OIMT(SZ:002175)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥211,536,040.51, a decrease of 8.39% compared to ¥230,920,072.82 in 2019[17] - The net profit attributable to shareholders was -¥1,075,151,788.01, representing a decline of 802.19% from ¥153,114,926.99 in the previous year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥92,567,790.87, an improvement of 39.01% compared to -¥151,772,405.97 in 2019[17] - The basic earnings per share for 2020 was -¥1.4264, a decrease of 802.31% from ¥0.2031 in 2019[17] - The diluted earnings per share for 2020 was -1.4264 CNY, a decrease of 802.31% compared to the previous year[19] - The total assets at the end of 2020 were 614,955,108.03 CNY, representing a decrease of 7.21% from the end of 2019[19] - The net assets attributable to shareholders of the listed company were -904,426,428.31 CNY, a decline of 629.76% compared to the end of 2019[19] - The company reported a net loss attributable to shareholders of -404,171,842.46 CNY in Q4 2020[23] - Non-recurring losses for 2020 totaled -982,583,997.14 CNY, primarily due to litigation losses and other non-operational factors[26] Cash Flow and Investments - The net cash flow from operating activities was ¥39,198,519.61, a significant increase of 1,262.02% from ¥2,877,965.49 in 2019[17] - The net cash flow from operating activities increased by 1,262.02% to 39,198,519.61 CNY, despite a 5.56% decline in cash inflows[60] - The net cash flow from investment activities decreased by 332.32%, mainly due to a decrease in cash payments for fixed asset purchases compared to the previous year[61] - The net cash flow from financing activities decreased by 113.71%, primarily due to a reduction in loan repayments and interest payments compared to the previous year[61] - The net increase in cash and cash equivalents decreased by 168.05%, attributed to changes in cash flows from operating, investing, and financing activities[61] - Cash and cash equivalents at the end of 2020 amounted to ¥71,846,539.49, representing 11.68% of total assets, up from 2.43% at the beginning of the year[66] Business Strategy and Operations - The company has undergone significant changes in its business focus, shifting back to its core business of digital measuring tools and equipment[16] - The company is actively exploring comprehensive management services in industrial parks as part of its dual business model strategy[16] - The company plans to implement a dual business model focusing on "industrial park comprehensive management services" and "measurement instrument R&D, production, and sales"[39] - The company has focused on domestic market expansion in response to the pandemic, increasing investment and launching new products[29] - The company aims to expand its market presence in Southeast Asia and Russia to mitigate risks from the US-China trade war, ensuring a diversified market approach[71] - The company plans to develop customized automated measurement products for specific users, capitalizing on the growing trend towards automation and smart technology[71] - The company is set to enter the 5G and industrial internet sectors, leveraging its digital operations experience to provide services for traditional enterprises' digital transformation[71] Research and Development - The company achieved a significant technological upgrade with the high-end digital measuring instrument industrialization project, enhancing production efficiency and product quality[29] - The company maintains a leading position in the measurement industry, with ongoing investments in research and development to sustain its competitive edge[30] - The number of R&D personnel increased by 5.32% to 99, with R&D investment amounting to 6,913,006.79 CNY, representing 3.27% of operating revenue[59] - Research and development expenses decreased by 38.78% to 5,720,307.89 CNY, reflecting reduced R&D investment and changes in the consolidation scope[56] - Research and development investments have increased by 30%, focusing on innovative technologies to improve product efficiency[99] Corporate Governance and Compliance - The company reported a retained audit opinion from its accounting firm, indicating potential concerns that investors should be aware of[6] - The company has outlined potential risks and countermeasures in its annual report, emphasizing the importance of investor awareness[6] - The company has established a framework to ensure that any unavoidable business dealings with Guanglu Digital Measurement are conducted at fair market prices[92] - The company has implemented measures to prevent illegal occupation of funds and assets, ensuring compliance with legal obligations[89] - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[182] - The governance structure of the company aligns with the regulatory requirements set by the China Securities Regulatory Commission[183] Shareholder and Management Changes - The company plans not to distribute cash dividends or issue bonus shares[7] - The company plans to increase shareholding within the next 6 months, with Zhang Qun intending to invest no less than 3 million RMB and no more than 6 million RMB, while Wang Songqi plans to invest between 2 million and 4 million RMB[93] - The company has a diverse management team with backgrounds in engineering, finance, and project management, enhancing its operational capabilities[164] - The company experienced a turnover of senior management, with several resignations including Xu Zhiqiang and Liu Heqing due to personal reasons[162] - The company appointed Chen Bin as the new Deputy General Manager on December 28, 2020, and Chen Wei as the new Chief Financial Officer on March 26, 2021[162] Legal Matters and Risks - The company won a lawsuit against Huanjing Dream Factory with a disputed amount of 1.087 million yuan, and the court has enforced the judgment due to non-payment by the opposing party[105] - The company lost a lawsuit involving Rongju Tianxia Investment Management with a disputed amount of 105.3243 million yuan, resulting in the freezing of part of the company's assets[105] - The company faced a loss in arbitration against Guotou Taikang Trust with a disputed amount of 5.119 million yuan, leading to the termination of enforcement due to lack of executable assets[105] - The company has a pending labor arbitration case involving a disputed amount of 116.76 million yuan, which has been mediated but remains unresolved[107] - The company was fined 300,000 RMB for failing to disclose significant litigation matters in accordance with the Securities Law[108] Market and Sales Performance - The revenue from the measurement instrument manufacturing industry was CNY 211,350,594.48, accounting for 99.91% of total revenue, with a year-on-year decrease of 3.54%[42] - Domestic sales accounted for 85.76% of total revenue, while international sales accounted for 14.24%, with a year-on-year decrease of 9.24% and 2.91% respectively[43] - The gross profit margin for the measurement instrument manufacturing industry was 32.73%, with a year-on-year increase of 2.44%[45] - The company's physical sales revenue decreased by 3.13% to 1,771,657 units in 2020, while production volume dropped by 26.81% to 1,561,750 units[46] Employee and Social Responsibility - The total number of employees in the company is 801, with 784 from major subsidiaries and 17 from the parent company[174] - The company has established a comprehensive salary management system and incentive mechanism in accordance with national labor laws[176] - The company actively fulfills its corporate social responsibilities, ensuring shareholder rights and employee welfare[128]