泛亚微透(688386) - 2020 Q4 - 年度财报

Financial Performance - The basic earnings per share for 2020 was CNY 1.00, representing a 20.48% increase compared to CNY 0.83 in 2019[19] - The diluted earnings per share for 2020 was also CNY 1.00, reflecting the same 20.48% growth from the previous year[19] - The basic earnings per share after deducting non-recurring gains and losses was CNY 0.97, up 16.87% from CNY 0.83 in 2019[19] - Net profit attributable to shareholders was CNY 55,271,336.92, an increase of 26.37% compared to the previous year[21] - Operating revenue for 2020 was CNY 277,734,747.28, representing a year-on-year growth of 13.23%[21] - Operating profit reached 64.07 million yuan, reflecting a year-on-year growth of 26.14%[84] - The company achieved operating revenue of 277.73 million yuan, a year-on-year increase of 13.23%[101] - Net profit attributable to shareholders was 55.27 million yuan, marking a 26.37% increase year-on-year[101] Assets and Liabilities - Total assets increased by 44.66% compared to the beginning of the period, primarily due to the company's initial public offering, which led to an increase in cash funds[20] - By the end of 2020, net assets attributable to shareholders reached CNY 554,800,174.41, up 96.77% from the previous year[21] - Total assets increased by 44.66% to ¥614,863,231.70 from ¥425,051,304.49[188] - Total liabilities decreased by 58.03% to ¥60,063,057.29 from ¥143,102,729.96[188] - The asset-liability ratio improved to 9.77% from 33.67%, a reduction of 23.90%[188] Research and Development - Research and development expenses accounted for 5.36% of operating revenue, a decrease of 0.54 percentage points from 5.90% in 2019[19] - R&D investment totaled approximately ¥14.89 million, representing a 2.88% increase from the previous year, with R&D expenses accounting for 5.36% of total revenue[71] - The company has developed 10 core technologies, including precision die-cutting and specialized automation equipment, enhancing product quality and production efficiency[66] - The company has established a joint research center with Zhejiang University to tackle the mass production technology of SiO2 aerogel, enhancing its research capabilities[44] - The company has achieved a total of 264 intellectual property applications, with 186 granted, including 7 new invention patents and 5 granted during the reporting period[69] Market and Product Development - The company’s ePTFE micro-porous materials are applied in various industries, including automotive, consumer electronics, and new energy, with plans to expand into healthcare, aerospace, and power communication sectors[27] - The company is actively expanding into the consumer electronics market with its waterproof sound-permeable membrane products, which have already reached advanced industry levels and are used by brands like Xiaomi and Huawei[55] - The company is focusing on expanding its market presence in the fields of new energy power batteries and coaxial cables, aiming for advanced technology levels in these sectors[68] - The potential market space for ePTFE membrane products in the automotive and consumer electronics sectors exceeds ¥5 billion, indicating significant growth opportunities[126] Corporate Governance and Shareholder Relations - The company has established a comprehensive corporate governance structure and improved its internal control system to protect the rights of shareholders and creditors[168] - The company has implemented a cash dividend policy to reward shareholders and investors[168] - The company maintains a profit distribution policy that ensures at least 10% of the distributable profit is allocated as cash dividends in the first three years post-IPO[139] - The company’s profit distribution policy aims for continuity and stability, balancing shareholder returns with sustainable development[138] - The company has a structured communication process with shareholders, especially minority shareholders, to gather feedback on profit distribution proposals[145] Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4] - The company has appointed Tianjian Accounting Firm as the auditor for the 2020 fiscal year, with a remuneration of CNY 1,000,000[153] - The company has not reported any significant environmental pollution incidents during the reporting period, with all environmental protection measures functioning effectively[176] - The company has not made any changes to its accounting policies or estimates during the reporting period[152] Investment and Fund Utilization - The total amount of raised funds is RMB 284.90 million, with RMB 165.42 million invested in the current year[164] - The cumulative amount of raised funds invested to date is RMB 165.42 million, which is 53.41% of the committed investment for the high-durability water pressure sound-permeable ePTFE project[164] - The company has utilized RMB 6 million and RMB 40 million of temporarily idle raised funds to purchase wealth management products from Industrial and Commercial Bank of China and CITIC Securities, respectively[166] Employee and Community Engagement - The company has created a good working environment for employees, ensuring fair compensation and promoting a culture of respect and inclusivity[169] - The company actively supports local economic development and has been a major taxpayer in the region, providing numerous job opportunities[173]