committed to not transferring or entrusting others with shares held prior to the IPO for 12 months from the listing date[183]. - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-IPO, the lock-up period will be extended by 6 months[183]. - The company will comply with relevant regulations regarding share transfer and lock-up periods as stipulated by the Shanghai Stock Exchange and other regulatory bodies[186]. - The company will ensure compliance with the laws and regulations set forth by the China Securities Regulatory Commission[198].