Boss Soft(SZ:300525)2021-04-22 16:00Financial Performance - The company's operating revenue for 2020 was ¥1,136,315,468.28, representing a 26.43% increase compared to ¥898,768,211.80 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥161,771,701.18, a 51.42% increase from ¥106,833,899.34 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,848,651.47, up 30.12% from ¥99,022,802.26 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥185,250,981.66, an increase of 61.18% compared to ¥114,937,171.25 in 2019[26]. - The basic earnings per share for 2020 was ¥0.5804, a 37.93% increase from ¥0.4208 in 2019[26]. - The total assets at the end of 2020 were ¥2,140,932,920.99, an 18.32% increase from ¥1,809,451,674.47 at the end of 2019[26]. - The company achieved operating revenue of 1,136.32 million yuan in 2020, representing a year-on-year growth of 26.43%[59]. - Net profit attributable to shareholders reached 161.77 million yuan, with a year-on-year increase of 51.42%[59]. - R&D expenses amounted to 167.08 million yuan, accounting for 14.70% of operating revenue, reflecting a growth of 26.57% compared to the previous year[59]. Dividend Distribution - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares to all shareholders, based on a total of 282,214,690 shares[7]. - The cash dividend for 2020 was set at ¥1.20 per 10 shares, with a total cash dividend amount of ¥33.87 million, representing 20.93% of the net profit attributable to ordinary shareholders[164]. - The total distributable profit for the year was ¥293.78 million, with the cash dividend amounting to 100% of the total profit distribution[164]. - The company plans to increase its capital reserve by 4 shares for every 10 shares held, alongside the cash dividend distribution[167]. Risk Management - The company faces various risks including market competition, policy risks, and technology development risks, which may impact future performance[7]. - The company is committed to addressing risks related to accounts receivable and goodwill impairment, which are critical for maintaining financial health[7]. - The company recognizes the risk of core technology leakage and personnel turnover, which could negatively impact operations[156]. - The company will enhance its risk management capabilities to address potential technology development and product upgrade risks[152]. - The company emphasizes strengthening long-term relationships with clients to mitigate the risk of uncollectible accounts[159]. Market Expansion and Technological Innovation - The company is focused on expanding its digital government services through platforms like Tongjiao Cloud and Gongcai Cloud, enhancing public service efficiency[16]. - The company reported significant growth in its SaaS offerings, which are crucial for its future revenue streams[16]. - The company is actively pursuing market expansion and technological upgrades to maintain competitive advantage[7]. - The company is actively expanding its "Digital Village" business in response to national rural revitalization strategies, establishing subsidiaries to explore related opportunities[62]. - The company is focusing on digital economy opportunities, particularly in the development of digital rural services[59]. - The company is enhancing its product development in cloud technology, big data, and blockchain to improve core technology and comprehensive solutions[87]. - The company is enhancing its public procurement electronic management platform to improve service functionality and expand its market share in this sector[146]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has declared that the financial report is true, accurate, and complete[5]. - The company's governance structure includes a board of directors and supervisory board, ensuring accountability and transparency in operations[5]. - The company has committed to enhancing post-merger management to ensure the stable development of acquired subsidiaries[159]. - The company has established a profit distribution policy to ensure continuous and stable returns to shareholders[163]. - The company has taken necessary confidentiality measures during the feasibility study of the acquisition[172]. - The company has ensured compliance with regulations regarding major asset restructuring[174]. Investment and Financial Strategy - The company plans to enhance its sustainable profitability by acquiring the remaining 49% equity of 博思致新, which is expected to strengthen its product and technology advantages in the e-government sector[62]. - The company invested ¥58,000,000 in the construction of an artificial intelligence industrial park to support future business growth and attract high-quality R&D talent[63]. - The company plans to acquire 78.00% equity of Guangdong Ruilian in a cash transaction[172]. - The company has committed to providing accurate and complete information regarding the acquisition[183]. - The company will not transfer its shares in the company until the commitments are fulfilled[188]. Operational Efficiency - The company is continuously improving its internal control systems and management frameworks to adapt to changing external environments and enhance operational efficiency[63]. - The company plans to enhance operational efficiency and reduce costs to improve profitability, aiming for a more effective management of raised funds[198]. - The company has outlined measures to fill the diluted immediate returns, including improving daily operational efficiency and accelerating project implementation[198]. - The company is committed to maintaining investor confidence by implementing strategies to mitigate risks and improve business performance[198]. Research and Development - The company has actively increased R&D investment to enhance its product competitiveness, focusing on electronic invoicing and non-tax revenue collection systems[87]. - The company invested CNY 167,084,103.25 in R&D, accounting for 14.70% of its revenue in 2020, with a total R&D personnel count of 1,342[93]. - The company will increase its research and development investment to upgrade products and improve user experience, focusing on internet-based financial informationization products[146].