XZB(603040)2024-04-26 10:32Financial Performance - The company's operating revenue for 2023 reached ¥583,303,603.15, representing a year-over-year increase of 10.72% compared to ¥526,805,234.71 in 2022[24]. - Net profit attributable to shareholders for 2023 was ¥184,382,827.95, an increase of 18.38% from ¥155,760,548.86 in 2022[24]. - Basic earnings per share for 2023 were ¥1.38, up 17.95% from ¥1.17 in 2022[25]. - The total assets of the company increased by 17.34% to ¥1,504,347,215.74 at the end of 2023, compared to ¥1,282,080,575.73 at the end of 2022[24]. - The weighted average return on equity rose to 15.78% in 2023, an increase of 0.59 percentage points from 15.19% in 2022[25]. - The company reported a net profit of ¥49,535,657.38 in Q4 2023, with total revenue for the quarter reaching ¥160,877,464.92[29]. - Non-recurring gains and losses for 2023 totaled ¥18,565,355.25, compared to ¥15,875,781.79 in 2022[31]. - The cash flow from operating activities surged by 128.18% to ¥312,026,748.39 in 2023, compared to ¥136,745,032.76 in 2022[24]. - Operating costs increased to ¥272,183,462.05, reflecting a year-on-year rise of 14.17%[59]. - The company achieved operating revenue of ¥583,303,603.15, representing a year-on-year growth of 10.72%[59]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares to all shareholders, totaling RMB 53,509,454.40 (including tax) based on a total share capital of 135,107,896 shares as of April 25, 2024[5]. - The company plans to distribute a cash dividend of RMB 0.15 per share, totaling RMB 20,266,184.40, based on a total share capital of 135,107,896 shares[126]. - The company declared a cash dividend of 5.5 yuan per 10 shares, totaling 73,775,638.80 yuan, which represents 40.01% of the net profit attributable to ordinary shareholders[130]. Audit and Compliance - The company has received a standard unqualified audit opinion from Zhonghui Certified Public Accountants[4]. - The board of directors guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[9]. - The company confirms that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has not reported any significant lawsuits or arbitration matters for the current year[159]. - The company has not faced any delisting risk or bankruptcy reorganization issues[159]. - The company has confirmed that it will adhere to the commitments made regarding the transfer of shares and compliance with relevant laws and regulations[153]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[10]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements in the report[6]. - The company faces risks related to the dependence on the automotive and motorcycle industries, which are closely tied to macroeconomic conditions[97]. - The company acknowledges the risks associated with market competition, particularly in the context of the growing demand for new energy vehicles[98]. Research and Development - Research and development expenses rose to ¥36,810,582.26, reflecting a 10.17% increase from the previous year[60]. - The company is committed to enhancing its R&D capabilities and has established an innovation center to focus on cutting-edge technologies and new product development[95]. - The company has developed production capabilities for over 100 types of valve lock clips and 300 types of valve spring discs, with a focus on lightweight design[51]. - The company holds 103 domestic patents and 12 foreign patents, including key technologies for valve lock clips and hydraulic tappets[53]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[35]. - The company is actively expanding its market presence in precision components for automotive transmissions and stability systems, successfully supplying parts to Changan Ford and BYD[58]. - The company aims to leverage precision cold forming technology to enhance product performance, particularly in the automotive sector[93]. - The company is actively expanding communication with overseas clients to boost sales and new project collaborations in international markets[95]. Corporate Governance - The company has a stable leadership team with key positions held by experienced individuals, including Xu Na as Chairman and General Manager since December 2013[105]. - The company has maintained a consistent leadership structure with no significant changes in board composition during the reporting period[105]. - The independent directors, including Dai Guojun, Wang Gang, and Chen Jun, have been appointed to ensure governance and oversight[105]. - The total remuneration for the board members amounted to 832.26 million yuan for the reporting period[104]. Financial Management - The company has approved the use of idle self-owned funds for entrusted wealth management, with a maximum daily balance of RMB 300 million, effective for 12 months from April 26, 2023[165]. - The total amount of entrusted wealth management products is RMB 244,080,000, with an outstanding balance of RMB 180,000,000[164]. - The company has not reported any overdue amounts from its entrusted wealth management investments, indicating effective management of its financial assets[167]. - The company has multiple bank wealth management products maturing in 2024, with total investments exceeding RMB 100 million[168]. Employee and Social Responsibility - The company has established a comprehensive training program for employees, focusing on various skill enhancements[125]. - The company invested 42.50 million yuan in environmental protection during the reporting period[137]. - The company reduced carbon emissions by 3,630 tons through the implementation of photovoltaic power generation projects[141]. - The company made a total donation of 4.00 million yuan to charity projects in Hangzhou and Huzhou[142].