瑞鹄模具(002997) - 2020 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2020[12]. - The company's operating revenue for 2020 was ¥949,866,219.10, a decrease of 9.80% compared to ¥1,053,092,373.17 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥103,364,830.53, down 23.94% from ¥135,905,667.64 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥84,019,067.90, a decline of 24.22% from ¥110,878,330.33 in 2019[6]. - The company's cash flow from operating activities was ¥69,632,636.14, which represents a decrease of 20.84% compared to ¥87,961,082.94 in 2019[6]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2020, representing a year-over-year increase of 15%[182]. - The gross profit margin improved to 30%, up from 28% in the previous year, indicating better cost management and pricing strategies[182]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 183,600,000 shares[4]. - The company declared a cash dividend of 36.72 million yuan for the 2020 fiscal year, representing 35.52% of the net profit attributable to ordinary shareholders[96]. - A cash dividend of RMB 36,720,000.00 was declared, amounting to RMB 2.00 per 10 shares, representing 100% of the total profit distribution[98]. - The company has consistently implemented clear profit distribution policies, with cash dividends for the past three years being 41.31 million yuan in 2018, 38.56 million yuan in 2019, and 36.72 million yuan in 2020[94]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the electric vehicle sector, to capture emerging opportunities[12]. - The company anticipates a revenue growth target of 20% for the upcoming fiscal year, driven by increased demand from major automotive clients[12]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[12]. - The company successfully expanded its market presence in the luxury brand and new energy vehicle sectors, leading to a significant increase in order intake from these segments[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next three years[182]. Research and Development - The company has invested in new product development, aiming to enhance its competitive edge in the automotive mold industry[12]. - Research and development expenses for 2020 amounted to ¥53,068,120.93, representing 5.59% of operating revenue, a 0.53% increase from the previous year[56]. - The company has allocated 100 million RMB for research and development in new technologies for the upcoming fiscal year[182]. - The company has developed body-in-white manufacturing equipment for over 100 vehicle models and more than 20 automated production lines, showcasing its extensive project accumulation[30]. - The company holds 162 patents, including 56 invention patents, indicating a strong competitive advantage in automotive manufacturing equipment technology[31]. Operational Efficiency - The company has reported a net profit margin of 10% for the fiscal year 2020, reflecting improved operational efficiency[12]. - The company is actively pursuing technological advancements in mold manufacturing to reduce production costs and improve quality[12]. - The company aims to reduce operational costs by 5% through improved supply chain management and automation initiatives[182]. Financial Position - The total assets at the end of 2020 were ¥2,598,503,193.38, an increase of 38.25% from ¥1,879,562,992.98 at the end of 2019[18]. - The net assets attributable to shareholders increased by 107.76% to ¥1,078,917,718.84 from ¥519,303,717.21 in 2019[18]. - The company's cash and cash equivalents increased by 82.29% compared to the beginning of the year, primarily due to the net proceeds of 496,060,000.00 yuan from its initial public offering[28]. - The accounts receivable grew by 52.32% year-on-year, mainly due to an increase in receivables from completed contracts[28]. - The company's deferred tax assets increased by 71.15% compared to the beginning of the year, attributed to an increase in deductible temporary differences[28]. Risk Management - The company is committed to addressing potential risks outlined in its report, including market volatility and supply chain disruptions[4]. - The company faces market risks due to uncertainties in overall market growth and potential business risks for downstream manufacturers, which may impact the specialized equipment and parts market[89]. - The company is exposed to cost risks from rising raw material prices and labor costs, which may exceed industry efficiency improvements[89]. - The accounts receivable balance at the end of the reporting period was approximately 360 million yuan, posing a risk of bad debts due to potential changes in the macro environment or major customer operations[89]. Corporate Governance - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring transparent and timely information disclosure[140]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[196]. - The company has retained the same accounting firm, Rongcheng Accounting Firm, for 10 years, with an audit fee of ¥1,100,000[112]. - The company has not reported any significant matters requiring explanation during the reporting period, indicating stable operations[146]. Employee Management - The total number of employees in the company is 1,536, with 721 in the parent company and 815 in major subsidiaries[188]. - The professional composition includes 1,082 production personnel, 23 sales personnel, 307 technical personnel, 31 financial personnel, and 93 administrative personnel[188]. - The company has implemented a training program for employees, focusing on skill enhancement and professional development across different levels[191]. - The total remuneration for directors, supervisors, and senior management during the reporting period is 638.88 million yuan[187]. Shareholder Structure - The largest shareholder, Wuhu Hongbo Mould Technology Co., Ltd., holds 37.66% of the shares, totaling 69,150,000 shares[158]. - The company has a total of 27,008 shareholders as of the end of the reporting period[158]. - The company has a diverse shareholder structure, with significant stakes held by various investment funds and partnerships[158]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including environmental protection and employee rights[140]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities, demonstrating compliance with environmental regulations[145].