*ST和科(002816) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 150,424,926.50, representing a 4.50% increase compared to CNY 143,942,395.96 in 2019[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 51,248,257.81, an improvement of 25.11% from a loss of CNY 68,430,260.97 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 70,724,520.05, a decrease of 4.05% compared to a loss of CNY 73,707,539.31 in 2019[18]. - The company's operating income for 2020 was CNY 150,424,926.50, an increase of 4.06% compared to CNY 143,942,395.96 in 2019[24]. - The net profit attributable to shareholders for 2020 was -CNY 42,362,351.81, a significant decline from a profit of CNY 15,837,024.69 in 2019[24]. - The net cash flow from operating activities was CNY 40,159,012.48, representing a 75.61% increase from CNY 22,868,691.03 in the previous year[24]. - The total assets at the end of 2020 amounted to CNY 559,047,714.10, reflecting a 4.03% increase from CNY 537,407,336.01 at the end of 2019[24]. - The company's basic and diluted earnings per share for 2020 were both -CNY 0.51, an improvement of 25.00% from -CNY 0.68 in 2019[24]. - The weighted average return on equity was -11.88% for 2020, an improvement from -13.89% in 2019[24]. - The company's net assets attributable to shareholders decreased by 11.21% to CNY 405,882,091.45 from CNY 457,130,349.26 in 2019[24]. Revenue Breakdown - Main business revenue was ¥132,323,372.17, accounting for 87.97% of total revenue, with a year-on-year growth of 7.10%[38]. - Cleaning products revenue reached ¥118,565,816.95, a significant increase of 21.37% from the previous year[38]. - The company faced a 70.69% decline in electroplating products revenue, which dropped to ¥4,081,896.50[38]. - The South China region saw a revenue increase of 29.05%, totaling ¥37,827,179.36[39]. - The company reported a gross profit margin of 25.29% for its main and other businesses, down 4.81% from the previous year[41]. Research and Development - Research and development expenses decreased by 44.11% to ¥8,824,975.18 due to reduced direct investment in R&D[48]. - R&D investment decreased by 44.11% to ¥8,824,975.18, accounting for 5.87% of operating revenue, down from 10.97% in 2019[49]. - The number of R&D personnel decreased by 30.30% to 46, representing 10.31% of the total workforce[49]. - The company is focusing on strategic acquisitions to bolster its growth and enhance its product offerings in the coming years[179]. - The company is actively pursuing research and development initiatives to innovate and improve its product line, particularly in precision cleaning technology[183]. Cash Management and Fundraising - The company raised a total of RMB 207.25 million from the public offering, with a net amount of RMB 172.39 million after deducting underwriting and listing expenses[65]. - As of 2020, the company has cumulatively invested RMB 119.46 million in fundraising projects, with a remaining balance of RMB 1.42 million in the fundraising account[66]. - The company plans to use RMB 57.68 million of the unutilized fundraising for permanent working capital supplementation[69]. - The company reported a total of RMB 11.95 million invested in fundraising projects, with a completion rate of 33.46%[65]. - The company has not made any changes to the investment scale or purposes of the fundraising projects[69]. Corporate Governance - The company emphasizes a clear cash dividend policy and adheres to the standards and procedures outlined in its articles of association[84]. - Independent directors have fulfilled their responsibilities and ensured the protection of minority shareholders' rights[85]. - The company has established a complete decision-making process for its cash dividend policy, ensuring transparency and compliance[85]. - The company has committed to maintaining its independence and has outlined specific measures to ensure operational and financial independence[89][90]. - The company has established a complete and independent corporate governance structure, with the shareholder meeting, board of directors, and supervisory board operating independently[199]. Market Strategy and Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[97]. - New product development includes the launch of a state-of-the-art cleaning device, expected to contribute an additional 200 million RMB in revenue[98]. - The company aims to focus on high-tech manufacturing industries and increase investment in "carbon water" cleaning technology to break through long-standing technological barriers held by Western countries[80]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[99]. - A strategic acquisition of a competitor is in progress, which is anticipated to enhance the company's technological capabilities and market reach[95]. Shareholder Information - The company reported a total of 100,000,000 shares outstanding, with 96,792,056 shares (96.79%) being unrestricted[158]. - The largest shareholder, Yiyang Ruihecheng Holdings Co., Ltd., holds 29,990,000 shares, with 7,959,100 shares pledged[163]. - The company has a total of 6,644 common shareholders as of the end of the reporting period[163]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[165]. - The company has not issued any new shares during the reporting period[161]. Legal and Compliance - The company reported a total of 4 new lawsuits during the reporting period, with a total amount involved of RMB 3,989.13 million, while 11 previous lawsuits remain unresolved, involving RMB 1,358.77 million[129]. - The company has not engaged in any major related party transactions during the reporting period[132][133]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[133]. - The company has maintained a consistent relationship with its accounting firm, which has provided audit services for 8 years, with a fee of RMB 800,000 for the current period[127]. - The company strictly adheres to legal requirements for information disclosure, ensuring timely and accurate communication with investors[197].