吉鑫科技(601218) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 1,389,746,735.52, a decrease of 21.12% compared to CNY 1,761,775,538.65 in 2022[24] - The net profit attributable to shareholders for 2023 was CNY 131,294,974.05, down 15.47% from CNY 155,332,037.56 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 122,157,130.51, a decrease of 20.38% compared to CNY 153,430,094.55 in 2022[24] - The net cash flow from operating activities for 2023 was CNY 399,320,771.01, down 11.98% from CNY 453,694,060.75 in 2022[24] - The total assets at the end of 2023 were CNY 3,739,080,837.55, a decrease of 3.33% from CNY 3,867,834,010.32 at the end of 2022[24] - The net assets attributable to shareholders at the end of 2023 were CNY 2,901,146,375.51, an increase of 3.32% from CNY 2,807,805,020.56 at the end of 2022[24] - The basic earnings per share for 2023 were CNY 0.1355, down 15.42% from CNY 0.1602 in 2022[25] - The diluted earnings per share for 2023 were CNY 0.1344, a decrease of 15.42% compared to CNY 0.1589 in the previous year[25] - The weighted average return on equity for 2023 was 4.60%, a decrease of 1.04 percentage points from 5.64% in 2022[25] Revenue Breakdown - In 2023, the company achieved total revenue of approximately RMB 1.41 billion, with quarterly revenues of RMB 235.72 million, RMB 330.90 million, RMB 410.21 million, and RMB 412.91 million respectively[26] - The net profit attributable to shareholders for the year was approximately RMB 130.71 million, with quarterly profits of RMB 10.22 million, RMB 43.23 million, RMB 40.19 million, and RMB 37.08 million respectively[26] - Wind power operations generated revenue of CNY 193 million, representing a growth of 6.73% year-over-year, benefiting from medium to long-term transaction settlement electricity prices[42] - Domestic revenue decreased by 11.54% to CNY 1.16 billion, while international revenue fell by 47.51% to CNY 214 million[48] Cost Management - Operating costs decreased by 26.99% to CNY 1.06 billion, primarily due to reduced sales volume and improved internal cost control[45] - Raw material prices decreased significantly in 2023, contributing to a reduction in overall material procurement costs, exceeding 50% of the cost reduction target[32] - The cost of raw materials accounted for 51.95% of total costs, down from 56.72% year-on-year, reflecting a 33.40% decrease in amount[51] Inventory and Production - The company reported a decrease in shipments of 11.36 million tons, a decline of 21% compared to 2022, attributed to slower project completions in the domestic market[31] - The company successfully reduced inventory by 25% compared to the end of 2022, enhancing production efficiency and flexibility[32] - The production volume of wind power castings was 103,104 tons, with a sales volume of 106,036 tons, reflecting a year-over-year decrease of 16.84% in sales[49] Research and Development - The company emphasized research and development while optimizing costs, accelerating the development of new products in response to customer demands[32] - Research and development expenses were CNY 44 million, down 6.08% from the previous year, reflecting project changes[45] - The company applied for and accepted 1 invention patent and 8 utility model patents during the reporting period, with a total of 76 authorized patents by the end of the reporting period[40] Market Strategy - The company is focused on expanding its market presence and improving production processes through lean manufacturing initiatives in collaboration with clients[32] - The company aims to improve customer satisfaction through enhanced quality control, cost management, and delivery efficiency[41] - The company plans to expand its market presence and invest in new product development to drive future growth[91] Environmental Responsibility - The company invested 6.6 million yuan in environmental protection during the reporting period[127] - The company has implemented effective measures for waste gas treatment, including 23 dust removal devices for particulate matter and 4 activated carbon adsorption boxes for volatile organic compounds[131] - The company’s wastewater is treated through a septic tank and discharged into the municipal sewage system[131] - The company has established emergency response plans for environmental incidents, with registrations filed with the environmental protection bureau[134] Governance and Compliance - The company has established a complete and reasonable corporate governance structure and internal control system[125] - The internal control audit report issued by Zhongxinghua Accounting Firm indicates a standard unqualified opinion[125] - The company has not faced any administrative penalties related to environmental issues during the reporting period[136] Shareholder Information - The total share capital as of December 31, 2023, is 977,095,932 shares, with 970,126,208 shares eligible for dividend distribution after accounting for repurchased shares[114] - The company has confirmed that the cash dividend policy complies with its articles of association and shareholder resolutions[115] - The top ten shareholders collectively hold 22.10% of the company's total shares, with the largest shareholder, Bao Shijin, owning 21.99%[175] Future Outlook - The company aims to increase its clean energy share to over 50% by 2025, aligning with national energy policies[71] - Future guidance indicates a projected revenue growth of approximately 10% year-over-year for the next fiscal year[91] - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[91]