SKYWORTHDT(000810)2024-03-21 16:00Financial Performance - The total cash inflow from operating activities in 2023 was ¥13,405,067,642.64, a decrease of 4.92% compared to ¥14,098,611,060.02 in 2022[17]. - The net cash flow generated from operating activities decreased by 70.49% to ¥475,251,923.52 in 2023 from ¥1,610,404,079.41 in 2022[17]. - The total operating revenue for 2023 was CNY 10,627,451,359.55, a decrease of 11.50% compared to CNY 12,008,581,541.31 in 2022[155]. - The net profit attributable to shareholders for 2023 was CNY 60,206.77 million, a decrease of 26.85% year-on-year[165]. - The gross profit margin for the company was 16.75% in 2023[165]. - Operating costs decreased by 10.51% to CNY 8.85 billion in 2023 from CNY 9.89 billion in 2022[154]. - The company achieved operating revenue of CNY 10.63 billion in 2023, a decrease of 11.50% compared to CNY 12.01 billion in 2022[154]. - The company reported a significant loss in derivative financial assets amounting to 8.22 million yuan during the reporting period[21]. Investment Activities - The total cash outflow from investment activities increased by 135.49% to ¥615,582,986.93 in 2023 from ¥261,399,901.13 in 2022[17]. - The company raised a total of 102.67 million yuan through the issuance of convertible bonds, with 32.28 million yuan utilized during the reporting period[26]. - The company has committed investments in projects such as smart upgrades for set-top boxes and automotive intelligent driving assistance systems, with total committed investments of 103.13 million yuan[28]. - The total amount of funds raised through the issuance of convertible bonds was RMB 1,040 million, with a net amount of RMB 1,031.29 million after deducting issuance costs[52]. - The company has invested RMB 566.52 million in fundraising projects, including RMB 81.49 million for pre-investment projects[52]. Research and Development - The company has completed several R&D projects, including an AI-based gaming box and a NAS data storage solution, which are now in the market promotion phase[13]. - The company is developing an 8K IPTV smart set-top box software platform, which is currently in the development stage and aims to lead industry standards[13]. - The company has established six R&D institutions in cities including Shenzhen, Wuhan, and London, enhancing its technological capabilities[145]. - The company is actively involved in research and development, focusing on energy-saving technologies for digital television and ultra-high-definition equipment, indicating a commitment to innovation in smart hardware[142]. - The company is investing in R&D for XR technologies, including spatial perception algorithms and three-dimensional reconstruction, to enhance its core capabilities[100]. Market Expansion - The company plans to expand its market presence in overseas regions, including India, Asia-Pacific, Middle East, Africa, and Latin America, focusing on increasing market share for digital set-top boxes[40]. - The company is actively expanding its overseas broadband access network products in regions such as Southeast Asia, South Asia, the Middle East, Africa, Latin America, and Europe, leveraging strong partnerships with telecom operators[91]. - The company is enhancing its market presence in overseas regions such as Europe, Latin America, India, Africa, and the Middle East, with stable order fulfillment and increasing market share[167]. - The company is expanding into new markets, including Australia and the United States, focusing on telecommunications and integrated business operators[149]. - The company is focused on enhancing its competitive position in the automotive electronics sector through new investments in production lines and facilities[54]. Corporate Governance - The company has established a robust corporate governance structure, ensuring effective operation of the board of directors and supervisory board[133]. - The company emphasizes the independence of its business, personnel, assets, organization, and finances[138]. - The company is focused on enhancing corporate governance in line with legal and regulatory requirements[135]. - The company has made changes in its board of directors, including the election of new supervisors and management personnel[141]. - The company maintains a strong focus on governance and compliance, ensuring independence from its controlling shareholders and safeguarding shareholder interests[110]. Shareholder Engagement - The company has established a cash dividend plan in accordance with regulations for shareholder returns from 2023 to 2025[197]. - The dividend standards and ratios are clear and well-defined[199]. - The decision-making procedures and mechanisms for dividends are complete[199]. - Minority shareholders have had sufficient opportunities to express their opinions and their legal rights have been adequately protected[199]. - The annual general meeting in April 2023 had an investor participation rate of 59.90%[137]. Product Development - The company is actively exploring new product forms and integrating AIGC capabilities into existing products, including smart OTT boxes and projectors[168]. - The company has launched the "8K Self-Revolution Chip" Tencent Aurora Box 5Pro series in the domestic market, with plans for mass procurement of 8K smart boxes by major telecom operators in 2024[92]. - The company is focusing on the development of AI applications and smart home solutions, preparing for future commercial promotion[170]. - The company is exploring external growth strategies through investments, mergers, and strategic alliances, particularly in the automotive smart business and third-party content and application sectors[75]. - The company is committed to corporate social responsibility and sustainable development, as evidenced by its initiatives in energy-efficient technology[142].