润欣科技(300493) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥1,386,737,662.48, a decrease of 4.37% compared to ¥1,450,109,005.36 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥45,024,904.35, representing a significant increase of 53.43% from ¥29,345,234.09 in 2019[24]. - The net cash flow from operating activities decreased by 67.54% to ¥87,526,526.82 in 2020, down from ¥269,677,211.45 in 2019[24]. - The company achieved a basic earnings per share of ¥0.09 in 2020, up 50% from ¥0.06 in 2019[24]. - Total assets increased by 11.84% to ¥1,089,363,341.28 at the end of 2020, compared to ¥974,077,992.97 at the end of 2019[24]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥45,649,629.41, an 84.64% increase from ¥24,723,319.52 in 2019[24]. - Total revenue for the year was 1.387 billion yuan, a decrease of 4.37% year-on-year; net profit attributable to shareholders was 45.025 million yuan, an increase of 53.43% year-on-year[41]. - The company achieved a net profit of 45.6496 million yuan after deducting non-recurring gains and losses, representing an increase of 84.64% year-on-year[41]. Dividend Policy - The company reported a cash dividend of 0.3 RMB per 10 shares (including tax) based on a total of 486,568,962 shares[12]. - The cash dividend for 2020 is set at RMB 0.30 per 10 shares, totaling RMB 14,597,068.86, which represents 100% of the total profit distribution[98]. - The company has maintained a stable profit distribution policy, ensuring compliance with relevant regulations and protecting minority shareholders' rights[98]. - In 2020, the cash dividend amount for ordinary shareholders was CNY 14,597,068.86, representing 32.42% of the net profit attributable to ordinary shareholders[100]. - In 2019, the cash dividend amount for ordinary shareholders was CNY 9,541,379.24, which accounted for 32.51% of the net profit attributable to ordinary shareholders[100]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[101]. Market and Operational Risks - The company faces market risks due to potential downturns in the aforementioned sectors, which could adversely affect its operating performance[5]. - Inventory risks are heightened by the rapid product cycle and increasing competition in the IC industry, which may lead to unsold inventory and potential write-downs[6][7]. - The company is exposed to foreign exchange risks related to the import of IC products and overseas sales, particularly with currencies like USD and HKD[10]. - The ongoing global pandemic has impacted the IC supply chain, and if it continues, it may hinder recovery in semiconductor and consumer electronics markets, negatively affecting the company's performance[12]. - Future performance may be influenced by significant fluctuations in the operating conditions of major customers, which could lead to reduced procurement of the company's products[8]. Research and Development - The company plans to continue expanding its presence in wireless communication, RF components, and MEMS sensors, targeting applications in smart homes and electric vehicles[34]. - The company has expanded its R&D and main business to include customized wireless IoT chips, acoustic and smart wearable chips, and sensor chip design, enhancing its capabilities in semiconductor application design[41]. - The company plans to invest in micro-energy harvesting and ultra-low power chip development over the next three years[57]. - Research and development expenses increased by 13.09% to ¥27,187,891.08 in 2020[57]. - Research and development investment in 2020 amounted to ¥27.19 million, representing 1.96% of total revenue, an increase from 1.66% in 2019[60]. Customer and Supplier Relationships - The company emphasizes the importance of stable relationships with upstream IC design manufacturers for its sustained development[8]. - The top five customers accounted for 34.85% of total sales, with the largest customer contributing ¥138,526,510.57, or 9.99% of total sales[55]. - Total procurement from the top five suppliers was ¥976,950,831.13, representing 71.74% of total procurement[56]. Financial Management and Investments - The company received government subsidies amounting to ¥3,000,635.81 in 2020, which contributed to its financial performance[29]. - Long-term equity investments decreased by 83.75% compared to the end of the previous year, primarily due to the transfer of equity investment in Bo Si Da (Hong Kong) Co., Ltd. during the reporting period[35]. - Fixed assets decreased by 20.10% compared to the end of the previous year, mainly due to depreciation[35]. - Cash and cash equivalents increased by 88.82% compared to the end of the previous year, primarily due to the receipt of equity transfer payments from Bo Si Da (Hong Kong) Co., Ltd.[35]. - The company reported a total of RMB 126,331,894.61 in financial assets at the end of the period, with a decrease of RMB 16,083.43 due to fair value changes[69]. Corporate Governance - The company has retained Ernst & Young Hua Ming as its auditor, with an audit fee of 920,000 RMB, and the firm has been providing services for 14 years[114]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[187]. - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring transparency and fairness in operations[185]. - Independent directors attended 7 board meetings, with 2 in person and 5 via communication, and attended 1 shareholders' meeting[191]. - No objections were raised by independent directors regarding company matters during the reporting period[192]. Employee and Social Responsibility - The total number of employees in the company is 160, with 142 in the parent company and 18 in major subsidiaries[179]. - The company actively fulfills its social responsibilities, donating RMB 40,000 to support poverty alleviation efforts in Yunnan Province in 2020[138]. - The company maintains a commitment to employee rights and health, providing training to enhance employee skills[136]. - The company has implemented online training programs due to the pandemic, focusing on professional skills and internal processes[182].