WBC(200706)2024-04-29 13:22Financial Performance - The company's operating revenue for 2023 was ¥2,193,273,682.20, a decrease of 6.60% compared to ¥2,348,330,561.57 in 2022[18]. - The net profit attributable to shareholders was -¥99,478,593.08, an improvement of 28.89% from -¥139,897,498.87 in the previous year[18]. - The basic earnings per share improved to -¥0.2471 from -¥0.3475, reflecting a 28.89% increase[18]. - The total assets at the end of 2023 were ¥3,180,391,222.98, a decrease of 4.34% from ¥3,324,777,599.86 at the end of 2022[18]. - The net assets attributable to shareholders decreased by 21.05% to ¥371,306,068.15 from ¥470,302,993.46 in 2022[18]. - The company reported a significant reduction in non-recurring losses, with net profit excluding non-recurring items at -¥129,316,113.23, a 21.25% improvement from -¥164,201,263.44 in 2022[18]. - The weighted average return on net assets improved to -23.64% from -25.99% in the previous year[18]. - The company reported a total revenue of 1,500 million in the latest fiscal year, maintaining a stable performance compared to the previous year[71]. - The company reported a total revenue of 2,093.58 million yuan for the year 2023, reflecting significant sales from bearing products[168]. Cash Flow and Investments - The net cash flow from operating activities was ¥84,322,692.15, showing a slight increase of 0.07% compared to ¥84,265,549.90 in 2022[18]. - The company reported a net increase in receivables financing during the reporting period, contributing to the overall financial position[52]. - Investment cash inflow increased by 37.57% to ¥2,471,723.34, while investment cash outflow decreased significantly by 57.78% to ¥5,430,485.57, leading to a net cash flow from investment activities of -¥2,958,762.23, an improvement of 73.26%[45]. - The net cash flow from operating activities for 2023 was ¥89,767,725.54, a decrease of 47.9% compared to ¥169,161,567.25 in 2022[192]. - Cash inflow from financing activities increased to ¥1,362,047,683.95, up 25.2% from ¥1,087,878,631.34 in 2022[192]. Revenue Breakdown - Domestic revenue accounted for 91.79% of total revenue at ¥2,013,180,316.80, down 5.56% from ¥2,131,651,056.92 in 2022[32]. - The bearing segment generated ¥2,019,134,971.87, representing 92.06% of total revenue, with a slight decrease of 1.30% from ¥2,045,687,109.49 in 2022[34]. - The company's foreign revenue decreased by 16.88% to ¥180,093,365.40, representing 8.21% of total revenue[32]. Research and Development - Research and development expenses decreased by 31.75% to ¥157,836,380.65 from ¥231,245,330.98 in 2022[41]. - The number of R&D personnel increased by 30.85% to 386 in 2023, with a significant rise in the number of bachelor's and master's degree holders[43]. - The company aims to enhance the domestic production of high-power wind turbine main shaft bearings, targeting a significant increase in market share[42]. - The development of high-end precision machine tool bearings is focused on achieving P5 level precision and improving reliability and rotational accuracy[42]. Operational Efficiency - The total operating costs for 2023 were ¥1,820,709,965.29, a decrease of 4.07% from ¥1,897,907,415.41 in 2022[37]. - The gross profit margin for the domestic segment was 15.13%, a decrease of 5.58% year-on-year[34]. - The company aims to improve operational efficiency and reduce costs through strategic initiatives[73]. Corporate Governance - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finances, ensuring autonomous operational capabilities[68]. - The independent directors bring extensive legal and financial expertise, contributing to corporate governance[76]. - The company has a strict remuneration assessment system based on the completion of annual operational goals[84]. - The company is committed to maintaining the legal rights of all shareholders through effective governance practices[91]. Environmental Responsibility - The company consumed 9,090.90 tons of standard coal in 2023, resulting in carbon emissions of 22,300 tons, a year-on-year increase of 0.1%[112]. - The utilization rate of clean energy reached 30% in 2023, a year-on-year increase of 25%, with 10% of total electricity from wind power and 20% from nuclear power[115]. - The company has implemented a self-monitoring plan for environmental protection, with data uploaded to the local environmental protection department's monitoring platform[110]. - The company is committed to social responsibility, ensuring employee welfare through various insurance and support programs[122]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,200, with a slight increase from 5,196 at the end of the previous month[154]. - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds 60.61% of the shares, totaling 244,000,000 shares, with no changes during the reporting period[155]. - The company has maintained a stable shareholder structure with no reported changes in the ownership dynamics among major shareholders[156]. Future Outlook - The company aims to achieve high-quality development through differentiated product design, application, and pricing strategies[62]. - Future guidance indicates a cautious but optimistic outlook for revenue growth in the upcoming fiscal year[73]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[82].