JSZY(600770)2024-04-19 08:56Environmental Impact - The company reduced carbon emissions by 116,696 tons through clean energy generation initiatives[3] Internal Control and Audit - The internal control audit report issued by Lixin Accounting Firm confirmed the effectiveness of the company's internal control with a standard unqualified opinion[3] - The company has maintained its accounting firm, Lixin Accounting Firm, for 24 consecutive years, ensuring consistent audit practices[11] Financial Guarantees and Liabilities - Total guarantees provided by the company amount to 18,000,000 RMB, which represents 5.52% of the company's net assets[32] - The company has no overdue guarantees or contingent liabilities related to guarantees[32] Wealth Management Investments - The company has invested a total of 337,577,626.82 RMB in bank wealth management products, with an outstanding balance of 50,959,910.79 RMB[34] - The company has multiple bank wealth management products with varying amounts, including 20,000,000 RMB in a structured deposit and 6,097,651.30 RMB in a fixed income product[34] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 54,271, an increase from 54,212 in the previous month[52] - The largest shareholder, Nantong Zongyi Investment Co., Ltd., holds 258,955,709 shares, accounting for 19.92% of total shares[54] - The second-largest shareholder, Zan Shengda, holds 239,885,029 shares, representing 18.45% of total shares[54] - The company has a total of 75,000,000 shares held by Haian Ruihai Urbanization Investment Construction Co., Ltd., which is 5.77% of total shares[54] - The report indicates that Hong Kong Central Clearing Limited increased its holdings by 8,299,845 shares, now totaling 8,346,020 shares, which is 0.64% of total shares[54] - The company has no controlling shareholder, and there were no changes in controlling shareholder during the reporting period[55] - The total number of shares held by the top ten unrestricted shareholders is 585,000,000 shares[54] - There are no restrictions on share repurchase during the reporting period[58] Financial Position - The financial statements reflect the company's financial position as of December 31, 2023, and its operating results for the year[61] - The audit report confirms that the financial statements are prepared in accordance with accounting standards and fairly present the company's financial status[61] - Current assets totaled CNY 1,805,995,308.83 in 2023, a decrease of 8.69% from CNY 1,978,043,324.43 in 2022[70] - Non-current assets amounted to CNY 3,475,660,120.06 in 2023, down from CNY 3,500,452,714.84 in 2022, reflecting a decline of 0.71%[71] - Total assets decreased to CNY 5,281,655,428.89 in 2023, compared to CNY 5,478,496,039.27 in 2022, representing a reduction of 3.58%[71] - Current liabilities increased to CNY 507,253,301.20 in 2023, up from CNY 499,921,789.26 in 2022, marking a rise of 0.67%[71] - Total liabilities slightly decreased to CNY 830,685,006.75 in 2023 from CNY 833,593,760.09 in 2022, a decline of 0.35%[71] - Owner's equity remained stable at CNY 1,300,000,000.00 in both 2023 and 2022[71] - Cash and cash equivalents increased to CNY 1,135,328,016.47 in 2023, up from CNY 1,004,292,442.79 in 2022, reflecting a growth of 13.03%[70] - Accounts receivable decreased to CNY 130,842,643.10 in 2023 from CNY 144,199,595.20 in 2022, a decline of 9.23%[70] - Inventory decreased to CNY 59,256,707.11 in 2023, down from CNY 70,119,833.07 in 2022, representing a decrease of 15.49%[70] Operating Performance - In 2023, the company's total operating revenue was RMB 321,676,194.01, a decrease of 14.33% compared to the previous year[82] - Revenue from the manufacturing sector was RMB 148,284,225.90, accounting for 46.10% of total operating revenue[82] - Revenue from the photovoltaic power station business was RMB 131,514,620.82, representing 40.88% of total operating revenue[83] - Revenue from internet information and technology services was RMB 11,624,708.59, making up 3.61% of total operating revenue[83] - The total operating revenue for 2023 was RMB 321,676,194.01, a decrease of 14.3% compared to RMB 375,475,391.80 in 2022[97] - The total operating costs for 2023 were RMB 358,299,315.24, slightly up from RMB 372,176,942.16 in 2022[97] Profitability and Losses - The company reported a net loss of RMB 93,811,011.59 in undistributed profits[95] - The company reported a net profit of -71,726,626.46 RMB for 2023, leading to a total distributable profit of -1,501,839,649.76 RMB at year-end[129] - The company plans no profit distribution or capital reserve transfer for 2023 due to negative distributable profits and current operational conditions[129] - The net investment income for 2023 was RMB 9,223,376.79, a significant recovery from a loss of RMB 28,300,294.91 in 2022[97] - The company’s financial losses were primarily due to significant changes in the fair value of financial assets held by subsidiaries[151] Research and Development - The company continues to focus on the operation and maintenance of power stations, with a strong emphasis on safety and efficiency in operations[161] - The company has received multiple awards for its R&D efforts, including recognition as a "specialized and innovative" SME in Shenzhen[160] - The company is actively expanding its market presence in the information security sector, developing five new hardware products related to cryptography[184] - The company continues to emphasize research and development to upgrade existing products and explore new industry applications[184] Market Trends and Economic Conditions - In 2023, China's GDP reached 126.06 trillion RMB, with a year-on-year growth of 5.2% at constant prices[197] - The number of newly raised funds in China's equity investment market was 6,980, with a total scale of 18,244.71 billion RMB, representing a year-on-year decline of 1.1% and 15.5% respectively[197] - The overall industry environment remains stable, with a focus on information technology, new energy, and equity investment sectors[191] Strategic Initiatives - The company plans to enhance its core competitiveness in niche markets while focusing on sustainable development and innovation[100] - The subsidiary Jiangsu Zongchuang will continue to expand its market presence in computer hardware sales and system integration services[101] - The company aims to leverage new economic opportunities to drive higher quality growth across its subsidiaries[101] - The company is implementing a proactive post-investment management strategy to enhance liquidity and performance of existing projects[188]