真视通(002771) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥661,899,573.99, a decrease of 11.18% compared to ¥745,179,638.16 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥20,434,960.04, down 40.48% from ¥34,334,071.62 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥12,631,014.20, a decline of 57.41% from ¥29,655,245.64 in 2019[6]. - The basic earnings per share for 2020 was ¥0.10, a decrease of 33.33% compared to ¥0.15 in 2019[6]. - The total revenue for 2020 was 1,000,000,000.00 CNY, with a year-on-year increase of 10.06% in the South China region[45]. - The net profit attributable to shareholders for Q4 2020 was 10,607,560.70 CNY, compared to 18,292,610.64 CNY in Q4 2019, indicating a decline[47]. - The company reported a net profit margin of 12% for 2020, up from 10% in the previous year[186]. Cash Flow and Dividends - The company reported a cash dividend of 0.2 RMB per 10 shares (including tax) for the 2020 profit distribution plan[5]. - The cash dividend total (including other methods) for 2020 was 4,195,282 yuan, which accounted for 100% of the profit distribution total[96]. - The company aims for a minimum cash dividend ratio of 80% for mature stages without major capital expenditures, and 40% if there are significant expenditures[88]. - The company has a minimum cash dividend ratio of 20% during profit distribution[98]. - The profit distribution policy remains unchanged, focusing on providing reasonable returns to investors, with cash dividends prioritized[87]. Assets and Liabilities - Total assets at the end of 2020 were ¥1,146,613,927.88, a decrease of 3.40% from ¥1,186,990,635.14 at the end of 2019[6]. - The net assets attributable to shareholders increased by 2.84% to ¥703,202,951.02 at the end of 2020 from ¥683,812,365.38 at the end of 2019[6]. - Cash and cash equivalents increased to ¥246,447,334.15, representing 21.49% of total assets, up from 19.16% at the beginning of the year[69]. - Accounts receivable decreased to ¥436,402,016.99, accounting for 38.06% of total assets, down from 39.56%[69]. - Inventory slightly increased to ¥243,007,926.78, making up 21.19% of total assets, compared to 20.62% previously[69]. Shareholder Structure and Governance - The company has a total of 20,275 shareholders at the end of the reporting period, an increase from 19,274 at the previous month-end[163]. - The largest shareholder, Wang Guohong, holds 14.60% of the shares, totaling 30,626,396, with 7,656,599 shares released from restriction[163]. - The controlling shareholder, Suzhou Longyue Holdings, was established on August 16, 2019, and is primarily engaged in industrial investment[165]. - The company has established a governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[136]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[195]. Research and Development - The company's R&D expenses for 2020 were 45,280,419.36 CNY, a decrease of 5.92% from 2019[55]. - The company has accumulated 7 patents and 105 software copyrights by the end of 2020, reflecting its commitment to technology and innovation[32]. - The number of R&D personnel decreased by 13.87% from 137 in 2019 to 118 in 2020, while the proportion of R&D personnel increased from 26.65% to 27.96%[61]. - The company plans to enhance R&D investment, focusing on cloud video and industrial internet solutions, aiming for a leading position in the information technology sector over the next three to five years[81]. Market Position and Strategy - The company is positioned as a leading provider of multimedia video solutions and services in China, with a focus on high-quality service and industry reputation[31]. - The company is focusing on the development of cloud video systems and data center services as key business directions for future growth[28]. - The company plans to expand its market presence in the military, education, and healthcare sectors, targeting significant project implementations[82]. - The company has successfully provided multimedia video solutions to hundreds of important clients, particularly in key sectors such as energy, government, and finance, establishing a strong brand advantage[31]. Compliance and Legal Matters - The company is involved in ongoing litigation with Beijing Beichen Innovation High-Tech Development Co., Ltd., with a disputed amount of ¥3,847,062.24[117]. - The company reached a settlement with NIO Inc. regarding unpaid project fees, resolving a dispute over ¥537,290.00[118]. - The company has not faced any bankruptcy reorganization matters during the reporting period[116]. - The company has established a clear framework for managing and disclosing any related party transactions to protect shareholder interests[105]. Social Responsibility and Employee Management - The company donated 1 million yuan to the Hubei Charity Federation to support epidemic prevention efforts during the COVID-19 pandemic[146]. - The company emphasizes employee training and allocates special funds annually for this purpose, ensuring the development of management and technical talents[142]. - The company has implemented a competitive compensation and benefits system to enhance employee satisfaction and retention[141]. - The company has a structured training program focusing on management capabilities, professional skills, and new employee onboarding[191][192].