Smarter Energy(SH:600869)2024-04-09 16:00Investment and Expansion Plans - The company plans to invest approximately 6 billion yuan in the construction of the Far East Intelligent Industrial Park, which will produce around 215,000 kilometers of various specialized cables and 50,000 tons of high-precision copper foil annually[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]. - The company completed the acquisition of 100% equity in Jiangxi Far East Battery Co., Ltd. for a total consideration of RMB 780 million, issuing 102,902,374 shares as part of the transaction[181]. Financial Performance - Total operating revenue for 2023 reached RMB 24,464,752,725.53, an increase of 12.99% compared to RMB 21,679,650,109.19 in 2022[79]. - Total operating costs for 2023 were RMB 24,047,503,477.58, up from RMB 21,083,565,150.07 in 2022, reflecting a growth of 13.93%[79]. - Operating profit for 2023 decreased to RMB 410,628,095.28 from RMB 616,773,437.28 in 2022, representing a decline of 33.39%[79]. - Basic earnings per share for 2023 were RMB 0.1440, down from RMB 0.2487 in 2022, indicating a decrease of 42.00%[80]. - The company reported a net comprehensive income of RMB 375,139,925.50 for 2023, down from RMB 837,465,928.30 in 2022, a decrease of 55.19%[81]. - The net profit for 2023 was ¥300,118,315.50, a decrease of about 48.3% from ¥579,251,462.07 in the previous year[111]. - The total comprehensive income for 2023 was ¥299,995,449.77, compared to ¥578,962,039.84 in 2022, showing a decrease of approximately 48.3%[111]. Shareholder Information - The largest shareholder, Far East Holding Group Co., Ltd., holds 1,058,453,851 shares, representing 47.69% of the total shares, with 44 million shares frozen[35]. - The company reported a total of 64,327 common shareholders as of the end of the reporting period, an increase from 63,348 the previous month[58]. - The company has not engaged in any share repurchase activities during the reporting period[65]. - The company plans to distribute a cash dividend of RMB 0.70 per 10 shares, totaling RMB 155,354,692.22, which represents 48.60% of the net profit attributable to ordinary shareholders in the consolidated financial statements[126]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 12,153,000,000, an increase from RMB 11,000,000,000 in 2022[77]. - Total guarantees provided by the company amounted to ¥1,034,699.39 million, which represents 221.78% of the company's net assets[48]. - The total amount of guarantees provided to subsidiaries during the reporting period was ¥428,132.46 million, with a year-end balance of ¥1,022,154.39 million[48]. - The total owner's equity at the end of the period is 5,874,483,854.00, compared to 5,037,017,925.70 at the end of the previous year, reflecting an increase of approximately 16.6%[179]. Employee and Organizational Development - The company employed a total of 8,568 staff, including 1,179 in the parent company and 7,389 in major subsidiaries[152]. - The company has established a competitive compensation structure to attract and retain talent in the industry[155]. - The company conducted 1,019 organizational learning projects in 2023, with a total of 59,016 participants and an average satisfaction rate of 95.38%[156]. - The company has implemented a systematic training program for new employees, following the "721" rule, which includes 70% job rotation, 20% mentoring, and 10% knowledge training[156]. Compliance and Governance - The company has established a comprehensive ethical behavior monitoring system to ensure fair treatment of customers and suppliers, promoting a culture of integrity[6]. - The company has not faced any significant litigation or arbitration matters during the reporting period[20]. - The company has maintained effective internal controls with no significant deficiencies reported as of December 31, 2023[171]. - The company’s financial statements comply with accounting standards, accurately reflecting its financial position as of December 31, 2023[165]. Research and Development - Research and development expenses for 2023 totaled RMB 713,308,599.08, an increase from RMB 664,998,307.25 in 2022, reflecting a growth of 7.25%[79]. - The company continues to invest in innovation[112]. - The Digital Intelligence Academy aims to enhance employees' digital capabilities and responsiveness to external environments, aligning with the company's digital transformation strategy[156]. Risk Management - The company has not encountered any risks that would lead to delisting warnings[40]. - The company reported no significant risks identified by the supervisory board during the reporting period[151].