水晶光电(002273) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥3,223,426,440.04, an increase of 7.45% compared to ¥2,999,838,167.85 in 2019[12]. - The net profit attributable to shareholders for 2020 was ¥443,379,840.05, a decrease of 9.72% from ¥491,126,928.63 in 2019[12]. - The net profit after deducting non-recurring gains and losses was ¥354,596,001.62, showing a slight increase of 0.93% from ¥351,312,805.69 in 2019[12]. - The company's total assets at the end of 2020 reached ¥7,512,658,833.37, representing a growth of 17.54% from ¥6,391,374,595.69 at the end of 2019[12]. - The net assets attributable to shareholders increased by 22.37% to ¥5,627,088,189.56 from ¥4,598,368,539.26 in 2019[12]. - The company reported a basic earnings per share of ¥0.37, down 15.91% from ¥0.44 in 2019[12]. - The company generated a net cash flow from operating activities of ¥543,240,356.36, a decrease of 5.86% from ¥577,075,226.68 in 2019[12]. - The company achieved a total revenue of 3.223 billion yuan in the reporting period, representing a year-on-year growth of 7.45%, aligning with the initial target of 0% to 30% growth for 2020[92]. Business Segments and Products - The company has five major business segments: optical components, optical film panels, biometric recognition, new displays (AR+), and reflective materials, focusing on innovation and structural transformation[17]. - The company aims to provide world-class optical solutions for leading clients in the smartphone, smart security, smart home, and smart automotive sectors[17]. - The optical components business generated revenue of approximately 2.08 billion yuan, accounting for 64.65% of total revenue, with a year-on-year growth of 3.92%[38]. - The biological recognition segment saw a revenue decline of 8.21%, totaling approximately 435 million yuan, due to the impact of the pandemic on consumer electronics[38]. - The company has developed new products such as high-refractive index wafers for AR/MR glasses and automotive heads-up display technology, indicating a push into new display technologies[19]. - The company reported a significant focus on optical components, including infrared cutoff filters and optical low-pass filters, which are essential for mobile phones and cameras[18]. Research and Development - The company has established a complete technology innovation system with R&D expenses accounting for approximately 6.48% of operating income[27]. - The company's R&D investment reached 209 million yuan, an increase of 31.81% year-on-year, representing 6.48% of total sales revenue[39]. - The company is investing in R&D for new technologies, including 3D components and optical modules for smart glasses, to expand its product offerings[19]. - Research and development investments increased by 30%, totaling 150 million RMB, to support new technology initiatives[187]. Market Expansion and Strategy - The company is actively expanding its global sales network, focusing on the Chinese, Asia-Pacific, and North American markets[32]. - The company is focusing on AR technology and has established partnerships in the Middle East, Europe, North America, and the Asia-Pacific region to enhance its AR product offerings[79]. - The company aims to optimize its product structure and expand its optical industry footprint by leveraging its core technologies in precision optical processing and semiconductor optics[80]. - The company plans to enhance its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[195]. Shareholder and Dividend Information - The company proposed a cash dividend of RMB 2 per 10 shares for 2020, totaling RMB 242,014,785.4, which is 54.58% of the net profit attributable to ordinary shareholders[100]. - The total distributable profit for 2020 was RMB 1,402,990,261.3, with the cash dividend accounting for 100% of the profit distribution[101]. - The company has maintained a consistent cash dividend policy, distributing no less than 10% of the distributable profit as cash dividends[100]. - The cash dividends for the past three years were RMB 86,255,208.6 in 2018, RMB 121,007,392.7 in 2019, and RMB 242,014,785.4 in 2020, showing a significant increase in cash dividends[99]. Corporate Governance and Compliance - The company emphasizes the importance of maintaining its leading position in the optical components market while expanding into new markets such as AR and automotive electronics[85]. - The company has a strong commitment to corporate governance, as evidenced by the composition of its board and management team[181]. - The company has not faced any penalties or rectification issues during the reporting period[108]. - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[105]. Environmental Responsibility - The company has achieved a 100% compliance rate for environmental impact assessments for its construction projects[141]. - The company has maintained a strong commitment to environmental protection, adhering to national laws and regulations[141]. - The company reported no exceedances in wastewater discharge limits for various pollutants, including ammonia nitrogen and total phosphorus[144]. - The company has implemented an online monitoring system for pollution sources, which is functioning normally[146]. Employee Development and Corporate Culture - The company has implemented various employee development programs, including the "Crystal Talent Program" and "Crystal Leadership Program" to enhance employee skills[141]. - The total number of employees receiving compensation during the period was 6,134[197]. - The company has accumulated a total of 325,958.8 training hours with 42,702 participants in various training programs[200]. - The performance-based salary system includes a structure of base salary, performance salary, and efficiency rewards linked to net profit growth[196].