JADARD TECHNOLOGY INC.(SH:688252)2024-04-01 16:00Financial Performance - The company plans to distribute a cash dividend of RMB 0.56 per 10 shares, totaling approximately RMB 22.72 million (including tax) for the 2023 fiscal year[6]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2023 was CNY 1,208,884,833.44, representing a 0.88% increase compared to CNY 1,198,312,355.25 in 2022[21]. - The net profit attributable to shareholders for 2023 decreased by 13.06% to CNY 112,835,159.59 from CNY 129,784,761.01 in 2022[21]. - The basic earnings per share for 2023 was CNY 0.28, down 20.00% from CNY 0.35 in 2022[22]. - The diluted earnings per share decreased by 22.86% to CNY 0.27 in 2023 from CNY 0.35 in 2022[22]. - The weighted average return on equity for 2023 was 5.99%, down from 11.34% in 2022, a decrease of 5.35 percentage points[22]. - The company achieved quarterly revenues of CNY 236.39 million, CNY 266.08 million, CNY 323.86 million, and CNY 382.56 million throughout 2023[25]. - The gross profit margin declined due to intense price competition and weak demand in the consumer electronics market[23]. - The company reported a total revenue of 23,270.40 million RMB, with a net profit of 13,486.57 million RMB, indicating a strong financial performance[80]. Research and Development - The R&D expenditure accounted for 11.90% of operating revenue, a slight decrease of 0.59 percentage points from 12.49% in 2022[22]. - Research and development expenses amounted to CNY 144 million, with a total of 210 authorized patents, a year-on-year increase of 31%[33]. - The company is focusing on R&D for high-resolution industrial control solutions, compatible with LVDS/MIPI/RGB interfaces, to meet the growing demand in the industrial sector[76]. - The R&D focus includes the development of high-refresh-rate display driver chips, with expected improvements in refresh rates and temperature performance across various products[79]. - The company has a total of 234 intellectual property applications, with 47 granted in the current year alone[71]. - The company has 183 R&D personnel, accounting for 74.39% of the total workforce, with an average salary of 57.17 thousand[82]. Market and Product Development - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing R&D efforts[21]. - The company shipped 590,455,900 units, representing a year-on-year increase of 62.46%[32]. - Revenue from display driver chips was CNY 992.09 million, a year-on-year increase of 6.78%, accounting for 82.98% of main business revenue[32]. - The company launched several new products, including full HD display touch products and high-resolution wearable products[33]. - The company has developed multiple driver IC products for OIS camera technology, positioning itself competitively in the growing OIS market[41]. - The company is committed to developing energy-efficient solutions, with a focus on reducing power consumption across its product lines, thereby enhancing sustainability[77]. Corporate Governance - The company has not violated decision-making procedures for external guarantees[9]. - The company has no special arrangements for corporate governance[9]. - The company has established a strict supplier management system to ensure compliance with product and service requirements[46]. - The company has held 2 shareholder meetings, 7 board meetings, and 7 supervisory meetings during the reporting period, ensuring compliance with governance regulations[139]. - The company has established a modern corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring professional and efficient decision-making[192]. Risks and Challenges - The company has disclosed potential risks in the "Management Discussion and Analysis" section, specifically in the "Risk Factors" part[4]. - The company faces risks related to technological innovation and the timely development of new products to meet market demands[87]. - The company is exposed to macroeconomic risks that could impact product sales and demand in the semiconductor industry[99]. - The company has a significant risk of inventory depreciation due to market demand fluctuations and product iterations[95]. Strategic Initiatives - The company plans to focus on expanding its chip sales and research capabilities in the upcoming year[132]. - The company aims to strengthen its supply chain relationships and establish a diversified supply chain system to ensure production capacity and quality control[134]. - The company plans to enhance its brand image through high-quality products and services while expanding its sales channels[134]. - The company is expected to engage in routine related party transactions for the year 2024[166]. Employee and Compensation - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 11.62 million RMB[158]. - The company has established a comprehensive salary management system to attract and retain talent, enhancing employee cohesion and competitiveness[172]. - The company has a total of 247 employees, with 84 in the parent company and 163 in major subsidiaries[171]. - The company has a total of 180 technical personnel, highlighting its emphasis on technical expertise[171]. Environmental and Social Responsibility - The company has not received any administrative penalties related to environmental issues during the reporting period[194]. - The company has not established any environmental protection mechanisms and did not invest in environmental protection funds during the reporting period[193]. - The company has not taken any measures to reduce carbon emissions during the reporting period[196]. - The company has not engaged in any charitable activities or made donations during the reporting period[197].