SGEG(SH:601616)2024-03-28 16:00Financial Performance - The company's operating revenue for 2023 was ¥756,827,043.89, a decrease of 23.07% compared to ¥983,807,818.72 in 2022[20] - The net profit attributable to shareholders for 2023 was ¥14,615,734.81, down 75.38% from ¥59,364,454.28 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥1,204,309.08, a significant decline of 97.79% compared to ¥54,499,492.25 in 2022[20] - The basic earnings per share for 2023 was ¥0.0167, a decrease of 75.41% from ¥0.0679 in 2022[21] - The total operating revenue for 2023 was CNY 756,827,043.89, a decrease of 23% compared to CNY 983,807,818.72 in 2022[187] - Operating profit for 2023 was CNY 40,900,267.92, down from CNY 93,456,052.18 in the previous year, reflecting a decline of approximately 56%[188] - Net profit for 2023 was CNY 37,717,199.74, a decrease of 56% from CNY 85,597,013.04 in 2022[188] - The company’s total comprehensive income for 2023 was CNY 70,008,777.48, compared to CNY 93,110,242.41 in 2022, reflecting a decrease of 25%[200] Assets and Liabilities - The total assets at the end of 2023 were ¥3,011,083,419.50, a decrease of 1.61% from ¥3,060,204,543.12 at the end of 2022[20] - The total liabilities decreased to ¥387,407,595.89 from ¥460,467,436.89, a reduction of approximately 16.0%[181] - The company's total equity at the end of 2023 was CNY 2,372,674,821.50, slightly down from CNY 2,383,961,755.08 in 2022[185] - Total current assets decreased slightly to ¥1,758,201,531.70 from ¥1,765,896,010.07, a decline of approximately 1.5% year-over-year[180] - Total non-current assets decreased to ¥1,252,881,887.80 from ¥1,294,308,533.05, reflecting a decline of about 3.2%[181] Cash Flow - The cash flow from operating activities for 2023 was ¥140,809,112.88, a decrease of 1.48% compared to ¥142,924,404.65 in 2022[20] - The net cash flow from operating activities decreased to CNY 17,416,169.70 in 2023, down 26% from CNY 23,559,319.77 in 2022[196] - Cash flow from investing activities showed a net outflow of RMB 1.01 million in 2023, compared to a net inflow of RMB 432.82 million in 2022[194] - The company reported a net cash outflow from financing activities of CNY 59,757,272.33 in 2023, compared to a net outflow of CNY 2,520,424.97 in 2022[197] Research and Development - The company invested 47.10 million RMB in R&D during the reporting period, resulting in 40 patent applications and achievements[31] - Research and development expenses were 47 million yuan, down 15.63% year-on-year due to the completion of certain R&D projects[46] - The company added 40 new patents in 2023, bringing the total to nearly 300 patents in the industry[41] Market and Strategic Initiatives - The company expanded its market presence in Southeast Asia, North America, and the Middle East, establishing strategic partnerships and technical exchanges[31] - The company focused on high-end equipment and power electronics, enhancing its competitive advantage in various sectors including power generation and rail transportation[31] - The company aims to enhance its marketing network and industry layout by exploring new customer groups and application fields, while also expanding into overseas markets[68] Corporate Governance - The company held a shareholders' meeting in compliance with relevant laws and regulations, with the voting results deemed valid[84] - The company has undergone a board restructuring, resulting in the election of new directors and supervisors[94] - The company is committed to maintaining compliance with corporate governance standards as evidenced by the proper conduct of its shareholders' meeting[84] Environmental and Social Responsibility - The company received the national "Green Factory" title in 2023, reflecting its commitment to sustainable and green manufacturing practices[35] - The company invested 1.97 million CNY in environmental protection during the reporting period[119] - The company actively participates in social welfare initiatives, including disaster relief and educational support, through its charitable foundations[125] Risk Management - The company recognizes the risk of macroeconomic fluctuations and industry competition, which could impact sustainable and high-quality development in the power industry[70] - The company has established a comprehensive risk management system to oversee its subsidiaries, ensuring effective management of significant matters[116] Shareholder Returns - The company plans to distribute cash dividends of ¥0.70 per 10 shares, totaling ¥59,757,272.33[4] - The company has implemented a total dividend payout of nearly 150 million yuan over the past three years, demonstrating its commitment to returning value to shareholders[36] - The company emphasizes shareholder returns through consistent cash dividends, aligning with its goal of enhancing shareholder value[125]