南极光(300940) - 2020 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, reflecting a year-on-year growth of 15%[117]. - The company's operating revenue for 2020 was ¥1,058,114,321.42, representing a 6.41% increase compared to ¥994,411,327.97 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥69,666,544.90, a decrease of 12.74% from ¥79,838,359.49 in 2019[19]. - The net profit after deducting non-recurring gains and losses was ¥62,864,691.23, down 17.10% from ¥75,830,925.63 in 2019[19]. - The gross profit margin improved to 40% in 2020, up from 35% in the previous year[118]. - The mobile backlight module accounted for 96.02% of the total revenue, with sales amounting to ¥1,015,985,016.67, reflecting an increase of 8.71% compared to the previous year[59]. - The company's net profit for the year 2020 reached CNY 70,151,397.61, with a legal surplus reserve of CNY 7,015,139.76 deducted, resulting in a distributable profit of CNY 180,832,213.17 as of December 31, 2020[113]. - The consolidated net profit attributable to shareholders for 2020 was CNY 69,666,544.90, with a cash dividend distribution plan proposing CNY 0.79 per 10 shares, totaling CNY 9,355,629.67[114]. Cash Flow and Dividends - The company reported a cash dividend of 0.79 RMB per 10 shares (including tax) based on a total share capital of 118,425,692 shares after the IPO[5]. - The cash dividend for 2020 represents 13.43% of the consolidated net profit attributable to shareholders, marking the first dividend distribution since 2017[114]. - The company’s cash flow from operating activities was 62.33 million CNY, down 9.61% from the previous year[52]. - The net cash flow from operating activities for 2020 was ¥62,332,338.28, a decrease of 9.61% from ¥68,958,696.24 in 2019[19]. - The company aims to actively reward investors and share the results of its development while considering future growth needs[113]. Market and Product Development - The company is focused on expanding its market presence and developing new technologies in the electronic sector[5]. - The company has begun small-scale production of 5G mobile phone back covers using its core technology and equipment[29]. - The company plans to enhance its R&D capabilities and product offerings in the backlight display module sector, focusing on new technologies and market demands[95]. - The company aims to expand its production capacity for mobile backlight display modules to 44 million units annually and for professional display modules to 18 million units annually[99]. - The company is focusing on developing new products that meet the diverse needs of the 5G smartphone market, particularly in back cover materials[96]. Research and Development - The company has developed 105 patents, including 6 invention patents, 94 utility model patents, and 5 design patents, emphasizing its commitment to R&D and innovation[34]. - Research and development expenses for 2020 were ¥4,454.05 million, constituting 4.21% of operating revenue, with 225 R&D personnel making up 11.50% of the total workforce[54]. - The company has committed to increasing investment in R&D for new technologies in the backlight module sector to maintain competitive advantage[103]. - The company has established a research center to study new display technologies, including Mini-LED and Micro-LED, to enhance product richness and technological advancement[103]. Risk Management - The report includes a detailed analysis of potential risks the company may face in the future[5]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements in the report[5]. - The company acknowledges the risk of intensified competition in the LCD display industry as new entrants may emerge, necessitating continuous innovation and operational improvements[102]. - The company aims to strengthen its customer credit assessment and follow-up processes to mitigate the risk of uncollectible accounts[105]. Corporate Governance - The company has established a commitment to compensate investors for any economic losses incurred due to unfulfilled promises[120]. - The company will notify shareholders and the public if it fails to fulfill any commitments, detailing the reasons for such failures[120]. - The company maintains a stable management structure with no changes in directors or senior management during the reporting period[172]. - Independent directors attended all 12 board meetings and 1 shareholder meeting during the reporting period[195]. Shareholder Information - The total number of shares for the cash dividend distribution is based on 118,425,692 shares post-initial public offering[113]. - The top five customers accounted for 75.99% of the company's total revenue, indicating a high customer concentration risk[102]. - The company has not proposed any cash dividend distribution plans for the previous two years despite positive earnings and available profits[114]. - The total number of shareholders at the end of the reporting period was 31,150[158].