Certification and Recognition - In July 2023, the wholly-owned subsidiary Yichang Lijia obtained ISO50001:2008 Energy Management System certification[3]. - In October 2023, Yichang Lijia passed customs certification and received the Advanced Certification Enterprise Certificate from customs[3]. - In November 2023, Yichang Lijia was recognized as a "Green Factory" by the Ministry of Industry and Information Technology[5]. - The company received ISO 50001:2008 certification for its energy management system, enhancing energy efficiency and reducing consumption[46]. - The company is committed to environmental protection and has implemented ISO 14001 standards to manage its environmental impact effectively[94]. - The company is recognized as a "green factory" by the Ministry of Industry and Information Technology, reflecting its commitment to sustainable practices[94]. Financial Performance - The company's operating revenue for 2023 reached ¥381,939,707.71, representing a 14.14% increase compared to ¥334,610,313.45 in 2022[27]. - The net profit attributable to shareholders was ¥44,613,618.61, up 13.85% from ¥39,186,277.22 in the previous year[27]. - The gross profit margin decreased to 24.81% in 2023 from 27.54% in 2022[27]. - Total assets increased by 1.15% to ¥638,750,790.36 at the end of 2023, compared to ¥631,476,503.74 at the end of 2022[28]. - Total liabilities decreased by 13.85% to ¥185,499,184.21 from ¥215,312,137.07 in 2022[28]. - The company's cash flow from operating activities was ¥55,597,380.64, a decline of 34.07% from ¥84,326,965.19 in the previous year[28]. - The weighted average return on equity (ROE) based on net profit was 10.43%, down from 15.37% in 2022[27]. - The basic earnings per share decreased by 6.45% to ¥0.87 from ¥0.93 in 2022[27]. - The company reported a 1.71% increase in net profit after deducting non-recurring gains and losses, totaling ¥41,080,361.90[30]. - The company's debt-to-asset ratio (consolidated) improved to 29.04% from 34.10% in 2022[28]. - The company achieved a domestic sales revenue growth of 33.38% year-on-year, despite challenges from geopolitical tensions and inflation[43]. - The company's total revenue for 2023 was CNY 381,939,707.71, representing a year-on-year increase of 14.14% from CNY 334,610,313.45 in 2022[56]. - The gross profit margin for the year was 24.81%, a decrease of 2.72 percentage points compared to the previous year[43]. - The company's cash and cash equivalents decreased by 60.84% to CNY 76,128,275.47 at the end of 2023, down from CNY 194,381,670.54 at the end of 2022[54]. - Trade financial assets increased significantly by 262.92% to CNY 94,786,070.18 in 2023, compared to CNY 26,117,631.27 in 2022[54]. - The company's R&D expenses rose by 26.04% to CNY 18,595,003.49, up from CNY 14,753,747.72 in the previous year[56]. - The inventory decreased by 25.39% to CNY 66,243,009.28 in 2023, down from CNY 88,785,878.65 in 2022[54]. - The company's accounts payable increased by 33.18% to CNY 58,712,364.83 in 2023, compared to CNY 44,084,723.16 in 2022[56]. - The company's investment income improved significantly, showing a gain of CNY 1,804,386.44 in 2023, compared to a loss of CNY 2,032,803.61 in 2022, marking a 188.76% increase[56]. - The company's construction in progress increased by 122.59% to CNY 47,125,042.33 in 2023, up from CNY 21,171,520.75 in 2022[54]. - The company's main business income increased by 14.52% to CNY 381,540,963.30 in 2023, compared to CNY 333,168,218.20 in 2022[60]. - The company's operating revenue increased by 14.14% year-on-year, primarily due to enhanced market development and improved customer service levels[65]. - Investment income for 2023 reached CNY 1.8044 million, a year-on-year increase of 188.76% due to higher financial management returns and reduced losses from forward foreign exchange transactions[65]. - The net cash flow from operating activities decreased by 34.07% year-on-year, primarily due to a decline in accounts payable compared to the beginning of the reporting period[70][71]. - Domestic sales grew significantly by 33.38% year-on-year, while overseas sales remained relatively stable with a growth of 1.46%[66]. Research and Development - The company has 20 invention patents and 6 utility model patents pending review as of the end of the reporting period[46]. - The company successfully launched a new laminated lithium manganese soft pack battery, which is expected to enhance sales and profitability[45]. - A new generation of lithium manganese button battery production line is currently in testing, with a designed capacity of 200 units per minute[45]. - The company completed the development of a new type of flexible all-solid-state lithium battery, aiming to become a leader in this technology within the domestic market[85]. - The company has developed a high-temperature resistant electrolyte, enhancing the performance of wide-temperature batteries and expanding market applications[85]. - A new production process for soft-pack batteries has been developed, improving efficiency and safety, which is expected to increase market share[86]. - The company is working on a new type of segmented winding soft-pack battery, which will broaden product applications and enhance market competitiveness[86]. - Research and development expenses amounted to CNY 18.595 million, representing 4.87% of operating revenue, compared to 4.41% in the previous year[81]. - The company is committed to increasing R&D