NATA OPTO-ELECT(SZ:300346)2024-04-09 16:00Financial Performance - The company implemented a cash dividend of 27.1854 million yuan in the first half of 2023, accounting for 17.86% of the net profit attributable to shareholders[1]. - The proposed cash dividend for 2023 is 19.0198 million yuan, which, if approved, will result in a total cash dividend of 46.2052 million yuan, representing 21.85% of the net profit attributable to shareholders[1]. - Total operating revenue for 2023 reached 1,703,257,727.12 yuan, an increase of 7.72% compared to 1,581,230,691.98 yuan in 2022[5]. - Net profit attributable to shareholders for 2023 was ¥211,460,651.59, up 13.26% from ¥186,710,555.02 in the previous year[49]. - The basic earnings per share for 2023 was ¥0.39, a 14.71% increase compared to ¥0.34 in 2022[49]. - The company's cash flow from operating activities for 2023 was ¥125,886,271.22, slightly up by 0.23% from ¥125,603,101.25 in 2022[49]. - The company achieved operating revenue of 1,703.26 million yuan, a year-on-year increase of 7.72%[126]. - The precursor business sales exceeded 100 million yuan for the first time, marking a significant growth in performance[126]. - The hydrogen specialty gas segment saw sales growth of over 40% year-on-year, driven by new applications in the photovoltaic market[145]. Sales and Revenue Breakdown - Sales volume of semiconductor materials in 2023 was 9,822,738.81 kg, reflecting a year-on-year increase of 2.45% from 9,587,746.97 kg in 2022[2]. - Revenue from precursor materials (including MO source) was 339,531,941.00 yuan, accounting for 19.93% of total operating revenue, with a year-on-year increase of 17.86%[5]. - Revenue from specialty gas products was 1,231,409,259.83 yuan, representing 72.30% of total operating revenue, with a year-on-year increase of 3.04%[5]. - Domestic sales accounted for 91.48% of total revenue, amounting to 1,558,146,917.83 yuan, which is a 10.70% increase from the previous year[5]. - Export sales decreased by 16.47% to 145,110,809.29 yuan, down from 173,730,757.55 yuan in 2022[5]. - The company achieved a revenue of ¥1,648,411,784.83 in semiconductor materials, with a gross margin of 43.38%, reflecting a year-on-year revenue increase of 10.72%[151]. - The precursor materials segment generated revenue of ¥339,531,941.00, with a gross margin of 39.90%, showing a year-on-year revenue increase of 17.86%[152]. - Domestic sales accounted for ¥1,504,029,121.50, with a gross margin of 42.98%, and a year-on-year revenue increase of 14.31%[152]. Market and Industry Insights - The company operates in the advanced electronic materials sector, focusing on semiconductor materials, which is experiencing steady growth in the global market[55]. - The semiconductor materials market in China reached a scale of $12.97 billion in 2022, with a year-on-year growth of 7.35% and a compound annual growth rate (CAGR) of 11.36% from 2016 to 2022, outpacing global growth rates[79]. - The global semiconductor materials market size was $72.69 billion in 2022, showing a year-on-year increase of 8.86% and a CAGR of 9.22% from 2016 to 2022, indicating robust growth trends[104]. - The company is positioned to benefit from national policies encouraging the localization of semiconductor materials, which is expected to accelerate the domestic production process[80]. - The company focuses on advanced precursor materials, electronic specialty gases, and photolithography materials, which are essential for semiconductor wafer manufacturing, accounting for over 25% of the materials needed[103]. Research and Development - The company is investing heavily in R&D, with a budget increase of 15% to 300 million RMB for new technologies[44]. - The company has developed 295 patents, including 154 invention patents and 141 utility model patents, enhancing its competitive edge[141]. - The company is committed to technological innovation and has implemented a structured management approach for new product development, collaborating with universities and research institutions[122]. - The company is focusing on the industrialization of photoresist and has successfully launched new products that passed key customer validations[146]. Strategic Initiatives - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential deals[44]. - Market expansion plans include entering two new international markets, aiming for a 10% market share within the first year[44]. - The company has established partnerships with key industry players to enhance supply chain efficiency, aiming for a 20% reduction in costs[44]. - The company is committed to sustainability, with plans to reduce carbon emissions by 30% over the next five years[44]. - The company is focusing on enhancing safety and quality management, emphasizing a "safety first, quality foremost" philosophy[147]. Shareholder and Financial Management - The company is committed to shareholder returns, sharing operational results with stakeholders[149]. - The company approved the conclusion of two fundraising projects, reallocating a total of RMB 256.27 million for new projects and working capital[163]. - The company’s cash dividends payable for the current period amounted to CNY 65,244,549.45, compared to CNY 20,912,836.55 in the previous period[190]. - The company’s total share capital decreased from 543,702,550 shares to 543,423,716 shares due to the repurchase and cancellation of 283,400 restricted shares[170].