盛视科技(002990) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 935,109,861.04, representing a 15.82% increase from CNY 807,386,424.94 in 2019[36]. - The net profit attributable to shareholders for 2020 was CNY 224,394,143.50, a 5.30% increase compared to CNY 213,097,873.99 in 2019[36]. - Basic earnings per share for 2020 were CNY 1.98, down 12.00% from CNY 2.25 in 2019[36]. - The company's total assets at the end of 2020 reached CNY 2,470,235,160.18, a 97.10% increase from CNY 1,253,269,047.37 at the end of 2019[36]. - The company's net assets attributable to shareholders increased by 201.70% to CNY 1,886,611,305.37 from CNY 625,323,877.52 in 2019[39]. - The company's total operating cost for 2020 was ¥498,522,793.21, which represents a 17.77% increase compared to the previous year[111]. - The company reported a significant increase in sales expenses by 22.70% to ¥68,191,506.35, mainly due to expanded sales channels and increased costs related to pandemic measures[117]. Research and Development - The company plans to increase R&D investment to enhance product competitiveness and mitigate risks associated with technology and product obsolescence[10]. - The company increased R&D investment to CNY 82,507,363.06 in 2020, up from CNY 64,370,445.38 in 2019, representing a growth of 28.67%[119]. - R&D personnel increased to 422 in 2020, accounting for 44.89% of the total workforce, compared to 336 personnel and 40.29% in 2019[119]. - The company has established research centers in Shenzhen and Wuhan, focusing on innovation in smart port and intelligent transportation technologies[65]. - The company has developed multiple advanced technologies, including positioning tracking technology for centralized management and high-performance servo motion control technology for intelligent gates[68]. - The company has integrated its software development capabilities to create a one-stop intelligent management platform, covering border inspection command management and customs risk prevention[69]. Market Expansion and Strategy - The company aims to expand its overseas business while closely monitoring the international pandemic situation, which may affect the pace of expansion[9]. - The company has expanded its business into smart transportation and smart airport solutions, leveraging its technology in smart port systems to enhance operational efficiency[50]. - The company anticipates growth opportunities driven by the "Belt and Road" initiative and increasing demand for new infrastructure[60]. - The company plans to continue strengthening its brand image and expand its market influence, having been recognized as one of the top 500 Chinese independent brands[93]. - The company aims to become a leading domestic and world-class provider of smart systems and intelligent products[160]. - The company plans to enhance its product and service value through continuous R&D innovation, focusing on AI, big data, and IoT technologies to meet market demands[161]. Risk Management - The company acknowledges risks related to project execution due to uncontrollable factors such as natural disasters and market changes, and it will enhance communication with clients to ensure project delivery[11]. - The company recognizes the potential impact of unfavorable changes in market conditions on the expected outcomes of its fundraising projects[15]. - The company acknowledges risks from the ongoing COVID-19 pandemic, which may affect project delivery and customer procurement demands, and plans to maintain close communication with clients to mitigate impacts[166]. - The company faces product and technology R&D risks, emphasizing the need for continuous investment in new technologies to avoid obsolescence and maintain competitive advantages[167]. Shareholder and Dividend Information - The company reported a profit distribution plan to distribute cash dividends of 0.00 RMB per share based on a total share capital of 126,240,000 shares[16]. - The company plans to distribute a cash dividend of 5.00 CNY per 10 shares, totaling 63,120,000.00 CNY (including tax) for the year 2020[175]. - The cash dividend represents 28.13% of the company's net profit attributable to ordinary shareholders for 2020, which was 224,394,143.50 CNY[175]. - The company's cash dividend policy has remained unchanged, ensuring compliance with relevant regulations and the company's articles of association[174]. - The company has not made any profit distributions in 2018 and 2019, with the first cash dividend being declared in 2020[175]. Technology and Innovation - The company is committed to leveraging AI, big data, and IoT technologies to strengthen its market position in smart ports and other AI application areas[14]. - The smart port inspection system is a key application for upgrading traditional ports, significantly improving customs efficiency through integrated data management and risk analysis[50]. - The company has established a strategic partnership with Huawei in October 2019 to accelerate innovation in smart transportation and smart port sectors[50]. - The company’s intelligent systems are designed to integrate various technologies, ensuring seamless operation and data sharing across different platforms[56]. - The company has secured 164 authorized patents and 185 software copyrights during the reporting period, totaling 229 patents and 358 copyrights by the end of the period[92]. Operational Challenges - The net cash flow from operating activities decreased by 58.21% to CNY 44,892,278.96 from CNY 107,415,573.69 in 2019[36]. - The company reported a significant decline in cash flow from operating activities in Q1 2020, with a net outflow of CNY 127,872,420.91[41]. - Accounts receivable increased by 79.88% year-on-year, attributed to delayed project audits and payment collection due to the pandemic[64]. - The company's accounts receivable increased to CNY 480,353,048.04, representing 19.45% of total assets, impacted by delayed project audits and payments due to the pandemic[129].