COSHIP(002052)2024-04-19 15:41Financial Performance - The company reported a total revenue of 745,959,694, with no cash dividends or stock bonuses distributed to shareholders[4]. - The company's operating revenue for 2023 was ¥234,601,529.52, a decrease of 7.93% compared to ¥254,807,623.45 in 2022[24]. - The net profit attributable to shareholders for 2023 was -¥74,748,344.61, representing a decline of 57.14% from -¥47,568,051.80 in 2022[24]. - The basic earnings per share for 2023 was -¥0.10, down 66.67% from -¥0.06 in 2022[24]. - The total assets at the end of 2023 were ¥388,110,230.91, a decrease of 12.05% from ¥441,268,039.78 at the end of 2022[24]. - The net assets attributable to shareholders decreased by 89.94% to ¥8,447,504.14 in 2023 from ¥83,969,746.80 in 2022[24]. - The cash flow from operating activities for 2023 was -¥19,524,559.25, an improvement of 12.84% compared to -¥22,400,500.26 in 2022[24]. - The company's revenue after deducting non-recurring gains and losses was ¥95,375,588.91 in 2023, down from ¥150,194,016.33 in 2022[24]. - The weighted average return on net assets for 2023 was -160.92%, a decline from -78.45% in 2022[24]. - The company reported a net profit before and after deducting non-recurring gains and losses, both of which were negative for the last three accounting years[24]. Audit and Compliance - The company has received an unqualified audit report with emphasis on going concern uncertainties from Shenzhen Dahua International Accounting Firm[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern based on the latest audit report[24]. - The company received a non-standard audit report with a significant uncertainty regarding its ability to continue as a going concern[164]. - The independent directors agree with the board's assessment of the audit report and will continue to monitor the situation[167]. Risks and Challenges - The company faces risks related to industry downturns, market and operational risks, and potential investor lawsuits[4]. - The company acknowledges the need for investors to maintain sufficient risk awareness regarding its future plans and development strategies[4]. - The company is facing market risks due to macroeconomic slowdowns and heavy reliance on broadcasting operators, which may affect business growth[94]. - The company has identified potential risks related to management personnel changes, which could impact operational management[94]. Business Strategy and Development - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments in its future strategies[4]. - The company is committed to integrating new technologies such as cloud computing and IoT into its service offerings[15]. - The company is exploring market expansion opportunities through the integration of traditional broadcasting and internet services[15]. - The company is focused on enhancing user experience through the development of interactive and multi-screen services[15]. - The company has established a comprehensive supply chain system for the new energy battery business, actively engaging in raw material trade to enhance its market position[44]. - The company aims to develop and optimize new features in its software to simplify user operations and potentially increase sales contracts[60]. - The company is focusing on enhancing its cloud gaming and cloud desktop capabilities in its product offerings[64]. Research and Development - The company has a strong R&D team, recognized as one of the earliest developers of digital set-top boxes in China, and has established partnerships with renowned universities for ongoing technological innovation[42]. - R&D investment amounted to ¥16,339,506.89 in 2023, a decrease of 33.69% compared to ¥24,641,793.81 in 2022[65]. - The number of R&D personnel increased to 69 in 2023 from 64 in 2022, representing a growth of 7.81%[64]. - The company has optimized R&D personnel for set-top box-related businesses while increasing personnel for new energy-related R&D[65]. Corporate Governance - The board of directors consists of 5 members, including 2 independent directors, with a compliance structure that meets legal requirements[100]. - The company has implemented a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with legal standards[101]. - The company has maintained a stable operational performance and an independent business system, with no controlling shareholder or actual controller[104]. - The company is focused on enhancing its governance structure through the adjustment of its board and management team[110]. Shareholder Relations - The company held several shareholder meetings during the reporting period, with participation rates of 8.41%, 13.48%, 13.80%, and 8.66% for various meetings[105][106]. - The company has established a supervision and accountability mechanism for the "occupation and freezing" of shares held by major shareholders, ensuring the rights of investors, especially minority shareholders[99]. - The company has responded to 117 investor inquiries, complaints, and suggestions through its investor relations platform in 2023[153]. Market Position and Competition - The company is positioned in the computer, communication, and other electronic equipment manufacturing industry, which is experiencing a shift towards smart and integrated solutions, providing new growth opportunities[34]. - The company has established itself as a recognized brand in the digital video industry, with products exported to over 30 provinces in China and various international markets, including India and Southeast Asia[35]. - The company is actively involved in the development of new energy battery technology, focusing on consumer lithium-ion batteries, which are expected to see increased market demand due to the proliferation of digital consumer products[36]. Employee Relations and Culture - The company has a comprehensive salary policy that includes basic salary, performance-based pay, housing allowance, meal allowance, transportation allowance, overtime pay, and project bonuses[134]. - The company conducts regular training programs for new employees, business-related training, and specialized skills training based on demand[135]. - The company has created a vibrant work atmosphere by organizing various cultural and sports activities, enhancing employee cohesion and sense of belonging[154]. - The company has committed to maintaining a stable and harmonious labor relationship through the participation of its labor union in revising employee-related policies[154]. Legal Matters - The company is involved in a lawsuit concerning a rental contract dispute, with a claimed amount of 65.76 million CNY, which has not yet formed a provision for liabilities[175]. - The company has ongoing litigation related to a real estate development contract, with a claimed amount of 30 million CNY, which is still in the process of resolution[175]. - The company has faced multiple investor lawsuits regarding alleged false statements, with a total claimed amount of 79.12 million CNY, which remains unresolved[176]. Future Outlook - The company provided guidance for 2024, expecting revenue growth of 12% to 1.68 billion RMB[109]. - New product launches are anticipated to contribute an additional 200 million RMB in revenue in 2024[109]. - Market expansion plans include entering two new international markets by Q3 2024, targeting a 5% increase in overall market share[109].