豪迈科技(002595) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥7,165,808,678, representing a year-on-year increase of 7.88% compared to ¥6,642,229,912 in 2022[18]. - The net profit attributable to shareholders for 2023 was ¥1,612,088,152, a significant increase of 34.33% from ¥1,200,202,924 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥1,565,612,592, up 33.60% from ¥1,171,952,183 in 2022[18]. - Cash flow from operating activities saw a remarkable increase of 188.96%, totaling ¥1,604,903,342 compared to ¥555,408,729.96 in 2022[18]. - Basic earnings per share rose to ¥2.0305, reflecting a growth of 34.91% from ¥1.5052 in the previous year[18]. - Total assets at the end of 2023 amounted to ¥9,913,603,329, marking a 15.38% increase from ¥8,592,236,706 at the end of 2022[18]. - The net assets attributable to shareholders increased by 17.38% to ¥8,612,993,968 from ¥7,337,707,108 in 2022[18]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥6.25 per 10 shares, based on a total share capital of 798,558,800 shares[4]. - The total cash dividend amount, including other methods, is 576,583,629 RMB, which accounts for 100% of the profit distribution total[147]. - The company has a share repurchase plan with a total amount not less than 50 million RMB and not exceeding 100 million RMB, with shares repurchased totaling 2,351,000, representing approximately 0.2939% of the total share capital[145]. Market and Industry Insights - The global gas turbine market size in 2023 was estimated at USD 25 billion, with a 40% year-on-year growth in heavy-duty gas turbine installations over 80MW[32]. - In 2023, the domestic wind power industry achieved a record high of over 75GW in new installations, with a cumulative installed capacity of 440 million kilowatts[34]. - The forecast for the global gas turbine market is expected to reach USD 28.3 billion by 2026, indicating continued growth potential[33]. - The machine tool industry experienced a revenue decline of 10.3% and a profit drop of 35.8% year-on-year[36]. - The metal cutting machine enterprises saw a revenue decrease of 7.2% and a profit decline of 13.4% in 2023[36]. Risks and Challenges - The company faces risks including economic environment fluctuations, exchange rate volatility, market competition, and raw material price changes[4]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[26]. - The company recognizes economic environment risks that may impact product sales and revenue growth, and it will implement effective preventive measures[90]. - The company faces exchange rate fluctuation risks due to its significant export sales, which could affect pricing and profitability[91]. - The company is actively managing raw material price volatility to minimize its impact on gross and net profit margins[94]. Research and Development - The company reported a 20.52% increase in R&D expenses, totaling ¥355,745,458.70 in 2023 compared to ¥295,173,060.27 in 2022[65]. - The company has over 270 invention patents and focuses on innovative products like energy-efficient molds and electric heating vulcanizing machines[44]. - The company aims to enhance its competitive edge through the development of high-performance tire machines and intelligent management systems for tire molds[66]. - The company is actively pursuing intelligent manufacturing technologies in tire mold design to reduce production cycles and improve efficiency[66]. - The company's R&D investment increased by 21.68% year-on-year, reaching ¥359,164,738.25, which represents 5.01% of total revenue[67]. Corporate Governance - The company has maintained a strict governance structure in compliance with relevant laws and regulations, ensuring no significant discrepancies exist between its governance practices and regulatory requirements[100][101]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business, demonstrating a complete and independent operational capability[101][102]. - The company has established an independent financial department with a strict financial supervision and internal control system, ensuring independent financial decision-making[107]. - The company has a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, all operating independently[106]. - The company has established independent labor, personnel, and distribution management systems in accordance with national laws[105]. Environmental Responsibility - The company has established and operates an environmental management system since 2010, continuously improving it each year to promote green manufacturing and energy conservation[160]. - The company has obtained environmental impact assessments and relevant pollution discharge permits, with valid periods extending to 2028[161]. - In 2023, the company paid an environmental protection tax of CNY 94,900, excluding dust tax, reflecting its commitment to environmental responsibility[166]. - The company has implemented pollution control facilities and upgraded them using activated carbon adsorption/catalytic combustion methods, achieving significant emission reduction effects[166]. - The company actively engages in green and intelligent technology upgrades to meet carbon reduction goals, supporting national carbon neutrality strategies[166]. Employee Management and Development - The total number of employees at the end of the reporting period is 12,529, with 10,165 from the parent company and 2,364 from major subsidiaries[139]. - The company emphasizes fair and competitive salary policies, adjusting based on economic conditions and performance evaluations[141]. - The company has established a comprehensive training system to enhance employee skills and improve overall productivity[142]. - The company emphasizes employee training and career development, implementing a tiered training system to improve employee skills and provide more development opportunities[170]. - The company will enhance its talent development and management mechanisms to ensure sustainable growth and improve employee skills and competencies[87].