BOAMAX(SZ:002514)2021-04-29 16:00Shareholder Changes - The company reported a significant change in its controlling shareholder, with Jiangsu Jiedeng becoming the largest shareholder after acquiring 27,701,714 shares, representing 5% of the total share capital[17]. - The company’s total share capital is 554,000,000 shares, with the new controlling shareholder holding 18.24% of the voting rights[17]. - The company has not reported any changes in its main business since its listing[17]. - The company has no plans to seek control from its second-largest shareholder, Guangxun Co., Ltd., which holds 15.16% of shares[113]. - The shares acquired by Jiangsu Jiedeng will be locked for 18 months post-acquisition[112]. - The voting rights entrusted to Jiangsu Jiedeng will last for at least 18 months[113]. - The company has committed to maintaining independent financial management and decision-making processes, ensuring no interference from major shareholders[114]. - The company guarantees the independence of its operations and management from its controlling shareholders[113]. Financial Performance - The company's operating revenue for 2020 was ¥495,610,883.41, a decrease of 40.08% compared to ¥827,113,771.26 in 2019[19]. - The net profit attributable to shareholders was -¥389,098,467.07, representing a decline of 686.90% from ¥66,297,412.32 in the previous year[19]. - The net cash flow from operating activities decreased by 65.91% to ¥77,040,905.55 from ¥225,977,305.07 in 2019[19]. - The total assets at the end of 2020 were ¥1,465,648,369.58, down 17.64% from ¥1,779,538,505.81 at the end of 2019[19]. - The net assets attributable to shareholders decreased by 38.66% to ¥620,196,927.62 from ¥1,011,026,884.05 in 2019[19]. - The company reported a basic earnings per share of -¥0.7023, a decline of 686.72% from ¥0.1197 in 2019[19]. - The company's total revenue for 2020 was approximately 495.61 million yuan, representing a year-on-year decline of 40.08%[39]. - The company's net profit attributable to shareholders was -389 million yuan, a significant decrease of 686.90% compared to the previous year[39]. Revenue Breakdown - Revenue from the intelligent manufacturing segment was approximately 369.98 million yuan, accounting for 74.65% of total revenue, with a decrease of 36.39% compared to 2019[42]. - The energy-saving and environmental protection segment generated approximately 125.63 million yuan, which is 25.35% of total revenue, showing a decline of 48.82% year-on-year[42]. - The company reported a significant decline in revenue from wet chemical equipment, which fell by 80.70% year-on-year, amounting to approximately 26.40 million yuan[42]. - The company's foreign revenue was approximately 125.71 million yuan, accounting for 25.36% of total revenue, with a year-on-year decline of 50.30%[43]. - The total revenue from equipment accessories was approximately ¥321.82 million, with a year-over-year decline of 14.81%[45]. Operational Changes - The company has a production capacity across three factories in Suzhou, Xiamen, and the Philippines, covering a total area of approximately 170,000 square meters[32]. - The company has established a stable supply chain management system and has obtained multiple management system certifications, including ISO9001:2015 and IATF 16949:2016[33]. - The company plans to accelerate the construction of smart factories to enhance its intelligent manufacturing capabilities during the 14th Five-Year Plan period[33]. - The company achieved a 272.63% increase in other business revenue, which amounted to approximately 22.42 million yuan in 2020[43]. - The company’s fixed assets increased by 10.96% primarily due to the completion of the large plate peak-shaving project[29]. Research and Development - Research and development expenses increased by 1.56% to ¥54.48 million, accounting for 10.99% of total revenue, up from 6.48% the previous year[56]. - The company plans to enhance its precision CNC sheet metal business by implementing automation and digitalization to reduce costs and improve efficiency[86]. - The company will continue to strengthen its manufacturing advantages in wet chemical silicon battery equipment and increase R&D investment in cutting-edge battery technologies[87]. - The company will increase R&D investment and establish a technology research institute to support the development of new technologies and products aligned with market demands[90]. Risk Management - The company emphasizes the importance of investors reading the forward-looking statements carefully to understand potential risks[6]. - Management risks are heightened by the diverse business models and cultural backgrounds of subsidiaries, requiring enhanced management and risk control[97]. - The company plans to strengthen audit supervision and internal control management to enhance risk management capabilities[94]. - Exchange rate fluctuations pose risks to the company's operating performance, with measures in place to mitigate these effects[100]. - Raw material price volatility, particularly for key components, significantly affects procurement costs and operational profits[101]. Corporate Governance - The company maintains complete and independent ownership of all assets post-acquisition, ensuring no mixed operations or asset ambiguity[110]. - The company will maintain a sound corporate governance structure, with independent decision-making by the board and management[110]. - The company commits to avoiding any direct or indirect competition with its subsidiaries, ensuring no conflicts in business operations[111]. - The company guarantees the independence of its labor and personnel management systems, ensuring no interference from the parent company[110]. - The company has established a framework for fair and reasonable related transactions to protect the rights of minority shareholders[118]. Legal Matters - The company has initiated legal proceedings to enforce the court's judgment after Yuan Rongmin failed to fulfill his payment obligations[123]. - The company faced a lawsuit involving a claim of 28.33 million yuan related to a share transfer dispute, which was dismissed in a retrial[131]. - Another ongoing arbitration case involves a claim of 20 million yuan from a Swedish company regarding software infringement, with the case still in progress[131]. - The company reported no penalties or rectification measures during the reporting period[132]. Employee Management - The total number of employees in the company is 1,524, with 878 in the parent company and 646 in major subsidiaries[197]. - The company has a comprehensive training system for new employees and encourages continuous education, contributing to employee personal growth and well-being[152]. - The company emphasizes talent development through a structured training program, including onboarding, technical training, and management training for mid-to-senior level staff[200]. - The company has a salary management system that adjusts employee compensation based on operational performance and regional living standards[199].