深科达(688328) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 648,023,211.21, representing a year-on-year increase of 37.31% compared to CNY 471,936,166.13 in 2019[21] - The net profit attributable to shareholders of the listed company was CNY 72,777,939.91, an increase of 43.01% from CNY 50,889,295.01 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,579,539.33, up 59.41% from CNY 41,767,047.85 in 2019[21] - The net cash flow from operating activities was CNY 17,631,544.60, an increase of 28.69% compared to CNY 13,700,845.26 in 2019[21] - The total assets at the end of 2020 were CNY 1,090,927,186.17, reflecting a 53.75% increase from CNY 709,550,457.47 at the end of 2019[22] - The net assets attributable to shareholders of the listed company were CNY 459,916,299.47, an increase of 18.80% from CNY 387,138,359.56 at the end of 2019[22] - The company achieved operating revenue of ¥648,023,211.21 in 2020, a year-on-year increase of 37.31%[23] - Net profit attributable to shareholders reached ¥72,777,939.91, growing by 43.01% compared to the previous year, driven by increased order volume and expanded production capacity[23] - Basic earnings per share rose to ¥1.20, reflecting a growth of 42.86% year-on-year[23] Research and Development - The company invested 9.38% of its operating revenue in R&D, a slight decrease of 0.71 percentage points from 2019[23] - The company achieved a total R&D investment of ¥60,769,530.62, representing a 27.60% increase compared to the previous year's ¥47,623,992.75[51] - The total R&D investment accounted for 9.38% of the operating revenue, a decrease of 0.71% from the previous year's 10.09%[51] - The R&D personnel count increased to 301, representing 29.53% of the total workforce, down from 36.52% in the previous year[58] - The company has developed multiple high-precision automatic production lines, including optical fingerprint module and large-size automatic soft-to-hard bonding lines, showcasing strong R&D capabilities[63] - The company has made significant breakthroughs in core technologies such as precise alignment and image processing, enabling it to provide comprehensive solutions for OLED and LCD display device manufacturing[38] Market Position and Strategy - The company has established a strong market presence with key clients including Tianma Microelectronics, Huaxing Optoelectronics, and Huawei, among others[32] - The company specializes in the R&D, production, and sales of equipment for flat panel display devices, extending its applications to semiconductor packaging and intelligent equipment[31] - The company has established stable partnerships with well-known clients such as Tianma Microelectronics, Huaxing Optoelectronics, and BOE, enhancing its brand influence in the industry[40] - The company is focusing on enhancing its production capabilities in semiconductor packaging and testing equipment to meet domestic market demands[44] - The company aims to enhance product and service differentiation by focusing on new technologies in AMOLED flexible displays, large-size HD displays, 5G communications, and semiconductor packaging[112] Profit Distribution and Shareholder Commitments - The company plans to distribute a cash dividend of CNY 3 per 10 shares, totaling CNY 24,312,000.00, which accounts for 33.41% of the net profit attributable to shareholders[6] - The company will prioritize cash dividends, distributing at least 10% of the annual distributable profit if conditions are met, with a focus on stable returns for investors[126] - The company will consider stock dividends only after meeting cash dividend conditions, with specific ratios based on the company's development stage and funding needs[127] - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[134] - The company commits to not transferring or entrusting the management of shares held before the IPO for 36 months from the date of listing on the Shanghai Stock Exchange[136] Operational Efficiency and Quality Control - The company employs a flexible and modular production management approach to enhance production efficiency and product quality, aiming to reduce production waste[34] - The company has implemented a comprehensive quality control system in accordance with ISO9001:2015 standards to ensure product quality and reliability[66] - The company has established a governance structure involving the shareholders' meeting, board of directors, supervisory board, independent directors, and management to ensure effective operation[164] Financial Management and Investments - The company has engaged in multiple structured deposits, all sourced from its own funds[155] - The structured deposits have a maturity range from a few weeks to several months, indicating a short-term investment strategy[156] - The company reported a structured deposit return rate of 2.80% for another segment in 2020[158] - The company has a total of 376 intellectual property rights, with 252 granted, indicating a strong focus on innovation and technology development[49] Employee Management and Development - The company has established a competitive and performance-oriented compensation system to motivate employees and align personal income with performance and contributions[200] - The total remuneration for directors, supervisors, and senior management in 2020 amounted to RMB 2.6263 million, including independent directors' fees[198] - The company aims to enhance employee engagement and creativity through a well-structured incentive mechanism[200] Challenges and Future Outlook - The company faces challenges including a lag in development compared to traditional manufacturing powerhouses and a shortage of specialized talent in the flat panel display equipment sector[110] - The company anticipates continued growth in market demand for display devices driven by advancements in mobile internet, cloud computing, and 5G technology[108] - Future guidance suggests a projected revenue growth rate of approximately 20% for the next fiscal year[194]