川大智胜(002253) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 357,347,106.37, representing a 4.33% increase compared to CNY 342,509,091.74 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 67,387,716.47, a 30.17% increase from CNY 51,767,414.83 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 58,344,210.53, up 37.40% from CNY 42,461,651.75 in 2019[16] - The basic earnings per share for 2020 was CNY 0.30, an increase of 30.43% compared to CNY 0.23 in 2019[16] - The total operating revenue increased by 4.33% year-on-year, achieving a net profit attributable to shareholders of the listed company that grew by 30.17% year-on-year[24] - The net profit is projected to grow by 70%-100%, reaching between 115 million and 135 million RMB in 2021[40] Assets and Liabilities - The total assets at the end of 2020 were CNY 1,797,196,383.52, reflecting a 5.03% increase from CNY 1,711,135,104.86 at the end of 2019[16] - The net assets attributable to shareholders at the end of 2020 were CNY 1,434,400,895.43, a 2.87% increase from CNY 1,394,361,757.84 at the end of 2019[16] - The company's total liabilities increased, with accounts payable rising by 50.21% year-on-year, amounting to an increase of 4.14 million RMB, indicating increased operational financing[66] Cash Flow - The net cash flow from operating activities for 2020 was CNY 30,440,409.20, a significant decrease of 78.25% compared to CNY 139,963,435.29 in 2019[16] - The net cash flow from operating activities decreased by 78.25% year-on-year, amounting to a reduction of 109.52 million RMB, primarily due to the need for advance production and inventory for new products and delayed contract payments caused by the pandemic[60] - The net cash flow from investing activities increased by 76.00% year-on-year, with an increase of 154.26 million RMB, mainly due to the recovery of loans provided to two companies in the previous year[60] - The net cash flow from financing activities decreased by 1,970.00% year-on-year, with a reduction of 28.41 million RMB, primarily due to the repayment of 30 million RMB in bank loans[60] Revenue Sources - Revenue from traditional businesses, including civil aviation and military aviation, declined by 23.90% to 203.73 million RMB due to the pandemic[36] - Revenue from new products that are in trial production and demonstration applications increased by 74.09 million yuan, a growth of 336.17% year-on-year, compensating for the decline in traditional business revenue[24] - The company's artificial intelligence products and services saw a revenue increase of 29.52% year-on-year, contributing significantly to overall profit growth[41] - Revenue from artificial intelligence products and services increased by 42.35% year-on-year, reaching 81,705,616.88 CNY, while revenue from aviation and air traffic control products decreased by 16.83% to 110,968,426.85 CNY[45] Research and Development - The company has developed five new products, including high-precision 3D facial recognition technology, which have reached international leading levels[30] - The company’s core competitiveness has been enhanced through deep integration of industry, academia, and research, supported by the establishment of the Sichuan University Intelligent Systems Research Institute[27] - The company's R&D investment amounted to 96,781,142.28 CNY, representing 27.08% of total revenue, an increase from 23.49% in 2019[58] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares, based on a total of 225,626,095 shares[5] - The cash dividend payout ratio for 2020 was 40.18%, reflecting the company's commitment to shareholder returns[96] - The company plans to distribute a cash dividend of 1.20 CNY per 10 shares, totaling 27,075,131.40 CNY, which represents 100% of the distributable profit of 290,515,895.57 CNY[97] Governance and Compliance - The company maintained a complete internal control system and ensured fair treatment of all shareholders, with 34,889 common stock shareholders at the end of the reporting period[135] - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations[183] - The company has established four specialized committees to enhance decision-making processes within the board[183] - The company has not faced any penalties from the China Securities Regulatory Commission or other authorities[149] Employee and Management - The total number of employees in the company is 646, with 450 being technical personnel[164] - The company has established a performance evaluation mechanism for senior management based on annual operational goals[161] - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounts to 789.77 million yuan[163] - The company conducted various training programs, including management training and technical training, to improve employee skills and knowledge[169][170][172] Future Outlook - The company expects total revenue from these three new products to rise from 96.13 million yuan in 2020 to between 250 million and 300 million yuan in 2021, indicating a growth rate of approximately 150%-200%[85] - The company expects the military air traffic control business to restart in 2021, which is anticipated to contribute more to performance than the civil aviation control business during the "14th Five-Year Plan" period[82]