Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 261,422 million, representing a 7.3% increase from RMB 243,550 million in 2022[3]. - Gross profit increased by 8.2% to RMB 80,703 million compared to RMB 74,590 million in the previous year[3]. - Adjusted operating profit rose by 14.9% to RMB 17,250 million from RMB 15,014 million in 2022[3]. - Net profit for the year was RMB 16,732 million, a 13.6% increase from RMB 14,733 million in 2022[3]. - Basic earnings per share increased to RMB 1.79, up 13.3% from RMB 1.58 in the previous year[3]. - Proposed dividend per 10 shares is RMB 8.04, compared to RMB 5.67 in 2022[3]. - Non-controlling interests profit surged by 542.9% to RMB 135 million from RMB 21 million in 2022[3]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 133,297 million, an increase from RMB 117,132 million in 2022[8]. - Current liabilities totaled RMB 120,083 million, slightly up from RMB 118,886 million in the previous year[8]. - Non-current liabilities increased to RMB 27,385 million from RMB 22,382 million in 2022[8]. - The total equity attributable to the owners of the company increased to RMB 103,514 million in 2023 from RMB 93,459 million in 2022, representing a growth of approximately 10.9%[9]. - The company's reserves rose to RMB 94,076 million in 2023, up from RMB 84,012 million in 2022, indicating an increase of about 11.8%[9]. - The total equity of the company reached RMB 105,912 million in 2023, compared to RMB 94,750 million in 2022, reflecting a growth of approximately 11.7%[9]. Segment Performance - The segment performance for the cooking solutions segment was RMB 5,026 million, up from RMB 4,244 million in the previous year, indicating a growth of about 18.4%[16][17]. - The air energy solutions segment generated revenue of RMB 46,104 million, compared to RMB 40,758 million in 2022, reflecting an increase of approximately 13.0%[16][17]. - The segment for household laundry solutions reported revenue of RMB 15,336 million, an increase from RMB 14,134 million in 2022, reflecting a growth of approximately 8.5%[16][17]. Market and Revenue Growth - Revenue from Mainland China reached RMB 125,010 million, up 7.4% from RMB 116,791 million in 2022[22]. - North America revenue increased to RMB 79,751 million, a rise of 4.2% from RMB 76,630 million in the previous year[22]. - Revenue from overseas markets reached RMB 136,412 million, up 7.6% from RMB 126,759 million in 2022[116]. Research and Development - Research and development costs for 2023 were RMB 10,221 million, an increase of 7.5% from RMB 9,507 million in 2022[27]. - The company continues to invest in R&D and manufacturing integration to enhance efficiency and profitability in core components[42]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Shanghai Haier Intelligent Technology Co., Ltd. for approximately RMB 70 million in January 2023[14]. - The acquisition of 100% equity in Zhengzhou Haiyongxin Enterprise Management Co., Ltd. was completed for approximately RMB 25 million in December 2023[14]. - The company announced the acquisition of Carrier Refrigeration Benelux B.V. for approximately USD 640 million, expanding into the commercial refrigeration sector[49]. Cash Flow and Capital Expenditures - Cash flow from operating activities amounted to RMB 25.262 billion, reflecting a year-on-year increase of 24.7%[37]. - Capital expenditures for the year amounted to RMB 9,907 million, an increase from RMB 8,209 million in 2022, with RMB 4,825 million spent in China and RMB 5,082 million overseas, mainly for factory and equipment construction[140]. Shareholder Returns - The proposed final dividend for 2023 is RMB 7,471 million, up from RMB 5,298 million in 2022, representing an increase of approximately 41%[28]. - The board proposed a final cash dividend of RMB 8.04 per 10 shares, amounting to approximately RMB 7.47 billion, representing 45.01% of the profit attributable to shareholders[148]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, with a review of the separation of roles between the chairman and CEO[153]. - The audit committee has reviewed the financial statements for the year ended December 31, 2023, with no disagreements noted regarding accounting principles and practices[155]. Market Challenges and Risks - The company faces risks from macroeconomic slowdowns that could reduce market demand for durable consumer goods[112]. - The company is exposed to raw material price fluctuations, which could impact production costs and operational performance[112].
海尔智家(06690) - 2023 - 年度业绩