BOSUN(SZ:002282)2024-03-18 16:00Financial Performance - The company's operating revenue for 2023 was ¥1,606,684,215.25, representing a 10.51% increase compared to ¥1,453,894,232.01 in 2022[21]. - The net profit attributable to shareholders decreased by 8.79% to ¥128,774,943.25 from ¥141,182,619.40 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 76.65% to ¥166,663,134.49 from ¥94,348,981.76 in 2022[21]. - The cash flow from operating activities was ¥162,532,123.57, a decrease of 5.05% compared to ¥171,169,655.92 in 2022[21]. - The total assets at the end of 2023 were ¥3,917,005,376.54, reflecting a 1.20% increase from ¥3,870,553,210.75 at the end of 2022[21]. - The net assets attributable to shareholders decreased by 0.40% to ¥3,439,000,949.64 from ¥3,452,872,418.22 at the end of 2022[21]. - The basic earnings per share for 2023 were ¥0.24, down 7.69% from ¥0.26 in 2022[21]. - The diluted earnings per share also stood at ¥0.24, a decrease of 7.69% compared to ¥0.26 in the previous year[21]. - The weighted average return on equity was 3.67%, down from 4.16% in 2022[21]. - The company reported a significant increase in non-recurring gains from government subsidies, amounting to ¥7,798,881.25 in 2023 compared to ¥9,068,288.10 in 2022[27]. Business Operations - The company has expanded its business scope to include high-speed train brake discs after acquiring 100% of 汶上海纬机车配件有限公司 in August 2020[20]. - The company operates in three main sectors: diamond tools, coated abrasives, and rail transit equipment components, with a focus on diamond tools since its establishment in 1998[34]. - The diamond tools segment is a leading player in the industry, with a significant market presence and a global sales network covering North America, Europe, Southeast Asia, the Middle East, and North Africa[35]. - The coated abrasives segment, acquired through the purchase of Jinniu Grinding in November 2017, has positioned the company among the largest listed enterprises in the abrasive products industry in China[36]. - The rail transit equipment components segment has seen growth due to the acquisition of Haiwei Locomotive in August 2020, enhancing the company's capabilities in producing both brake pads and brake discs for high-speed trains[37]. - The company has invested 61.31 million yuan in establishing a "Rail Transit Brake Device Material Engineering Laboratory" to support the development of its rail transit components[36]. Market Presence and Sales - The company utilizes a distributor model for sales, ensuring a wide-reaching marketing network both domestically and internationally[37]. - The company’s brands, "Bosun" and "博深," are well-recognized in the diamond tools industry, with strong influence in Southeast Asia and high visibility in the domestic construction hardware market[37]. - The company has established a strong marketing network covering both domestic and international markets, with sales subsidiaries in the US and Canada, and a robust domestic sales system in Zhengzhou, Guangzhou, and Cangzhou[46]. - The company aims to expand its market presence in urban rail and international markets, particularly in India, to drive future growth[53]. - Domestic sales accounted for 72.06% of total revenue, increasing by 20.58% year-over-year, while international sales decreased by 9.07%[63]. Research and Development - In 2023, the company published 3 scientific papers and was granted 19 patents, including 2 invention patents, bringing the total to 227 effective patents[41]. - The company is focusing on new product development, particularly in ceramic abrasives, to improve competitiveness and reduce reliance on imports[51]. - The company has completed significant R&D projects for CRH2A and CRH380A series train brake pads, enhancing its product offerings and market competitiveness[73]. - The company achieved a 5% reduction in powder material costs for brake pads, enhancing market competitiveness[74]. - The new high-entropy alloy technology improved product performance, with cutting speed increased by 20% and lifespan extended by approximately 10% compared to market alternatives[74]. Strategic Initiatives - The company plans to submit a performance compensation and share repurchase plan for shareholder approval due to unmet performance commitments[58]. - The company maintains a "return to core" strategy, focusing on strengthening management and cost reduction to enhance operational resilience[60]. - The company is actively pursuing strategic acquisitions to bolster its product offerings and market share in the diamond tool industry[119]. - The company will actively explore mergers and acquisitions to expand its business scale and improve profitability, leveraging its financial advantages and the resources of its controlling shareholder[125]. Corporate Governance - The company has established a performance evaluation and incentive mechanism linking managerial compensation to company performance[145]. - The company has a total of 8,064,000 shares held by its directors and senior management, with no changes reported in their holdings during the period[150]. - The company has established a comprehensive internal governance structure in compliance with relevant laws and regulations, ensuring effective internal control systems[139]. - The company has maintained compliance with information disclosure regulations throughout the reporting period[169]. Environmental Responsibility - The company has a wastewater treatment facility with a daily processing capacity of 400 tons[192]. - The company has implemented a comprehensive environmental monitoring plan, with various pollutants monitored at least once a year[194]. - The total environmental protection tax paid by the company in 2023 amounted to 7,806.54 yuan, primarily for dust and nitrogen oxides[198]. - The company has invested in upgrading pollution control facilities and replacing high-pollution raw materials to reduce emissions[198]. - The company has adopted distributed photovoltaic power generation projects to reduce carbon emissions[198]. Employee Development - The company emphasizes a differentiated compensation structure to attract and retain talent, particularly in technical and management roles[173]. - The training program is designed to enhance employee skills across all levels, focusing on practical application and alignment with company strategy[174]. - The company is committed to enhancing employee quality through improved recruitment, training, and incentive systems, aiming to create a supportive environment for talent growth[134].