SLC(SZ:002106)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was ¥6,751,529,408.36, representing a 40.59% increase compared to ¥4,802,171,361.91 in 2019[41]. - The net profit attributable to shareholders for 2020 was ¥438,097,418.06, a 55.43% increase from ¥281,855,990.95 in 2019[41]. - The net profit after deducting non-recurring gains and losses was ¥384,425,975.19, up 64.73% from ¥233,363,461.28 in 2019[41]. - The basic and diluted earnings per share for 2020 were both ¥0.6207, a 55.45% increase from ¥0.3993 in 2019[41]. - The total assets at the end of 2020 were ¥6,198,151,530.04, a 16.37% increase from ¥5,326,181,898.96 at the end of 2019[41]. - The net assets attributable to shareholders at the end of 2020 were ¥4,417,171,480.05, an 8.95% increase from ¥4,054,289,318.58 at the end of 2019[41]. - The net cash flow from operating activities for 2020 was ¥241,190,120.56, a decrease of 60.86% compared to ¥616,166,411.42 in 2019[41]. - In Q4 2020, the operating revenue reached ¥2,130,423,016.73, contributing to a significant increase in sales compared to previous quarters[46]. - The company reported a gross margin of 15.98% for the electronic components sector, with a year-on-year increase of 0.62%[68]. - The total operating costs for 2020 were CNY 5,659,575,637.22, an increase of 39.54% compared to the previous year[75]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares based on a total share capital of 705,816,160 shares as of December 31, 2020[20]. - The cash dividend in 2020 represented 24.17% of the net profit attributable to ordinary shareholders, which was 438,097,418.06 yuan[148]. - The cash dividend for 2019 was 70,581,616.00 yuan, accounting for 25.04% of the net profit attributable to ordinary shareholders of 281,855,990.95 yuan[148]. - The total distributable profit for the year 2020 was 355,095,138.54 yuan, with the cash dividend accounting for 100% of the profit distribution[149]. Market and Product Development - The company has a focus on developing new technologies and products, particularly in the field of touch screen sensors and displays[25]. - The company focuses on developing new products and technologies, including flexible touch screen sensors and integrated capacitive touch screens, to enhance market competitiveness[28]. - The company aims to increase its market share in mid-to-large size capacitive touch screens, which are the main source of operating profit, despite potential impacts from the COVID-19 pandemic and supply chain disruptions[31]. - The company plans to promote its mid-to-large size capacitive touch screen products in specialized application markets such as automotive, industrial control, and smart home[31]. - The company is focused on expanding its product offerings in the flexible touch screen market, particularly for small-sized screens compatible with foldable displays[28]. - The company has developed new technologies such as ultra-hard AR coatings and invisible metal mesh, which are expected to enhance its competitive edge in the market[60]. - The company plans to invest in R&D for new products, including low-resistance ITO conductive glass and flexible TFT products, to enhance product quality and production efficiency[125]. - The company aims to solidify its market position in commercial laptop touch screens and expand its market share in automotive touch screens[127]. Risks and Challenges - The company faces exchange rate fluctuation risks due to its export trade primarily being settled in USD, which may lead to increased foreign exchange losses[32]. - The company anticipates potential risks from supply chain disruptions and increased competition in the large-sized capacitive touch screen market[130]. - The company faces significant market competition from new display technologies such as LTPS TFT and AMOLED, which may impact its market share in the TFT-LCD panel sector[133]. Research and Development - Research and development expenses increased by 37.57% to ¥273,922,541.82, driven by investments in new products and technologies[87]. - The number of R&D personnel rose by 9.76% to 270, while R&D expenditure as a percentage of operating income was 4.06%[87]. - As of the end of the reporting period, the company had applied for and authorized a total of 323 patents, including 315 in mainland China[61]. Environmental Compliance - The company has established an environmental protection management system and invested nearly 1 million RMB annually in energy-saving measures, resulting in significant cost savings[186]. - The company achieved compliance with all environmental discharge standards, with chemical oxygen demand at 41.3 mg/L against a standard of 300 mg/L[194]. - The company’s wastewater treatment facilities ensure that all wastewater is treated and discharged in compliance with regulations[197]. - The company and its subsidiaries did not experience any major environmental issues or pollution incidents during the reporting period[198]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[19]. - The company appointed Tianjian Accounting Firm as its auditor, with an audit fee of 800,000 RMB and a continuous service period of 2 years[161]. - There were no significant lawsuits or arbitration matters during the reporting period[162]. - The company did not experience any major penalties or rectification issues during the reporting period[163]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[165].