PRCO(SZ:002225)2024-03-29 16:00Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2023, reaching a total revenue of 1.5 billion yuan[17]. - The company's operating revenue for 2023 was CNY 5,472,916,049.90, representing a 10.88% increase compared to CNY 4,935,925,239 in 2022[22]. - The net profit attributable to shareholders for 2023 was CNY 247,697,780.30, an increase of 7.87% from CNY 229,632,521.1 in 2022[22]. - The company anticipates a revenue growth forecast of 10% for the next fiscal year, driven by increased demand in the automotive and aerospace sectors[17]. - The company achieved a revenue of 64.31 billion CNY for 2024, representing a 17.50% increase from the 54.73 billion CNY achieved in 2023[88]. - The net profit attributable to shareholders is projected to be 3.23 billion CNY for 2024, a 30.24% increase from the 2.48 billion CNY in 2023[88]. Dividend Policy - The company plans to distribute a cash dividend of 0.7 yuan per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The company declared a cash dividend of 0.70 CNY per share (including tax), with a total cash dividend amounting to 70,726,034.68 CNY, which represents 100% of the distributable profit[130]. - The company plans to distribute cash dividends amounting to at least 10% of the distributable profits achieved in the current year, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the past three years (2023-2025)[182]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in Southeast Asia, aiming for a 20% increase in market share by 2025[17]. - The company is expanding its international market presence, with overseas sales reaching a historical high despite geopolitical tensions affecting operations[89]. - The company has successfully launched its factories in the United States and Serbia, with the U.S. factory receiving good order volumes[46]. - The company is focusing on enhancing operational efficiency through four core initiatives: production line optimization, cost reduction in technology and construction, and procurement cost management[88]. Research and Development - New product development initiatives are underway, with an investment of 100 million yuan allocated for R&D in high-temperature materials[17]. - The company has invested in factories in the United States and Serbia, with the U.S. factory designed for an annual capacity of 20,000 tons and the Serbian factory designed for 40,000 tons[39]. - The company plans to invest 100 million yuan in R&D for new technologies over the next three years[180]. - The company has a total of 586 authorized patents, including 71 invention patents, enhancing its technological innovation capabilities[44]. Sustainability and Environmental Commitment - The company is committed to sustainability, with plans to reduce carbon emissions by 15% over the next three years[17]. - The company has implemented a comprehensive waste recycling strategy, ensuring that all non-conforming products and dust waste are fully recycled without external discharge[140]. - The company has achieved a significant reduction in emissions, achieving a sulfur dioxide emission level of 0.4 tons per year, which is a decrease of 20% compared to the previous year[145]. - The company has adopted low-nitrogen combustion technology in its kilns, significantly reducing carbon emissions[166]. Governance and Compliance - The company has revised its governance system, with 23 new policies disclosed between April and December 2023, including the "Investment Complaint Handling System" and "Risk Management System"[1]. - The company maintains complete independence from its controlling shareholder, with no instances of fund occupation or interference in business operations[3]. - The company has established a comprehensive internal control system to enhance operational efficiency and governance standards[10]. - The company reported no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[5]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 4,200, with 1,249 in the parent company and 2,951 in major subsidiaries[125]. - The company has implemented a five-year development plan aligning employee compensation with business performance, enhancing employee satisfaction and retention[126]. - The company has contributed a total of 120,000 yuan to local educational and social initiatives, demonstrating commitment to community support[175]. - The company actively participates in public welfare activities, including donations to local schools and disaster relief efforts, totaling nearly 70,000 yuan[176].