BOTON TECHNOLOGY(SZ:300031)2021-04-23 16:00Financial Performance - In 2020, Wuxi Boton Technology achieved a revenue of CNY 2.638 billion, representing a year-on-year growth of 6.56%[9] - The net profit attributable to shareholders reached CNY 437 million, an increase of 43.18% compared to the previous year[9] - The company has maintained a compound annual growth rate (CAGR) of 22.70% in revenue and 22.16% in net profit since its listing[9] - The profit distribution plan approved by the board is to distribute a cash dividend of 3 RMB per 10 shares, based on a total of 385,104,121 shares[19] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 25% compared to the previous year[30] - The company's operating revenue for 2020 was ¥2,637,922,427.09, representing a 6.56% increase from ¥2,475,616,071.21 in 2019[41] - The net profit attributable to shareholders in 2020 was ¥436,763,840.98, a 43.18% increase compared to ¥305,042,137.26 in 2019[41] - The total assets at the end of 2020 were ¥4,766,405,298.60, an 18.56% increase from ¥4,020,280,526.69 at the end of 2019[41] - The company reported a net cash flow from operating activities of ¥277,767,132.94 in 2020, a decrease of 26.62% from ¥378,539,424.52 in 2019[41] Business Expansion and Market Presence - Industrial internet business overseas revenue accounted for over 45% of total revenue for the first time in 2020[10] - The company is expanding its international presence, targeting markets in Japan, Europe, Australia, and South America[10] - The company is actively expanding into international markets, with direct supply client business increasing from 0.21% in 2014 to 84% in 2020[142] - The company aims to enhance brand image and accelerate overseas trademark registration to integrate into local cultures[14] - The company is focusing on expanding its market share in Japan and Europe, with revenue from these markets increasing from 5% to over 35%[154] Innovation and Technology Development - The company plans to focus on innovation-driven strategies and aims to become a global leader in intelligent conveying services by 2025[13] - The company is focused on developing new products and technologies, including intelligent conveyor monitoring systems[14] - The company aims to build a digital ecosystem for bulk material transportation by integrating new technologies such as 5G and artificial intelligence[59] - The company is leveraging digital technologies to enhance product innovation, operational intelligence, and ecological industrial systems, thereby improving its core competitiveness[81] - The company is investing in AR/VR/XR technologies, having developed multiple game demos compatible with these platforms[157] Research and Development - By the end of 2020, the company held 91 software copyrights and 116 authorized patents, including 66 invention patents[11] - The company has established high-level R&D platforms, including the "National High-Performance Conveyor Belt New Materials and Advanced Manufacturing Engineering Laboratory," to drive technological innovation and product development[125] - The company has 61 ongoing R&D projects, with 21 in progress and 40 completed, showcasing its technological innovation capabilities[134] - The R&D investment accounted for 2.76% of total operating revenue, up from 2.07% in the previous year[175] Sustainability and Corporate Responsibility - The company is committed to sustainable development, focusing on the research and commercial application of green rubber formulas and energy-saving products[14] - The company is committed to reducing the environmental impact of its products, including addressing recycling issues for retired products[80] - The company is integrating environmental protection measures and energy-saving technologies into its production processes to reduce pollution and energy consumption[81] Strategic Partnerships and Collaborations - The company signed a 5-year framework agreement with BHP, becoming the main supplier of conveyor belts for BHP's global mining operations[10] - The company has established long-term partnerships with domestic and international research institutions, resulting in 47 new invention patents and 23 new utility model patents accepted during the reporting period, bringing the total authorized patents to 122, including 68 invention patents and 54 utility model patents[123] - The company has formed strategic partnerships with universities and research institutions, resulting in 13 internationally advanced achievements and 7 provincial-level technology progress awards[128] Operational Efficiency and Governance - The company will continue to optimize its governance structure to improve operational efficiency and risk control[14] - The company will strengthen governance and risk management capabilities through enhanced oversight by the board and financial centers[14] - The company emphasizes the importance of risk awareness and digital transformation to navigate complex international environments[15] Gaming and Mobile Internet Business - The company launched 18 new game products in 2020, with a total of 71 games still online by December 31, 2020, serving approximately 150 countries and regions[158] - The mobile game IP market generated over ¥100 billion in revenue for the first time in 2020, with core users exceeding 150 million[109] - The company has established a strong presence in over 130 countries and regions with 250 games released globally[92] - The company has received multiple awards, including "Top 10 Overseas Expansion Game Enterprises" for three consecutive years, enhancing its brand recognition[135] Financial Investments and Capital Management - The company reported an investment income of ¥123,771,492.00, contributing 23.77% to the total profit[183] - The company raised a total of 49,169 million through convertible bonds, with 37,828.26 million already utilized[197] - The actual net fundraising amount after deducting underwriting and other fees is 49,169 million[197] - The company made a significant equity investment of ¥326,935,000.00 in Yanzhou Coal Mining Company, acquiring a 35.43% stake[191]