Furuise(300228)2024-05-09 10:06Financial Performance - The company's operating revenue for 2023 reached ¥3,038,563,450, representing an increase of 89.33% compared to ¥1,604,892,010 in 2022[23]. - Net profit attributable to shareholders was ¥223,471,860, a significant increase of 165.84% from ¥42,204,185 in 2021[23]. - The total assets of the company increased by 12.33% to ¥4,263,054,346 compared to ¥3,790,522,300 at the end of 2022[23]. - The company's weighted average return on net assets improved to 8.11% from -12.10% in the previous year[23]. - Total revenue for 2023 reached ¥3,038,563,453.4, representing an 89.33% increase compared to ¥1,604,892,010.5 in 2022[62]. - Main business revenue was ¥2,981,804,879.1, accounting for 98.13% of total revenue, with a year-on-year growth of 90.78%[62]. - Revenue from low-temperature storage and transportation equipment surged by 187.57% to ¥1,412,393,356.8, making up 46.48% of total revenue[62]. - The company reported a net profit of 258 million CNY for the year, which represents a growth of 12% year-on-year[162]. Dividend Distribution - The company plans to distribute a cash dividend of 0.40 CNY per 10 shares to all shareholders, based on a total of 575,406,349 shares[5]. - The total cash dividend amount is 23,016,253.96 CNY, which accounts for 100% of the total distributable profit of 24,645,024.98 CNY[181]. - The company did not distribute any stock dividends or bonus shares for the year 2022, citing operational losses as the reason[179]. - The cash dividend policy is in compliance with the company's articles of association and has been clearly communicated to shareholders[180]. - The company emphasizes the importance of independent directors in the decision-making process regarding profit distribution and cash dividends[180]. Research and Development - The company invested approximately ¥124.32 million in R&D, accounting for 4.09% of its revenue, and holds 331 authorized patents, including 59 invention patents[45]. - R&D investment in 2023 amounted to ¥124,317,908.21, representing 4.09% of operating revenue, a slight decrease from 4.39% in 2022[75]. - The number of R&D personnel increased to 300 in 2023, up by 4.53% from 287 in 2022, while the proportion of R&D personnel decreased to 16.07%[75]. - The company is focused on R&D in hydrogen fuel cell systems and related components, enhancing its product technology barriers and market competitiveness[45]. - The company has made significant progress in hydrogen energy application technology, completing sample development for liquid hydrogen supply systems for fuel cell vehicles[57]. Market Performance - In the LNG vehicle supply system market, domestic sales of natural gas heavy trucks reached 151,900 units in 2023, a year-on-year increase of 307.24%[34]. - The company reported a significant increase in sales volume of LNG vehicle supply system products due to the recovery of the natural gas heavy truck industry[34]. - The company achieved a turnaround in operating performance in 2023, supported by the stable growth of its main business segments, including heavy equipment and LNG operation services[44]. - The company’s heavy equipment products gained strong international market recognition, successfully entering the global supply chains of several Fortune 500 oil and gas companies, leading to substantial sales revenue growth[54]. - The sales volume of LNG vehicle gas supply systems significantly increased year-on-year due to the recovery of the domestic natural gas heavy truck market, with plans to further enhance production capacity and customer relationships in 2024[124]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and effective decision-making[138]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced governance approach[139]. - The company has maintained a robust internal audit system to oversee financial conditions and ensure compliance with regulations[140]. - The company has a commitment to transparency in its governance practices, as evidenced by the detailed reporting of board member changes[146]. - The company has established specialized committees within the board to enhance strategic decision-making and oversight[139]. Risk Management - The company does not currently face significant risks that could impact its normal operations, as stated in the management discussion section[5]. - The company recognizes the need to strengthen risk management capabilities, particularly in overseas markets, to address potential operational risks[127]. - The company has established a financial derivatives trading management system to control risks associated with derivative transactions[96]. - Risk control measures include careful selection of trading partners and regular audits of transaction processes[96]. Environmental and Social Responsibility - The company generated approximately 3.6 million kWh of solar power from rooftop installations, accounting for about 32% of its total electricity consumption, thereby reducing carbon emissions[197]. - The company has not faced any administrative penalties related to environmental issues during the reporting period and adheres strictly to relevant laws and regulations[196]. - The company actively invests in the research and development of energy-saving and environmentally friendly new products, aligning with national low-carbon economic initiatives[199]. - The company provides various social insurance benefits for employees, including pension, medical, and commercial accident insurance, while also promoting a harmonious labor relationship[198]. Investment and Financial Management - The company has made significant progress in research and development, with numerous patents filed for new technologies and products, indicating a strong commitment to innovation[46]. - The company has established new subsidiaries, expanding its operational scope and consolidating its market presence[69]. - The company reported a total investment in derivatives of 29,197.34 million CNY, with a fair value change loss of -1,294.43 million CNY during the reporting period[95]. - The total amount of funds raised by the company was RMB 471,073,599.21, with a net amount of RMB 459,409,457.92 after deducting issuance costs[99]. Future Outlook - In 2024, the company aims to enhance its LNG equipment manufacturing and global business layout, focusing on the "dual-full" strategy to create a first-class listed company[123]. - The company plans to expand its LNG energy operation services overseas, targeting the launch of its first overseas energy operation service project within the year[125]. - The company will implement a "low-cost operation" strategy to enhance cost control and improve operational efficiency across various business segments in 2024[127]. - The company plans to enhance its market presence through strategic acquisitions and partnerships in the energy services sector[121].