DAWEI(002213)2021-04-28 16:00Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 0.1 RMB per 10 shares (including tax) to all shareholders based on 206,000,000 shares[4]. - The cash dividend for 2020 represents 22.90% of the net profit attributable to shareholders, which was 8,993,686.63 yuan[117]. - The total distributable profit for the year 2020 was 106,686,723.07 yuan, with the cash dividend accounting for 100% of the profit distribution[118]. - The company has established a three-year shareholder dividend return plan for 2021-2023, approved by the board and shareholders[112]. - The cash dividend policy is compliant with the company's articles of association and has been transparently communicated to shareholders[113]. - The company did not distribute dividends for the years 2018 and 2019, with net profits of -4,357,461.88 yuan and -1,584,994.17 yuan respectively[114][115]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[113]. - The company has not engaged in any share buybacks or other forms of cash distribution aside from the proposed cash dividend for 2020[118]. Business Transition and Expansion - The company's main business transitioned from solely automotive manufacturing to a dual focus on automotive manufacturing and next-generation information technology during the reporting period[16]. - The company acquired a 60% stake in Shenzhen Xinhui Group Microelectronics Co., Ltd., marking a significant expansion into the microelectronics sector[16]. - The company aims to enhance its market presence through strategic acquisitions and diversification of its business operations[16]. - The company changed its name to "Shenzhen Dawi Innovation Technology Co., Ltd." on August 28, 2020, reflecting its dual focus on automotive manufacturing and new generation information technology[30]. - The company acquired a 60% stake in Chipway Group, focusing on storage chips as a key development direction, enhancing its information business segment[29]. - The company established a wholly-owned subsidiary, Automotive Technology Company, to optimize its organizational structure and enhance operational efficiency[45]. - The company has established seven holding subsidiaries in the new generation information technology sector, enhancing its capabilities in communication devices, data terminals, and integrated circuit products[96]. - The company is committed to a dual strategy of internal growth and external expansion to achieve rapid development and establish a new industrial ecosystem[98]. Financial Performance - The company's operating revenue for 2020 was CNY 387,646,465.68, representing a year-on-year increase of 106.12%[17]. - The net profit attributable to shareholders for 2020 was CNY 8,993,686.63, a significant increase of 461.92% compared to the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,629,472.37, showing a 223.93% improvement year-on-year[17]. - The basic earnings per share for 2020 was CNY 0.0437, reflecting a 460.26% increase from CNY 0.0078 in 2019[18]. - The total assets at the end of 2020 were CNY 508,642,234.02, marking a 9.96% increase from the previous year[18]. - The company reported a total revenue of RMB 151,052,785 for the storage chip segment, with a net profit of RMB 11,857,466, indicating strong performance in this area[89]. - The company achieved a total revenue of CNY 1,185.75 million from the acquisition of Chip汇群, surpassing the original profit forecast of CNY 1,000 million[122]. Research and Development - The company has developed 18 specifications across three major series of electric retarder products, showcasing its R&D capabilities in the automotive sector[33]. - The company has obtained 21 invention patents, 36 utility model patents, and 5 design patents, indicating strong innovation in its automotive business[33]. - The company aims to enhance its software development team and initiate the "Doctor Professor Gathering Plan" and "Academician Leading Plan" to create new core products and competitive capabilities[34]. - The company is actively participating in international competition by strengthening its core competencies in the information technology sector[34]. - R&D expenses amounted to ¥6,773,548.27, a slight increase of 2.34% compared to the previous year, with R&D personnel increasing by 17.14% to 41[66][68]. Market Challenges and Risks - The market for electric retarders is facing challenges due to the decline in traditional fuel bus sales and increased competition in the automotive parts sector[27]. - The automotive business faces market risks due to intense competition and reliance on a single product structure, primarily electric retarder sales[101]. - Fluctuations in raw material prices and declining product sales prices pose operational risks, prompting the company to establish long-term relationships with suppliers[102]. - The automotive segment is affected by national policies on new energy vehicles, leading to a decline in traditional energy vehicle sales, prompting diversification efforts[106]. Corporate Governance and Compliance - The financial report emphasizes the importance of accurate and complete financial disclosures, ensuring compliance with legal responsibilities[3]. - The company has maintained compliance with all commitments made prior to its IPO, ensuring no legal liabilities arise from these commitments[120]. - The company has disclosed its financial performance and commitments through various channels, including the Securities Times and China Securities Journal[122]. - The company received an administrative penalty for improper accounting practices, including inventory impairment testing and government subsidy accounting errors[133]. - The company has implemented a comprehensive self-examination and corrective measures following the administrative penalty[134]. Shareholder Information - The total number of shares after the recent changes is 206,000,000, with 100% being unrestricted shares[182]. - The company reported a total of 7,876 shareholders at the end of the reporting period[187]. - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., holds 40,146,515 shares, accounting for 19.49% of total shares[188]. - The actual controller, Lian Zongmin, is also the chairman and general manager of the company, with a change in control reported on June 29, 2020[191].