KFMI(SZ:300666)2021-04-15 16:00Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year increase of 15%[1] - The net profit attributable to shareholders was 224 million RMB, an increase of 20% compared to the previous year[1] - The company's operating revenue for 2020 was ¥1,166,542,634.09, representing a 41.41% increase compared to ¥824,964,791.18 in 2019[30] - The net profit attributable to shareholders for 2020 was ¥147,168,583.70, a significant increase of 129.28% from ¥64,185,986.25 in 2019[30] - The basic earnings per share for 2020 was ¥0.67, reflecting a 131.03% increase from ¥0.29 in 2019[30] - The total assets at the end of 2020 amounted to ¥2,371,502,811.46, which is a 61.81% increase from ¥1,465,642,899.28 at the end of 2019[30] - The net profit attributable to shareholders of the listed company was 147.17 million yuan, a year-on-year increase of 129.28%[83] - The total operating revenue for 2020 was ¥1,166,542,634.09, representing a 41.41% increase from ¥824,964,791.18 in 2019[94] Cash Flow and Dividends - The company reported a negative net cash flow from operating activities of ¥45,541,005.28 in 2020, a decline of 148.13% compared to a positive cash flow of ¥94,628,704.41 in 2019[30] - The cash dividend per 10 shares is RMB 1.36 (tax included), totaling RMB 30,519,528.12 for the year[200] - The cash dividend accounts for 100% of the total profit distribution[200] - The company prioritizes cash dividends, distributing at least 20% of the annual distributable profit in cash if there are no major investment plans or cash expenditures[186] Market Expansion and Strategy - User data showed a growth in customer base by 25%, reaching 1.2 million active users by the end of 2020[1] - Market expansion efforts have led to a 40% increase in sales in international markets, particularly in Southeast Asia[1] - The company is exploring strategic acquisitions to enhance its market position and expand its product offerings[1] - The company continues to explore market expansion opportunities in the semiconductor and solar energy sectors, driven by increasing demand for high-purity materials[43] Research and Development - Investment in R&D increased by 30% in 2020, focusing on advanced materials and semiconductor technologies[1] - The company has established a diversified product R&D system centered on high-purity sputtering targets for semiconductor chips, LCDs, and solar cells[68] - R&D personnel increased to 158, representing 15.13% of the workforce, with R&D investment accounting for 6.33% of operating revenue[114] Product Development and Technology - The company has successfully supplied ultra-pure metal sputtering targets to leading semiconductor manufacturers, achieving mass production for 7nm technology nodes and entering validation stages for 5nm technology nodes[43] - The company has developed proprietary technologies to reduce costs and improve production efficiency, enhancing its competitive advantage[77] - The company has successfully developed key technologies for ultra-pure tantalum (Ta) targets and components, achieving mass production for TSMC's 7nm chips[161] Risks and Challenges - The management highlighted potential risks including market volatility and supply chain disruptions, which could impact future performance[1] - The company faces risks related to new product development, including potential quality fluctuations during large-scale production due to equipment and personnel factors[167] - The semiconductor industry is subject to cyclical fluctuations, which may impact the company's business development and performance if the industry enters a downturn[171] Corporate Governance and Compliance - The company ensures that minority shareholders have opportunities to express their opinions and that their rights are protected during the profit distribution process[199] - The company’s profit distribution policy is subject to review and must be approved by the board and shareholders, ensuring compliance with relevant regulations[194] - The board of directors must approve any major investment plans or cash expenditures before implementation, which must also be reviewed by the shareholders' meeting[189]