TQCC(SZ:002523)2024-04-12 16:00Financial Performance - The company's operating revenue for 2023 was ¥1,733,430,759.49, representing a 9.27% increase compared to ¥1,586,341,596.36 in 2022[22]. - The net profit attributable to shareholders of the listed company decreased by 8.43% to ¥37,335,456.71 from ¥40,767,730.52 in the previous year[22]. - The net cash flow from operating activities increased by 29.77% to ¥314,292,436.48, up from ¥242,188,274.60 in 2022[22]. - The total assets at the end of 2023 were ¥4,540,976,930.39, a 9.25% increase from ¥4,155,616,778.58 at the end of 2022[22]. - The company reported a basic earnings per share of ¥0.026, down 10.34% from ¥0.029 in 2022[22]. - The company achieved a consolidated revenue of CNY 173,343,000 in 2023, representing a year-on-year increase of 9.27% compared to CNY 158,634,159 in 2022[41]. - The net profit attributable to shareholders was CNY 3,734,000, with continued growth in order intake and cash collection[41]. - The net profit for the year was CNY 29,795,061.19, a decrease of 16.4% compared to CNY 35,859,656.52 in the previous year[64]. - The company reported a cash dividend of 0.15 CNY per 10 shares, totaling 21,249,612 CNY distributed to shareholders, which represents 100% of the distributable profit[138]. - The total distributable profit for the period was 614,950,708.60 CNY, indicating a strong profitability position[138]. Business Strategy and Operations - The company has expanded its main business to include various types of cranes, material handling equipment, and environmental protection equipment, reflecting a diversification strategy[21]. - The company continues to engage in the research, manufacturing, and sales of material handling equipment and related solutions, with no significant changes in its main business[34]. - The company operates under a made-to-order production model, adapting to specific customer needs[35]. - The company is focusing on the development of intelligent, green, and lightweight products in the material handling industry[33]. - The company is focusing on digital technology R&D, transitioning from single equipment manufacturing to providing complete production line solutions[40]. - The company has launched new products, including automated cranes and AGV systems, to strengthen its competitive edge in intelligent manufacturing[45]. - The company is actively pursuing international expansion, with significant orders for its aluminum electrolysis multifunctional units along the Belt and Road Initiative[44]. - The company has seen a positive demand trend in the port unloading machinery sector due to increased construction in thermal power generation[33]. Research and Development - Research and development expenses increased by 14.24% to 97,014,896.88 CNY, representing 5.60% of operating revenue[61]. - The company has invested 100 million yuan in R&D for innovative lifting solutions, aiming to lead in smart manufacturing[115]. - New product development includes the launch of a smart crane technology, expected to increase operational efficiency by 25%[115]. - The company has implemented a comprehensive talent training system to enhance employee capabilities and support rapid business growth[135]. Environmental and Social Responsibility - The company completed the renewal of its pollutant discharge permit in November 2023, valid until November 2028, ensuring compliance with environmental regulations[148]. - The company reported a total of 100% recycling of hazardous solid waste and general solid waste, with no industrial wastewater generated[150]. - The company has implemented a three-stage treatment process for domestic wastewater before discharge, ensuring compliance with environmental standards[150]. - The company received recognition as an Environmental Integrity Unit for 2022 in Zhuzhou City in June 2023[152]. - The company allocated 200,000 yuan to support rural revitalization efforts and actively procured agricultural products from poverty alleviation points[154]. - The company has installed VOCs reduction facilities in hazardous waste pools and adopted solar street lights to reduce carbon emissions[152]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[152]. Governance and Management - The company held its 2022 Annual General Meeting with a participation rate of 33.43% on May 9, 2023, and the first extraordinary general meeting of 2023 with a participation rate of 37.69% on September 15, 2023[104]. - The company completed a board reshuffle, with several directors and supervisors, including Wei Yanjin and Ren Yunlong, leaving due to term expiration on May 9, 2023[107]. - The company appointed new directors and supervisors, including Yang Yu and Cong Xin, effective May 9, 2023[107]. - The company’s board of directors is now led by Chairman Long Jiuwen, who has extensive experience in economic and investment sectors[109]. - The company has established an independent financial accounting system, ensuring the authenticity and accuracy of financial reports, with regular external audits for compliance[101]. - The company has implemented a performance-based remuneration system for its directors and senior management[121]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.10 million yuan[124]. Risks and Challenges - The company does not foresee any significant risks affecting its normal operations, as detailed in the section on future development outlook[4]. - The company faces risks related to overseas project execution, market competition, and accounts receivable management[83][84][85]. - The company emphasizes the importance of internal control systems to ensure legal compliance and protect shareholder rights[95]. - The company has maintained effective internal controls, with no significant deficiencies reported in financial or non-financial reporting[146]. Shareholder Information - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 24.08% of the shares, totaling 341,071,926 shares[197]. - The second-largest shareholder, CRRC Industry Investment Co., Ltd., holds 5.00% of the shares, totaling 70,832,040 shares[197]. - The company reported a total of 40,468 common shareholders at the end of the reporting period[197]. - The report indicates that there were no changes in the shareholding structure of the top ten shareholders during the reporting period[198].