TIANMA(SZ:000050)2024-03-14 16:00Financial Performance - The company reported a profit distribution plan of no cash dividends, no stock bonuses, and no capital reserve transfers to increase share capital[3]. - The company's operating revenue for 2023 was CNY 32,271,305,895.60, representing a 2.62% increase compared to CNY 31,447,476,894.80 in 2022[12]. - The net profit attributable to shareholders for 2023 was a loss of CNY 2,097,588,448.58, a decrease of CNY 2,209,279,367.78 from a profit of CNY 112,521,171.81 in 2022[12]. - The net cash flow from operating activities for 2023 was CNY 3,957,698,255.93, showing a 1.15% increase from CNY 3,912,600,159.94 in 2022[12]. - The basic earnings per share for 2023 was -CNY 0.8535, a decrease of CNY 0.8989 from CNY 0.0458 in 2022[12]. - The diluted earnings per share for 2023 was also -CNY 0.8535, reflecting the same decrease as the basic earnings per share[12]. - The weighted average return on net assets for 2023 was -7.23%, a decrease of 7.60% from 0.37% in 2022[12]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -CNY 3,830,718,294.76 for 2023, a decrease of CNY 2,471,590,525.02 from -CNY 1,388,508,491.55 in 2022[12]. - Total assets increased by 1.22% to ¥81,976,317,309.22 compared to the previous year[13]. - Net assets attributable to shareholders decreased by 7.00% to ¥27,959,556,739.53[13]. Governance and Compliance - The report includes a detailed description of the company's governance structure and social responsibility initiatives[5]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible persons, ensuring accountability[2]. - The company has established a complete and reasonable corporate governance structure in compliance with relevant laws and regulations[138]. - The company has maintained compliance with relevant laws and regulations throughout the reporting period[117]. - The company has established independent financial accounting systems and maintains independent bank accounts[86]. - The company’s management team does not hold concurrent positions in shareholder units, ensuring operational independence[86]. - The company has a complete and independent organizational structure, adhering strictly to its articles of association[86]. - The company’s assets are independently controlled, with clear ownership and no unauthorized use by controlling shareholders[86]. - The company’s financial management personnel do not hold positions in shareholder units, ensuring no interference in financial decisions[86]. Risk Management - The management discussed various risks including macroeconomic, market, technological, and intellectual property risks in the future development outlook section[2]. - The company has established a comprehensive risk management and internal control system, with the board of directors overseeing its effectiveness[130]. - The internal control system was continuously optimized, with a focus on key control links and compliance requirements to effectively manage risks[131]. - The company identified and assessed major risks annually, implementing monitoring indicators and reporting risk changes to management quarterly[132]. - Various methods, including self-checks and audits, were employed to evaluate the execution of internal control systems across business areas[133]. Research and Development - The company is focused on developing new technologies and products, although specific details were not provided in the excerpts[4]. - Research and development expenses rose by 12.08% to ¥3,061,997,203.38, reflecting the company's commitment to innovation[47]. - The company achieved a research and development investment of approximately CNY 3.34 billion in 2023, representing a 12.13% increase from CNY 2.98 billion in 2022[53]. - The proportion of R&D investment to operating revenue increased to 10.37% in 2023, up from 9.49% in 2022, marking an increase of 0.88 percentage points[53]. - The company is actively pursuing carbon neutrality goals, implementing a comprehensive action plan for carbon peak and carbon neutrality[35]. Market Expansion and Strategy - The company is focused on expanding into new application markets, including electric vehicles and high-specification display technologies[22]. - The company aims to strengthen its core business in smartphone and automotive displays while expanding into IT displays and niche markets[74]. - The company plans to enhance its AMOLED technology and increase the shipment volume of high-end products, aiming for improved competitiveness and profitability[76]. - The company is exploring potential acquisitions in the semiconductor sector to bolster its technology portfolio[98]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring at least one company in the next year[84]. Environmental Responsibility - The company strictly adheres to environmental protection laws and industry standards during its operations[140]. - The company has obtained all necessary environmental permits for its new, modified, and expanded projects as required by law[141]. - The company has invested in multiple energy-saving projects, effectively reducing carbon emissions through various upgrades and optimizations[150]. - The company has implemented automatic online monitoring systems for key pollutants such as COD, ammonia nitrogen, and VOCs to ensure compliance with emission standards[146]. - The company has established emergency response plans for environmental incidents, which have been reviewed and filed with local environmental authorities[148]. Shareholder Engagement - The first temporary shareholders' meeting in 2023 had an investor participation rate of 63.28%[88]. - The annual shareholders' meeting for 2022 had a participation rate of 64.18%[88]. - The company has established a robust investor relations management system to improve communication with stakeholders and protect their interests[84]. - The company is committed to maintaining transparency and compliance with regulatory requirements during the transition of board members[92]. Employee and Organizational Structure - The total number of employees at the end of the reporting period was 24,376, with 3,228 in the parent company and 21,148 in major subsidiaries[122]. - The professional composition includes 13,749 production personnel, 604 sales personnel, 7,187 technical personnel, 163 financial personnel, and 2,673 administrative personnel[122]. - The company implemented a differentiated compensation strategy linked to employee performance and capabilities, aiming to enhance organizational vitality and ensure sustainable development[124]. - The company conducted various training programs in 2023, focusing on management and technical skills to support talent development strategies[126]. Strategic Partnerships and Collaborations - The company has initiated a strategic partnership with a leading tech firm to enhance supply chain efficiency, aiming for a 15% reduction in costs[98]. - The company has deepened cooperation with major global automotive brands, covering over a thousand vehicle models and expanding its presence in the new energy vehicle sector[27]. Financial Management - The company has a maximum daily deposit limit of RMB 2 billion with AVIC Finance, with a deposit interest rate of 0.205% for RMB[193]. - The company has a comprehensive credit limit of RMB 700 million with AVIC Finance, with a loan interest rate of 1-year LPR minus 0.75%[194]. - The company reported no major related transactions with its financial company during the reporting period[196].