3PEAK(SH:688536)2021-04-27 16:00Financial Performance - The company reported a total revenue of RMB 10 billion for the fiscal year 2020, representing a year-over-year growth of 15%[12]. - The company's operating revenue for 2020 was CNY 566,488,517.74, representing an 86.61% increase compared to 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 183,792,135.90, a 158.93% increase year-over-year[21]. - The net profit after deducting non-recurring gains and losses for 2020 was CNY 167,396,557.38, reflecting a 155.85% increase from the previous year[19]. - The company's total assets at the end of 2020 reached CNY 2,664,233,860.30, an increase of 831.75% compared to the beginning of the year[21]. - The net assets attributable to shareholders at the end of 2020 were CNY 2,573,757,155.90, up 1,075.32% from the start of the year[19]. - Basic earnings per share for 2020 were CNY 2.83, a 69.46% increase from 2019[20]. - The comprehensive gross profit margin for 2020 was 61.23%, up by 1.82 percentage points from 2019[89]. - The gross margin improved to 40%, up from 35% in the previous year, due to cost optimization strategies[12]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.12 CNY per 10 shares, totaling 16,960,000 CNY, which represents 9.23% of the net profit attributable to shareholders for 2020[5]. - The company has not proposed any stock bonus or capital increase through capital reserves for the year 2020[158]. - The company's profit distribution plan for 2020 has been approved by the board and is pending approval from the shareholders' meeting[157]. - The company has maintained a consistent cash dividend policy over the past three years, with no dividends distributed in 2019 and 2018[158]. - The company has a policy to distribute dividends in cash when profits and cash flow allow for normal operations and long-term development[175]. Research and Development - The company invested RMB 1 billion in R&D for new technologies, focusing on 5G and AI applications[12]. - The company's R&D expenditure as a percentage of operating revenue was 21.63% in 2020, down 2.56 percentage points from the previous year[20]. - The company increased its R&D investment by 66.90% year-on-year, totaling ¥122,542,092.02, compared to ¥73,421,898.64 in the previous year[66]. - The company applied for 40 new invention patents during the reporting period and obtained 11 new patents, bringing the total to 188 applications and 71 granted patents[65]. - The company is committed to continuous research and development to enhance its product technology and performance[26]. Market Expansion and Product Development - User data showed an increase in active users by 25% year-over-year, reaching 5 million active users by the end of 2020[12]. - New product launches included a next-generation semiconductor chip, projected to increase market share by 5% in the upcoming year[12]. - Market expansion efforts included entering three new international markets, aiming for a 20% increase in global sales[12]. - The company plans to continue investing in the development of signal chain analog chips and power management analog chips in the coming years[92]. - The company is focusing on expanding its product lines in response to market demands, including power supply and MCU products[86]. Risks and Challenges - The company has outlined potential risks in its business operations, which investors should be aware of[3]. - The company faces risks related to core technology leakage and the potential loss of key technical personnel, which could impact its competitive advantage[93]. - The company’s operations may be impacted by international trade tensions, which could restrict business and lead to a potential revenue decline of over 50% if new customers are not successfully acquired[106]. - The company faces risks from supply chain capacity constraints and fluctuations in raw material and packaging processing prices, which could adversely affect profitability and operational performance[102]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from PwC[4]. - The board of directors and supervisory board members confirm the accuracy and completeness of the annual report[2]. - There are no non-operating fund occupations by controlling shareholders or related parties[6]. - The company does not have any special arrangements for corporate governance[7]. - The company emphasizes strict control over the R&D process, which includes project initiation, design, verification, and risk mass production[36]. Strategic Partnerships and Acquisitions - A new strategic partnership was formed with a leading telecommunications provider to enhance service offerings[12]. - The company completed an acquisition of a smaller tech firm for RMB 500 million, enhancing its product portfolio[12]. - The company has established a strategic partnership with leading suppliers and distributors, optimizing its sales model to cover a broader customer base[81]. Employee and Workforce Development - The company plans to increase its workforce by 15% to support growth initiatives and new projects[12]. - The number of R&D personnel increased to 141, making up 65.58% of the total workforce, with an average industry experience of nearly 11 years[84]. - The average salary for R&D personnel was 48.95 thousand RMB, up from 45.08 thousand RMB in the previous period[75]. Environmental and Social Responsibility - The company actively contributed to pandemic relief by accelerating the production of medical device chips and donating related chips for temperature guns and pneumonia detection devices[198]. - The company received the "Outstanding Support for Epidemic Prevention Product Award" for its low-drift amplifier series at the 15th "China Chip" Integrated Circuit Industry Promotion Conference[199]. - The company does not fall under the category of heavily polluting industries and does not engage in activities that cause environmental pollution[200].