JDM(SH:603088)2024-04-02 16:00Financial Performance - The company's operating revenue for 2023 was RMB 708,587,218.33, representing an increase of 8.94% compared to RMB 650,445,565.75 in 2022[21] - The net profit attributable to shareholders for 2023 was RMB 159,238,705.67, up 11.58% from RMB 142,717,792.99 in 2022[21] - The net profit after deducting non-recurring gains and losses was RMB 147,026,180.63, reflecting a growth of 10.61% from RMB 132,927,649.00 in 2022[21] - The cash flow from operating activities for 2023 was RMB 168,006,334.37, an increase of 10.20% compared to RMB 152,454,984.25 in 2022[21] - The total assets at the end of 2023 amounted to RMB 1,431,611,537.75, a 6.67% increase from RMB 1,342,078,352.72 at the end of 2022[21] - The net assets attributable to shareholders increased to RMB 727,001,099.24, up 13.63% from RMB 639,811,132.19 in 2022[21] - The basic earnings per share for 2023 was RMB 0.36, a 9.09% increase from RMB 0.33 in 2022[22] - The diluted earnings per share also stood at RMB 0.36, reflecting the same growth of 9.09% compared to 2022[22] - The weighted average return on equity for 2023 was 24.01%, a slight decrease of 0.47 percentage points from 24.48% in 2022[22] Revenue Breakdown - The company achieved operating revenue of 709 million RMB in 2023, representing a year-on-year growth of 8.94%[30] - The revenue from precision pressure machines was CNY 307.42 million, a year-on-year increase of 9.81%[48] - Revenue from microchannel equipment and others surged to CNY 120.63 million, marking an impressive growth of 81.14%[48] - Revenue from air conditioning heat exchangers decreased to CNY 264.72 million, down 7.98% year-on-year[48] - The sales revenue of microchannel products grew by 81.14%, while sales of heat exchangers decreased by 7.98%[30] Market Position and Strategy - The company is transitioning from a single equipment manufacturer to a provider of customized equipment, molds, automation equipment, software, and digital services[30] - The company maintained a leading market share in traditional heat exchanger equipment while expanding into new markets[30] - The company is focusing on innovation-driven strategies, enhancing its core competitiveness through increased investment in precision machining equipment[32] - The global automotive industry is experiencing robust growth, driving significant demand for automotive thermal management equipment, which the company is well-positioned to capitalize on[39] - The company is actively expanding its market presence in advanced forming technology and equipment, laying a solid foundation for future business growth[35] Research and Development - R&D expenses increased by 28.57% to CNY 33.91 million, driven by higher personnel costs and material expenses[49] - The company holds 174 patents, including 35 invention patents, enhancing its technological competitiveness[44] - The company is focusing on expanding into new markets, including the cold chain and new energy vehicle sectors, and has already secured several key clients in these areas[98] Cash Flow and Investments - The net cash flow from operating activities increased by 10.20% to ¥168,006,334.37 compared to ¥152,454,984.25 in the previous year[63] - The net cash flow from investing activities decreased significantly by 182.99% to -¥54,316,811.24 from ¥65,453,162.11 due to reduced funds from bank wealth management[63] - The total amount of trading financial assets increased to ¥140,637,255.09 from ¥24,214,434.07, marking a significant growth[76] Corporate Governance - The company has implemented measures to improve management efficiency, including lean production and process optimization, to enhance sales growth and achieve its goals[94] - The company strictly adheres to legal and regulatory requirements for information disclosure, ensuring timely and accurate reporting[109] - The company has established a detailed insider information registration management system to ensure compliance and transparency[109] Shareholder Information - The company plans to distribute a cash dividend of RMB 2.90 per 10 shares, totaling RMB 126,990,141.6 to shareholders[4] - The total remuneration for the board members during the reporting period includes 67.31 million for one member and 215.21 million for another[113] - The total number of ordinary shareholders increased to 23,563 by the end of the reporting period, compared to 23,334 at the end of the previous month[189] Risks and Challenges - The company faces risks related to the fluctuation of raw material prices and increasing labor costs, which may lead to a decline in gross profit margins[97] - The company is at risk of contract fulfillment issues due to increasing customer demands for customization and shorter delivery times[100] - The company is exposed to foreign exchange risks as its overseas sales revenue grows rapidly, which could impact its financial performance[102]