JCET(600584)2024-04-18 09:26Financial Performance - The company's operating revenue for 2023 was approximately ¥29.66 billion, a decrease of 12.15% compared to ¥33.76 billion in 2022[17]. - Net profit attributable to shareholders for 2023 was approximately ¥1.47 billion, down 54.48% from ¥3.23 billion in 2022[17]. - The basic earnings per share for 2023 was ¥0.82, reflecting a decline of 54.95% compared to ¥1.82 in 2022[18]. - The company reported a net cash flow from operating activities of approximately ¥4.44 billion, a decrease of 26.21% from ¥6.01 billion in 2022[17]. - Non-recurring gains for 2023 totaled approximately ¥148.13 million, significantly lower than ¥401.12 million in 2022[20]. - The weighted average return on net assets for 2023 was 5.81%, down 8.38 percentage points from 14.19% in 2022[18]. - The company's operating cost was CNY 25.61 billion, down 8.56% compared to the previous year[34]. - The gross profit margin for the electronic components segment was 13.49%, a decrease of 3.41 percentage points year-on-year[37]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1 CNY per 10 shares, totaling 178,882,797.60 CNY, based on a total share capital of 1,788,827,976 shares[4]. - The company does not plan to increase capital reserves or issue bonus shares for the 2023 fiscal year[4]. - The company has not reported any changes in share capital due to stock incentive grants or other matters[4]. - The company has not made any adjustments to its profit distribution policy during the reporting period[103]. - The total cash dividend amount is consistent with the company's commitment to returning value to shareholders while maintaining a healthy profit margin[106]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - The company has stated that there are no issues with the authenticity and completeness of the annual report[5]. - The company has established a risk and compliance management committee to strengthen risk control[74]. - The company strictly adhered to information disclosure regulations, ensuring timely and accurate reporting[74]. - The audit report confirms that the financial statements are prepared in accordance with accounting standards and fairly present the company's financial status[173]. Market and Industry Outlook - The global semiconductor market is projected to decline by 9.4% in 2023, with an estimated market size of USD 520 billion[23]. - The semiconductor market is expected to recover in 2024, driven primarily by the memory market, which is forecasted to grow by 44.8% year-on-year[23]. - The company is focusing on high-performance advanced packaging technology in key markets such as automotive electronics and 5G communications, aiming to enhance production capacity and efficiency[65]. - The advanced packaging market is projected to grow from 49.2 billion in 2024, reflecting a year-on-year increase of 12.3%[65]. Research and Development - Research and development expenses increased by 9.66% to CNY 1.44 billion[34]. - The total R&D investment amounted to RMB 1,439,915,230.18, representing 4.85% of the operating revenue[43]. - The company aims to enhance its capabilities in high-performance computing and automotive electronics, focusing on next-generation packaging technologies and high-power modules[46]. - The company has launched the "Core Talent Training Camp" to ensure talent support for its long-term development[22]. Environmental and Social Responsibility - The company invested ¥15,738.33 million in environmental protection during the reporting period[112]. - The company has established comprehensive pollution prevention facilities, ensuring compliance with environmental regulations and maintaining normal operation of pollution control systems[123]. - Total charitable contributions amounted to 3.68 million RMB, with significant donations directed towards environmental and health initiatives[131]. - The company has committed to environmental impact assessments for construction projects and has obtained necessary environmental permits[124]. Corporate Governance - The company has no controlling shareholder or actual controller, ensuring independent operations[75]. - The company held 2 shareholder meetings during the reporting period[74]. - The company’s board of directors has approved the reappointment of Ernst & Young as the auditor for the 2023 fiscal year[95]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 32.9863 million[86]. Strategic Initiatives - The company plans to enhance its focus on high-performance advanced packaging products and optimize its business structure to adapt to market changes[18]. - The company is actively expanding its presence in high-value markets such as automotive electronics, high-performance computing, and 5G communications[33]. - The company plans to invest RMB 6 billion in fixed assets in 2024, funded by self-raised capital, with projects implemented in batches based on market conditions[68]. - The company is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the semiconductor sector[84].