FSPG(SZ:000973)2024-03-22 16:00Financial Performance - The company's operating revenue for 2023 was ¥2,214,602,731.39, a decrease of 15.96% compared to ¥2,635,116,887.63 in 2022[22]. - Net profit attributable to shareholders increased by 56.86% to ¥213,966,456.35 from ¥136,405,883.52 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥38,098,937.22, down 65.61% from ¥107,446,735.14 in 2022[22]. - The net cash flow from operating activities rose by 86.40% to ¥326,113,770.96 compared to ¥174,953,416.52 in 2022[22]. - Basic and diluted earnings per share increased by 56.86% to ¥0.2212 from ¥0.1410 in 2022[22]. - Total assets at the end of 2023 were ¥4,589,243,095.58, reflecting a 1.12% increase from ¥4,538,207,017.14 in 2022[22]. - The net assets attributable to shareholders increased by 6.40% to ¥2,816,577,650.83 from ¥2,647,129,670.40 in 2022[22]. - The company reported a net profit of CNY 120,733,456.86 for the fiscal year 2023, with a total distributable profit of CNY 762,262,371.04 at year-end[139]. Dividend Distribution - The company plans to distribute a cash dividend of 0.67 RMB per 10 shares to all shareholders, based on a total of 967,423,171 shares[6]. - A cash dividend of CNY 0.67 per 10 shares (including tax) was proposed, totaling CNY 64,817,352.46 to be distributed to shareholders[139]. Business Operations - The company has not changed its main business since its listing, maintaining a stable operational focus[20]. - The company operates in the advanced polymer new materials industry, which is a strategic emerging industry supported by national policies, focusing on high-performance functional films and composite materials[33]. - The company’s main products include optical films, electrical films, packaging films, and protective materials, with applications in LCD displays, high-voltage power transmission, food packaging, and medical protective gear[35]. - The company employs an order-based production model, ensuring production aligns with customer demand and market trends, enhancing efficiency and reducing costs[37]. - The company has established multiple technology innovation platforms, including a national recognized enterprise technology center and various provincial engineering technology research centers, enhancing its competitive edge in the industry[39]. Research and Development - Research and development expenses for 2023 were 124,356,663.35 CNY, down 8.79% from 136,334,581.11 CNY in 2022, while the R&D expenditure as a percentage of operating income increased by 0.45 percentage points to 5.62%[62]. - The company received 39 authorized patents during the reporting period, including 12 invention patents, bringing the total to 330 patents[40]. - The company is currently developing multiple new products, including a new type of waterproof material and a new packaging film, aimed at enhancing market competitiveness[58][61]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[150]. - The company has implemented environmental protection responsibilities and strictly adheres to national and local environmental laws and regulations[151]. - The company reported a total emission of 3.096 tons of nitrogen oxides, which is below the regulatory limit of 5.1 tons[153]. - The company has a designed treatment capacity of 33,000 cubic meters per hour for organic waste gas, with an actual treatment volume of 22,180 cubic meters per hour[155]. - The company invested CNY 14.04 million in environmental protection in 2023 and paid CNY 31,200 in environmental protection tax[159]. Corporate Governance - The company has established a clear governance structure with effective internal controls, ensuring compliance with relevant laws and regulations[99]. - The company has a robust corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, all functioning independently[104]. - The company has not engaged in any related party transactions that would compromise its operational independence[104]. - The company has a comprehensive employee management system that is independent of its shareholders, ensuring separate management of social security and compensation[104]. Challenges and Future Outlook - The company faces significant challenges in 2024 due to weak global economic recovery and volatility in financial and commodity markets, impacting operational performance[93]. - The company aims to enhance its technological innovation and market expansion efforts to mitigate external risks and focus on high-quality development[93]. - In 2024, the company plans to focus on strategic execution, market expansion, and cost reduction to achieve its annual targets[91]. Related Party Transactions - The company reported a procurement transaction with DuPont Hongji for materials priced at 3.01 million yuan, representing 0.00% of similar transactions[187]. - A service transaction with Guangdong Province Guangxin Holdings was valued at 25.10 million yuan, accounting for 0.02% of similar transactions[187]. - The total amount of related transactions for the period was estimated at 4,900.20 million yuan, with an approved amount of 10,850 million yuan[188].