Everfine(SZ:300306)2021-04-22 16:00Financial Performance - The company's operating revenue for 2020 was ¥402,334,959.30, a decrease of 3.73% compared to ¥417,933,907.15 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥71,538,919.93, down 41.89% from ¥123,116,327.27 in 2019[26]. - The net profit after deducting non-recurring gains and losses was ¥49,436,190.36, a decrease of 32.89% from ¥73,669,369.75 in 2019[26]. - The basic earnings per share for 2020 was ¥0.26, a decline of 40.91% compared to ¥0.44 in 2019[26]. - The total assets at the end of 2020 were ¥1,620,782,848.81, an increase of 1.76% from ¥1,592,771,923.18 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥1,426,482,262.53, up 1.70% from ¥1,402,570,140.78 at the end of 2019[26]. - The net cash flow from operating activities for 2020 was ¥116,582,205.76, a decrease of 30.78% from ¥168,412,517.76 in 2019[26]. - The weighted average return on equity for 2020 was 4.96%, down from 8.72% in 2019, a decrease of 3.76%[26]. - The net profit attributable to shareholders of the listed company for 2020 was CNY 4,017,912.44, a decrease from CNY 34,841,365.24 in 2019, representing a decline of approximately 88.5%[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,502,875.94, compared to CNY 19,760,493.62 in 2019, indicating a decrease of about 87.3%[29]. - The net cash flow from operating activities was negative CNY 26,355,986.39, a significant decline from positive CNY 30,320,289.66 in 2019[29]. Investment and R&D - The company recognized a long-term equity investment impairment of CNY 45.53 million for its investment in He Yi Gene due to significant business decline and cash flow issues[6]. - R&D investment reached 71.49 million yuan, accounting for 17.77% of the company's operating revenue[63]. - The company holds over 180 patents in the field of optical detection, including 60 invention patents, showcasing its strong R&D capabilities[39]. - The company has actively participated in the formulation of nearly 40 international and domestic standards or technical specifications, enhancing its industry influence[39]. - The company has established multiple high-level innovation platforms, including a provincial enterprise research institute and a post-doctoral research workstation, to foster continuous innovation[39]. - The company is focusing on optimizing its human resources planning to attract and retain talent, addressing the risk of talent shortages[10]. - The company plans to maintain a high proportion of R&D investment to develop new products and technologies, aiming to keep its products and technologies at an internationally advanced level[120]. Market Position and Strategy - The company reported a stable development in its intelligent detection and identification business, maintaining a relatively high gross margin despite increasing market competition[5]. - The company aims to enhance its market competitiveness through continuous R&D investment and by exploring niche markets in intelligent detection[5]. - The company is positioned to capitalize on the growing demand for domestic equipment in the new display measurement sector amid international uncertainties[42]. - The company has expanded its market presence in the intelligent detection sector, optimizing product structure and improving quality[58]. - The company intends to strengthen its marketing network and improve customer relationship management to increase market share in various sectors[121]. - The company will focus on the "big detection" direction and actively seek projects related to intelligent detection across various industries[118]. - The company emphasizes the importance of "big data" and plans to utilize accumulated data from its "big detection" platform for greater benefits[118]. Corporate Governance and Compliance - The company has experienced challenges in managing its internal structure and governance due to the growth in asset and personnel scale, necessitating improvements in management practices[9]. - The company is actively enhancing its corporate governance and internal control systems to improve operational efficiency and compliance with regulatory requirements[68]. - The management emphasized the importance of compliance and governance, ensuring all operations align with regulatory standards to mitigate risks[135]. - The company has maintained strict adherence to commitments regarding the authenticity of information provided during the restructuring process[132]. - The company has established a clear strategy for future growth, focusing on market expansion and technological advancements[138]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 1.66 per 10 shares to all shareholders, based on a total of 268,958,778 shares[13]. - The cash dividend for the year is set at 1.66 RMB per 10 shares, totaling 44,647,157.15 RMB, which represents 97.97% of the total profit distribution[125]. - The total cash dividend amount for 2020, including other methods, was 44,647,157.15, which also accounted for 62.41% of the consolidated net profit[130]. - The cash dividend payout ratio for 2020 indicates a strong return to shareholders amidst positive earnings[130]. - The company did not propose a cash dividend distribution plan for the year 2019, despite having positive distributable profits[130]. Legal Matters and Risks - The company is actively involved in legal proceedings regarding its investment in Hui Jing Technology, which has faced significant operational challenges[12]. - The company faces risks related to policy changes in its main business areas, particularly in the transportation sector, which is heavily influenced by government regulations[8]. - The company has a total of 1,483.53 million RMB involved in other litigation cases that do not meet the disclosure standards for major lawsuits[147]. - The company is currently involved in an administrative review process regarding penalties imposed on its subsidiary, indicating ongoing legal matters[137]. Share Structure and Ownership - The total number of shares decreased from 274,374,306 to 268,958,754 due to the repurchase and cancellation of 5,415,528 restricted shares[186]. - The largest shareholder, Pan Jiangen, holds 29.77% of the shares, totaling 80,067,960 shares, with no changes during the reporting period[195]. - The second-largest shareholder, Hangzhou Yuanfang Changyi Investment Co., Ltd., holds 18.88% of the shares, totaling 50,767,560 shares, with no changes during the reporting period[195]. - The company has a total of 13,418 common shareholders at the end of the reporting period, down from 13,545 at the end of the previous month[195]. - The company’s stock structure has seen a decrease in the number of shares due to the repurchase and cancellation of shares, impacting the overall shareholder distribution[193].