Wondershare(SZ:300624)2021-04-15 16:00Financial Performance - In 2020, the company achieved a revenue of 976 million RMB, representing a year-on-year growth of 38.81%, and a net profit attributable to shareholders of 125 million RMB, up 45.19% year-on-year[4]. - The company's operating revenue for 2020 was ¥976,477,439.98, representing a 38.81% increase compared to ¥703,474,142.60 in 2019[43]. - The net profit attributable to shareholders for 2020 was ¥125,237,982.65, a 45.19% increase from ¥86,260,745.23 in 2019[43]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥109,901,744.04, up 75.08% from ¥62,773,899.33 in 2019[43]. - The total revenue for the year 2020 reached ¥976,477,439.98, representing a year-on-year increase of 38.81% compared to ¥703,474,142.60 in 2019[96]. - The software industry accounted for ¥961,396,802.68, which is 98.46% of total revenue, showing a significant year-on-year growth of 44.32%[96]. - The company reported a net profit attributable to shareholders of RMB 125,237,982.65 for the year 2020[188]. - The total cash dividend distributed was RMB 25,989,408.00, representing 20.75% of the net profit attributable to shareholders[192]. - The cash dividend per 10 shares was set at RMB 2.00 (including tax) for the year 2020[186]. - The cash dividend payout ratio for 2019 was 32.98%, with a total cash dividend of RMB 28,449,575.00[192]. Revenue Growth and Market Expansion - The digital creative software business accounted for over 50% of total revenue, with a year-on-year growth of 55.53%[5]. - The company has expanded its global market presence, with sales revenue from non-English regions increasing to 66.74%, a year-on-year growth of 48.58%[87]. - The annual sales revenue growth rate for the global government and enterprise business reached 68%[91]. - The company achieved recognition as one of the highest exporters of creative software in China, with products sold in over 200 countries and regions[64]. - The company is focusing on digital creative software and expanding into office efficiency and data management software markets[57]. - The company plans to enhance its multi-platform strategy, integrating PC, mobile, and cloud applications to expand its product matrix[163]. - The company is actively investing in AI and big data algorithms to maintain industry-leading product functionality and technology[68]. - The company has seen rapid growth in sales revenue from non-English speaking countries, reflecting successful market expansion efforts[64]. Talent Acquisition and Development - The company completed over 500 social recruitment tasks and signed contracts with over 270 fresh graduates, with more than two-thirds being master's degree holders[7]. - The company aims to enhance its team strength by attracting high-end talent and providing competitive compensation and benefits[9]. - The workforce increased by 65% in 2020, with R&D personnel growing by 79%, reflecting a strong commitment to talent acquisition[92]. - The company emphasizes a culture of talent retention and development, implementing employee stock incentive plans and interest-free housing loans[8]. Research and Development - The company has 145 patents, including 98 invention patents, and 186 software copyrights, providing strong intellectual property support for its development[68]. - Research and development expenses amounted to ¥218,609,339.50, an increase of 40.52% year-over-year, accounting for 22.39% of total revenue[117][118]. - The company has strengthened its R&D investment to enhance product functionality and performance, ensuring it can respond to market and user demand changes[170]. - The company is committed to continuous innovation and product development to meet evolving user needs and market trends[170]. Strategic Initiatives - The company has implemented a strategy of "technology + service + content" to enhance its multi-end layout of "PC + mobile + cloud"[57]. - The company has established a robust online marketing model to sell software and related value-added services globally through its self-built e-commerce platform[19]. - The company has formed partnerships with various industry players to enrich its resource library, significantly improving user convenience and engagement[6]. - The company has established subsidiaries in North America, Japan, and Singapore to enhance localized service and marketing strategies[69]. Risks and Challenges - The company acknowledges the challenges posed by global trade protectionism and fluctuating exchange rates, which may impact its sales and profitability[16][18]. - The company faces risks from global trade protectionism, which could impact sales in various countries due to complex legal environments[171]. - The company’s revenue and profits are subject to significant uncertainty due to fluctuations in exchange rates, particularly with USD, EUR, and JPY[173]. - The company is at risk of goodwill impairment due to acquisitions, which could negatively affect its financial results if the acquired companies perform poorly[177]. Future Outlook - The company aims to become a global leader in digital creative software and services, focusing on video creativity and innovation[162]. - The company plans to continue expanding its digital creative software products and services, focusing on AI technology and mobile platforms, while increasing the subscription revenue ratio[9]. - The company is accelerating its SaaS transformation to improve user acquisition and retention through subscription models[165]. - The digital creative industry in China is experiencing rapid growth, with increasing market demand and government support, indicating significant future opportunities[154].