FENGHUA(SZ:000636)2024-04-15 11:17Investment and Fundraising - The total investment amount for the reporting period was ¥1,084,548,260.14, a decrease of 13.54% compared to the previous year's investment of ¥1,254,346,505.23[1] - The company raised a total of ¥499,999.99 million through a non-public stock issuance, with a net amount of ¥497,123.15 million after deducting related expenses[7] - As of December 31, 2023, the cumulative investment in fundraising projects amounted to ¥321,035.89 million, with a remaining balance of ¥190,736.81 million in the fundraising account[7] - The total amount of unused raised funds is ¥190,736.81 million, which will continue to be allocated to fundraising project construction[7] - The company plans to continue using the raised funds for project construction as originally intended, with no changes in the use of funds reported[8] - The company raised funds amounting to ¥2,494,077,337.71 for replacing previously invested projects and ¥3,316,780.08 for replacing paid issuance expenses, complying with regulatory requirements[14] Project Performance - The project "Xianghe Industrial Park High-end Capacitor Base" has an adjusted total investment of ¥397,698.52 million, with a completion progress of 66.98% expected by 2026[8] - The company reported a loss of ¥4,889.53 million for the "Xianghe Industrial Park High-end Capacitor Base" project, indicating it has not yet reached the expected benefits[8] - The company has adjusted the construction period of the "Xianghe Industrial Park" project, extending it by two years to 2024 due to market demand and industry trends[8] Financial Performance - The company reported a total revenue of 845.35 million yuan for the reporting period[48] - The company's operating revenue for 2023 was CNY 4,221,429,523.25, representing an increase of 8.97% compared to CNY 3,873,931,995.77 in 2022[160] - Net profit attributable to shareholders for 2023 decreased by 46.99% to CNY 173,478,853.85 from CNY 327,037,938.38 in 2022[160] - The net profit excluding non-recurring gains and losses increased by 149.95% to CNY 150,450,796.82 in 2023 from CNY 59,992,731.55 in 2022[160] - The company's total assets as of the end of 2023 were CNY 15,573,940,302.35, a decrease of 1.59% from CNY 15,816,793,533.33 at the end of 2022[160] - The net assets attributable to shareholders increased by 0.56% to CNY 11,934,849,259.03 in 2023 from CNY 11,868,382,258.24 in 2022[160] - The company reported a basic earnings per share of CNY 0.15, down 51.61% from CNY 0.31 in 2022[160] - The weighted average return on net assets for 2023 was 1.46%, down from 3.17% in 2022[160] Governance and Compliance - The company has strictly complied with regulatory requirements regarding the management and use of raised funds, with no violations reported[7] - The total compensation for directors, supervisors, and senior management was strictly executed according to relevant regulations[46] - The independent director's subsidy standard was adjusted from 60,000 yuan/year after tax to 120,000 yuan/year before tax[46] - The company has continuously improved the compensation and assessment system for directors and senior management since 2019[46] - No objections were raised by the directors regarding company matters during the reporting period[54] - Directors actively participated in board meetings and provided valuable suggestions for daily operational decisions[55] - The company maintained compliance with laws and regulations, enhancing its governance and decision-making processes[55] - The board of directors attended meetings with a high participation rate, ensuring effective communication and decision-making[52] - The company is committed to maintaining the legal rights of shareholders and improving operational standards[55] Talent Development - The company has established partnerships with over 10 colleges and universities for talent development, focusing on a model of "targeted recruitment, order-based training, and job placement"[75] - The company has submitted applications for 6 national and provincial talent support programs, recognizing a total of 1,409 skilled talents[75] - The company has focused on systematic training programs to enhance leadership and professional skills among employees[75] - The company has a total of 1,187 technical personnel among its employees, indicating a strong focus on technical expertise[90] - The company is committed to optimizing its talent structure and enhancing organizational vitality to support strategic development[184] Environmental Compliance - The company has established an online monitoring system for wastewater, which is connected to the ecological environment authority's monitoring platform[88] - The company conducts quarterly inspections of waste gas and noise, and monthly inspections of wastewater, all of which meet standards[88] - The company has a total VOC discharge of 68.23 million tons, with no exceedance of discharge standards[86] - The company has a total wastewater discharge of 70 million tons per year, with no exceedance of discharge standards[86] - The company adheres to the Guangdong Province discharge standards for pollutants, ensuring compliance in its operations[86] - The company has established multiple waste gas treatment facilities, including regenerative thermal oxidizers (RTO), ensuring that industrial wastewater meets discharge standards[106] - The company has obtained a national pollutant discharge permit, valid from August 12, 2021, to August 11, 2026[113] - The company has implemented emergency response plans for environmental incidents and conducted emergency drills as required[117] - The company has invested in environmental protection facilities and equipment, contributing to its overall environmental governance efforts[117] - The company has a waste management system in place, ensuring proper classification and disposal of solid waste and recyclable materials[106] - The company has established noise reduction measures to ensure compliance with relevant noise emission standards[106] - The company strictly adheres to national environmental protection laws and regulations, including the Environmental Protection Law and various pollution prevention standards[103] Strategic Development - The company plans to focus on high-end research and development, optimize customer structure, and enhance market share to become a leader in high-end electronic components[22] - The company aims to implement a "1+2+4+4+N" reform strategy to strengthen management and execution, focusing on digital economy opportunities and emerging application fields like AI and new energy vehicles[22] - The company acknowledges risks from a sluggish global economy, rising supply chain costs, and potential market demand shortfalls, and plans to adopt flexible strategies to mitigate these risks[23][25] - The company is optimistic about the long-term development prospects of the electronic components industry, driven by the growth in demand from emerging market applications and domestic substitution[146] - The company plans to expand production capacity and enhance technological levels in response to the growing market demand[146] - The company is focusing on internationalization, intelligence, and high-end development as part of its strategic transformation[146] - The company is committed to expanding its market presence and enhancing its product offerings in response to industry demands[198] - The company is aligned with national strategies to ensure the security and development of the electronic information technology industry[196] Shareholder Returns - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares, totaling approximately 57.37 million CNY, with a minimum cash dividend ratio of 20%[77] - The company distributed cash dividends of 1.00 yuan per 10 shares, totaling 114,848,741.90 yuan, based on a total share base of 1,148,487,419 shares after deducting repurchased shares[93] - The total cash dividend amount represented 100% of the total profit distribution[96] - The company has a clear profit distribution policy in accordance with relevant regulations, ensuring transparency and compliance[93] - The company’s cash dividend policy is designed to enhance shareholder returns, with a three-year plan in place[93] - The company did not propose a cash dividend distribution plan for the current reporting period despite having positive distributable profits[96]