Feiliks(SZ:300240)2021-04-19 16:00Financial Performance - In 2020, the company faced challenges due to the COVID-19 pandemic, resulting in a decline in revenue and net profit in Q1 compared to the previous year[4]. - The company's operating revenue for 2020 was ¥3,708,509,558.46, representing a 14.56% increase compared to ¥3,237,160,394.33 in 2019[19]. - The net profit attributable to shareholders was -¥8,246,209.35, a decrease of 126.37% from ¥31,269,149.89 in the previous year[19]. - The net cash flow from operating activities increased significantly to ¥264,121,406.32, up 359.31% from ¥57,503,531.79 in 2019[19]. - The total assets at the end of 2020 were ¥2,827,184,717.77, a 10.21% increase from ¥2,565,223,830.76 at the end of 2019[19]. - The basic earnings per share for 2020 was -¥0.02, down 122.22% from ¥0.09 in 2019[19]. - The company reported a significant increase in government subsidies, totaling ¥61,275,978.44 in 2020, compared to ¥31,783,599.37 in 2019[25]. - The company experienced a decline in net profit after deducting non-recurring gains and losses, with a figure of -¥60,059,055.59 in 2020 compared to ¥3,882,957.03 in 2019, a decrease of 1,646.74%[19]. - The weighted average return on equity was -0.71% in 2020, down from 2.79% in 2019[19]. - The company reported a quarterly revenue of ¥1,155,308,930.85 in Q4 2020, marking the highest quarterly revenue for the year[22]. - The total net assets attributable to shareholders at the end of 2020 were ¥1,169,957,180.51, a slight increase of 0.29% from ¥1,166,524,224.73 at the end of 2019[19]. - The company reported a total non-operating income of 51,812,846.24, with a significant increase compared to previous periods[26]. Business Strategy and Operations - The company implemented measures to accelerate recovery, including cost control and enhancing accounts receivable management, leading to a business rebound in Q2[4]. - Overall, the company's business gradually optimized and steadily recovered in the second half of 2020, supported by effective domestic pandemic control[4]. - The company focuses on integrated supply chain management, providing logistics solutions that enhance efficiency and reduce costs for clients[28]. - The logistics services include vendor-managed inventory (VMI) and distribution center (DC) management, aimed at optimizing inventory turnover and minimizing costs[30]. - The company offers CKD (Completely Knocked Down) management, which involves packaging raw materials and components for delivery to specified locations, thereby reducing costs[31]. - The company has developed a logistics management service that includes warehouse management, production line support, and after-sales logistics, enhancing overall supply chain efficiency[33]. - The company emphasizes data-driven decision-making and aims to become a leader in smart supply chain management[28]. - The logistics solutions provided are designed to ensure timely supply while maintaining low inventory levels, thus achieving just-in-time (JIT) supply[31]. - The company has established a comprehensive logistics service that integrates upstream suppliers and downstream brand owners, creating a flexible supply chain ecosystem[29]. - The company aims to expand its market presence through continuous optimization of its logistics services and innovative solutions[28]. - The company provides customized logistics solutions, including quality inspection, personalized rework, and supply chain management services[34]. - The company operates international logistics services covering over 50 countries and regions, with more than 30 long-term agency partnerships[35]. - The company ranks 4th in China's international freight forwarding logistics warehousing revenue and 12th in total revenue among private international freight forwarding logistics companies in 2019[40]. - The company has developed six target industry solutions, focusing on IT manufacturing, automotive parts, smart manufacturing equipment, precision instruments, medical devices, and express consumer goods[36]. - The company has been recognized as a leading logistics enterprise and received multiple awards for its contributions during the COVID-19 pandemic[41]. Risk Management - The company identified several risks, including global IT manufacturing downturn, management risks from expansion, and potential impacts from the pandemic on future performance[5]. - The company is taking steps to manage exchange rate risks by increasing direct settlements with foreign clients and utilizing forward foreign exchange contracts[138]. - The company is addressing potential policy risks by closely monitoring regulatory changes and diversifying into non-bonded business areas[138]. - The company is implementing measures to mitigate risks associated with cross-industry development and new business expansion, including standardizing logistics products and services[135]. - The company is enhancing its internal control and financial management to support its expanding operations and mitigate management risks associated with increased branch offices[137]. Research and Development - The company has invested approximately 152 million RMB in R&D over the past three years, with an average annual R&D investment accounting for about 1.50% of operating revenue[47]. - The company has a stable R&D team with an average of over 220 personnel in the past three years, focusing on logistics information systems and high-end logistics services[45]. - The company is committed to increasing investment in information technology research and development to meet the digitalization and intelligence trends in the manufacturing supply chain logistics industry[133]. - The company plans to enhance its logistics capabilities and management level by increasing investment in intelligent supply chain research and development, particularly in response to the growth of 5G and cloud economy[143]. Market Expansion - The company aims to enhance its supply chain management capabilities in response to the growing demand from China's manufacturing sector[38]. - The company is focused on transforming its growth model from quantity-driven to quality-driven, aligning with the "Made in China 2025" strategy[38]. - The company is actively developing cross-border land transport services between China and ASEAN countries, leveraging the RCEP agreement for growth opportunities[71]. - The company is enhancing its brand visibility through media coverage and participation in industry events, including being featured in a national report on smart logistics[62]. - The company aims to continue exploring new business areas and operational models within the electronic information manufacturing industry while leveraging its supply chain management experience in other related intelligent manufacturing sectors[133]. Corporate Governance - The company has established multiple communication channels with investors, including online performance briefings and investor relations platforms[185]. - The company has a stable financial policy, contributing to its governance structure[185]. - The company is committed to fulfilling its social responsibilities and enhancing corporate governance[185]. - The company has maintained a commitment to employee rights and welfare, ensuring a safe and healthy work environment[186]. - The company has established a charity fund, donating a total of 120,000 RMB to various charitable projects in 2020[186]. Shareholder Information - The company did not distribute cash dividends for the fiscal year 2020 due to a negative net profit, with retained earnings carried forward to the next year[150]. - The cash dividend policy remains unchanged, with a clear distribution standard of CNY 0.20 per 10 shares for the years 2018 and 2019, totaling CNY 7,311,195 each year[149]. - The company’s cash dividend total for 2020 was CNY 0, representing 0.00% of the total distributable profit of CNY 171,131,812.52[149]. - The company has a total share count of 365,559,750, with 361,600,204 shares (98.93%) being unrestricted and 3,959,546 shares (1.07%) being restricted[193]. - The largest shareholders include Kunshan Yatong Automotive Maintenance Service Co., Ltd. and Kunshan Feida Investment Management Co., Ltd., each holding 13.89% of shares, totaling 50,790,000 shares[198].