SAFETY(603028)2024-04-25 13:48Financial Performance - The net profit attributable to shareholders for 2023 is RMB 31,835,112.06, with the parent company achieving a net profit of RMB 11,060,706.36[6]. - The total distributable profit at the end of 2023 is RMB 143,409,134.82, with a proposed cash dividend of RMB 0.34 per 10 shares, totaling RMB 9,759,360[6]. - The company's operating revenue for 2023 reached ¥1,605,451,210.89, representing a 101.70% increase compared to ¥795,945,625.43 in 2022[22]. - Net profit attributable to shareholders increased by 140.05% to ¥31,835,112.06 from a loss of ¥79,488,373.64 in the previous year[22]. - The net profit after deducting non-recurring gains and losses rose by 105.73% to ¥8,371,302.53, compared to a loss of ¥146,175,377.49 in 2022[22]. - The net cash flow from operating activities increased by 230.92% to ¥177,846,884.36, up from ¥53,743,965.20 in 2022[22]. - Total assets grew by 94.53% to ¥2,351,564,446.58 from ¥1,208,818,517.30 in 2022, primarily due to investments in the photovoltaic industry[22]. - The company's net assets attributable to shareholders increased by 7.44% to ¥734,259,406.11 from ¥683,431,559.46 in 2022[22]. - Basic earnings per share improved to ¥0.11 from a loss of ¥0.28 in 2022, marking a 139.29% increase[23]. - The weighted average return on equity rose to 4.52%, an increase of 15.24 percentage points from -10.72% in 2022[23]. Business Operations - The company achieved significant breakthroughs in the photovoltaic sector, contributing to the substantial revenue growth[23]. - The increase in government subsidies and sales receipts significantly boosted cash flow from operating activities[23]. - The company has accelerated the construction of PERC battery production lines and signed sales framework contracts with industry leaders, enhancing its competitive advantage in the photovoltaic sector[32]. - The steel cable business maintained its leading position with a sales volume of 60,328.74 tons, a year-on-year increase of 1.61%[34]. - The green building division is preparing to link with the zero-carbon market and has invested in multiple distributed photovoltaic power generation projects, which are now grid-connected[35]. - The company’s photovoltaic division has commenced mass production of TOPCon photovoltaic cells, with a capacity of 5GW officially launched in November 2023[48]. - The company holds 14 patents in the photovoltaic sector, including 4 invention patents and 10 utility model patents, showcasing its R&D capabilities[49]. - The company has established a significant market share in the elevator wire rope sector, with the elevator market in China being the largest globally, producing 1.557 million units in 2023, a year-on-year increase of 7.08%[45]. - The total number of elevators in China exceeded 10 million units in 2023, maintaining an annual growth rate of over 10%[45]. Research and Development - Research and development expenses rose by 35.26% to ¥37,413,429.76, up from ¥27,660,118.11 in the previous year[56]. - The company increased its R&D personnel by 99, focusing on photovoltaic new energy and advanced materials[70]. - The company has a structured approach to governance, ensuring that remuneration matters are handled with transparency and accountability[121]. - The company is committed to maintaining a competitive compensation structure to attract and retain talent[121]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongxinghua Accounting Firm[5]. - The company has not violated decision-making procedures for external guarantees[8]. - The board of directors has confirmed that all members attended the board meeting[4]. - The company has established specialized committees within the board, including a strategic committee, audit committee, nomination committee, and compensation and assessment committee, to enhance decision-making efficiency and compliance[111]. - The company strictly adheres to information disclosure regulations, ensuring that all shareholders have equal access to information, thereby enhancing transparency[112]. - The company has not encountered any significant discrepancies in governance compared to regulatory requirements, indicating effective governance practices[112]. Market Trends and Future Outlook - The global photovoltaic market is expected to see a doubling of solar photovoltaic generation by 2027, with China aiming to achieve a total capacity of 1,200 GW by 2030[38]. - In 2023, the national battery production reached approximately 545 GW, a year-on-year increase of 64.9%, with expectations to exceed 820 GW in 2024[40]. - The market share of N-type photovoltaic cells is rising, with N-type TOPCon cells expected to dominate the market by 2024, reaching a market share of around 70%[42]. - The company plans to leverage the integration of photovoltaic and green building businesses to explore new growth points in the renewable energy sector[33]. - The company aims to achieve synergistic development across its three major divisions: photovoltaic, steel wire, and green construction, under the mission of "guarding the city’s original intention and building a green future"[100]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system to comply with national and local environmental protection standards[156]. - The company has established a dangerous waste temporary storage facility of 280 m² to manage hazardous waste[155]. - The company reduced carbon emissions by 1,621.86 tons through the implementation of solar power generation facilities[158]. - The company is actively investing in environmental protection measures, increasing expenditures for pollution prevention and remediation[157]. Shareholder Information - The total number of shares held by Lin Zhuying remained unchanged at 148,630 shares, with a pre-tax remuneration of 449,300 RMB[116]. - The total number of shares held by Wu Haifeng remained unchanged at 13,000 shares, with a pre-tax remuneration of 301,900 RMB[117]. - The total pre-tax remuneration for all listed directors and senior management amounted to 2,094,800 RMB[117]. - The company has a total of 14,294 ordinary shareholders as of the end of the reporting period, a decrease from 15,772 at the end of the previous month[184]. - The largest shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., holds 82,980,738 shares, representing 28.91% of the total shares[186].