BLT(688333)2021-04-29 16:00Financial Performance - The company's operating revenue for 2020 was CNY 412,168,053.84, an increase of 28.10% compared to CNY 321,742,830.46 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 86,702,285.16, representing a growth of 16.74% from CNY 74,268,624.23 in 2019[21]. - The net cash flow from operating activities reached CNY 91,074,013.61, a significant increase of 107.25% compared to CNY 43,943,943.05 in 2019[21]. - The total assets at the end of 2020 amounted to CNY 1,678,775,457.42, reflecting a growth of 13.45% from CNY 1,479,704,707.32 at the end of 2019[18]. - The basic earnings per share for 2020 was CNY 1.08, a decrease of 0.92% compared to CNY 1.09 in 2019[19]. - The company's net assets attributable to shareholders increased to CNY 1,161,754,090.34, a growth of 8.63% from CNY 1,069,466,987.55 in 2019[18]. - The company's operating profit for 2020 was 83.15 million RMB, reflecting a growth of 35.15% year-over-year[81]. - The gross profit margin improved to approximately 52.72%, up by 2.45 percentage points from the previous year[81]. Research and Development - The R&D expenditure accounted for 16.55% of operating revenue, an increase of 3.49 percentage points from 13.06% in 2019[20]. - The company achieved a total R&D investment of ¥68,230,484.11, representing a 62.32% increase compared to the previous year[64]. - R&D investment accounted for 16.55% of total revenue in 2020, emphasizing the company's commitment to innovation[81]. - The company has applied for a total of 327 patents, with 153 granted, including 51 invention patents, showcasing its strong R&D capabilities[46]. - The company has developed new high-temperature alloys, titanium alloys, aluminum alloys, and magnesium alloys for additive manufacturing, with over 60 types of materials available for 3D printing[49]. Dividend Distribution - The company plans to distribute a cash dividend of 1.085 RMB per 10 shares, totaling 8,680,000 RMB (including tax) based on a total share capital of 80,000,000 shares as of December 31, 2020, which represents 10.01% of the net profit attributable to shareholders[4]. - The cash dividend for the year 2020 accounts for 10.01% of the net profit attributable to shareholders in the consolidated financial statements[126]. - The cash dividend policy is designed to protect the legitimate rights and interests of minority investors, with clear standards and procedures for decision-making[126]. - The company did not implement any other forms of distribution, such as capital reserve transfers or stock dividends, for the year 2020[125]. - The board of directors and independent directors have approved the dividend distribution plan, which is pending approval from the shareholders' meeting[126]. Corporate Governance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm, ensuring the accuracy and completeness of the financial report[3]. - The company’s financial report has been declared true, accurate, and complete by the responsible persons, including the head of the company and the accounting supervisor[3]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[3]. - The company has not disclosed any special arrangements for corporate governance in the current report[5]. - The company has committed to fulfilling its profit distribution policy as disclosed in the prospectus[142]. Operational Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[3]. - The company’s future plans and development strategies are forward-looking statements that do not constitute substantive commitments to investors, highlighting the need for caution regarding investment risks[5]. - The company faces challenges such as reliance on imported advanced materials and the need for independent innovation to overcome technology blockades from foreign manufacturers[44][47]. - The market for additive manufacturing is still developing, with high application costs and a narrow scope, which may impact future growth[87]. - The company faces risks from international trade dynamics that could affect its production and operations[88]. Industry Position and Market Strategy - The company specializes in industrial-grade metal additive manufacturing (3D printing), providing a complete set of solutions including equipment development, customized product services, and material production[27]. - The company is positioned to benefit from the growing demand for personalized manufacturing driven by advancements in 3D printing technology, which is expected to transform production methods[42][43]. - The company aims to build a complete industrial ecosystem around metal 3D printing services, equipment, and materials, focusing on market demand and innovation[118]. - The company is positioned as the largest domestic supplier of metal additive manufacturing solutions, with plans to expand its product development capabilities[78]. - The company has established a close partnership with Germany's EOS, a leader in metal and polymer 3D printing, enhancing localized service and maintenance for EOS metal additive manufacturing equipment[39]. Environmental and Social Responsibility - The company strictly adheres to labor protection laws, providing a safe and healthy working environment for employees[161]. - The company has achieved multiple quality management certifications, ensuring product safety and customer satisfaction[163]. - The company achieved a dust removal efficiency of over 90% in its laser forming equipment, ensuring minimal emissions during operation[164]. - The company has established measures to reduce noise pollution from equipment, ensuring compliance with environmental noise standards[166]. - The company has implemented a closed-loop system for cooling water, ensuring no discharge into the environment[165]. Shareholder Information - The total number of ordinary shares is 80,000,000, with 17,959,438 shares available for unrestricted circulation and 62,040,562 shares subject to restrictions[169]. - The total number of shareholders increased from 4,766 to 5,262 during the reporting period[173]. - The largest shareholder, Zhe Sheng Yang, holds 21.80% of the shares, totaling 17,441,190 shares[174]. - The company has no controlling shareholder, and the actual controllers include 黄卫东 and 薛蕾, both holding significant positions within the company[179][180]. - The company has a registered capital of 50 million RMB, with 萍乡晶屹商务信息咨询合伙企业 as a major shareholder[182].