Viewshine. Ltd(SZ:002849)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was ¥1,198,144,720.51, representing an increase of 11.55% compared to ¥1,074,105,621.01 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥83,766,433.96, a growth of 28.52% from ¥65,176,790.92 in 2019[6]. - The net cash flow from operating activities surged by 407.02% to ¥117,976,627.08, compared to ¥23,268,634.13 in the previous year[6]. - The basic earnings per share increased by 28.00% to ¥0.640 in 2020, up from ¥0.500 in 2019[6]. - Total assets at the end of 2020 reached ¥1,848,201,253.56, marking a 19.69% increase from ¥1,544,166,289.68 at the end of 2019[6]. - In 2020, the company achieved operating revenue of ¥1,198,144,720.51, representing a year-on-year growth of 11.55%[49]. - The net profit attributable to shareholders increased by 28.52% to ¥83,766,433.96[49]. - Total revenue for 2020 reached ¥1,198,144,720.51, an increase of 11.55% compared to ¥1,074,105,621.01 in 2019[59]. - The revenue from the instrument and meter segment was ¥1,196,482,670.18, accounting for 99.86% of total revenue, with a year-on-year growth of 11.71%[61]. - The smart gas meter revenue decreased by 15.35% to ¥363,716,492.63, while the remote gas meter revenue increased by 26.87% to ¥569,443,262.33[59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders, based on a total of 132,449,050 shares[4]. - In 2020, the company distributed cash dividends of 0.50 yuan per share, totaling 6,622,452.50 yuan, which represents 7.91% of the net profit attributable to shareholders[107]. - The cash dividend distribution plan for 2020 is based on a total share capital of 132,449,050 shares, with no stock dividends or capital reserve transfers planned[109]. - The company commits to distributing at least 20% of the annual distributable profits as cash dividends if there are no major investment plans or significant cash expenditures[121]. - The company plans to review its shareholder return plan at least every five years, considering the opinions of shareholders, independent directors, and supervisors[121]. Business Operations - The company operates in the intelligent meter sector, focusing on various types of gas meters, including smart and ultrasonic gas meters[10]. - The company continues to focus on the development of smart metering terminals and gas management systems, leveraging IoT and 5G technologies[26]. - The company has three main product platforms: smart products, metering products, and software products, catering to urban gas operators[26]. - The ultrasonic gas meter, a key product, offers high reliability and precision, addressing the needs of gas operators for accurate measurement[29]. - The "Smart Gas Cloud" platform provides integrated IT solutions for gas companies, enhancing operational efficiency and service quality[30]. - The company has a complete product line in the urban gas industry, including IC card prepaid gas meters and IoT smart gas meters, positioning it as a leading supplier in the market[35]. Research and Development - The company is actively involved in the development of new technologies and products in the intelligent metering field[10]. - The company holds 233 intellectual property rights, including 14 invention patents and 77 utility model patents, reflecting its strong focus on technological innovation[38]. - The company plans to continue increasing its R&D investment and product innovation to meet market demands and enhance its competitive edge[37]. - Research and development expenses rose by 4.84% to ¥51,266,524.19, primarily due to increased investment in R&D materials and employee salaries[69]. - The company’s R&D investment amounted to ¥51,266,524.19, an increase of 4.84% compared to the previous year[72]. Market Expansion - The company aims to become a leading supplier in the gas measurement management and energy management sectors, focusing on high-value and high-performance products[90]. - The company plans to strengthen its domestic gas meter market presence and aims to lead in the scale of domestic gas meters[91]. - The company intends to expand into international markets, enhancing its competitiveness globally[90]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[119]. - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and increase market penetration, with an estimated cost of 300 million RMB[120]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[3]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The company has a commitment to transparency, with its annual report available on the designated website for public access[15]. - The company has a dedicated team for investor relations, ensuring effective communication with stakeholders[14]. - The company has established a commitment to maintain transparency in share reduction announcements, including the quantity and execution period[112]. Shareholder Structure - The company has a significant number of shareholders holding more than 5% of shares, indicating a concentrated ownership structure[187]. - The largest shareholder, Huang Wenqian, holds 21.74% of the shares, totaling 28,790,650 shares, with a decrease of 1,299,950 shares during the reporting period[188]. - The company reported a total of 10 major shareholders, with the top 10 unrestricted shareholders holding a total of 54,000,000 shares[189]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[189]. Compliance and Risk Management - The company acknowledges the cyclical risks in the smart gas meter industry due to macroeconomic trends and infrastructure development, and will adjust strategies accordingly[97]. - The company faces increasing competition in the smart gas meter market, which may pressure profit margins, and will adopt a differentiated strategy to capture new demand[99]. - The company emphasizes the importance of product quality, having obtained explosion-proof certifications for its smart gas meters, and will enhance quality control measures[100]. - The company is experiencing rising operational costs due to the ongoing COVID-19 pandemic, but remains confident in long-term growth through innovation[101]. Social Responsibility - The company actively engages in social responsibility initiatives, focusing on environmental protection and sustainable development[166]. - The company has implemented an ISO14001 environmental management system to enhance its environmental protection efforts[166]. - The company does not belong to the list of key pollutant discharge units as per environmental protection regulations[169].