NAURA(SZ:002371)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was ¥6,056,043,031.20, representing a 49.23% increase compared to ¥4,058,312,881.70 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥536,930,435.37, a 73.75% increase from ¥309,032,271.04 in 2019[16] - The net cash flow from operating activities reached ¥1,385,139,594.68, a significant improvement of 247.12% compared to a negative cash flow of ¥941,473,333.97 in 2019[16] - The basic earnings per share for 2020 was ¥1.0935, up 63.01% from ¥0.6708 in 2019[16] - The company achieved a weighted average return on equity of 8.51% in 2020, slightly up from 8.01% in 2019[16] - The company reported a quarterly revenue of ¥2,220,464,136.67 in Q4 2020, the highest among the four quarters[20] - The net profit attributable to shareholders in Q4 2020 was ¥210,345,525.56, marking a strong performance in the last quarter[20] - The company reported a total of 5,141 patent applications and 2,894 authorized patents by the end of 2020, indicating a strong focus on innovation[58] - The company achieved a total revenue of 6.06 billion yuan in 2020, representing a year-on-year growth of 49.23%[36] - Net profit attributable to shareholders reached 537 million yuan, an increase of 73.75% compared to the previous year[36] Assets and Investments - Total assets at the end of 2020 amounted to ¥17,518,033,652.78, reflecting a 27.55% increase from ¥13,734,762,794.66 at the end of 2019[17] - The company's net assets attributable to shareholders increased by 15.80% to ¥6,780,875,585.98 from ¥5,855,895,563.18 in 2019[17] - The company's development expenditure reached 2,027,580,685.15 CNY by the end of 2020, reflecting a 37.38% increase from the beginning of the year[29] - The company's equity investments increased by 70% to 34,000,000.00 CNY as of December 31, 2020, due to new external investments[29] - The total amount of government subsidies recognized in 2020 was 400,252,059.11 CNY, up 49.6% from 2019[23] Revenue Segmentation - The electronic process equipment segment generated 4.87 billion yuan in revenue, accounting for 80.40% of total revenue, with a year-on-year growth of 52.58%[44] - The electronic components segment reported revenue of 1.16 billion yuan, representing 19.24% of total revenue, with a year-on-year increase of 37.46%[44] - The Northeast and North China regions saw a revenue increase of 130.47%, reaching approximately 1.78 billion yuan[44] Cash Flow and Financial Management - The total operating costs amounted to CNY 3,834,262,926.92, representing a year-on-year increase of 58.88% compared to CNY 2,413,280,785.85 in 2019[51] - The company's financial expenses showed a significant decrease of 143.62%, resulting in a net financial income of CNY -43,269,154.89 in 2020, compared to CNY 99,201,664.88 in 2019[56] - The investment activities generated a net cash outflow of CNY 672,875,639.73 in 2020, compared to a smaller outflow of CNY 190,268,499.64 in 2019, reflecting increased investment activities[60] - The company reported a total cash and cash equivalents decreased by CNY 244,071,233.24 in 2020, marking a decline of 113.42% compared to an increase of CNY 1,818,230,608.20 in 2019[60] Dividend Policy - The company plans to distribute a cash dividend of ¥1.09 per 10 shares, totaling approximately ¥54,000,000 based on the total share capital of 496,439,791 shares[4] - The company reported a cash dividend of 0.52 RMB per 10 shares for the 2018 fiscal year, totaling 23,816,227.35 RMB distributed to shareholders[97] - The company’s profit distribution policy mandates a minimum of 10% of the distributable profit to be allocated for cash dividends, provided certain conditions are met[93] - The company has consistently maintained a cash dividend payout ratio around 10% over the past three years[100] Strategic Initiatives and Future Outlook - The semiconductor industry is expected to continue its growth trend in 2021, driven by increasing demand from artificial intelligence, 5G, automotive electronics, and other sectors[83] - The company plans to enhance technological innovation and market expansion, focusing on high-end customized equipment and precision electronic components[84] - The company aims to complete the construction of the integrated circuit equipment innovation center and accelerate the production ramp-up of the high-precision electronic components industrialization base[84] - The company is focusing on the development of solid-state battery equipment to capitalize on the energy storage and power battery market[84] - The management team emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[199] Corporate Governance and Compliance - The company has established a compliance management system to enhance operational risk resistance[40] - The company has a commitment to timely information disclosure and adherence to market rules regarding related party transactions[104] - The company has established a clear framework for managing potential conflicts of interest with its major shareholders[106] - The company’s audit firm confirmed the accuracy and completeness of the issuance report and listing announcement, taking legal responsibility for any misstatements[107] Research and Development - The company's research and development investment reached CNY 1,608,222,467.74 in 2020, a 41.39% increase from CNY 1,137,440,067.56 in 2019, accounting for 26.56% of operating revenue[58] - The company has allocated 200 million yuan for research and development in the upcoming year, focusing on advanced semiconductor technologies[199] Social Responsibility - In 2020, the company invested 2,954,451.22 RMB in targeted poverty alleviation, benefiting over 15,000 people[146] - The company directly purchased agricultural products worth 2,325,178.22 RMB from impoverished areas, benefiting over 5,000 people[146] - The company donated 88,215.22 RMB to support the establishment of libraries in impoverished areas, benefiting nearly 10,000 students[146]