WINNER TECH.(SZ:300609)2021-04-27 16:00Financial Performance - The company experienced a significant decline in performance, reporting a loss due to the impact of the COVID-19 pandemic, with a notable drop in new shopping centers and retail store openings [5]. - Revenue decreased year-on-year, attributed to a reduction in project income during the company's transition phase in data services [5]. - The company's operating revenue for 2020 was ¥218,751,149.10, a decrease of 32.65% compared to ¥324,798,323.54 in 2019 [22]. - The net profit attributable to shareholders was -¥8,129,622.17 in 2020, representing a decline of 111.88% from ¥68,454,202.08 in 2019 [22]. - The net cash flow from operating activities decreased by 84.59% to ¥10,466,690.07 in 2020, down from ¥67,943,403.46 in 2019 [22]. - The total revenue for 2020 was ¥218,751,149.10, representing a decrease of 32.65% compared to ¥324,798,323.54 in 2019 [73]. - The revenue from the physical commercial sector was ¥217,796,629.10, accounting for 99.56% of total revenue, with a year-on-year decline of 32.75% [73]. - The customer flow analysis system generated ¥156,885,642.11, which is 71.72% of total revenue, down 26.17% from ¥212,489,936.41 in 2019 [73]. Assets and Liabilities - The total assets increased by 67.68% to ¥1,237,775,663.25 at the end of 2020, compared to ¥738,165,954.68 at the end of 2019 [22]. - The company's net assets attributable to shareholders rose by 90.07% to ¥1,120,421,316.31 at the end of 2020, up from ¥589,465,562.06 at the end of 2019 [22]. - The company's monetary funds at the end of 2020 amounted to 306.66 million yuan, representing 24.78% of total assets, an increase of 6.77% from the beginning of the year [98]. - Accounts receivable decreased by 14.33% to 172.82 million yuan, accounting for 13.96% of total assets [98]. Research and Development - The company maintained a high R&D investment of 64.16 million yuan, accounting for 29.33% of total revenue, an increase of 8.52 percentage points year-on-year [66]. - The company has focused on several key R&D projects, including the IPVA-T0901F camera and the new generation data collection management platform [89]. - The company employed 255 R&D personnel, making up 29.65% of the total workforce, a slight decrease from 30.72% in 2019 [90]. - The company has initiated several R&D projects, including a cloud data value-added service and an AI-based customer flow analysis terminal, with significant investments in technology [93]. Business Strategy and Market Position - The company is in a data service business transition phase, focusing on enhancing its core competencies and exploring new market opportunities [6]. - The company aims to transform offline traffic into a manageable and operational state through comprehensive data integration, improving operational efficiency for merchants [48]. - The company has established a competitive advantage in the industry by continuously innovating its technology, products, and business models [36]. - The company plans to utilize offline big data to enhance operational efficiency and meet the growing demand for experiential consumption [124]. Profit Distribution and Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves [9]. - The company will not distribute cash dividends for 2020, citing development needs and current operating conditions [165]. - The company has engaged with various investment institutions to discuss its business outlook and strategies [148]. - The company emphasizes communication with minority shareholders to ensure their opinions and rights are protected during profit distribution discussions [160]. Risks and Challenges - There is no major risk to the company's ongoing operations, and it does not face issues such as overcapacity or continuous decline in its industry [7]. - The company faces risks related to business model innovation, seasonal performance fluctuations, and potential changes in tax policies [139][141][142]. - The company acknowledges the risk of declining gross margin levels due to increased competition and shifts in its business model towards data services [146]. Stock and Financial Management - The company implemented a share repurchase plan totaling up to ¥120 million to bolster investor confidence amid stock price fluctuations [71]. - The company will implement stock price stabilization measures if the closing price falls below the audited net asset value per share from the previous fiscal year [172]. - The maximum amount for stock repurchase in a single fiscal year will not exceed 50% of the audited net profit attributable to the parent company from the previous fiscal year [172]. - The company has committed to fulfilling all promises made by shareholders and related parties during the reporting period [169]. Industry Trends and Market Outlook - The global big data market is projected to grow from USD 56 billion in 2020 to USD 71 billion by 2022, with a compound annual growth rate (CAGR) of 12.6% [116]. - In 2019, China's big data industry reached RMB 539.7 billion, with a year-on-year growth of 23.1%, and is expected to exceed RMB 1 trillion by 2022 [118]. - The retail industry faces challenges in transforming business models, with 39% of retailers identifying the conversion of customer data into actionable insights as a major challenge [44].