Financial Performance - The company experienced a significant decline in performance due to large accounts receivable balances, leading to substantial credit impairment losses[4]. - The company's operating revenue for 2023 was ¥410,009,814, a decrease of 6.65% compared to ¥439,217,532 in 2022[24]. - The net profit attributable to shareholders for 2023 was ¥6,389,000.49, representing a significant decline of 83.85% from ¥39,562,653.2 in 2022[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,948,441.78, down 82.96% from ¥29,039,448.1 in the previous year[24]. - Basic earnings per share for 2023 were ¥0.10, a decrease of 83.33% from ¥0.60 in 2022[24]. - The total assets at the end of 2023 amounted to ¥1,044,326,703.01, reflecting a growth of 2.75% from ¥1,015,025,263.14 in 2022[24]. - The net assets attributable to shareholders decreased by 0.93% to ¥831,728,051.51 from ¥839,546,349 in the previous year[24]. - The weighted average return on net assets for 2023 was 0.77%, down from 4.72% in 2022, indicating a decline of 3.95%[24]. - The company reported a significant decrease in total investment amounting to CNY 276,000,000.00, down 67.06% from the previous year[114]. - The company reported a significant loss of 8,639.02 million CNY in one of its subsidiaries, indicating challenges in that segment[131]. Cash Flow and Investments - The net cash flow from operating activities increased by 113.07% to ¥8,380,672.05 in 2023, compared to ¥64,143,131.7 in 2022[24]. - The total amount of funds raised by the company was RMB 573.12 million, with a net amount of RMB 510.26 million after expenses[118]. - The company has a total of 23,089 million in excess raised funds, which will be strategically utilized for future projects[122]. - The company reported a net increase in cash and cash equivalents of CNY -338,926,677.94, reflecting a net outflow increase of 249.59% year-on-year[104]. - The company has allocated 1,319 million for supplementary working capital, ensuring operational flexibility[122]. Research and Development - The company has established research and development centers in Shenzhen and Shantou, focusing on continuous innovation in smart city solutions[51]. - The company reported a research and development (R&D) investment of ¥17,886,140.10 in 2023, representing 4.36% of its operating revenue, an increase from 4.06% in 2022[102]. - The company has developed a comprehensive R&D model, with 287 software copyrights and 7 patents as of December 31, 2023[61]. - The company’s R&D expenses increased by 0.33% to 17,886,140.10 CNY, with 29 self-developed projects, of which 14 were completed by the end of the reporting period[69]. Market and Industry Trends - The digital economy is projected to significantly grow, with the software and information technology services sector expected to reach a scale of 14 trillion CNY by 2025[36]. - The digital government IT solutions market in China reached RMB 137.2 billion in 2022, with a year-on-year growth of 32.3%, and is projected to grow to RMB 217.3 billion by 2026, representing a compound annual growth rate (CAGR) of 12%[39]. - The company is positioned to benefit from the rapid development of smart city initiatives, leveraging technologies like big data and cloud computing[37]. Corporate Governance - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, combining basic salary with annual performance assessments[143]. - The company maintains independence in assets, personnel, finance, institutions, and business from its controlling shareholders and actual controllers[146]. - The company has a complete business system and independent operational capabilities, with no reliance on controlling shareholders for production and operations[147]. - The company has not reported any significant changes in the use of raised funds or project commitments[120]. Employee and Management - The total number of employees at the end of the reporting period was 320, with 215 in the parent company and 105 in major subsidiaries[177]. - The company has implemented an annual training plan to enhance employee skills and management capabilities, resulting in significant improvements in team cohesion and service awareness[179][180]. - The company has a diverse professional composition among employees, with 74 technical personnel and 48 sales personnel, highlighting its operational focus[177]. Strategic Initiatives - The company aims to enhance its technological capabilities in IoT, big data, cloud computing, AI, GIS, and 5G technologies[133]. - The company plans to adjust its market promotion strategies to support the national "rural revitalization" initiative, focusing on digital rural applications[134]. - The company is focusing on upgrading existing products and developing new technologies[1]. Shareholder Returns - The profit distribution plan approved by the board is to distribute a cash dividend of 1 RMB per 10 shares, based on a total of 67,236,800 shares[10]. - The cash dividend for the fiscal year 2023 represents 100% of the total profit distribution amount[184]. - The company aims to enhance shareholder returns through its cash dividend policy and stock incentive measures[183].
天亿马(301178) - 2023 Q4 - 年度财报