OPT(688686)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was CNY 642,427,321.77, representing a year-on-year increase of 22.46%[32]. - The net profit attributable to shareholders for 2020 was CNY 244,165,540.43, an increase of 18.27% compared to the previous year[36]. - Basic and diluted earnings per share for 2020 were CNY 3.9473, reflecting a 14.72% increase year-on-year[33]. - The company's total assets at the end of 2020 were CNY 2,428,305,472.71, a 275.99% increase from the previous year[32]. - The net assets attributable to shareholders increased by 306.73% to CNY 2,292,056,076.60 at the end of 2020[32]. - The gross profit margin for 2020 was 73.94%, up 0.35% from the previous year[122]. - The company's main products showed a production increase of over 50% in 2020 compared to 2019, leading to a significant reduction in unit costs[133]. Dividend 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[8]. - The cash dividend for 2020 accounts for 17.64% of the total undistributed profits as of December 31, 2020, amounting to RMB 467,633,441.93[168]. - The board of directors has approved the profit distribution plan, pending approval from the shareholders' meeting[8]. - The company has committed to strict adherence to its cash dividend policy as outlined in its articles of association[167]. - The company plans to complete the distribution of dividends within two months after the shareholders' meeting approval[168]. Research and Development - Research and development expenses accounted for 11.90% of operating revenue, an increase of 0.81 percentage points from the previous year[33]. - The company has achieved a significant increase in accounts receivable financing, with a balance of approximately ¥44.38 million at the end of the reporting period[45]. - The company has applied for 96 new patents and obtained 5 invention patents, 37 utility model patents, and 8 software copyrights during the reporting period, totaling 176 patents by the end of the period[69]. - Total R&D investment reached ¥76,441,470.59, a 31.38% increase from the previous year, with R&D expenses accounting for 11.90% of operating revenue[72]. - The number of R&D personnel increased by 64.37% to 549 by the end of 2020, contributing to the growth in R&D expenses[73]. 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[57]. - The global machine vision market size was approximately $9.6 billion in 2020, with a stable growth rate of 12% over the past decade[57]. - The company aims to expand its market presence in sectors such as automotive, chemicals, pharmaceuticals, and logistics while strengthening its foothold in existing markets like 3C electronics and new energy[162]. - The company has established a stable customer base, including major clients such as Huawei, Google, and BYD, enhancing its market presence[57]. - The company is focused on developing flexible and customized services to meet domestic customer needs, leveraging its cost advantages[157]. Risks and Challenges - The company has disclosed potential risks in its operations, which investors should pay attention to, as detailed in the report[6]. - The company faces risks of declining gross margins due to increased competition and rising costs of raw materials and labor[112]. - The company's reliance on the 3C electronics sector is high, with over 70% of revenue coming from this industry, posing risks if market conditions change[113]. - The company is developing multiple new products, but these are still in the R&D phase and face risks of competition and market acceptance[115]. Corporate Governance - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[172]. - The company has a long-term commitment to resolve any potential conflicts of interest with related parties[175]. - The company intends to improve its corporate governance structure to enhance operational efficiency and decision-making processes[164].