国脉科技(002093) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥435,783,804.46, a decrease of 16.85% compared to ¥524,079,679.23 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥80,866,777.07, down 24.17% from ¥106,647,515.69 in 2019[24]. - The net cash flow from operating activities was negative at ¥173,850,457.66, a decline of 206.76% compared to ¥162,846,662.72 in 2019[24]. - The basic earnings per share for 2020 was ¥0.0803, a decrease of 24.46% from ¥0.1063 in 2019[24]. - Total assets at the end of 2020 were ¥4,061,929,169.52, down 7.13% from ¥4,373,640,033.33 at the end of 2019[24]. - The net assets attributable to shareholders at the end of 2020 were ¥3,397,620,545.80, an increase of 2.10% from ¥3,327,669,459.72 at the end of 2019[24]. - The company achieved a total revenue of CNY 435.78 million in 2020, a decrease of 16.85% year-on-year[52]. - The net profit attributable to shareholders was CNY 80.87 million, down 24.17% year-on-year, but showed growth compared to 2019 after adjustments[52]. - The comprehensive gross margin increased to 65.63%, up 10.38% year-on-year, marking a five-year high[52]. - The asset-liability ratio improved to 16.69%, down 7.48% year-on-year, indicating a more robust financial position[52]. Dividend Policy - Guomai Technologies reported a profit distribution plan to distribute cash dividends of 0.1 RMB per 10 shares to all shareholders, based on a total of 100.75 million shares[6]. - The cash dividend policy states that the company will distribute no less than 10% of the distributable profit each year, provided that the company is profitable and has positive retained earnings[126]. - The company has maintained a consistent cash dividend distribution of RMB 0.10 per 10 shares for the years 2019 and 2020, while the dividend for 2018 was RMB 0.15 per 10 shares[129]. - The cash dividend total for 2020 is 100% of the distributable profit, indicating a strong commitment to returning value to shareholders[132]. - The company has a three-year shareholder return plan that includes cash dividends, which is in compliance with relevant laws and regulations[126]. Business Operations and Strategy - The company has not reported any changes in its main business operations since its listing, indicating stability in its business model[21]. - The company’s future outlook includes a focus on technological advancements and market expansion strategies, although specific numerical targets were not disclosed[6]. - The company focuses on 5G and IoT development strategies, with main business types including IoT technology services, consulting, and education services[34]. - The company aims to focus on integrating 5G, IoT, artificial intelligence, and blockchain technologies to meet the comprehensive digitalization and internetization needs of enterprise users[42]. - The company plans to continue focusing on 5G, IoT, AI, and blockchain technology applications to support national development strategies[49]. - The company plans to continue adjusting its business structure, focusing on core strategic areas to improve profitability moving forward[57]. Research and Development - The company’s R&D expenses amounted to CNY 41,301,072.56, which is 9.48% of total revenue, showing a decrease of 4.43% compared to the previous year[73]. - The number of R&D personnel increased to 398, a rise of 7.28% year-on-year, although the proportion of R&D personnel to total staff decreased to 42.34%[72]. - The company has accumulated a total of 204 intellectual property rights as of the end of the reporting period[40]. - The company obtained 71 intellectual property rights, including 1 invention patent, 37 software copyrights, 24 utility models, and 9 design patents, representing a year-on-year increase of 103%[40]. Market and Industry Trends - The IoT industry in China surpassed 1.7 trillion yuan in 2020, with projections of 8.01 billion connections by 2025, representing a significant growth opportunity[34]. - The global IoT connections reached 12 billion in 2019, expected to grow to 24.6 billion by 2025, with China accounting for 30% of the total[111]. - The industrial internet sector in China is projected to grow from 2.13 trillion CNY in 2019 to approximately 3.1 trillion CNY in 2020, reflecting a year-on-year growth of about 47.9%[113]. - The smart health industry is expected to exceed 8 trillion CNY in market size by 2020 and reach 16 trillion CNY by 2030, driven by the integration of new technologies[113]. Risk Management - The company emphasized the importance of risk awareness regarding future plans and development strategies, indicating potential risks and countermeasures in its report[6]. - The company faces risks related to business expansion into new industries, which it plans to manage by leveraging its partnership with Fuzhou University for effective feedback mechanisms[118]. - The company has implemented a securities investment management system to mitigate risks associated with market fluctuations and ensure effective fund utilization[118]. Corporate Governance - The company’s board of directors and supervisory board have confirmed the authenticity and completeness of the annual report, taking legal responsibility for its content[5]. - The report highlights the importance of maintaining accurate financial disclosures and the role of the board in overseeing these processes[19]. - The company has established a dedicated investor relations email for communication, reflecting its commitment to transparency with stakeholders[18]. Subsidiaries and Investments - The company completed the deregistration of its wholly-owned subsidiary, which will no longer be included in the consolidated financial statements from December 22, 2020[67]. - The company established a new wholly-owned subsidiary, Fujian Weixing Investment Co., Ltd., on August 14, 2020, which is now included in the consolidated financial statements[141]. - The subsidiary Guomai Science Park reported a net loss of 21.92 million CNY, a year-on-year decrease of 3.10 million CNY, primarily due to a decline in operating revenue[110]. Environmental and Social Responsibility - The company has committed to reducing energy consumption and pollutant emissions, aligning with international environmental management standards[187]. - The company reported a total investment of 62.06 million yuan in supporting impoverished students, benefiting 1,295 students in 2020[185]. - The company aims to enhance educational poverty alleviation efforts in 2021, focusing on cooperation with universities to implement various scholarship and assistance policies[186].