PHUA LEE MING(SZ:002957)2021-04-22 16:00Financial Performance - The company's operating revenue for 2020 was ¥2,014,349,383.34, representing a 7.61% increase from ¥1,871,951,550.71 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥293,158,574.55, a 12.02% increase compared to ¥261,699,335.74 in 2019[27]. - The basic earnings per share for 2020 was ¥0.72, up 5.88% from ¥0.68 in 2019[27]. - In 2020, the company achieved a sales revenue of 2.014 billion yuan, a year-on-year increase of 7.61%[66]. - The company's net profit attributable to shareholders was 293 million yuan, an increase of 12.16% compared to the previous year[66]. - The company's operating revenue for 2020 was CNY 2,001,523,693.42, representing a year-on-year increase of 7.02%[86]. - The gross profit margin for the equipment manufacturing sector was 40.37%, a decrease of 1.16% compared to the previous year[86]. - The gross profit margin for automation equipment was 41.93%, reflecting a year-on-year increase of 0.87%[86]. Cash Flow and Investments - The net cash flow from operating activities decreased by 38.74% to ¥200,515,595.63 from ¥327,328,643.53 in 2019[27]. - The company's cash and cash equivalents at the end of 2020 amounted to CNY 103 million, representing 29.12% of total assets[107]. - The net cash flow from financing activities was negative CNY 282 million, a decrease of 163.86% compared to the previous year[106]. - The total investments for the reporting period were CNY 109 million, a significant decrease of 66.67% compared to CNY 327 million in the previous year[115]. - The company reported a total of RMB 88.44 million in derivative investments during the reporting period, with a realized profit of RMB 1.07 million[121]. - The company has a total of RMB 39.67 million in unutilized raised funds, with 66.04% of the total raised funds already used[127]. Risk Management - The company faces various risks including the impact of the pandemic on the global economy, rising raw material prices, and exchange rate fluctuations[7]. - The company emphasizes the importance of risk awareness for investors regarding its future development outlook[6]. - The company has implemented risk control measures to address potential risks associated with foreign exchange hedging, including market, liquidity, credit, operational, and legal risks[122]. - The company engaged in foreign exchange hedging to mitigate currency risk, adhering strictly to operational needs without speculative trading[122]. Business Strategy and Development - The company has outlined its future development strategies in the report, highlighting potential growth areas[6]. - The company aims to achieve sales revenue of 2.3 billion to 2.5 billion yuan in 2021, representing a year-on-year growth of 10% to 19%[164]. - The company is focusing on integrating automation with information technology to enhance system integration and achieve higher precision and reliability in its products[151]. - The company aims to develop three business segments (mobile terminals, new energy, precision components and molds) into over 1 billion scale each within three years, and grow the new energy segment to 3 billion within three to five years[158]. - The company plans to accelerate investment in product and technology to support its 3+N business strategy and enhance competitiveness through mergers and acquisitions[163]. Research and Development - The company has 664 R&D personnel, accounting for 30.59% of the total workforce, and holds 80 software copyrights and 183 patents, including 40 invention patents[57]. - The company's R&D investment totaled CNY 230 million, accounting for 11.42% of total revenue, with 664 R&D personnel making up 30.59% of the workforce[72]. - The company is focusing on technology development projects in 2021, including high-speed EV stacking and high-efficiency vacuum packaging[167]. Market Presence and Customer Relationships - The company has established strong business relationships with leading brands across various industries, including mobile terminals, new energy, and automotive sectors[41]. - The company is actively developing new customer relationships, particularly in the electric vehicle and photovoltaic sectors, to expand its market presence[167]. - The company has established strong partnerships with leading brands in mobile terminals and new energy sectors, ensuring stable demand for automation equipment[156]. Dividend Policy - The company proposed a cash dividend of 2.30 CNY per 10 shares, totaling 94.72 million CNY for the 2020 fiscal year[178]. - The cash dividend payout ratio for 2020 is 32.31% of the net profit attributable to ordinary shareholders[182]. - The cash dividend for 2020 represents 100% of the total profit distribution[183]. - The company has maintained a consistent cash dividend distribution over the past three years, with the 2018 dividend being 3.20 CNY per 10 shares, totaling 11.81 million CNY[182]. Corporate Governance - The company has committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[5]. - The company has a dedicated board secretary and securities representative for investor relations[21]. - The company has not experienced any changes in its main business or controlling shareholders since its listing[25]. - The company has not reported any violations of commitments as of the end of the reporting period[184].