亚通精工(603190) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥1,722,466,883.26, representing a year-over-year increase of 26.13% compared to ¥1,365,589,262.86 in 2022[22]. - Net profit attributable to shareholders for 2023 was ¥150,093,482.76, a 10.47% increase from ¥135,864,948.73 in 2022[22]. - The net cash flow from operating activities decreased significantly by 168.54% to -¥105,113,566.30, primarily due to increased accounts receivable and inventory[23]. - The company's total assets increased by 38.46% to ¥3,520,528,976.17 in 2023, up from ¥2,542,622,531.88 in 2022, mainly due to funds raised from the IPO[25]. - The net assets attributable to shareholders rose by 78.42% to ¥2,058,816,188.87 in 2023, compared to ¥1,153,893,596.66 in 2022[24]. - Basic earnings per share for 2023 were ¥1.31, down 13.25% from ¥1.51 in 2022[23]. - The weighted average return on equity decreased to 8.04% in 2023, down 4.43 percentage points from 12.47% in 2022[23]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares, totaling 48 million RMB, which represents 31.98% of the net profit attributable to shareholders for 2023[4]. - The company has not proposed any stock dividends or capital reserve transfers for this fiscal year[4]. - The company’s profit distribution plan for 2022 included a cash dividend of 3 million RMB, accounting for 26.50% of the net profit attributable to shareholders[124]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report[3]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[6]. - The company confirmed that all board members attended the board meeting, ensuring governance compliance[8]. Risks and Challenges - The company has outlined potential risks related to policy and market conditions in the management discussion section of the report[7]. - The company faces risks related to declining gross margins due to the automotive industry's pricing strategies, which could impact profitability[90]. - The company is exposed to raw material price volatility risks, particularly in steel, which could affect production costs and gross margins[91]. - The company anticipates potential adverse effects on sales and specialized services due to a downturn in the coal industry and reduced demand for mining equipment[92]. Research and Development - The company added 12 new patents in 2023, enhancing its technological innovation capabilities[33]. - Research and development expenses increased by 37.14% to CNY 60,942,217.81, driven by investments in lightweight automotive components and mining auxiliary transport equipment[50]. - The total R&D expenditure for the period amounted to ¥60,942,217.81, representing 3.54% of the operating revenue[64]. - The number of R&D personnel is 238, accounting for 10.57% of the total workforce[65]. Market and Sales Performance - The sales revenue from the commercial vehicle segment grew by 49.56%, while the passenger vehicle segment increased by 30.51%[32]. - The sales revenue from the new energy vehicle business reached 229.14 million yuan, a significant year-on-year increase of 334.02%[33]. - The company continues to strengthen partnerships with major clients, including China National Heavy Duty Truck Group and SAIC Motor, ensuring stable revenue streams[43]. - The company employs a direct sales model for its products, focusing on customized development based on client specifications[42]. Employee and Management Structure - The total number of employees at the parent company and major subsidiaries is 2,252, with 1,892 in production, 238 in technology, and 47 in sales[118]. - The company has established a performance evaluation system for middle and senior management, with compensation determined by the Compensation and Assessment Committee and the Board of Directors[120]. - The remuneration of directors, supervisors, and senior management is determined based on market conditions and the company's profitability[105]. Environmental and Social Responsibility - The company invested 1.3799 million yuan in environmental protection during the reporting period[135]. - The company reduced carbon emissions by 1,191 tons through collaboration on a solar power project[137]. - The company has established an environmental management system and has been certified under GB/T24001-2016/ISO14001:2015[136]. - The company conducts regular environmental monitoring and has implemented emergency response plans for environmental incidents[136]. Governance and Board Activities - The company has proposed to renew the appointment of the accounting firm and confirmed the remuneration plans for directors and supervisors for 2022 and 2023[96]. - The company is committed to maintaining transparency and governance by revising its articles of association and adjusting independent director remuneration[96]. - The board of directors is actively involved in overseeing the company's strategic direction and performance evaluation[105]. - The audit committee convened four times during the reporting period, approving the 2022 annual financial report and the first quarter report for 2023[113]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 14,691, down from 15,929 at the end of the previous month[191]. - The top ten shareholders hold a total of 38,333,456 shares, representing 31.94% of the total shares[194]. - The largest shareholder, Jiao Zhaoming, has 38,333,456 shares with a lock-up period until August 17, 2026[199]. - The company has identified Jiao Zhaoming as the actual controller, with family ties to other major shareholders[200].