晶盛机电(300316) - 2023 Q4 - 年度财报

Financial Performance - The report period covers from January 1, 2023, to December 31, 2023, indicating a full year of financial performance [5]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2023, representing a year-over-year growth of 25% [8]. - The company's operating revenue for 2023 reached ¥17,983,185,712.27, representing a 69.04% increase compared to ¥10,638,310,339.72 in 2022 [14]. - Net profit attributable to shareholders was ¥4,557,514,076.03, up 55.85% from ¥2,923,646,426.73 in the previous year [14]. - Basic and diluted earnings per share were both ¥3.49, representing a 54.42% increase from ¥2.26 in the previous year [14]. - The gross margin for the year was reported at 35%, an increase from 30% in the previous year, indicating improved operational efficiency [8]. - The company achieved a revenue of 1,798,318.57 million yuan in 2023, representing a year-on-year growth of 69.04% [38]. - Revenue from equipment and services reached 1,281,167.84 million yuan, up 51.29% year-on-year, while materials business revenue surged to 416,264.48 million yuan, a growth of 186.15% [38]. Cash Flow and Assets - The net cash flow from operating activities was ¥3,087,793,255.29, a significant increase of 135.08% compared to ¥1,313,510,158.47 in 2022 [14]. - Total assets at the end of 2023 amounted to ¥36,808,359,204.06, a 27.41% increase from ¥28,886,657,776.01 at the end of 2022 [14]. - Cash and cash equivalents at year-end totaled ¥4,005,464,686.50, accounting for 10.88% of total assets, a decrease from 12.15% in 2022 [78]. - Accounts receivable decreased to ¥2,289,029,018.22, representing 6.22% of total assets, down from 8.78% in the previous year [78]. - Inventory increased to ¥15,512,825,247.46, accounting for 42.14% of total assets, a slight decrease from 42.89% in the previous year [79]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 1,307,359,813 shares [2]. - The distributable profit for 2023 is reported at 8,536,669,654.13 yuan, after deducting the cash dividends of 588,922,245.45 yuan from the net profit of 5,695,231,762.54 yuan [134]. - The company has no plans for cash dividend adjustments, maintaining a consistent dividend policy [133]. Market and Industry Outlook - The company acknowledges risks including industry volatility, market competition, and technology development, which may impact future performance [1]. - The global semiconductor market sales in 2023 totaled USD 52.68 billion, a decrease of 8.2% from USD 57.41 billion in 2022, with expectations for recovery in 2024 [23]. - The semiconductor industry is expected to rebound in the second half of 2023, with growth anticipated in 2024 due to ongoing demand in renewable energy and electric vehicles [93]. Research and Development - The company plans to invest 100 million RMB in R&D for new technologies in the upcoming year, focusing on improving product quality and reducing production costs [8]. - The company invested CNY 1,145.40 million in R&D during the reporting period, representing a year-on-year increase of 43.83% [41]. - The number of R&D personnel increased to 1,678 in 2023, a growth of 23.93% compared to 1,354 in 2022 [74]. - The company has established a comprehensive R&D control system, ensuring sustainable innovation through talent cultivation and recruitment [100]. Strategic Initiatives - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% driven by new product launches and market expansion strategies [8]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years [8]. - The company has established several subsidiaries to expand its operational scale, including Jingcheng Chuangxin and Ningxia Jingyu [92]. Governance and Compliance - The company has a strong governance structure, adhering to legal and regulatory requirements, with no reported violations during the reporting period [105]. - The company has not reported any penalties from securities regulatory agencies for directors, supervisors, and senior management in the past three years [118]. - The company has fulfilled all commitments made to shareholders on time [149]. Employee and Talent Management - The company has a strong R&D and management team, with 41 individuals holding doctoral degrees and 474 with master's degrees, supporting continuous technological and product innovation [46]. - The company has implemented a fair performance evaluation mechanism to ensure competitive compensation for employees [130]. - The total remuneration paid to directors, supervisors, and senior management in 2023 amounted to 21.1271 million yuan [119]. Environmental Commitment - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next five years through innovative manufacturing processes [8]. - The company did not face any administrative penalties due to environmental issues during the reporting period [145].