LEHUI International(603076)2024-04-26 10:48Financial Performance - The company's operating revenue for 2023 reached ¥1,651,784,728.17, representing a 37.17% increase compared to ¥1,204,203,817.02 in 2022[22]. - The net profit attributable to shareholders decreased by 10.07% to ¥19,690,456.21 from ¥21,894,749.63 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 12.37% to ¥25,562,581.11 from ¥22,749,497.71 in 2022[22]. - The company's total assets grew by 6.16% to ¥3,567,255,357.05 at the end of 2023, up from ¥3,360,383,570.38 at the end of 2022[22]. - Basic earnings per share decreased by 11.11% to ¥0.16 in 2023 from ¥0.18 in 2022[23]. - The weighted average return on equity decreased by 0.18 percentage points to 1.50% in 2023 from 1.68% in 2022[23]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of ¥6,152,170.07 in 2023, compared to a negative cash flow of ¥185,389,735.17 in 2022[22]. - The company achieved operating revenue of ¥1,651,784,728.17, a 37.17% increase compared to the previous year[63]. - Operating costs rose to ¥1,283,263,046.99, reflecting a 38.26% increase year-over-year[63]. - The gross margin for the equipment manufacturing sector decreased by 1.68 percentage points to 21.87%[67]. - The gross margin for the beer manufacturing sector increased by 20.90 percentage points to 28.41%[67]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling 18,105,201.60 RMB, based on a total share capital of 120,701,344 shares[6]. - The company plans to distribute cash dividends of RMB 0.8 per 10 shares, totaling RMB 9,656,107.52, which represents 44.10% of the net profit attributable to shareholders for 2022[143]. - The total cash dividend amount for the year is RMB 18,105,201.60, which accounts for 91.95% of the net profit attributable to ordinary shareholders in the consolidated financial statements[146]. - The company has established a shareholder return plan for the next three years (2023-2025) approved by the board and shareholders[143]. Business Segments and Growth - The company’s main business includes beer brewing and packaging equipment, beverage pre-treatment and packaging machinery, and dairy packaging machinery[12]. - The equipment segment generated revenue of 1,544.60 million yuan, a growth of 34.93%, with a profit of 80.34 million yuan, increasing by 15.43%[33]. - The overseas revenue from the equipment segment reached 658.54 million yuan, accounting for 42.63% of the segment's total revenue, with a significant increase in orders from countries along the Belt and Road[34]. - The fresh beer segment's revenue reached 101.91 million yuan, marking an 89.88% increase, although it incurred a loss of 60.65 million yuan due to high investment and market expansion[33]. - The company secured new sales orders totaling 1,316 million yuan in 2023, with a backlog of 2,269 million yuan by the end of the year[35]. - The company plans to expand its fresh beer production capacity with new factories in multiple cities, including a new facility in Kunming[38]. Research and Development - The company invested 62.86 million yuan in R&D for 2023, a year-on-year increase of 20.76%[33]. - The company invested 6,286.19 million yuan in R&D in 2023, marking a 20.76% increase compared to the previous year[62]. - The company has a total of 402 employees with a bachelor's degree or higher, representing approximately 29% of the total workforce[140]. - The number of R&D personnel was 163, making up 11.75% of the total workforce[74]. - The company has implemented a profit-sharing incentive mechanism based on value creation for employee compensation[141]. Market Trends and Projections - The global liquid food processing equipment market was valued at 21.98 billion USD in 2022, projected to reach 33.07 billion USD by 2030, with a CAGR of 6.2%[42]. - The Chinese food packaging machinery market is estimated at 43.37 billion yuan in 2023, with a CAGR of 37.8%[43]. - The craft beer market in China is projected to grow at a compound annual growth rate (CAGR) of 17%, with consumption expected to reach 229,000 tons by 2025[52]. - The company plans to leverage its technology and brand advantages in the liquid food equipment sector to expand overseas markets, particularly in South America, Africa, and Asia[92]. Compliance and Governance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants[5]. - The company has not reported any instances of more than half of the board members being unable to guarantee the authenticity of the annual report[8]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[159]. - The company has not encountered any violations regarding guarantees during the reporting period[159]. - The company has been under scrutiny for compliance with securities regulations, indicating a need for improved governance and reporting practices[128][129]. Environmental Responsibility - The company invested RMB 3.655 million in environmental protection during the reporting period[149]. - The company has implemented various pollution control facilities, including wastewater treatment stations and VOCs treatment devices, which are operating normally[151]. - The company has not reported any environmental violations during the reporting period and adheres to national environmental protection laws[152]. Strategic Initiatives - The company plans to issue A-shares to specific investors in 2023, with proposals for fundraising and usage feasibility analysis presented at shareholder meetings[112]. - The company is actively pursuing project execution for urban brewery projects, which involves multiple stakeholders and external factors, leading to potential delays[106]. - The company is focusing on enhancing its asset management capabilities through strategic partnerships and acquisitions[180]. - The company plans to expand its market presence with new product launches and technology developments in 2023[180].