STI(SZ:300416)2021-03-16 16:00Financial Performance - The company reported significant growth in revenue, with a year-on-year increase of 15% in 2020, reaching a total revenue of 1.2 billion RMB[25]. - The company's operating revenue for 2020 was approximately ¥1.18 billion, representing a 50.34% increase compared to ¥788 million in 2019[32]. - The net profit attributable to shareholders for 2020 was approximately ¥123 million, a 41.37% increase from ¥87 million in 2019[32]. - The net cash flow from operating activities reached approximately ¥248 million, showing a significant increase of 199.59% compared to ¥82 million in 2019[32]. - The basic earnings per share for 2020 was ¥0.61, up 41.86% from ¥0.43 in 2019[32]. - The company's net assets attributable to shareholders increased by 21.01% to approximately ¥1.02 billion from ¥845 million in 2019[32]. - The company achieved a revenue of ¥1,184,844,311.63, representing a year-on-year growth of 50.34%[51]. - The net profit attributable to ordinary shareholders was ¥123,411,572.68, an increase of 41.37% compared to the previous year[51]. - Revenue from environmental reliability testing services reached ¥463,251,666.28, marking a 26.51% increase[51]. - The company reported a quarterly revenue of approximately ¥368 million in Q4 2020, contributing to a total annual revenue growth[35]. Investment and Development - The company has allocated 200 million RMB for new product development and technological advancements in the upcoming fiscal year[15]. - The company plans to continue expanding its market presence and invest in new product development to sustain growth in the coming years[32]. - The company completed the development and production of key new products including a 120-ton large thrust vibration testing system and a new generation power amplifier during the reporting period[72]. - The company’s R&D investment reached 93,576,980.46 yuan, accounting for 7.90% of the total revenue, with a significant increase of 73.12% compared to the previous year[94]. - The company is focusing on integrating manufacturing and service capabilities to drive growth amid challenging economic conditions[50]. Market Expansion - The company plans to expand its market presence by establishing new subsidiaries in major cities, including Beijing and Guangzhou, to enhance service accessibility[11]. - The company is expanding its market presence in the automotive electronics sector through resource integration and cost optimization[50]. - The company is actively pursuing mergers and acquisitions to integrate high-quality projects and new business areas, leveraging its advantages in capital, technology, and brand[133]. - The company is focused on expanding its testing service network and improving production capacity through ongoing project developments[75]. Risk Management - The company is actively monitoring macroeconomic conditions to mitigate risks associated with funding and project implementation[15]. - The company is committed to improving its internal control systems to better manage operational risks associated with its growing scale[14]. - Competitive pressures are expected to intensify, with the company focusing on technological innovation to maintain market share[10]. Shareholder Returns - A cash dividend of 1.5 RMB per 10 shares will be distributed to shareholders, reflecting the company's commitment to returning value to investors[16]. - The total cash dividend amount for the year was RMB 30,506,108.85, representing 100% of the total distributable profit[140]. - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares (including tax) based on a total share capital of 203,374,059 shares, amounting to a total cash distribution of RMB 30,506,108.85[143]. - The net profit attributable to shareholders for 2020 was RMB 123,411,572.68, with a cash dividend payout ratio of 24.72%[151]. Technological Innovation - The company emphasizes technological innovation and aims to establish a leading position in testing technology through strategic research and development initiatives[132]. - The company has a comprehensive and sufficient technical reserve and continuous innovation capability, having developed a full range of electric vibration testing equipment with thrusts from 98N to 392kN[57]. - The company has accumulated a total of 339 valid patents, including 69 invention patents, enhancing its competitive advantage in the market[73]. Regulatory Compliance - The company has received multiple certifications including ISO9001:2015 and CNAS, ensuring quality management and laboratory recognition[68]. - The company’s profit distribution plan complies with relevant regulations and aims to provide reasonable returns to investors while ensuring long-term development[144]. - The company guarantees that any share reduction will not occur below the initial public offering price or the latest net asset value per share after the lock-up period[157]. Employee Engagement - The company has implemented an employee stock ownership plan, with a total of 3,134,068 shares allocated to eligible employees, enhancing employee engagement and company governance[183]. - The first batch of shares from the employee stock ownership plan had its lock-up period expire on November 7, 2020[186].