RISUNTEK INC.(SZ:002981)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was CNY 904,715,193.70, representing a 9.31% increase compared to CNY 827,657,100.88 in 2019 [6]. - The net profit attributable to shareholders for 2020 was CNY 45,459,132.47, a decrease of 45.32% from CNY 83,138,239.72 in 2019 [6]. - The net profit after deducting non-recurring gains and losses was CNY 42,341,238.29, down 48.68% from CNY 82,499,365.30 in 2019 [6]. - The net cash flow from operating activities for 2020 was CNY 40,634,009.00, a decline of 24.64% compared to CNY 53,916,317.56 in 2019 [6]. - The total assets at the end of 2020 were CNY 1,236,505,128.30, an increase of 63.78% from CNY 754,989,040.39 at the end of 2019 [6]. - The net assets attributable to shareholders at the end of 2020 were CNY 835,675,870.49, up 88.36% from CNY 443,654,827.07 at the end of 2019 [6]. - The company reported a basic earnings per share of CNY 0.52 for 2020, a decrease of 54.78% from CNY 1.15 in 2019 [6]. - The gross profit margin for the electronic industry decreased by 24.50% to 16.68% compared to the previous year [59]. - The total sales volume in the electronic industry was 9,350.86 million units, down 28.58% from 13,092.14 million units in 2019 [60]. Dividend Policy - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares to all shareholders, based on a total of 96,000,000 shares [5]. - For the year 2020, the cash dividend per 10 shares was set at 0.5 yuan, with a total cash dividend amounting to 4.8 million yuan, which accounted for 100% of the total distributable profit of 271.75 million yuan [106][108]. - The company has a stable profit distribution policy, prioritizing cash dividends of at least 10% of distributable profits in profitable years [102]. - The company approved a cash dividend distribution of 14.4 million yuan (including tax) for the year 2018, 9.6 million yuan for 2019, and 4.8 million yuan for 2020, representing 18.72%, 11.55%, and 10.55% of the net profit attributable to ordinary shareholders, respectively [103][106]. Research and Development - The company reported a significant focus on research and development for new products, particularly in the True Wireless Stereo (TWS) headphones segment [10]. - The company continues to focus on the research and development of high-end smart headphones, which have gained wide recognition in the market [27]. - Research and development expenses amounted to ¥38,665,294.08, accounting for 4.27% of total revenue, an increase of 11.94% year-on-year [67]. - The company plans to increase R&D investment to improve its research capabilities and reduce product development costs [94]. - The company has developed high-end smart headphones and has established a comprehensive R&D team with extensive experience in the electroacoustic field [37]. Market Expansion - The company is expanding its market presence, particularly in Southeast Asia, with new partnerships and distribution channels being established [10]. - The company aims to expand its market influence beyond traditional audio markets into esports, mobile, and internet sectors [93]. - The company plans to deepen resource integration and optimize supply chain management to enhance its technological and cost advantages [93]. - The company has established production bases in Dongguan and Laiwu in China, as well as overseas bases in Vietnam and India, to leverage lower labor costs and respond quickly to market demands [47]. - The overseas revenue accounted for 32.55% of total revenue, showing a growth of 29.68% year-on-year [57]. Risk Management - The company emphasizes the importance of risk management strategies in its future development outlook [4]. - The company acknowledges risks from global COVID-19 pandemic, exchange rate fluctuations, and rising labor costs [96]. - The company faces significant risks from raw material price volatility, which could impact profitability [97]. - The competitive landscape is intensifying, with numerous domestic players and foreign companies holding high-end market advantages [97]. Corporate Governance - The company’s governance structure includes a board of directors and supervisory board, ensuring compliance and oversight [4]. - The company’s legal representatives have confirmed the accuracy and completeness of the financial report, ensuring accountability [3]. - The governance structure is established in accordance with the Company Law and operates effectively with a functioning shareholders' meeting, board of directors, and supervisory board [200]. - The shareholders' meeting has been operating in compliance with the Company Law since its establishment in November 2015, making effective resolutions on key matters [200]. Shareholding and Stock Management - The company plans to strictly adhere to the shareholding restrictions and voluntary lock-up commitments for its shares in Chaoyang Technology, ensuring no sales during the lock-up period [110]. - The company will ensure that any share reduction will not be below the issuance price, complying with relevant regulations regarding rights issues and dividends [110]. - The company has established a long-term commitment to hold shares in Chaoyang Technology, with a focus on maintaining stock price stability and operational needs [110]. - The company will utilize various methods for share reduction, including centralized bidding, block trading, and negotiated transfers, in accordance with legal and regulatory requirements [110]. - The company will repurchase shares using its own funds in the secondary market, with a maximum repurchase amount set at 10% of the net proceeds from the new share issuance [116]. Employee and Management Compensation - The total remuneration for directors and senior management during the reporting period amounts to 274.58 million yuan [193]. - The chairman and general manager, Shen Qingkai, received a total remuneration of 36.94 million yuan [193]. - The vice general manager, Xu Zuoli, received a total remuneration of 61.42 million yuan [193]. - The employee compensation system is designed to align salaries with contributions, including basic salary, position salary, bonuses, and subsidies [196]. - The company emphasizes talent development through targeted training programs for different departments and levels, enhancing management capabilities [197].