ThunderSoft(SZ:300496)2024-03-26 16:00Financial Performance - The company's operating revenue for 2023 was ¥5,242,234,178.40, a decrease of 3.73% compared to ¥5,445,453,628.50 in 2022[12]. - The net profit attributable to shareholders for 2023 was ¥466,186,194.83, down 39.36% from ¥768,772,011.21 in 2022[12]. - The net profit after deducting non-recurring gains and losses was ¥340,218,174.66, a decline of 49.62% from ¥675,279,796.39 in 2022[12]. - The basic earnings per share for 2023 was ¥1.0171, a decrease of 42.68% compared to ¥1.7745 in 2022[12]. - Total revenue for 2023 was ¥5,242,234,178.40, a decrease of 3.73% compared to ¥5,445,453,628.50 in 2022[38]. - The intelligent automotive business generated revenue of 2.337 billion yuan, a year-on-year increase of 30.34%, with intelligent driving software revenue reaching 182 million yuan, marking a historic breakthrough[28]. - The company's intelligent IoT business reported revenue of 1.489 billion yuan, a decrease of 15.45% year-on-year, but showed signs of recovery in the second half of 2023[30]. - The company's intelligent software business generated revenue of 1.416 billion yuan, a decline of 25.12% year-over-year[32]. - The total cash inflow from operating activities for 2023 was ¥6,209,711,236.26, representing a year-on-year increase of 7.93% compared to ¥5,753,305,323.16 in 2022[57]. - The net cash flow from operating activities increased by 51.89% to ¥754,721,852.45 in 2023, up from ¥496,899,894.05 in 2022, primarily due to increased sales receipts[57]. - The total cash outflow from investment activities in 2023 was ¥5,570,751,258.72, a 104.42% increase from ¥2,725,116,134.19 in 2022[57]. - The company reported a significant increase in financial expenses by 342.61% to -¥57,379,464.75, attributed to increased interest income[50]. - The total investment during the reporting period was CNY 5,570,751,258.72, a substantial increase of 104.42% compared to the previous year[63]. R&D and Technological Development - The company reported a significant focus on the development of new technologies, including advancements in AI and automotive software solutions[6]. - The company is actively developing its vehicle operating system and middleware for software-defined vehicles (SDV) to meet market demands[6]. - The company's R&D investment for 2023 was 1.458 billion yuan, focusing on key areas such as vehicle operating systems and industrial robots[26]. - The company is focusing on hybrid AI technologies that integrate cloud and edge computing, enhancing AI capabilities across various applications[20]. - The company is focusing on the development of software-defined robots and has made significant progress in product development for industrial robots[26]. - The company is currently developing a next-generation intelligent vehicle operating system, which aims to enhance competitiveness in the smart automotive market[51]. - The company is focusing on mixed AI solutions that combine cloud and edge computing to meet diverse demands and challenges[33]. - The company aims to leverage generative AI to enhance user experiences in XR applications, allowing non-experts to create complex 3D content easily[24]. - The company is committed to continuous innovation in operating systems and chip technologies, driving product iteration and development in the smartphone industry[32]. - The company has established a new robotics team, Xiaowu Intelligent, and launched intelligent mobile robots for warehouse logistics and manufacturing, enhancing automation capabilities[27]. Corporate Governance and Compliance - The company has reported a strong commitment to corporate governance and transparency in its financial reporting practices[2]. - The company emphasizes the importance of protecting minority shareholders' rights and preventing the abuse of power by major shareholders[84]. - The company has established a comprehensive internal control system to ensure compliance and effective governance, enhancing operational efficiency[90]. - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with regulatory requirements[88]. - The company has a supervisory board with 3 members, ensuring oversight of financial and managerial compliance[89]. - The company is committed to strict adherence to corporate governance standards and legal regulations to protect shareholder interests[85]. - The company has established a dedicated audit committee responsible for overseeing internal and external audits, ensuring compliance with financial regulations[95]. - The company has implemented measures to mitigate financial risks, including pre-collection of payments and phased procurement strategies, to manage potential bad debts from accounts receivable[82]. - The company has maintained a complete independent operational capability, including research and development, procurement, and sales systems[93]. - The company has established an independent financial department with a dedicated accounting system and management policies[95]. Market Strategy and Growth - Future growth strategies include market expansion and potential mergers and acquisitions to enhance competitive positioning[6]. - The company is actively pursuing international expansion and strategic partnerships, including collaborations with Qualcomm and establishing joint ventures with major automotive manufacturers[28]. - The