泰嘉股份(002843) - 2023 Q4 - 年度财报

Financial Performance - In 2023, the company achieved operating revenue of 1,844.65 million yuan, a year-on-year increase of 88.66%, with the power business revenue reaching 1,174.28 million yuan, up 231.75%[11] - The company's total revenue for 2023 reached CNY 1,844,645,068.45, representing an 88.66% increase compared to CNY 977,751,414.03 in 2022[22] - The power supply sector generated revenue of CNY 1,174,282,700.60, a significant increase of 231.75% from CNY 353,971,242.35 in the previous year[22] - The sales revenue from high-power power supply products was CNY 135,445,562.68, reflecting a remarkable growth of 354.63% compared to CNY 29,792,668.60 in 2022[22] - The company reported a total sales volume of 32,395,343 units in the power supply sector, a 212.05% increase from the previous year[22] - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2023, representing a 15% growth compared to the previous year[126] - Net profit attributable to shareholders for 2023 was ¥133,064,931.29, a slight increase of 1.97% from the previous year[135] - The net profit after deducting non-recurring gains and losses was ¥111,883,111.23, reflecting a growth of 2.69% year-over-year[135] Investment and Financing - The company completed a refinancing round, issuing 37,557,516 shares and raising a net amount of CNY 586 million, which supports ongoing project implementations[19] - The company invested a total of CNY 7,407.36 million in new projects during the reporting period, including CNY 2,210.94 million for the high-speed steel bimetal band saw blade production line and CNY 5,196.42 million for the new energy power supply and storage base[21] - The total amount raised in 2023 through a private placement was RMB 60,805.62 million, with a net amount of RMB 58,555.16 million after deducting issuance costs[62] - The company approved the use of raised funds to replace pre-invested self-raised funds totaling CNY 55.8182 million, with CNY 54.3115 million already replaced by December 31, 2023[72] - The company has utilized RMB 15,761.19 million for supplementary working capital, exceeding the planned amount by 0.07%[69] Research and Development - The company holds a total of 64 effective patents in its power business, including 12 invention patents, 48 utility model patents, and 4 design patents, reflecting its strong R&D capabilities[5] - The company plans to actively recruit experienced R&D personnel to maintain its core competitiveness in product design and development[5] - The company’s R&D expenses increased by 85.04% to ¥72,445,643.44 in 2023, up from ¥39,152,210.33 in 2022[40] - The number of R&D personnel rose by 13.95% to 294 in 2023, compared to 258 in 2022[41] - The company has established a high-end cutting tool special steel material engineering research center and a national postdoctoral research station, enhancing its R&D capabilities with 22 patents obtained in 2023, including 13 invention patents[183] Market and Sales Strategy - The company aims to achieve a 50% market share in the domestic market for bimetal band saw blades and 50% of its band saw business sales from international markets[91] - The company plans to expand its product offerings in the renewable energy sector, including household solar photovoltaic products and efficient fast-charging power supplies[41] - The company is expanding into new power supply categories, including renewable energy smart photovoltaic/storage power and data center power[150] - The company is positioned to benefit from the global shift of production capacity towards China due to rising costs in Europe and the U.S.[156] - The company has established a comprehensive sales network with over 500 distributors domestically and has expanded internationally, establishing partnerships in over 50 countries[184] Operational Efficiency - The company has established a comprehensive smart manufacturing system, including a digital cloud early warning system and a traceability system, ensuring product quality consistency[1] - The company aims to optimize its organizational structure and enhance internal collaboration to improve operational efficiency and reduce costs[104] - The company has developed a three-tier technical service system to enhance operational efficiency and market responsiveness[185] Cash Flow and Financial Health - Operating cash inflow increased by 100.32% year-on-year, totaling ¥1,951,991,968.61, primarily due to the consolidation of Platinum Electronics for the full year in 2023[45] - Operating cash outflow rose by 119.36% year-on-year, amounting to ¥1,828,420,040.58, also influenced by the consolidation of Platinum Electronics[45] - Net cash flow from operating activities decreased by 12.29% year-on-year, resulting in ¥123,571,928.03[45] - Cash and cash equivalents increased by 485.78% year-on-year, amounting to ¥540,109,955.02, largely due to the funds raised from the private placement[45] Product Development and Innovation - The company aims to enhance the performance of high-power power supply products and develop multi-port supercharging stations, which are currently in the product trial stage[41] - New product development includes the launch of a high-efficiency solar power product line, expected to contribute an additional 200 million RMB in revenue in 2024[126] - The company has achieved a significant milestone by developing key technologies for PVD coating of band saw blades, recognized as filling a domestic gap and reaching international advanced levels[183] Sustainability and Corporate Responsibility - The management emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 30% over the next five years[126] - The company is committed to strengthening its talent development and creating a motivated workforce to meet strategic growth needs[105] Challenges and Market Conditions - The company’s consumer electronics power supply products are primarily 3C chargers, which are closely tied to the smartphone industry's cyclical nature[158] - In 2023, global smartphone shipments reached the lowest level in a decade, declining by 3.2% year-on-year, with China's market down by 5.0%[163] - The global installed renewable energy capacity in 2023 was nearly 510 GW, with solar systems accounting for 75% of this, totaling over 380 GW, a year-on-year increase of approximately 66%[163]