ZPMC(SH:600320)2024-03-28 16:00Revenue Segments - The port machinery segment reported a revenue of ¥17,769,268,798, accounting for 62.55% of total costs, showing a year-on-year increase of 2.07%[1]. - Heavy equipment segment revenue reached ¥5,139,018,033, representing 18.09% of total costs, with a significant year-on-year increase of 80.21%[1]. - Engineering construction projects generated ¥1,551,493,106, which is 5.46% of total costs, reflecting a decrease of 4.12% compared to the previous year[1]. - Steel structure and related income amounted to ¥2,883,527,923, making up 10.15% of total costs, with a year-on-year increase of 9.46%[1]. Research and Development - The company has 1,649 R&D personnel, accounting for 19.86% of total employees, with a diverse educational background[5]. Financial Management - The company has seen a 166.58% increase in short-term borrowings, totaling ¥4,781,640,779, indicating a significant rise in financing needs[7]. - The company reported a decrease in long-term receivables by 39.34%, amounting to ¥1,457,182,459, reflecting changes in credit management[7]. - The company plans to reduce the registered capital of its wholly-owned subsidiary, Xiong'an Zhenhua, from ¥2 billion to ¥100 million, maintaining 100% ownership[12]. - The company is authorized to sell part or all of its trading financial assets based on market conditions, as approved in a board meeting[16]. Governance and Compliance - The company held 14 board meetings during the year, with 10 conducted in a hybrid format combining in-person and remote participation[38]. - The company has strengthened its governance by conducting 6 supervisory board meetings and 4 shareholder meetings, ensuring compliance with legal and regulatory requirements[46]. - The company emphasizes the importance of information disclosure, making it investor-oriented and easy to understand[25]. - The company is committed to enhancing its professional capabilities in information disclosure through specialized training[25]. - The board of directors has established specialized committees to enhance governance and oversight[60]. - The company has not faced any penalties from securities regulatory agencies in the past three years[57]. Profit and Dividend - The company achieved a net profit attributable to shareholders of approximately RMB 520 million for the fiscal year 2023[65]. - As of December 31, 2023, the company's undistributed profits amounted to approximately RMB 2.798 billion[65]. - The proposed cash dividend for 2023 is RMB 0.50 per 10 shares, totaling approximately RMB 263.42 million (including tax) to be distributed to shareholders[65][66]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining clarity and fairness for minority shareholders[65]. Environmental Protection - The company invested approximately RMB 118.57 million in environmental protection during the reporting period[72]. - The company has implemented strict environmental protection measures for new, modified, and expanded projects, ensuring compliance with national and local regulations[79]. - The company has maintained a consistent approach to environmental monitoring and compliance throughout the reporting period[80]. - The company has established a comprehensive environmental protection system, including the "Ecological Environment Protection Responsibility System" to guide employee engagement in compliance activities[104]. - The company has installed online monitoring equipment for VOCs and wastewater at its subsidiaries, ensuring compliance with environmental regulations[108]. - The company has not reported any new, modified, or expanded projects during the reporting period[79]. - The company has not received any administrative penalties related to environmental issues during the reporting period[133]. Social Responsibility - The company is actively involved in social responsibility initiatives, including poverty alleviation and rural revitalization efforts[115]. - The company invested a total of 182.67 million yuan in poverty alleviation and rural revitalization projects, benefiting 10,681 individuals through various support initiatives[140]. - The company provided direct financial support of 84.51 million yuan to designated poverty alleviation areas, directly benefiting 10,681 individuals[138]. Market Expansion and Strategy - The company is focusing on market expansion and innovation in response to increasing competition in the port machinery sector[9]. - The company plans to develop investment and financing businesses related to its main operations, focusing on low-risk projects such as offshore wind power and parking structures[20]. - The company plans to establish a joint venture as part of its external investment strategy, reflecting its commitment to market expansion[65]. - The company plans to continue expanding its market presence and enhancing project income through strategic partnerships and acquisitions[162]. Internal Control and Audit - The internal control audit conducted by Ernst & Young Huaming confirmed the effectiveness of the company's internal controls as of December 31, 2023[72]. - The company has actively engaged in internal control evaluations and audits to enhance risk management and operational efficiency[70]. - The audit fee for the domestic accounting firm, Ernst & Young Hua Ming, was reported at 4.85 million RMB, with an audit tenure of 8 years[121]. - The company's audit fees for 2023 decreased by over 20% compared to the previous year[148]. Employee and Executive Management - The total number of employees in the parent company is 2,882, while the total number of employees in major subsidiaries is 5,422, resulting in a combined total of 8,304 employees[89]. - The number of technical personnel is 3,307, accounting for approximately 39.8% of the total workforce[89]. - The company has appointed new executives, including a new Chief Engineer, to strengthen its leadership team[32]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 11.35 million yuan[82]. Emissions and Environmental Compliance - The company’s emissions of VOCs in 2023 were 151.385 tons, which is below the permitted limit of 174.047 tons[102]. - The company reported a total of 8.947 tons of sulfur dioxide, 44.088 tons of nitrogen oxides, 39.701 tons of particulate matter, and 194.116 tons of VOCs, all of which were within the permitted limits[100]. - The actual discharge of COD was 291.9 tons, ammonia nitrogen was 43.703 tons, total phosphorus was 0.384 tons, and total nitrogen was 59.522 tons in 2023, also compliant with the discharge permit limits[100]. Related Party Transactions - The company engaged in related party transactions amounting to approximately 7.07 billion CNY, which did not exceed the limit approved at the 2021 annual general meeting[166]. - The company has established a maximum daily deposit limit of 1,600,000,000 with its financial subsidiary, with an interest rate range of 0.46%-1.76%[177]. Miscellaneous - The company has not disclosed any significant litigation or arbitration matters that could pose a risk of delisting[123]. - The company has not reported any new product or technology developments in the current reporting period[185]. - The company has not engaged in any significant mergers or acquisitions during the reporting period[185].