创维数字(000810) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥8,507,806,781.17, a decrease of 4.43% compared to the previous year[29]. - The net profit attributable to shareholders for 2020 was ¥383,695,074.99, down 38.73% from the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥346,902,768.39, a decrease of 40.97% year-on-year[29]. - The basic earnings per share for 2020 was ¥0.37, down 38.33% from the previous year[29]. - The diluted earnings per share for 2020 was ¥0.36, a decrease of 38.98% year-on-year[29]. - The total assets at the end of 2020 were ¥10,250,139,368.19, a decrease of 2.82% from the previous year[29]. - The net assets attributable to shareholders at the end of 2020 were ¥4,202,130,475.86, an increase of 11.64% compared to the previous year[29]. - The company achieved total revenue of 8.508 billion yuan in 2020, a decrease of 4.43% year-on-year[64]. - The net profit attributable to shareholders was 383.70 million yuan, down 38.73% compared to the previous year, with a gross margin of 18.19%[64]. - The smart terminal and broadband connection business accounted for 66.11% of total revenue, generating 5.624 billion yuan, a decline of 14.53% year-on-year[67]. - The professional display business saw revenue growth of 25.40%, reaching 2.557 billion yuan[69]. - The user operation service business grew steadily, achieving revenue of 259.45 million yuan, an increase of 20.27% year-on-year[71]. Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥2,446,407,146.99, an increase of 4,048.45% compared to the previous year[29]. - Operating cash inflow totaled ¥11,472,920,360.08, an increase of 13.44% compared to ¥10,113,235,944.79 in 2019[99]. - Cash and cash equivalents increased by ¥1,427,381,523.45, representing a growth of 71.66% from ¥831,501,891.28 in 2019[99]. - Total investment during the reporting period was ¥22,994,524.57, a decrease of 91.08% from ¥257,805,120.00 in the previous year[109]. - The company reported a significant increase in financial expenses by 223.38% to ¥26,030,986.70 due to increased exchange losses[93]. - The company has reported a total of RMB 5.60 million in net interest income from the raised funds account as of December 31, 2020[128]. Dividends and Shareholder Returns - The company plans to distribute cash dividends of 1.00 CNY per 10 shares to all shareholders, based on the total share capital as of the dividend record date[5]. - The company distributed cash dividends of ¥106,336,395.20 in 2020, representing 27.71% of the net profit attributable to ordinary shareholders[194]. - In 2019, the cash dividends amounted to ¥191,081,879.94, accounting for 30.51% of the net profit attributable to ordinary shareholders[194]. - The cash dividend represents 100% of the total distributable profit of 2,312,588,051.44 yuan[200]. Business Strategy and Market Position - The company is focused on expanding its market presence and enhancing its product offerings in the smart home and digital media sectors[12]. - The company aims to leverage 5G technology to enhance its product capabilities and improve user experience[15]. - The company is exploring strategic acquisitions to strengthen its position in the global market, particularly in North America and Europe[12]. - The company is actively involved in the development of new technologies, including smart gateways and advanced display systems for automotive applications[12]. - The company is focusing on professional display hardware and application solutions, targeting niche markets and industry clients[156]. - The company aims to increase its market share in the automotive display system sector by targeting top automotive manufacturers[156]. - The company is enhancing material quality control and localizing supply chains to mitigate risks associated with global supply shortages[157]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, highlighting potential adverse factors that may impact future performance[5]. - The company has disclosed various risk factors that could negatively affect its future development strategies and operational goals[5]. - The company is addressing market risks, including competition and external uncertainties, which may impact future business development[176]. - The ongoing COVID-19 pandemic has affected the company's supply chain and market operations, creating uncertainties for achieving annual business goals[176]. - The company has established credit risk management policies to control exposure from customer credit and ensure overall credit risk remains manageable[180]. - The company is implementing foreign exchange risk management strategies to mitigate the impact of currency fluctuations on its financial performance[180]. Research and Development - The company has established five major R&D institutions in Shenzhen, Beijing, Vienna, London, and Wuhan, focusing on continuous investment in new technologies, applications, products, and markets[55]. - The company has been recognized as a "National Intellectual Property Advantage Enterprise" and has accumulated the most patents in the domestic digital smart set-top box industry, showcasing its innovation capabilities[55]. - The company is increasing R&D investment in products such as 10G optical fiber smart gateways, WiFi 6 MESH routers, and 5G CPE, while also focusing on smart city solutions[157]. - Research and development expenses rose to ¥509,138,959.06, an increase of 4.24% from the previous year[72]. Corporate Governance - The company’s financial report has been confirmed as true, accurate, and complete by the board of directors and senior management[4]. - The company has established a comprehensive information disclosure system, utilizing platforms like China Securities Journal and Securities Times[23]. - The company is committed to continuous supervision and has appointed CITIC Securities as its sponsor for ongoing guidance[27]. - The company has not reported any issues or changes regarding the use and disclosure of raised funds during the reporting period[137].