亿通科技(300211) - 2020 Q4 - 年度财报

Financial Performance - The revenue from cable television equipment accounted for 47.49% of total operating income, a decrease of approximately 31.23% compared to the same period last year[5]. - In 2020, the company's operating revenue was CNY 81,373,967.58, a decrease of 17.73% compared to CNY 98,908,656.53 in 2019[22]. - The net profit attributable to shareholders increased by 45.52% to CNY 9,230,675.01 in 2020, up from CNY 6,343,025.01 in 2019[22]. - The net profit after deducting non-recurring gains and losses was CNY 5,110,807.02, representing a 30.18% increase from CNY 3,925,902.02 in 2019[22]. - The net cash flow from operating activities decreased by 52.83% to CNY 36,322,966.88 in 2020, down from CNY 77,004,604.46 in 2019[22]. - Basic earnings per share rose by 45.24% to CNY 0.0305 in 2020, compared to CNY 0.0210 in 2019[22]. - Total assets at the end of 2020 were CNY 506,651,984.72, a decrease of 3.06% from CNY 522,642,322.97 at the end of 2019[22]. - The net assets attributable to shareholders decreased by 4.39% to CNY 457,824,590.41 at the end of 2020, down from CNY 478,861,512.70 at the end of 2019[22]. - The company reported a weighted average return on equity of 1.98% in 2020, an increase from 1.31% in 2019[22]. - The company achieved a total operating revenue of 81.37 million yuan in 2020, a decrease of 17.73% compared to the previous year[58]. - Operating profit increased by 51.21% to 10.80 million yuan, while total profit rose by 47.74% to 10.73 million yuan[58]. - Net profit attributable to ordinary shareholders was 9.23 million yuan, reflecting a growth of 45.52% year-on-year[58]. Dividend Policy - The company plans to distribute a cash dividend of 0.06 yuan per 10 shares to all shareholders, based on a total of 302,675,973 shares[9]. - The company reported a net profit of CNY 9,230,675.01 for the year 2020, with a profit distribution plan approved to distribute CNY 1,816,055.84 in cash dividends, amounting to CNY 0.06 per 10 shares[138]. - The total distributable profit available for shareholders as of December 31, 2020, was CNY 95,248,643.05, with a cash dividend payout ratio of 19.67% of the net profit[139]. - The company maintained a consistent cash dividend policy, with the cash dividends for 2019 being CNY 30,267,597.30, which represented 477.18% of the net profit for that year[139]. - The company did not issue any bonus shares or increase capital reserves during the reporting period, indicating a focus on cash dividends[135]. - The total cash dividend amount for 2020 was fully distributed, with no other forms of distribution such as share buybacks[134]. Market Strategy and Expansion - The company is focusing on expanding its market presence both domestically and internationally, particularly in the intelligent video surveillance sector[6]. - The company recognizes the need to adjust its market sales strategy in response to customer network construction demands[7]. - The company is committed to continuous product innovation and optimizing structural design to maintain market competitiveness[7]. - The company is focusing on expanding its intelligent monitoring engineering services and enhancing project management capabilities[41]. - The company plans to continue leveraging its advantages in the cable TV industry to expand into intelligent monitoring services[71]. - The company is actively involved in the construction of a comprehensive public safety network, aligning with national safety development goals[44]. Research and Development - The company aims to enhance its core technology capabilities in new products and increase R&D efforts to mitigate market risks[6]. - The company has established a technical center for product R&D, focusing on independent development and technology collaboration[35]. - The company has initiated multiple R&D projects focused on new technologies and products, including a high-bandwidth low-latency EoC system[66]. - Research and development expenditure totaled 7.09 million yuan, accounting for 8.71% of operating revenue[66]. - The company obtained 3 utility model patents and 6 design patents during the reporting period, enhancing its core competitiveness[67]. Risks and Challenges - The company faces risks related to declining gross profit margins due to increased competition and rising raw material costs[7]. - The company acknowledges the challenges in the broadcasting industry, including slow development of new business chains and user attrition[5]. - Risks include insufficient business expansion capabilities, declining product gross margins, and potential bad debts from accounts receivable[123]. - The company recognizes the risk of insufficient new business expansion and plans to accelerate market expansion and new product development[126]. - The company is at risk of losing key technical personnel, which could impact its innovation capabilities[127]. Financial Management - The company will implement measures to strengthen credit management and accounts receivable management to reduce the risk of bad debts[9]. - The company is committed to improving its internal control management system to enhance operational efficiency and reduce production costs[120]. - The company reported a decrease in financing income from project installment payments of 1.18 million yuan, down 91.93% year-on-year[41]. - The company's financial expenses increased by 28.78% year-on-year, primarily due to reduced interest income from deposits and long-term receivables[88]. - The company achieved a total income from bank financial products and structured deposits of 5.61 million yuan, an increase of 2.68 million yuan year-on-year[41]. Corporate Governance - The actual controller and shareholders of Jiangsu Yitong High-Tech Co., Ltd. have strictly fulfilled their commitments during the reporting period, with no violations reported[140]. - The company has maintained compliance with relevant laws and regulations, ensuring that all commitments made by board members and management are strictly adhered to[142]. - The company’s independent directors and supervisory board expressed agreement with the profit distribution plan, emphasizing its alignment with the company's long-term development strategy[135]. - The company has not faced any major litigation or arbitration matters during the reporting period[150]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[149].