天润工业(002283) - 2023 Q4 - 年度财报

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.30 RMB per 10 shares (including tax) based on a total share capital of 1,139,457,178 shares as of December 31, 2023[4]. - The company has not proposed any bonus shares or capital increase from reserves for the current fiscal year[4]. - The company approved a cash dividend distribution plan for 2022, distributing CNY 0.50 per 10 shares, with a total of 1,118,052,790 shares eligible for distribution[142]. - The total cash dividend amount for 2022 was CNY 278,616,250.94, which accounted for 100% of the distributable profit[144]. - The cash dividend distribution for 2022 was completed on July 12, 2023[142]. - The company has not made any adjustments to its cash dividend policy during the reporting period[143]. Financial Performance - The company's operating revenue for 2023 reached ¥4,006,398,588.06, representing a 27.74% increase compared to ¥3,136,328,263.31 in 2022[22]. - Net profit attributable to shareholders was ¥390,809,177.66, a significant increase of 91.96% from ¥203,586,593.41 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥380,081,830.46, up 79.87% from ¥211,305,818.85 in 2022[22]. - The total profit reached CNY 419.29 million, representing a growth of 99.21% year-on-year[56]. - The company reported a significant recovery in operational performance during the reporting period[101]. Market and Sales Performance - The commercial vehicle market saw a recovery with production and sales reaching 403.7 million and 403.1 million units, respectively, marking a year-on-year growth of 26.8% and 22.1%[31]. - Heavy-duty truck sales increased by 36% to 91.11 million units in 2023 compared to the previous year[32]. - The passenger car market showed signs of improvement with increasing demand, contributing to a gradual recovery in sales[34]. - The sales volume of new energy vehicles reached 9.59 million units, with a year-on-year growth of 35.8%, capturing a market share of 31.6%[35]. - The company’s crankshaft business generated revenue of 2,451 million yuan, accounting for 61.19% of total revenue, with a growth of 27.02% year-on-year[36]. Production and Capacity - The company has a production capacity of 2.6 million high-quality forged steel and ductile iron crankshafts, 7.76 million expansion/cutting rods, 80,000 tons of castings, and 110,000 tons of forgings annually[44]. - The company achieved a 14.50% increase in crankshaft production compared to the previous year, totaling 1,718,136 units[45]. - The company reported a 34.49% increase in connecting rod production, reaching 5,224,497 units during the reporting period[45]. Research and Development - The company has multiple advanced research and development platforms, including a national recognized enterprise technology center and a provincial engineering research center[48]. - The company developed 27 new customers in 2023, laying a solid foundation for market expansion in 2024[56]. - Research and development expenses increased by 44.04% to ¥272,101,888.32, primarily due to increased investment in new technologies and materials[71]. - The company completed several key R&D projects, including the development of non-annealed steel crankshafts and high-temperature wear-resistant materials, which are expected to enhance sales revenue and competitiveness[72]. Governance and Compliance - The company emphasizes transparency in information disclosure, ensuring compliance with regulatory requirements and maintaining investor trust[109]. - The company maintains complete operational independence from its controlling shareholders, with no reliance on them for business, personnel, assets, or finances[111]. - The company has established a fully independent financial management system, with separate bank accounts and no shared financial resources with controlling shareholders[112]. - The board of directors and management team are elected through legal procedures, ensuring no external interference[112]. Environmental and Social Responsibility - The company has achieved ISO14001 certification for its environmental management system, demonstrating its commitment to legal compliance and systematic environmental protection[160]. - The company has implemented a comprehensive air pollution control system, including upgrades to dust removal facilities, to reduce emissions of particulate matter and sulfur dioxide[162]. - The company donated 1 million yuan to the Weihai City Wengdong District Charity Association during the reporting period[170]. - The company provides 24/7 customer service and has established standards to measure customer satisfaction and loyalty[167]. Future Outlook and Strategic Initiatives - Future outlook remains positive, with projected revenue growth of 20% for the next fiscal year[102]. - The company is focusing on the development of new air suspension technology, which is expected to enhance product offerings[102]. - Market expansion plans include entering two new international markets by Q4 2023[102]. - The company aims to enhance production efficiency by 20% and achieve a 90% automation rate in its manufacturing processes by 2024[97]. Employee and Talent Management - The company is focusing on talent development through systematic assessment and differentiated training programs[139]. - The company has implemented a transparent salary system for frontline production staff, aiming to enhance production management and reduce labor costs[138]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 7.036 million[126]. - The company has a total of 3,400 employees, indicating a stable workforce size[116].