依米康(300249) - 2020 Q4 - 年度财报

Financial Performance - In 2020, the company achieved total operating revenue of 1,345.76 million yuan, with a net profit attributable to shareholders of the listed company at -166.01 million yuan[5]. - The net profit after deducting non-recurring gains and losses decreased by 157.68 million yuan year-on-year, primarily due to increased credit impairment losses, asset impairment losses, and a decline in gross profit margin[5]. - The company's operating revenue for 2020 was CNY 1,345,760,248.92, representing a 14.11% increase compared to CNY 1,179,354,900.26 in 2019[20]. - The net profit attributable to shareholders for 2020 was a loss of CNY 166,013,357.91, a significant decline of 5,164.11% from a profit of CNY 3,278,236.16 in 2019[20]. - The net cash flow from operating activities was negative CNY 16,821,564.74, a decrease of 148.48% compared to CNY 34,695,680.90 in the previous year[20]. - The basic earnings per share for 2020 was negative CNY 0.3795, down 5,160.00% from CNY 0.0075 in 2019[20]. - The total assets at the end of 2020 amounted to CNY 2,884,136,561.37, reflecting a 2.59% increase from CNY 2,811,358,815.34 at the end of 2019[20]. - The net assets attributable to shareholders decreased by 21.09% to CNY 619,366,948.66 from CNY 784,875,842.28 in 2019[20]. - The company's weighted average return on equity for 2020 was negative 23.64%, a decline of 24.05% from 0.41% in 2019[20]. - The company reported a significant increase in losses, with the net profit after deducting non-recurring gains and losses being negative CNY 186,956,485.56 in 2020[20]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to the negative net profits reported in recent years[20]. Revenue Breakdown - Revenue from the information data sector reached 1,102.82 million CNY, representing a year-on-year growth of 50.29%, while revenue from the environmental governance sector declined by 14.72% to 196.23 million CNY[56]. - Revenue from the information data sector was ¥1,102,817,183.40, accounting for 81.95% of total revenue, with a significant year-on-year growth of 50.29%[77]. - Revenue from the environmental governance sector decreased by 14.72% to ¥196,231,440.21, down from ¥230,109,939.22 in the previous year[77]. Operational Strategy - The company plans to strengthen accounts receivable management and enhance credit control over customers to improve performance[5]. - The company has shifted its focus from the healthcare sector to information data and environmental governance, providing comprehensive solutions for data centers[29][30]. - The company aims to provide lifecycle solutions for data center infrastructure, including design, energy-saving technology, and operational services[30]. - The company has established a comprehensive service capability across the entire data center and information infrastructure industry chain, providing one-stop services from equipment to software and from architecture construction to service[50]. - The company is expanding its cloud computing data center smart operation and maintenance services, enhancing its marketing and service capabilities[49]. - The company has focused on the information data sector by divesting its healthcare business, allowing for a concentrated resource allocation[59]. Research and Development - The company has a strong focus on R&D, with over a hundred patented technologies and a recognized national enterprise technology center[40]. - The company achieved significant breakthroughs in new product development, including the SGA series for small data centers and the launch of the Yiyun series outdoor intelligent integrated cabinet, which is now ready for mass production[64]. - The company has developed new atmospheric pollution control technologies, including low-temperature SCR denitrification and dry desulfurization, which have already secured orders[72]. - Research and development expenses amounted to ¥61,468,069.89, representing 4.57% of operating revenue, a decrease from 5.39% in 2019[92]. Market Position and Growth - The data center market in China has seen an average annual growth rate of over 30% in the past five years, with over 315,000 racks in use by the end of 2019[33]. - The company has successfully served multiple data center projects, including those for major clients like GuoHua and Tencent, enhancing its experience in cloud computing and data center management[34]. - The company is positioned to benefit from the increasing demand for data center services and the growth of the IDC industry[147]. - The IDC industry in China reached approximately 87.8 billion RMB in market revenue in 2019, with a compound annual growth rate of about 26% over the past three years, and is expected to reach around 150 billion RMB in 2021[147]. Financial Management and Risks - The company has implemented various effective measures to ensure business continuity during the COVID-19 pandemic, including phased resumption of work and online training for staff[59]. - The company faces risks related to project delays due to funding adjustments from clients and the impact of the pandemic on construction schedules[155]. - The company has accumulated a provision for bad debts of 237.92 million yuan by the end of the reporting period[158]. - The company has recognized the risk of goodwill impairment from past acquisitions and plans to conduct thorough due diligence on investment projects[159]. Corporate Governance and Compliance - The company has committed to avoid engaging in any competing business with Yijin Environmental for five years following the completion of the asset acquisition, which is currently being adhered to[170]. - The company has pledged to minimize or avoid related party transactions with Yimikang and its subsidiaries, and this commitment is being fulfilled normally[171]. - The company has confirmed that its commitments and guarantees will remain effective until it no longer holds 5% or more of the shares[173]. - The company has not reported any violations of its commitments regarding competition and conflicts of interest since its IPO[173]. Legal Matters - The company has ongoing litigation cases, with a total of 1,380.64 million yuan involved in disputes[190]. - The company has faced a total of 843.23 thousand yuan in claims as defendants, with ongoing litigation in several cases[189]. - The company has successfully executed a judgment to recover 985.73 thousand yuan from a previous case, with further enforcement actions pending[188]. - The company is actively involved in litigation management and has reported on the progress of various cases in its financial disclosures[187].