CDXG(SH:600353)2024-04-12 16:00Financial Performance - The company's operating revenue for 2023 reached ¥1,316,793,737.08, representing a year-on-year increase of 15.38% compared to ¥1,141,241,506.92 in 2022[20] - The net profit attributable to shareholders of the listed company was ¥92,713,177.19, a decrease of 7.39% from ¥100,115,218.93 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥72,349,647.45, down 4.07% from ¥75,415,397.92 in 2022[20] - The total assets of the company at the end of 2023 amounted to ¥2,997,710,819.49, an increase of 8.94% from ¥2,751,630,361.52 in 2022[21] - The net assets attributable to shareholders of the listed company were ¥1,744,907,970.18, reflecting a growth of 5.33% compared to ¥1,656,638,945.04 in the previous year[21] - The company achieved operating revenue of 1,316.79 million RMB, representing a year-on-year growth of 15.38%[30] - The net profit attributable to shareholders decreased by 7.39% to 92.71 million RMB, primarily due to the impact of the associate company Shuhank Technology's decline in sales revenue and profit[30] - Basic earnings per share decreased by 29.82% to 0.1264 RMB per share, attributed to the increase in total share capital due to the capital reserve conversion plan[22] - The weighted average return on equity fell to 5.44%, a decrease of 3.55 percentage points compared to the previous year[22] Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥0.40 per 10 shares, totaling ¥33,245,652.76, which accounts for 35.86% of the net profit attributable to shareholders[4] - The cash flow from operating activities showed a net outflow of ¥12,539,560.23, an improvement from a net outflow of ¥39,006,409.13 in 2022[20] - The company’s cash flow from operating activities was negative at -92.10 million RMB, indicating challenges in cash generation during the reporting period[24] - The net cash flow from operating activities improved to -CNY 12,539,560.23, a significant reduction from -CNY 39,006,409.13 in the previous year[71] Investment and R&D - The company has made significant investments in R&D to drive technological innovation and product value, particularly in the field of new energy and electrical equipment[56] - The company invested $200 million in R&D for new technologies, focusing on sustainability and efficiency improvements[129] - Total R&D investment amounted to ¥88,689,197.53, representing 6.73% of operating revenue, with capitalized R&D accounting for 32.88% of the total[85] - Research and development expenses increased by 9.97% to CNY 59,530,002.93, indicating a stronger focus on new technology and product development[71] Market and Product Development - The military industry segment experienced over 50% growth, contributing more than half of the company's profits[29] - The company successfully resolved key technical issues in aluminum nitride materials, enhancing product quality and production capacity[29] - The company achieved a significant sales revenue of 595.4261 million yuan for vacuum arc extinguishers, representing a year-on-year growth of 12.95%, which is notably higher than the average growth rate in domestic power grid construction[32] - The company has initiated the development of a rapid mechanical switch for an 800kV direct current circuit breaker, with assembly completed and testing currently underway[34] - The company is focusing on the development of vacuum circuit breakers and related products, with an annual production capacity exceeding 1 million units[55] Environmental and Compliance - The company has achieved compliant wastewater discharge with no environmental pollution incidents or disputes during the reporting period[171] - The company has invested in five monitoring devices for self-monitoring of environmental compliance, with all indicators meeting standard discharge requirements[170] - The company has established a comprehensive emergency response plan for environmental incidents, which was approved by experts and filed with local authorities[169] - The company has been recognized as an "Environmental Integrity Enterprise" for three consecutive years, reflecting its commitment to environmental management[167] Governance and Management - The company has committed to enhancing its governance structure to promote sustainable and healthy development[118] - The company has implemented strict internal control measures, with no incidents of insider trading reported during the reporting period[118] - The internal audit department conducted audits on the implementation of internal controls across subsidiaries, ensuring compliance with internal control standards[118] - The company held its annual general meeting on May 5, 2023, where all resolutions were passed, including the financial budget for 2023[122] Future Outlook - The company provided guidance for 2024, expecting revenue to grow by 10% to $1.32 billion[129] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[71] - The company aims for a revenue target of 1.764 billion yuan and a cost of 1.317 billion yuan for 2024[105] - The company is focusing on expanding its market presence, particularly in overseas markets, while consolidating its leading position in the domestic market[105]