迪森股份(300335) - 2020 Q4 - 年度财报

Financial Performance - The company's net cash flow from operating activities decreased by 27.79% compared to the same period last year[6]. - The net profit for the year dropped by 60.35% year-on-year, primarily due to the impact of the pandemic on client operations and increased accounts receivable[6]. - The company's operating revenue for 2020 was ¥1,562,624,073.93, representing a 6.96% increase compared to ¥1,460,955,401.39 in 2019[16]. - The net profit attributable to shareholders decreased by 60.35% to ¥32,525,519.18 in 2020 from ¥82,037,786.30 in 2019[16]. - The net profit after deducting non-recurring gains and losses was ¥47,028,135.20, down 26.74% from ¥64,195,176.50 in the previous year[16]. - Basic earnings per share fell by 60.87% to ¥0.09 in 2020 from ¥0.23 in 2019[16]. - The total assets at the end of 2020 were ¥3,312,267,307.04, a decrease of 2.26% from ¥3,388,899,349.53 at the end of 2019[16]. - The weighted average return on equity was 2.15%, down 3.35% from 5.50% in 2019[16]. - The company reported a net loss of ¥17,177,865.62 in Q1 2020, followed by a recovery in Q2 and Q3, but ended the year with a loss in Q4[20]. - The company achieved operating revenue of CNY 1,562.62 million, an increase of 6.96% compared to the same period last year[49]. - The net profit attributable to shareholders decreased by 60.35% to CNY 32.53 million, while the net profit after deducting non-recurring items fell by 26.74% to CNY 47.03 million[49]. - The net cash flow from operating activities was CNY 309.61 million, down 27.79% year-on-year[49]. Dividend Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) based on a total of 362,838,038 shares[6]. - In 2020, the company distributed cash dividends of RMB 54,425,705.70, which is 43.29% of the total distributable profit of RMB 208,750,947.56[115]. - The cash dividend amount was 54,425,705.70, representing 167.33% of the net profit attributable to ordinary shareholders[121]. - The total cash dividend, including other methods, reached 90,366,741.62, which is 277.83% of the net profit attributable to ordinary shareholders[121]. - The company has committed to maintaining a minimum cash dividend ratio of 80% during profit distribution, given its mature development stage and lack of major capital expenditure plans[115]. Operational Challenges - The report indicates that some B-end operational clients faced significant operational difficulties, leading to asset impairment and increased disposals[6]. - The company has identified risks related to accounts receivable collection due to the impact of the pandemic, which may adversely affect cash flow and operational performance[111]. - The company will continue to monitor the operational status of its projects closely to prevent asset impairment and disposal losses due to client performance issues[111]. Future Outlook and Strategy - The company has highlighted potential risks in its future plans and development strategies, urging investors to be cautious[6]. - The company anticipates a rebound in the Chinese economy in 2021, despite facing risks such as global economic slowdown and geopolitical tensions[101]. - The company aims to enhance its position as a "clean energy comprehensive service provider," focusing on clean energy products and services[106]. - The company plans to invest in the construction of a clean energy boiler production project with an annual capacity of 20,000 tons, utilizing funds raised from convertible bonds[108]. - The company intends to increase R&D investment, focusing on energy-saving products such as steam generators and new air conditioning systems[107]. Environmental Commitment - The company is committed to complying with the disclosure requirements of the Shenzhen Stock Exchange regarding energy-saving and environmental protection services[6]. - The company’s clean energy solutions are designed to integrate various energy sources, ensuring efficient and environmentally friendly energy use[26]. - The company has implemented a low nitrogen combustion and selective non-catalytic reduction (SNCR) system for flue gas treatment, with two boilers equipped with waste gas treatment facilities[162]. - The company has made significant investments in environmental protection, including the installation of online monitoring systems and third-party testing for emissions[171]. Research and Development - The company has established a comprehensive R&D, production, sales, and after-sales service system, enhancing its market position in the gas wall-mounted boiler sector[38]. - Research and development expenses rose by 12.51% to 38,000,589.92 CNY, representing 2.43% of total revenue[70]. - The company has developed a new series of wall-mounted boilers, the Shuxin series-L0, which features intelligent flame adjustment technology for energy efficiency[30]. - The company has identified a significant market opportunity in the indoor air quality sector, driven by increasing consumer awareness and regulatory standards[105]. Corporate Governance and Compliance - The board meeting was attended by all directors, ensuring the report's approval and accuracy[6]. - The company guarantees the authenticity and completeness of the information provided for the transaction, assuming legal responsibility for any inaccuracies[123]. - The company has committed to avoiding related party transactions with significant influence on its operations, ensuring fairness and market-based pricing[124]. - The company has maintained compliance with its commitments since their inception in May 2011[124]. Market Position and Sales - The company operates in the thermal technology sector, focusing on energy efficiency and environmental solutions[12]. - The company's sales network covers major domestic and international markets, utilizing a diversified approach including retail, engineering, and e-commerce[29]. - The E2B segment contributed CNY 848.92 million, accounting for 54.33% of total revenue, while the E2C segment saw a significant increase of 19.68% to CNY 696.92 million, representing 44.60% of total revenue[56]. - The company's revenue from the Northern region increased by 46.69% to CNY 528.29 million, making up 33.81% of total revenue[56]. Investment and Financing - The company raised a total of 600 million yuan from the public offering of convertible bonds, with a net amount of 588.56 million yuan after deducting issuance costs[91]. - The company plans to invest CNY 280 million in the construction of the Disen Incubator Park project, aimed at fostering high-level talent and innovation[52]. - The company has not changed the use of raised funds, and the remaining funds are stored in a dedicated account for future operational needs[90]. Social Responsibility - The company has a commitment to social responsibility, actively participating in community support and charitable activities[158]. - The company donated a total of 35,000 RMB to the Guangdong Education Foundation and 50,000 RMB to the Huangpu District Charity Association in 2020[158].