eGOVA(SZ:300075)2021-04-26 16:00Financial Performance - The company's operating revenue for 2020 was ¥1,413,997,067.60, representing a 12.44% increase compared to ¥1,257,538,949.54 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥158,660,177.22, which is a 21.39% increase from ¥130,702,321.60 in 2019[25]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥148,373,063.06, up 16.49% from ¥127,366,845.46 in 2019[25]. - The net cash flow from operating activities for 2020 was ¥225,694,815.35, an increase of 22.80% compared to ¥183,788,142.62 in 2019[25]. - The total assets at the end of 2020 were ¥4,057,269,438.91, a 30.47% increase from ¥3,109,817,326.14 at the end of 2019[25]. - The company reported a basic earnings per share of ¥0.35 for 2020, which is a 12.90% increase from ¥0.31 in 2019[25]. - The company achieved an annual revenue of ¥1,413,997,067.60, representing a year-on-year growth of 12.44%[77]. - The net profit attributable to shareholders was ¥158,660,177.22, which, after accounting for stock incentive expenses, translates to a net profit of ¥211,133,414.72, marking a 21.47% increase compared to the previous year[77]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.4 RMB per 10 shares based on a total of 481,497,305 shares[9]. - The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, totaling 19,259,892.20 yuan for the current fiscal year[197]. - The cash dividend represents 100% of the distributable profit, which amounts to 888,685,592.85 yuan[197]. - The cash dividend payout ratio for 2020 is 12.14% of the net profit attributable to ordinary shareholders, which is 158,660,177.22 yuan[199]. - The company did not issue any bonus shares or conduct any share buybacks during the reporting period[197]. - The company has consistently paid cash dividends over the past three years, with the most recent being 0.4 yuan per 10 shares for 2020[198]. - The cash dividend for 2019 was 0.4 yuan per 10 shares, totaling 17,246,320.20 yuan[198]. - The cash dividend for 2018 was 0.3 yuan per 10 shares, totaling 12,796,578.15 yuan[198]. - The company has a clear and transparent cash dividend policy, ensuring compliance with relevant regulations[197]. - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their legal rights[197]. Market and Competition - The company primarily relies on government procurement, which poses risks due to potential fiscal tightening and reduced investment in electronic government systems[5]. - The company faces intensified market competition as it expands its business in the rapidly developing smart city sector, which may impact market share and profit margins[6]. - The company aims to maintain its technological leadership and enhance marketing and localization capabilities to counter competitive pressures[6]. - The expected increase in China's smart city technology spending will reach $38.923 billion by 2023, with a compound annual growth rate of 14.2%[54]. - The company has maintained its position as the leader in the smart city management sector for several consecutive years, according to the China International Big Data Industry Expo's rankings[68]. Technological Innovation - The company has established a comprehensive knowledge management system to retain core technical personnel, crucial for product innovation and sustainable development[9]. - The company is focusing on technological innovation in urban management, enhancing applications in AI, big data, IoT, and blockchain[41]. - The company integrates modern technologies such as IoT, cloud computing, big data, and AI to enhance urban management efficiency and service quality[58]. - The company is focusing on the development of urban big data operation services, leveraging AI and various advanced technologies to improve service efficiency[98]. - The company is committed to upgrading its smart drainage supervision platform to address industry pain points and enhance management intelligence[179]. Urban Management and Projects - The company has established digital city management information platforms in over 200 cities and 1,000 districts, maintaining a leading market position[40]. - The urban comprehensive operation service platform aims to unify management across various government departments, improving problem detection and risk prevention at minimal costs[46]. - The company has developed a smart supervision platform for urban drainage systems, addressing key management challenges and enhancing public safety[49]. - The company has implemented over 3,000 smart city-related construction projects across hundreds of domestic cities, including major cities like Beijing, Shanghai, and Guangzhou[67]. - The company has successfully integrated the "Snow Bright Project" with grid-based applications in Liaocheng, enhancing social governance capabilities[88]. - The company has implemented social governance series products in over 100 cities and counties nationwide, establishing a leading position in the industry[85]. Research and Development - The company achieved a research and development (R&D) investment of approximately ¥93.68 million in 2020, representing 6.63% of its operating revenue[129]. - The company maintained a high R&D investment with a total of 93,682,249.80 CNY, representing 14.68% of the workforce dedicated to R&D[124]. - The number of R&D personnel decreased to 333 in 2020, accounting for 14.68% of the total workforce[129]. - The company obtained 52 new software copyrights during the reporting period, enhancing its intellectual property portfolio[124]. - The company obtained 8 new patents during the reporting period, enhancing its intellectual property portfolio[125]. Financial Management and Investments - The company has committed to investing CNY 37,810 million in the smart city project, with an investment progress of 77.40%[151]. - The total amount of funds raised for the projects is CNY 113,810 million, with CNY 53,810 million already invested[155]. - The company raised CNY 600,000 million in 2020 through a private placement, with a net amount of CNY 585,858.78 million after deducting fees[150]. - The company has made adjustments to its fundraising projects to improve capital efficiency and investment returns, reallocating funds to various smart city initiatives[165]. - The company has not encountered any significant changes in the feasibility of its investment projects[158].