中科海讯(300810) - 2020 Q4 - 年度财报

Financial Performance - The net profit attributable to shareholders decreased by 74.08% compared to the same period last year due to delays in bidding, R&D, production, delivery, and acceptance caused by the pandemic[4]. - The company's operating revenue for 2020 was ¥125,155,641.31, a decrease of 48.15% compared to ¥241,367,321.98 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥21,209,443.59, down 74.08% from ¥81,814,326.66 in 2019[17]. - The net cash flow from operating activities was -¥59,512,862.48, a decline of 696.67% compared to ¥9,974,087.34 in 2019[17]. - Basic earnings per share decreased by 80.00% to ¥0.27 in 2020 from ¥1.35 in 2019[17]. - The company reported a quarterly revenue of ¥71,299,660.17 in Q4 2020, which was the highest among the four quarters[18]. - The net profit attributable to shareholders in Q4 2020 was ¥33,785,072.98, marking a significant recovery from losses in the previous quarters[18]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares (including tax) and to increase capital reserves by 5 shares for every 10 shares held[4]. - The cash dividend represents 18.55% of the net profit attributable to the company's ordinary shareholders, which was RMB 21,209,443.59 for 2020[116]. - The total share capital will increase to 118,050,000 shares after a capital reserve transfer of 39,350,000 shares, with a ratio of 5 shares for every 10 shares held[115]. - The profit distribution plan complies with the company's articles of association and relevant regulations, ensuring shareholder interests are protected[112]. - The company’s retained earnings will be carried forward to future years, as no undistributed profits were allocated for distribution[114]. Research and Development - The company increased its R&D investment to CNY 4,651.31 million, representing 37.16% of its operating revenue, a growth of 12.14% compared to the previous year[46]. - As of December 31, 2020, the company had a technical R&D team of 166 people, accounting for 68.31% of the total workforce[39]. - The company has 2 authorized invention patents, 13 utility model patents, 1 design patent, and 114 software copyrights, with 25 invention patents pending[37]. - The company plans to expand its R&D directions in response to market demands, focusing on multiple product types for bidding[48]. Market and Industry Outlook - The company expects the negative impact of the pandemic on performance to gradually diminish as production activities have fully resumed and communication with customers continues[4]. - With the completion of domestic product modifications and increasing national defense spending, market demand for the company's products is expected to maintain a growth trend in 2021[4]. - The industry is supported by a national defense budget of 13,795.44 billion in 2021, reflecting a 6.8% increase from the previous year, which benefits the company's product development[32]. Operational Challenges - Domestic and international environmental factors have led to adjustments in customer planning for sonar equipment deployment, affecting procurement progress in 2020[4]. - Inventory levels increased substantially, attributed to delays in product delivery and acceptance caused by the pandemic and military reforms[33]. - The company experienced a significant increase in fixed assets due to the acquisition of office spaces by its subsidiaries[33]. Corporate Governance and Compliance - The company has committed to ensuring compliance with all regulatory requirements and commitments made during its public offering[122]. - The company confirmed that all commitments made to minority shareholders were fulfilled on time[151]. - The company has engaged Beijing Zhongtonghua Asset Appraisal Co., Ltd. as its asset appraisal agency for the IPO process, ensuring compliance with regulatory requirements[142]. Social Responsibility - The company donated over 500,000 yuan for COVID-19 prevention efforts in Wuhan and provided 100,000 masks and other supplies to a local school[182]. - In 2020, the company invested over 10.48 million yuan in educational poverty alleviation, benefiting 140 impoverished students[186]. - The company is actively involved in community welfare and disaster relief efforts, demonstrating its corporate social responsibility[182]. Shareholding Structure - The largest shareholder, Ningbo Meishan Bonded Port Area Zhongke Haixun Technology Investment Partnership, holds 29.26% of the shares, totaling 23,031,216 shares[199]. - The second-largest shareholder, Pingdingshan Haixun Voice Technology Investment Partnership, holds 20.57% of the shares, totaling 16,187,500 shares[199]. - The total number of shareholders at the end of the reporting period was 13,468, with no preferred shareholders[199]. Future Plans - The company plans to strengthen market development efforts and improve cash flow by increasing accounts receivable collection[100]. - The company aims to enhance R&D investment and attract talent through equity incentives to boost core competitiveness[100]. - The company intends to expand its product offerings, including new training systems and high-frequency imaging sonar[101].