NEWU(SZ:300472)2021-04-28 16:00Financial Performance - The company reported a net loss attributable to shareholders due to goodwill impairment, primarily from the acquisition of Qingtou Intelligent, influenced by the COVID-19 pandemic and intensified market competition [5]. - The company's operating revenue for 2020 was ¥442,756,052.26, a decrease of 8.88% compared to ¥485,881,377.19 in 2019 [30]. - The net profit attributable to shareholders for 2020 was -¥370,508,165.33, representing a decline of 703.15% from a profit of ¥61,428,932.25 in 2019 [30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥387,532,143.22, a decrease of 1,182.64% compared to -¥30,213,572.23 in 2019 [30]. - The net cash flow from operating activities was -¥78,404,847.18, a decline of 220.93% from ¥64,837,183.42 in 2019 [30]. - The basic earnings per share for 2020 was -¥1.82, down 727.59% from ¥0.29 in 2019 [30]. - The total assets at the end of 2020 were ¥1,427,632,688.03, a decrease of 9.56% from ¥1,578,618,827.05 at the end of 2019 [30]. - The net assets attributable to shareholders decreased by 35.38% to ¥696,871,571.79 from ¥1,078,377,942.45 at the end of 2019 [30]. - The weighted average return on net assets was -41.88% in 2020, down 47.18% from 5.30% in 2019 [30]. - The company reported a significant decline in both revenue and profit, indicating challenges in its operational performance [30]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years [30]. Market and Competition - The company faces risks from intense market competition, particularly from international high-end equipment manufacturers and domestic competitors increasing R&D investments [11]. - The company acknowledges potential risks from macroeconomic fluctuations that could impact the demand for intelligent equipment manufacturing [12]. - The ongoing COVID-19 pandemic has posed challenges, but the company has implemented measures to minimize its impact on operations [18]. - The company recognizes the risks of rapid industry changes and market competition, emphasizing the need for continuous product development and innovation [145]. - The company operates in the intelligent equipment manufacturing industry, which is experiencing rapid growth, but faces risks from macroeconomic fluctuations and external pressures, potentially impacting future performance [146]. Strategic Initiatives - The company is focused on the intelligent equipment manufacturing industry, aligning with national policies that support the development of smart manufacturing, which is expected to have a positive market outlook [7]. - The company plans to enhance its profitability by improving R&D capabilities, expanding product lines, and developing new business areas, including a project for recycling used tires [9]. - The company is investing in a project for recycling used tires, which is expected to align with its strategic development but carries risks related to market conditions and raw material prices [15]. - The company is focused on expanding its business in the digital intelligent equipment sector, which includes products like intelligent display control equipment and intelligent robots [41]. - The company aims to strengthen its position in the intelligent equipment manufacturing sector by investing in digital communication and IoT technologies [144]. - The company is actively developing a circular economy strategy through its waste tire recycling smart factory project [95]. Research and Development - The company has established a research team with 273 technical personnel, accounting for 45.42% of the total workforce, focusing on enhancing core technological competitiveness in communication transmission and digital technology [86]. - The company has achieved significant technological advancements in the field of waste tire resource utilization, particularly in the intelligent equipment for waste tire pyrolysis carbon black, with multiple patents applied for [79]. - The company holds 178 patents and 245 software copyrights, indicating a strong emphasis on research and development capabilities [87]. - The company is committed to increasing R&D investment to enhance its core technology advantages and expand into new industries [96]. - R&D expenditure in 2020 was approximately ¥41.37 million, representing 9.34% of operating revenue, an increase from 7.39% in 2019 [125]. Product Development - The company has diversified its product offerings into five categories, including intelligent conveying and batching equipment, green environmental protection equipment, and intelligent special equipment [42]. - The company has developed five types of intelligent robots, which are currently in the application promotion stage, showcasing a diverse range of products and application scenarios [81]. - The company has developed a comprehensive digital system for smart cities, with projects initiated in Guizhou and Jiangxi, focusing on digital governance and smart infrastructure [121]. - The intelligent cracking device recycles materials to produce cracking oil, carbon black, and gas, contributing to the circular economy in the rubber tire industry [54]. - The company has introduced a multi-functional HD video encoder that supports up to 16 channels of 1080P60 encoding, enhancing broadcasting capabilities [49]. Financial Management - The company reported a significant non-recurring loss in the fourth quarter, primarily due to a net profit loss of -390,051,523.58 yuan after deducting non-recurring gains and losses [33]. - The company has established a comprehensive service network centered in Beijing, ensuring rapid response to customer issues within 12 hours domestically and 7 days internationally [92]. - The company has signed significant sales contracts, including a construction contract for the Fuling Big Data Application Center project valued at CNY 303 million, with revenue recognized in the current period amounting to CNY 65.69 million [109]. - The company reported a total procurement amount from the top five suppliers of CNY 89.56 million, which accounts for 26.68% of the annual procurement total [117]. - The company has maintained compliance with accounting standards, with no significant discrepancies reported between international and Chinese accounting standards during the reporting period [34]. Future Outlook - The company provided a performance guidance for 2021, expecting a revenue growth of 10% to 12% [172]. - New product launches included a state-of-the-art smart device, projected to contribute an additional 200 million RMB in revenue in 2021 [173]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023 [174]. - The company plans to invest 300 million RMB in new technology development over the next two years [176]. - The company aims to reduce operational costs by 5% in 2021 through efficiency improvements [171].