Financial Performance - The company's operating revenue for 2023 was ¥822,690,486.20, a decrease of 1.69% compared to ¥836,836,513.84 in 2022[23]. - Net profit attributable to shareholders for 2023 was ¥90,164,400.79, an increase of 2.69% from ¥87,267,659.64 in 2022[23]. - The net profit after deducting non-recurring gains and losses was ¥67,481,103.81, a decrease of 20.20% compared to ¥84,033,185.12 in 2022[23]. - Total revenue for 2023 was ¥822,690,486.20, a decrease of 1.69% compared to ¥836,836,513.84 in 2022[58]. - Main business revenue accounted for ¥745,877,574.35, representing 90.66% of total revenue, down 4.85% from ¥783,883,172.60 in the previous year[58]. - Revenue from other businesses increased by 45.06%, reaching ¥76,812,911.85, compared to ¥52,953,341.24 in 2022[58]. - Domestic revenue grew by 11.23% to ¥535,402,461.80, while overseas revenue decreased by 19.18% to ¥287,288,024.40[59]. - The gross margin for main business revenue was 16.27%, a decline of 3.52% from the previous year[60]. - The company achieved a net cash flow from operating activities of CNY 129,787,333.93, a significant increase of 1,007.96% compared to the previous year[75]. - The company reported a net increase in cash and cash equivalents of CNY 629,120,566.79, a remarkable growth of 3,382.34% year-on-year[75]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.34 RMB per 10 shares to all shareholders, based on a total of 134,621,760 shares[4]. - The proposed cash dividend is ¥1.34 per 10 shares, totaling ¥18,039,315.84 (including tax), which represents 100% of the total profit distribution[158][161]. - The company has a total of 134,621,760 shares as of December 31, 2023, which serves as the basis for the dividend distribution[161]. - The retained earnings at the end of 2023 amounted to ¥128,179,029.79, after deducting the legal surplus reserve[160]. Risk Management - The company has outlined potential risk factors in its future operations, which investors should pay attention to[4]. - The company has a comprehensive risk management strategy detailed in the management discussion section[4]. - The company faces risks from fluctuations in raw material prices, which significantly impact profit margins[113]. - The company emphasizes the importance of enhancing technical capabilities and product quality to mitigate competitive risks in the PCB market[112]. Research and Development - The company has a robust R&D system, focusing on new product and technology development to enhance production efficiency and optimize product structure[38]. - The company focuses on the R&D of key products like thick copper boards and Mini LED optical boards, continuously improving production processes to meet specific customer requirements[45]. - The company has developed several non-patented key technologies for thick copper boards and Mini LED products, achieving mass production and enhancing product reliability[46]. - The company emphasizes continuous investment in research and development to maintain its technological and process capabilities[44]. - Research and development investment amounted to CNY 37,149,714.58, representing 4.52% of operating revenue, an increase from 4.20% in 2022[73]. - The number of R&D personnel increased by 9.43% to 174, with a notable rise in those holding a bachelor's degree or higher by 26.67%[73]. Production and Operations - The company has established three production bases in Huizhou, Jiangxi, and Thailand, enhancing its production management capabilities and ensuring customer satisfaction through differentiated strategies[42]. - The company operates under a "sales-driven production" model, aligning production with customer orders to ensure timely delivery[36]. - The company has implemented strict quality control measures across all production stages, ensuring high product quality and gaining customer recognition[44]. - The company achieved a uniformity in etching of 96%, up from 92%[71]. - The company has implemented measures to ensure that wastewater and emissions meet stringent environmental regulations[180]. Environmental Compliance - The company has obtained the pollution discharge permit valid from July 8, 2023, to July 7, 2028, demonstrating compliance with environmental regulations[171]. - The company has passed the ISO 14001 environmental management system certification, indicating a commitment to environmental protection[170]. - The company reported zero instances of exceeding pollution discharge limits in the evaluation period[172]. - The company has implemented effective measures to manage various pollutants generated during production processes[170]. - The company is committed to continuous improvement in environmental performance and compliance with regulatory standards[180]. Corporate Governance - The company has established a sound corporate governance structure in accordance with relevant laws and regulations[128]. - The company maintains independence from its controlling shareholder, ensuring compliance with relevant regulations[121]. - The company has established an independent financial accounting department and a financial management system, allowing for autonomous financial decision-making[128]. - The company has a board of directors consisting of 5 members, including 2 independent directors[134]. - The company has maintained its operational structure without any significant changes in management personnel[134]. Market Strategy and Future Outlook - The company plans to continue expanding its market presence through new product development and technology advancements[97]. - The company aims to enhance its production capacity and R&D capabilities, focusing on high-end products such as multi-layer boards and high-frequency boards to meet diverse customer needs[103]. - The company plans to implement advanced automation production lines and digital management systems to improve product quality and operational efficiency[108]. - The company will strengthen cooperation with existing key customers and expand into high-end foreign markets, particularly in industrial power, control, and consumer electronics sectors[107]. - The company has outlined a performance guidance of 1.5 billion RMB in revenue for the next fiscal year, indicating a growth target of 25%[143].
威尔高(301251) - 2023 Q4 - 年度财报