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胜利精密(002426) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥9,595,213,663.82, a decrease of 29.70% compared to ¥13,649,644,463.42 in 2019[17] - The net profit attributable to shareholders in 2020 was ¥387,162,149.35, representing a significant increase of 112.61% from a loss of ¥3,069,709,134.56 in 2019[17] - The net profit after deducting non-recurring gains and losses was ¥72,667,538.87, up 102.27% from a loss of ¥3,201,701,852.83 in the previous year[17] - The basic earnings per share for 2020 was ¥0.1146, compared to a loss of ¥0.8920 in 2019, marking an increase of 112.85%[17] - The total assets at the end of 2020 were ¥11,188,346,403.06, down 18.32% from ¥13,698,285,209.61 at the end of 2019[17] - The net assets attributable to shareholders increased by 9.38% to ¥4,558,009,790.00 at the end of 2020, compared to ¥4,167,181,594.85 at the end of 2019[17] - The net cash flow from operating activities was ¥478,717,458.29, a decrease of 26.48% from ¥651,098,135.49 in 2019[17] - The weighted average return on equity improved to 8.87% in 2020 from -53.67% in 2019, an increase of 62.54 percentage points[17] Revenue Breakdown - Revenue from the mobile terminal segment was CNY 8,311,205,986.21, accounting for 86.62% of total revenue, down 27.92% year-on-year[40] - Domestic revenue fell to CNY 5,389,888,982.63, representing 56.17% of total revenue, a significant decline of 46.97% from the previous year[40] - The gross margin for the main business improved to 14.92%, despite a 30.00% drop in revenue[42] - The smart manufacturing segment saw a gross margin increase to 50.36%, with revenue down 24.30%[42] Research and Development - The company’s R&D efforts resulted in 961 patents, including 824 utility model patents and 109 invention patents, enhancing its competitive edge in technology innovation[31] - Research and development expenses for 2020 were ¥268,796,761.45, a decrease of 45.62% compared to 2019[56] - The number of R&D personnel decreased by 1.52% to 1,817, while their proportion of total employees increased to 31.63%[56] Strategic Focus and Market Position - The company’s strategic focus remains on core businesses, optimizing its business structure, and enhancing resource allocation in intelligent manufacturing solutions[30] - The company plans to maintain a high-value product mix and expand its market share, particularly in automotive components such as in-car central control screens[88] - The company aims to enhance its smart manufacturing capabilities while optimizing resource allocation to support growth in this sector[88] Cash Flow and Financial Management - Operating cash inflow decreased by 35.02% to ¥10,973,734,893.05, while operating cash outflow decreased by 35.36% to ¥10,495,017,434.76[58] - Net cash flow from investment activities increased by 146.64% to ¥1,125,038,257.57, primarily due to cash recovered from the sale of subsidiaries[59] - The company's cash and cash equivalents increased by 379.43% to ¥483,337,318.70[59] Corporate Governance and Compliance - The company is committed to improving its governance structure and management processes to ensure efficient operations and high-quality information disclosure[88] - The company has emphasized its commitment to transparency and timely disclosure regarding the status of performance commitments and related legal actions[106] - The company’s performance compensation agreements are designed to protect minority shareholders' interests by ensuring accountability from major shareholders[106] Environmental Responsibility - The company implements strict environmental protection measures, including the use of natural gas for boilers, which minimizes waste gas emissions[155] - Wastewater from production is treated by a third-party company before being discharged, ensuring compliance with environmental standards[155] - The company has established a comprehensive internal control system based on its articles of association to safeguard stakeholder interests[150] Shareholder Structure and Changes - The total number of ordinary shareholders at the end of the reporting period was 84,980, a decrease from 85,116 at the end of the previous month[184] - The largest shareholder, Gao Yugen, holds 15.73% of the shares, totaling 541,299,400 shares, with a decrease of 80,970,800 shares during the reporting period[185] - The company’s shareholder structure has changed, with a notable decrease in the proportion of limited shares and an increase in the total number of unrestricted shares[182] Legal and Regulatory Matters - There is an ongoing litigation involving a claim of CNY 799,808,000 related to a share transfer dispute, with no significant impact expected at this stage[122] - The company has initiated legal proceedings to recover compensation amounts due from shareholders who failed to meet performance commitments, totaling RMB 17.45 million in unpaid compensation and impairment[106] Future Outlook - Future strategies include optimizing process flows and product structures to improve manufacturing efficiency and market share[87] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[99] - The company aims to leverage its R&D capabilities to collaborate with strategic customers for product innovation[87]