NBOSCO(SH:601022)2024-03-26 16:00Financial Performance - The company reported a total distributable profit of RMB 780,295,387.29 as of December 31, 2023[7]. - The company's operating revenue for 2023 was CNY 4,469,132,016.58, a decrease of 6.28% compared to CNY 4,768,748,273.26 in 2022[47]. - Net profit attributable to shareholders for 2023 was CNY 504,034,465.02, down 24.76% from CNY 669,891,662.71 in 2022[47]. - The net profit after deducting non-recurring gains and losses was CNY 458,220,961.33, a decrease of 26.88% compared to CNY 626,674,268.12 in the previous year[47]. - The net cash flow from operating activities for 2023 was CNY 828,489,579.52, down 18.09% from CNY 1,011,448,676.59 in 2022[47]. - Basic earnings per share for 2023 decreased by 31.58% to 0.39 CNY, primarily due to a decline in net profit[65]. - Diluted earnings per share for 2023 also decreased by 31.58% to 0.39 CNY, attributed to the same reason as above[66]. - The weighted average return on net assets for 2023 was 9.58%, down 8.08 percentage points from 2022[65]. - The company achieved operating revenue of 446,913.20 million RMB in 2023, a decrease of 6.28% compared to the previous year[139]. - The net profit attributable to shareholders was 50,403.45 million RMB, down 24.76% year-on-year[139]. Dividend Distribution - A cash dividend of RMB 1.16 per 10 shares (including tax) is proposed, amounting to a total of RMB 151,801,466.74[7]. - The cash dividend represents 30.12% of the net profit attributable to shareholders for the year 2023[7]. - The company implemented a cash dividend policy, distributing a total cash dividend of 201,529,533.44 yuan, which accounts for 30.08% of the net profit attributable to shareholders for 2022[96]. - During the reporting period, the company distributed cash dividends totaling approximately 202 million yuan (including tax) to shareholders[193]. Governance and Management - The company’s board of directors has been restructured, with several new appointments and resignations due to work-related reasons[19]. - The board has established a strategic and ESG committee to align with current market trends and corporate governance standards[52]. - The company has a dedicated board secretary and securities representative to ensure effective communication and governance[37]. - The company has established specialized committees within the board, including an audit committee and a strategic and ESG committee, to enhance decision-making efficiency[185]. - The company strictly adheres to legal regulations and governance standards, holding 7 board meetings and 4 supervisory meetings during the reporting period[185][189]. - The company has maintained compliance with industry regulations, ensuring all necessary licenses and permits are obtained and renewed in a timely manner[182]. - The company has a dedicated financial department with independent financial decision-making capabilities, ensuring no shared banking accounts with the controlling shareholder[198]. - The company has actively engaged in investor relations management, utilizing various channels for effective communication and feedback from investors[193]. Risk Management - The company reported no significant risks such as stock delisting or bankruptcy during the reporting period[30]. - The company recognizes the risks associated with macroeconomic fluctuations that may impact shipping demand and operational performance[179]. - The company faces intensified competition in the shipping industry, leading to challenges in service differentiation and pricing strategies[180]. - The company is committed to risk management by strengthening safety production responsibilities and implementing a dual prevention mechanism for safety risks[177]. - The company emphasizes the importance of legal compliance and risk prevention through the establishment of a long-term mechanism for managing legal disputes[178]. Operational Highlights - The company completed a container transportation volume of 4.481 million TEU, representing a year-on-year growth of 11.38%[91]. - The bulk cargo business volume reached 24.39 million tons, with a year-on-year increase of 17.42%[91]. - The company successfully launched new shipping routes, including direct services from Taicang to Humen and new paths for domestic trade, enhancing operational efficiency[92]. - The company’s internal trade business completed 857,100 TEU, contributing to the overall growth despite market challenges[92]. - The company operates 33 shipping routes with an average of 132 weekly sailings, covering 39 major ports domestically and internationally[127]. - The company delivered 5 new green and smart vessels during the reporting period, promoting energy-saving and environmentally friendly operations[135]. Employee and Training Initiatives - The company has a total of 838 employees, with 95 in management, 124 in administration, 25 in technical roles, and 594 in business positions[80]. - The company organized a total of 2,416 employee training sessions in 2023, enhancing the overall skill set of its workforce[84]. Strategic Initiatives - The company is undergoing a strategic committee adjustment to include ESG considerations, reflecting a commitment to sustainable practices[24]. - The company is focusing on enhancing service quality and expanding its auxiliary shipping business, including ship agency and dry bulk freight forwarding[108]. - The company is advancing its digital transformation with projects like the ship safety situation awareness platform and legal system integration, aiming for comprehensive integration of management and digitalization[109]. - The company is committed to green development, responding to international maritime organization emission reduction strategies, and exploring the pilot and large-scale application of green technologies[113]. - The company plans to enhance logistics service capabilities by innovating business models and strengthening collaboration, focusing on routes like "New Mingzhou Express" and "Taiwan Super Premium E-commerce Express"[175]. Financial Management - The company has enhanced financial management measures, including optimizing accounts receivable management and reducing borrowing costs[115]. - The company’s research and development expenses amounted to 6,659,472.55 RMB, reflecting an increase in R&D investment[141]. - The company’s fixed assets increased by 32.55% to ¥4,242,669,737.95, mainly due to the transfer of in-progress ships and containers to fixed assets[159]. - The company reported a significant increase of 155.64% in other receivables, primarily due to an increase in export tax refunds[159]. Market Conditions - The average China Containerized Freight Index (CCFI) decreased by approximately 66.44% year-on-year during the reporting period, reflecting a challenging international container shipping market[120]. - The domestic container shipping market saw a decline in the average price index by about 18.27% year-on-year, influenced by increased supply and low demand[124].