KAIFA(SZ:000021)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥14.97 billion, representing a 13.18% increase from ¥13.22 billion in 2019[13]. - The net profit attributable to shareholders for 2020 was approximately ¥857.13 million, a significant increase of 143.30% compared to ¥352.30 million in 2019[13]. - The net profit after deducting non-recurring gains and losses was approximately ¥302.41 million, up 90.50% from ¥158.75 million in 2019[13]. - The basic earnings per share for 2020 was ¥0.5826, reflecting a 143.26% increase from ¥0.2395 in 2019[13]. - The total assets at the end of 2020 were approximately ¥21.63 billion, an increase of 17.24% from ¥18.45 billion at the end of 2019[13]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥7.58 billion, a 9.57% increase from ¥6.92 billion at the end of 2019[13]. - The net cash flow from operating activities for 2020 was approximately ¥4.12 billion, a significant recovery from a negative cash flow of approximately ¥1.00 billion in 2019[13]. - The company reported a weighted average return on equity of 11.83% for 2020, up from 5.19% in 2019, indicating improved profitability[13]. - The company reported a total non-recurring gains and losses of ¥554,725,982.29 in 2020, a significant increase from ¥193,553,734.03 in 2019, representing a growth of approximately 186.6%[17]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.60 per 10 shares, totaling approximately RMB 235.40 million based on the current total share capital of 1,471,259,363 shares[4]. - The cumulative cash dividend amount over the last three years (2018-2020) accounted for 79.17% of the average net profit attributable to shareholders of the listed company[82]. - In 2020, the company reported a net profit of RMB 857,132,642.21, with cash dividends representing 27.46% of this profit[85]. - The company has maintained a consistent cash dividend policy, emphasizing shareholder returns and compliance with its articles of association[82]. - The company’s cash dividend distribution plan for 2020 requires approval from the upcoming shareholders' meeting[87]. Business Operations and Strategy - The company has maintained its primary business in the manufacturing of computers and related electronic equipment since its listing[12]. - The company has established a comprehensive electronic product manufacturing service model, focusing on three main business areas: storage semiconductors, proprietary products, and high-end manufacturing[18]. - The company has expanded its manufacturing bases in Shenzhen, Suzhou, Dongguan, Huizhou, and Chengdu, as well as overseas factories in Malaysia and the Philippines, enhancing its global operational footprint[18]. - The company is focusing on integrating advanced technologies in its operations, leveraging the expertise of its newly elected board members[164]. - The company plans to invest in the production technology development of home medical products and portable medical devices to enhance market share[35]. Research and Development - The company has a strong focus on R&D, with a commitment to developing new products in the high-end storage chip packaging and testing sector, supported by a robust technical team[23]. - Research and development expenses amounted to CNY 255.12 million, accounting for 1.70% of the annual operating revenue, an increase of 22.56% year-on-year[50]. - The company applied for 107 new patents in 2020, including 32 invention patents, and received 67 patent authorizations, with 7 being invention patents[49]. Market and Customer Insights - The company’s storage semiconductor business expanded its advanced packaging capacity to meet the growing demand for high-end memory chips due to the surge in cloud computing usage[31]. - The shipment volume of the metering system business increased by 30.4% year-on-year, with an automation rate of 50% achieved[33]. - The company’s revenue from the computer, communication, and other electronic equipment manufacturing industry was CNY 14,708,316,448.90, accounting for 98.27% of total revenue, with a year-on-year growth of 11.90%[38]. - The company’s major customers accounted for 55.09% of total sales, with the top five customers generating CNY 8,245,325,165.88 in sales[44]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no false statements or significant omissions[3]. - The company has engaged Lixin Accounting Firm for auditing services, with a fee of 1.56 million RMB, and has maintained this auditor for 5 years[97]. - The audit committee reviewed the company's 2020 unaudited financial statements and issued written opinions confirming compliance with accounting standards[196]. - The company has a structured approach to determining the remuneration of senior management based on performance evaluations[173]. Environmental Responsibility - The company emphasizes its commitment to social responsibility and sustainable development[129]. - The total emissions of suspended solids are 2.57 tons per year, with a concentration of less than 60 ppm[131]. - The company has invested in pollution prevention facilities that have been operating stably since its establishment[132]. - The company has passed ISO14000 and ISO18000 certifications, and its wastewater treatment system was recognized as an excellent demonstration project in Guangdong Province in 2007[133]. Shareholder Information - The controlling shareholder, China Electronics, holds 36.61% of the company's total shares after a series of equity changes[135]. - The company has a total of 538,558,777 unrestricted shares held by major shareholders[149]. - The largest shareholder, China Electronics Corporation, holds 36.61% of the shares, totaling 538,558,777 shares[148]. - The company has not engaged in any repurchase transactions during the reporting period[149]. Risk Management - The company faces market competition risks in the storage semiconductor and high-end manufacturing sectors, necessitating a focus on independent innovation and international cooperation[77]. - The company has significant exposure to foreign exchange risks due to import and export activities, implementing hedging strategies to mitigate potential losses[77]. - The ongoing COVID-19 pandemic poses operational challenges, prompting the company to enhance its strategic layout in emerging industries while maintaining traditional advantages[79].