Huijin(SZ:300368)2021-04-16 16:00Financial Performance - The company's operating revenue for 2020 was ¥1,359,149,249.46, representing a 60.56% increase compared to ¥846,521,153.95 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥64,525,836.24, up 44.65% from ¥44,607,320.75 in 2019[20]. - The net profit after deducting non-recurring gains and losses was ¥48,855,547.72, a 50.36% increase from ¥32,492,104.27 in 2019[20]. - The total assets at the end of 2020 reached ¥3,537,860,713.77, an 80.24% increase from ¥1,962,911,167.04 at the end of 2019[21]. - The basic earnings per share for 2020 was ¥0.1213, reflecting a 44.58% increase from ¥0.0839 in 2019[21]. - The company reported a net cash flow from operating activities of -¥435,227,337.27, which is a 223.87% decline compared to -¥134,384,799.82 in 2019[20]. - In 2020, the company's total revenue reached ¥1,360,849,249.46, representing a year-on-year increase of 61.31%[78]. - The information technology comprehensive solution business generated ¥684,104,570.64, accounting for 50.33% of total revenue, with a significant growth of 86.08% compared to the previous year[78]. - The supply chain business revenue surged by 211.00% to ¥448,732,343.07, increasing its share of total revenue from 17.04% to 33.02%[89]. - The smart manufacturing business experienced a decline of 32.36%, with revenue falling to ¥226,312,335.75, reducing its contribution to total revenue from 39.53% to 16.65%[89]. Business Expansion and Strategy - The company is expanding into new business areas such as smart manufacturing, data centers, and supply chain management, but faces risks related to market acceptance and insufficient customer accumulation[7]. - The company is actively pursuing market expansion strategies, although the success of new business ventures remains uncertain due to competitive pressures[7]. - The company aims to enhance its technology and service network to accelerate growth in non-banking sectors[32]. - The company aims to transition from subcontractor to general contractor in data center operations, enhancing its market position[34]. - The company is focusing on expanding its non-banking business areas, including new retail self-service terminals and government self-service terminals[32]. - The company is focusing on digital infrastructure and smart city solutions as key growth areas, aiming to leverage opportunities in digital transformation[56]. - The company has established a comprehensive service system covering 32 provincial capitals and municipalities, providing 7x24 hour service response[45]. - The company has made significant adjustments to its sales structure, focusing on four major business segments: smart manufacturing, information system integration, data center services, and supply chain services[89]. Research and Development - The company has achieved significant R&D results, with many protected by patents and software copyrights, but risks exist regarding technology leakage and loss of core technical personnel[9]. - The company is focusing on R&D in artificial intelligence and blockchain technologies to adapt to the evolving financial landscape[35]. - The company has developed a strategic partnership with major firms like Huawei and IBM, enhancing its service capabilities in information technology solutions[47]. - The company completed the development of an intelligent small seal control system aimed at enhancing efficiency and reducing risks associated with seal usage[96]. - The company has successfully developed a document digitization management system using RFID technology, enhancing the efficiency of document management[97]. - The company has completed the development of a smart shared book disinfection cabinet, which has expanded its market share in the disinfection cabinet sector[98]. - The smart office service terminal project aims to enhance office automation and efficiency, with products ready for mass production[98]. - The intelligent cash processing system project has been completed, enhancing the competitiveness of the company's cash sorting product line[100]. Financial Management and Governance - The company's board of directors has confirmed the accuracy and completeness of the annual report, ensuring accountability for the financial statements presented[4]. - The company has implemented a quality management system certified by ISO9001, ISO14001, and other standards, ensuring high-quality production and service[46]. - The company ensures the independence of its financial department and accounting system[151]. - The company maintains independent assets and does not allow any illegal occupation of its funds or assets by other entities[151]. - The company has established a complete and independent organizational structure to ensure proper governance[152]. - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period[149]. - The company will ensure that related transactions are conducted at fair market prices and comply with relevant laws and regulations[154]. Risks and Challenges - The company's goodwill on the consolidated balance sheet is valued at 352.1249 million yuan, indicating potential impairment risks if acquisitions do not achieve expected synergies or market competition intensifies[6]. - The company acknowledges risks associated with declining demand for cash-related products due to the rise of financial technology, which has impacted profit margins in certain product lines[7]. - The company emphasizes the importance of effective integration of acquired businesses to mitigate goodwill impairment risks and enhance operational performance[6]. - The company reported a credit impairment loss of CNY -21,728,387.39, which is -13.17% of total revenue, indicating challenges in receivables collection[114]. Shareholder and Dividend Information - The company reported a cash dividend of 0.17 yuan per 10 shares (including tax) based on a total of 528,943,475 shares, with no bonus shares issued[9]. - The cash dividend for 2020 is set at 0.17 yuan per 10 shares, totaling 8,992,039.08 yuan distributed to shareholders[140]. - The total cash dividend, including other methods, amounts to 33,401,506.4 yuan, representing 20.99% of the total profit distribution[143]. - The company will not conduct capital reserve transfers or issue bonus shares in the 2020 profit distribution plan[144]. - The cash dividend amount in 2020 was 64,525,836.24, representing 13.94% of the net profit attributable to ordinary shareholders[148]. - The cash dividend amount in 2019 was 44,607,320.75, which accounted for 20.16% of the net profit attributable to ordinary shareholders[148]. - The cash dividend total for 2020, including other forms, was 51.76% of the net profit attributable to ordinary shareholders[148]. Legal and Compliance Matters - The company is currently involved in a pending lawsuit against Wuxi Xiding Technology Co., Ltd. with a claim amount of 631,250 RMB[194]. - The company completed a share repurchase program, acquiring 3,000,000 shares, representing 0.56% of the total share capital, at a total cost of approximately 24.41 million RMB[199]. - The share repurchase was conducted between February 13 and March 9, 2020, with prices ranging from 7.64 RMB to 8.50 RMB per share[199]. - The company has implemented an employee stock ownership plan approved by the board on February 9, 2020[198]. - The integrity status of the company and its controlling shareholders is reported to be good, with no significant debts overdue[197].