Anjie(SZ:002635)2021-03-26 16:00Financial Performance - The company's operating revenue for 2020 was ¥2,905,309,763.51, a decrease of 7.36% compared to ¥3,136,135,980.79 in 2019[6]. - The net profit attributable to shareholders was ¥468,491,881.28, representing a significant increase of 172.07% from a loss of ¥650,033,035.76 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥66,703,559.03, up 103.36% from a loss of ¥1,986,170,819.30 in 2019[6]. - The company's total assets increased by 5.72% to ¥7,327,018,193.54 at the end of 2020, compared to ¥6,930,388,247.25 at the end of 2019[6]. - The basic earnings per share for 2020 was ¥0.71, a recovery from a loss of ¥0.92 in 2019, marking a 177.17% improvement[6]. - The company reported a net cash flow from operating activities of ¥594,417,534.28, down 40.47% from ¥998,455,508.34 in 2019[6]. - The weighted average return on equity was 7.21%, a significant recovery from -10.41% in 2019[6]. - The company achieved a total revenue of ¥2,905,309,763.51 in 2020, a decrease of 7.36% compared to the previous year[59]. - Net profit attributable to shareholders increased by 172.07% to ¥468,491,881.28, with basic earnings per share rising by 177.17% to ¥0.71[59]. Investment and Expansion - The company plans to enhance its information storage hard drive components business, capitalizing on the growing demand driven by cloud computing and storage[44]. - The company is expanding production lines for electric vehicles in response to increasing customer demand, indicating significant growth potential in the new energy vehicle sector[43]. - The company reported an increase in cash and cash equivalents by ¥932,587,667.29, primarily due to operational cash inflows and funds raised from a private placement[49]. - The company's investment in construction projects increased by ¥376,674,256.88, reflecting ongoing expansion efforts in facilities and equipment[49]. - The company completed a non-public offering, raising a total of ¥1,013,799,890.22, with shares issued to 19 investors[59]. - The company plans to acquire BIGL Industrial and BIGL ASIA for a transaction price of $50 million, focusing on drive arms and related components[59]. - The company has invested $2 million in its wholly-owned subsidiary in the U.S., increasing its registered capital to $4 million[60]. - The company has invested a total of ¥23,917.96 million in the smart mobile terminal project, with an actual investment of ¥11,040.87 million, achieving a progress rate of 46.16%[118]. Product Development and R&D - The company is expanding its product offerings in the consumer electronics sector, including wireless charging modules and 3D thermal composite back covers for 5G smartphones[41]. - The company has a strong focus on R&D, with multiple patents and a dedicated team to support innovation and meet customer needs[53]. - The company is actively developing components that meet the new requirements of 5G smartphones, including heat management and electromagnetic interference shielding materials[130]. - The company has established good cooperation with well-known domestic and international smartphone manufacturers to meet the new requirements of 5G devices[130]. - Research and development expenses increased by 5.80% year-on-year, amounting to ¥227,123,318.38 in 2020[81]. - The number of R&D personnel rose by 19.43% to 928, representing 14.22% of the total workforce[83]. Risk Management and Compliance - The company emphasizes that forward-looking statements regarding development strategies and operational plans are subject to market conditions and other uncertainties, highlighting the importance of investor risk awareness[8]. - The company faces risks from intensified market competition and plans to optimize product structure, improve quality, and enhance production efficiency to maintain competitiveness[141]. - The company is expanding its management capabilities to address risks associated with its growing number of subsidiaries, including overseas operations[142]. - The company is implementing measures to mitigate foreign exchange risks, including increasing domestic customer acquisition and continuing foreign exchange hedging activities[144]. - The company has not experienced any major changes in the feasibility of its revised projects[125]. - The company has not encountered any issues or other circumstances regarding the use and disclosure of raised funds[125]. Shareholder Returns and Dividends - The profit distribution plan approved by the board is to distribute a cash dividend of 2 RMB (including tax) for every 10 shares, with no bonus shares issued[8]. - The company plans to distribute cash dividends of RMB 2 per 10 shares for the 2020 fiscal year, totaling RMB 140,277,127.60, which represents 29.94% of the net profit attributable to ordinary shareholders[150]. - The company has a comprehensive cash dividend policy in place, ensuring clarity and compliance with regulations for shareholder returns[149]. - The company has committed to distributing cash dividends to all shareholders to share operational results, with a minimum cash dividend ratio of 20% during profit distribution[153]. - The company has not distributed cash dividends for the 2019 fiscal year, reflecting a strategic decision based on its financial performance[150]. Corporate Governance and Structure - The company’s registered address is located at No. 8, Fuyin Road, Guangfu Town, Wuzhong District, Suzhou, with a postal code of 215159[21]. - The company’s stock is listed on the Shenzhen Stock Exchange under the stock code 002635[21]. - The company’s legal representative is Lü Li, and the contact for investor relations is Ma Yuyan[22]. - The company has not experienced any changes in its controlling shareholder since its listing[26]. - The company has established a talent development plan focusing on attracting top industry talent and enhancing existing employee training to meet future strategic needs[141]. - The company has made significant capital expenditures, making it difficult to distinguish its development stage[153]. Legal and Regulatory Matters - The company is currently involved in litigation regarding performance compensation obligations that have not been fulfilled by certain individuals[156]. - The company is involved in two significant lawsuits, with amounts of 62.76 million yuan and 26.36 million yuan, respectively, with no expected liabilities formed[171]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[163]. - The company has not experienced any major accounting errors that require retrospective restatement during the reporting period[165].