HAIDA(SZ:300320)2024-03-29 16:00Financial Performance - The company's operating revenue for 2023 was CNY 2,735,132,950, representing a 4.00% increase compared to CNY 2,629,966,180 in 2022[18]. - The net profit attributable to shareholders for 2023 was CNY 135,311,146, a 31.26% increase from CNY 103,081,457 in 2022[18]. - The basic earnings per share for 2023 was CNY 0.23, reflecting a 35.29% increase from CNY 0.17 in 2022[18]. - The total assets at the end of 2023 amounted to CNY 3,599,135,609, an 8.04% increase from CNY 3,332,583,910 at the end of 2022[18]. - The net assets attributable to shareholders at the end of 2023 were CNY 2,188,025,429, a 5.96% increase from CNY 2,065,020,584 at the end of 2022[18]. - The net cash flow from operating activities for 2023 was CNY 162,182,482, a 40.44% increase from CNY 115,483,589 in 2022[18]. - The weighted average return on net assets for 2023 was 6.37%, an increase from 5.10% in 2022[18]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, reaching CNY 131,215,912, a 39.06% increase from CNY 94,354,195 in 2022[18]. Market and Product Development - The company focuses on high-end rubber and plastic components for industries such as rail transportation, construction, automotive, and shipping, indicating a diversified market presence[30]. - The automotive sector remains a key area, with the company recognized as a preferred partner for major sunroof suppliers, contributing to rapid export growth[32]. - The company is actively developing new products in the renewable energy sector, aiming to leverage opportunities from the "dual carbon" goals and green transformation[34]. - The company’s aluminum products are increasingly utilized in the automotive industry, with a focus on lightweight materials, which are gaining traction due to their performance benefits[31]. - The company has established a strong market position in the construction sector, particularly with the increasing demand for high-quality sealing materials[34]. - The company’s strategic focus on technology integration and product differentiation aims to maintain its competitive edge in the rubber and plastic manufacturing industry[34]. Procurement and Supply Chain - Rubber raw materials account for 22.46% of total procurement, with average prices of 17.21 and 16.69 yuan in the first and second halves of the year, respectively[43]. - Auxiliary materials constitute 26.39% of total procurement, with average prices of 8.43 and 8.49 yuan in the first and second halves of the year, respectively[43]. - Coating and external packaging materials represent 28.10% of total procurement, with average prices of 185.00 and 188.00 yuan in the first and second halves of the year, respectively[43]. - The company maintains a long-term supply contract with suppliers to ensure stable supply of aluminum ingots and rods, which are priced based on the Shanghai Nonferrous Metals Network[36]. - The procurement department collaborates closely with the technical and quality control departments to ensure the quality of raw materials[35]. - The company has established a comprehensive supplier management and quality control system, conducting annual evaluations of suppliers[35]. Research and Development - The company has obtained a total of 104 effective patents, including 24 invention patents[44]. - The company is actively expanding into new energy sectors, including photovoltaic, energy storage, and hydrogen energy, with ongoing product development and technology upgrades[50]. - The lightweight sealing system project aims to reduce the weight of sealing strips by 20% through innovative design and materials[75]. - The dual damping characteristic suspension project has been completed, enhancing vibration comfort in vehicles[76]. - The company developed a new wind power vibration damper that significantly reduces vibration and noise transmission in systems[77]. - The company has researched and developed a multi-cavity special-shaped automotive sunroof guide rail production process, addressing stability issues in extrusion flow[78]. Contracts and Projects - The company executed a significant contract with China Railway Construction for waterproof materials, valued at ¥57,390,286.41, with a completion rate of 30%[56]. - A contract with China Railway Material Group for the Shenzhen-Da City Intercity Line was valued at ¥46,284,000.00, with a completion rate of 45%[56]. - The company completed a contract with China Communications Construction for the Shanghai Airport Link, valued at ¥29,451,488.85, achieving 100% completion[56]. - The company has ongoing contracts with completion rates of 90% and 80% for projects valued at ¥18,811,588.70 and ¥16,743,933.00 respectively[56]. - The company is currently working on the Jiaozhou Bay Second Undersea Tunnel project, with only 5% completion on a contract valued at ¥15,925,676.80[56]. Environmental and Social Responsibility - The company strictly adheres to various environmental protection laws and standards during its operations[170]. - The company has implemented a comprehensive waste management strategy, including the proper disposal of hazardous waste by qualified units[174]. - The company has established an emergency response plan for environmental incidents, ensuring effective management of potential environmental risks[175]. - The company has committed to social responsibility by donating 150,000 yuan annually to local charities and supporting educational initiatives[183]. - The company has received multiple accolades, including being recognized as a top 10 enterprise in the rubber products industry for 2023[183]. Governance and Management - The company has maintained a stable governance structure, with no reported penalties from regulatory bodies affecting its board members[128]. - The company has established an independent financial accounting department with a standardized financial accounting system, ensuring no shared bank accounts with controlling shareholders[123]. - The company has committed to maintaining independent operational capabilities, ensuring minimal related party transactions, and adhering to fair practices[189]. - The company has outlined specific restrictions on share transfers for its executives in the event of resignation within specified timeframes[189]. - The company has established a framework for compliance with regulatory measures and self-discipline in its operations[189].