Financial Performance - For the year ended December 31, 2023, the revenue was approximately RMB 1,759.6 million, an increase of about 12.7% compared to 2022[2] - The gross profit for the year ended December 31, 2023, was approximately RMB 658.1 million, reflecting a growth of 22.4% from 2022[2] - The profit attributable to the owners of the parent company for the year ended December 31, 2023, was approximately RMB 327.0 million, representing an increase of about 31.6% compared to 2022[2] - The earnings per share for the year ended December 31, 2023, was approximately RMB 0.77, up by 32.8% from 2022[2] - The total comprehensive income for the year ended December 31, 2023, was RMB 313.3 million, compared to RMB 244.5 million in 2022[5] - Total customer contract revenue for 2023 reached RMB 1,759,641, an increase of 12.7% from RMB 1,561,317 in 2022[18] - The company reported a pre-tax profit of RMB 48,248 in 2023, up from RMB 34,300 in 2022, reflecting a growth of 40.6%[21] - The pre-tax profit for 2023 was RMB 393,010,000, an increase of 39.6% compared to RMB 281,539,000 in 2022[26] Sales and Revenue Breakdown - The total sales volume of products for the year ended December 31, 2023, was approximately 158.8 million units, an increase of about 4.9% compared to 2022[2] - Revenue from mainland China reached RMB 575,351,000 in 2023, up from RMB 447,167,000 in 2022, representing a growth of approximately 28.7%[15] - Revenue from the Americas was RMB 405,599,000 in 2023, slightly increasing from RMB 391,529,000 in 2022, which is a growth of approximately 3.6%[15] - Revenue from Asia (excluding mainland China) was RMB 378,923,000 in 2023, up from RMB 356,602,000 in 2022, representing an increase of about 6.2%[15] - Revenue from Europe reached RMB 299,901,000 in 2023, compared to RMB 289,177,000 in 2022, indicating a growth of approximately 3.9%[15] - Revenue from Oceania increased to RMB 75,865,000 in 2023 from RMB 62,704,000 in 2022, reflecting a growth of about 21%[15] - Standardized lenses contributed RMB 1,403,945 to revenue in 2023, up from RMB 1,244,057 in 2022, representing a growth of 12.9%[18] - Revenue from customized lenses increased to RMB 353,522 in 2023, compared to RMB 303,000 in 2022, marking a growth of 16.7%[18] Expenses and Costs - The cost of goods sold for 2023 was RMB 1,101,507, compared to RMB 1,023,447 in 2022, indicating an increase of 7.6%[22] - Sales and distribution expenses rose by 47.6% from RMB 69.9 million in 2022 to RMB 103.2 million in 2023[46] - Research and development costs rose to RMB 70,091 in 2023 from RMB 65,826 in 2022, an increase of 6.5%[22] - Total other income for 2023 was RMB 27,019, an increase of 31.4% from RMB 20,553 in 2022[21] - Financial expenses decreased to RMB 13,649 in 2023 from RMB 25,741 in 2022, a reduction of 47%[23] - The total tax expense for the year was RMB 65,988, significantly higher than RMB 32,973 in 2022, representing a growth of 100.5%[25] Assets and Liabilities - Non-current assets as of December 31, 2023, totaled RMB 569.6 million, an increase from RMB 525.2 million in 2022[6] - Current assets as of December 31, 2023, amounted to RMB 1,414.7 million, compared to RMB 1,263.4 million in 2022[6] - The net asset value attributable to the owners of the parent company was RMB 1,394.9 million as of December 31, 2023, up from RMB 1,145.6 million in 2022[7] - Total assets increased by 10.9% from RMB 1,788.6 million as of December 31, 2022, to RMB 1,984.3 million as of December 31, 2023[52] - Total liabilities decreased by 8.3% from RMB 643.0 million as of December 31, 2022, to RMB 589.4 million as of December 31, 2023[52] - The debt-to-asset ratio improved from 36.0% as of December 31, 2022, to 29.7% as of December 31, 2023[52] Dividends and Shareholder Returns - The board has proposed a final dividend of RMB 0.20 per share (tax included) for the year ended December 31, 2023[2] - The proposed final dividend is RMB 0.20 per share for the year ended December 31, 2023, compared to RMB 0.15 per share for the year ended December 31, 2022[61] - The company proposed a final dividend of RMB 0.20 per share for 2023, totaling RMB 85,320,000, pending shareholder approval[27] Corporate Governance and Compliance - The company has committed to maintaining high corporate governance standards to protect shareholder interests and enhance corporate value[70] - The company has confirmed compliance with the corporate governance code and the standard code for securities transactions by directors for the year ended December 31, 2023[71] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of the financial reporting process and internal control systems[72] - The consolidated financial statements for the year ended December 31, 2023, have been reviewed and deemed compliant with applicable accounting standards and regulations[73] Future Plans and Investments - The company plans to enhance production capacity and automation at its Shanghai and Jiangsu facilities in 2024[40] - The company aims to upgrade its R&D center to a national-level facility to boost innovation and competitiveness[41] - The company anticipates utilizing the remaining unutilized net proceeds primarily for enhancing R&D capabilities and increasing sales and marketing efforts, with a delay of one year due to adjustments in business development strategies[69] - The company has raised approximately HKD 473.5 million from its global offering, with about HKD 396.3 million (83.7%) utilized as of December 31, 2023[66][67] - The planned use of the remaining unutilized net proceeds includes strengthening R&D capabilities (19.9% of proceeds) and increasing sales and marketing efforts (2.3% of proceeds) by the second half of 2024[68][69] Employee and Workforce - As of December 31, 2023, the company employed a total of 2,509 employees across China, Japan, the United States, and Mexico[65] - Employee benefit expenses, including salaries and other allowances, amounted to approximately RMB 387.5 million for the year ended December 31, 2023, compared to RMB 357.9 million for the previous year[65] - The company has implemented a restricted share unit plan (2023 Share Incentive Plan) to retain and motivate selected participants for ongoing operations and development[65] - The company has repurchased a total of 9,000,000 H shares in the open market for future use under the 2023 Share Incentive Plan[65]
康耐特光学(02276) - 2023 - 年度业绩