网宿科技(300017) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥5,686,641,002.77, a decrease of 5.34% compared to ¥6,007,497,816.26 in 2019[11]. - Net profit attributable to shareholders was ¥220,001,222.21, an increase of 537.99% from ¥34,483,627.00 in 2019[11]. - The net profit after deducting non-recurring gains and losses was ¥137,258,468.88, up 123.20% from -¥591,523,621.10 in 2019[11]. - The net cash flow from operating activities was ¥797,525,770.49, representing a 30.61% increase from ¥610,596,243.34 in 2019[11]. - Basic and diluted earnings per share were both ¥0.09, an increase of 800.00% from ¥0.01 in 2019[11]. - The total assets at the end of 2020 were ¥10,160,745,437.56, a decrease of 1.65% from ¥10,330,948,687.22 at the end of 2019[11]. - The company's revenue for 2020 was 568,664.10 million CNY, a decrease of 5.34% compared to the previous year, while net profit attributable to shareholders increased by 537.99% to 22,000.12 million CNY[31]. - The company's total revenue for 2020 was ¥5,686,641,002.77, a decrease of 5.34% compared to ¥6,007,497,816.26 in 2019[56]. - CDN business revenue accounted for 94.45% of total revenue, amounting to ¥5,370,960,813.66, with a slight decrease of 1.22% from ¥5,437,144,698.59 in 2019[57]. - Overseas revenue reached ¥190,076,995.50, representing 33.43% of total revenue, showing a growth of 3.04% from ¥184,468,718.67 in 2019[58]. Shareholder Returns - The company reported a total share capital of 2,453,012,204 shares as of December 31, 2020, with a profit distribution plan of cash dividends of 0.1 RMB per 10 shares[2]. - The company’s cash dividend distribution plan reflects a commitment to returning value to shareholders while maintaining operational flexibility[2]. - For the 2020 fiscal year, the company plans to distribute a cash dividend of 0.1 RMB per 10 shares, amounting to 24,448,898.75 RMB (including tax) based on a total share base of 2,444,889,875 shares[115]. - The cash dividend for 2020 represents 100% of the total distributable profit of 4,213,388,544.82 RMB[115]. - The company distributed a cash dividend of 0.3 RMB per 10 shares for the 2019 fiscal year, totaling 72,776,798.25 RMB (including tax) to shareholders[112]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting, with key personnel affirming the completeness and truthfulness of the annual report[2]. - The company’s board of directors has fully attended the meeting to review the annual report, indicating strong governance practices[2]. - The company has committed to providing accurate and complete information during major asset restructuring, ensuring no false statements or significant omissions[119]. - The company has undertaken to avoid any direct or indirect competition with its controlled enterprises, ensuring compliance with relevant laws and regulations[120]. - The company has not faced any criminal investigations or administrative penalties from the securities regulatory authority in the past three years[120]. - The company has committed to timely disclosure of relevant information and documents related to the transaction[121]. - The company has confirmed compliance with regulations regarding related party transactions, ensuring fairness and legality in dealings with controlled enterprises[124]. Risk Management - The company acknowledges potential risks in market, technology, management, and new business development, which are detailed in the future outlook section of the report[2]. - The company faces market risks related to policy changes, market demand fluctuations, and increased competition, and will implement measures to mitigate these risks[105]. - The company recognizes the rapid technological changes in its industry and will focus on timely R&D and talent retention to maintain its core competitiveness[106]. Research and Development - The company invested CNY 49,812.66 million in R&D, representing 8.76% of its operating revenue[49]. - The company has established five R&D centers in Xiamen, Shenzhen, Seoul, Silicon Valley, and Moscow, focusing on continuous technological innovation and product upgrades[36]. - The company has implemented a talent incentive mechanism, with over 60% of its employees engaged in R&D and technical roles, ensuring strong research capabilities[40]. - The company plans to continue increasing R&D investment to respond to market changes and optimize existing products and core technologies[100]. Market Strategy - The company’s future strategies include exploring new markets and enhancing its technological capabilities, although specific numerical targets are not disclosed[2]. - The company continues to expand its CDN and edge computing services to meet the growing demand driven by new technologies such as 5G and AI[19]. - The company is focusing on expanding its enterprise market and enhancing customer stickiness through new business areas like security and cloud computing[50]. - The company plans to strengthen investments in CDN, network security, cloud computing, and edge computing over the next five years[43]. - The company aims to enhance its security capabilities by integrating host security, transmission security, and user access security into a cohesive offering[29]. Subsidiaries and Investments - The company has a wholly-owned subsidiary, Shenzhen Green Cloud Map Technology Co., Ltd., which is involved in its business operations[4]. - The company has established several new subsidiaries, including Shanghai Wangsu Xingchen Data Technology Co., Ltd., with no significant impact on overall operations[97]. - The company made a significant equity investment of ¥100,000,000.00 in Chuang'erxin (Beijing) Education Technology Co., Ltd., acquiring a 16.67% stake[82]. - The company has completed all necessary changes related to the capital increase in Chuang'xin, enhancing its business connections in the education technology sector[187]. Financial Management - The company has a total of 312,560.76 million RMB in entrusted financial management, with a remaining balance of 260,157.86 million RMB[167]. - The company has allocated 370,000 million RMB for low-risk financial products and 30,000 million RMB for medium-risk financial products[168]. - The company’s financial management includes bank, trust, and brokerage products, with no overdue amounts reported[167]. - The total amount of structured deposits managed by the company during the reporting period was significant, reflecting effective cash management strategies[172]. Employee Incentives - The company has implemented an employee stock incentive plan, with adjustments made to the 2016 and 2017 stock option plans[135]. - The stock option and restricted stock incentive plan is part of the company's strategy to enhance employee motivation and retention[199]. - The company approved the grant of 22.3041 million stock options to 300 participants on June 12, 2020[145]. - The total expenses from the 2017 and 2020 stock incentive plans amounted to 12.29 million yuan, accounting for 0.22% of the company's revenue[155].