company aims to deepen its involvement in the development of the Harmony operating system, achieving a business breakthrough from 0 to 1 in Harmony APPs[32]. - The company is committed to sustainable practices and has outlined its environmental and social responsibilities in the annual report[6]. - The company is focusing on expanding its user base and enhancing customer engagement through innovative product features[6]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[105]. - The company aims to enhance its core capabilities in operating systems and AI, focusing on technological innovation and global expansion[84]. - The company is positioned to capitalize on the rapid evolution of software technology in the IoT sector, addressing the growing demand for intelligent software solutions[31]. - The company is committed to becoming a global leader in edge intelligence, combining its existing operating system products with edge intelligence technologies to drive comprehensive intelligent transformation across products, technology, and organization[80]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of 2.49 RMB per 10 shares (including tax) based on a total of 459,199,894 shares[3]. - The company repurchased a total of 808,400 shares, accounting for 0.18% of the total share capital, with a total expenditure of RMB 49.9851 million[84]. - The company approved a cash dividend of RMB 3.37 per 10 shares, totaling a distribution based on 457,478,344 shares[122]. - The cash dividend policy was implemented without any changes during the reporting period, ensuring shareholder interests were protected[123]. - The company conducted multiple investor communication activities, including phone calls and online platforms, to maintain transparency and engagement[83]. - The company held its first temporary shareholders' meeting of 2023 on January 11, with a participation rate of 40.05%[96]. - The annual shareholders' meeting for 2022 took place on March 20, 2023, with a participation rate of 39.19%[96]. - The second temporary shareholders' meeting of 2023 was held on September 28, with a participation rate of 35.98%[96]. - The third temporary shareholders' meeting of 2023 occurred on November 6, with a participation rate of 38.77%[96]. Employee and Talent Management - The total number of employees at the end of the reporting period is 13,119, with 233 in the parent company and 12,886 in major subsidiaries[118]. - The total employee compensation included in operating costs is CNY 1,434.20 million, accounting for 43.39% of the total operating costs[120]. - The core technical personnel account for approximately 6% of the total workforce, with their compensation representing about 12% of total employee compensation[120]. - The employee turnover rate for core personnel in 2023 is 19.5%[120]. - The company has implemented a growth-oriented salary system and offers various supplementary benefits to employees[119]. - The company has established a comprehensive human resource management strategy to support employee growth and career development[121]. - The company has implemented a leadership training system for employee development, focusing on various training formats[121]. Environmental and Social Responsibility - The company is committed to sustainable practices and has outlined its environmental and social responsibilities in the annual report[6]. - The company has established a comprehensive environmental protection management system and promotes energy conservation and emission reduction practices[138]. - The company has been actively involved in various charitable activities, focusing on helping vulnerable groups and promoting social responsibility[144]. - The company has not encountered any major environmental issues or received administrative penalties related to environmental problems during the reporting period[135]. Risk Management - The company emphasizes the importance of risk management and has outlined various risk factors and corresponding countermeasures in its annual report[2]. - The company is actively addressing the risks associated with the uncertain downstream market in the smart IoT sector by forming specialized market teams and enhancing communication with clients to better understand their needs[81]. - The company has established measures to compensate for any dilution of immediate returns resulting from stock issuance, ensuring compliance with regulatory requirements[149]. - The company has committed to preventing fund occupation by its controlling shareholder and related enterprises[152]. Leadership and Governance Changes - The company experienced a leadership change with the resignation of non-independent director and vice chairman Zou Pengcheng to focus on the development of the AI-native operating system, while he will continue as the chief scientist for this project[98]. - Independent director Huang Jie resigned due to work commitments, leaving no positions within the company[99]. - The company elected Xu Liang and Yang Lei as new directors on September 28, 2023[99]. - The current board includes professionals with backgrounds in technology, finance, and management, enhancing the company's strategic capabilities[100][101]. - The leadership changes are aimed at strengthening the company's focus on core business areas and improving operational efficiency[98][99].