SCIYON(SZ:002380)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was ¥844,534,982.39, representing a 12.58% increase compared to ¥750,142,788.39 in 2019[18] - The net profit attributable to shareholders for 2020 was ¥129,834,127.29, a 2.06% increase from ¥127,219,158.50 in 2019[18] - The net cash flow from operating activities increased by 51.62% to ¥187,020,285.69 in 2020, up from ¥123,351,138.27 in 2019[18] - Basic earnings per share for 2020 were ¥0.54, a 1.89% increase from ¥0.53 in 2019[19] - Total assets at the end of 2020 were ¥3,035,997,064.58, reflecting a 10.28% increase from ¥2,752,995,453.20 at the end of 2019[19] - The net assets attributable to shareholders increased by 3.67% to ¥2,290,283,682.23 at the end of 2020, compared to ¥2,209,115,467.15 at the end of 2019[19] - The company's total operating costs for 2020 amounted to CNY 463,839,925.25, reflecting a year-on-year increase of 9.34% from CNY 424,224,671.43 in 2019[47] - The company reported a total cash inflow from operating activities of CNY 856,053,603.52, which is a 25.25% increase from CNY 683,481,337.50 in 2019[58] Revenue Breakdown - The industrial automation and information sector accounted for 95.68% of total revenue, generating CNY 808.09 million, a year-on-year increase of 9.45%[41] - The smart energy segment saw a remarkable growth of 252.53%, contributing CNY 34.82 million to the total revenue[41] - The company’s revenue from the East China region was CNY 473.90 million, representing 56.11% of total revenue, with a growth of 17.37%[41] Research and Development - R&D expenses totaled ¥89.85 million, accounting for 10.64% of operating revenue, with 26 new patents granted during the year[32] - The company has a total of 166 valid patents, reflecting its commitment to innovation and technology advancement in the industrial automation sector[32] - The number of R&D personnel increased by 9.44% to 313 in 2020, while the proportion of R&D personnel to total staff decreased to 20.10%[56] - The company plans to continue increasing R&D investment in industrial internet, core industrial software, and smart energy sectors to address key technological gaps in the industry[56] Investment and Projects - The company has committed a total investment of CNY 93,614 million for various projects, with a cumulative actual investment of CNY 68,869 million, achieving 73.6% of the planned investment[74] - The project based on cloud virtual factory for intelligent manufacturing has a total investment of CNY 25,963 million, with an actual investment of CNY 10,460 million, achieving 100% of the planned investment[74] - The energy internet smart application project in Peixian has a total investment of CNY 39,723 million, with an actual investment of CNY 25,436.5 million, achieving 64.03% of the planned investment[74] Shareholder Information - The company plans to distribute a cash dividend of ¥3 per 10 shares to all shareholders[5] - The company's net profit for 2020 was 119,419,408.77 CNY, with a statutory surplus reserve of 11,941,940.88 CNY deducted, resulting in a distributable profit of 578,099,360.49 CNY[96] - The total number of shares outstanding is 239,991,649, with 41.03% being restricted shares[134] Management and Governance - The company has a diverse management team with significant achievements in technology and entrepreneurship, enhancing its market position[154][155] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[171] - The company has maintained a continuous relationship with its auditing firm for 17 years, ensuring consistent oversight of its financial practices[109] Risks and Challenges - The company acknowledges risks related to macroeconomic conditions and policies that could impact sales and revenue growth, and it aims to create new profit growth points[85] - The company faces market competition risks from foreign brands with strong technological advantages, but it maintains a competitive position through high cost-performance products[86] Corporate Social Responsibility - The company donated a total of 800,000 CNY to hospitals in Wuhan and Huanggang in response to the COVID-19 pandemic[127] Financial Reporting and Compliance - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2020[194] - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[107] - The company is committed to maintaining effective internal controls to prevent significant misstatements in financial reporting[199]