Business Performance - The company's operating revenue for 2023 was RMB 468,664,530.32, representing a 2.02% increase from RMB 459,379,682.75 in 2022[13]. - The net profit attributable to shareholders for 2023 was RMB 41,159,219.51, an increase of 8.20% compared to RMB 38,039,532.84 in 2022[13]. - The gross profit margin improved to 33.19% in 2023 from 30.47% in 2022[13]. - Total assets at the end of 2023 reached RMB 663,182,455.48, a 6.35% increase from RMB 623,580,689.33 at the end of 2022[14]. - The company's total liabilities increased by 8.34% to RMB 332,993,137.27 in 2023 from RMB 307,349,509.68 in 2022[14]. - The net asset attributable to shareholders was RMB 327,208,574.37, reflecting a 4.35% increase from RMB 313,579,726.89 in 2022[14]. - The cash flow from operating activities for 2023 was RMB 91,564,291.13, a decrease of 3.36% from RMB 94,751,018.97 in 2022[15]. - The company reported a non-recurring profit and loss of RMB 5,866,573.48 for 2023, compared to RMB 3,828,433.25 in 2022[18]. Research and Development - The company has developed over 6,000 proprietary cosmetic base formulas, enhancing its ability to respond quickly to customer customization needs[22]. - The company achieved R&D expenditures of ¥27,434,803.89, representing 5.85% of operating revenue[54]. - The total number of patents owned by the company increased to 134, up from 124 in the previous period[55]. - The number of R&D personnel rose from 101 to 117, with the proportion of R&D staff to total employees increasing from 12.88% to 13.76%[54]. - The company is collaborating with Peking University on patent technology transfer, specifically for the method of refining dihydroquercetin from larch[59]. - The company has developed a new cosmetic ingredient based on ginger and polygonum multiflorum fermentation products, which is currently being promoted[59]. - The company is conducting research on the extraction of lily polysaccharides and flavonoids for application in cosmetic formulations[58]. Market Presence and Strategy - Bawei participated in 14 domestic beauty industry exhibitions and 6 international beauty exhibitions during the reporting period[1]. - The company plans to publicly issue 8 million A-shares at a price of RMB 5.77 per share, raising a total of RMB 46,160,000, with a net amount of RMB 35,450,300 after expenses[12]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34]. - The company aims to enhance its core competitiveness by focusing on ODM and OBM business layouts to achieve sustainable and steady growth[82]. - The company plans to implement a "big customer, big product" strategy to optimize its customer structure and focus resources on strong cosmetic brand partners[80]. Financial Management - The company has a total loan amount of ¥153,362,336.28 from various banks, with interest rates ranging from 1.50% to 5.05%[109]. - The company has provided external guarantees totaling ¥70 million, with a current balance of approximately ¥47.46 million, ensuring compliance with necessary decision-making procedures[93]. - The company has implemented a cash dividend policy, distributing ¥4 per 10 shares to all shareholders, based on a total share capital of 76,600,000 shares[110]. - The company has not proposed a cash dividend distribution plan despite having positive undistributed profits during the reporting period[112]. Environmental and Social Responsibility - The company implemented several environmental protection initiatives, including a photovoltaic power generation project that produced 866,000 kWh of electricity, reducing CO2 emissions by 863 tons[70]. - The company upgraded its central air conditioning system, achieving a 10% reduction in electricity consumption[70]. - The company actively participated in social responsibility projects, contributing to local charities and community funds[67]. - The company is committed to green product design, focusing on reducing environmental pollution and promoting recyclable packaging[71]. Corporate Governance - The audit committee ensured the independence and competence of the auditing firm, which provided objective and timely audit reports[62]. - The company has established a governance structure to mitigate risks associated with the control of major shareholders[86]. - The company will continue to strengthen its management and supervision to ensure compliance with governance standards and protect the interests of minority shareholders[86]. - Major decisions are made following established procedures, with independent directors providing opinions, ensuring accountability[149]. Industry Trends - The Chinese cosmetics market size reached ¥516.9 billion in 2023, with a year-on-year growth of 6.4%[26]. - The skincare market in China grew to ¥280.4 billion in 2023, reflecting a 9.3% increase year-on-year[26]. - The global beauty and personal care market size reached $536.5 billion in 2022, with a forecast to grow to $688.8 billion by 2028[77]. - The regulatory environment for cosmetics is evolving, with new guidelines and standards being implemented to ensure product safety and quality[128].
芭薇股份(837023) - 2023 Q4 - 年度财报