JEMC(SZ:000922)2024-04-17 09:01Financial Performance - The company's operating revenue for 2023 reached ¥5,320,513,949.27, representing a 16.69% increase compared to ¥4,559,491,913.74 in 2022[30]. - The net profit attributable to shareholders for 2023 was ¥399,382,105.23, a 4.75% increase from ¥381,277,384.70 in the previous year[30]. - The net profit after deducting non-recurring gains and losses was ¥317,991,635.51, reflecting a 10.04% increase from ¥288,983,071.25 in 2022[30]. - The net cash flow from operating activities for 2023 was ¥555,147,751.52, an 8.12% increase from ¥513,478,194.02 in 2022[30]. - The total assets at the end of 2023 amounted to ¥9,639,089,695.46, showing a slight decrease of 0.79% from ¥9,715,796,519.47 in 2022[30]. - The net assets attributable to shareholders decreased by 2.10% to ¥3,192,134,470.14 from ¥3,260,569,860.32 in 2022[30]. - The basic earnings per share for 2023 was ¥0.6697, up 5.05% from ¥0.6375 in 2022[30]. - The weighted average return on net assets for 2023 was 12.38%, slightly down from 12.40% in 2022[30]. - The company reported a net profit of ¥116,323,769.13 in Q4 2023, with total revenue for the quarter at ¥2,283,530,169.13[33]. - The gross profit margin for electric motors and services was 24.05%, up from 19.12% in the previous year[95]. Investment and Cash Flow - Operating cash inflow for 2023 reached ¥3,651,463,678.96, a year-on-year increase of 32.01% compared to ¥2,766,147,018.91 in 2022[111]. - Investment cash inflow surged by 155.87% to ¥933,021,378.97 from ¥364,651,767.35 in 2022[111]. - The net cash flow from investment activities improved significantly to ¥192,896,727.99, compared to a negative cash flow of -¥64,728,088.06 in 2022, marking a 221.04% increase[111]. - Total cash and cash equivalents increased by ¥226,786,396.93, a decrease of 55.19% from ¥506,102,574.56 in the previous year[114]. - The company reported a total investment of ¥650,697,400.00 in 2023, with significant investments in Harbin Electric Power Equipment Co., Ltd. and Heilongjiang New Energy Group Co., Ltd.[124]. Research and Development - R&D expenses rose significantly by 45.15% to ¥169,450,535.37, reflecting increased investment in technology and related projects[106]. - The company’s R&D personnel increased by 15.65% to 362, with the proportion of R&D staff in total employees rising to 18.11%[110]. - The total R&D investment for 2023 was ¥286,015,668.21, which is 5.38% of operating revenue, a slight decrease from 5.97% in 2022[110]. - The company has established a "dual headquarters" model for technology innovation, enhancing its R&D capabilities[57]. - The company has been recognized as a "National Technology Innovation Demonstration Enterprise," highlighting its commitment to technological advancement[44]. Market and Product Development - The company has undergone changes in its business scope, expanding into areas such as electric motor manufacturing and technology services[24]. - The revenue from nuclear power products surged by 52.78% to ¥686,105,806.52, accounting for 12.90% of total revenue[92]. - The company is actively developing new products, including high-performance motor insulation shafts and low-vibration high-voltage asynchronous motors, expected to enhance competitiveness in the market[107]. - The company aims to improve its manufacturing processes and product competitiveness through ongoing R&D projects, including a self-generating system design and a digital twin solution[107]. - The company showcased new products at a launch event in February 2023, focusing on intelligent, green, and high-efficiency motor technologies[79]. Corporate Governance and Compliance - The company held 4 shareholder meetings during the reporting period, ensuring compliance with regulations and protecting the rights of minority shareholders[159]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements for governance structure[160]. - The company has established an independent financial department, ensuring compliance with accounting standards and independent financial decision-making[166]. - The company has a clear organizational structure with a modern corporate governance framework, ensuring effective operation independent of the controlling shareholder[165]. - The company has committed to timely and accurate information disclosure, ensuring all shareholders have equal access to information[161]. Risk Management - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements and potential market changes[5]. - The company’s management discusses potential risks and countermeasures in the section regarding future development outlook[5]. - The company has identified risks related to macroeconomic conditions and international market fluctuations that could impact product demand[145]. - The company emphasizes the importance of diversified suppliers to mitigate supply chain risks and ensure timely delivery of materials[153]. - The company has implemented measures to address production risks, including rapid response to production anomalies and strict contract compliance assessments[146]. Sustainability and ESG - The company’s ESG rating improved from B to BBB, reflecting enhanced sustainability practices[44]. - The company was awarded the "National Level Green Factory" title, indicating commitment to sustainable practices[44]. - The company has developed 23 products that received carbon footprint certification, showcasing its focus on environmental impact[44]. - The company received 24 series products recognized as "National Green Product Design" titles[44]. - The company has established a comprehensive service capability for nuclear main pump products, enhancing its after-sales service advantage[90].