豪美新材(002988) - 2023 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2023 [20]. - The company's operating revenue for 2023 was CNY 5,986,060,490.03, representing a 10.60% increase compared to CNY 5,412,576,837.38 in 2022 [25]. - The net profit attributable to shareholders for 2023 was CNY 181,301,910.26, a significant turnaround from a loss of CNY 111,419,306.56 in 2022, marking a 262.72% increase [25]. - The net profit after deducting non-recurring gains and losses was CNY 179,827,104.77, up 291.39% from a loss of CNY 93,958,030.57 in the previous year [25]. - The cash flow from operating activities for 2023 was CNY 270,325,827.08, a 329.35% increase from a negative cash flow of CNY 117,863,574.27 in 2022 [25]. - The total assets at the end of 2023 were CNY 5,909,574,489.02, reflecting a 12.02% increase from CNY 5,275,273,422.04 at the end of 2022 [25]. - The net assets attributable to shareholders increased by 15.74% to CNY 2,535,169,413.19 at the end of 2023, compared to CNY 2,190,409,058.30 at the end of 2022 [25]. - The company reported a basic earnings per share of CNY 0.80 for 2023, compared to a loss of CNY 0.48 in 2022, representing a 266.67% increase [25]. - The company received government subsidies amounting to CNY 2,604,112.55 in 2023, which positively impacted its financial performance [31]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the automotive materials sector, which has seen a 20% increase in demand [20]. - The company is actively pursuing strategic acquisitions to bolster its market position and product offerings [20]. - The company has established a new subsidiary aimed at enhancing its technological innovation capabilities [20]. - The company anticipates a gradual recovery in the domestic real estate industry in 2024, reducing the negative impact on the demand for building aluminum profiles [38]. - The company plans to expand its market presence in both domestic and international markets, particularly in Australia, to create new growth opportunities [132]. - The company aims to enhance production capacity for automotive lightweight materials with a new project set to produce 20,000 tons of aluminum alloy profiles and 200,000 sets of components in 2024 [132]. Research and Development - The company is investing in new product development, with a budget allocation of 10 million RMB for R&D in advanced materials [20]. - The company invested 183 million yuan in R&D, accounting for 3.06% of its operating revenue, and holds nearly 800 patents [68]. - The company has been involved in formulating 44 national standards and has obtained 39 invention patents and 306 utility model patents, showcasing its commitment to innovation [59]. - The company is focusing on the development of high-strength 7003 profiles for automotive applications, meeting stable supply demands [84]. - The company is in the process of developing a near-zero energy consumption passive window, which is expected to become a key product in line with carbon neutrality policies [90]. Production and Sales - The company’s industrial aluminum profile production increased by 25% in 2023, while the production of building aluminum profiles decreased by 0.8% [36]. - In 2023, the company achieved aluminum profile sales of 252,400 tons, a year-on-year increase of 8.99% [66]. - The automotive lightweight business achieved sales revenue of approximately 1.272 billion yuan, a year-on-year growth of 36.31% [68]. - The company’s system window business generated sales revenue of 503 million yuan, a year-on-year increase of 54.8% [67]. - Revenue from aluminum profile sales was CNY 5,445,414,035.9, accounting for 90.97% of total revenue, with a year-on-year growth of 10.01% [70]. Risk Management and Compliance - The company maintains a strong commitment to risk management, detailing potential risks in its annual report [5]. - The company emphasizes the importance of maintaining accurate financial reporting and compliance with regulatory standards [5]. - The company has established a comprehensive internal control system for its hedging activities, ensuring compliance with relevant laws and regulations [109]. - The company acknowledges potential risks from market fluctuations, particularly in the real estate sector, which could impact sales of construction aluminum profiles [135]. Corporate Governance - The company has established four specialized committees: Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee, which play a significant role in promoting standardized operations and sustainable development [147]. - The company has implemented a "Quality and Return Double Improvement" action plan, although it has not disclosed specific details [144]. - The company emphasizes the importance of investor relations management and information disclosure to enhance governance levels [146]. - The company has a robust mechanism for information disclosure and investor relations, enhancing transparency and accountability in financial reporting [154]. Shareholder Engagement - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders [146]. - The board of directors must communicate with minority shareholders before the shareholders' meeting to gather their opinions on the profit distribution plan [191]. - The company reported a positive profit available for distribution to shareholders but did not propose a cash dividend distribution plan for the year [193]. Employee Management - The total number of employees at the end of the reporting period was 3,583, with 1,604 in the parent company and 1,979 in major subsidiaries [181]. - The company conducted 274 training sessions in 2023, with a total of 7,259.85 hours of offline training and 4,923.78 hours of online training, resulting in an average learning time of 7.16 hours per employee, a 59% increase year-on-year [184]. - The company emphasizes a performance-based compensation policy, linking salaries to individual performance and business targets, with a mix of fixed and variable pay [183].