FJGF(SZ:002662)2024-03-28 16:00Financial Performance - The company's operating revenue for 2023 was ¥3,600,919,859.24, representing a 0.63% increase from ¥3,578,418,983.36 in 2022[27]. - The net profit attributable to shareholders for 2023 was ¥503,459,989.84, a 15.22% increase compared to ¥436,963,662.25 in 2022[27]. - The net cash flow from operating activities for 2023 was ¥695,148,943.84, up 14.25% from ¥608,438,245.85 in 2022[27]. - The basic earnings per share for 2023 was ¥0.34, an increase of 17.24% from ¥0.29 in 2022[27]. - Total assets at the end of 2023 were ¥5,219,668,824.78, a 6.62% increase from ¥4,895,389,095.63 at the end of 2022[27]. - The company reported a net profit of ¥165,018,068.12 in Q3 2023, showing a significant increase compared to previous quarters[31]. - The company received government subsidies amounting to ¥13,428,212.06 in 2023, up from ¥10,080,825.38 in 2022[33]. - The operating cost was CNY 2,556,074,396.71, a decrease of CNY 1,709.22 million, with a decline rate of 0.66% compared to the previous year[68]. - The gross profit margin improved to 29.02%, an increase of 0.92% from the previous year[64]. - The overseas revenue accounted for 7.89% of total revenue, with a year-on-year increase of 11.56%[67]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 1,500,000,000 shares[6]. - The company has a cash dividend distribution plan, proposing to distribute 150 million yuan, which is 100% of the distributable profit of 336,005,839.87 yuan[148]. Audit and Compliance - The company has received a standard unqualified audit report from Xin Yong Zhong He Accounting Firm[4]. - The company emphasizes the importance of accurate and complete financial reporting, as stated by its management team[4]. - The company is committed to transparency in its financial disclosures, with reports available on the Shenzhen Stock Exchange and other platforms[24]. - The company has established an internal control system in accordance with the "Basic Norms for Enterprise Internal Control," which has been effectively implemented[150]. - The internal control audit report states that the company maintained effective financial reporting internal controls as of December 31, 2023[155]. - The internal control audit report received a standard unqualified opinion, with no significant deficiencies identified in non-financial reporting[156]. Risk Management - The company has identified key risk factors including industrial policy risk and market competition risk, with corresponding mitigation strategies outlined in the report[6]. - The company faces risks from macroeconomic fluctuations and industry volatility, which could negatively impact performance if vehicle sales decline[98]. - The company is addressing market competition and price pressure by improving product quality and expanding its market share in the new energy vehicle sector[99]. - The company has a high customer concentration risk, primarily relying on major automotive manufacturers, which could affect operations if demand shifts[100]. - The company is monitoring raw material price fluctuations to manage procurement costs effectively and maintain profitability[102]. - The company has a low risk of bad debts due to its established relationships with large automotive manufacturers, but it is vigilant about credit policies as it expands its customer base[103]. Corporate Governance - The company has appointed three new directors, including Lü Lin, Peng Haibo, and Hu Bin, effective April 19, 2023[125]. - The company’s vice chairman, Hans-Peter Kruft, and director, Guido Grandi, both left their positions due to term expiration on April 19, 2023[125]. - The company’s total shareholding for the vice general manager, Wang Lihua, is reported at 25,200 shares[126]. - The company has a diverse board with members holding various professional backgrounds, including finance, engineering, and management[127]. - The company’s total number of independent directors is currently three, including Yuan Rongli, who has extensive academic and professional experience in accounting[127]. - The company’s management team includes professionals with significant experience in their respective fields, contributing to its operational effectiveness[126]. - The company aims to leverage its board's diverse expertise to drive future growth and innovation[127]. - The total remuneration for directors, supervisors, and senior management is subject to approval by the shareholders' meeting[133]. - The company has not faced any penalties from securities regulatory authorities for directors, supervisors, and senior management in the past three years[132]. Production and Operations - The company produced 85,024,585 exterior parts, a 9.63% increase from the previous year, while sales reached 85,818,947 units, up 10.03%[47]. - Interior parts production decreased by 9.09% to 15,320,993 units, with sales down 22.87% to 13,813,064 units[47]. - The company’s total production increased by 4.02% to 106,161,846 units, while total sales rose by 1.42% to 105,412,714 units[47]. - Exports of automotive parts grew significantly, with overseas sales increasing by 29.53% to 4,305,194 units[47]. - The company has established a comprehensive supply chain management system, optimizing supplier resources to control procurement costs and quality[46]. - The company focuses on high-end passenger vehicle interior and exterior parts, leveraging advanced multi-material processing and surface treatment technologies[49]. Research and Development - The company has developed 80 utility model patents and 2 invention patents, with multiple invention patents currently under application, enhancing its independent innovation capabilities[50]. - The company has completed the development of several new technologies, including automated bonding equipment and new welding processes, aimed at improving production efficiency and product quality[75]. - The company aims to enhance its competitive edge through the development of high-quality automotive parts and innovative manufacturing processes[75]. - R&D investment amounted to CNY 213,267,713.07 in 2023, a decrease of 4.18% compared to CNY 222,561,239.25 in 2022[80]. - The proportion of R&D investment to operating revenue decreased from 6.22% in 2022 to 5.92% in 2023, a decline of 0.30%[80]. Environmental Protection - The company complies with various environmental protection laws and regulations during its operations[159]. - The company has committed to high standards in environmental facility construction and management, ensuring sustainable operations[170]. - The company has implemented effective pollution control measures, with all wastewater treatment systems achieving compliance after processing[166]. - The company has installed online monitoring equipment for waste gas and wastewater, with monitoring results meeting standards[169]. - The company has achieved zero discharge of nickel-containing wastewater by adopting nickel-free processes and has reduced nitrogen-containing wastewater through alternative agents[198]. - The company has conducted 33 environmental protection training sessions in 2023, with over 1,700 participants, to enhance employee awareness and operational skills[198]. Employee Development and Welfare - The company emphasizes employee rights and development, adhering to labor laws and providing a safe working environment[176]. - The company provided various employee benefits, including health check-ups, holiday bonuses, and summer heat subsidies, enhancing employee welfare[180]. - The company achieved zero safety incidents throughout the year, maintaining an orderly safety production environment[185]. - The company conducted 13 emergency drills and developed 36 new on-site handling plans to improve safety response capabilities[182]. - The company organized over 95 training sessions in Foshan, covering operational guidance and professional skills, with a total of 450 training hours[179].