ST恒久(002808) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 486,773,481.46, representing a 53.86% increase compared to CNY 316,379,060.65 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 25,417,250.71, up 21.45% from CNY 20,928,978.84 in the previous year[16] - The net profit after deducting non-recurring gains and losses decreased by 10.08% to CNY 16,242,377.89 from CNY 18,062,151.44 in 2019[16] - The net cash flow from operating activities was CNY 32,805,529.12, down 38.54% from CNY 53,380,736.06 in 2019[16] - Basic earnings per share increased by 21.79% to CNY 0.095 from CNY 0.078 in the previous year[16] - Total assets at the end of 2020 were CNY 788,796,690.82, a decrease of 6.72% from CNY 845,630,083.57 at the end of 2019[16] - The weighted average return on net assets for 2020 was 4.33%, an increase of 0.68% from 3.65% in 2019[16] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares based on a total of 268,800,000 shares[5] - The cash dividend represents 21.15% of the net profit attributable to ordinary shareholders, which was RMB 25,417,250.71 for the year 2020[144] - The company distributed cash dividends of RMB 0.2 per share, totaling RMB 5.376 million for the 2019 fiscal year, with no stock dividends or capital reserve transfers[139] - The cash dividend payout ratio for 2019 was 25.69%, while it decreased to 21.15% in 2020[144] - The total distributable profit available to shareholders at the end of 2020 was RMB 167,217,909.76, after deducting the cash dividend[146] Business Expansion and Strategy - The company aims to expand its business into the energy system management sector, leveraging its existing technology and customer resources[31] - The strategic layout of the company now includes "imaging consumables + information security + emerging energy," creating synergistic effects among its business segments[32] - The company is actively expanding its market presence, focusing on optimizing customer quality and structure while increasing brand influence[35] - The company is expanding its presence in the imaging consumables industry, focusing on organic photoconductors (OPC), toner, and drum products, as well as a large office e-commerce procurement platform[112] - The company is currently in the process of signing third-party custody agreements for its securities accounts, indicating ongoing financial management efforts[109] Research and Development - The company has a strong R&D team, with approximately 60% of its workforce in technical and R&D roles, enhancing its innovation capabilities[43] - The company has developed a complete set of core technologies and has 6 invention patents, 14 utility model patents, and 7 design patents authorized[39] - The company will increase its R&D investment to develop various information security products, including domestic hardware and software solutions, and establish a blockchain application service platform[121] - The company emphasizes continuous R&D investment to maintain its competitive edge in the organic optoelectronics industry and information security technology[130] Acquisitions and Investments - The company acquired a 71.26% stake in Fujian Minbao Information Technology Co., a high-tech enterprise in the information security sector, enhancing its capabilities in software development and system integration[27] - The company achieved a net profit of 25,064,456.65 CNY from its subsidiary Fujian Minbao Information Technology Co., which generated a revenue of 225,057,591.32 CNY in 2020[111] - The company completed the acquisition of 3,604,120 shares from Lin Zhangwei at an average price of 8.324 yuan per share, totaling 30 million yuan[195] Financial Management - The net cash flow from investing activities increased by 138.26%, reaching ¥38,038,198.75, attributed to a 64.49% decrease in cash outflows for purchasing financial products[83] - The net cash flow from financing activities dropped by 210.26%, resulting in a negative cash flow of ¥77,791,117.64, mainly due to reduced cash inflows from bank loans[83] - The company has established a sound internal control governance system to protect the rights of all shareholders and creditors[187] Market Trends and Challenges - The information security industry is projected to grow steadily at an ideal rate of around 10%, with the market expected to exceed 96.75 billion yuan by 2022[118] - The company is facing both challenges and opportunities in the competitive landscape of the general consumables industry, necessitating strategic market positioning[114] - The company faces risks from intensified industry competition, which could lead to a decline in product prices and profitability[128] Compliance and Governance - The company has established commitments to ensure that any new business activities that may compete with the company will be reported and potentially terminated[152] - The company will publicly explain any failure to fulfill commitments in designated publications and apologize to shareholders and the public[151] - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[161] Environmental Responsibility - The company has passed the ISO 14001:2015 environmental management system certification, emphasizing green and clean production[190] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[192] - The company has not experienced any environmental accidents or disputes during the reporting period[194]