SGT(SZ:002808)2024-09-02 11:55Financial Performance - The company's operating revenue for 2023 was ¥154,419,554.20, a decrease of 6.89% compared to ¥165,844,793.50 in 2022[10]. - The net profit attributable to shareholders for 2023 was -¥32,607,275.17, representing a decline of 48.83% from -¥20,687,864.00 in 2022[10]. - The total assets at the end of 2023 were ¥439,675,531.00, a decrease of 10.41% from ¥490,750,948.94 at the end of 2022[10]. - The net assets attributable to shareholders decreased by 7.12% to ¥343,237,717.89 at the end of 2023 from ¥369,553,662.73 at the end of 2022[10]. - The basic earnings per share for 2023 was -¥0.121, a decline of 47.56% from -¥0.077 in 2022[10]. - The company reported a net loss of ¥2,381,336.44 for the year 2023, compared to a profit of ¥21,372,729.70 in the previous year[190]. - The company's gross profit margin decreased, with operating costs representing 110% of operating revenue in 2023[193]. - The total comprehensive loss for 2023 was -42,820,069.63 CNY, compared to 1,917,698.86 CNY in 2022[196]. Cash Flow and Investments - The net cash flow from operating activities improved by 85.40%, reaching -¥5,048,302.16 in 2023 compared to -¥34,566,434.16 in 2022[50]. - Operating cash inflow decreased by 37.02% to ¥168,793,713.17 in 2023 from ¥268,027,190.98 in 2022[49]. - Investment cash inflow increased by 8.40% to ¥252,688,590.59 in 2023 from ¥233,101,994.00 in 2022[50]. - Net cash flow from investing activities decreased by 44.52%, amounting to -¥34,982,911.02 in 2023 compared to -¥24,206,422.34 in 2022[51]. - The total cash and cash equivalents at the end of 2023 were 20,536,767.06 CNY, a decrease from 60,785,012.12 CNY at the end of 2022, representing a decline of approximately 66.2%[200]. Revenue Breakdown - Revenue from laser OPC drums decreased by 4.32% compared to the same period last year[24]. - Revenue from toner, drum, and other consumables declined by 29.60% year-on-year[24]. - Revenue from the manufacturing sector was ¥137,893,186.44, accounting for 89.30% of total revenue, down 4.32% from ¥144,111,934.55 in 2022[36]. - Trade revenue decreased significantly by 29.60% to ¥9,555,624.45, down from ¥13,573,380.67 in 2022, representing 6.19% of total revenue[36]. Internal Control and Audit - The company has received a negative opinion on internal control audit from Suya Jin Cheng Accounting Firm[2]. - The financial report has been audited and confirmed as accurate by the accounting firm[1]. - A significant internal control deficiency was identified related to accounting errors from previous years, which will be corrected by April 25, 2024[126]. - The internal control audit report issued a negative opinion due to significant deficiencies in financial reporting controls[132]. Corporate Governance - The company has established a robust information disclosure system to ensure transparency and compliance with regulations[89]. - The company has conducted three shareholder meetings during the reporting period, ensuring equal treatment of all shareholders[82]. - The company has a complete independent R&D, production, and sales system, demonstrating its capability to operate autonomously[91]. - The company maintains independence from its controlling shareholder, ensuring that its assets, operations, and financials are not dependent on them[90]. Strategic Initiatives - The company is focusing on digital transformation to enhance production efficiency and product quality amid increasing competition in the imaging consumables industry[18]. - The company is expanding its product offerings in the information security sector, with a complete business system for software development and security integration[22]. - The company is positioned to benefit from the growing demand for information security products and services, particularly from government and large enterprises[28]. - The company aims to enhance its core competitiveness in the imaging consumables industry through continuous technological innovation and product development, focusing on organic photoconductors and advanced functional materials like toner[68]. Market and Competition - The market for organic photoconductors and toner is expected to grow due to increasing demand for office equipment and environmentally friendly consumables[67]. - The company aims to enhance its competitive advantage by improving product quality and pricing strategies in the face of intense market competition[67]. - The original equipment manufacturer (OEM) market for OPC is still dominated by foreign brands, while the generic consumables market is increasingly occupied by domestic companies[67]. Shareholder Relations - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares (including tax) based on a total of 268,800,000 shares[2]. - The total cash dividend represents 100% of the distributable profit of 8,977,750.43 yuan[122]. - The company has a clear and transparent profit distribution policy, with independent directors ensuring the protection of minority shareholders' rights[121]. Compliance and Legal Matters - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[165]. - The company has not reported any significant litigation or arbitration matters during the reporting period[157]. - The company has not experienced any bankruptcy reorganization or significant penalties during the reporting period[156][157].