DBG(SZ:300735)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥2,285,413,345.46, an increase of 4.34% compared to ¥2,190,441,020.59 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥318,693,050.44, a decrease of 25.73% from ¥429,125,008.04 in 2019[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥270,906,233.10, down 29.29% from ¥383,130,133.71 in 2019[22]. - The basic earnings per share for 2020 was ¥0.44, a decrease of 52.69% compared to ¥0.93 in 2019[22]. - The weighted average return on equity for 2020 was 8.96%, down from 21.83% in 2019, a decline of 12.87%[22]. - In 2020, the company achieved a revenue of CNY 2.285 billion, a year-on-year increase of 4.34%, while net profit attributable to shareholders decreased by 25.73% to CNY 319 million[64]. - The EMS manufacturing segment contributed CNY 2.268 billion, accounting for 99.24% of total revenue, with a year-on-year growth of 4.05%[72]. - Revenue from the consumer electronics segment was CNY 1.870 billion, representing 81.81% of total revenue, with a year-on-year increase of 6.71%[72]. Assets and Liabilities - The company's total assets at the end of 2020 reached ¥4,979,457,150.15, an increase of 86.79% from ¥2,665,830,640.36 at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were ¥4,222,153,988.38, up 97.53% from ¥2,137,437,711.73 at the end of 2019[22]. - The company's fixed assets at the end of 2020 amounted to 1,166.57 million, an increase of 17.49% compared to the beginning of the year, primarily due to new machinery investments[52]. - The company's cash and cash equivalents at the end of 2020 reached 829.40 million, reflecting a growth of 99.36% year-on-year, mainly due to the increase in cash from share issuance and operating activities[52]. - The company's construction in progress at the end of 2020 was 198.64 million, a significant increase of 472% from the beginning of the year, attributed to increased investments in the third-phase project[52]. - The company achieved a remarkable increase of 493.01% in trading financial assets, amounting to 1,914.11 million at the end of 2020, due to the utilization of idle raised funds and self-owned funds for investment in financial products[52]. Cash Flow - The company reported a net cash flow from operating activities of ¥543,462,608.44, a slight decrease of 0.02% from ¥543,596,100.92 in 2019[22]. - Operating cash inflow for 2020 was CNY 2,733,937,361.50, an increase of 14.75% compared to CNY 2,382,527,383.33 in 2019[91]. - Total cash outflow from operating activities increased by 19.12% to CNY 2,190,474,753.06 from CNY 1,838,931,282.41 in the previous year[91]. - Cash inflow from investing activities decreased by 21.00% to CNY 3,747,300,880.35 from CNY 4,743,422,646.94 in 2019[94]. - Cash inflow from financing activities surged by 1,164.80% to CNY 2,844,271,521.08, primarily due to a non-public share issuance raising CNY 2.18 billion[94]. - The net increase in cash and cash equivalents was CNY 344,452,065.09, a significant rise of 415.35% from CNY 66,838,149.56 in the previous year[94]. Dividends - The company plans to distribute a cash dividend of 2 CNY per 10 shares (including tax) based on a total of 762,924,633 shares[6]. - The total distributable profit for the period is reported at 823,285,774.17 CNY, with the cash dividend amounting to 47.88% of the net profit attributable to ordinary shareholders[142]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 3.00 CNY per 10 shares in 2018 and 2019, and 2.00 CNY in 2020[139]. Risks and Challenges - The company faces ongoing risks from rising labor costs as new factories are put into production and capacity continues to increase, which may require higher employee compensation to attract and retain staff[6]. - The company anticipates continued increases in labor costs due to rising demand for workforce as new production facilities come online, and it aims to balance this through equipment upgrades and automation[133]. Strategic Initiatives - The company is expanding its global footprint with the acquisition of a controlling stake in an Indian subsidiary and plans to establish new manufacturing bases in Vietnam and Bangladesh[47]. - The company aims to enhance its manufacturing capacity and expand market share by increasing production scale and improving service quality in the consumer electronics and automotive electronics sectors[126]. - The company plans to establish new manufacturing bases in Vietnam and Bangladesh while enhancing the scale and manufacturing capabilities of its Indian subsidiary[131]. - The company has invested in smart manufacturing upgrades, improving production efficiency and product quality through the integration of industrialization and information technology[65]. - The company is focused on integrating information technology and automation into all production processes to form an intelligent manufacturing system[132]. Research and Development - The company's R&D investment in 2020 amounted to ¥88,307,390.02, representing 3.86% of the operating revenue, an increase from 3.25% in 2019[90]. - R&D personnel increased to 1,127 in 2020, representing 13.66% of the total workforce, compared to 9.87% in 2019[90]. - The company holds 72 patents and 11 software copyrights, emphasizing its commitment to research and development[70]. Compliance and Governance - The company reported a commitment to ensure that the prospectus for its initial public offering does not contain false records, misleading statements, or significant omissions[152]. - The company has committed to compensating investors for any losses incurred due to misleading statements in the prospectus[158]. - The company has established a long-term commitment to avoid any activities that could harm the legal rights of shareholders[175]. - The company guarantees to provide Guanghong Technology with any business opportunities that may conflict with its operations, ensuring priority acquisition under equal conditions[182].