SLC(002106)2024-03-29 16:00Financial Performance - The company's operating revenue for 2023 was ¥5,585,850,763.16, a decrease of 9.22% compared to ¥6,153,479,576.37 in 2022[31]. - The net profit attributable to shareholders for 2023 was ¥376,046,719.80, representing an increase of 2.52% from ¥366,803,029.83 in 2022[31]. - The net profit after deducting non-recurring gains and losses was ¥368,608,193.14, up 7.42% from ¥343,136,510.93 in 2022[31]. - The total assets at the end of 2023 were ¥6,706,352,095.67, an increase of 7.35% from ¥6,247,161,649.11 at the end of 2022[31]. - The net assets attributable to shareholders increased by 4.74% to ¥5,213,969,499.89 at the end of 2023 from ¥4,977,805,476.58 at the end of 2022[31]. - The basic earnings per share for 2023 was ¥0.5328, a 2.52% increase from ¥0.5197 in 2022[31]. - The cash flow from operating activities for 2023 was ¥724,655,273.61, a slight decrease of 1.16% from ¥733,187,087.28 in 2022[31]. - The company reported a significant increase in sales revenue for color filters, touch screen panels, and cover glass, totaling CNY 14,668,350, an increase of 27.84%[60]. - The company's total revenue for 2023 was CNY 5,585,850,763.16, a decrease of 9.22% compared to the previous year[59]. - The gross profit margin for electronic components was 14.57%, a decrease of 12.73% compared to the same period last year[59]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 CNY per 10 shares, totaling 176,454,040 CNY based on a total share capital of 705,816,160 shares as of December 31, 2023[8]. - The cash dividend distribution plan was approved at the shareholders' meeting on April 25, 2023, with the cash dividends paid out by June 9, 2023[197]. - The total distributable profit for the company is reported at 974,136,522.28 yuan, with cash dividends representing 100% of the profit distribution[199]. - The company has not proposed any stock dividends for the reporting period, focusing solely on cash dividends[199]. Market Outlook and Competition - The global PC demand is expected to gradually recover in 2024, with a projected single-digit growth in notebook shipments compared to the previous year[20]. - The global notebook computer market is expected to see a modest growth of approximately 3.6% in 2024, with an estimated shipment of 172 million units[113]. - The company anticipates that the AI PC market will create new demand and a replacement wave starting in 2026 as the application ecosystem matures[111]. - The penetration rate of embedded touch display technology in the notebook market is increasing, with a trend towards replacing external touch screens in 2024 and beyond[116]. - The overall demand for ITO conductive glass is expected to remain weak in 2024 due to oversupply in the TFT-LCD market, leading to intensified price competition[110]. - The market for automotive touch screens is increasingly competitive, with a shift towards larger and multi-screen applications, putting pressure on the company's external structure touch screens[112]. Research and Development - The company aims to enhance its R&D efforts to achieve mass production of new products like 3A Coating and new structural capacitive touch screens[21]. - The company is focused on enhancing production efficiency through automation and information systems, aiming to reduce costs and improve product quality[53]. - Research and development expenses decreased by 8.56% to ¥257,252,133.99 compared to the previous year[77]. - The number of R&D personnel decreased by 6.17% to 350, with their proportion in the workforce dropping to 23.04%[79]. - The company has developed proprietary Micro-Electro-Mechanical Display (MED) technology for color electronic paper displays, aiming to become a leader in the notebook and automotive touchscreen markets[184]. Corporate Governance - Corporate governance practices have been strengthened, ensuring compliance with regulatory requirements and improving operational transparency[138]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and managers[144]. - The board of directors consists of four independent directors, accounting for one-third of the total board members, complying with legal and regulatory requirements[141]. - The company has a dedicated internal control system to ensure effective governance and risk management, continuously improving its governance level[147]. - The company has not reported any significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[148]. Strategic Initiatives - The company plans to enhance its production capabilities and efficiency through digital management and automation, aiming for improved yield and operational effectiveness[121]. - The company is actively pursuing new markets and applications for its products, including commercial and dual-use notebooks, to mitigate risks from competitive pressures[124]. - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of 500 million RMB allocated for this purpose[132]. - A new strategic partnership was announced, expected to enhance distribution channels and increase sales by 15%[133]. - The company has implemented a "Quality Improvement" initiative, which is expected to enhance customer satisfaction ratings by 20%[136].