Anjie(SZ:002635)2024-03-28 16:00Dividend and Share Capital - The company plans to distribute a cash dividend of 3 RMB per 10 shares to shareholders, based on a total share capital of 659,686,776 shares after deducting treasury shares[4]. - The company has a total share capital of 672,437,087 shares, with 12,750,311 shares held in treasury[4]. - The company approved a share repurchase plan with a total fund of no less than RMB 100 million and no more than RMB 200 million, with a maximum repurchase price of RMB 19 per share[61]. - A total of 7,400,424 shares were repurchased from January 6 to March 16, 2023, accounting for 1.0831% of the total share capital, with a total transaction amount of RMB 100,991,878.25[70]. - The company plans to change the purpose of the repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, resulting in a decrease in total share capital from 683,244,203 shares to 675,843,779 shares[61]. - The company completed the cancellation of 7,400,424 repurchased shares, which will positively impact financial metrics such as earnings per share and net asset value per share[72]. Financial Performance - The company's operating revenue for 2023 was ¥4,516,558,832.29, an increase of 7.57% compared to ¥4,198,648,189.01 in 2022[32]. - The net profit attributable to shareholders for 2023 was ¥307,624,831.15, representing a growth of 30.77% from ¥235,244,094.02 in 2022[32]. - The basic earnings per share for 2023 was ¥0.45, up 32.35% from ¥0.34 in 2022[32]. - The total assets at the end of 2023 were ¥8,155,616,885.17, reflecting a 4.88% increase from ¥7,775,829,907.29 at the end of 2022[32]. - The net assets attributable to shareholders at the end of 2023 were ¥5,911,894,095.35, showing a slight increase of 0.05% from ¥5,908,796,450.34 in 2022[32]. - The weighted average return on equity for 2023 was 5.21%, up from 4.00% in 2022[32]. - The company's total equity amounted to approximately 5.92 billion RMB, slightly up from 5.91 billion RMB year-on-year[124]. - The company reported an increase in undistributed profits to approximately 1.60 billion RMB, compared to 1.47 billion RMB in the previous year[124]. - The company's total profit for 2023 was ¥467,583,282.11, compared to ¥185,640,480.02 in 2022, showing a substantial increase of 151.1%[180]. Cash Flow and Investments - The cash flow from operating activities for 2023 was ¥803,417,723.61, a decrease of 10.16% compared to ¥894,254,061.78 in 2022[32]. - The company's cash flow from operating activities was ¥4,509,882,824.80 in 2023, slightly down from ¥4,642,526,888.14 in 2022[180]. - The total cash inflow from investment activities decreased to ¥1,906,420,585.90 in 2023 from ¥2,882,789,184.94 in 2022, representing a decline of 33.8%[183]. - The net cash flow from investment activities was -¥540,161,282.52 in 2023, worsening from -¥63,592,532.36 in 2022[183]. - The cash and cash equivalents at the end of 2023 were ¥352,245,853.27, down from ¥610,658,444.42 at the end of 2022, a decrease of 42.2%[183]. - The company recorded an investment income of ¥95,811,866.35 in 2023, down from ¥153,543,912.84 in 2022, indicating a decline in investment performance[179]. Structural Changes and Subsidiaries - The company has completed the deregistration of several subsidiaries, including Suzhou Anjie Comfort Home Technology Co., Ltd. and Seksun Germany GmbH, in December 2023 and March 2024 respectively[9]. - The company has undergone significant structural changes, including the transformation of subsidiaries into wholly-owned entities, enhancing operational efficiency[9]. - The company established a subsidiary in Mexico with a total investment of USD 50 million to build a production base, aimed at enhancing international strategic development and market reach[63]. - The company completed the acquisition of 100% equity in Shixin International for a consideration of $1.00, followed by a capital increase of $49.5 million to support its operations[87]. Research and Development - The company continues to focus on the growth of precision functional components for consumer electronics and has gradually increased its involvement in new energy vehicles and information technology sectors[36]. - The company is focused on expanding its R&D capabilities to meet the increasing demands of its clients in the information storage industry[114]. - Research and development expenses amounted to ¥362,431,611.50 in 2023, slightly increasing from ¥360,680,418.71 in 2022[176]. - Research and development expenses increased to ¥148,369,207.35 in 2023, up from ¥130,140,125.72 in 2022, indicating a focus on innovation[179]. Risk Management and Governance - The company emphasizes the importance of risk factors in its future operations, as outlined in the management discussion and analysis section of the report[4]. - The company has committed to ensuring the accuracy and completeness of its financial reports, with all board members present for the approval of the annual report[3]. - The company has outlined its governance structure and responsibilities in the annual report, ensuring accountability and oversight[19]. - The company has no significant related party transactions during the reporting period[51]. - The company has no specific plans for employee stock ownership or incentive plans at this time[61]. Market Trends and Future Outlook - The company's future development strategies and plans are subject to market conditions and management efforts, highlighting the inherent uncertainties in forward-looking statements[17]. - The company aims to capture long-term opportunities in the large-capacity HDD market, enhancing its market share and profitability[114]. - The company plans to focus on market expansion and new product development to maintain competitive advantages in the electric vehicle sector[133]. - In 2023, global electric vehicle sales reached 14.653 million units, a year-on-year increase of 35.4%, with China accounting for 9.495 million units, representing 64.8% of global sales[133]. - EVTank projects that global electric vehicle sales will reach 18.3 million units in 2024, with China expected to contribute 11.8 million units[133].