SPEED(300322)2024-04-12 16:00Financial Performance - The company reported a decline in net profit attributable to shareholders for 2023 due to losses in fingerprint module, new energy components, and thermal components businesses[4]. - The company plans to not distribute cash dividends, issue bonus shares, or increase share capital from reserves for the year[5]. - The company has made provisions for asset impairment based on prudent principles, impacting overall financial performance[4]. - The company's operating revenue for 2023 was ¥1,652,769,308.17, representing a 6.92% increase compared to ¥1,545,732,661.62 in 2022[25]. - The net profit attributable to shareholders was -¥194,561,319.72, a decrease of 124.65% from -¥86,605,158.85 in the previous year[25]. - The net cash flow from operating activities was -¥84,130,314.78, a significant decline of 157.40% compared to ¥146,559,834.19 in 2022[25]. - The total assets at the end of 2023 were ¥2,883,539,924.87, down 3.69% from ¥2,994,159,895.95 at the end of 2022[25]. - The net assets attributable to shareholders decreased by 16.00% to ¥1,034,057,686.68 from ¥1,231,001,194.35 in 2022[25]. - The basic and diluted earnings per share were both -¥0.42, a decline of 121.05% from -¥0.19 in 2022[25]. - The company experienced a net loss of -¥12,410,461.60 from non-recurring gains and losses in 2023, compared to a gain of ¥36,237,800.72 in 2022[33]. - The company has acknowledged uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[27]. Market Conditions - The company is facing challenges due to the global economic slowdown and slow recovery in consumer electronics demand[4]. - The global smartphone shipment is projected to recover in 2024, with an estimated 1.519 billion units shipped by 2025, driven by the further adoption of 5G applications[39]. - The new energy vehicle market in China is expected to grow at a compound annual growth rate of 35.1%, reaching a scale of 15.98 million units by 2026[40]. - Fixed asset investment in China's telecommunications industry reached ¥420.5 billion in 2023, with 5G investments totaling ¥190.5 billion, a year-on-year increase of 5.7%[38]. - In 2023, the production and sales of new energy vehicles in China reached 9.587 million and 9.495 million units, respectively, representing year-on-year growth of 35.8% and 37.9%[40]. Research and Development - The company holds 225 patents, including 53 invention patents, demonstrating its strong research and development capabilities in the communication industry[44]. - Research and development expenses amounted to ¥155,161,800, accounting for 9.39% of total revenue, with a focus on fields such as satellite antennas and millimeter-wave radar antennas[47]. - The number of R&D personnel increased by 5.33% to 474 in 2023[61]. - The company invested 200 million RMB in R&D for new technologies, focusing on 5G and IoT applications[120]. Operational Strategy - The company has adopted a just-in-time procurement model to minimize inventory risks associated with customized products[43]. - The company has initiated the "Automotive Business Headquarters Project" to expand its production lines for new energy vehicle components and smart automotive electronics[46]. - The company has established multiple manufacturing bases in regions including Huizhou, Suzhou, Anhui, and Vietnam, enhancing its production capacity[45]. - The company has improved production efficiency through existing equipment to meet customer demand despite the slowdown in market conditions[84]. - The company plans to allocate funds to the "Automotive Business Headquarters Project" and "Permanent Supplement of Working Capital" due to the rapid development of the new energy vehicle market[88]. Governance and Compliance - The report indicates that all board members attended the meeting to review the annual report, ensuring accountability[4]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and plans[4]. - The company has established a governance structure that ensures effective operation among the shareholders' meeting, board of directors, supervisory board, and management[155]. - The company maintains independence in operations, assets, and finances, adhering to relevant laws and regulations[106]. - The company has a clear asset relationship with its controlling shareholders, ensuring no asset or fund occupation that harms other shareholders' interests[107]. - The company held 1 annual and 2 temporary shareholder meetings during the reporting period, ensuring compliance with legal procedures[104]. Employee and Management - The total number of employees at the end of the reporting period is 2,473, with 1,112 in the parent company and 1,361 in major subsidiaries[140]. - The professional composition includes 1,451 production personnel, 150 sales personnel, 474 technical personnel, 51 financial personnel, and 347 administrative personnel[140]. - The company has established a performance-based compensation policy that includes basic salary and performance bonuses, aligning with individual responsibilities and company performance[141]. - Employee training programs are conducted through a combination of online and offline methods to enhance professional skills and overall quality[142]. Environmental and Social Responsibility - The company received the "Pollution Reduction and Carbon Reduction Demonstration Award" from the Huizhou Zhongkai High-tech Industrial Development Zone Management Committee for its efforts in reducing carbon emissions[154]. - The company has implemented measures to reduce energy consumption and promote paperless operations, contributing to a stable operation of its rooftop solar photovoltaic power generation project[154]. - The company has not reported any significant environmental penalties during the reporting period, adhering to various environmental protection laws[154]. Future Outlook - The company provided guidance for 2024, expecting revenue to grow by 20% to 1.44 billion RMB[120]. - The company plans to expand its market presence and enhance product development in the upcoming year[189]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[189].