Financial Performance - Revenue for the year ended December 31, 2023, was RMB 13,352.8 million, a decrease of approximately 3.5% compared to RMB 13,830.3 million in 2022, which had an increase of approximately 45.0%[2] - Gross profit was RMB 3,272.0 million with a gross margin of 24.5%, compared to a gross margin of 23.5% in 2022[2] - Net profit attributable to shareholders was RMB 1,297.4 million, an increase of approximately 11.2% from RMB 1,166.0 million in 2022, which had an increase of approximately 64.7%[2] - The company reported a decrease of approximately 1.9% in revenue from domestic operations compared to the previous year, while overseas revenue also saw a decline[2] - Basic earnings per share for 2023 were RMB 1.71, compared to RMB 1.54 in 2022[4] - The operating profit for 2023 was RMB 2,371,956,405, down from RMB 3,243,227,123 in 2022, indicating a decline of 26.8%[11] - The net profit for 2023 was RMB 1,176,937,924, compared to RMB 1,142,700,191 in 2022, showing a slight increase of 3.0%[11] - The consolidated net profit attributable to ordinary shareholders for 2023 was RMB 1,297,437,793, an increase from RMB 1,166,998,457 in 2022, representing a growth of approximately 11.2%[21] - Basic earnings per share for 2023 increased to RMB 1.71 from RMB 1.54 in 2022, reflecting a growth of about 11.0%[21] - Diluted earnings per share for 2023 also rose to RMB 1.71 compared to RMB 1.54 in 2022, indicating a similar growth rate of approximately 11.0%[24] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 29,142.3 million, an increase from RMB 28,203.3 million in 2022[7] - Total liabilities increased to RMB 14,744.8 million in 2023 from RMB 13,666.2 million in 2022[7] - The total amount of short-term borrowings as of December 31, 2023, was RMB 1,749,536,836, slightly down from RMB 1,754,882,426 a year earlier[45] - The total amount of long-term borrowings as of December 31, 2023, was RMB 4,855,183,468, an increase from RMB 3,950,988,482 in the previous year[49] - The total bank borrowings (short-term and long-term) amounted to RMB 7,840,135,095 as of December 31, 2023, compared to RMB 5,915,291,136 in the previous year[50] - The total accounts payable as of December 31, 2023, was RMB 1,787,840,959, a decrease from RMB 2,031,652,081 in the previous year[47] Research and Development - Research and development expenses were RMB 774.99 million, slightly down from RMB 783.89 million in 2022[3] - The company’s R&D expenses were significantly impacted by tax deductions, amounting to RMB 156,090,370 in 2023[14] - The company plans to continue expanding its market presence and investing in research and development to enhance product offerings and technological advancements[26] Dividends - The company proposed a final dividend of RMB 0.462 per share for the year ended December 31, 2023[2] - The board proposed a final dividend of RMB 0.514 per share for the year ending December 31, 2023, totaling RMB 389,563,226, an increase from RMB 0.462 per share in 2022[97] Market and Operations - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company has maintained an overseas business proportion of over 30%, indicating significant brand influence[88] - In 2023, the company's overseas business revenue reached approximately RMB 4.343 billion, accounting for 32.5% of total revenue, maintaining over 30% for three consecutive years[91] - The company has deployed nearly 2 million core kilometers of G.654.E optical fiber globally, supporting high-speed transmission technologies such as 400G and 800G[90] - The company has achieved a production efficiency improvement in its overseas production bases, meeting the certification requirements of major international operators[91] Financial Management - The company has implemented a robust financing and financial policy to minimize financial risks while ensuring sufficient resources for operations and future investments[72] - The company has completed a total of approximately RMB 3.6 billion in equity financing for its third-generation semiconductor project, which aims to produce 360,000 SiC MOSFET wafers annually[93] Corporate Governance - The audit committee consists of three members, including independent non-executive directors, and is chaired by Mr. Song Wei[101] - The consolidated financial statements for the year ended December 31, 2023, have been reviewed and found consistent with the amounts reported by KPMG[102] - The company has adopted all provisions of the corporate governance code and complied with them for the year ended December 31, 2023[103] Subsidiaries and Acquisitions - The acquisition of Shenzhen Jinda Optical Co., Ltd. was completed on March 3, 2023, and its financial performance has been included in the group's consolidated financial statements since then[76] - The company plans to acquire 100% equity of RFS Germany and RFS Suzhou, with the transaction expected to be completed soon, integrating these entities into its consolidated financial statements[100] Risks and Uncertainties - The company anticipates potential risks and uncertainties affecting its future performance, including the growth of the Chinese telecom market and regulatory changes[105]
长飞光纤光缆(06869) - 2023 - 年度业绩