CEI(SH:688128)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was CNY 251,964.72 million, a decrease of 8.46% compared to 2019[38]. - The net profit attributable to shareholders of the listed company was CNY 28,270.82 million, an increase of 12.11% year-on-year[38]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20,395.27 million, a decrease of 7.20% compared to the previous year[38]. - The net cash flow from operating activities was CNY 38,086.21 million, down 14.58% from 2019[38]. - The net assets attributable to shareholders of the listed company at the end of 2020 were CNY 229,501.33 million, an increase of 7.70% year-on-year[38]. - The total assets at the end of 2020 were CNY 399,402.14 million, reflecting a growth of 12.78% compared to the previous year[38]. - Basic earnings per share remained unchanged at CNY 0.70 in 2020 compared to 2019[39]. - The weighted average return on equity decreased by 6.80 percentage points to 12.83% in 2020 from 19.63% in 2019[39]. - Research and development expenditure as a percentage of operating income increased by 0.50 percentage points to 8.29% in 2020[39]. - The total profit reached 30,896.02 million yuan, representing a year-on-year increase of 11.39%[177]. Research and Development - In 2020, the company applied for 106 patents and received 98 new patent authorizations, including 2 PCT applications and 38 software copyrights[18]. - The company completed 19 key research projects and applied for 106 patents during the reporting period, with 98 patents granted, including 22 invention patents[112]. - The company invested 20,892.15 million yuan in R&D, with 146 technology projects organized, including 51 key projects[182]. - The company has established 12 national-level R&D and technical service platforms, enhancing its position in the electrical appliance industry[49]. - The company has developed key technologies for recycling waste electrical appliance casings, resulting in 4 authorized invention patents and 2 product enterprise standards[18]. - The company has developed a comprehensive evaluation plan for camera quality, including objective and subjective assessment methods, and has applied for relevant CNAS certification[16]. - The company has developed a key technology for lithium battery pack production, achieving a welding pass rate of 99% and a deviation of less than ±3% in testing results[17]. - The company has developed a new polyester resin synthesis technology for environmentally friendly coatings, addressing product defects in heat transfer printing applications[20]. - The company has developed a new generation of charging facility inspection technology, which has been adopted as a national standard and addresses several issues in the previous international standards, filling a gap in the market[103]. Market Expansion and Partnerships - The company signed contracts for the supply of automatic testing systems for lithium battery production with leading companies such as BYD and CATL, further increasing market share[19]. - The company established stable partnerships with major global manufacturers and e-commerce platforms, including Panasonic, Gree, and Alibaba, reflecting its technical capabilities[84]. - The company signed contracts for smart equipment with leading domestic and international appliance manufacturers, maintaining its leading position in the smart equipment sector[85]. - The company expanded its market presence by signing its first major overseas development project in Vietnam, laying the foundation for market entry[180]. - The company has expanded its partnerships with new energy vehicle companies and major retailers, further increasing its industry impact[170]. Technological Advancements - The company launched a digital transformation initiative, implementing a laboratory management system that improved customer experience and operational efficiency[22]. - The company has developed a smart production management solution based on industrial internet technology, promoting rapid transformation in the home appliance industry[132]. - The company has developed a high-power wireless charging intelligent testing platform, with 15 patents applied for and 6 industry standards released[157]. - The company has developed a comprehensive testing laboratory for automotive air conditioning parts, capable of conducting multiple tests simultaneously, thus improving testing efficiency[15]. - The company has developed a wireless communication system testing platform for smart vehicles and their components, completing 709 standards for laboratory accreditation and applying for 14 patents, of which 8 have been granted[19]. Environmental and Quality Standards - The company has achieved recognition as a leading evaluation institution for various consumer electrical products, enhancing its market position[79]. - The company has established a strong brand influence and credibility in the electrical field through various certifications and testing services, enhancing its competitive edge[79]. - The company has made significant advancements in smart home product certification technology, filling gaps in evaluation standards and developing a consistency verification testing platform[13]. - The company has developed evaluation methods for charging piles in humid environments, establishing technical requirements for acceptance and inspection[121]. - The company has established a materials certification gene bank with over 1,500 fingerprint data entries, preparing for material quality control and standard analysis[132]. Strategic Outlook - Future outlook indicates a commitment to improving operational efficiency and exploring strategic acquisitions to drive growth[30]. - The management emphasized the importance of adapting to market changes and consumer demands in their strategic planning[30]. - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations[30]. - The company is actively pursuing new product development and technological advancements to capture emerging market opportunities in the coatings sector[73]. - The company anticipates rapid growth in the testing and certification market driven by new industries such as 5G communication, health appliances, and smart equipment[98].