南方精工(002553) - 2023 Q4 - 年度财报

Financial Performance - The company's total operating revenue for 2023 reached CNY 671.35 million, primarily from sales of bearings, clutches, and pulleys[25]. - Total operating revenue for 2023 reached CNY 671,345,471.27, an increase of 14.25% compared to CNY 587,553,667.27 in 2022[50]. - Total operating costs for 2023 were CNY 578,199,600.90, up 14.46% from CNY 505,045,313.73 in 2022[50]. - Net profit for 2023 was CNY 15,032,836.11, a decrease of 60.32% from CNY 37,884,556.70 in 2022[51]. - Basic earnings per share for 2023 were CNY 0.0784, down from CNY 0.1393 in 2022, indicating a decline of 43.61%[51]. - The company reported a net loss from fair value changes of CNY -80,598,050.05 in 2023, compared to CNY -45,911,465.74 in 2022, indicating a worsening of 75.56%[50]. - The company achieved a total profit of 7.922 billion yuan in 2023, reflecting a year-on-year increase of 2.44%[128]. - The net profit attributable to shareholders for 2023 was ¥27,281,345.76, a decrease of 43.73% from ¥48,485,509.61 in 2022[171]. Assets and Liabilities - As of December 31, 2023, total assets amounted to CNY 1,422,555,036.06, a slight increase from CNY 1,416,367,701.90 on January 1, 2023[36]. - Current assets totaled CNY 768,862,051.45, up from CNY 614,773,964.62 at the beginning of the year, reflecting a growth of approximately 25.1%[38]. - Total liabilities reached CNY 217,169,270.14, compared to CNY 193,637,568.46 at the start of the year, marking an increase of about 12.1%[41]. - The company's equity attributable to shareholders decreased to CNY 1,177,649,580.87 from CNY 1,185,395,438.74, a decline of approximately 0.15%[41]. - Non-current assets totaled CNY 653,692,984.61, down from CNY 801,593,737.28, indicating a decrease of approximately 18.4%[38]. - The total equity of the company reached CNY 1,218,331,970.45, up from CNY 1,208,355,143.97 in 2022[46]. - The total owner's equity at the end of the period was 640,532,823.36 yuan[76]. - The total liabilities at the end of the period are CNY 675,387,457.21, indicating a manageable debt level relative to equity[97]. Cash Flow - The company reported a net cash flow from operating activities of ¥95,698,758.79, an increase from ¥74,358,148.10 in the previous year[56]. - Net cash flow from operating activities increased to ¥107,147,547.06 from ¥84,250,814.55, representing a growth of approximately 27.5%[68]. - The net cash flow from financing activities was -¥28,158,704.65 in 2023, an improvement from -¥72,354,728.26 in 2022[56]. - The company paid ¥35,168,082.41 in dividends, compared to ¥69,671,720.47, a decrease of about 49.6%[68]. Shareholder Information - The major shareholder, Shi Jianwei, remains unchanged and holds a significant controlling interest in the company[4]. - The company confirmed that there were no significant changes in the top ten shareholders during the reporting period[3]. - The company did not experience any changes in its actual controller during the reporting period[6]. - There were no new developments regarding the company's share repurchase during the reporting period[6]. - The company has not issued any preferred shares during the reporting period[9]. - The company has not engaged in any repurchase transactions for its shares during the reporting period[6]. Research and Development - Research and development expenses increased to CNY 61,436,701.11 in 2023, compared to CNY 53,764,422.15 in 2022, reflecting a growth of 14.56%[50]. - The company invested 61.44 million yuan in research and development in 2023, representing a growth of 14.27% compared to the previous year[134]. - The company applied for 19 patents during the reporting period, including 5 invention patents and 14 utility model patents[134]. - The company has established a technology innovation system recognized by the Jiangsu Provincial Department of Science and Technology, enhancing collaboration with universities and large equipment manufacturers[137]. Market and Sales Performance - The company reported a sales volume of 237,976,143 sets of precision bearings in 2023, a decrease of 6.61% compared to 2022[103]. - The production volume of precision bearings was 233,557,335 sets in 2023, down 9.00% from the previous year[103]. - The automotive sector contributed ¥381,573,774.21, accounting for 56.84% of total revenue, with a growth of 13.13% compared to the previous year[147]. - The new energy vehicle segment saw significant growth, with revenue increasing by 55.30% to ¥71,385,140.07, up from ¥45,964,612.99 in 2022[147]. - The domestic market contributed approximately ¥479.14 million, marking a growth of 30.94% year-over-year[149]. - The overseas market revenue was about ¥183.57 million, which represents a growth of 40.28% compared to the previous year[149]. Strategic Initiatives - The company plans to expand its market presence, focusing on new product development and technological advancements[96]. - Future guidance suggests a focus on strategic acquisitions to bolster growth and market share[96]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[198]. - The company has implemented multiple system upgrades in 2023, including ERP and MOM systems, to improve operational efficiency and information security[142]. - The company has been recognized with several awards for quality and service excellence, reflecting its strong customer resource advantages[141].