ConST(SZ:300445)2024-03-26 16:00Financial Performance - The company's operating revenue for 2023 was CNY 498,285,103.73, representing a 20.36% increase compared to CNY 413,990,997.22 in 2022 [23]. - The net profit attributable to shareholders for 2023 was CNY 101,911,515.34, a 35.05% increase from CNY 75,459,339.34 in 2022 [23]. - The net profit after deducting non-recurring gains and losses was CNY 97,214,685.05, which is a 6.99% increase from CNY 90,859,921.52 in 2022 [23]. - The net cash flow from operating activities for 2023 was CNY 108,905,966.74, up 9.35% from CNY 99,592,450.98 in 2022 [23]. - The total assets at the end of 2023 were CNY 1,222,966,978.25, reflecting a 4.45% increase from CNY 1,170,892,957.55 at the end of 2022 [23]. - The net assets attributable to shareholders at the end of 2023 were CNY 1,085,299,562.04, a 9.21% increase from CNY 993,771,106.24 at the end of 2022 [23]. - The basic earnings per share for 2023 was CNY 0.48, which is a 37.14% increase compared to CNY 0.35 in 2022 [23]. - The weighted average return on equity for 2023 was 9.75%, up from 7.84% in 2022, indicating improved profitability [23]. - The company achieved total operating revenue of 498.29 million yuan, representing a year-on-year growth of 20.4% [59]. - The net profit attributable to shareholders reached 101.91 million yuan, an increase of 35.1% compared to the same period last year [59]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 97.21 million yuan, reflecting a growth of 7.0% year-on-year [59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares to all shareholders, based on a total of 212,430,013 shares [4]. - The cash dividend distribution plan for 2023 proposes a cash dividend of RMB 0.80 per 10 shares, amounting to RMB 16,994,401.04, with no stock dividends or capital reserve transfers [179]. - The total cash dividend for the current period represents 20.67% of the distributable profit of RMB 82,228,235.25 [178]. - The independent directors confirmed that the proposed profit distribution plan aligns with the company's actual situation and benefits long-term shareholder interests [176]. Research and Development - The company has a strong emphasis on R&D, particularly in core components and foundational technologies [16]. - The company maintains a research and development investment target of no less than 15% of revenue annually to ensure product competitiveness [53]. - R&D investment totaled 113.35 million yuan, a 22.0% increase year-on-year, accounting for 22.8% of total revenue, focusing on new product development such as pressure sensors and digital pressure gauges [65]. - The company is committed to advancing the application of new technologies such as quantum chips, IoT, and AI in measurement instruments [42]. - The company is focusing on the development of MEMS sensors and has outlined its implementation roadmap for these projects [131]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through strategic partnerships [44]. - The company is actively involved in the development of core components and technologies to improve measurement accuracy and reliability [42]. - The company is preparing for mass production of MEMS high-precision pressure sensors in 2024 by adding technical and production personnel [129]. - The company is expanding its global presence by establishing testing assembly lines and product certification systems overseas, while also addressing trade protectionism to accelerate domestic import substitution [125]. - The company plans to launch new products and has outlined its procurement strategy for sensors, including both purchased and self-manufactured components [131]. Corporate Governance - The company has established a governance structure that includes a board of directors, supervisory board, and management team to ensure compliance and operational efficiency [136]. - The board of directors consists of 8 members, including 3 independent directors, complying with legal and regulatory requirements [137]. - The company has a stable board of directors with members serving until 2026, ensuring continuity in governance [145]. - The company is committed to transparency and governance, as evidenced by the regular updates on board and management changes [145]. - The company has established a complete decision-making process for profit distribution, ensuring the protection of all shareholders' rights [176]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring compliance with national regulations [186]. - The company has adopted energy-efficient and environmentally friendly construction solutions at its new factory, including a distributed photovoltaic power generation system, to reduce carbon emissions [188]. - The company has invested in high-efficiency FMS flexible production lines and e-operation systems to enhance energy efficiency and reduce pollution [188]. - The company has made donations to educational institutions and disaster-stricken areas, contributing to social development and poverty alleviation efforts [193]. - The company has achieved ISO certifications (ISO9001, ISO14001, ISO45001, ISO10012) to strengthen its internal control and governance mechanisms [190]. Risk Management - The company emphasizes the importance of accurate cash flow forecasting to avoid delivery risks associated with foreign exchange transactions [104]. - The company has established a foreign exchange hedging management system to mitigate risks associated with currency fluctuations, ensuring that all hedging activities are based on actual operational needs [104]. - The company is committed to enhancing supply chain resilience by diversifying supply channels and increasing the localization rate of components [126]. - The company faces risks from significant accounts receivable, which could impact cash flow and increase the risk of bad debts [127]. Employee Development - The total number of employees at the end of the reporting period is 540, with 283 in the parent company and 257 in major subsidiaries [172]. - The company emphasizes a competitive salary system based on market conditions and performance, ensuring fair compensation for all employees [173]. - Training programs are established annually to enhance employee skills, including new employee training and professional development, aligning with the company's strategic goals [174]. - The company has a structured remuneration decision process based on performance, capability, and market salary trends [159]. Product Development - The company focuses on high-end detection instruments, primarily developing, producing, and selling digital detection instruments and auxiliary digital detection platforms [43]. - Key products include digital pressure gauges, intelligent pressure calibration instruments, and automatic pressure calibration systems, serving various industries such as power generation, oil and gas, and pharmaceuticals [43]. - The company is focusing on enhancing product capabilities and expanding into new market segments, particularly in high-precision testing equipment [34]. - The company is currently in the small-batch trial production phase for the P25 project, aimed at developing a new generation of automatic pressure control products [79].