*ST中期(000996) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥49,935,096.14, a decrease of 19.86% compared to ¥62,307,786.31 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥6,082,459.41, an increase of 8.89% from ¥5,585,903.00 in 2019[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,930,829.22, down 17.32% from ¥10,801,854.73 in 2019[19]. - The total operating revenue for the company in 2020 was CNY 49.94 million, down 19.86% year-on-year[34]. - The automotive sales business accounted for 80.91% of total revenue, with a revenue of CNY 40.40 million, reflecting a decline of 24.67% from the previous year[38]. - The company reported a net profit attributable to shareholders of CNY 608.25 thousand for 2020, indicating a challenging operating environment[34]. - Total revenue for 2020 was CNY 49,935,096.14, a decrease of 19.8% compared to CNY 62,307,786.31 in 2019[179]. - The net profit for 2020 was a loss of 15,451,149.94, compared to a loss of 10,116,905.99 in 2019, representing an increase in loss of approximately 53.1%[184]. - The total comprehensive income for 2020 was a loss of 16,816,522.74, compared to a loss of 9,754,512.37 in 2019, indicating a deterioration of about 72.1%[185]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥6,502,199.33, a 54.94% increase compared to -¥14,429,788.72 in 2019[19]. - Total operating cash inflow decreased by 32.05% to ¥54,399,916.33 compared to ¥80,060,561.91 in the previous year[47]. - Total cash and cash equivalents at the end of 2020 were 3,264,591.84, down from 11,342,951.18 at the end of 2019, reflecting a decrease of approximately 71.2%[189]. - The company incurred a credit impairment loss of 18,062,230.38 in 2020, compared to 7,085,730.35 in 2019, representing an increase of about 154.1%[184]. - The report indicates a significant decrease in cash reserves, highlighting potential liquidity concerns for future operations[193]. Assets and Liabilities - The total assets at the end of 2020 were ¥668,550,601.88, a decrease of 0.98% from ¥675,197,559.96 at the end of 2019[19]. - Total liabilities decreased from CNY 202,783,518.71 in 2019 to CNY 188,778,410.67 in 2020, a reduction of about 6.9%[173]. - The equity attributable to shareholders increased from CNY 472,414,041.25 in 2019 to CNY 479,772,191.21 in 2020, reflecting a growth of approximately 1.5%[173]. - The company's long-term equity investments were valued at CNY 606,828,113.66, a minor decrease from CNY 607,475,534.80 in the previous year, indicating a decline of approximately 0.1%[171]. Business Strategy and Future Plans - The company is actively pursuing a major asset restructuring to adapt to market challenges and improve its business structure[34]. - In 2021, the company plans to promote asset restructuring, focusing on futures, fund sales, and 5G services to enhance its development space and overcome current operational challenges[59]. - The company aims to complete significant asset restructuring, including the sale of major assets and merging with China International Futures Co., to improve profitability and expand its asset scale[59]. - The company plans to develop fund sales and high-end wealth management services, aiming to create new profit growth points and adjust its business structure[60]. - The company is exploring potential mergers and acquisitions to strengthen its market position[200]. Corporate Governance and Compliance - The company emphasized the importance of corporate governance and shareholder rights, holding two shareholder meetings in 2020[92]. - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors and supervisors[121]. - The audit committee reviewed the company's financial reports for 2019 and the first three quarters of 2020, ensuring compliance and accuracy[144]. - The company maintains complete control over its assets, ensuring no misuse by shareholders or actual controllers[138]. - The company has established an independent financial department, implementing independent accounting and tax reporting[138]. Human Resources and Management - The total number of employees in the company is 67, with 12 in the parent company and 55 in major subsidiaries[125]. - The company has established a competitive salary system based on market standards and performance evaluations to enhance employee motivation[127]. - The company has a remuneration decision-making process involving the compensation and assessment committee, which requires board approval and shareholder meeting ratification[122]. - The company plans to further enhance its performance evaluation and incentive mechanisms, including a potential stock incentive plan in the future[147]. Market Conditions and Challenges - The overall automotive market in China saw a decline in sales, with total production and sales of 25.23 million and 25.31 million vehicles, down 2% and 1.9% respectively[33]. - The automotive service business is being phased out due to increased competition and declining performance, with a focus on new business development[60]. - The company has not made significant investments in the automotive service sector in recent years, leading to high operational costs and a lack of competitive advantage[28].