宇信科技(300674) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was ¥2,981,587,313.79, representing a 12.44% increase from ¥2,651,726,752.49 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥452,897,119.62, a significant increase of 65.18% compared to ¥274,181,197.42 in 2019[20]. - The net cash flow from operating activities reached ¥363,122,862.47, marking a 101.15% increase from ¥180,520,749.60 in the previous year[20]. - The basic earnings per share for 2020 was ¥1.13, up 63.77% from ¥0.69 in 2019[20]. - The total assets at the end of 2020 amounted to ¥4,052,091,465.03, reflecting a 1.98% increase from ¥3,973,501,368.26 at the end of 2019[20]. - The net assets attributable to shareholders increased by 25.88% to ¥2,324,035,133.37 from ¥1,846,220,093.87 in 2019[20]. - The company reported non-recurring gains of ¥157,795,115.52 in 2020, compared to ¥10,531,927.51 in 2019[25]. - The company maintained a weighted average return on equity of 21.90% in 2020, up from 15.58% in 2019[20]. - The company's total revenue for 2020 was approximately 2.98 billion yuan, representing a year-on-year increase of 12.44% from 2.65 billion yuan in 2019[53]. - Revenue from the banking sector accounted for 90.18% of total revenue, increasing by 16.40% year-on-year, while revenue from non-bank financial institutions decreased by 7.08%[53]. Dividends and Capital Management - The company reported a cash dividend of 2.7 yuan per 10 shares (including tax) based on a total of 413,365,200 shares[4]. - The company plans to increase its capital reserve by converting 6 shares for every 10 shares held by shareholders[4]. - The total cash dividend amount for the year is 111,608,604 yuan, which accounts for 24.64% of the net profit attributable to shareholders[135]. - The total distributable profit for the year is 830,325,614.79 yuan, with cash dividends representing 100% of the profit distribution[133]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 60,001,500 yuan in 2018 and 80,002,000 yuan in 2019[135]. Risk Management - The company acknowledges various risks including market competition, customer concentration, and regulatory risks[4]. - The company emphasizes the importance of maintaining the quality of technology and product development to mitigate risks[4]. - The company has established a comprehensive risk management framework to address potential operational challenges[4]. - The company faces market competition risks due to increasing demand for IT services and the entry of new competitors[121]. - Regulatory changes could impact the company’s innovative business models, posing a risk to its performance[125]. Research and Development - The company’s R&D investment has been continuously increased, contributing to improved product standardization and project management[42]. - R&D investment for 2020 was CNY 31,349.25 million, a 14.20% increase from the previous year[46]. - The company reported a 21.02% increase in labor costs within the banking sector, totaling 1,179,121,473.55 CNY[57]. - Research and development expenses reached 313,492,524.87 yuan, reflecting a 14.20% increase compared to the previous year, driven by ongoing investment in R&D and new share-based payment for R&D personnel[67]. - The number of R&D personnel decreased to 1,014 in 2020, accounting for 9.39% of the total workforce, down from 12.00% in 2019[92]. Market Expansion and Client Relationships - The company has a strong focus on expanding its market presence and enhancing its technological capabilities[4]. - The company serves a diverse client base, including major banks and non-bank financial institutions, leveraging its leading position in financial technology solutions[29]. - The company has established long-term stable relationships with over 100 regional commercial banks and rural credit cooperatives, enhancing its brand reputation in the industry[30]. - The company is actively expanding into the Southeast Asian market, aiming for breakthroughs through close collaboration with long-term partners[120]. - The company plans to enhance sales and market share among major clients, positioning this as a cornerstone for business development[120]. Technological Innovations - The company is actively pursuing new product development and technological innovations to drive future growth[4]. - The company launched a family of 23 data middle platform products, covering all processes of the data lifecycle[46]. - The company launched a new generation unified development platform (YUDP) that supports cloud-native and domestic innovation capabilities, enhancing its service offerings to nearly 200 financial institutions[68]. - The rapid development platform YUXP allows for quick application generation with minimal coding, significantly reducing development costs and time for various business management systems[71]. - The company is leveraging financial technology, including big data and AI, to enhance risk control and operational efficiency[82]. Corporate Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports as stated by its management[3]. - The company has appointed Lixin Certified Public Accountants as its auditing firm for the reporting period[19]. - The company has confirmed that all documents and information provided for the public offering are true, accurate, complete, and timely[141]. - The company has not faced any delisting situations following the annual report disclosure[150]. - The company has made a commitment to not unfairly benefit other parties or harm its own interests during the convertible bond issuance period[143]. Social Responsibility - The company emphasized its commitment to social responsibility, providing pandemic relief supplies to multiple schools[192]. - The company established two "Yuxin Classes" to support 100 impoverished high school students with one-on-one assistance[192]. - The company does not belong to the key pollutant discharge units published by the environmental protection department[194].