PERI(300831)2024-03-29 16:00Financial Performance - The company's operating revenue for 2023 was ¥116,853,097.70, a decrease of 33.53% compared to ¥175,790,774.77 in 2022[24]. - The net profit attributable to shareholders for 2023 was ¥22,019,486.02, down 59.95% from ¥54,979,783.42 in 2022[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,008,839.14, a decline of 68.03% from ¥46,953,953.64 in 2022[24]. - The cash flow from operating activities for 2023 was ¥32,234,547.86, a decrease of 67.79% compared to ¥100,076,207.44 in 2022[24]. - The total assets at the end of 2023 were ¥933,971,500.98, a decrease of 1.43% from ¥947,536,987.75 at the end of 2022[24]. - The company's basic earnings per share for 2023 were ¥0.0688, down 59.98% from ¥0.1719 in 2022[24]. - The company's total revenue for 2023 was ¥116,853,097.70, a decrease of 33.53% compared to ¥175,790,774.77 in 2022[52]. - Revenue from the power electronics industry was ¥116,205,910.33, accounting for 99.45% of total revenue, down 33.78% from ¥175,495,699.55 in the previous year[52]. - Sales volume of power electronic devices decreased by 68.18% to 8,348.52 units in 2023, compared to 26,160.58 units in 2022[54]. - The gross margin for the power electronics industry was 44.51%, down 4.98% from the previous year[53]. Dividend and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 0.1203 CNY per 10 shares (including tax) based on a total of 320,000,000 shares[6]. - The cash dividend distribution plan is set at CNY 0.1203 per 10 shares, totaling CNY 3,849,600.00[134]. - The cash dividend represents 100% of the total profit distribution amount[134]. - The company distributed cash dividends of RMB 0.31 per share, totaling RMB 9,920,000, based on a total share capital of 320,000,000 shares for the 2022 fiscal year[130]. Business Operations and Strategy - The company is actively participating in bidding for UHVDC projects while focusing on product production[3]. - The company has established itself as a leader in the high-voltage, high-power, and large-diameter thyristor sector, capturing a significant share of the domestic market[36]. - The company is focused on expanding its market presence and enhancing its product offerings in the power semiconductor sector[100]. - The company aims to leverage its expertise in power conversion technology to capture new market opportunities[100]. - The company is currently developing key components for direct current transmission technology, aiming to enhance product characteristics and meet diverse customer needs[61]. - The company has a strategic plan to invest in new technologies and product development to drive future growth[100]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market[100]. Research and Development - Approximately 36.87% of the company's workforce is dedicated to research and development, with a team of about 153 personnel[41]. - The company has developed a series of new power devices, including IGCT and FRD, which have been successfully applied in multiple ultra-high voltage flexible direct current transmission projects[40]. - The company is actively involved in the research and development of high-voltage fast recovery diodes to meet the needs of flexible DC transmission applications[49]. - Research and development expenses increased by 31.08% to ¥10,575,269.58, representing 9.05% of total revenue, up from 4.59% in 2022[60][62]. - The company has submitted 12 patent applications during the reporting period, including 4 invention patents[45]. Governance and Compliance - The board of directors consists of six members, including three independent directors, ensuring compliance with relevant laws and regulations[91]. - The company has established a complete and independent financial department, enabling it to make independent financial decisions and manage its own accounting system[94]. - The company has implemented strict information disclosure practices, ensuring timely and accurate communication with investors[92]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and business operations[94]. - The company has established specialized committees within the board, all chaired by independent directors, to provide professional opinions for decision-making[91]. - The company has a transparent performance evaluation and incentive mechanism for senior management, ensuring accountability and compliance with legal standards[92]. Market and Industry Outlook - The power semiconductor industry is expected to grow significantly due to increasing demand from traditional sectors and emerging fields like new energy and IoT, supported by government policies[85]. - The company has accumulated a strong technical foundation in high-power semiconductor devices but faces risks related to technological upgrades and market uncertainties[86]. - The company emphasizes the importance of adapting to market trends and developing new products to meet the evolving demands of the energy sector[86]. - The company has received policy support from the government, which is expected to accelerate the self-sufficiency process in the power semiconductor industry[85]. Employee and Talent Management - The employee composition includes 134 production staff, 18 sales personnel, 153 technical staff, 10 finance staff, 46 administrative staff, and 54 logistics staff[126]. - The company has a total of 2 PhD holders, 42 Master's degree holders, 210 Bachelor's degree holders, 98 diploma holders, and 63 individuals with education below diploma level[126]. - The company has implemented a competitive salary policy to attract and retain talent, ensuring compliance with national labor laws[127]. - The company has established a scientific performance management system to enhance employee motivation and promote business development[127]. - The company has a comprehensive training program aimed at improving employee skills and ensuring professional qualifications[128]. Financial Management and Investments - The company has committed to investing ¥26,931,000.00 in the development of high-power semiconductor devices, with a project completion target set for June 30, 2026[77]. - The company has a remaining balance of ¥58,318,239.46 in its fundraising account as of December 31, 2023[76]. - The company has invested 20 million RMB in bank wealth management products, with no overdue amounts or impairment losses reported[195]. - The company has maintained a stable financial position with no major guarantees or loans reported[193]. Risk Management - The company reported a significant decline in net profit and operating cash flow, raising concerns about its future operational stability[24]. - The company emphasizes the importance of maintaining high standards in corporate governance and operational efficiency[100]. - The internal control system has been continuously improved to enhance operational management and risk prevention[136]. - There were no significant internal control deficiencies identified during the reporting period[139]. Shareholding and Stock Management - The company reported a total shareholding of 2,720,000 shares at the end of the reporting period, with a decrease of 414,400 shares during the period[99]. - The controlling shareholder commits to increase the company's shares by at least 1% but not exceeding 2% of the total share capital within 12 months through centralized bidding on the stock exchange[155]. - The company has a shareholding reduction commitment where no more than 25% of the total shares held can be transferred annually by directors and senior management[154]. - The company has established a mechanism to report any changes in shareholdings to ensure adherence to the commitments made[154].