CJJG(SH:600496)2024-04-17 10:51Financial Performance - The company's operating revenue for 2023 reached RMB 16,506,363,899.15, representing a year-on-year increase of 5.04% compared to RMB 15,141,359,771 in 2022[21]. - The net profit attributable to shareholders of the listed company was RMB 548,394,414.53, a decrease of 21.59% from RMB 699,354,340.97 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 488,253,020.36, down 27.02% from RMB 669,003,100.04 in 2022[21]. - The net cash flow from operating activities improved significantly to RMB 470,534,694.01, compared to a negative cash flow of RMB -136,681,859.17 in 2022, marking a 444.26% increase[21]. - The total assets of the company at the end of 2023 were RMB 23,327,231,093.81, an increase of 5.54% from RMB 22,102,779,282.5 at the end of 2022[21]. - The company's net assets attributable to shareholders increased to RMB 8,511,951,676.89, reflecting a growth of 6.75% from RMB 7,973,403,483.85 in the previous year[21]. - The proposed cash dividend distribution is RMB 0.60 per 10 shares, totaling RMB 119,407,102.98, which accounts for 21.77% of the net profit attributable to shareholders for 2023[6]. Business Operations - The company achieved a new contract amount of 20.27 billion yuan in 2023, representing an 8% year-on-year increase[29]. - Steel structure sales reached 1.22 million tons, an increase of 8.9% compared to the previous year[29]. - The proportion of new contracts in industrial construction projects reached 100.8 billion yuan, a year-on-year increase of 18.8%[29]. - International business saw a total of 2.69 billion yuan in new contracts, a 106% increase year-on-year[31]. - New overseas industrial construction orders amounted to 730 million yuan, a year-on-year increase of 188.8%[31]. - The company's EPC and prefabricated construction projects signed contracts worth 3.31 billion yuan, up 16.2% year-on-year[32]. - The company signed a contract worth 422 million for the Shanghai Jiading Zhenxin Community rental housing project, contributing to its performance in urban village renovation projects[33]. Research and Development - Research and development expenses rose by 10.89% to 661 million RMB, indicating a focus on innovation and technology[65]. - The number of R&D personnel is 1,328, making up 16.85% of the total workforce[78]. - The company has accumulated over 1,000 patents and has been awarded 6 national science and technology progress awards, including 1 first prize, establishing a strong foundation for its industry leadership[58]. Sustainability and Environmental Initiatives - The company has established an EHS management office to oversee environmental protection and safety measures[165]. - The company has achieved over 90% efficiency in its waste gas treatment system, meeting environmental discharge standards[158]. - The company has committed to reducing carbon emissions by 22,738.20 tons through various measures, including the use of low-energy equipment and real-time monitoring of equipment status[167]. - The green building system developed by the company can reduce construction waste by 90% and save 80% of water during manufacturing and installation[166]. - The company established a zero-carbon factory, which was completed in July 2023, covering an area of 105,000 square meters, and is expected to reduce carbon emissions by 5,000 tons[168]. Governance and Management - The company has revised its governance structure in compliance with regulatory requirements to ensure effective decision-making and supervision[109]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and operations[111]. - The total compensation for Chairman Fang Chaoyang was CNY 1.7254 million, while Executive Director Sun Guanfeng received CNY 1.6118 million[112]. - The company has maintained a stable board composition with no significant changes in shareholding among directors and supervisors[112]. - The company has implemented a performance management plan for 2023, which was approved at the annual general meeting[125]. Market Expansion and Strategic Initiatives - The company is actively expanding its overseas industrial building business, aiming to establish it as a second growth path[40]. - The company is focusing on prefabricated buildings and BIPV as part of the green building trend, which is expected to have significant future development potential[41]. - The company is exploring potential acquisitions to enhance its product offerings and market reach[117]. - The company plans to continue its market expansion efforts in the coming year, particularly in the smart manufacturing sector[191]. Financial Management and Investments - The company has committed to invest RMB 100 million in its fundraising projects, with a cumulative investment of RMB 99.04 million as of the reporting period[189]. - The company has not reported any significant changes in the feasibility of its projects[189]. - The company utilized idle raised funds of 550 million yuan to temporarily supplement working capital, with 507 million yuan still in use as of December 31, 2023[193]. - The company has not engaged in cash management for idle raised funds, indicating a focus on direct project funding[194].