普天科技(002544) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥6,295,416,205.51, representing a 1.11% increase compared to ¥6,226,206,733.60 in 2019[21] - The net profit attributable to shareholders in 2020 was ¥96,281,755.19, a significant increase of 163.09% from ¥36,596,623.17 in 2019[21] - The net profit after deducting non-recurring gains and losses was ¥48,949,949.58, up 118.24% from ¥22,429,073.53 in the previous year[21] - The net cash flow from operating activities reached ¥364,053,772.38, a remarkable increase of 1,089.82% compared to a negative cash flow of ¥30,718,155.67 in 2019[21] - Basic earnings per share for 2020 were ¥0.17, an increase of 183.33% from ¥0.06 in 2019[21] - The total assets at the end of 2020 were ¥9,096,102,349.00, reflecting an 18.33% increase from ¥7,686,788,285.78 at the end of 2019[21] - The net assets attributable to shareholders increased by 69.26% to ¥3,516,665,649.09 from ¥2,077,679,686.39 in 2019[21] - The weighted average return on equity for 2020 was 4.53%, up from 1.77% in 2019[21] Revenue Breakdown - The company reported a total operating revenue of approximately ¥6.79 million in Q1, ¥1.58 billion in Q2, ¥1.58 billion in Q3, and ¥2.45 billion in Q4 for the fiscal year[26] - The communication network system segment generated ¥2,430,391,635.58, accounting for 38.61% of total revenue, with a year-on-year growth of 3.95%[60] - The high-end equipment manufacturing segment saw revenue of ¥1,047,292,514.25, representing a 9.61% increase from the previous year[60] - Revenue from the Northeast region increased by 14.09% to ¥196,748,627.64, while revenue from the South China region decreased by 27.55% to ¥963,956,658.21[60] - The overseas revenue segment grew by 26.80% to ¥279,985,048.28, indicating successful market expansion efforts[60] Cash Flow and Investments - The company's operating cash inflow for 2020 was ¥6,957,726,408.49, representing a year-on-year increase of 4.97%[86] - The net cash flow from financing activities rose by 634.30%, amounting to ¥1,197,742,891.85, primarily due to increased funds from a private placement of shares[89] - The total investment amount for the reporting period was ¥424,164,300, a significant increase of 168.80% compared to ¥157,796,659 in the previous year[95] - The company reported a significant increase in cash flow from investment activities, with a net cash flow of -¥59,708,631.87, an improvement of 59.30% from the previous year[86] Research and Development - The company applied for 81 patents and received 122 patents in 2020, with a total of over 1,500 domestic patent applications and over 1,000 authorized patents[46] - Research and development expenses amounted to CNY 350,409,648.21, reflecting a year-on-year increase of 0.78%[81] - The number of R&D personnel increased to 1,388, a growth of 0.58% from the previous year[83] - The R&D investment capitalized amount was CNY 1,045,852.79, a decrease of 90.23% compared to the previous year[85] Market Expansion and Strategy - The company focused on expanding its market share in the PCB industry, which saw rapid growth due to the demand for high-reliability and special requirement products[36] - The company is leveraging its advantages in the urban rail transit sector, focusing on the transition from construction to operation, and expanding into automated and digitalized water and gas sectors[36] - The company aims to strengthen its position in the 5G core product market and expand its 5G supporting products, leveraging its sales network and customized R&D capabilities[116] - The company plans to enhance its market share in the water and gas sectors by integrating new generation information technology into operations[117] Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥0.71 per 10 shares to all shareholders, based on an estimated total share capital of 683,194,825 shares[4] - The net profit attributable to ordinary shareholders for 2020 was CNY 48,506,832.58, representing a 50.38% increase compared to CNY 19,037,673.17 in 2019[133] - The total cash dividend distributed was CNY 48,506,832.58, which accounted for 100% of the distributable profit of CNY 351,940,090.55[134] - The company has committed to a minimum cash dividend ratio of 20% for profit distribution during its growth phase[134] Compliance and Legal Matters - The company has not experienced any major changes in the feasibility of its projects during the reporting period[108] - The company confirmed that there are no existing competitive business operations with its subsidiaries, ensuring compliance with legal obligations and minimizing related party transactions[142] - The company has committed to handling any unresolved matters during the transaction process in accordance with Chinese laws and relevant policies[144] - The company has no major litigation or arbitration matters during the reporting period[165] Audit and Accounting - The company has engaged Da Xin Accounting Firm for audit services, with a fee of RMB 500,000, and the firm has been providing services for three consecutive years[161] - The company has made no changes to accounting policies, estimates, or methods that would affect net profit or shareholders' equity[156] - There were no major accounting errors requiring retrospective restatement during the reporting period[157] Subsidiaries and New Establishments - The company established a wholly-owned subsidiary with a registered capital of ¥2.1 billion and completed a capital increase of ¥352.54 million for another subsidiary[37] - The company established a new wholly-owned subsidiary, Guangzhou Jiesai Electronics Technology Co., Ltd., in September 2020[76] - The company reported a significant change in the consolidation scope, merging its wholly-owned subsidiary, ASEAN Navigation, into another subsidiary, effective December 2020[160]