TPC(SZ:002134)2021-03-10 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥457.89 million, representing a 9.48% increase compared to ¥418.24 million in 2019[18]. - The net profit attributable to shareholders decreased by 48.69% to approximately ¥6.50 million from ¥12.67 million in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 89.41% to approximately ¥1.10 million from ¥10.34 million in 2019[18]. - The net cash flow from operating activities was approximately ¥14.67 million, a decrease of 4.13% compared to ¥15.30 million in 2019[18]. - The basic earnings per share decreased by 40.00% to ¥0.03 from ¥0.05 in 2019[18]. - The total assets at the end of 2020 were approximately ¥595.06 million, an increase of 2.30% from ¥581.68 million at the end of 2019[18]. - The net assets attributable to shareholders increased by 1.65% to approximately ¥398.20 million from ¥391.76 million at the end of 2019[18]. - The weighted average return on net assets was 1.65%, down from 3.29% in 2019[18]. - The company reported a net profit of 6,501,311.44 in 2020, a decrease from 12,671,491.44 in 2019, indicating a decline in profitability[91]. - The company did not propose any cash dividend distribution for the year, maintaining a 0.00% payout ratio[91]. Revenue Sources - The revenue from domestic sales was ¥240,426,106.41, accounting for 52.51% of total revenue, with a year-on-year growth of 8.56%[42]. - The revenue from overseas sales was ¥217,465,522.57, which made up 47.49% of total revenue, showing a year-on-year increase of 10.52%[42]. Operational Efficiency - The company reported a production volume increase of 16.98% in 2020, successfully onboarding 15 new customers despite the challenges posed by the COVID-19 pandemic[37]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥29,079,491.34, representing a 251.55% rise compared to the previous year[54]. - The company reported a 15.8% year-on-year improvement in employee efficiency in 2020, with plans to further optimize human resource management in 2021[79]. - The management team has implemented new strategies to improve operational efficiency, which is expected to reduce costs by 15% over the next year[155]. Research and Development - The company's R&D expenses increased by 13.67% to ¥15,587,139.51, which is 3.40% of total operating revenue[53]. - The company plans to increase R&D investment and expand its R&D team to strengthen its technological innovation capabilities, aiming for sustainable product competitiveness[76]. - The company has invested 50 million RMB in R&D for new technologies, aiming to innovate and stay competitive in the market[155]. Market Strategy - The company aims to enhance competitiveness through core technology R&D and improve brand reputation via stable marketing channels and product service innovation[74]. - The company is focused on expanding its market presence in high-demand sectors such as industrial control, medical, and automotive electronics, tailoring strategies for different market segments[75]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[155]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase the company's production capacity by 40%[155]. Governance and Compliance - The company has maintained a consistent relationship with its auditor, Tianzhi International Accounting Firm, for five years, ensuring reliability in financial reporting[99]. - The company has not faced any penalties or corrective actions during the reporting period, further emphasizing its compliance with regulations[101]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring a complete and autonomous operational capability[167]. - The company has established a clear asset ownership structure, with no instances of asset occupation by controlling shareholders or guarantees provided for their debts[168]. Internal Controls and Audit - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[189]. - The company maintained effective financial reporting internal controls as of December 31, 2020[184]. - The internal control self-assessment report was disclosed on March 11, 2021[182]. - The company emphasized the importance of internal controls to prevent material misstatements in financial reporting due to fraud or error[195]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[118]. - The company has achieved stable compliance in pollutant emissions, with COD at 109.34 mg/L and BOD at 12.66 mg/L, both meeting local standards[119]. - The company has invested in environmental protection measures, enhancing wastewater monitoring and treatment efficiency[120]. Shareholder Information - The company did not issue any new shares or conduct any share buybacks during the reporting period[128]. - The total number of shares before the change was 245,849,768, which remains unchanged after the adjustment, maintaining 100% of the total shares[126]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[129]. Management Changes - The company experienced significant management changes, with multiple board members and executives resigning due to work adjustments, including the chairman and general manager[146]. - The current chairman, Qin Kejing, has a strong engineering background and has been with the company since November 16, 2020[147]. - The new general manager, Shao Guangjie, has extensive experience in financial management and has been appointed as of November 16, 2020[149].