ENJOYOR(SZ:300020)2021-04-27 16:00Financial Performance - The company's operating revenue for 2020 was approximately ¥2.14 billion, representing a 2.82% increase compared to ¥2.08 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥157.70 million, a 5.11% increase from ¥148.81 million in 2019[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥136.57 million, reflecting a 19.41% increase from ¥131.46 million in 2019[18]. - The total assets at the end of 2020 amounted to approximately ¥6.71 billion, a 3.72% increase from ¥6.31 billion at the end of 2019[18]. - The net assets attributable to shareholders increased to approximately ¥3.47 billion, up 5.52% from ¥3.29 billion in 2019[18]. - The basic earnings per share for 2020 was ¥0.24, a 4.35% increase from ¥0.23 in 2019[18]. - The company reported a negative cash flow from operating activities of approximately ¥91.49 million, an improvement from a negative cash flow of ¥120.08 million in 2019[18]. - The weighted average return on equity for 2020 was 4.65%, slightly up from 4.57% in 2019[18]. Revenue Breakdown - The revenue from smart transportation was CNY 1,009,863,325.67, accounting for 47.23% of total revenue, with a year-on-year growth of 3.30%[50]. - The revenue from smart healthcare reached CNY 333,984,017.51, which is 15.62% of total revenue, showing an increase of 11.38% compared to the previous year[50]. - The smart city segment generated CNY 771,669,858.63, making up 36.09% of total revenue, but experienced a slight decline of 1.04% year-on-year[50]. Research and Development - The company reported a total of 218 patents, including 164 invention patents, indicating a strong focus on technological innovation[30]. - Research and development (R&D) expenses amounted to 91,269,778.30 yuan, with a significant focus on projects like the HERO AI traffic control system and the Smart Security Platform[60][61]. - The total number of R&D personnel was 251 in 2020, accounting for 38.62% of the workforce[71]. Strategic Partnerships and Collaborations - The company established strategic partnerships with several organizations, including China Telecom and Zhejiang University, to enhance the digital governance platform[45]. - The company is collaborating with Huawei to develop a unified IoT management platform for hospitals, enhancing operational efficiency and reducing costs[67]. Market Presence and Expansion - The company has established a comprehensive marketing network across the country, enhancing its market presence in smart transportation and health sectors[28]. - The company is actively exploring new operational models and data service offerings in the healthcare sector, integrating AI into its services[47]. - The company is focusing on expanding its market presence through innovative technology solutions and strategic partnerships in urban governance[62]. Risk Management - The management identified several risks including policy risks, core personnel turnover risks, and risks related to the smart city business model[5]. - The company recognizes the risks associated with government policy changes and has strategies in place to select financially stable regions for business development[96]. - The company acknowledges the challenges of investment and acquisition risks and adopts a cautious investment strategy to mitigate potential issues[97]. Corporate Governance - The company has committed to avoiding any related party transactions that could harm its legal rights and interests, ensuring compliance with relevant laws and regulations[112]. - The company has ensured that all related party transactions will be conducted fairly and transparently, adhering to market principles[112]. - The board of directors confirmed that the non-standard audit opinion objectively reflects the company's actual situation[120]. Future Outlook - The company plans to raise 1 billion RMB through a private placement to enhance technology and industry upgrades, focusing on "urban brain" solutions and traffic AI governance projects[92]. - The company aims to enhance urban digital management through the integration of advanced technologies like AI, big data, and IoT, contributing to the development of smart cities[87]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[175]. Employee Management - The total number of employees in the company is 650, with 410 being technical personnel[184]. - The company has a comprehensive annual training plan covering various aspects including professional skills and management[187]. - The company follows a performance-based remuneration system for its directors and senior management[181]. Shareholder Information - The company’s total share capital as of the end of 2019 was 655,789,086 shares[103]. - The largest shareholder, Yinjing Technology Group, holds 18.39% of the shares, totaling 120,599,500 shares, which are pledged[158]. - The company has not issued any new securities during the reporting period[156].