Financial Performance - For the year ended December 31, 2023, the Group's revenue amounted to approximately RMB2,065.5 million, representing a decrease of approximately RMB56.8 million or approximately 2.7% compared to the same period in 2022[8]. - The Group's gross profit for the year was approximately RMB318.6 million, a decrease of approximately RMB249.9 million or approximately 44.0% compared to the same period in 2022[15]. - The profit attributable to owners of the parent for the year was approximately RMB29.1 million, a decrease of approximately RMB212.9 million or approximately 87.5% compared to the same period in 2022[9]. - The basic and diluted earnings per share attributable to ordinary equity holders of the parent was RMB0.03, a decrease of RMB0.21 or approximately 87.5% compared to the same period in 2022[9]. - The Group's net profit for the year was approximately RMB45.2 million, a decrease of approximately RMB209.0 million or approximately 82.2% compared to the same period in 2022[16]. - The total dividends for the year, assuming the final dividend is approved, will amount to RMB0.067 per ordinary share[17]. - The Group's performance reflects challenges in the market, impacting both revenue and profit margins significantly[8][15]. - The decline in gross profit and net profit indicates a need for operational adjustments and potential cost management strategies moving forward[15][16]. Segment Performance - The battery materials segment reported a sales volume of 44,700 tonnes, with a gross profit margin of -14.6%[36]. - The dye and agricultural chemical intermediates segment generated revenue of RMB 1,189.9 million, with a gross profit margin of 20.9%[36]. - The pigment intermediates and new materials segment achieved revenue of RMB 376.0 million, with a gross profit margin of 37.9%[36]. - In 2023, the revenue from the battery materials segment decreased by approximately 27.7% to approximately RMB498.6 million, accounting for approximately 24.1% of the Group's total revenue[93]. - Revenue from dye and agricultural chemical intermediates increased by approximately 11.0% to approximately RMB1,290.4 million, accounting for approximately 57.6% of the Group's total revenue[78]. - The revenue from dye intermediate products increased by approximately 38.0% to approximately RMB529.1 million, accounting for approximately 25.6% of the Group's total revenue[75]. - The revenue from pigment intermediates and new materials increased by approximately 4.5% to approximately RMB377.0 million, accounting for approximately 18.3% of the Group's total revenue[80]. Strategic Initiatives - The company is focusing on strategic initiatives to enhance market presence and product offerings in the upcoming fiscal year[8]. - The Group continues to optimize production processes for iron phosphate battery materials and new material polymerized monomer BPDA to improve quality and reduce costs[27]. - The Group's diversified development strategies aim to safeguard sustainable growth amidst market changes and competition[21]. - The Group is focusing on investment in research and development of new processes and products, successfully developing recycling technology for lithium iron phosphate in 2023[55]. - The company plans to maintain a steady financial strategy and continue focusing on research and development to enhance overall competitiveness[84]. Capital and Investment - The Group successfully introduced ten independent investors, raising a total of RMB 229 million for Shandong Caike New Materials Group[33]. - The Group is preparing for the independent listing of Shandong Caike New Materials Group on a recognized stock exchange in China to enhance capital market visibility[33]. - In 2023, net cash outflows used in investing activities amounted to approximately RMB134.0 million, a decrease of approximately RMB151.2 million compared to RMB285.2 million in 2022[163]. - Net cash inflows from operating activities in 2023 were approximately RMB46.2 million, representing a decrease of approximately RMB325.3 million from RMB371.5 million in 2022, mainly due to a decrease in operating profit[178]. Employee and Workplace Practices - The total number of employees in 2023 is 1,999, with a gender distribution of 71% male (1,415) and 29% female (584)[144]. - The average training time for male employees increased to 25 hours in 2023, while female employees received an average of 21 hours of training[150]. - The proportion of employees trained in 2023 was 76% for males and 24% for females[150]. - The group has implemented a competitive and fair compensation and welfare system, regularly conducting salary surveys to adjust pay scales accordingly[155]. - The group emphasizes the use of environmentally friendly packaging materials to reduce the impact on health and the environment[139]. - The group has established clear dismissal standards and processes to protect employee rights and prevent arbitrary dismissals[141]. - The group has a performance bonus and reward plan to recognize employees who make outstanding contributions to the business[159]. - The group has a training needs assessment process to formulate annual, quarterly, and monthly training plans based on departmental requirements[160]. - The group has a strict prohibition against child and forced labor, promoting equality and anti-discrimination in the workplace[156]. Environmental and Social Responsibility - The Environment, Social, and Governance (ESG) report was presented, showcasing the company's commitment to sustainable practices[197]. - The total water consumption increased to 1,415,417 cubic meters in 2023, compared to 868,929 cubic meters in 2022[128]. - The wastewater quantity increased to 660,772 cubic meters in 2023, up from 355,896 cubic meters in 2022[131]. - The average selling price of the group's products decreased in 2023, leading to an increase in the density of hazardous waste disposal[138]. - The company donated a total of RMB50,000 to the Charity Federation of Hekou District to support rural revitalization and charitable education projects[186]. Compliance and Safety - The company reported a total workforce with no significant non-compliance issues during the reporting period[1]. - There were no work-related fatalities reported in the past three years, reflecting strong safety management practices[1]. - The company adhered to relevant laws and regulations, ensuring compliance in health and safety matters[1]. - Occupational health and safety measures were described, highlighting their implementation and monitoring[1]. - Safety knowledge contests were organized to promote awareness and engagement in workplace safety[196].
彩客新能源(01986) - 2023 - 年度财报