GSAFETY(SZ:300523)2021-03-24 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.78 RMB per 10 shares to all shareholders, based on a total of 232,637,638 shares[3]. - The total cash dividend distributed for 2020 is RMB 18,145,735.76, which represents 19.74% of the net profit[164]. - The cash dividend per 10 shares for 2020 is RMB 0.78, and no shares were issued as bonus shares[163]. - The company has maintained a consistent cash dividend distribution policy over the past three years, with 2018, 2019, and 2020 dividends being RMB 31,018,351.80, RMB 23,729,039.08, and RMB 18,145,735.76 respectively[164]. Financial Performance - The company's operating revenue for 2020 was ¥1,649,980,378.21, representing a 5.43% increase compared to ¥1,564,941,700.64 in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥91,939,550.63, a decrease of 25.57% from ¥123,531,034.17 in 2019[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,848,714.24, down 35.29% from ¥114,120,313.96 in 2019[15]. - The total assets at the end of 2020 were ¥3,029,842,315.34, an increase of 13.79% from ¥2,662,705,648.21 at the end of 2019[15]. - The company's revenue for the reporting period reached ¥1,649,980,378.21, with a net profit attributable to the parent company of ¥91,939,550.63, reflecting a year-on-year revenue growth of 5.43%[64]. - The gross profit margin for the software and information technology services sector was 39.08%, with a year-on-year increase of 5.44%[88]. Risk Management - The company has outlined potential risks in its future development outlook, which investors should pay attention to[3]. - The company recognizes the risk of revenue instability due to changes in the political and economic landscape of overseas markets, which may affect project execution and acceptance[149]. - The company emphasizes the importance of managing accounts receivable as its business scales, with potential increases in both the absolute value and collection periods[153]. Research and Development - The company maintains a stable R&D investment, emphasizing independent innovation and technological quality barriers[47]. - The company is focusing on R&D in natural disaster monitoring and risk assessment, launching new systems to support business expansion in these areas[79]. - The company invested 200 million RMB in R&D for new technologies, focusing on AI and big data analytics[177]. - The company has achieved a significant increase in capitalized R&D expenditures, with 25.56% of total R&D investment being capitalized in 2020[104]. Market Expansion - The company has expanded its business coverage to 32 provinces in China and over 10 national ministries, as well as markets in nearly 300 cities and regions, including countries along the Belt and Road Initiative[26]. - The company is actively expanding its market presence in Latin America, Africa, Southeast Asia, Central Asia, and West Asia, with successful applications along the "Belt and Road" initiative[48]. - The company is exploring potential acquisitions to enhance its market position, targeting firms with complementary technologies[176]. Compliance and Governance - The company emphasizes the importance of adhering to the disclosure requirements set by the Shenzhen Stock Exchange for software and information technology service businesses[3]. - The company has committed to ensuring that the prospectus does not contain false records, misleading statements, or major omissions, and will bear individual and joint legal responsibility for its authenticity, accuracy, completeness, and timeliness[182]. - The company guarantees compliance with commitments to protect the legal rights of Changan Technology, with a willingness to compensate for any losses incurred due to violations[172]. Operational Efficiency - The company has established a collaborative innovation center with several prestigious institutions to enhance its research and development efforts[8]. - The company is actively integrating its main products and services to accelerate domestic business development and promote a comprehensive emergency command center model[25]. - The company has established regional marketing centers and operational institutions across major areas to enhance market coverage and service efficiency[61]. Strategic Partnerships - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of 500 million RMB allocated for this purpose[173]. - A strategic partnership was formed with a leading tech firm to co-develop new solutions, expected to launch in Q3 2021[177]. Subsidiaries and Investments - The company added several subsidiaries during the reporting period, including GSAFETY DOMINICANA and GSAFETY CHILE SPA, contributing to its market expansion strategy[96]. - Major subsidiaries contributed significantly to the company's net profit, with Beijing Chanan Information Technology Co., Ltd. reporting a net profit of approximately ¥64 million, and Hefei Keda Lian'an Security Technology Co., Ltd. reporting a net profit of approximately ¥37.7 million[133]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[175]. - The company aims to enhance its core technology capabilities and project delivery capabilities by optimizing its product system and improving standardization in product delivery and application[144].