斯迪克(300806) - 2020 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of CNY 1,539,459,204.66 in 2020, representing a year-on-year increase of 7.45%[18]. - The net profit attributable to shareholders reached CNY 181,625,771.74, a significant increase of 63.34% compared to the previous year[18]. - The net cash flow from operating activities was CNY 192,974,755.50, up 98.24% from 2019[18]. - The company’s total assets increased by 53.26% year-on-year, reaching CNY 3,202,970,429.01 by the end of 2020[18]. - The company reported a basic earnings per share of CNY 1.55, reflecting a growth of 26.02% from the previous year[18]. - The company’s weighted average return on equity was 15.51%, an increase of 0.95% compared to 2019[18]. - The company’s total cash dividend distributed amounts to RMB 23,750,875.80, representing 100% of the total profit distribution[132]. - The company has accumulated undistributed profits of RMB 417,604,907.72 as of December 31, 2020[133]. Risk Factors - The company faces risks including intensified market competition leading to decreased gross margins, new product development failures, and fluctuations in raw material supply and prices[5]. - The company has a risk factor related to seasonal fluctuations in operations, which may impact financial performance[5]. - The company faces risks from intensified market competition, which could lead to a decline in gross margins if not managed effectively[119]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the report's integrity[4]. - The company has established a relatively complete corporate governance structure and effective regulations to manage risks associated with rapid growth[124]. - The independent directors have fulfilled their responsibilities and provided necessary opinions regarding the profit distribution plan, ensuring the protection of minority shareholders' rights[131]. Research and Development - R&D expenses reached 94.8 million RMB in 2020, representing over 5% of sales revenue, significantly ahead of domestic peers[41]. - The company aims to strengthen its R&D capabilities by establishing two new R&D centers and investing in advanced testing equipment to maintain its leading position in the industry[114]. - The company is committed to maintaining a high level of R&D investment to support continuous new product development and industrialization, despite the risks of potential product development failures[120]. Market Position and Strategy - The company has focused on the domestic production of OCA optical adhesives, which is expected to have a global market size exceeding CNY 10 billion[28]. - The company has become a primary supplier of cell adhesive tape for Tesla, establishing a foundation in the new energy vehicle sector[28]. - The company has established long-term partnerships with major international brands such as Apple, Huawei, and Tesla, enhancing its competitive position in the market[38]. - The company is focusing on expanding its market presence in automotive electronics, educational applications, and large commercial display screens, while enhancing product diversification[112]. Shareholder Relations and Profit Distribution - The proposed profit distribution plan for 2020 includes a cash dividend of RMB 2 per 10 shares (including tax) and a capital reserve increase of 6 shares for every 10 shares held, based on a total share count of 118,754,379[133]. - The company has not proposed any cash dividend distribution plan for the reporting period despite positive distributable profits[138]. - The company has committed to a stable dividend distribution policy, prioritizing cash dividends when conditions allow[144]. Environmental and Social Responsibility - The company donated CNY 2 million to the Red Cross for COVID-19 relief and provided over 63,000 protective masks during the pandemic[181]. - The company operates pollution prevention facilities in line with production, with no reported pollution incidents, and has upgraded to low-nitrogen combustion gas boilers[189]. - The company has received environmental impact assessment approval for its construction projects, ensuring compliance with environmental regulations[190]. Subsidiaries and Expansion - The company has multiple subsidiaries, including Sidike New Materials (Jiangsu) Co., Ltd. and Sidike New Materials (USA) Co., Ltd.[10]. - The company added a new subsidiary, Suzhou Stick Automotive Decoration Materials Co., Ltd., which was established in September 2020[69]. - The company established a new subsidiary, Suzhou Sidike Automotive Decoration Materials Co., Ltd., on September 23, 2020, with no significant impact on overall operations[104]. Legal and Compliance Matters - There are ongoing litigation matters involving the company, with a total claim amount of 2.62 million RMB related to unpaid debts, which is currently pending execution[156]. - The company has not faced any penalties or rectification issues during the reporting period[158]. - The company has not reported any major lawsuits or arbitration matters that would affect its financial position[156].