GL TECH(SZ:300480)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was ¥311,304,368.15, representing a 4.94% increase compared to ¥296,641,365.05 in 2019[31]. - The net profit attributable to shareholders for 2020 was ¥59,351,717.70, up 5.76% from ¥56,120,714.04 in 2019[31]. - The net profit after deducting non-recurring gains and losses was ¥51,165,209.92, reflecting a 10.67% increase from ¥46,232,620.58 in 2019[31]. - The total assets at the end of 2020 amounted to ¥937,292,995.51, a 4.27% increase from ¥898,946,582.89 at the end of 2019[31]. - The net assets attributable to shareholders increased by 4.77% to ¥772,468,306.96 at the end of 2020 from ¥737,265,967.77 at the end of 2019[31]. - The company reported a basic earnings per share of ¥0.24 for 2020, up 4.35% from ¥0.23 in 2019[31]. - The cash flow from operating activities for 2020 was ¥49,890,575.59, a decrease of 13.75% compared to ¥57,842,331.45 in 2019[31]. - The company achieved a total revenue of CNY 311.30 million in 2020, representing a year-on-year increase of 4.94% compared to CNY 296.64 million in 2019[87]. - The net profit attributable to shareholders was CNY 59.35 million, reflecting a year-on-year growth of 5.76%[85]. Investment and Acquisitions - The company has made significant acquisitions, including the full acquisition of "LP" and "LPB" companies, and a stake in Israel's ADT, the world's third-largest dicing equipment manufacturer[8]. - The company has executed three overseas acquisitions to strategically position itself in the semiconductor equipment sector, enhancing its competitive edge[52]. - The company completed the acquisition of the remaining 30% equity of LP and LPB, making them wholly-owned subsidiaries, which enhanced operational management efficiency[79]. - The company has acquired two UK semiconductor companies and an Israeli company, ADT, enhancing its competitive edge in the semiconductor packaging equipment sector[66]. - The acquisition of a 10.71% stake in Advanced Microelectronics has been completed, increasing the company's total ownership to 26.02%, positioning it as the second-largest shareholder[155]. Research and Development - The company has increased its R&D investment, obtaining multiple invention patents, and aims to enhance its core technology and product innovation capabilities[12]. - The company invested ¥41,668,812.33 in R&D, marking a 4.97% increase from the previous year[101]. - The company’s R&D personnel accounted for 45.06% of the workforce in 2020, slightly up from 43.71% in 2019[105]. - The company has developed several new semiconductor equipment, including a 12-inch dual-axis fully automatic dicing machine, which significantly improves production efficiency[102]. - The company is focusing on the development of high-performance, high-precision air spindles for semiconductor slicing machines, with an emphasis on improving collaboration between domestic and international R&D teams[146]. Market Strategy and Operations - The company is actively enhancing its group management system to improve control and collaborative management capabilities across different regions and industries[7]. - The company is focusing on risk management strategies to mitigate potential impacts from macroeconomic changes and market environment fluctuations[13]. - The company is focused on expanding its market presence through the development of new technologies and products, including a wireless device intelligent business platform for underground monitoring[102]. - The company is implementing a comprehensive ERP system to manage data flow and business operations more effectively, aligning with its strategic goals[151]. - The company plans to enhance its technical service network nationwide and expand into Taiwan for the promotion of the 8230 model, contingent on pandemic conditions[143]. Financial Policies and Shareholder Commitments - The company plans to not distribute cash dividends or issue bonus shares for the year 2020 to enhance long-term development capabilities and maximize shareholder interests[13]. - The decision to retain profits in 2020 is aimed at supporting the company's long-term development and capital needs for its IoT and semiconductor manufacturing projects[168]. - The company’s profit distribution policy is designed to balance long-term interests and sustainable development for all shareholders[168]. - The company has made commitments to avoid any competitive activities with its existing and future business[193]. - The company will ensure compliance with all relevant laws and regulations regarding shareholder actions and disclosures[186]. Operational Challenges and Future Outlook - The company is focusing on enhancing its management innovation capabilities to improve operational efficiency and maximize benefits across its subsidiaries[74]. - The company plans to strengthen its semiconductor business in response to potential challenges from Western countries' technology restrictions and trade sanctions in 2021[138]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion yuan[179]. - Future guidance includes a commitment to sustainable practices, with a goal to reduce carbon emissions by 30% over the next five years[179]. - The management emphasized the importance of maintaining strong financial health, with a target operating margin of 15% for the upcoming year[179].