Buydeem Group(SZ:300824)2024-03-28 16:00Financial Performance - The company's operating revenue for 2023 was ¥665.28 million, a decrease of 17.33% compared to ¥804.74 million in 2022[25]. - Net profit attributable to shareholders for 2023 was ¥71.36 million, an increase of 51.92% from ¥46.97 million in 2022[25]. - The net profit after deducting non-recurring gains and losses was ¥64.03 million, up 59.20% from ¥40.22 million in 2022[25]. - The total assets at the end of 2023 were ¥969.48 million, down 6.70% from ¥1.04 billion at the end of 2022[25]. - The company's weighted average return on equity increased to 9.82%, up 3.18 percentage points from 6.64% in 2022[25]. - The total revenue for the reporting period was CNY 66,528.38 million, a decrease of 17.33% compared to CNY 80,474.31 million in the same period last year[71]. - The revenue from the "BUYDEEM" brand was CNY 52,836.74 million, accounting for 79.42% of total revenue, down 22.23% from CNY 67,939.22 million[71]. - The OEM/ODM business revenue increased by 9.23% to CNY 13,691.64 million, up from CNY 12,535.09 million[71]. - The revenue from electrical appliances was ¥498,838,454.12, accounting for 74.98% of total revenue, down 19.72% from ¥621,393,269.65 in 2022[92]. - The company sold 1,042,851 units in 2023, a decline of 15.28% from 1,230,869 units in 2022[94]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 326,341,682 shares[5]. - The company reported a cash dividend of 2.00 yuan per 10 shares, totaling 65,268,336.40 yuan, which represents 100% of the total profit distribution[188]. - The company has a clear and compliant cash dividend policy that aligns with its articles of association and shareholder return plans[187]. Research and Development - The company invested CNY 40.04 million in R&D, accounting for 7.58% of the revenue from its own brand during the reporting period[64]. - R&D investment amounted to ¥40,040,459.50 in 2023, representing 6.02% of total revenue, an increase from 4.31% in 2022[105]. - The number of R&D personnel increased by 6.10% to 87 in 2023, with a slight increase in the proportion of R&D staff to total employees[104]. - The company has launched various products targeting different dietary scenarios, including health pots and water dispensers[37][40]. - The company is exploring coffee-related products, including electronic temperature-controlled coffee makers[42]. - The company launched multiple new products, including the "Air Fryer" and "Multi-functional Beverage Machine," to meet diverse consumer needs[104]. Operational Efficiency and Management - The company has established a strict quality control system certified by ISO9001:2015 and implements 6Sigma quality management principles[65]. - The overall inventory turnover rate for the company was 2.76 times per year, indicating efficient inventory management[89]. - The company maintains a production model that prioritizes quality and efficiency, utilizing an "order + safety stock" approach[50]. - The company has a diversified sales model, utilizing both online and offline channels, including Tmall, JD.com, and its own experience stores[53][54]. - The company has transitioned its overseas business model to focus more on distribution channels, optimizing overall expense levels despite structural revenue impacts[68]. - The company is committed to optimizing its operational efficiency by enhancing supply chain flexibility and digital management practices[134]. Corporate Governance - The company's financial report has been confirmed as true, accurate, and complete by its management team[4]. - The company's board of directors has fully attended the meeting to review the annual report, reflecting strong governance practices[5]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[148]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[151]. - The audit committee supervises the implementation of internal audit systems and reviews financial information[155]. - The company ensures the authenticity, accuracy, completeness, and timeliness of disclosed information[152]. Environmental Compliance - The company adheres to multiple environmental protection laws and standards, ensuring compliance with regulatory requirements[196]. - Environmental impact assessments are conducted for construction projects, and the company has obtained necessary environmental permits[196]. - The company has established wastewater treatment facilities in accordance with environmental protection requirements, ensuring stable compliance with discharge standards and no exceedance of limits[198]. - The company implements a hazardous waste classification collection system and entrusts qualified units for disposal, with no illegal disposal incidents occurring[199]. - The company has developed and strictly follows an emergency response plan for environmental incidents, which has been filed with local environmental protection authorities[200]. Market Expansion and Brand Strategy - The company plans to continue expanding its global business for its "BUYDEEM" brand, focusing on high-quality appliances and services[35]. - The company has expanded its overseas market since 2017, covering regions such as North America, Europe, Japan, and Southeast Asia through platforms like Amazon[56]. - The company aims to leverage its understanding of overseas user demands to further promote its brand "BUYDEEM" globally, targeting a broader market[132]. - The company has established several new subsidiaries, including BUYDEEM Germany GmbH and BUYDEEM KOREA CO.LTD., to support its market expansion efforts[129]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[5]. - The company faces risks related to raw material price fluctuations, which could impact cost control and overall profitability[135]. - The company is also exposed to exchange rate fluctuations, particularly as its overseas sales are primarily settled in USD[137]. - The company emphasizes the importance of product quality and has implemented strict quality control measures to mitigate risks associated with product defects[139]. Employee Relations - The total number of employees at the end of the reporting period was 994, with 445 in production, 198 in sales, and 215 in technical roles[183]. - The company has a comprehensive salary management policy, with performance bonuses linked to operational goals and individual performance[184]. - The company has a structured training program for new employees to enhance their understanding of the company and its culture[185]. - The company has implemented a long-term employee incentive mechanism, including stock option plans for core management and key personnel[66].