Bojay(SZ:002975)2021-04-19 16:00Financial Performance - The company reported a total revenue of 138,933,400 RMB for the year 2020, with a cash dividend of 7.37 RMB per 10 shares distributed to shareholders[9]. - The company's operating revenue for 2020 was ¥1,375,964,707.52, representing a 66.80% increase compared to 2019[25]. - The net profit attributable to shareholders for 2020 was ¥341,245,124.96, a 126.86% increase from the previous year[25]. - The net cash flow from operating activities for 2020 was ¥288,319,723.04, up 55.01% year-over-year[25]. - The total assets at the end of 2020 reached ¥1,687,922,991.26, a 127.76% increase compared to the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were ¥1,348,894,293.97, reflecting a 152.46% increase from the previous year[25]. - The basic earnings per share for 2020 was ¥2.48, doubling from ¥1.24 in 2019[25]. - The comprehensive gross margin for the company's products was 53.27%, an increase of 3.51% year-over-year[93]. - The company reported a net profit margin of 12.89%, an increase from 10.94% in the previous year[127]. - The company achieved an average growth rate of 26.20% from 2016 to 2020 in its core technology areas, driven by increasing labor costs and the aging population[79]. Research and Development - The company has a strong focus on research and development, particularly in the fields of acoustic testing and visual inspection technologies[12]. - R&D expenses amounted to 126.15 million yuan, reflecting a growth of 28.20% compared to the previous year[93]. - The company holds 238 national patents and 117 software copyrights, indicating strong R&D capabilities[81]. - The company employs an open and responsive R&D model, focusing on both potential market demands and existing customer customization needs[62]. - The company is committed to developing one-stop solutions for automated testing and assembly, aligning with industry trends towards customization and automation[48]. Market Expansion and Strategy - The company plans to continue expanding its market presence and is exploring new product development opportunities[9]. - The company is actively promoting online sales channels, including search engine optimization and advertising marketing[66]. - The company is focusing on expanding its market presence through strategic partnerships and technological advancements in semiconductor manufacturing[128]. - The company plans to focus resources on high-growth projects to ensure they become essential business increments in the future[98]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[128]. Product Development and Innovation - The company has developed a leading position in technology for certain products in both domestic and international markets[39]. - The company has expanded its testing business into machine vision detection, which is expected to bring continuous growth in the future[45]. - The company has developed high-speed, high-precision dispensing machines for PCB production, achieving world-leading speed and accuracy[57]. - The company is committed to rolling out at least 10 new product developments and technological breakthroughs each year[148]. - New product launches included a flagship product that contributed $300 million in sales during the quarter[178]. Customer Engagement and Satisfaction - The company serves major clients including Fortune 500 companies such as Apple, Microsoft, and Google, focusing on industrial automation solutions[39]. - The company has established long-term partnerships with major clients, including Fortune 500 companies, ensuring stable revenue streams[82]. - User data indicates a growing customer base, reflecting a 15% increase in user engagement year-over-year[128]. - Customer satisfaction ratings improved to 90%, reflecting better service and product quality[183]. Financial Management and Governance - The company emphasizes the importance of risk awareness regarding future plans and projections[9]. - The company has established a transparent profit distribution policy to ensure stable returns to shareholders[170]. - The company is committed to maintaining compliance with regulatory requirements and enhancing corporate governance practices[190]. - The company has initiated a share buyback program to enhance shareholder value[190]. Economic and Market Risks - The company faces risks related to macroeconomic fluctuations, as its client base spans critical sectors such as consumer electronics, automotive manufacturing, and photovoltaic semiconductors, which are closely tied to economic cycles[155]. - The company is exposed to risks from rising labor costs due to economic growth and inflation, which could adversely affect operating performance if productivity does not increase correspondingly[160]. - The company is implementing strategies to mitigate risks associated with currency fluctuations, particularly as it primarily uses USD for export transactions[158].