SNBC(SZ:002376)2022-11-22 03:04Financial Performance - In 2020, the financial segment achieved revenue of 1.026 billion CNY, with a year-on-year growth of over 50% [3] - The logistics segment generated revenue of 644 million CNY, while the automated logistics business saw a revenue increase of over 2000% to nearly 300 million CNY [3] - The new retail segment reported a revenue of 182 million CNY, a decline of 28% year-on-year [3] - The traditional business segment earned 545 million CNY, down 12.1% from the previous year [3] Profit Margins - Average gross margin for key components is approximately 56% [3] - Average gross margin for smart terminal devices is around 41% [3] - Average gross margin for automated equipment is about 29% [3] - Average gross margin for software and services is approximately 31% [3] Future Growth Expectations - The company aims to focus on scenario-based solutions and full industry chain breakthroughs over the next three years [5] - The financial segment anticipates increased demand for intelligent self-service devices due to rising labor costs [5] - The logistics segment expects continued growth in smart express cabinets, addressing the "last mile" delivery challenge [5] - The new retail segment will focus on self-service sales points, leveraging the trend towards automation in retail [5] R&D and Innovation - The company has significantly increased R&D investment in recent years, particularly in core components and automated products [9] - Future R&D spending will be controlled while maintaining a competitive edge in technology [9] - The company has approximately 300 software and algorithm personnel across various R&D centers [10] Market Conditions and Challenges - Rising costs of raw materials and logistics are expected to impact profit margins [7] - The company has implemented cost optimization strategies through technological innovation and supply chain collaboration [7] Corporate Governance - The company has established a robust governance structure and internal control system following the transition to no actual controller [6]