海格通信(002465) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 6,449,041,637.15, representing a 14.84% increase compared to CNY 5,615,611,398.30 in 2022[13]. - The net profit attributable to shareholders for 2023 was CNY 703,007,272.64, a 5.21% increase from CNY 668,197,698.51 in 2022[13]. - The net profit excluding non-recurring gains and losses for 2023 was CNY 541,019,364.42, up 2.77% from CNY 526,418,905.65 in 2022[13]. - The total assets at the end of 2023 were CNY 19,433,862,336.70, reflecting a 27.73% increase from CNY 15,214,401,100.55 at the end of 2022[13]. - The net assets attributable to shareholders at the end of 2023 were CNY 12,866,655,447.80, a 20.68% increase from CNY 10,661,451,902.31 at the end of 2022[13]. - The gross profit margin for the industrial sector was 40.06%, down by 5.92% compared to the previous year[42]. - The gross profit margin for the smart ecology sector was 15.50%, with a slight decrease of 0.90% year-on-year[42]. - The company reported a significant increase in revenue, achieving a total of 42 billion yuan for the year, marking a year-on-year growth of 15%[119]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, based on a total of 2,481,833,948 shares[3]. - The cash dividend per 10 shares is set at 1.5 yuan (tax included), with a total cash dividend amounting to 372,275,092.20 yuan[136]. - The total distributable profit for the parent company was 2,894,490,755.91 yuan, with the cash dividend representing 100% of the profit distribution[136]. - The company has implemented a stable and active profit distribution policy, with cumulative cash dividends exceeding 3 billion yuan since its listing in 2010, achieving an average dividend payout ratio of 53%[37]. Risk Management and Compliance - The company emphasizes the importance of accurate financial reporting, with all board members present for the meeting to review the annual report[3]. - The report includes a detailed description of potential risks in the company's future development and corresponding countermeasures[3]. - The company has been recognized as a leading provider of simulation systems in the aerospace sector, being the first domestic supplier to offer "D-level" simulators for institutional users[30]. - The company is committed to improving its governance structure and ensuring compliance with legal regulations to protect shareholder interests[89]. - The company has established independent financial and internal audit departments, ensuring a separate accounting system and compliance with tax obligations[99]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring autonomous business capabilities[96]. Research and Development - The company's R&D investment reached approximately 934 million yuan in 2023, representing a year-on-year increase of 18.49%, with R&D expenses accounting for about 15% of total revenue[32]. - The company is focusing on expanding its presence in satellite communication and low-orbit satellite internet sectors, which are expected to grow rapidly[20]. - The company is actively involved in the development of emergency communication equipment and multi-network integration communication devices as part of national initiatives[21]. - The company is also focusing on 6G wireless communication technology, which is in the technical breakthrough phase, to establish future revenue growth[53]. - The company aims to transition from a device supplier to a capability supplier, focusing on integrated services in digital and intelligent applications across various sectors[31]. Market Expansion and Strategic Goals - The company is expanding its market presence in the civilian sector, particularly in automotive and international markets, through the development of new navigation and communication products[53]. - The company aims to enhance its position in the digital economy, focusing on the integration of satellite communication and navigation systems with 5G technology[81]. - The strategic goal is to build Haige Communication into a leading modern enterprise in the wireless communication and navigation fields, emphasizing high-tech manufacturing and services[82]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[119]. Corporate Governance - The company has maintained a stable shareholding structure with no new share purchases or sales reported by executives during the period[106]. - The company’s governance structure is being adjusted to ensure compliance with legal requirements following recent resignations[107]. - The company is committed to maintaining high standards in corporate governance with the appointment of independent directors and experienced professionals in key positions[113]. - The board of directors held 12 meetings during the reporting period, with all resolutions passed unanimously without opposition or abstention[123]. Financial Management - The company has a performance assessment and remuneration management method for senior management approved by the board[121]. - The total pre-tax remuneration for directors, supervisors, and senior management was 1,092.45 million CNY[122]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[137]. - The company has a total of 4,946 production personnel, 2,591 technical personnel, and 228 sales personnel among its employees[130]. Social Responsibility - The company made seven donations during the reporting period to support rural infrastructure and education, demonstrating corporate social responsibility[146]. - The company is actively contributing to rural revitalization efforts, aligning with national strategic goals[146]. Audit and Internal Control - The audit opinion for the financial statements was a standard unqualified opinion, issued on March 27, 2024[192]. - The internal control audit report was issued with a standard unqualified opinion, confirming the effectiveness of internal controls[143]. - The company maintained effective internal control over financial reporting in all material respects as of December 31, 2023[143].