investment to develop new technologies and products that meet evolving market demands, particularly in green and high-capacity lithium micro-batteries[103]. - The company has a significant focus on lithium microbattery technology, holding multiple industry-leading patents and proprietary technologies[104]. Corporate Governance and Management - The company has established a competitive compensation policy to ensure stable development, with no retired employees requiring company-funded expenses during the reporting period[166]. - The company has implemented various governance mechanisms to ensure equal rights for all shareholders, including online voting options for shareholder meetings[173]. - The company has established several specialized committees under the board, including the audit committee and the strategic committee, to enhance governance and decision-making efficiency[183]. - The company has revised its governance documents to comply with relevant laws and regulations, improving its governance structure and internal controls[181]. - The company has maintained strict confidentiality regarding undisclosed material information and has improved communication with investors to enhance transparency[182]. - The company has established a comprehensive financial management system and risk control mechanisms, with no significant deficiencies reported during the year[194][195]. - The company has implemented a performance evaluation mechanism for senior management, with compensation linked to annual operational performance and employee evaluations[197]. - The company has a clear asset ownership structure, with no legal disputes or asset occupation by controlling shareholders[191]. - The company has established an independent financial department, ensuring compliance with accounting standards and independent financial decision-making[191]. - The company has a dedicated investor relations management system to enhance communication and transparency with investors[199]. Shareholder Information - The total share capital of the company is 51,420,000 shares[21]. - The company is listed on the Beijing Stock Exchange with the stock code 835237[20]. - The actual controller of the company is Wang Jian, with a unified social credit code of 91440300761975857A[22]. - The company has not disclosed the names of its top five customers due to confidentiality agreements[11]. - The largest shareholder, Tibet Mengxuan Venture Capital Management Co., Ltd., holds 15,662,362 shares, accounting for 30.46% of total shares[142]. - The second-largest shareholder, Lijia Investment Co., Ltd., holds 9,460,859 shares, representing 18.40% of total shares[138]. - The company has 8,114 ordinary shareholders as of the reporting date[137]. - The company’s restricted shares decreased from 40,413,508 to 17,032,462, indicating a significant reduction in restricted stock[137]. - The company’s total share capital after the buyback is 51,120,000 shares, which is the basis for the cash dividend distribution[153]. - The company approved a cash dividend of RMB 2.5 per 10 shares, amounting to a total distribution of RMB 12,780,000 based on a total share capital of 51,420,000 shares[153]. Risks and Challenges - The company faces risks related to rising labor costs, which could impact operational performance, and is implementing measures to improve automation and reduce reliance on manual labor[103]. - The company is addressing the risk of core technical personnel shortages by enhancing internal governance and establishing incentive policies to retain talent[103]. - The company is exposed to foreign exchange risks due to significant overseas revenue, and it is monitoring exchange rate trends to mitigate potential impacts on financial results[103]. - The company faces risks related to raw material price fluctuations, particularly lithium, which can significantly impact production costs[104]. - The company reported a significant inventory level at the end of the reporting period, which could lead to potential write-downs if market conditions change[104]. - The company has not experienced any major changes in significant risks during the reporting period[106]. Employment and Workforce - The total number of employees increased from 497 to 575, representing a growth of approximately 15.7%[165]. - Management personnel increased from 58 to 62, while production personnel rose from 350 to 416, indicating a significant expansion in workforce[165]. - The company added 78 new jobs during the reporting period, contributing to employment and tax revenue[93]. Fundraising and Financial Management - The company raised a total of RMB 181,800,000 through the issuance of 10,000,000 shares at a price of RMB 18.18 per share[150]. - As of December 31, 2023, the company has utilized RMB 70,681,748.22 of the raised funds, with RMB 68,472,603.22 allocated to the "New Generation High-Performance Lithium Primary Battery Industrialization Project" and RMB 2,209,145.00 to the "R&D Center Project"[151]. - The company incurred issuance costs of RMB 19,231,844.66, resulting in a net fundraising amount of RMB 162,568,155.34[150]. - The company has not made any changes to the use of raised funds during the reporting period[149]. - The company plans to use raised funds for the industrialization of next-generation high-performance lithium primary batteries and the establishment of a R&D center, which aligns with its future development strategy[104].
力佳科技(835237) - 2023 Q4 - 年度财报