TXD(002845)2024-04-15 14:09Market Performance - In 2023, the global smartphone shipment volume reached 1.15 billion units, with a year-on-year decline of 4%[24]. - The global tablet shipment volume was 135 million units, down 15.5% year-on-year[24]. - The global notebook shipment volume reached 167 million units, representing a year-on-year decline of 10.2%[24]. - The display driver chip packaging market in China is expected to reach ¥6.68 billion in 2023, with projections to grow to ¥8.03 billion by 2025[119]. - The company’s domestic revenue accounted for 75.69% of total revenue, while international revenue was 24.31%[139]. Financial Performance - The company achieved operating revenue of 851,402.86 thousand yuan, an increase of 1.13% year-on-year, and a net profit attributable to shareholders of 48,001.6 thousand yuan, up 219.46% year-on-year[39]. - The company's operating revenue for 2023 was ¥8,514,028,612.44, representing a year-over-year increase of 1.13% from ¥8,418,763,622.18 in 2022[108]. - The net profit attributable to shareholders for 2023 was ¥48,001,583.95, a significant recovery from a loss of ¥40,180,716.05 in 2022, marking a 219.46% increase[108]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,383,339.00, compared to a loss of ¥217,133,522.01 in the previous year, reflecting a 109.85% improvement[108]. - The basic earnings per share for 2023 were ¥0.15, a recovery from a loss of ¥0.15 in 2022, indicating a 200.00% increase[108]. Cash Flow and Investments - The total cash inflow from operating activities for 2023 was approximately ¥8.33 billion, an increase of 12.54% compared to ¥7.40 billion in 2022[76]. - The total cash outflow from operating activities for 2023 was approximately ¥7.98 billion, an increase of 22.70% compared to ¥6.50 billion in 2022[76]. - The net cash flow from operating activities decreased by 60.47% to approximately ¥357.46 million in 2023 from ¥904.30 million in 2022[76]. - The total cash inflow from investing activities surged by 445.61% to approximately ¥295.66 million in 2023 from ¥54.19 million in 2022[76]. - The total cash outflow from investing activities increased by 89.79% to approximately ¥882.14 million in 2023 from ¥464.81 million in 2022[76]. Research and Development - The company focuses on R&D in various sectors, including automotive, industrial control, AR/VR, and MiniLED backlighting[38]. - The company has completed several key R&D projects, including the development of 18~22um thick copper FPC modules and 0.08mm microvia FPC modules, enhancing technical capabilities and market share[152]. - The company has developed a testing tool for three connectors to ensure product quality by detecting short circuits and open circuits, enhancing quality inspection capabilities[63]. - The company has completed the development of a semi-reflective TFT LCD module, which meets outdoor display and green display requirements, and is ready for automated mass production[62]. - The company has successfully developed a high-refresh rate a-Si TFT display module, enhancing product performance and expanding the product range, with mass production technology preparation completed[62]. Operational Efficiency - The company’s operational efficiency from order to delivery is approximately 35 days, significantly outperforming competitors[43]. - The company has established a deep information management system, enhancing production management efficiency significantly[133]. - The company’s gross profit margin improved by 2.00% to 8.14%, while operating costs decreased by 1.03% year-on-year[53]. - The company has invested heavily in smart manufacturing platforms to ensure high-quality products and timely delivery[127]. - The company has established a list of qualified suppliers, ensuring that each type of production material has at least two alternative suppliers, which stabilizes procurement channels[38]. Product Development - The company has expanded its optical camera module product range from 8M to 104M pixels, targeting various applications including laptops and smart homes[28]. - The company is currently working on the application research of domestic APF materials, focusing on design and production requirements to enhance product performance and market expansion[63]. - The company has completed the design and development of a 1.95-inch OLED wearable product display module, ready for mass production, expanding its product offerings[64]. - A 2.4-inch WiFi product display module is in development, focusing on touch sensing and gesture recognition technologies, with mass production preparation ongoing[64]. - The mini LED backlight board solution has been completed, enhancing the company's R&D capabilities and providing a technical foundation for future development[64]. Supplier and Customer Relations - The company has developed a comprehensive customer cooperation system, forming stable partnerships with major players in the industry chain[30]. - The company has signed significant sales contracts, with the top five suppliers accounting for 27.40% of the total annual procurement amount[57]. - The total sales amount of the top five customers reached ¥4,544,584,776.28, accounting for 53.37% of the annual total sales[149]. - The company maintains strong partnerships with major smartphone solution providers and global brands, enhancing its competitive position in the market[118]. - The company plans to enhance its market development efforts with domestic and international smartphone manufacturers, including major brands like Samsung and Huawei[125]. Debt and Financial Obligations - The company reported a total debt guarantee amount of 300,000 for multiple contracts, with varying amounts due at different dates[199]. - The highest individual debt guarantee recorded was 39,000, due on June 22, 2022[199]. - A debt guarantee of 14,400 is due on March 29, 2023, indicating ongoing financial commitments[199]. - The company has established a pattern of issuing debt guarantees, with amounts varying from 4,970 to 39,000 across different contracts[199]. - The company reported no violations of environmental regulations during the reporting period, ensuring compliance with various environmental laws[176].