FPT(SZ:300256)2021-06-27 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥8,298,157,995.16, representing a 30.81% increase from ¥6,343,779,354.54 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥119,148,343.32, a decrease of 31.62% compared to ¥174,250,984.93 in 2019[24]. - The net cash flow from operating activities for 2020 was ¥70,474,367.82, down 43.56% from ¥124,872,355.14 in 2019[24]. - The total assets at the end of 2020 were ¥10,712,173,725.02, an increase of 6.06% from ¥10,100,291,511.49 at the end of 2019[24]. - The basic earnings per share for 2020 was ¥0.12, a decline of 33.33% from ¥0.18 in 2019[24]. - The company achieved total revenue of CNY 829,815.80 million in 2020, representing a year-on-year growth of 30.81%[70]. - The net profit attributable to shareholders decreased by 31.62% to CNY 11,914.83 million compared to the previous year[70]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,253.85 million, down 28.62% year-on-year[70]. Market Expansion and Strategy - The company plans to invest 200 million RMB in R&D for new product development in 2021, focusing on advanced display technologies[18]. - Future outlook indicates a projected revenue growth of 20% for 2021, driven by market expansion and new product launches[18]. - The company is expanding its market reach into Southeast Asia, targeting a 15% market share by the end of 2022[18]. - The company plans to expand its market presence in consumer electronics, automotive electronics, and medical devices[35]. - The company aims to enhance market competitiveness by integrating existing businesses and products, focusing on a "one-stop solution provider" strategy for smart terminal components[133]. - The company is focusing on developing new products and technologies, including 3D cover glass and anti-glare enhanced transparency window protection screens[56]. - The company aims to expand its market share and enhance sales performance by actively developing new business areas and deepening cooperation with existing high-quality customers in the consumer electronics sector[139]. Research and Development - The company is focused on the research and development of new products, including wearable device protective screens and automotive protective screens[35]. - The company invested approximately ¥303.48 million in R&D in 2020, accounting for 3.66% of its operating revenue[101]. - The number of R&D personnel increased to 1,351 in 2020, representing 15.44% of the total workforce[101]. - The company is in the trial production phase for several R&D projects, including foldable touch screens and OLED display modules[95]. - The company aims to enhance product competitiveness through differentiated technology routes in flexible CPI cover production[95]. - The company will invest significantly in R&D for flexible OLED and large-size TFT display modules, smart automotive precision components, and curved cover plates to improve product competitiveness and industry position[138]. Operational Efficiency and Management - The company emphasizes employee training and quality management, linking production staff compensation to product quality to enhance efficiency and reduce costs[44]. - The company plans to enhance operational efficiency and optimize organizational structure, aiming for cost control, timely delivery, and quality improvement, with a focus on key terminal customers and expanding into flexible folding touch and display, biometric recognition, and automotive electronics[136]. - The company will strengthen its management team and optimize talent structure to meet the demand for high-level talent due to market expansion, focusing on both internal training and external recruitment[140]. - The company will continue to promote automation in production processes, introducing automated systems and equipment to improve product quality and reduce labor costs[137]. Risks and Challenges - The company has identified risks related to technological innovation and market competition, which will be addressed through strategic planning[5]. - The company faces risks related to technological innovation and product development, emphasizing the need for continuous R&D investment to maintain competitive advantage[144]. - The ongoing COVID-19 pandemic has caused delays in operations and logistics, potentially impacting short-term performance[150]. - The company is actively monitoring policy risks and will adjust its operations to mitigate potential impacts from macroeconomic changes and policy adjustments[149]. Financial Management and Investments - No cash dividends will be distributed to shareholders for the fiscal year 2020, as the company aims to reinvest profits into growth initiatives[5]. - The company has not proposed any cash dividend distribution plans for the past three years due to significant unrecouped losses from 2018[161]. - The company plans to enhance its financial structure by optimizing financing channels and reducing costs through improved receivables management[149]. - The company has committed to tracking project progress closely to manage operational risks effectively[148]. - The company reported a net loss from investment income of ¥28.37 million, which constituted -64.82% of total profit[106]. - The company experienced a significant asset impairment loss of ¥217.39 million, representing -496.66% of total profit[106]. Business Segments and Products - The company has three main business segments: window protective screens, touch display modules, and precision structural components[35]. - The window protective screen business utilizes a direct sales model, allowing for continuous communication with customers and customized production based on specific orders, minimizing excess inventory[44]. - The touch display business has established stable procurement channels and evaluates suppliers based on multiple criteria, ensuring quality and timely supply of raw materials[45]. - The precision structural components are primarily used in consumer electronics, with production tailored to customer specifications, emphasizing quality and performance[49]. - The revenue from window protection screen products reached CNY 1,541.57 million in 2020, representing a year-on-year growth of 42.61%[72]. - The revenue from touch display module products was CNY 2,507.85 million, with a significant year-on-year increase of 97.33%[73]. - The structural components business generated CNY 3,947.99 million in revenue, reflecting a year-on-year growth of 12.80%[74]. Corporate Governance and Compliance - The company has established a commitment to ensure that its financial personnel do not hold dual positions within related enterprises[165]. - The company is ensuring that its assets and operations remain independent from those of its controlling entities[165]. - The company is committed to maintaining a complete and independent governance structure to avoid any institutional confusion with its controlling entities[165]. - The company has confirmed that all commitments made regarding related party transactions and competition avoidance are being fulfilled[176]. - The company will compensate for any economic losses caused by violations of commitments made by its controlling shareholders[176].