SuperMap(SZ:300036)2021-03-24 16:00Financial Performance - The company's operating revenue for 2020 was ¥1,610,047,437.17, a decrease of 7.20% compared to ¥1,735,021,983.34 in 2019[34]. - Net profit attributable to shareholders for 2020 was ¥234,671,059.96, an increase of 7.12% from ¥219,079,157.24 in 2019[34]. - The net profit after deducting non-recurring gains and losses was ¥221,229,715.88, up 13.12% from ¥195,569,305.16 in 2019[34]. - The company's cash flow from operating activities for 2020 was ¥229,598,212.18, a 4.35% increase from ¥220,037,062.97 in 2019[34]. - Basic earnings per share for 2020 was ¥0.52, representing a 6.12% increase from ¥0.49 in 2019[34]. - The company's total revenue for Q1 2020 was approximately $221.6 million, with a significant increase to $652.3 million by Q4 2020, indicating strong growth throughout the year[114]. - Net profit attributable to shareholders for Q3 2020 reached approximately $103.1 million, while Q4 2020 saw a slight decrease to $89.9 million, reflecting seasonal fluctuations in business[114]. - The company's revenue from GIS software in 2020 was approximately $1.59 billion, representing a year-over-year decrease of 7.13%[117]. - The gross margin for GIS software was reported at 57.57%, which is an increase of 3.11% compared to the previous year[117]. - The company reported a decrease in operating costs by 13.48% year-over-year, totaling approximately $675.2 million in 2020[122]. Assets and Liabilities - Total assets at the end of 2020 were ¥3,584,908,028.11, an increase of 17.08% from ¥3,061,994,412.98 at the end of 2019[34]. - The company's equity assets decreased by 21.66% compared to the beginning of the year, mainly due to losses from invested enterprises[60]. - The company's intangible assets decreased by 0.84% compared to the beginning of the year, indicating stable asset management[60]. - The total amount of capitalized R&D expenses for the year 2020 reached ¥63,283,834.26, with multiple software products in the development stage[139]. - The total assets amounted to CNY 3,255,659,761.30, with a total liability ratio of 100%[154]. - Long-term borrowings decreased by 53.90% year-on-year, primarily due to repayment of maturing loans[154]. - Deferred income increased by 522.98% compared to the beginning of the year, mainly due to government subsidies received during the period[154]. Research and Development - R&D expenses for 2020 totaled approximately $252.7 million, accounting for 15.70% of total revenue, indicating a focus on innovation[134]. - The total number of R&D personnel was 1,324, representing 35.19% of the workforce, indicating a strong emphasis on research and development[135]. - The company has established a comprehensive R&D system to ensure the accuracy of capitalized expenses[140]. - The company has established a lean and agile R&D management system with over 60,000 automated test programs to ensure product quality[47]. - The company launched the SuperMap GIS 10i (2020) series, enhancing its GIS technology capabilities across various sectors[134]. Market Expansion and Strategy - The company aims to enhance brand promotion and expand market space, particularly targeting government sectors and overseas markets[11]. - The company plans to continue expanding its market presence and invest in new product development[40]. - The company is committed to expanding its international market presence, particularly through its wholly-owned subsidiary, SuperMap International[50]. - The company is poised to leverage opportunities in "new infrastructure" and "self-innovation" strategies over the next five to ten years, aiming for sustained performance growth[82]. - The company is actively promoting overseas GIS education, receiving 274 submissions from 129 schools across 59 countries for its online training courses[96]. - The company is leveraging the strategic opportunity of the "Belt and Road" initiative to enhance its international strategy and local team operations[96]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 10 million allocated for potential mergers[200]. Project Management and Operations - The company’s project business, which is the main source of revenue, accounts for over 50% of total revenue, highlighting the importance of effective project management[12]. - The company plans to strengthen project management systems to ensure timely and quality project delivery, thereby improving customer satisfaction[12]. - The company is focused on maintaining effective management of numerous projects to mitigate risks of delivery delays and quality decline[189]. - The company has established a mechanism for monitoring and collecting accounts receivable to mitigate the risk of bad debts[13]. - The company has established a mechanism for accounts receivable reconciliation and collection, analyzing the nature, aging, and amount of receivables regularly[192]. Innovation and Technology - The company emphasizes the need for continuous technological research and business model innovation to maintain competitive advantages[8]. - The company has a strong focus on innovation in core GIS technologies, including big data, artificial intelligence, and distributed systems[47]. - The company successfully integrated 3D GIS with game engines, launching SuperMap Scene SDKs 10i (2020) for Unreal Engine and Unity, marking a significant technological breakthrough[84]. - The company launched the 3D National Land Space Basic Information Platform 1.0, marking a comprehensive upgrade from 2D to 3D in natural resource management[88]. - The company is advancing its Geo-Blockchain technology, integrating blockchain with GIS to enhance data security and traceability across multiple sectors[87]. Customer Engagement and User Growth - The company has over 1.15 million free users for its public mapping service and more than 200,000 enterprise customers on its platform[55]. - User data showed an increase in active users, with a total of 1.2 million users, representing a 15% growth compared to the previous year[200]. - The management emphasized the importance of enhancing customer engagement strategies to improve retention rates by 5%[200]. Corporate Governance and Ethics - The company has implemented a strict anti-corruption policy and established a whistleblower system to strengthen ethical standards among employees[106]. - The company has not identified any impairment indicators for goodwill assets as of the reporting period, but remains vigilant regarding potential future risks[193].