CBG(000009)2024-04-15 13:22Financial Performance - The company's operating revenue for 2023 was ¥30,697,118,102.02, a decrease of 4.07% compared to ¥31,998,720,906.66 in 2022[13]. - The net profit attributable to shareholders for 2023 was ¥756,459,343.67, reflecting a decline of 34.63% from ¥1,156,580,360.59 in 2022[13]. - The basic earnings per share for 2023 decreased by 34.62% to ¥0.2933 from ¥0.4484 in 2022[13]. - The total assets at the end of 2023 were ¥50,100,025,790.84, down 4.37% from ¥52,293,310,406.08 at the end of 2022[14]. - The net assets attributable to shareholders increased by 8.73% to ¥9,932,193,503.06 at the end of 2023, compared to ¥9,133,813,548.67 at the end of 2022[14]. - The company reported a significant increase in cash flow from operating activities, reaching ¥5,961,670,281.05, a 1,952.38% increase from ¥290,476,146.61 in 2022[13]. - The total operating cost for 2023 was ¥24,312,795,327.51, reflecting a decrease of 5.09% compared to the previous year[42]. - The company reported a gross profit margin of 20.80% for its overall operations, with a slight increase of 0.86% year-on-year[42]. Dividend Distribution - The company plans to distribute a cash dividend of 0.45 yuan per 10 shares to all shareholders, based on a total of 2,579,213,965 shares[2]. - The company reported a net profit of CNY 756,459,343.67 for the fiscal year, with a distributable profit of CNY 236,913,499.03[111]. - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, totaling CNY 116,064,628.43, which represents 100% of the profit distribution[111]. Business Operations and Strategy - The company reported significant changes in its business scope, including investments in high-tech industries such as new materials and renewable energy since August 2014[11]. - The company operates in various sectors, including real estate development, logistics, and high-tech industries[11]. - The company focuses on high-tech industries, including new materials, new energy vehicles, precision parts manufacturing, and military applications[26]. - The company aims to enhance operational efficiency and improve business performance in the real estate sector by reducing inventory and promoting sales[25]. - The company aligns its high-tech industry development strategy with national strategies, indicating a broad development prospect[22]. - The company is expanding its lithium battery materials and new energy vehicle components, with a complete supply chain and leading global market share in lithium battery anode materials[29]. - The company is investing in new projects, including a planned 50,000-ton lithium battery cathode materials project in Morocco[32]. Risk Management - The company emphasizes the importance of risk factors and their management strategies in its future development outlook[2]. - The company faces risks related to industry policies and technological obsolescence, which could affect its operations in high-tech sectors[78]. - The company emphasizes the importance of strategic cooperation within the supply chain to mitigate risks and enhance stability[76]. - The company aims to enhance risk control and management levels in real estate to adapt to changing policies and market conditions[80]. - The company emphasizes that its derivative trading activities do not harm the interests of shareholders, particularly minority shareholders[69]. Corporate Governance - The company has a strong commitment to corporate governance and social responsibility, as outlined in its annual report[5]. - The company has established an independent governance structure, ensuring no major discrepancies with legal and regulatory requirements[84]. - The company’s largest shareholder holds 18.39% of total shares, with no controlling shareholder, ensuring operational independence[84]. - The annual shareholders' meeting had a participation rate of 41.22%, reflecting shareholder engagement in corporate governance[86]. - The company has maintained stable leadership since June 2019, with no changes in key positions reported[88]. - The management team consists of experienced professionals with backgrounds in finance, law, and management[90][91]. Research and Development - The company has successfully developed high-capacity silicon-based anode materials, achieving mass production and supply to multiple leading domestic and international battery companies[52]. - The company has developed low-cost, long-cycle artificial graphite for large-scale energy storage projects, achieving over 10,000 cycles and supplying leading domestic energy storage customers[52]. - The sodium-ion layered oxide development aims to meet market demand for high-performance sodium-ion battery materials, with ton-level sales achieved[51]. - The company has established a comprehensive training program aimed at developing a learning organization, including various training initiatives for employees[108]. Environmental Responsibility - The company strictly adheres to various environmental protection laws and standards in its operations[120]. - The company and its subsidiaries are classified as key pollutant discharge units by environmental protection authorities[119]. - The total COD emissions amounted to 0.02098 tons, with ammonia nitrogen at 0.00015 tons, phosphate at 0.00029 tons, suspended solids at 0.05800 tons, and BOD at 0.02566 tons[122]. - The company has implemented various pollution control measures to comply with national and provincial standards[124]. - The company processed 60 tons of industrial wastewater daily, achieving compliance through a series of treatments including pH adjustment and oxidation[126]. Financial Position - Current ratio increased to 1.84 from 1.45, a rise of 26.90%[185]. - Debt-to-asset ratio decreased to 58.04% from 64.04%, a reduction of 6.00%[185]. - Shareholders' equity reached RMB 21,023,156,168.81, an increase of 11.6% compared to RMB 18,842,377,093.32 in the previous year[199]. - The company's retained earnings rose to RMB 5,480,925,821.68, up from RMB 4,814,738,966.78, reflecting a growth of 13.8%[199]. - The total amount raised from the corporate bonds issued in 2021 was CNY 30,000 million, all of which has been utilized[177]. Subsidiaries and Investments - The company signed 16 new subsidiaries and removed 8 from the consolidation scope during the reporting period[46]. - The subsidiary Better Ray (Hong Kong) signed a supplementary agreement for a joint venture project to produce 80,000 tons of lithium battery anode materials, adjusting the construction site to include two locations in Indonesia[160]. - The subsidiary Youcheng Technology submitted materials for public stock issuance and entered the counseling phase for listing on the Beijing Stock Exchange[161]. - The total number of shares after the recent changes is 2,579,213,965, with 98.92% being unrestricted shares[164].