Financial Performance - Total revenue for 2023 reached RMB 800.70 million, an increase of 8.48% year-on-year[2] - Net loss attributable to shareholders for 2023 was RMB 243.20 million, compared to a net loss of RMB 166.73 million in the same period last year[2] - Basic loss per share for 2023 was RMB 1.48, compared to RMB 1.19 in the previous year[2] - The company reported a net loss of RMB 300,077,038.04 for the year, compared to a net loss of RMB 195,128,044.54 in 2022, reflecting a deterioration in financial performance[6] - Basic and diluted earnings per share for the year were both RMB (1.48), compared to RMB (1.19) in the previous year[7] - Other comprehensive income attributable to shareholders was RMB 18,708,500.00, significantly higher than RMB 2,210,000.00 in 2022, indicating improved performance in this area[7] Assets and Liabilities - Total current assets as of December 31, 2023, amounted to RMB 3,341.04 million, up from RMB 2,261.03 million a year earlier[3] - Total assets as of December 31, 2023, were RMB 4,945.72 million, compared to RMB 3,783.96 million in the previous year[4] - Total liabilities as of December 31, 2023, were RMB 1,538.58 million, an increase from RMB 1,040.04 million in the previous year[4] - Total equity attributable to shareholders was RMB 3,044.85 million, compared to RMB 2,342.10 million a year earlier[4] - The company reported a deferred tax asset of $135,525,491.45 as of December 31, 2023, an increase from $130,545,747.97 prior to adjustments[14] - The total liabilities increased to $30,248,893.97 for deferred tax liabilities as of December 31, 2023, from $24,631,301.24 before adjustments[14] Operational Highlights - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[2] - The company plans to expand its market presence and enhance its product offerings in the fuel cell systems sector, focusing on commercial vehicles[8] - The company has been actively involved in the development of new technologies and products to strengthen its competitive position in the market[8] - The company aims to strategically expand its customer base and regional coverage to increase market share, focusing on commercial vehicle applications[35] - The company is enhancing and strengthening its supply chain to ensure stability and improve product quality while reducing raw material costs[36] Research and Development - Research and development expenses amounted to RMB 140,907,189.33, up from RMB 101,264,578.71 in 2022, reflecting the company's commitment to innovation[6] - The company plans to deepen R&D on fuel cell systems and core components, focusing on improving performance under harsh conditions and enhancing energy conversion efficiency[33] - The company intends to explore overseas R&D layouts and develop core components such as fuel cell stacks[33] Market and Product Development - The company’s fuel cell vehicles accounted for 20.22% of the 1,548 vehicles equipped with its products out of a total of 7,654 newly added fuel cell vehicles in 2023[30] - The company plans to expand fuel cell stack production capacity to meet growing market demand and achieve economies of scale[34] - The company intends to increase brand awareness and promote the application of fuel cell systems through various marketing channels and industry events[37] Corporate Actions - The company successfully listed on the Hong Kong Stock Exchange, raising HKD 1.022 billion, which will support its operational development and internationalization[31] - The company established a wholly-owned subsidiary, Guangdong Yihua Tong Technology Co., Ltd., to enhance its business development in Guangdong's fuel cell demonstration city cluster[31] - The company established several subsidiaries in 2023, including Hebei Guochuang Hydrogen Energy Technology Co., Ltd. and Guangdong Yihua Tong Technology Co., Ltd.[38] - The company's registered capital increased to 165,465,772 shares following a capital reserve capitalization, including 139,847,942 A-shares and 25,617,830 H-shares[42] - The company issued H-shares at HKD 60 per share, selling a total of 17,628,000 shares and an overallotment of 670,450 shares, resulting in net proceeds of approximately HKD 1,022 million after deducting underwriting fees and other expenses[43] Future Outlook - The company aims to contribute to China's "carbon peak and carbon neutrality" goals by leveraging advanced hydrogen fuel cell technology[32] - The financial statements were prepared based on the assumption of going concern, indicating no significant doubts about the company's ability to continue operations[9] - The company plans to implement the new accounting standards effective January 1, 2024, with no significant impact on its financial statements[16] - The board has not declared a final dividend for the year ending December 31, 2023, and will consider a proposal for a final dividend at a board meeting in April 2024[44] Cash Flow - The net cash outflow from operating activities was RMB 560.64 million, an increase of RMB 228.53 million year-on-year, primarily due to increased R&D investments and expansion of application scenarios[28]
亿华通(02402) - 2023 - 年度业绩