英杰电气(300820) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was CNY 420,704,838.47, a decrease of 5.04% compared to CNY 443,012,630.28 in 2019[37]. - The net profit attributable to shareholders for 2020 was CNY 104,500,439.79, down 5.83% from CNY 110,973,575.72 in 2019[37]. - The net profit after deducting non-recurring gains and losses was CNY 95,242,576.87, a decline of 13.37% compared to CNY 109,945,101.70 in 2019[37]. - The net cash flow from operating activities was CNY 51,965,224.42, a decrease of 35.73% from CNY 80,854,918.98 in 2019[37]. - The company's total revenue for Q4 was 136,673,749.00 CNY, with a total annual revenue of 420,704,838.50 CNY, reflecting a strong performance in the last quarter[40]. - The net profit attributable to shareholders for Q4 was 37,258,839.60 CNY, contributing to an annual net profit of 104,480,639.82 CNY, indicating a significant year-on-year increase[40]. - The company's domestic revenue was ¥419,722,071.90, reflecting a decline of 5.17% compared to the previous year[82]. - The company achieved operating revenue of 420.70 million yuan, a year-on-year decrease of 5.04%[76]. - Operating profit for the period was 121.98 million yuan, down 5.26% year-on-year[76]. - Net profit attributable to the parent company was 104.50 million yuan, a decline of 5.83% compared to the previous year[76]. Revenue Sources - The company's main products, including power control power supplies and special power supplies, generated 69.56% of revenue from the photovoltaic and semiconductor industries[6]. - Revenue from the photovoltaic industry amounted to 251.64 million yuan, accounting for 59.81% of total revenue, with a year-on-year increase of 12.00%[76]. - Revenue from semiconductor and electronic materials surged by 55.33% to ¥117,365,458.48, representing 27.90% of total revenue[82]. - The company operates primarily in the photovoltaic and semiconductor industries, which are expected to see continued growth and investment[60]. Research and Development - The company focuses on the development of industrial power supply equipment, with products applied in photovoltaic, semiconductor, and new energy sectors[50]. - The company maintains a strong R&D investment strategy, relying solely on self-developed core technologies without external purchases[52]. - The company invested 34.07 million yuan in R&D, representing 8.10% of the current operating revenue[68]. - The company has maintained a steady increase in R&D expenses and personnel, with 36 new patents granted during the reporting period[78]. - The company plans to increase R&D investment in new products and expand application areas in emerging industries such as new energy and new materials[138]. Risk Management - The company faced risks related to order fulfillment, particularly in the photovoltaic sector, which may impact operational performance due to external factors[7]. - The company has implemented strict customer credit management to ensure the execution of contracts and minimize risks[7]. - The company has identified potential risks related to order fulfillment, particularly in the photovoltaic sector, which may be affected by market conditions and client operations[144]. - The company aims to enhance its core competitiveness and improve profitability by controlling costs and improving internal management in 2021[139]. Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 4 RMB per 10 shares (including tax) based on 95,010,000 shares[12]. - The cash dividend accounted for 100% of the total profit distribution amount, reflecting a commitment to shareholder returns[163]. - The company has maintained a stable profit distribution policy since its listing, ensuring reasonable returns to investors while considering operational needs[158]. - The company reported a distributable profit of RMB 452,438,697.27 for the year[160]. - The cash dividend amount for 2020 was ¥38,004,000, representing 36.37% of the net profit attributable to ordinary shareholders[164]. Market Position and Strategy - The company has established a strong market presence and reputation, enabling it to expand its user base and develop new products effectively[59]. - The company is positioned to benefit from the growing demand for clean energy and industrial power solutions, as highlighted in national energy policies[56]. - The company intends to strengthen market marketing efforts for semiconductor equipment and collaborate with leading domestic semiconductor material manufacturers[139]. - The company will continue to develop and upgrade special power supplies, including programmable DC power supplies and RF power supplies, to enhance product competitiveness[139]. Compliance and Governance - The company is committed to ensuring compliance in the use and management of raised funds for investment projects[11]. - The independent directors confirmed that the profit distribution plan complies with relevant laws and regulations, protecting the interests of all shareholders, especially minority shareholders[163]. - The company has committed to a lock-up period for major shareholders, lasting 36 months from the date of the initial public offering[167]. - The company has maintained compliance with all commitments made regarding share restrictions during the reporting period[167]. Operational Challenges - The company has experienced delays in two fundraising projects due to the COVID-19 pandemic, affecting planned progress[11]. - The company has experienced delays in fundraising projects due to the COVID-19 pandemic but is focused on ensuring compliance and effective management of these projects[147]. - The company has not experienced any major changes in the feasibility of its projects during the reporting period[126].