ShaanGu(601369)2024-04-17 09:22Financial Performance - In 2023, the company achieved a net profit growth of 4.30%, with a parent net profit increase of 5.36% and earnings per share rising by 5.58% compared to the previous year[7]. - The company's operating revenue for 2023 was CNY 10,142,916,595.47, a decrease of 5.79% compared to CNY 10,766,047,048.52 in 2022[68]. - Net profit attributable to shareholders for 2023 was CNY 1,020,280,603.15, representing an increase of 5.36% from CNY 968,362,398.67 in 2022[68]. - The net cash flow from operating activities increased by 48.41% to CNY 1,351,711,550.49 in 2023, compared to CNY 910,791,942.06 in 2022[68]. - The company's total assets decreased by 7.39% to CNY 25,480,225,960.22 at the end of 2023, down from CNY 27,512,076,323.34 at the end of 2022[68]. - The net assets attributable to shareholders increased by 7.24% to CNY 8,745,693,862.84 at the end of 2023, compared to CNY 8,155,500,530.00 at the end of 2022[68]. - The basic earnings per share for 2023 was CNY 0.6037, reflecting a growth of 5.58% from CNY 0.5718 in 2022[96]. Project Developments - The company secured multiple compressed air energy storage projects, including the world's largest artificial cavern gas storage project with a capacity of 300MW[1]. - The company signed its first total project in the new energy vehicle sector, establishing a benchmark for smart, green, and zero-carbon factories in the Chinese automotive industry[3]. - The company signed a total of 8 offshore natural gas compressor projects, marking a significant breakthrough in the offshore engineering market[1]. - The company completed a comprehensive service project for a user in the energy storage materials sector, marking its first full-service operation project in this field[4]. - The company signed the world's largest 350MW compressed air energy storage project, marking a significant step towards commercial promotion in this field[16]. - The company signed the first user-side air energy storage project, integrating metallurgical energy systems, which will help users achieve carbon peak and carbon neutrality goals[16]. - The company signed a project for industrial solid waste treatment and resource utilization, demonstrating significant advancements in this field[16]. - The company signed a project for a large-scale complex gold recovery project, marking its first engineering contracting project in this field[16]. - The company signed the first large-scale CCS compressor project in the coal chemical field, which is also the largest CO2 geological storage demonstration base in the country, demonstrating its market application capabilities[20]. Research and Development - A total of 128 patents were granted in 2023, bringing the cumulative total to 582 patents, including 83 invention patents[8]. - The company completed 159 R&D projects throughout the year, focusing on enhancing technological innovation and supporting its "1+7" business strategy[22]. - The company successfully developed a new generation of tail gas turbines for nitric acid plants, improving energy efficiency for 150,000 to 360,000 tons/year nitric acid units[24]. - The company successfully tested the AV140 axial compressor, achieving internationally leading performance indicators, applicable in various fields such as large wind tunnel tests and gas storage[27]. - The company has developed a polyethylene circulating gas expander for the world's largest polyethylene production project, enhancing reliability and efficiency in the petrochemical industry[27]. - The company has actively engaged in social responsibility initiatives, conducting 39 training sessions that reached nearly 1,179 participants from 150 enterprises[150]. Market Expansion and Strategy - The company is focusing on distributed energy solutions, enhancing its core capabilities through service-oriented manufacturing transformation[35]. - The company aims to expand its market presence in emerging markets along the Belt and Road Initiative by deepening relationships with major clients and strengthening local sales capabilities[132]. - The company is committed to providing integrated distributed energy system solutions and services, targeting low-carbon and energy-saving demands in the industry[109]. - The company has been recognized as a national pilot for the integration of advanced manufacturing and modern service industries, promoting its "service-oriented manufacturing" model[143]. - The company has successfully broken the foreign monopoly on marine platform centrifugal compressor units by winning contracts for 2 projects, showcasing high technical content and design complexity[45]. Financial Management and Investments - The company has leveraged its financial service system to provide personalized and professional financial solutions, focusing on market needs[105]. - The company reported a significant increase in trading financial assets, with a year-end balance of ¥889,543,813.41, up from ¥602,457,362.49 at the beginning of the period, reflecting a change of ¥287,086,450.92[141]. - The actual recovered principal from entrusted financial management amounted to RMB 2,168,000,000.00, resulting in an ending balance of RMB 879,214,943.82[197]. - The investment income for the reporting period from entrusted financial management was RMB 21,988,274.84[197]. Operational Efficiency - The company has achieved a 100% project fulfillment rate by optimizing supplier management and enhancing engineering control, aiming for "first-class standards and the shortest construction period" during the reporting period[118]. - The company has established a digital management platform for over 6,000 sets of equipment across 1,600 users, enhancing service project digital fulfillment and precise process management[119]. - The company has implemented a procurement management model that combines centralized and authorized purchasing to improve supply chain competitiveness[117]. Environmental and Social Responsibility - The company is focusing on low-carbon and energy-saving solutions, developing various energy interconnection systems to support green transformation across industries[78]. - The company has made strategic investments in digital solutions, winning multiple awards for its innovations in smart operations and digital twin technology[167].