JIT(SZ:003029)2021-04-28 16:00Financial Performance - The company's operating revenue for 2020 was CNY 610,376,415.23, representing a 1.70% increase from CNY 600,168,913.94 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 107,317,261.16, a 20.64% increase compared to CNY 88,953,417.25 in 2019[17]. - The net cash flow from operating activities increased by 45.15% to CNY 110,534,120.50 in 2020 from CNY 76,154,233.35 in 2019[17]. - The total assets at the end of 2020 were CNY 1,701,793,425.35, a 61.46% increase from CNY 1,054,032,923.64 at the end of 2019[17]. - The net assets attributable to shareholders increased by 82.32% to CNY 1,252,024,640.49 at the end of 2020 from CNY 686,704,962.59 at the end of 2019[17]. - The company reported a basic earnings per share of CNY 0.79 for 2020, up 19.70% from CNY 0.66 in 2019[17]. - The company reported a net profit of -¥13,897,255 for 2020, compared to a profit of ¥32,622,831.30 in 2019[84]. - The gross margin for information security revenue was 59.93%, a decrease of 7.70% from the previous year[86]. Dividend Distribution - The company plans to distribute a cash dividend of 1.67 RMB per 10 shares to all shareholders, based on a total of 180,400,000 shares[5]. - The cash dividend distribution for 2020 represents 28.07% of the net profit attributable to ordinary shareholders[147]. - The company did not distribute any dividends for the year 2019 due to uncertainties related to the pandemic[145]. - A cash dividend of CNY 1.67 per 10 shares (including tax) is proposed, totaling CNY 30,126,800.00 to be distributed to shareholders[149]. - The total share capital for the dividend distribution is based on 180,400,000 shares, with no stock dividends or capital reserve transfers planned[149]. - The company plans to carry forward the remaining undistributed profits to the next fiscal year[149]. Risk Management - The company emphasizes the importance of risk awareness regarding industry policy risks, market competition risks, and technology development risks[5]. - The company has outlined potential risks in its future development, including the inability to continue using the "Jilin University" name[5]. - The company faces risks related to industry policy changes that could adversely affect its business operations and market space[133]. - The company is exposed to market competition risks as the information security and electronic certification industry is rapidly expanding with many new entrants[134]. - The company invests heavily in technology development and product upgrades, but faces challenges due to unpredictable industry trends and technological advancements[135]. - The company has a stable core technical team but is at risk of talent loss and technology leakage due to industry competition[136]. - The company may face risks related to the potential loss of the "Jilin University" name if ownership changes occur[139]. Market Position and Strategy - The company is a leading provider of information security products and services, focusing on cryptographic technology since its establishment in 1999[26]. - The company is focused on expanding its market presence and enhancing its product offerings through technological advancements[5]. - The company operates a comprehensive marketing service network with branches in key domestic markets, focusing on large and medium-sized enterprises in various industries[41]. - The company is positioned in the information security industry, classified under software and information technology services, which is encouraged for investment[44]. - The company aims to develop a new generation application security support platform in 2021, focusing on mobile, cloud, IoT, and application integration[125]. - The company plans to enhance its product offerings in electronic certification and security management, targeting key industries such as government, military, finance, and telecommunications[124]. - The company will expand its marketing strategy to focus on user-centered and market-oriented approaches, transitioning from product marketing to a product-platform-ecosystem model[125]. Research and Development - The company has established a comprehensive R&D system with two research centers and collaborations with renowned universities, enhancing its technological competitiveness[52]. - The company is actively developing new applications and technologies, including cloud security services and IoT security solutions, to meet market demands[53]. - The company employed 606 R&D and technical personnel, including industry experts and senior engineers[68]. - The company is committed to investing in R&D for innovative products, particularly in areas like AI, biometrics, and blockchain, to improve product competitiveness[128]. Corporate Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring no false records or misleading statements[4]. - The company has a legal obligation to ensure the accuracy and completeness of its IPO prospectus, and will compensate investors for losses caused by any misleading statements or omissions[153]. - The company will publicly apologize and halt dividend distributions if it fails to fulfill its buyback commitments within the stipulated time[153]. - The company is committed to transparency and timely disclosure of any significant information related to its IPO and stock performance[153]. - The company will ensure compliance with the requirements set by the China Securities Regulatory Commission and other authorities regarding information disclosure and investor protection[153]. Social Responsibility and Employee Engagement - The company actively participated in social responsibility initiatives, contributing to urban infrastructure, environmental protection, and employment[178]. - The company established a comprehensive human resources management system, ensuring compliance with labor laws and providing various employee benefits[181]. - The company emphasizes a positive corporate culture, fostering employee growth and communication[183]. - The company has established a party committee and labor union to enhance employee engagement and support[183]. - The company actively participates in sports and cultural activities to boost team cohesion and employee morale[183]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 90,192, while the number of shareholders at the end of the previous month was 28,997[196]. - The largest shareholder, Jilin Province Bowei Industrial Co., Ltd., holds 11.61% of shares, equating to 20,937,500 shares[196]. - The actual controllers of the company, Yu Fengliang and Liu Haitao, collectively hold 21.37% of the shares, with Yu directly holding 9,616,759 shares and indirectly controlling an additional 8,000,000 shares[199]. - The combined shareholding of Yu Fengliang, Liu Haitao, and their concerted parties amounts to 35.23% of the total shares[199]. - The company has established a concerted action agreement among several shareholders to align voting rights[199].