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[6]. - 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[19]. - The net profit attributable to shareholders for 2020 was ¥21,209,443.59, down 74.08% from ¥81,814,326.66 in 2019[19]. - 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[19]. - Basic earnings per share decreased by 80.00% to ¥0.27 in 2020 from ¥1.35 in 2019[19]. - The weighted average return on equity for 2020 was 2.10%, down from 14.91% in 2019[19]. - The company reported a significant increase in non-operating income, totaling CNY 318,582.52 in 2020 compared to CNY 3,272,630.69 in 2019, indicating a decrease of approximately 90.3% year-over-year[25]. - Government subsidies recognized in the current period amounted to CNY 2,280,283.81 in 2020, down from CNY 4,051,771.02 in 2019, reflecting a decline of about 43.7%[25]. - The company’s total revenue for 2020 was 125.16 million CNY, a significant decrease from 241.37 million CNY in 2019, indicating substantial revenue volatility[53]. - The company reported a net profit margin of 12% for 2020, an increase from 10% in 2019[153]. Dividend and Profit Distribution - 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[6]. - The board of directors has approved the profit distribution plan based on 78,700,000 shares[6]. - 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[132]. - The company has established a clear and complete profit distribution policy, ensuring shareholder interests are protected[126]. - The company proposed a cash dividend of RMB 0.50 per 10 shares, totaling RMB 3,935,000 for the year 2020[130]. R&D and Product Development - The company is focused on continuous R&D and production improvements to align with customer requirements[6]. - The company’s R&D investment reached CNY 4,651.31 million, an increase of 12.14% year-on-year, accounting for 37.16% of operating revenue[47]. - The company is undergoing localization modifications of its main products in response to changes in customer needs[6]. - The company is focusing on the localization of key products, with domestic prototypes of signal processing platform products completed and small batch orders expected this year[48]. - The company is actively preparing for bidding in the sonar system and unmanned detection product sectors, aligning with user demands for new R&D directions[49]. Market and Competitive Position - The market demand for the company's products is anticipated to maintain a growth trend in the future[6]. - The company maintains a strong competitive advantage in the sonar equipment sector, supported by national defense budget allocations of CNY 13,795.44 billion for 2021, which is a 6.8% increase from the previous year[34]. - The company focuses on R&D in sonar-related products, with applications in national special electronic information sectors, ensuring alignment with user needs and strategic industry directions[28]. - The company is focusing on enhancing its competitive edge by providing integrated solutions in the sonar system field, leveraging its strong design and system integration capabilities[42]. Operational Activities - The production and operational activities of the company have fully resumed to normal levels[6]. - The company is actively communicating with customers regarding product R&D, production, and delivery acceptance to mitigate the pandemic's impact on performance[6]. - The company has not reported any significant differences in net profit and net assets between international and Chinese accounting standards during the reporting period[22]. - The company has a seasonal revenue pattern, with the fourth quarter contributing 56.97% of total annual revenue in 2020, indicating potential seasonal loss risks[53]. Employee and Talent Management - As of December 31, 2020, the company had a total of 243 employees, a 10.45% increase from the previous year, with 166 technical personnel, representing 68.31% of the total workforce[47]. - The company employed 68.31% technical personnel as of December 31, 2020, with a total of 61 individuals holding doctoral or master's degrees[60]. - The company has taken measures to retain core technical personnel, including improving benefits and establishing R&D platforms[60]. - The company plans to recruit a large number of professional and management talents to support sustainable development[125]. Community and Social Responsibility - In May 2020, the company donated 100,000 masks, 10 boxes of medical alcohol, and 10 boxes of disinfectant to Beijing No. 11 School to support students' return to school amid the pandemic[198]. - In March 2020, the company donated over 500,000 yuan to Wuhan through the Haidian District Red Cross for COVID-19 prevention[198]. - In October 2020, the company invested over 100,000 yuan to support educational needs at Dushi Kou Primary School in Zhangjiakou, Hebei, providing equipment and winter clothing for students[200]. - The company focuses on education poverty alleviation as a primary investment direction, targeting impoverished villages nationwide[199]. - The company is actively involved in community welfare and disaster relief efforts, demonstrating its commitment to social responsibility[198]. Compliance and Governance - The company has committed to fulfilling its obligations under relevant laws and regulations to protect investor interests[159]. - The company has made assurances regarding the integrity of its financial statements and the potential impact on public investors[156]. - The company has engaged professional firms for legal and accounting services to ensure the accuracy of its financial disclosures[158]. - The company has established a framework for evaluating the performance of its management in relation to shareholder returns[160]. - The company will ensure compliance with commercial standards when determining transaction prices and conditions for related party dealings[164].