Financial Performance - In 2023, the company's operating revenue was CNY 361,313,318.39, a decrease of 6.70% compared to CNY 387,266,655.65 in 2022[24] - The net profit attributable to shareholders was a loss of CNY 5,665,176.42, representing a decline of 112.99% from a profit of CNY 43,595,332.89 in the previous year[24] - The gross profit margin for 2023 was 10.87%, down from 18.89% in 2022[24] - The net profit margin after deducting non-recurring gains and losses was -16,439,881.65, a decline of 159.95% compared to the previous year[24] - The weighted average return on net assets based on net profit attributable to shareholders was -1.10% in 2023, down from 8.61% in 2022[24] - The company’s basic earnings per share for 2023 was -0.07, a decrease of 112.28% from 0.57 in 2022[24] - Total assets decreased by 5.77% to 767,182,044.80 from 814,188,627.59 in 2022[26] - Total liabilities decreased by 9.50% to 262,748,443.46 from 290,325,609.83 in 2022[26] - The company reported a significant increase of 840.95% in construction in progress, primarily for the R&D center[44] - The company achieved operating revenue of ¥361,313,318.39, a year-on-year decrease of 6.70%[38] - The net profit attributable to shareholders was -¥5,665,176.42, a year-on-year decline of 112.99%[38] - The company reported a total of 52,580,945 shares held at the end of the period, representing 68.76% of total shares outstanding[155] Cash Flow and Investments - The company reported a net cash flow from operating activities of 63,233,719.76, a 0.54% increase from 62,891,118.20 in 2022[26] - Cash flow from operating activities increased by 0.54% to 63,233,719.76, despite reduced sales revenue[61] - Investment activities generated a net cash inflow of 13,659,365.13, a significant increase of 105.30% compared to the previous year[61] - The company raised a total of CNY 75,000,000.00 in structured deposits in 2023, with a focus on public structure deposits[71] - The company reported a cumulative amount of CNY 50,000,000.00 in structured deposits as of February 13, 2023[71] - The company has invested ¥316,000,000.00 in bank wealth management products, with no overdue amounts or expected losses reported[68] Research and Development - The company focused on R&D innovation, advancing products like temperature-compensated oscillators and differential oscillators[39] - The company has obtained a high-tech enterprise certificate valid for three years, allowing it to enjoy a reduced corporate income tax rate of 15% for the 2023 fiscal year[79] - The company’s R&D expenditure for the current period is ¥16,422,774.43, which is a decrease from ¥21,956,137.03 in the previous period, representing a decline of approximately 25.5%[81] - R&D expenditure accounts for 4.55% of the operating income in the current period, down from 5.67% in the previous period[81] - The company has completed the development of a leak testing device to enhance production process control and efficiency[87] - The company is focusing on optimizing automotive crystal oscillator processes to meet the demands of high-end automotive clients[88] Market and Competitive Landscape - The company experienced a decline in operating performance due to a slowdown in demand in the consumer electronics market and intensified industry competition, leading to a certain degree of losses during the reporting period[96] - The quartz crystal oscillator industry is closely tied to macroeconomic conditions, with potential short-term demand fluctuations leading to increased operational pressure and intensified competition[98] - The demand for smaller, high-frequency, and high-precision quartz crystal oscillators is increasing, driven by advancements in 5G and WiFi-6 technologies[99] - The company aims to enhance its product structure and increase the proportion of high-end products while actively expanding overseas markets to improve profitability[97] Corporate Governance and Shareholder Relations - The company has established a structured corporate governance system to mitigate risks associated with the concentration of control by its actual controller[105] - The company has implemented a comprehensive investor relations management system to facilitate communication with shareholders[199] - The company has maintained a smooth communication mechanism with shareholders through various channels, including performance briefings and investor surveys[199] - The company has not engaged in any significant related party transactions during the reporting period[115] - The company ensures that minority shareholders have the opportunity to express their opinions and that their legal rights are adequately protected[152] Future Outlook and Strategic Initiatives - In 2024, the company plans to focus on product upgrades, market expansion, management innovation, and team development to strengthen its competitive position[102] - The company is committed to continuous R&D investment to expand its product line and meet the evolving demands of downstream applications[102] - The company plans to provide no less than 200,000 samples of micro semiconductor components for research validation in collaboration with Hefei Crystal Technology Co., Ltd.[89] - The company is actively investing in R&D innovation, product line expansion, and talent team building despite the challenging market conditions[96]
晶赛科技(871981) - 2023 Q4 - 年度财报