VISION GROUP(002733)2024-04-29 12:18Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.5 CNY per 10 shares to all shareholders, based on a total of 384,214,913 shares[3]. - The company distributed a cash dividend of 1 RMB per 10 shares, totaling 38,421,491.30 RMB (including tax) to shareholders based on a total share capital of 384,214,913 shares[149]. - The company plans to distribute a cash dividend of 1.5 CNY per 10 shares, totaling 57,632,236.95 CNY (including tax) for the current reporting period[150]. - The total distributable profit for the company is 413,406,111.51 CNY, with the cash dividend amounting to 100% of the total profit distribution[150]. - As of April 29, 2024, the company has repurchased 4,560,000 shares, leading to a revised cash dividend total of 56,948,236.95 CNY (including tax) based on the adjusted share count[151]. Financial Performance - The company's operating revenue for 2023 was approximately ¥3.60 billion, a decrease of 11.72% compared to ¥4.08 billion in 2022[20]. - The net profit attributable to shareholders for 2023 was approximately ¥138.79 million, down 12.64% from ¥158.87 million in 2022[20]. - The basic earnings per share for 2023 was ¥0.36, a decrease of 12.20% from ¥0.41 in 2022[20]. - Total assets at the end of 2023 were approximately ¥5.07 billion, down 10.24% from ¥5.65 billion at the end of 2022[20]. - The company's net assets attributable to shareholders increased by 3.47% to approximately ¥2.73 billion at the end of 2023, compared to ¥2.64 billion at the end of 2022[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[191]. - The company reported a total revenue of RMB 1.5 billion for the fiscal year 2023, representing a year-over-year growth of 15%[182]. Research and Development - The company is focusing on enhancing its research and development capabilities to adapt to stricter environmental regulations in the lead-acid battery industry[31]. - The company’s research and development expenses increased by 6.03% to CNY 132,941,551.88, indicating a focus on innovation[58]. - The company is committed to innovation, with ongoing research and development efforts aimed at improving product efficiency and sustainability[127]. - The company plans to invest RMB 200 million in R&D for new technologies aimed at enhancing product efficiency[185]. - The company has initiated research and development on hydrogen fuel cell stacks and engines since 2017, and is now capable of mass production[86]. Market Expansion and Strategy - The company anticipates a significant increase in demand for energy storage products, with a projected global growth rate of 38.4% from 2023 to 2027[32]. - The company is actively transitioning lead-acid battery users to lithium batteries, which are expected to be a major growth driver moving forward[37]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[130]. - A strategic acquisition of a local competitor is anticipated to be finalized by Q3 2023, expected to increase market penetration by 15%[131]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to RMB 500 million allocated for potential deals[185]. Environmental and Regulatory Compliance - The company adheres to various environmental protection laws and standards during its operations[163]. - The company has completed the application and acquisition of the new pollutant discharge permits, with all permits currently valid[165]. - The average discharge of lead and its compounds is 0.0711 tons per annum, which complies with the discharge standards[165]. - The company has established an environmental management committee directly responsible to the general manager, ensuring effective operation of environmental protection facilities[169]. - The company has invested in environmental protection facilities and paid environmental protection taxes, emphasizing energy conservation and emission reduction[171]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[109]. - The company has established specialized committees within the board to enhance decision-making and governance efficiency[109]. - The company maintains independence from its controlling shareholders in business, assets, personnel, and financial aspects, with no related party transactions during the reporting period[112]. - The company has implemented a strict information disclosure system, ensuring fair access to information for all shareholders[110]. - The company has established a supervisory board consisting of 3 supervisors, including 1 employee supervisor, complying with legal requirements[110]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a reduction in production costs by 15% through technological advancements[192]. - The company plans to increase its marketing budget by 25% to support new product launches and market expansion efforts[184]. - The company is focusing on advanced battery technology to gradually replace lead-acid batteries, enhancing product performance and reliability[65]. - The company has implemented a salary policy combining base and performance pay, aimed at enhancing employee motivation and aligning with market standards[146]. - The company has established a robust internal management and control system to enhance governance and operational transparency[174]. Employee and Talent Management - The total number of employees at the end of the reporting period is 3,317, with 2,943 from major subsidiaries and 374 from the parent company[144]. - The company has a total of 198 R&D personnel, contributing to its focus on innovation and product development[144]. - The company has established an online learning platform, "Xiongtao Academy," to enhance employee training and development[147]. - The company has a structured talent development plan, including various training programs to enhance employee skills across different departments[147]. - The company emphasizes environmental protection and energy conservation, continuously improving production processes to reduce waste and noise pollution[177]. Financial Management and Investment - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[74][75]. - The company has allocated RMB 30,000 million from the hydrogen fuel cell industrial park project to the Hubei lithium battery production base project, with RMB 11,121.36 million utilized as of December 31, 2023[77]. - The company has utilized RMB 5,677.62 million of the RMB 5,914.08 million allocated for the hydrogen fuel cell stack R&D project, which is currently under construction as of December 31, 2023[78]. - The company has reported a net loss from investment income of ¥5,560,717.21, which accounted for -3.20% of total profit[70]. - The company has a remaining balance of RMB 40,998.77 million in the special account for the 2020 private placement as of December 31, 2023[78].