Baosight(SH:900926)2024-03-29 16:00Financial Performance - The company's operating revenue for 2023 was CNY 12.916 billion, a decrease of 1.78% compared to CNY 13.150 billion in 2022[22]. - Net profit attributable to shareholders for 2023 reached CNY 2.554 billion, an increase of 16.82% from CNY 2.186 billion in 2022[22]. - The basic earnings per share for 2023 was CNY 1.083, reflecting a growth of 16.08% compared to CNY 0.933 in 2022[24]. - The total assets of the company at the end of 2023 amounted to CNY 21.883 billion, an increase of 11.75% from CNY 19.581 billion in 2022[22]. - The company's net assets attributable to shareholders increased to CNY 11.307 billion, up 13.73% from CNY 9.943 billion in 2022[22]. - The weighted average return on equity for 2023 was 24.65%, an increase of 1.66 percentage points from 22.99% in 2022[24]. - The net cash flow from operating activities for 2023 was CNY 2.608 billion, a 3.45% increase from CNY 2.522 billion in 2022[22]. - The company reported a diluted earnings per share of CNY 1.064 for 2023, which is a 15.28% increase from CNY 0.923 in 2022[24]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 10 per 10 shares, totaling CNY 2.404 billion, and to increase the share capital by 2 shares for every 10 shares held[5]. - The company declared a cash dividend of CNY 2,403,674,671, which represents 94.13% of the net profit attributable to ordinary shareholders in the consolidated financial statements[130]. - The total amount of dividends declared is CNY 2,403,674,671, which is 94.13% of the net profit attributable to ordinary shareholders[130]. - The company plans to issue 2 bonus shares for every 10 shares held, along with a cash dividend of CNY 10 per 10 shares[130]. Market and Business Strategy - The company is focusing on expanding its market presence in the industrial internet sector, which is expected to grow rapidly due to increasing demand for digital transformation[38]. - The company aims to achieve breakthroughs in key industrial software and AI technologies, increasing R&D investment to build a self-controlled industrial software ecosystem[42]. - The company is committed to expanding its market presence in the steel industry while also targeting growth in non-ferrous metals, chemicals, and mining sectors[91]. - The company is actively pursuing strategic partnerships and potential acquisitions to bolster its market position and drive future growth[104]. Research and Development - Research and development expenses totaled 1.454 billion RMB, accounting for 11.26% of total revenue[61]. - The company has established a robust research and development team with 1,918 personnel, representing 33.57% of the total workforce[62]. - The company is committed to continuous technological innovation, focusing on areas such as artificial intelligence and industrial internet[49]. - The company aims to create a new ecosystem for self-controlled technologies, particularly in the PLC product line, to support its strategic goals[88]. Governance and Compliance - The company is focused on developing a robust governance structure, with a board of 11 members and active participation from independent directors in various committees[96]. - The company emphasizes the importance of independent directors in its governance structure, ensuring audit and compensation committees are led by independent members[97]. - The company has maintained compliance with all regulatory requirements, with no instances of non-compliance reported[156]. - The company is focused on enhancing its governance level in line with regulatory requirements, aiming for continuous improvement[97]. Environmental Initiatives - The company invested 1.5 million RMB in environmental protection initiatives during the reporting period[140]. - The company implemented carbon reduction measures, achieving a reduction of 260 tons of CO2 equivalent emissions through the use of clean energy photovoltaic power generation[142]. - The company is constructing a microgrid project with a total scale of 13.89 MWp of photovoltaic power generation and a 0.5 MW/1 MWh energy storage station, expected to be operational by June 2024[143]. Shareholder Structure and Changes - The total number of shares increased from 1,976,180,107 to 2,403,382,537, reflecting a 21.6% increase due to stock distribution and capital reserve conversion[176]. - The total shareholding of key executives at the end of the reporting period amounted to 4,718,044 shares, reflecting an increase of 967,930 shares or approximately 25.8% compared to the previous period[102]. - The company has not reported any significant changes in the independence of its major shareholders or actual controllers[98]. - The actual controller of Baoshan Iron & Steel Co., Ltd. is China Baowu Steel Group Corporation, which holds a 48.89% stake in the company[196].