NEW JCM(SZ:300157)2024-04-02 16:00Financial Performance - The company achieved operating revenue of 656.58 million yuan, an increase of 41.56% compared to the same period last year[4]. - The net profit attributable to the parent company was a loss of 174.77 million yuan, which is an increase in loss of 66.75 million yuan year-on-year[4]. - The company's operating revenue for 2023 was ¥656,580,138.26, representing a 41.56% increase compared to ¥463,803,291.69 in 2022[27]. - The net loss attributable to shareholders for 2023 was ¥174,773,947.86, a 61.78% increase in loss from ¥108,028,946.59 in 2022[27]. - The net cash flow from operating activities for 2023 was -¥15,443,959.95, a significant decline of 116.44% from ¥93,914,841.56 in 2022[27]. - The total assets at the end of 2023 were ¥1,934,336,902.15, down 13.56% from ¥2,236,781,182.75 at the end of 2022[27]. - The net assets attributable to shareholders decreased by 37.72% to ¥146,359,972.22 in 2023 from ¥235,018,210.50 in 2022[27]. - The basic and diluted earnings per share for 2023 were both -¥0.25, a decrease of 56.25% from -¥0.16 in 2022[27]. - The company reported a quarterly operating revenue of ¥204,934,728.76 in Q1 2023, which decreased to ¥115,837,069.65 by Q4 2023[31]. - The net profit attributable to shareholders for Q4 2023 was -¥82,769,570.21, showing a worsening trend throughout the year[31]. Debt Management - The company reduced its overdue debt costs by over 30 million yuan compared to the previous year[6]. - The company is actively seeking new financing channels to alleviate short-term repayment pressures[6]. - The company reported a total debt repayment agreement with Changcheng Asset Management, resolving part of its debt obligations[192]. - The company has received a total of RMB 592.12 million in loans from its controlling shareholder, Shuoshen Technology, with an interest rate of 4.35%[197]. - As of the reporting period, the principal amount of loans provided by Shuoshen Technology to the company is RMB 27,300 million, with RMB 1,243.50 million in payable perpetual bond dividends[197]. - The company plans to convert RMB 9,000 million of the principal amount of loans into perpetual bonds to enhance its risk resistance and reduce the debt-to-asset ratio[197]. Strategic Focus and Market Expansion - The company plans to focus on high-end equipment manufacturing and energy services, leveraging its technological advantages[5]. - The company aims to expand its market presence both domestically and internationally, particularly in the green chemical sector[5]. - The company is positioned in the high-end equipment manufacturing and comprehensive services sector, focusing on centrifugal compressors and industrial drive turbines, with applications in various energy sectors[39]. - The company aims to leverage its technological advantages and product reputation to expand its presence in the global market, particularly in high-end segments traditionally dominated by foreign brands[43]. - The company is focusing on green manufacturing and low-carbon production strategies to align with national policies and market demands, enhancing its competitive edge[41]. - The company is expanding its market presence, particularly in emerging markets along the "Belt and Road" initiative, leveraging its international team and marketing capabilities[51]. Research and Development - The company has a strong focus on R&D and innovation in turbine machinery, maintaining a leading position in the industry through continuous technological upgrades[54]. - The company is currently developing a methanol synthesis gas and circulating gas project aimed at reducing energy consumption and improving production efficiency[80]. - The number of R&D personnel increased by 19.46% from 149 in 2022 to 178 in 2023, with the proportion of R&D personnel rising from 16.00% to 19.04%[83]. - R&D investment amounted to ¥29,257,406.85 in 2023, representing 4.46% of operating revenue, a slight decrease from 4.65% in 2022[83]. - The company is exploring advanced information technologies, such as cloud computing and big data, to support its overseas exploration planning and enhance user experience[82]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[126]. - The company maintains independence from its controlling shareholders in terms of personnel, assets, finance, organization, and business operations, ensuring autonomous management capabilities[128]. - The company has a dedicated audit committee, nomination committee, compensation and assessment committee, and strategy committee to enhance governance and operational efficiency[126]. - The company emphasizes investor relations management, providing multiple channels for investor inquiries to protect the rights of shareholders, especially minority investors[127]. - The company has established measures to manage accounts receivable risks, including the creation of a customer credit system and optimizing financial structures[119]. Employee Management and Compensation - The total number of employees at the end of the reporting period is 935, with 1,063 employees receiving salaries during the period[158]. - The company has implemented a restricted stock incentive plan for 2023, which was discussed and approved by the Compensation and Assessment Committee[154]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 4.8754 million CNY[148]. - The company emphasizes the importance of aligning remuneration with performance and market conditions[147]. - The company has implemented various training programs to enhance employee skills, including technical training and English language courses[160]. Environmental and Social Responsibility - The company is committed to sustainable development, aligning with national policies to promote green manufacturing and reduce carbon emissions, which is crucial for market recognition[47]. - The company actively integrates environmental protection and social responsibility into its development strategy, aiming for sustainable growth[177]. - No administrative penalties were reported due to environmental issues during the reporting period[177]. Legal and Compliance Issues - The company is involved in multiple legal disputes, with a cumulative amount involved in litigation reaching 7,518 million[192]. - The company has not reported any significant accounting policy changes or errors during the reporting period[186]. - The company has not engaged in any illegal occupation of funds or assets by related parties during the reporting period[182].