NSU(SZ:002089)2021-04-27 16:00Financial Performance - The company reported a total revenue of RMB 1.5 billion for the year 2020, representing a year-on-year increase of 10%[14]. - The net profit attributable to shareholders was RMB 200 million, which is a decrease of 5% compared to the previous year[14]. - The company's operating revenue for 2020 was ¥158,832,259.09, a decrease of 40.07% compared to ¥265,043,822.18 in 2019[18]. - The net profit attributable to shareholders was -¥273,895,894.6, representing a decline of 476.14% from ¥63,236,143.78 in the previous year[18]. - The total operating revenue for 2020 was ¥158,832,259.09, a decrease of 40.07% compared to ¥265,043,822.18 in 2019[46]. - The company reported a basic and diluted earnings per share of -¥0.1992, down 475.85% from ¥0.05 in 2019[18]. - The company's net profit attributable to ordinary shareholders in 2020 was -273,895,894.6, resulting in a cash dividend ratio of 0.00%[95]. - The company reported a net profit of 393 million yuan for the years 2016-2018, with a commitment to achieve this target or face compensation obligations[98]. - The company reported a net profit of 57,544,763.12 yuan for the year 2019, adjusted from 56,204,893.02 yuan due to prior period corrections[110]. User Growth and Market Expansion - User data showed an increase in active users by 15%, reaching a total of 1.2 million active users by the end of 2020[14]. - The company plans to invest RMB 300 million in research and development for new technologies and products in 2021[14]. - Future guidance indicates an expected revenue growth of 12% for 2021, targeting RMB 1.68 billion[14]. - The company has initiated a market expansion strategy focusing on Southeast Asia, aiming to increase market share by 20% in the region[14]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[178]. Research and Development - The company plans to increase investment in data centers to leverage its existing resources and meet the growing demand for cloud computing and data storage[40]. - Research and development expenses decreased by 46.30%, from 14,559,656.12 yuan in 2019 to 7,817,883.75 yuan in 2020[60]. - Research and development expenses increased by 20% to 300 million RMB, focusing on AI and machine learning technologies[178]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[14]. - A strategic acquisition of a local tech firm was announced, expected to close by Q2 2021, which will enhance the company's technological capabilities[178]. - The company has strategically divested from non-core assets, including the sale of Jiangxi Dibi Ke Co., Ltd. shares, to focus on its main business and improve cash flow[39]. - The company aims to strengthen its competitive position by consolidating resources and focusing on its core business in telecommunications and data centers[36]. Operational Efficiency - The company has established partnerships with three new suppliers to improve supply chain efficiency and reduce costs by 8%[14]. - The company has increased its data center capacity by 500 cabinets in 2020, bringing the total to 2,500 cabinets, with a leasing efficiency of over 80%[28]. - The annual revenue from the data center business exceeded ¥100 million, providing stable cash flow for the company[30]. - The total costs for IDC data centers increased by 39.48%, from 42,597,995.38 yuan in 2019 to 59,415,921.10 yuan in 2020[56]. Governance and Compliance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintaining transparency in operations[189]. - The company has a shareholder meeting as its highest authority, ensuring fair treatment of all investors, especially minority shareholders[189]. - The audit committee held 5 meetings during the reporting period to review financial reports and internal control systems[199]. - The company’s governance structure aligns with the regulatory requirements set by the China Securities Regulatory Commission[192]. Employee Management - The total number of employees in the company is 163, with 65 in production, 17 in sales, 28 in technology, 16 in finance, and 37 in administration[184]. - The company has implemented a dynamic compensation mechanism based on individual performance and contributions to encourage employee productivity[185]. - The company has established a performance evaluation system that links employee income to corporate performance, promoting transparency in recruitment[191]. Financial Challenges - Significant risks identified include market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company faced regulatory scrutiny, receiving a public reprimand from the Shenzhen Stock Exchange in 2020 for compliance issues[179]. - The company has reported a financial assistance amount of 45.63 million yuan to Shaanxi Tongjia during the reporting period[102]. Shareholder and Equity Changes - The controlling shareholder intends to transfer 24.34% of the company's total equity to Suzhou Henghao Investment Co., Ltd. as per the share transfer agreement signed on September 12, 2020[146]. - The company sold its 17.86% stake in Dibico, as announced in the relevant disclosure[147]. - The total number of shareholders at the end of the reporting period was 43,835, an increase from 41,571 at the end of the previous month[157].