Feitian(SZ:300386)2021-04-15 16:00Financial Performance - The company's operating revenue for 2020 was ¥898,489,702.93, a decrease of 4.38% compared to ¥939,620,454.48 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥62,699,489.31, down 30.51% from ¥90,234,261.13 in 2019[19]. - The net cash flow from operating activities decreased by 57.75% to ¥50,338,161.99 in 2020 from ¥119,156,859.73 in 2019[19]. - The basic earnings per share for 2020 was ¥0.15, a decline of 31.82% compared to ¥0.22 in 2019[19]. - The total assets at the end of 2020 were ¥2,048,682,223.97, an increase of 2.19% from ¥2,004,795,085.72 at the end of 2019[19]. - The company reported a significant reduction in non-recurring gains, impacting overall profitability[29]. - The total revenue for 2020 was ¥898,489,702.93, a decrease of 4.38% compared to ¥939,620,454.48 in 2019[53]. - Domestic revenue was ¥735,089,961.55, down 6.13% from ¥783,113,374.69 in 2019, while international revenue rose by 4.40% to ¥163,399,741.38[53]. Research and Development - The company aims to increase R&D investment to enhance innovation capabilities, despite rising labor costs and uncertainties in R&D activities[6]. - The overall R&D expenses significantly impact the company's profitability due to the increasing costs associated with R&D activities[6]. - The company plans to enhance its R&D efforts in the information security field, targeting new scenarios such as 5G, blockchain, and digital currency[33]. - The R&D budget has increased by 30%, reflecting the company's commitment to developing new technologies[39]. - The company has filed for 30 new patents related to secure transaction methods, indicating a strong focus on innovation[40]. - The company has a total of 1,381 authorized patents, including 1,050 invention patents, showcasing its strong technological capabilities[36]. - The company's R&D investment in 2020 amounted to ¥95,512,730.98, representing 10.63% of total revenue, an increase from 9.73% in 2019[73]. Market Strategy and Product Development - The company is focusing on maintaining its existing product market while developing new products and exploring new markets to cultivate new growth points[5]. - The company aims to expand its market presence through innovative product offerings and strategic partnerships[30]. - The company is committed to exploring new strategies for market expansion and potential mergers and acquisitions to enhance growth[5]. - The company has established a marketing service system globally, with a focus on sectors such as finance, government, and telecommunications[48]. - The company is actively exploring new strategies for market expansion and product development[131]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[40]. - The company successfully entered the national government service platform with its dynamic password authentication system in July 2020[30]. Financial Management and Investments - The company reported a total investment of 317,289,120.00, with a fair value change loss of -938,004.71, and a total income from investments of 20,964,381.00[88]. - The company reported a total investment of 14,000 million in low-risk financial instruments, achieving a yield of 4.03%[131]. - The company has maintained a low-risk investment strategy, with a focus on fixed-income products and market stability[140]. - The company achieved a return of 86.01 million from its investments in low-risk assets[133]. - The company plans to expand its investment portfolio into both domestic and international markets, focusing on bonds and currency markets[131]. - The company has allocated 10,000 million in low-risk investments with a floating interest rate of 3.45%[136]. - The company reported a return of 130.25 million from its self-owned funds in the market tools segment[136]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.2 yuan per 10 shares (including tax) based on a total of 418,044,000 shares[7]. - The cash dividend for the year was set at 0.2 yuan per 10 shares, totaling 8,360,880.00 yuan, representing 100% of the profit distribution[99]. - The total cash dividend for 2020 represented 13.33% of the net profit attributable to the shareholders of the listed company[104]. - The total number of shareholders at the end of the reporting period was 46,173, a decrease from 50,509 at the end of the previous month[152]. - The company has a stable profit distribution policy to ensure reasonable returns to shareholders, adhering to relevant laws and regulations for information disclosure[140]. Operational Challenges - The demand for USB Key and OTP products from banks is declining due to market saturation and intense competition, impacting the company's performance[5]. - The company has faced risks related to goodwill impairment, which could adversely affect its operating performance if the recoverable amount falls below the book value[7]. - The company's fixed assets decreased by 21.95% year-over-year, attributed to normal depreciation[34]. - The company reported a significant decrease in cash flow from operating activities, primarily due to a 14.72% increase in cash paid for goods and services[75]. Corporate Governance and Compliance - The board of directors has ensured the accuracy and completeness of the annual report, taking legal responsibility for any misstatements or omissions[3]. - The company has established a complete and independent governance structure, complying with relevant laws and regulations, with no reported violations[184]. - The company maintains independence in business, personnel, assets, institutions, and finance, ensuring no reliance on the controlling shareholder for operations[185][186]. - The company did not experience any bankruptcy reorganization during the reporting period[112]. - There were no significant penalties or rectification measures during the reporting period[116]. Employee Management - The total number of employees in the company is 967, with 666 in the parent company and 301 in major subsidiaries[178]. - The total employee compensation for 2020 amounted to 27.8993 million yuan, accounting for 5.16% of the total operating costs, an increase of 0.22% from the previous year[180]. - The company has implemented a performance management system to ensure fair and competitive compensation for employees[180]. - The company organized 43 internal training sessions with a total of 1,560 participants to enhance business knowledge and skills[181]. - The company has a total of 90 employees with a master's degree or higher, contributing to a skilled workforce[179].