博云新材(002297) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 591,057,966.96, representing a 6.04% increase compared to CNY 557,416,594.58 in 2022[19]. - The net profit attributable to shareholders for 2023 was CNY 29,275,440.07, which is a 22.24% increase from CNY 23,949,127.10 in 2022[19]. - The basic earnings per share for 2023 was CNY 0.0511, up 22.25% from CNY 0.0418 in 2022[19]. - The total assets at the end of 2023 were CNY 2,858,765,260.94, reflecting a 6.43% increase from CNY 2,685,958,277.62 at the end of 2022[19]. - The company reported a total profit of 28,057,350.00 in 2023, an increase of 22.5% compared to 22,946,207.97 in 2022[25]. - The company’s total revenue for 2023 reached approximately ¥567.28 million, reflecting a year-on-year increase of 6.02%[46]. - The gross profit margin for the aerospace and civilian carbon/carbon composite materials segment was 41.74%, up by 1.84% compared to the previous year[46]. - The revenue from aerospace and civilian carbon/carbon composite materials was ¥242,527,448.96, accounting for 41.03% of total revenue, with a growth of 3.39% compared to the previous year[43]. - Revenue from powder metallurgy (hard alloy) reached ¥324,751,514.49, representing 54.95% of total revenue, with an increase of 8.07% year-on-year[43]. Cash Flow and Investments - The net cash flow from operating activities for 2023 was CNY 14,324,899.54, a decrease of 66.95% compared to CNY 43,349,602.06 in 2022[19]. - The company experienced a significant decline in cash flow in Q2 2023, with a net cash flow from operating activities of -CNY 50,065,809.38[24]. - Investment cash inflow dropped by 84.88% to ¥32,964,106.34, attributed to the absence of financial product redemptions this period[59]. - Financing cash inflow surged by 360.94% to ¥230,469,050.00, mainly due to increased borrowings by the subsidiary[60]. - The company reported a net cash outflow of ¥83,116,979.90, a decrease of 583.94% compared to the previous year[60]. - The total amount of funds raised by the company through non-public issuance of shares is RMB 63,109.66 million, with a net amount of RMB 62,615.98 million after deducting related expenses[71]. Research and Development - The company received 26 patent authorizations in 2023, including 12 invention patents, marking a 71% increase in invention patents compared to the previous year[39]. - The company is advancing several R&D projects, including the optimization of carbon brake components for aircraft, which is expected to enhance market expansion and economic benefits[55]. - The company's R&D expenses rose to ¥47.09 million, marking an increase of 11.79% from the previous year[54]. - The company’s R&D investment increased by 23.22% to ¥79,538,536.67 in 2023, representing 13.46% of total revenue, up from 11.58% in 2022[56]. - The number of R&D personnel rose by 5.69% to 130, with the proportion of R&D staff in the total workforce increasing to 15.49%[56]. Market and Industry Trends - The aerospace industry in China is experiencing a positive development trend, with the passenger transport volume recovering to near 2019 levels[29]. - The demand for high-performance hard alloys is expected to remain high due to the rapid expansion of the new energy vehicle market[29]. - The global passenger demand is projected to grow at an annual rate of 3.7% over the next 20 years, with the Asia-Pacific market accounting for over 40% of global demand[81]. - The company aims to enhance its market share in the aerospace sector while expanding into the civil aviation market[86]. Corporate Governance and Compliance - The company has established a transparent and fair performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[94]. - The company has implemented an internal audit system to oversee financial management and internal control execution, enhancing operational effectiveness[95]. - The company emphasizes maintaining the legitimate rights and interests of stakeholders and aims for balanced cooperation among shareholders, employees, and society[96]. - The company adheres to strict information disclosure practices, ensuring that all shareholders have equal access to information[96]. - The company has maintained compliance with relevant disclosure procedures regarding fundraising activities[74]. Employee and Management Structure - The total number of employees at the end of the reporting period is 839, with 260 in the parent company and 579 in major subsidiaries[122]. - The professional composition includes 371 production personnel, 28 sales personnel, 136 technical personnel, 29 financial personnel, and 275 administrative personnel[123]. - The educational background of employees shows 4 with doctoral degrees, 77 with master's degrees, 260 with bachelor's degrees, and 498 with associate degrees or below[123]. - The company emphasizes employee training and has established training plans to enhance professional knowledge and skills[125]. Risks and Challenges - The company has indicated potential risks in its future operations, which are detailed in the management discussion section of the report[4]. - The company faces operational management risks as it scales up production capacity and must adapt its management systems accordingly[86]. - The company faces human resource pressure due to increasing demand for professional technical personnel as new projects and products are developed, alongside rising labor costs impacting operational expenses[87]. Shareholder Information - The annual shareholders' meeting was held on June 30, 2023, with a participation rate of 31.26%[100]. - The largest shareholder, Central South University Powder Metallurgy Engineering Research Center, holds 12.65% of the shares, totaling 72,472,129 shares[176]. - The company’s controlling shareholder is a local state-owned entity, specifically the Central South University Powder Metallurgy Engineering Research Center[178]. - The audit opinion for the financial statements is a standard unqualified opinion, issued by Lixin Certified Public Accountants on March 31, 2024[187].