WYZK(SZ:300420)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was CNY 1,631,563,723.56, representing a 26.34% increase compared to CNY 1,291,377,836.40 in 2019[21]. - The net profit attributable to shareholders decreased by 4.49% to CNY 148,416,990.20 in 2020 from CNY 155,397,825.80 in 2019[21]. - The net cash flow from operating activities was negative at CNY -29,562,035.87, a decline of 204.75% compared to CNY 28,221,016.60 in 2019[21]. - The total assets increased by 40.92% to CNY 3,948,351,406.49 at the end of 2020 from CNY 2,801,808,195.43 at the end of 2019[21]. - The company reported a basic earnings per share of CNY 0.18, down 18.18% from CNY 0.22 in 2019[21]. - The company achieved total revenue of ¥1,631,563,723.56, representing a year-on-year growth of 26.34%[52]. - The net profit attributable to shareholders decreased by 4.49% to ¥148,416,990.20, while the net profit excluding non-recurring items fell by 10.32% to ¥130,688,927.73[52]. - Revenue from the mechanical parking equipment segment was ¥1,003,938,292.17, accounting for 61.53% of total revenue, with a year-on-year increase of 22.86%[52]. - The mechanism sand mixing station business generated revenue of ¥151,675,349.10, up 33.21%, contributing 9.30% to total revenue[53]. - The warehouse logistics segment saw a significant revenue increase of 336.93%, reaching ¥145,798,917.41[53]. - The parking investment and operation segment reported revenue of ¥63,905,263.33, a staggering growth of 1,135.51%[54]. Cash Flow and Investments - The company aims to improve cash flow management by enhancing accounts receivable collection efforts and customer credit management[8]. - The company reported a net cash flow from financing activities of 638,335,757.74 yuan, reflecting a 155.34% increase compared to 2019[75]. - The company raised a total of RMB 759,999,575.07 through a non-public offering of 143,126,097 shares at RMB 5.31 per share, with net proceeds of RMB 751,352,183.89 after deducting fees[85]. - The company has committed to invest RMB 80,000 million in various projects, with a total of RMB 75,135.22 million allocated to specific projects as of the reporting date[89]. - The company has successfully completed the replacement of RMB 1,487.33 million of pre-invested funds with raised funds for the R&D Center Construction Project[89]. Research and Development - The company is focusing on integrated investment and operation of parking lots while enhancing R&D for new products and technologies[7]. - The company is focusing on R&D for intelligent warehouse management systems and automated storage equipment control systems to enhance logistics automation[32]. - R&D expenses accounted for 6.27% of total sales revenue, with a focus on new technologies and products[55]. - The company applied for 91 patents during the reporting period, including 28 invention patents, and held a total of 372 valid patents by the end of the period[55]. - Research and development expenses increased by 40.15% to ¥102,371,881.35, attributed to increased investment in R&D[71]. Market Strategy and Expansion - The company has a strategic focus on expanding its customer base and service areas through mergers and acquisitions[5]. - The company aims to become an integrated service provider for smart city parking investment, construction, and operation, leveraging its manufacturing advantages[31]. - The company is currently developing a no-power comb tooth tower to enhance competitiveness in high-rise parking systems[73]. - The company is focusing on the integration of smart parking solutions, including electronic payments and digital management services, to enhance operational efficiency[98]. - The company plans to leverage big data applications for parking management, including congestion warnings and space reservations, as part of its smart city initiatives[98]. Corporate Governance and Compliance - The company has maintained compliance with all commitments made by its actual controllers and shareholders during the reporting period[112]. - The company has no violations regarding external guarantees during the reporting period[138]. - The company has established a fair performance evaluation and incentive mechanism, linking senior management compensation to performance[193]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of financial information[194]. - The company has no related party transactions that compromise the interests of shareholders, ensuring independent decision-making[192]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 519.77 million[185]. - The company employed a total of 1,691 staff, with 932 in production, 266 in sales, 310 in technical roles, 35 in finance, and 148 in administration[187]. - The company has established a comprehensive training system, focusing on technical personnel training and sales staff business training in 2020[189]. - The company’s management team has undergone significant changes, with multiple key positions filled by new appointees as of November 16, 2020[172]. - The company’s current management includes professionals with significant experience in finance and engineering, enhancing its operational capabilities[173].