久吾高科(300631) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥756,999,521.77, representing a 2.12% increase compared to ¥741,309,374.83 in 2022[27]. - The net profit attributable to shareholders for 2023 was ¥45,350,453.73, up 4.80% from ¥43,274,220.39 in 2022[27]. - The net profit after deducting non-recurring gains and losses increased by 55.10% to ¥39,297,675.63 from ¥25,337,346.32 in 2022[27]. - The net cash flow from operating activities improved significantly to ¥52,682,213.10, a 206.51% increase from -¥49,460,226.40 in 2022[27]. - The total assets at the end of 2023 were ¥1,893,031,949.03, reflecting a 3.80% increase from ¥1,823,669,209.83 at the end of 2022[27]. - The company's basic earnings per share for 2023 was ¥0.3699, a 4.61% increase from ¥0.3536 in 2022[27]. - The company achieved a net profit margin of 25.82% from investment income, primarily from investments in joint ventures and associates[93]. - The company reported a significant decrease in investment activity cash inflow, which fell by 37.73% to ¥206,579,472.40 in 2023[91]. - The total investment during the reporting period was 39,639,179.83, representing a 32.13% increase compared to the previous year[99]. Dividend Distribution - The company plans to distribute a cash dividend of 1.8 RMB per 10 shares (including tax) to all shareholders based on the total share capital on the dividend distribution date[6]. - The company proposes a cash dividend of CNY 1.8 per 10 shares (tax included) for the 2023 profit distribution plan, with no bonus shares to be issued[173]. - The company plans to distribute a cash dividend of 0.7 yuan per 10 shares (including tax) based on a total share capital of 122,642,024 shares as of March 31, 2023[170]. Research and Development - Research and development expenses amounted to 48.22 million RMB, representing 6.37% of operating revenue, reflecting the company's commitment to innovation[68]. - The company has established a complete R&D system for separation materials and technologies, ensuring continuous technological innovation and application expansion[53]. - The company is focusing on optimizing the performance of adsorbents and developing new materials to strengthen its market position[86]. - The company has invested 100 million yuan in R&D for new technologies aimed at improving production efficiency by 30%[153]. - The company has accumulated 36 patents related to lithium extraction, including 23 invention patents, enhancing its competitive edge in the market[69]. Market Expansion and Strategy - The company is focused on the development of high-performance separation membrane materials, which are considered key strategic materials in the new materials industry[36]. - The company has seen a strong growth trend in the global membrane market, driven by increasing demand for advanced separation and purification technologies across various industries[36]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[153]. - The company aims to maintain a leading position in lithium extraction projects in Qinghai and Tibet, while expanding into the lithium brine markets in South America and Russia[122]. - The company plans to enhance its digital marketing strategy, allocating an additional 50 million yuan to increase brand awareness and customer engagement[153]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[6]. - The company has a dedicated risk control and supervision department under the audit committee, which is responsible for overseeing the implementation of internal audit systems[132]. - The company has established independent financial management systems and decision-making processes, ensuring no shared bank accounts with shareholders[135]. - The company has implemented a structured remuneration decision-making process through its compensation and assessment committee[157]. - The company’s board of directors has actively participated in governance and operational decision-making, ensuring compliance with regulations[162]. Environmental and Social Responsibility - The company was recognized as a "Green Factory" in Jiangsu Province in 2023, reflecting its commitment to low-carbon and energy-saving management practices[183]. - The company has implemented an environmental management system in accordance with GB/T 24001-2016/ISO 14001:2015 standards to minimize negative environmental impacts[186]. - The company actively engages in social responsibility initiatives, including the establishment of the "Jiu Wu Scholarship" to support underprivileged students[186]. - The company has committed to not transferring more than 25% of its shares during the tenure of its directors and senior management, and for 6 months post-departure[189]. Operational Efficiency - The company implemented cost reduction and efficiency improvement initiatives, resulting in significant operational enhancements[72]. - The company’s energy procurement costs account for over 30% of total production costs, indicating significant exposure to energy price fluctuations[57]. - The company is focusing on optimizing lithium extraction processes to reduce investment and operational costs, enhancing value for customers during the lithium salt industry's bottom cycle[122]. - The company aims to enhance operational efficiency and reduce operating costs while expanding market share and improving competitiveness[193]. Subsidiaries and Partnerships - The company has established a wholly-owned subsidiary, Tibet Jiuwu, for the production of lithium adsorbents, capitalizing on the growing demand for lithium resources driven by the rapid development of the new energy and energy storage industries[38]. - The company has established a new subsidiary, Tibet Naqu Jiuwu New Energy Service Co., Ltd., which was registered on September 14, 2023, with a paid-in capital of RMB 200,000[199]. - The company has formed partnerships with several domestic salt lake resource enterprises to promote environmentally friendly lithium extraction processes[56]. Employee and Talent Management - The total number of employees at the end of the reporting period is 576, with 267 in production, 39 in sales, 194 in technology, 13 in finance, and 63 in administration[166]. - The company emphasizes a talent policy that supports high-quality talent and aims to enhance employee effectiveness[168]. - The company has established a comprehensive training plan to improve employee skills and promote mutual development[169]. - The company has increased its R&D personnel from 101 in 2022 to 143 in 2023, representing a growth of 41.58%[88].