Financial Performance - Revenue increased by approximately 7.6% to approximately RMB 3,102.9 million (FY 2022: RMB 2,882.9 million) [2] - Gross profit increased by approximately 25.0% to approximately RMB 1,103.0 million (FY 2022: RMB 882.1 million) [2] - Profit attributable to owners of the company increased by approximately 40.8% to approximately RMB 607.4 million (FY 2022: RMB 431.3 million) [2] - Basic earnings per share increased by 41.9% to approximately RMB 0.61 (FY 2022: RMB 0.43) [2] - Total comprehensive income for the year amounted to RMB 767.97 million, compared to RMB 507.06 million in FY 2022 [6] - The net profit attributable to the company's owners rose by approximately 40.8% from RMB 431.3 million in the 2022 fiscal year to RMB 607.4 million in the 2023 fiscal year [47] - Revenue reached a historical high, growing by 7.6% or approximately RMB 220.0 million, with gross profit increasing from RMB 882.1 million to RMB 1,103.0 million [47] Assets and Liabilities - Net asset value increased by approximately 19.1% to approximately RMB 3,475.3 million (FY 2022: RMB 2,918.8 million) [2] - Current liabilities decreased to RMB 819.42 million from RMB 876.62 million in FY 2022 [8] - Total equity increased to RMB 3,475.26 million from RMB 2,918.80 million in FY 2022 [8] - Trade receivables at the end of 2023 totaled RMB 761,835,000, a decrease from RMB 793,662,000 in 2022, representing a decline of 4.0% [27] - Trade payables at the end of 2023 amounted to RMB 397,653,000, slightly up from RMB 389,526,000 in 2022, showing an increase of 2.9% [28] Cash Flow and Expenditures - Cash and cash equivalents increased to RMB 667.16 million from RMB 341.54 million in FY 2022 [7] - Capital expenditure increased by approximately 56.8% to approximately RMB 262.1 million (FY 2022: RMB 167.2 million) [2] - The net cash inflow from operating activities was approximately RMB 897.6 million in the 2023 fiscal year, compared to RMB 449.3 million in the 2022 fiscal year [50] Dividends - The interim dividend per ordinary share for 2023 is set at HKD 0.10, totaling RMB 93,611,000, compared to RMB 51,449,000 in 2022, reflecting an increase of 81.9% [23] - The proposed final dividend per ordinary share for 2023 is HKD 0.25, amounting to RMB 230,668,000, up from RMB 123,157,000 in 2022, indicating an increase of 87.5% [23] - The company proposed a final dividend of HKD 0.25 per share, with a payout ratio of 53.6% based on the net profit of RMB 604.7 million [54] Operational Efficiency - The gross profit margin for the fiscal year 2023 improved to 35.5%, up from 30.6% in 2022, driven by enhanced operational efficiency and stable raw material prices [32] - The overall yield rate for the fiscal year 2023 increased to 93.5%, up 5.0 percentage points from approximately 88.5% in 2022, attributed to investments in more efficient equipment and automation [33] - The company's annualized electroplating capacity slightly increased to approximately 3.6 million square meters as of December 31, 2023, compared to 3.5 million square meters in 2022 [33] Market Trends - Global light vehicle sales are projected to reach approximately 75.3 million units in 2023, an increase of 11.9% compared to 2022 [29] - In China, the automotive production and sales volume exceeded 30 million units in 2023, with new energy vehicle sales reaching 8.8 million units [29] - The market share of sustainable energy vehicles has surpassed 35% of global automotive sales, reflecting a significant shift in consumer preference [30] - The forecast for global new car sales in 2024 is expected to reach 88.3 million units, with a year-on-year growth of 2.8% [34] - In China, the automotive sales for 2024 are projected to reach approximately 31 million units, reflecting a growth of 3% compared to the previous year [35] Research and Development - Research and development expenses increased to RMB 76,234 thousand in 2023 from RMB 73,159 thousand in 2022, reflecting a growth of 4.3% [19] Compliance and Governance - The audit committee reviewed the consolidated financial statements for the fiscal year 2023, including accounting principles and internal controls [64] - The company confirmed compliance with the standard code of conduct for securities trading by all directors during the fiscal year 2023 [63] - The company maintained the required public float as per the listing rules as of the announcement date [62]
信邦控股(01571) - 2023 - 年度业绩