HOLSIN(SH:603909)2024-03-19 16:00Financial Performance - The net profit attributable to the parent company's ordinary shareholders for 2023 is CNY 65,923,971.69, with distributable profits amounting to CNY 185,583,658.79 as of December 31, 2023[5]. - The proposed cash dividend is CNY 0.80 per 10 shares (including tax), totaling CNY 20,853,851.20, representing a cash dividend payout ratio of 31.63%[5]. - The company's operating revenue for 2023 reached approximately CNY 3.946 billion, representing a year-over-year increase of 212.92% compared to CNY 1.261 billion in 2022[22]. - Net profit attributable to shareholders of the listed company was approximately CNY 65.924 million, up 16.35% from CNY 56.661 million in the previous year[22]. - The net cash flow from operating activities increased by approximately CNY 445.326 million, a growth of 111.79% compared to CNY 210.264 million in 2022[22]. - Total assets at the end of 2023 were approximately CNY 2.998 billion, reflecting a 64.81% increase from CNY 1.819 billion at the end of 2022[22]. - Basic earnings per share for 2023 were CNY 0.2529, an increase of 16.33% from CNY 0.2174 in 2022[23]. - The company reported a significant increase in cash flow due to the recovery of project payments and design fees, contributing to improved financial health[25]. Corporate Governance - The company has received a standard unqualified audit report from Beijing Xinghua Accounting Firm[4]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company does not have any violations regarding decision-making procedures for external guarantees[7]. - The company has not reported any significant legal or regulatory issues during the reporting period[147]. - The company has not engaged in any related party transactions that would affect its independence[144]. - The company has made commitments regarding share transfer agreements, including a restriction on transferring shares for 18 months post-acquisition[4][5]. - The company has committed to maintaining an independent governance structure and will not make decisions that disadvantage the listed company in favor of its subsidiaries[1]. Business Operations - The overall business performance showed steady growth, with new contracts, revenue scale, and cash flow reaching historical highs during the reporting period[34]. - The company signed new contracts worth 12.622 billion yuan in 2023, a year-on-year increase of 332.7%[35]. - The company expanded its operations into provincial markets, securing contracts exceeding 10 million yuan in the Shanghai area[37]. - The company established strategic partnerships with major state-owned enterprises, enhancing its market presence in transportation and municipal sectors[38]. - The company achieved a total revenue of CNY 394,594,800, representing a growth of 212.92% compared to 2022[73]. - The construction business accounted for over 50% of the company's revenue in 2023[112]. Research and Development - The company launched 11 key R&D projects and obtained over 30 intellectual property rights during the reporting period[42]. - The R&D expenses increased by 6.54% to CNY 36,211,324, reflecting the company's commitment to innovation and technology development[75]. - The company is developing a three-level monitoring technology control model to enhance its project management capabilities[100]. - The company is working on a new technology for bridge inspection using drones, aimed at improving detection efficiency and accuracy[101]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[7]. - The company recognizes potential risks including policy changes, human resource challenges, and safety production issues that could impact operations[134][135][136]. Future Outlook - The company aims for a revenue growth of 30-50% year-on-year for 2024, with a net profit increase of 10-30% compared to the previous year[129]. - Future guidance suggests a projected revenue growth of approximately 10% for the upcoming fiscal year, driven by new project acquisitions[152]. - The company plans to expand its market presence in key regions such as the Greater Bay Area, Yangtze River Delta, and Beijing-Tianjin-Hebei[132]. Shareholder Relations - The company has established a shareholder return plan for the next three years (2022-2024) to ensure stable profit distribution and shareholder returns[173]. - The company has actively maintained the rights of minority shareholders, ensuring they have opportunities to express their opinions[174]. Financial Management - The company has implemented a comprehensive internal control management system to enhance operational efficiency and ensure compliance with legal regulations[180]. - The company has not incurred any administrative penalties related to environmental issues during the reporting period[186].