CDG(603018)2024-03-27 16:00Financial Performance - In 2023, the company's operating revenue was approximately ¥5.35 billion, a decrease of 8.32% compared to ¥5.84 billion in 2022[22]. - The net profit attributable to shareholders was approximately ¥697.84 million, an increase of 2.08% from ¥683.63 million in 2022[22]. - The company achieved operating revenue of 5.353 billion yuan, with a net profit of 714 million yuan, representing a year-on-year growth of 0.57%[31]. - The company reported a basic earnings per share of ¥1.01 in 2023, compared to ¥1.00 in 2022[23]. - The company reported a gross margin of 39.15% in the service sector, with a decrease of 11.75% year-on-year[119]. - The company’s R&D expenses amounted to 249 million RMB, a decrease of 20.52% compared to the previous year[118]. - The company reported a net cash flow from operating activities of approximately ¥499.46 million, an increase of 2.03% from ¥489.53 million in 2022[22]. - The company’s cash flow from operating activities was 499 million RMB, an increase of 2.03% year-on-year[118]. - The company aims for over 5% growth in revenue and net profit in 2024 compared to 2023, with a target of achieving a net cash flow from operating activities of no less than 400 million yuan[150]. Dividend Policy - The company plans to distribute a cash dividend of 3.1 yuan (including tax) for every 10 shares, totaling approximately 211.97 million yuan, which accounts for 30.38% of the audited net profit attributable to shareholders of the parent company for 2023[7]. - The cash dividend amount for the year is approximately ¥211,972,095.12, which represents 30.38% of the net profit attributable to ordinary shareholders in the consolidated financial statements[199]. - The company has established a profit distribution plan for 2022-2024, committing to distribute at least 30% of the annual distributable profit to shareholders as cash dividends after reserving sufficient surplus funds[196]. - The company emphasizes a cash dividend policy, aiming for a minimum of 80% cash dividends during profit distribution when in a mature stage without major capital expenditure[195]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[6]. - The company has established a comprehensive risk management system, enhancing internal controls and compliance management[114]. - The company did not experience significant changes in major customers or suppliers during the reporting period[124]. - The company has not faced any penalties from securities regulatory agencies in the past three years[181]. Innovation and Technology - The company is focusing on digital transformation and enhancing its design consulting and technological innovation capabilities[30]. - The company has developed new software products such as AiRoad2.0 and VRRoad2.0, enhancing design efficiency through AI integration[42]. - The company has developed a digital twin platform called "Ziyun Infrastructure," which integrates AI, BIM+GIS, and big data technologies, covering the entire lifecycle of infrastructure projects[71]. - The AI-powered EICAD+AIRoad interactive digital design platform has improved design efficiency by over 10 times, with approximately 80% of national traffic and municipal design institutes using the software[72]. - The company is leveraging advanced digital technologies and engineering insights to provide leading digital solutions in transportation and urban construction[56]. - The company is committed to digital transformation, aiming to become a leader in "digital design," "digital construction," and "digital services" within the industry[148]. Market Expansion and Strategic Initiatives - The company is actively involved in the digital economy, with initiatives to enhance digital infrastructure and promote the integration of digital technology in various sectors, including transportation[52]. - The company is exploring industrialization paths to transition from an engineering design firm to a full-chain technology integrator, focusing on customer needs and core technology leadership[149]. - The company is enhancing its international business capabilities and aims to strengthen its consulting services in the context of global market changes[149]. - The company is exploring acquisition opportunities in the tech sector, with a budget of 100 million allocated for potential deals[174]. - The company is participating in the establishment of a venture capital fund in Nanjing, indicating a strategy for investment diversification[182]. Human Resources and Management - The company has optimized its talent structure, with 2,174 employees holding a master's degree or above, accounting for 35.5% of the total workforce[112]. - The company has a total of 6,130 employees, with 3,210 in the parent company and 2,920 in major subsidiaries[192]. - The company appointed Yao Yu as the general manager on December 29, 2022, and appointed Xu Yigang and Zhai Jianfeng as executive vice presidents on January 9, 2023[176]. - The company has a new management team including six vice presidents: Hou Ligang, Fan Dongtao, Li Jianfeng, Zhang Jiankang, Chen Ruyang, and Cao Yali[176]. - The company emphasizes the importance of retaining professional talent, as the success of its engineering consulting business is closely tied to the quality and quantity of its workforce[156]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, as evidenced by the appointment of professionals with expertise in environmental engineering[178]. - The company is committed to green and low-carbon projects, including the establishment of green low-carbon technology centers for highway projects[97]. - The company has completed 10 million square meters of water environment governance and over 1,500 rural sewage treatment stations, showcasing its capabilities in ecological and environmental services[97]. - The company has designed over 4,800 kilometers of road landscape greening and 40 million square meters of urban greening, along with more than 100 ecological parks and wetlands[98]. Awards and Recognition - The company ranked 3rd in the "Top 100 National Survey and Design Enterprises by Revenue" and 1st in the "Chinese Private Engineering Design Enterprises List" in 2023[30]. - The company has received over 100 provincial and ministerial-level awards for its strategic planning and policy research in transportation[61]. - The company has received 55 authorized patents during the reporting period, including 28 invention patents, indicating a strong focus on technological innovation[46]. - The company has received multiple awards for its digital BIM platform, including the Jiangsu Province Excellent Industrial Software Award and the First Prize in Traffic BIM Engineering Innovation[78].