BLT(688333)2024-03-27 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 141,593,578.57 for the fiscal year 2023[6]. - The company achieved operating revenue of CNY 1,232,387,091.29, representing a year-on-year increase of 34.24%[47]. - Net profit attributable to shareholders reached CNY 141,593,578.57, an increase of 78.11% compared to the previous year[47]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 105,644,193.85, reflecting a significant increase of 255.07% year-on-year[47]. - The company's operating revenue for the reporting period was 1.23 billion CNY, reflecting a growth of 34.24% compared to the previous year, with operating profit increasing by 137.02% to 138.61 million CNY[57]. - The company achieved a basic earnings per share of 0.89 CNY, a diluted earnings per share of 0.87 CNY, and a basic earnings per share excluding non-recurring gains and losses of 0.66 CNY, representing increases of 27.14%, 27.94%, and 153.85% respectively compared to the previous year[49][50]. Dividend and Share Capital - The proposed cash dividend distribution is RMB 1.46 per 10 shares, totaling RMB 28,341,540.44[6]. - The board of directors has approved the profit distribution plan, which will be submitted for shareholder approval at the annual meeting[6]. - The company plans to increase its total share capital from 194,120,140 shares to 271,768,196 shares through a capital reserve transfer of 4 shares for every 10 shares held[6]. - The company completed the second vesting period of the 2020 restricted stock incentive plan on September 15, 2023, with a total of 358,680 shares vested, bringing the total share capital to 160,240,535 shares[109]. - On December 26, 2023, the company completed the registration of securities related to the issuance of 32,048,107 A-shares to specific investors, increasing the total share capital to 192,288,642 shares[109]. Research and Development - The company has committed to ongoing research and development in new products and technologies to enhance its market position[7]. - The company's R&D investment accounted for 16.42% of operating revenue, with total R&D expenditure increasing by 24.51% year-on-year[32]. - The company aims to address manufacturing challenges related to lightweight structures and complex geometries through its innovative 3D printing solutions[62]. - The company has developed advanced metal 3D printing technologies, including Selective Laser Melting (SLM) and Wire Arc Additive Manufacturing (WAAM), enhancing its capabilities in customized manufacturing[60][61]. - The company is focusing on expanding its market presence in aerospace, industrial machinery, energy, and medical research sectors, leveraging its metal additive manufacturing technology[61]. Operational Efficiency and Costs - The company's net cash flow from operating activities was CNY -130,639,244.11, indicating a worsening cash outflow compared to CNY -107,524,514.96 in the previous year[47]. - Total operating costs for 2023 were ¥1,097,880,618.34, up from ¥886,292,843.51 in 2022, reflecting a growth of 23.8%[185]. - Management expenses decreased to ¥150,961,826.60 in 2023 from ¥221,012,772.58 in 2022, showing a reduction of 31.6%[185]. - The company has successfully reduced operational costs by L%, contributing to improved profit margins[190]. Risk Management and Compliance - The company has outlined various risks faced during operations in the annual report, emphasizing the importance of investor awareness regarding these risks[4]. - The company emphasizes the importance of compliance with decision-making procedures in its financial disclosures[8]. - The management emphasized the importance of maintaining strong credit risk assessments, with a focus on minimizing bad debt provisions[192]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[20]. - The company has not utilized idle raised funds to temporarily supplement working capital[105]. Corporate Governance and Communication - The company emphasizes effective communication with investors and holds regular performance briefings led by the chairman and senior management[128]. - The company has established multiple effective channels for investor communication and actively addresses shareholder inquiries and suggestions[128]. - The company adheres to information disclosure obligations, ensuring fairness and accuracy in its communications with shareholders[127]. - The company has no controlling shareholder, ensuring independence in operations and decision-making[129]. Audit and Financial Reporting - The audit report issued by Xinyong Zhonghe Accounting Firm confirms the accuracy and completeness of the financial statements[5]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2023[150]. - The management's use of the going concern assumption is deemed appropriate, but there are significant uncertainties that could impact the company's ability to continue as a going concern[199]. - If significant uncertainties are identified, the audit standards require the company to disclose relevant information in the financial statements[199]. - Insufficient disclosures may lead to a non-unqualified audit opinion being issued[199].