BYT(BJ:836675)2024-03-21 16:00Financial Performance - The company's operating revenue for 2023 reached ¥539,120,589.49, representing a 15.79% increase compared to ¥465,603,694.14 in 2022[23]. - The net profit attributable to shareholders of the listed company was ¥68,660,565.09, an increase of 11.95% from ¥61,333,166.77 in the previous year[23]. - The gross profit margin for 2023 was 21.72%, down from 23.53% in 2022[23]. - The basic earnings per share increased to ¥0.40, reflecting an 11.11% rise from ¥0.36 in 2022[23]. - The company reported a revenue growth rate of 15.79% year-over-year, with total revenue of 539,120,589.49 yuan compared to 465,000,000 yuan in 2022[26]. - The net profit attributable to shareholders increased by 11.95% year-over-year, totaling 68,660,565.09 yuan compared to 61,333,166.77 yuan in 2022[26]. - The company achieved operating revenue of 539.12 million yuan, an increase of 73.52 million yuan, representing a growth of 15.79% compared to the same period last year[41]. - The company aims for annual revenue growth and to become one of the most recognized proppant companies in China[101]. Cash Flow and Liquidity - Operating cash flow improved significantly, with a net cash flow from operating activities of 59,131,193.13 yuan, a 233.60% increase from -44,261,407.08 yuan in 2022[25]. - In 2023, the company's cash and cash equivalents increased by 96.35% compared to 2022, reaching ¥120,382,683.59, primarily due to increased bank transfers from accounts receivable[51]. - The net cash flow from operating activities in 2023 increased by 233.60% compared to 2022, reaching ¥59,131,193.13, primarily due to increased bank transfers for accounts receivable[72]. - The net cash flow from financing activities in 2023 grew by 160.88% year-on-year, amounting to ¥15,598,835.71, mainly due to an increase in cash received from borrowings[72]. Assets and Liabilities - Total assets increased by 10.26% year-over-year, reaching 929,870,760.86 yuan compared to 843,339,618.45 yuan in 2022[25]. - Total liabilities rose by 14.54% year-over-year, amounting to 347,274,517.81 yuan, up from 303,184,017.06 yuan in 2022[25]. - Current liabilities rose to ¥340,895,691.26 in 2023, up from ¥296,229,050.60 in 2022, indicating an increase of about 15.06%[198]. - Owner's equity rose to ¥582,596,243.05 in 2023, compared to ¥540,155,601.39 in 2022, showing an increase of approximately 7.87%[198]. Operational Highlights - The sales volume of fracturing proppants reached 656,800 tons, an increase of 214,700 tons, with a growth rate of 48.57% year-on-year[41]. - The company sold 150,700 tons of ceramic proppants, a decrease of 43,300 tons, with a decline of 22.32% year-on-year[41]. - The sales amount of quartz sand was 267.34 million yuan, an increase of 145.73 million yuan, reflecting a growth of 119.84% year-on-year[42]. - The company has been focusing on the research, development, production, and sales of fracturing proppant series products[17]. Corporate Governance - The company established an audit committee to enhance corporate governance and internal control systems[6]. - The company held its annual shareholders' meeting on April 27, 2023, to approve the profit distribution plan[5]. - The board of directors consists of 9 members, while the supervisory board has 3 members, and there are 5 senior management personnel[145]. - The governance mechanism provides adequate protection and equal rights for all shareholders, particularly minority shareholders[165]. Research and Development - The company is recognized as a "National High-tech Enterprise" and is engaged in the research and development of new products and technologies[40]. - R&D expenditure for the period was ¥16,802,161.78, representing 3.12% of operating revenue, compared to 3.15% in the previous year[84]. - The number of R&D personnel increased from 29 to 37, with R&D staff now accounting for 13.03% of the total workforce[85]. - The company has a total of 51 patents, including 16 invention patents, reflecting its commitment to innovation[86]. Risk Management - The company did not experience any significant changes in major risks during the reporting period[11]. - The company maintains a stable financial condition with a focus on enhancing production and marketing strategies[43]. Shareholder Relations - The company distributed a cash dividend of 1.50 CNY per 10 shares to all shareholders on June 6, 2023[119]. - The profit distribution plan was approved at the annual shareholders' meeting on April 27, 2023, and the distribution was completed on June 5, 2023[139]. - The company prioritizes cash dividends to ensure the protection of shareholders' rights and interests[141]. Compliance and Legal Matters - The company has not encountered any legal violations or significant deficiencies in its major decision-making processes during the reporting period[166]. - The company has not experienced any significant accounting errors or omissions during the reporting period, adhering to its disclosure responsibility[183]. - The company has no significant litigation or arbitration matters pending as of the reporting period[109].