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三晖电气(002857) - 2020 Q4 - 年度财报
SMSSMS(SZ:002857)2021-04-22 16:00

Financial Performance - The company's operating revenue for 2020 was CNY 211,728,010.60, a decrease of 20.53% compared to CNY 266,430,855.23 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 23,424,300.30, down 26.49% from CNY 31,863,536.71 in the previous year[16] - The net profit after deducting non-recurring gains and losses was CNY 15,787,934.90, a decline of 41.31% from CNY 26,898,317.76 in 2019[16] - The basic earnings per share for 2020 were CNY 0.18, down 28.00% from CNY 0.25 in 2019[16] - The weighted average return on equity was 4.72%, a decrease from 6.73% in the previous year[16] - The company achieved operating revenue of 211.73 million yuan in 2020, a decrease of 20.53% year-on-year, and a net profit of 23.42 million yuan, down 26.49% year-on-year[33] Cash Flow and Assets - The net cash flow from operating activities increased by 35.09% to CNY 69,141,124.78, compared to CNY 51,182,155.12 in 2019[16] - The total assets at the end of 2020 were CNY 637,010,408.88, reflecting a 4.04% increase from CNY 612,262,239.94 at the end of 2019[16] - The net assets attributable to shareholders increased by 2.19% to CNY 494,873,018.43 from CNY 484,248,718.13 in 2019[16] - The net cash flow from investment activities was -¥16,576,550.57, indicating a significant decrease due to increased purchases of financial products[55] - The company reported a total of 88,000,000.00 in trading financial assets at the beginning of the period, with a fair value change of 585,500,000.00 and a closing balance of 592,000,000.00[62] Research and Development - The company's research and development expenditure reached ¥15.75 million in 2020, representing a 4.8% increase year-on-year and accounting for 7.44% of total revenue[29] - R&D investment amounted to 15.75 million yuan, representing a 4.80% increase compared to the previous year, supporting project development and technological innovation[33] - The number of R&D personnel increased to 113, making up 26.58% of the total workforce, up from 22.51% the previous year[53] - The company has applied for a total of 130 patents, including 27 invention patents, and has been granted 106 patents, including 11 invention patents[29] Market and Sales - The sales volume of the standard and calibration device series decreased by 98.34% year-on-year, primarily due to production capacity constraints caused by the pandemic[42] - The sales volume of the energy measurement supporting product series fell by 50.80% year-on-year, also attributed to insufficient production capacity due to the pandemic[43] - The Northeast region saw a revenue increase of 114.38% year-on-year, while the North China region experienced a significant decline of 78.53%[38] - The total sales amount from the top five customers is ¥59,870,483.74, accounting for 28.28% of the annual total sales[47] - The largest customer, State Grid Jilin Electric Power Co., Ltd., contributed ¥15,733,837.16, representing 7.43% of the annual sales[47] Governance and Compliance - The company maintains strict compliance with information disclosure regulations, ensuring transparency in operations and preventing insider trading[34] - The company has established a framework for shareholders to report any changes in their shareholdings promptly, ensuring compliance with regulations[104] - The management team has made commitments to not engage in activities that harm the company's interests or those of its shareholders[110] - The company emphasizes transparency in information disclosure, adhering to principles of accuracy and timeliness[187] - The company's governance structure aligns with regulatory standards set by the China Securities Regulatory Commission[189] Shareholder Commitments - The company did not propose any cash dividends or bonus shares for the year[5] - The company did not propose any cash dividend distribution for the 2020 fiscal year, despite having a positive profit available for distribution[102] - The actual controller and shareholders have committed to consistent voting rights and proposal rights, ensuring unified actions in shareholder meetings since March 22, 2020, and are currently fulfilling this commitment[103] - The company will adjust the number of shares and the minimum selling price in case of any corporate actions like dividends or stock splits during the holding period[105] - The company is actively working on strategies to enhance shareholder value and maintain market confidence through these commitments[105] Management and Workforce - The company employed a total of 425 staff, with 346 in the parent company and 79 in major subsidiaries[178] - The total remuneration paid to directors, supervisors, and senior management in 2020 amounted to CNY 3.873 million[176] - The management team has a diverse educational background, including degrees in engineering and business, which supports the company's strategic initiatives[172][173] - The company has implemented a competitive salary policy and a fair performance evaluation mechanism for employees[179] - The company’s operational strategy includes a focus on quality management, led by Vice General Manager Guo Quanzhou, who has been in the role since April 2015[174] Risks and Challenges - The company faces uncertainties regarding its ability to continue as a going concern, as indicated in the audit report[16] - The company faces risks related to policy dependence, particularly from the electric power industry, which could impact business development if macro policies change unfavorably[89] - Increased market competition is anticipated as more competitors enter the instrumentation industry, prompting the company to enhance innovation and optimize product structure[90] - The company has identified risks associated with fundraising project construction, which may not yield expected returns within the anticipated timeframe[93] Miscellaneous - The company has not engaged in any significant equity or non-equity investments during the reporting period[64][65][66] - The company did not experience any major litigation or arbitration matters during the reporting period[118] - The company has maintained a good credit status, with no instances of dishonesty or failure to fulfill court judgments during the reporting period[120] - The company has not reported any other shareholders holding more than 10% of the shares during the reporting period[160]