台基股份(300046) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥319,732,631.57, a decrease of 9.22% compared to ¥352,191,535.02 in 2022[30] - Net profit attributable to shareholders for 2023 was ¥31,139,731.49, representing a significant increase of 57.82% from ¥19,731,751.47 in the previous year[30] - The net cash flow from operating activities reached ¥71,408,827.64, a remarkable increase of 404.54% compared to ¥14,153,276.31 in 2022[30] - Basic earnings per share for 2023 were ¥0.1317, up 57.91% from ¥0.0834 in 2022[30] - The total assets at the end of 2023 amounted to ¥1,215,318,428.73, reflecting a growth of 5.95% from ¥1,147,060,650.97 at the end of 2022[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2023 was ¥25,189,169.43, a 24.29% increase from ¥20,266,470.63 in 2022[30] - The total profit for 2023 was CNY 38.14 million, representing a year-on-year increase of 94.60%[150] - The company reported a total revenue of 319,732,631.57 CNY for the year, with quarterly revenues of 78,792,441.69 CNY in Q1, 85,108,777.49 CNY in Q2, 81,810,705.95 CNY in Q3, and 74,020,706.44 CNY in Q4[141] Revenue Breakdown - The company's total revenue for 2023 was approximately ¥319.73 million, representing a year-over-year decrease of 9.22% from ¥352.19 million in 2022[52] - The revenue from thyristors was approximately ¥179.20 million, accounting for 56.05% of total revenue, with a decrease of 9.14% compared to ¥197.23 million in 2022[52] - The revenue from power semiconductor modules was approximately ¥121.25 million, which is 37.92% of total revenue, showing a decline of 15.00% from ¥142.65 million in 2022[52] - The domestic sales accounted for approximately 95.14% of total revenue, with a decrease of 9.13% from the previous year[52] Research and Development - The company plans to invest in research and development of third-generation wide bandgap semiconductor technologies, including silicon carbide and gallium nitride[16] - The company is actively pursuing research and development in third-generation wide bandgap semiconductor technologies, such as silicon carbide and gallium nitride[41] - The number of R&D personnel increased to 70 in 2023, up 4.48% from 67 in 2022, with R&D personnel accounting for 13.28% of the total workforce[160] - R&D investment amounted to ¥17,346,224.33 in 2023, representing 5.43% of operating revenue, a decrease from 5.88% in 2022[160] - The company has ongoing research and development in electromagnetic pulse forming technology and equipment, with an investment of ¥17,000,000.00[67] - The company filed for 2 invention patents and 10 utility model patents during the reporting period, enhancing its technological leadership[151] Market Strategy - The company is focusing on power semiconductor core business, enhancing customer development and market expansion, and increasing sales of key products such as thyristors and IGBTs[16] - The company is focusing on expanding its product applications and enhancing its capabilities in high-end applications and major national projects[39] - The company aims to enhance the competitiveness of power semiconductor devices by accelerating the development of new IGBT modules and IGCT intelligent devices, focusing on third-generation wide bandgap semiconductor materials[2] - The company plans to optimize product design and processes to reduce costs and improve efficiency, aiming to stabilize and increase market share in conventional high-current pressing modules[2] - The company is focusing on developing new products such as high-power semiconductor devices and IGBT modules, aiming to expand its market presence and maintain technological leadership[165] - The company has increased its investment in high-end customer development in the electrical equipment sector, particularly in new energy and major engineering applications[183] Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective board operations and decision-making[4] - The board of directors held six meetings in 2023, ensuring diligent oversight and adherence to governance standards[4] - The company has a strong governance structure, ensuring independence from the controlling shareholder[88] - The company has maintained a fully independent operation in procurement, production, sales, and R&D systems[89] - The company’s management team includes experienced professionals, with key executives holding significant shares, indicating their commitment to the company's success[200] - The company has established an independent financial department with a dedicated accounting system and management policies, ensuring financial autonomy[198] Cash Flow and Investments - Cash inflow from financing activities decreased by 77.07% to ¥2,109,997.00, primarily due to lower investment from minority shareholders[62] - Net cash flow from financing activities fell by 79.97% to ¥1,793,962.67, attributed to reduced investment from minority shareholders[62] - Cash and cash equivalents increased to ¥498,190,302.53, representing 40.99% of total assets, up from 33.65% at the beginning of the year[64] - The net increase in cash and cash equivalents was ¥105,538,693.49, reflecting a 576.27% increase from the previous year[167] - The total investment during the reporting period was ¥43,770,158.31, representing a 222.34% increase compared to ¥13,578,669.15 in the same period last year[174] Challenges and Competition - The company is facing significant market competition in the power semiconductor sector, emphasizing the need for technological advancement and market-oriented strategies to enhance market share[192] - The company plans to accelerate the development of new devices and expand into high-end customer segments to mitigate competitive risks[192] Shareholder Engagement - The annual shareholders' meeting on May 5, 2023, had a participation rate of 26.25%, while the first extraordinary shareholders' meeting on December 28, 2023, saw a participation rate of 27.25%[199] - The board of directors held two shareholder meetings in 2023, ensuring compliance with regulations and equal treatment of all shareholders[114]