SCIYON(002380)2021-05-19 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 net profit after deducting non-recurring gains and losses for 2020 was ¥95,931,861.17, a marginal increase of 0.42% from ¥95,527,682.22 in 2019[18] Revenue Breakdown - In Q1 2020, the company's operating revenue was approximately CNY 128.06 million, which increased to CNY 245.59 million in Q2, followed by CNY 232.94 million in Q3, and CNY 237.94 million in Q4[23] - The industrial automation and information sector generated CNY 808.09 million, accounting for 95.68% of total revenue, with a year-on-year growth of 9.45%[41] - The smart energy segment saw a remarkable increase 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] - The industrial internet revenue was CNY 253.63 million, which accounted for 30.03% of total revenue, with a growth of 4.97%[41] Investment and R&D - R&D expenses totaled CNY 89.85 million, accounting for 10.64% of operating revenue in 2020, with 26 new patents granted during the year[32] - The company has accumulated a total of 182 authorized patents and 277 software copyrights, reflecting its commitment to innovation and technology advancement[31] - The total investment cash outflow increased significantly by 141.48% to CNY 588,776,286.27, compared to CNY 243,817,893.03 in the previous year[58] - The company plans to invest remaining funds from previous fundraising into new projects related to smart manufacturing and energy internet applications, as approved in the 2020 shareholder meeting[71] Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥3 per 10 shares to all shareholders[5] - For the fiscal year 2020, the company reported a net profit of 119,419,408.77 yuan, with 10% allocated to statutory surplus reserves, resulting in a distributable profit of 578,099,360.49 yuan[95] - The cash dividend distributed in 2020 represents 100% of the total profit distribution amount[94] Market Strategy and Expansion - The company is focused on expanding its industrial internet platform, which includes applications in smart sanitation and energy internet sectors[29] - The company is actively pursuing the 3i industry strategy, focusing on the Internet of Industry, City, and Energy[36] - The company aims to leverage its strong marketing team and established channels to enhance market expansion and customer engagement[32] - The company is committed to developing autonomous control systems and PLC products, aiming to construct three major platforms: control systems, information management systems, and industrial internet solutions[83] Corporate Governance and Management - The company emphasizes the importance of human resource development and plans to enhance employee training and compensation, particularly for sales personnel in remote areas[3] - The company has implemented significant changes in accounting policies, specifically the new revenue recognition standards, which introduced a five-step model for revenue measurement[100] - The company has a diverse management team with various roles in different subsidiaries[159] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[170] Risk Management - The company acknowledges potential risks from macroeconomic conditions and market competition, and it aims to strengthen its internal capabilities to create new profit growth points[3][5] - The company has not reported any significant litigation or arbitration matters during the reporting period[110] - The company has not faced any penalties or rectification issues during the reporting period[111] Employee Engagement and Compensation - The total number of employees in the company is 1,542, with 1,001 in the parent company and 541 in major subsidiaries[165] - The company's compensation policy ensures that average employee income is above the industry average in the region[167] - The total pre-tax remuneration for the chairman Liu Guoyao is 806,600 RMB[163] - The total pre-tax remuneration for the general manager Hu Shemei is 807,500 RMB[163] Internal Controls and Audit - The audit committee conducted a rigorous review of the company's financial information in the annual report[183] - The supervisory board found no risks during its oversight activities in the reporting period[184] - The company has implemented various internal control measures to ensure the accuracy of financial reporting and compliance with accounting standards[197] - The management's assessment of internal controls indicated no major deficiencies, ensuring effective operational oversight[188]