勤上股份(002638) - 2020 Q4 - 年度财报

Financial Performance - The company has reported consecutive net losses for the years 2018 and 2019, leading to a delisting risk warning implemented on July 1, 2020[8]. - The company will not distribute cash dividends, issue bonus shares, or increase capital using reserves for the year[10]. - The company's operating revenue for 2020 was ¥995,447,143.89, a decrease of 20.53% compared to ¥1,252,625,209.10 in 2019[22]. - The net profit attributable to shareholders in 2020 was ¥45,187,901.93, representing a significant increase of 112.12% from a loss of ¥372,813,047.59 in 2019[22]. - The net cash flow from operating activities improved by 70.52%, reaching -¥63,819,357.48 in 2020 compared to -¥216,505,378.87 in 2019[22]. - The basic earnings per share for 2020 was ¥0.03, a turnaround from a loss of ¥0.24 per share in 2019, marking a 112.40% improvement[22]. - The total assets at the end of 2020 were ¥4,430,149,710.12, a slight decrease of 0.81% from ¥4,466,240,317.62 at the end of 2019[22]. - The company reported a net profit attributable to shareholders of ¥64,861,654.97 in Q4 2020, a significant recovery from losses in previous quarters[26]. - The company reported a total of ¥161,547,249.17 in non-recurring gains for 2020, compared to a loss of ¥170,283,128.06 in 2019[27]. - The company achieved operating revenue of 995.45 million yuan, a decrease of 20.53% compared to the same period last year[40]. - Operating profit increased by 135.20% to 52.72 million yuan, while total profit rose by 114.84% to 52.94 million yuan[40]. - The company reported a net profit of ¥45,187,901.93, despite a negative cash flow from operating activities, resulting in a discrepancy of ¥109,007,259.41[67]. Business Strategy and Market Expansion - The company has expanded its business scope to include energy-saving services and LED products over the years, reflecting a diversification strategy[20]. - The company is expanding its market presence in emerging markets such as Southeast Asia, Africa, and South America through various sales models[30]. - The company is focusing on smart city construction, integrating multiple technologies into its outdoor smart city management system[31]. - The company plans to focus on smart lighting, increasing R&D investment to enhance its market presence in smart city solutions[43]. - The company has transitioned its education business to an online model, mitigating the impact of COVID-19 on its operations[44]. - The company aims to integrate online and offline education services, enhancing its offerings and market competitiveness[46]. - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region within the next two years[197]. - A strategic acquisition of a local competitor is in the pipeline, which is anticipated to enhance the company's market position and increase overall revenue by 15%[197]. Research and Development - The company has 175 valid authorized patents, including 58 invention patents, reflecting its strong R&D capabilities[36]. - Research and development expenses increased by 51.20% year-on-year to ¥44,326,973.39, accounting for 4.45% of operating revenue[64]. - The capitalized amount of R&D expenses rose by 152.01% to ¥32,445,665.82, representing 73.20% of total R&D expenses[65]. - The company has allocated 100 million RMB for research and development in the upcoming year to drive innovation and improve product offerings[197]. Legal and Compliance Issues - The company has ongoing litigation regarding performance compensation agreements with several parties, including Huaxia Life Insurance and Beijing Longwu Jiuxiao Equity Investment Center[113]. - The company is actively pursuing negotiations and litigation to enforce performance compensation agreements that have not been fulfilled[113]. - The company is currently in the process of appealing a ruling from the Anhui Provincial High People's Court regarding its financial liabilities[132]. - The company has faced a total of 36.53 million yuan in claims related to a separate lawsuit involving Huaxia Life Insurance Co., Ltd.[133]. - The company has successfully defended against a claim of 2.32 million yuan from Shanghai Pudong Development Bank, which was dismissed by the court[133]. - The company has reported a forced deduction of 11.2832 million yuan from its accounts as part of the ongoing legal disputes[131]. - The company has not reported any penalties or rectifications during the reporting period, suggesting compliance with regulatory standards[137]. - The company received a warning from the Guangdong Securities Regulatory Bureau due to discrepancies between performance forecasts and annual reports, leading to a public reprimand[166]. Shareholder and Equity Information - The company has not distributed dividends in the past three years, including a planned non-distribution for 2020[99]. - The company reported a net profit of 45.19 million yuan in 2020, with no cash dividends proposed despite positive distributable profits[100]. - Shareholder Yang Yong holds 5.4% of the company's shares, which are all judicially frozen, and there is a possibility he may not fully meet performance commitments, potentially impacting the company's interests[162]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the reporting period[93]. - The company has not reported any changes in the number of shareholders or the structure of assets and liabilities during the reporting period[175]. - The company has not implemented any share repurchase or reduction during the reporting period[173]. Operational Performance - The company reported a gross margin of 35%, which is an improvement from the previous year's 30%[197]. - The management team emphasized the importance of sustainability, aiming for a 50% reduction in carbon emissions by 2025 through new technologies[197]. - The company has seen a turnover in its board members, with Chairman Chen Yonghong and independent director Ju Xinhua leaving due to term completion[191]. - The company is focusing on maintaining stability in its management team with no new appointments reported during the period[192]. - The company has not reported any significant changes in its operational strategy or market expansion plans in the latest report[192].