HIRON COLD CHAIN(SH:603187)2024-03-21 16:00Financial Performance - The company's operating revenue for 2023 reached ¥3,204,908,934.09, representing a year-on-year increase of 10.34% compared to ¥2,904,636,400.18 in 2022[24]. - The net profit attributable to shareholders for 2023 was ¥413,086,266.20, which is a 41.37% increase from ¥292,212,181.56 in 2022[24]. - The basic earnings per share for 2023 was ¥1.08, reflecting a growth of 31.71% from ¥0.82 in 2022[25]. - The net cash flow from operating activities increased significantly to ¥637,281,997.60, up 379.94% from ¥132,784,388.87 in 2022[24][26]. - The total assets of the company at the end of 2023 were ¥5,638,134,584.78, a 10.14% increase from ¥5,119,286,513.83 at the end of 2022[25]. - The company's net assets attributable to shareholders increased to ¥3,991,772,407.33, marking a 9.51% rise from ¥3,645,071,217.20 in 2022[25]. - The weighted average return on equity for 2023 was 10.86%, an increase of 0.84 percentage points from 10.02% in 2022[25]. - The company reported a significant increase in cash received from sales of goods and services, which positively impacted the net cash flow from operating activities[26]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.50 per 10 shares to all shareholders, subject to approval at the shareholders' meeting[6]. - The total dividend amount (including tax) represents 55.75% of the net profit attributable to ordinary shareholders, which is RMB 413,086,266.20[123]. - The cash dividend distribution is subject to adjustments if the total share capital changes before the record date[124]. - The company has repurchased shares amounting to RMB 19,633,520.39, which is included in the total cash dividend[123]. Audit and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible persons[5]. - The company has not faced any penalties from securities regulatory authorities in the past three years[106]. - The company has adhered to new accounting standards effective from January 1, 2023, without significant impact on its financial results[149]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[8]. - The company emphasizes the importance of risk awareness in its forward-looking statements[7]. - The company is committed to addressing various risks in its operations as detailed in the management discussion section[8]. - The company faces risks from market competition and the inability to timely develop new products, which could impact business growth if market demands are not met[80]. - The company’s main raw materials are subject to price fluctuations, particularly steel and isocyanates, which could affect operational stability[81]. Market Position and Strategy - The company plans to continue expanding its business scale and improving customer and product structure, which contributed to the profit growth[24]. - The company launched several new energy-efficient products, including smart vending cabinets and frozen product combination cabinets, enhancing its product lineup to meet diverse customer needs[35]. - The company aims to leverage its software technology and industry knowledge to maintain a competitive edge in the smart vending cabinet market[75]. - The company aims to become a world-class comprehensive service provider in the commercial cold chain equipment industry, focusing on "professionalization, differentiation, and customization" as its core business model[76]. Corporate Governance - All board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors, supervisors, and senior management[91]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations[93]. - The company has established a complete business process and operates independently without reliance on controlling shareholders or related enterprises[94]. Research and Development - Research and development expenses amounted to 109 million RMB, a slight increase of 1.93% year-on-year[48]. - The company employed 194 R&D personnel, making up 9.90% of the total workforce[61]. - The company plans to strengthen R&D in energy-saving, environmental protection, deep cooling, and variable frequency technologies, particularly focusing on smart vending cabinets[78]. Social Responsibility - Total investment in social welfare projects amounted to CNY 2.3 million, with CNY 2.06 million allocated to financial aid and scholarships[138]. - The company provided assistance to 13,900 individuals through poverty alleviation and rural revitalization projects, with a total investment of CNY 2.68 million[139]. - The company actively participated in community service, donating educational materials and supplies to underprivileged students[138]. Shareholder Information - The total number of ordinary shareholders increased from 18,631 to 19,100 during the reporting period[190]. - The top shareholder, Shao Wei, holds 76,810,871 shares, representing 19.88% of the total shares[192]. - The report indicates that there were changes in the top ten shareholders, with Wang Yanrong and Lin Bochun being newly added[194]. - The company does not have any strategic investors or general legal entities becoming top ten shareholders through new share placements[197].