泰尔股份(002347) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥811,976,466.34, a decrease of 0.78% compared to ¥818,380,088.74 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥26,434,113.79, representing a 4.92% increase from ¥25,193,445.03 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥16,323,133.89, a decrease of 26.60% from ¥22,239,642.06 in 2019[18]. - The net cash flow from operating activities was ¥65,358,850.44, down 30.61% from ¥94,190,202.27 in 2019[18]. - The total assets at the end of 2020 were ¥2,061,746,743.59, a decrease of 5.86% from ¥2,190,150,153.99 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were ¥1,136,191,943.88, down 1.56% from ¥1,154,249,937.82 at the end of 2019[18]. - The basic earnings per share for 2020 were ¥0.0591, an increase of 4.97% from ¥0.0563 in 2019[18]. - The weighted average return on equity for 2020 was 2.32%, up from 2.20% in 2019[18]. Cash Flow and Investments - The net cash flow from operating activities was -114,637,272.30 in Q1, but improved to 44,758,768.44 in Q4, indicating better cash management towards the end of the year[23]. - The company’s cash flow from operating activities decreased by 30.61% year-on-year, totaling CNY 65.36 million[46]. - Total cash inflow from operating activities decreased by 14.81% to ¥959,198,306.87 from ¥1,125,985,198.20[71]. - Cash and cash equivalents net increase was -¥39,771,034.38, a decline of 196.16% compared to an increase of ¥41,358,761.27 in 2019[71]. - Investment activities cash inflow decreased by 67.29% to ¥30,070,789.97 from ¥91,926,110.45 in the previous year[71]. - The net cash flow from investment activities was ¥2,616,269.46, a drastic drop of 95.55% from ¥58,758,955.97 in 2019[71]. Revenue Breakdown - The company’s core spare parts revenue was CNY 381.51 million, accounting for 46.99% of total revenue, with a year-on-year decrease of 2.23%[47]. - The total package service revenue increased significantly by 168.65% year-on-year, reaching CNY 80.29 million[47]. - The company’s domestic market revenue was CNY 779.60 million, representing 96.01% of total revenue, with a year-on-year increase of 1.31%[47]. Research and Development - The company has applied for 82 patents in 2020, including 18 invention patents, and has been granted 52 patents, enhancing its technological capabilities[30]. - The company’s R&D investment for the year was CNY 45.29 million, a decrease of 0.42% compared to the previous year[46]. - R&D personnel increased to 226, a growth of 7.62% from 210 in 2019[69]. - R&D expenditure amounted to ¥45,286,178.17, a slight decrease of 0.42% compared to ¥45,478,135.24 in 2019[69]. Strategic Initiatives - The company has established strategic partnerships with major clients such as China First Heavy Industries and Baosteel, indicating strong market relationships[33]. - The company has focused on green and intelligent manufacturing, aligning with industry trends towards sustainability and efficiency[27]. - The company aims to enhance the lifespan of disc shears by over 50% through the application of PVD technology[60]. - A new type of sealed perforating machine joint is under development, focusing on reliable sealing to reduce maintenance workload[65]. - The company is building a smart marketing service platform to manage data comprehensively from customers, production lines, and product performance[96]. Corporate Governance - The company has not experienced any major accounting errors requiring retrospective restatement during the reporting period[118]. - The current auditor, Tianjian Accounting Firm, has been engaged for 10 consecutive years, with an audit fee of 750,000 yuan for the reporting period[120]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring no interference in operations[180]. - The company has an independent financial department with its own accounting system and financial management practices, including independent bank accounts and tax obligations[186]. Shareholder Information - The total number of shares is 447,019,662, with 29.14% (130,244,677 shares) being restricted shares and 70.86% (316,774,985 shares) being unrestricted shares[148]. - The largest shareholder, Tai Zhengbiao, holds 31.40% of the shares, totaling 140,368,202 shares, with 35,092,051 shares pledged[150]. - The number of ordinary shareholders increased from 27,823 to 29,739 during the reporting period[150]. - The company did not issue any new shares or conduct any share buybacks during the reporting period[149]. Social Responsibility - The company donated CNY 1 million to the Ma'anshan Charity Federation to support pandemic relief efforts[43]. - The company has committed to donating 500,000 yuan annually to the municipal charity association for various charitable activities[140]. - The company established a poverty alleviation fund of at least 150,000 yuan per year for supporting local poverty alleviation projects[140]. - A total of 20 million yuan was allocated for major disease assistance, with 7 patients receiving help in 2020[140]. - The company rewarded 12 students who were admitted to undergraduate programs with 4,000 yuan each in 2020[140].