WISCOM(SZ:002090)2021-04-27 16:00Financial Performance - The company's total revenue for 2020 was approximately ¥1.858 billion, representing a decrease of 7.78% compared to 2019[17]. - The net profit attributable to shareholders for 2020 was approximately ¥65.06 million, a decline of 33.90% from the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥40.75 million, an increase of 5.71% year-on-year[17]. - The basic earnings per share for 2020 was ¥0.1609, down 33.92% from ¥0.2394 in 2019[18]. - The total assets at the end of 2020 were approximately ¥3.484 billion, a decrease of 6.24% compared to the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.340 billion, an increase of 2.26% from the end of 2019[18]. - The company reported a total of ¥24,308,804.39 in non-recurring gains and losses for 2020, compared to ¥59,874,055.88 in 2019, indicating a decrease in non-recurring income[24]. - The company's total revenue for Q4 2020 reached ¥870,059,722.63, with a year-on-year increase of approximately 20% compared to Q3 2020[22]. - The net profit attributable to shareholders for Q4 2020 was ¥35,170,090.33, reflecting a significant increase from ¥11,562,186.41 in Q3 2020[22]. - The net cash flow from operating activities in Q4 2020 was ¥154,095,889.51, showing a strong recovery from a negative cash flow of ¥20,024,685.56 in Q1 2020[22]. Business Segments - The company focuses on two main business segments: smart energy and smart city solutions, leveraging over 20 years of experience in the power automation industry[15]. - The smart city segment generated ¥963.77 million, accounting for 51.87% of total revenue, reflecting an 18.93% decline from ¥1.19 billion in 2019[51]. - The smart energy segment saw an increase in revenue to ¥883.12 million, representing 47.53% of total revenue, up by 7.20% from ¥823.78 million in 2019[51]. - The company secured multiple large-scale projects in smart building and smart transportation, indicating a recovery in order intake in the second half of the year[45][46]. - The company has successfully expanded its market presence in the renewable energy sector, securing multiple projects with major energy companies[42]. Research and Development - The company has over 300 dedicated R&D personnel and has established multiple research centers, including a joint R&D center with Shanghai Jiao Tong University[35]. - The company has more than 100 patents and 200 software copyrights, reflecting its commitment to innovation and technology advancement[35]. - The company completed the development of various smart energy and smart city products, including the AEGC-6000P-F new energy primary frequency modulation system[69][70]. - The company applied for over 30 new patents and was granted 11 new invention patents during the reporting period[70]. - R&D personnel increased by 1.64% to 310, with R&D personnel accounting for 26.18% of the total workforce[71]. Market Strategy and Expansion - The company aims to become a leading provider of smart energy solutions, integrating traditional power automation with advanced technologies such as AI and IoT[28]. - The company has actively explored new directions in energy management and environmental protection to enhance its smart city solutions[29]. - The company plans to continue focusing on market expansion and new technology development to enhance its competitive position in the industry[62]. - The company plans to leverage new technologies such as Ceph distributed storage and Zabbix network management in future projects[47]. - The company is focusing on optimizing solutions for wind and solar energy markets to enhance its competitive position in the renewable energy sector[91]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total of 391,231,952 shares eligible for distribution[5]. - The cash dividend distribution represents 60.14% of the net profit attributable to the parent company for 2020, which is 65,058,560.35 yuan[114]. - The company has maintained a stable operating performance, considering investor returns and future business development needs[116]. - The cash dividend for 2019 was 10,106,623.40 yuan, which was 10.27% of the net profit[114]. - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their rights[111]. Corporate Governance and Compliance - The company has maintained its accounting firm, Tianheng Accounting Firm, for 21 years, with an audit fee of 700,000 RMB for the current period[128]. - The company did not face any major litigation or arbitration matters during the reporting period[130]. - The company actively protects the rights of shareholders and creditors, adhering to legal regulations and improving corporate governance structures[157]. - The company has not reported any significant related party transactions exceeding the approved limits during the reporting period[134]. - The company has engaged in social responsibility initiatives, including environmental protection and support for national education[157]. Risk Management - The company faces risks related to technological innovation, market competition, talent retention, accounts receivable, and macroeconomic conditions, which it plans to address through strategic measures[100][102][103][104][105]. Employee Relations and Welfare - The company has established a comprehensive employee welfare system, including health insurance and maternity benefits[160]. - The company has implemented a robust employee training system to enhance staff capabilities and safety awareness[161]. - The company has maintained a AAA credit rating from the People's Bank of China, reflecting its strong financial standing and commitment to creditor rights[159]. Shareholder Structure - Jiangsu Jinzhi Technology Co., Ltd. reported a total shareholding of 148,450,460 shares by its largest shareholder, Jiangsu Jinzhi Group Co., Ltd., accounting for 36.72% of total shares[184]. - The top ten shareholders include Jiangsu Jinzhi Group Co., Ltd. and several natural persons, with the second-largest shareholder, Ye Liujin, holding 5,860,537 shares, representing 1.45%[184]. - The company has not undergone any changes in its controlling shareholder or actual controllers during the reporting period[186][188]. - The company has a total of 4,800,000 shares held by Tibet Trust Co., Ltd. under a collective fund trust plan, indicating employee stock ownership[185]. Environmental and Social Responsibility - The company has obtained ISO 14001:2015 environmental management system certification and has not been involved in any environmental pollution incidents during the reporting period[169]. - The company donated over 700,000 RMB to support frontline efforts during the COVID-19 pandemic, including 300,000 RMB to hospitals[167]. - The company actively participated in poverty alleviation efforts by purchasing 40,000 RMB worth of agricultural products from a national-level poverty-stricken county[168].