华依科技(688071) - 2023 Q4 - 年度财报(更新)

Financial Performance - The net profit attributable to the shareholders of the parent company for 2023 was -16,009,411.11 CNY, representing a decrease of 143.5% compared to the previous year[13]. - The net cash flow from operating activities decreased by 138.67% year-on-year, primarily due to an increase in received bills used for self-built testing platforms[13]. - Basic and diluted earnings per share both decreased by 139.22% year-on-year, attributed to an increase in share capital and a decline in net profit[13]. - The company plans not to distribute profits for 2023, with no cash dividends or stock bonuses proposed[18]. - The weighted average return on net assets decreased to -1.85% in 2023, down 9.47 percentage points from the previous year[53]. - The company reported a total revenue of 132.85 million, with a net profit of 42.36 million and an operating profit of 70.62 million[101]. - The company's operating revenue for 2023 was RMB 351,819,778.06, representing a 4.46% increase compared to RMB 336,799,572.35 in 2022[156]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 21,832,031.19, down 171.98% from a profit of RMB 30,330,721.77 in the previous year[156]. - The company's total assets increased by 59.43% to RMB 2,110,462,550.72 in 2023 from RMB 1,323,782,634.51 in 2022[172]. - The net cash flow from operating activities for 2023 was a negative RMB 25,267,977.57, a decline of 138.67% compared to RMB 65,348,169.34 in 2022[172]. Research and Development - R&D expenses increased by 32.84% year-on-year, reflecting the company's commitment to maintaining a technological edge[32]. - The R&D investment accounted for 12.04% of total revenue, up from 9.47% in the previous year, indicating a 2.57 percentage point increase[53]. - The total R&D investment for the year reached ¥42,358,045.76, an increase of 32.84% compared to the previous year, with R&D expenses accounting for 12.04% of total revenue, up by 2.57 percentage points[81]. - The number of R&D personnel increased to 101, representing 14.99% of the total workforce, compared to 89 personnel and 17.49% in the previous period[132]. - Total R&D personnel compensation reached ¥3,241.14 million, with an average salary of ¥32.09 million, up from ¥2,783.71 million and ¥31.28 million respectively[132]. - The company is committed to increasing its R&D investment to meet the growing demands of the automotive industry for performance and reliability[117]. Market and Business Expansion - The company has established partnerships with major clients including BYD, SAIC Group, and Volvo, enhancing its market presence[38]. - The company is expanding its testing service capabilities with new testing bases in Munich and Tianjin, contributing to increased operational costs[32]. - The company is focusing on high-precision inertial navigation technology, which is becoming essential for L3 and above autonomous vehicles[33]. - The company aims to expand its business in the intelligent driving field as a key strategic development goal in response to industry trends[77]. - The company is expanding its testing services for new energy vehicle powertrains, responding to the growing global demand for such testing services[179]. - The company has established deep collaborative relationships with mainstream clients, including major domestic and international automotive brands such as BYD, Geely, and Renault[193]. - The company has officially launched an autonomous driving testing base project, covering 40 acres for R&D, testing, and validation services related to autonomous driving[106]. Technological Advancements - The company possesses advanced virtual sensor cascading technology, enhancing IMU output accuracy through sensor fusion[63]. - The company has developed a high-precision small torque measurement and control system with a total investment of $6,469,164.85, enhancing testing capabilities for small motors[89]. - The company has developed a flexible cold testing system for diesel engines, with an investment of CNY 6,500,000, aimed at improving the quality testing of engine components[117]. - The company is focusing on high-precision testing technologies for fuel cell vehicles, including fuel cell stack testing technology[108]. - The company has made advancements in high-fidelity digital testing technologies based on international testing standards for both fuel and new energy vehicles[107]. - The company is developing a high-precision inertial measurement unit for autonomous driving applications[108]. - The company has developed a strong technical system composed of core technologies, patents, and software copyrights, which is crucial for the successful delivery of its products and services[197]. Investment and Projects - The company has invested a total of $5,584,936.79 in a wireless network-based PLC remote safety monitoring system, which is now completed and aims to enhance remote monitoring capabilities, especially in remote areas[83]. - A high-performance fuel cell stack rapid activation system project has received $4,229,939.60 in cumulative investment, significantly reducing activation time and improving production efficiency[83]. - The development of a cold test high-speed drive system for engines has reached the experimental verification stage with a total investment of $4,560,768.06, enhancing defect detection capabilities[83]. - The controller offline programming station project has been completed with a total investment of $6,834,384.16, aiming to improve the speed and stability of the programming process[86]. - The automatic assembly technology for flat wire motor stators is in the testing phase with a cumulative investment of $3,599,761.99, targeting the growing demand in the new energy vehicle sector[86]. - The company has developed a BMS HIL testing system for electric vehicles, with a project budget of $2,000,000 and a completion status, enabling rapid verification of product functionality and performance during the R&D phase[95]. Industry Trends - Global sales of new energy vehicles reached 14.65 million units in 2023, a year-on-year growth of 35.4%[43]. - In China, new energy vehicle production and sales reached 9.59 million and 9.50 million units respectively, with year-on-year increases of 35.8% and 37.9%[43]. - The Chinese electric vehicle industry is entering a new phase of accelerated development, presenting unprecedented opportunities for growth[104]. - The automotive industry is evolving into a networked ecosystem involving multiple sectors, enhancing market vitality and driving collaborative development[195].