贝仕达克(300822) - 2020 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2020 was approximately ¥885.81 million, representing a 20.19% increase compared to ¥736.99 million in 2019[15]. - The net profit attributable to shareholders for 2020 was approximately ¥169.12 million, up 17.10% from ¥144.42 million in 2019[15]. - The net profit after deducting non-recurring gains and losses was approximately ¥155.77 million, an increase of 11.29% from ¥139.98 million in 2019[15]. - The total assets at the end of 2020 reached approximately ¥1.51 billion, a significant increase of 139.43% from ¥630.13 million at the end of 2019[15]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.14 billion, up 145.47% from ¥464.26 million at the end of 2019[15]. - The basic earnings per share for 2020 were ¥1.690, a decrease of 6.63% compared to ¥1.810 in 2019[15]. - The weighted average return on equity for 2020 was 18.14%, down 18.71% from 36.85% in 2019[15]. - The net cash flow from operating activities for 2020 was approximately ¥188.60 million, a slight decrease of 1.24% from ¥190.96 million in 2019[15]. Revenue and Sales Growth - In Q1 2020, the company reported revenue of approximately ¥156.78 million, which increased to ¥301.70 million in Q3, showing a growth of 92% from Q1 to Q3[17]. - The net profit attributable to shareholders was ¥33.01 million in Q1 and peaked at ¥56.75 million in Q3, representing a growth of 72%[17]. - The revenue from smart controllers accounted for 86.19% of total revenue, amounting to ¥763,514,233.39, which is a 25.78% increase from ¥607,006,760.23 in 2019[53]. - Domestic revenue increased significantly by 60.22% to ¥73,130,733.97, while international revenue grew by 17.55% to ¥812,674,675.98, making up 91.74% of total revenue[53]. - The sales volume of smart controllers increased by 44.82% to 4,328.95 million units, while production volume rose by 58.58% to 4,526.7 million units[56]. Research and Development - The company focuses on R&D in smart controllers and products, expanding into smart home and automotive sectors, which are key growth areas[24]. - The company has established a strong R&D team, holding 176 utility model and design patents, 4 invention patents, and 64 software copyrights[37]. - R&D expenses for the year were ¥32,412,426.04, an increase of 23.26% from ¥26,296,730.74 in 2019, indicating a focus on technological advancement[62]. - Research and development (R&D) investment in 2020 amounted to ¥32,412,426.04, representing 3.66% of operating revenue, an increase from 3.57% in 2019[63]. Market Outlook - The global smart controller market is projected to reach $1.5 trillion by 2020, with China's smart controller industry expected to maintain an annual growth rate of approximately 12% from 2018 to 2023[32]. - The global smart lighting market is expected to reach $25 billion in 2020, with a growth rate exceeding 25%[33]. - The global security industry market size is projected to reach $315 billion, indicating significant market potential[33]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥5 per 10 shares, based on a total of 106,670,000 shares[6]. - A cash dividend of 4 RMB per 10 shares was approved, totaling 42,668,000 RMB, reflecting the company's commitment to shareholder returns[98]. - The cash dividend for 2020 represents 31.54% of the consolidated net profit attributable to shareholders[103]. - The total cash dividend amount (including other methods) accounts for 100% of the profit distribution total[100]. Corporate Governance and Compliance - The company has complied with all relevant regulations regarding the cash dividend policy and its adjustments[99]. - The company has established a clear framework for compliance with these commitments to ensure transparency and accountability[105]. - The company emphasizes adherence to these commitments as a key aspect of its corporate governance practices[105]. - The company has not reported any changes in the scope of the consolidated financial statements compared to the previous year's financial report[113]. Risk Management - The company faces risks from macroeconomic fluctuations, intensified market competition, and reliance on a concentrated customer base, which could impact performance[91]. - The company will monitor raw material market trends closely and maintain good relationships with suppliers to mitigate procurement risks[94]. Employee and Management Structure - The total number of employees in the company is 1,812, with 1,323 in the parent company and 489 in major subsidiaries[176]. - The company has established a multi-level employee compensation system to motivate staff and respect their contributions[178]. - The current management team has a diverse background, with key members having extensive experience in finance, operations, and engineering[165][166][167]. - The company has maintained a stable leadership structure since August 2017, with all current directors and supervisors in their positions for over three years[165]. Audit and Internal Control - The company has appointed Tianjian Accounting Firm (Special General Partnership) as its auditor, with an audit fee of 550,000 RMB and a continuous service period of 4 years[114]. - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal controls[196]. - The company’s financial statements were deemed to accurately reflect its financial position and operating results during the audit period[193].