OPTOWIDE(SH:688195)2024-03-20 16:00Financial Performance - The profit distribution plan for 2023 proposes a cash dividend of 1.00 RMB per 10 shares, totaling approximately 12,935,000.00 RMB, which accounts for 31.05% of the net profit attributable to shareholders [6]. - The company has not yet achieved profitability since its listing [4]. - In 2023, the company's revenue was CNY 339,911,407.2, a decrease of 1.2% compared to CNY 344,336,707.3 in 2022 [23]. - The net profit attributable to shareholders for 2023 was CNY 36,418,941.94, down 24% from CNY 48,008,265.65 in 2022 [23]. - The company reported a significant decline in operating income, which was CNY 41,655,937.64, representing a decrease of 28% compared to CNY 58,437,116.56 in the previous year [23]. - The company achieved operating revenue of CNY 339.91 million in 2023, remaining stable compared to the previous year [25]. - The net profit attributable to shareholders was CNY 41.66 million, a decrease of 28.72% year-on-year [25]. - Basic earnings per share decreased by 28.89% to CNY 0.32 from CNY 0.45 in the previous year [25]. - The weighted average return on net assets decreased to 4.69% from 6.82% in the previous year [25]. - The company reported a net loss from non-current asset disposal of CNY 82,854.00 in 2023 [29]. Operational Risks and Governance - The company has detailed various operational risks in the report, which investors should be aware of [4]. - There are no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has received a standard unqualified audit report from its accounting firm [5]. - The board of directors has fully attended the board meeting, ensuring governance compliance [5]. - The company does not have any special arrangements for corporate governance [9]. - There are no violations of decision-making procedures regarding external guarantees [9]. - The company continues to prioritize transparency and effective communication with investors through regular disclosures and updates [19]. Research and Development - Research and development efforts are being directed towards new optical components and laser technologies to enhance product offerings and market competitiveness [21]. - The R&D investment accounted for 10.05% of operating revenue, an increase of 1.30 percentage points compared to the previous year [25]. - The company submitted 14 new patent applications during the reporting period, including 10 invention patents [40]. - The company achieved a research and development investment of ¥34,150,129, an increase of 13.37% compared to the previous year, with R&D expenses accounting for 10.05% of total revenue, up from 8.75% [119]. - The company has established five core technology platforms in optical and optoelectronic fields, enhancing its vertical integration capabilities from optical components to fiber devices [109]. Market Focus and Expansion - The company is focusing on expanding its market presence in the optical and photonic sectors, particularly in advanced driving assistance systems (ADAS) and augmented reality (AR) technologies [21]. - The company plans to explore strategic partnerships and potential acquisitions to bolster its technological capabilities and market reach [21]. - The company is actively developing new markets in biomedical, AR, automotive, and semiconductor sectors [37]. - The company is in the process of acquiring North American company GouMax to expand its business in optical testing modules and equipment [37]. - The company is focused on increasing the number and quality of patent applications to protect its intellectual property [187]. Production and Supply Chain - The production model is primarily based on a "make-to-order" approach, allowing for flexible manufacturing tailored to client specifications [60]. - The company has a procurement strategy that ensures quality control and safety stock management for raw materials and components, optimizing its supply chain [59]. - The company has implemented a comprehensive quality management system, achieving multiple certifications including ISO9001:2015 and ISO14001:2015 [134]. - The company is committed to improving production management and quality control, with a focus on enhancing production efficiency and reducing human errors [188]. Future Outlook - The management provided a cautious outlook for 2024, anticipating a gradual recovery in demand and potential revenue growth [21]. - The company aims to enhance its capabilities in producing high-end optical components to reduce reliance on foreign suppliers [108]. - The company does not provide earnings forecasts for 2024, highlighting the potential for adjustments based on market conditions [190]. Shareholding and Leadership - The total number of shares held by Chairman Yu Hongrui remained unchanged at 23,660,000 shares, with a pre-tax remuneration of 765,200 CNY [197]. - Vice Chairman Wang Qiping also maintained his holding of 11,900,000 shares, receiving a pre-tax remuneration of 711,300 CNY [197]. - The total remuneration for independent directors, including Liu Ning and others, was consistently reported at 72,000 CNY each [199]. - The company continues to maintain a stable leadership structure with no significant changes in the board of directors or senior management [197].