HCR(SH:688500)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was CNY 389,342,428.64, representing a 1.41% increase compared to CNY 383,939,430.56 in 2019[21]. - Net profit attributable to shareholders for 2020 was CNY 73,701,204.45, a 21.24% increase from CNY 60,789,397.45 in 2019[21]. - The net profit after deducting non-recurring gains and losses decreased by 44.73% to CNY 33,667,279.41, primarily due to delays in order signing caused by the COVID-19 pandemic[21][23]. - The net cash flow from operating activities increased by 378.23% to CNY 34,771,395.66, attributed to improved bargaining power with suppliers[21][23]. - The company's total assets grew by 95.40% to CNY 1,429,050,602.03, mainly due to funds received from the initial public offering[23]. - The net assets attributable to shareholders increased by 106.01% to CNY 1,231,214,111.34, resulting from the capital raised during the IPO[23]. - Basic earnings per share for 2020 were CNY 1.134, a 3.94% increase from CNY 1.091 in 2019[22]. - The company reported a quarterly revenue of CNY 162,165,355.5 in Q4 2020, contributing significantly to the annual performance[25]. - The company reported a total non-operating income of CNY 40,033,925.04, with a significant impact from fair value changes and other non-recurring gains[28]. Research and Development - Research and development expenses accounted for 8.50% of operating revenue, up from 6.90% in 2019[22]. - The company reported a total R&D investment of ¥33,105,293.42, representing a 24.92% increase from the previous year's ¥26,501,264.49[61]. - R&D investment accounted for 8.50% of total revenue, up from 6.90% in the previous year, indicating a focus on innovation[61]. - The company has developed 4 core technologies, including consumer behavior big data analysis and personalized user analysis, with a total of 21 sub-technologies recognized for their advanced capabilities[57]. - A new core technology, agricultural digital analysis technology, was added during the reporting period, aimed at enhancing operational efficiency in agriculture[58]. - The company has completed the development of the V0.9 version software for multi-dimensional data intelligent analysis, focusing on the tourism industry[67]. - The company has completed the development of basic version software for agricultural resource digitization and breeding management, with a focus on agricultural production services[69]. Client Base and Market Position - The company provides data analysis services primarily to enterprises and government institutions, leveraging multi-dimensional data for operational management analysis and digital application solutions[32]. - The company has established a strong client base, including notable clients such as Huawei, Chang'an Automobile, and AstraZeneca, across various sectors including automotive, TMT, and healthcare[32]. - The company serves leading enterprises across various industries, including automotive, fast-moving consumer goods, TMT, healthcare, and government[46]. - The customer base has rapidly expanded due to the increase in small and medium-sized clients, leading to a demand for more comprehensive data analysis solutions[55]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 7,427,451 RMB, which represents 10.08% of the net profit attributable to ordinary shareholders for 2020[5]. - The cash dividend policy requires that at least 10% of the distributable profit be allocated as cash dividends annually[135]. - The company has no major investment plans or significant cash expenditures that would affect the dividend distribution[135]. - The company has committed to maintaining a stable profit distribution policy, with higher cash dividend ratios during mature stages without major expenditures[135]. Corporate Governance - The company has received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of the financial report[5]. - The board of directors has ensured that all members can guarantee the authenticity and completeness of the annual report[7]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. Risks and Challenges - The company faces risks related to tax incentives, as its high-tech enterprise qualification is set to expire in December 2022, which could impact future net profits if not renewed[90]. - The company is exposed to data compliance risks due to evolving regulations, which could affect its operations and reputation if not managed properly[90]. - The company has faced challenges due to the COVID-19 pandemic, which delayed order signing and impacted revenue, but saw a recovery in the second half of the year[82]. - The company recognizes the risk of client attrition and the need for effective talent management to sustain its long-term development[86]. Future Plans and Strategies - The company has outlined its future plans and development strategies, which are subject to investment risks[6]. - The company aims to enhance its core competitiveness by increasing R&D investment and expanding into sectors such as smart cities, ecological protection, smart tourism, and digital agriculture[83]. - The company is focused on expanding its market presence through innovative data analysis solutions tailored to various industries[75]. - The company is targeting the agriculture sector as a new key business area, providing digital solutions for agricultural management[131]. - The company will leverage its data analysis capabilities to assist local governments in tourism and economic development initiatives[131]. Shareholder Commitments - The actual controller of the company has committed to not transferring shares during the initial 36-month lock-up period[144]. - The company will comply with all relevant regulations regarding share reduction, including non-public transfers and various trading methods[143]. - The company will ensure compliance with all relevant laws and regulations regarding share transfers and reductions[167]. - The company commits to strict adherence to share lock-up and reduction commitments, with a lock-up period of 36 months for major shareholders[155].