OPT(SH:688686)2021-04-14 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 10 per 10 shares, totaling RMB 82,475,670 (including tax), which represents 33.78% of the net profit attributable to shareholders for the year [6]. - The proposed cash dividend distribution accounts for 17.64% of the total undistributed profits of RMB 467,633,441.93 as of December 31, 2020 [6]. - The cash dividend for 2020 represents 33.78% of the net profit attributable to shareholders, and 17.64% of the total undistributed profits as of December 31, 2020, which amounted to RMB 467,633,441.93 [147]. - In 2019, the company distributed cash dividends twice, totaling RMB 150,000,000, which accounted for 24.22% and 48.44% of the net profit for that year [148]. - The company has established a clear cash dividend policy in accordance with relevant regulations, ensuring compliance with legal requirements and internal governance [146]. - No capital reserve fund conversion or stock dividends are planned for the year 2020, focusing solely on cash dividends [147]. - The company’s profit distribution plan is subject to approval at the shareholders' meeting, which must be completed within two months after the meeting [147]. - The company has a long-term commitment to maintain transparency and compliance with its profit distribution policies and shareholder commitments [150]. Financial Performance - The company's operating revenue for 2020 was CNY 642,427,321.77, representing a year-on-year increase of 22.46% [22]. - The net profit attributable to shareholders for 2020 was CNY 244,165,540.43, an increase of 18.27% compared to the previous year [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 231,039,059.11, up 12.29% year-on-year [24]. - Basic and diluted earnings per share for 2020 were CNY 3.9473, reflecting a 14.72% increase from the previous year [23]. - The company's total assets at the end of 2020 were CNY 2,428,305,472.71, a 275.99% increase compared to the end of 2019 [22]. - The net assets attributable to shareholders at the end of 2020 were CNY 2,292,056,076.60, up 306.73% from the previous year [22]. - The company's total revenue for 2020 was approximately ¥642.43 million, reflecting a growth of 22.46% from ¥524.62 million in 2019 [58]. - The company's operating cost for 2020 was CNY 167.43 million, up 20.85% year-on-year [100]. - The gross margin for the company's main business in 2020 was 73.94%, an increase of 0.35% from the previous year [100]. Research and Development - Research and development expenses accounted for 11.90% of operating revenue, an increase of 0.81 percentage points from 2019 [23]. - The total R&D investment for 2020 was approximately ¥76.44 million, an increase of 31.38% compared to ¥58.18 million in the previous year [58]. - The company applied for 96 new patents in 2020, including 5 invention patents and 37 utility model patents, bringing the total patents held to 176 [55]. - The number of R&D personnel increased by 64.37% to 549 by the end of 2020, contributing to the rise in R&D expenses [59]. - The company has established a comprehensive product system in machine vision, covering key components such as light sources, lenses, and vision control systems [76]. - The company emphasizes the importance of technical service and support in the sales process due to the relatively short history of machine vision in China [40]. - The company is focused on expanding its business layout in new energy, semiconductors, and photovoltaics to provide new growth points for future performance [85]. Market Position and Strategy - The company ranks among the top five in the domestic machine vision industry, being the only one focused on the production and sales of core machine vision hardware and software [47]. - The company has a stable customer base, with products applied in production lines of major clients such as Huawei, Google, and BYD [46]. - The company aims to become a world-class vision enterprise, leveraging its technological advantages to drive sales and market expansion [35]. - The penetration of machine vision technology is expected to increase significantly due to the promotion of intelligent manufacturing in China, driven by the "Made in China 2025" strategy [50]. - The company is the only one among the top five in the machine vision industry that focuses on the production and sales of core software and hardware [135]. Risk Management - The company has identified and described various risk factors in the report, urging investors to pay attention to these risks [4]. - The company faces risks from increased competition in the machine vision industry, which may lead to price declines and margin pressures [91]. - The reliance on the 3C electronics sector for over 70% of revenue poses a risk if market conditions deteriorate [92]. Corporate Governance - The board of directors and senior management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements [4]. - The company has committed to improving its corporate governance structure to enhance operational efficiency and competitive strength [143]. - The company emphasizes adherence to commitments regarding share transfers and reductions, with any violations resulting in profits being returned to the company [165]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm [5]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report [8]. - The company has taken measures to ensure that any related guarantees are disclosed and approved according to legal requirements [194].