NETSUN(SZ:002095)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was CNY 377,171,286.25, representing a 5.61% increase from CNY 357,124,795.29 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 36,988,899.54, up 5.69% from CNY 34,998,326.81 in 2019[17]. - Basic earnings per share for 2020 were CNY 0.15, an increase of 7.14% from CNY 0.14 in 2019[17]. - The weighted average return on equity for 2020 was 4.09%, slightly up from 4.04% in 2019[17]. - The company achieved total operating revenue of CNY 385,899,294.03 in 2020, an increase of 4.13% compared to 2019, primarily due to increased revenue from chemical trade business[34]. - The net profit attributable to the parent company was CNY 36,988,899.54, representing a growth of 5.69% year-on-year, driven by the development of B2B trading and supply chain finance platforms[34]. - The total operating revenue from the chemical trade segment was CNY 278,746,809.22, accounting for 73.90% of total revenue, with a year-on-year increase of 26.01%[37]. - Revenue from network services decreased by 16.40% to CNY 93,247,137.74, which constituted 24.72% of total revenue[37]. - The company reported a significant decline in exhibition services revenue, which dropped by 98.29% to CNY 337,735.85[38]. - The company’s total distributable profit for 2020 was RMB 223,542,533.18, with the cash dividend constituting 100% of the profit distribution[86]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -128,919,584.66, a decrease of 235.92% compared to CNY 94,850,116.85 in 2019[17]. - The company reported a significant decline in cash flow from operating activities, indicating potential liquidity issues[17]. - Operating cash inflow decreased by 24.06% to ¥509,342,189.56 in 2020 from ¥670,744,937.86 in 2019, while cash outflow increased by 10.83% to ¥638,261,774.22[54]. - The net increase in cash and cash equivalents was -¥102,432,343.95 in 2020, a decline of 293.15% from an increase of ¥53,033,494.23 in 2019[55]. - The company's total assets included cash and cash equivalents of ¥865,651,520.28, which accounted for 52.93% of total assets, down from 59.37% at the beginning of the year[57]. Assets and Liabilities - Total assets at the end of 2020 were CNY 1,635,342,463.76, a 2.51% increase from CNY 1,595,345,884.39 at the end of 2019[17]. - Total liabilities increased to CNY 467,787,396.54 in 2020 from CNY 455,456,574.83 in 2019, representing a rise of about 7.3%[200]. - The company's cash and cash equivalents decreased to CNY 865,651,520.28 in 2020 from CNY 947,122,520.75 in 2019, a decline of approximately 8.6%[197]. - Accounts receivable rose significantly to CNY 13,419,791.67 in 2020, compared to CNY 5,873,416.77 in 2019, marking an increase of about 128.5%[197]. - The total equity attributable to shareholders increased to CNY 911,446,603.27 in 2020 from CNY 886,947,496.87 in 2019, showing a growth of approximately 2.6%[200]. Research and Development - Research and development expenses for 2020 amounted to 16,712,452.18 CNY, a decrease of 4.56% compared to 2019[50]. - The number of R&D personnel decreased by 8.97% from 145 in 2019 to 132 in 2020, while the proportion of R&D personnel increased from 21.64% to 24.18%[52]. - The company is investing heavily in R&D for new technologies, with an allocation of 200 million CNY for the upcoming year[147]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 12,636,000 based on 252,720,000 shares[5]. - In 2020, the company distributed a cash dividend of RMB 12,636,000, which is 34.16% of the net profit attributable to the parent company[84]. - The cash dividend for 2019 was also RMB 12,636,000, representing 36.10% of the net profit attributable to the parent company[84]. - The cash dividend for 2018 was RMB 12,636,000, accounting for 36.26% of the net profit attributable to the parent company[84]. - The company’s cash dividend policy requires that the retained cash after distribution must not be less than RMB 50 million[78]. Corporate Governance and Compliance - The company has not engaged in any significant asset or equity sales during the reporting period[67]. - The company has no derivative investments or fundraising activities during the reporting period[65][66]. - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period[90]. - The company has not faced any bankruptcy reorganization or major litigation during the reporting period[98][99]. - The independent directors did not raise any objections to company matters during the reporting period[166]. Market and Strategic Outlook - The macroeconomic environment remains stable, with expectations for continued growth in cross-border e-commerce despite challenges posed by the pandemic[28]. - The company is focusing on building infrastructure for industrial internet, supply chain finance, and logistics networks to enhance service offerings[26]. - The company aims to leverage big data from the industrial chain to provide full-process services for supply chain and industrial chain scenarios[31]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[147]. - The company is considering strategic acquisitions to enhance its service offerings, targeting at least two potential companies by the end of the fiscal year[147].