步科股份(688160) - 2020 Q4 - 年度财报

Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 25.2 million RMB (including tax) based on a total share capital of 84 million shares as of December 31, 2020[7]. - The cash dividend distribution for the year 2020, including the third quarter and annual dividends, represents 76.16% of the net profit attributable to ordinary shareholders of the listed company, which was RMB 66,173,262.33[152]. - The company will implement a cash dividend policy, distributing no less than 10% of the annual distributable profit in cash, with a cumulative distribution of at least 30% over three years[146]. - The company will prioritize cash dividends in its profit distribution strategy, especially during mature development stages without significant capital expenditure[147]. - The board must obtain a two-thirds majority approval from shareholders for any adjustments to the profit distribution policy[169]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year[19]. - The company's operating revenue for 2020 was CNY 434,089,679.25, representing a year-on-year increase of 25.71%[27]. - Net profit attributable to shareholders was CNY 66,173,262.33, a growth of 56.55% compared to the previous year[29]. - The company's total assets increased by 148.88% year-on-year, reaching CNY 782,882,519.51 at the end of 2020[27]. - The gross profit margin for the main business was 39.31%, an increase of 0.44 percentage points compared to the previous year[108]. Research and Development - Research and development investments increased by 30%, focusing on enhancing embedded systems and digital factory solutions[19]. - The company achieved a total R&D investment of approximately ¥39.98 million in 2020, representing a slight increase of 0.69% compared to ¥39.71 million in the previous year[66]. - The company holds a total of 97 domestic and international patents as of December 31, 2020, including 15 invention patents, with 11 new patent applications filed during the year[64]. - R&D investment as a percentage of total revenue decreased from 11.50% in the previous year to 9.21% in 2020, a decline of 2.29%[66]. - The company is focusing on smart manufacturing and aims to enhance its industrial automation capabilities in response to global market challenges[137]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[19]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's capabilities in automation, expected to close by Q2 2023[19]. - The company has established partnerships with well-known enterprises such as Siemens Medical and Alibaba Cloud, enhancing its market position in various sectors including smart logistics and medical imaging[52]. - The company aims to solidify its leading position in the medical imaging equipment market and expand its customer base in the medical device sector to ensure sales growth in the industry[140]. - The company is focusing on the central kitchen industry, which is emerging and requires significant innovation in technology and management, posing development risks[98]. Operational Efficiency - The company aims to implement a new ERP system to streamline operations, projected to reduce operational costs by 15%[19]. - The company’s production management combines inventory production and order-based production, adjusting plans based on actual sales[49]. - The company has a diverse application of its products in logistics, medical equipment, industrial robots, and food machinery, among others[42]. - The company’s procurement strategy is based on sales forecasts and customer orders, ensuring quality through supplier management[48]. - The company has developed digital factory solutions that enable customers to achieve digitization, visualization, flexibility, modularity, and intelligence in production lines[80]. Risk Management - The company has detailed potential risks in the annual report, which can be found in the section discussing operational conditions and risk factors[5]. - The company faces risks related to reliance on imported raw materials, with 38.72% of total raw material purchases in 2020 being IC chips and passive electronic components[96]. - The ongoing global pandemic and geopolitical tensions may adversely affect the company's operations, including supplier and customer relationships[100]. - The company faces risks related to inventory depreciation and collection of accounts receivable due to increased scale and market competition[102]. - The company has no violations of decision-making procedures regarding external guarantees[10]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company has not disclosed any special arrangements for corporate governance[10]. - The company has not conducted any capital reserve transfers to increase share capital or issued bonus shares for the reporting period[7]. - The company has no non-operating fund occupation by controlling shareholders or related parties[9]. - The company received a standard unqualified audit report from Tianjian Accounting Firm[6]. Product Development - The company has developed a complete product line of industrial automation control core components, including human-machine interfaces, programmable logic controllers, servo systems, stepper systems, and low-voltage frequency converters[41]. - The introduction of a new SaaS product is expected to generate recurring revenue, estimated at 100 million CNY annually[19]. - The company has launched several new products, including low-voltage STO servo and closed-loop stepping motors, achieving a sales revenue growth of 141.33% in related products[91]. - The company is focusing on the new generation of central kitchen digital solutions, integrating technology and management innovations[47]. - The company has made significant advancements in high-efficiency motor control technologies, achieving a 6%-8% increase in motor conversion efficiency compared to traditional methods[63].