SOYEA(SZ:000909)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was CNY 1,344,919,270.13, representing a 2.11% increase compared to CNY 1,317,102,210.58 in 2019[18]. - The net profit attributable to shareholders was CNY 43,038,947.31, a decrease of 26.45% from CNY 58,520,292.75 in the previous year[18]. - The basic earnings per share for 2020 was CNY 0.114, down 26.92% from CNY 0.156 in 2019[19]. - The total assets at the end of 2020 were CNY 4,325,377,873.61, reflecting a 1.77% increase from CNY 4,250,352,311.64 at the end of 2019[19]. - The net assets attributable to shareholders increased by 25.27% to CNY 1,811,348,492.73 from CNY 1,445,942,171.54 in 2019[19]. - The cash flow from operating activities showed a significant increase to CNY 117,320,090.18 from a negative CNY 149,758,776.80 in 2019[19]. - The company reported a net cash flow from financing activities of ¥227,325,063.04 in 2020, a substantial increase compared to ¥20,435,054.71 in 2019, mainly due to increased cash received from investments[74]. - Total cash and cash equivalents increased by ¥195,602,095.98 in 2020, contrasting with a decrease of ¥24,189,545.17 in 2019[74]. - The company reported a net loss of 269.93 million yuan for the year 2020, indicating a challenging financial environment[81]. Revenue and Sector Performance - Total operating revenue for the fourth quarter reached ¥683,104,588.13, showing a significant increase compared to previous quarters[24]. - Net profit attributable to shareholders for the fourth quarter was ¥22,505,251.53, marking a strong performance despite fluctuations in earlier quarters[24]. - The electronic information sector saw a revenue decline of 10.78%, with 2020 revenue at ¥364,905,978.56, down from ¥408,977,242.78 in 2019[60]. - The trade sector experienced significant growth, with a revenue increase of 24.40%, reaching ¥717,933,092.90 in 2020 compared to ¥577,098,795.93 in 2019[60]. - The company reported a significant increase in revenue from the trade sector, which now constitutes 53.38% of total revenue, up from 43.81% in 2019[60]. Dividends and Shareholder Engagement - The company plans to distribute a cash dividend of CNY 0.35 per 10 shares, based on a total of 453,828,600 shares[5]. - The cash dividend represents 36.91% of the net profit attributable to ordinary shareholders, which was 43,038,947.31 CNY for the year 2020[117]. - The company has maintained a stable dividend distribution policy, ensuring that minority shareholders have the opportunity to express their opinions and protect their legal rights[114]. - In the past three years, the company did not distribute any dividends for the years 2018 and 2019, reflecting a focus on reinvestment during those periods[115]. - The company has conducted 17 investor meetings, with 15 individual investors participating, indicating active engagement with shareholders[110]. Research and Development - In 2020, the company's R&D investment amounted to ¥34,573,978.04, an increase of 4.51% compared to ¥33,080,472.80 in 2019, with R&D expenditure accounting for 9.47% of operating revenue, up by 1.38 percentage points[71]. - The number of R&D personnel increased to 286 in 2020, up by 1.78% from 281 in 2019, although the proportion of R&D personnel to total staff decreased by 11.71%[71]. - The company launched several new products in 2020, including a 5G smart bus system and a facial recognition terminal with infrared temperature measurement capabilities[71]. Market Expansion and Strategic Acquisitions - The company is actively expanding its technology park operations, having acquired Dongsoft shares to enhance its incubation capabilities for high-tech enterprises[31]. - The company has acquired significant equity stakes in other firms, including an 88.83% stake in Neusoft Co., indicating a strategy of expansion through acquisitions[38]. - The company plans to explore new markets outside of Hangzhou and enhance the integration of its real estate and smart business operations[58]. - The company plans to consider acquisition strategies to resolve any potential competition with its subsidiaries in the future[124]. Legal and Compliance Matters - The company is involved in multiple lawsuits, with a total disputed amount of 31.18 million RMB related to contract disputes[140]. - The company is currently involved in litigation with New Prosperity Casting (Zhejiang) Copper Industry Co., Ltd. over a sales contract dispute, with a claim amount of 3.04 million RMB[141]. - The company has committed to ensuring compliance with court rulings and executing necessary financial recoveries[143]. - The company has not faced any administrative or criminal penalties related to the securities market in the last five years, ensuring compliance with relevant laws and regulations[129]. Corporate Governance and Management - The company has committed to maintaining transparency in its financial disclosures, particularly regarding significant transactions and their impacts[103]. - The company has established a framework to minimize related party transactions with its subsidiaries, adhering to market principles and fair pricing[123]. - The company has committed to ensuring that its subsidiaries have the necessary qualifications to operate independently in the market[122]. - The company has established a linkage between the compensation system and the performance measures to ensure accountability among executives[127]. Community Engagement and Social Responsibility - The company provided financial assistance of CNY 50,000 to the Tonglu Eshan Township and CNY 60,000 to the Jieshou Township as part of its poverty alleviation efforts[171]. - The company has actively engaged in community service, including free maintenance consultations for household appliances in local communities[168]. - The company has been recognized as an "AAA-level Contract-abiding and Trustworthy Unit" for several consecutive years, emphasizing its commitment to integrity in business operations[168].