江南奕帆(301023) - 2023 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 55,020,800 shares[3]. - The company has not issued any bonus shares during the dividend distribution[3]. - The company distributed a cash dividend of RMB 7 per 10 shares, totaling RMB 39,200,175 (including tax) based on a total share capital of 56,000,250 shares[166]. - As of May 30, 2023, the company repurchased 928,050 shares, adjusting the dividend distribution to RMB 7.11796 per 10 shares for a total of RMB 39,200,171.67 (including tax) based on 55,072,200 shares[168]. - For the first half of 2023, the company proposed a cash dividend of RMB 2.30 per 10 shares, totaling RMB 12,654,784 (including tax) based on an effective share capital of 55,020,800 shares[169]. - The total cash dividend distributed accounted for 100% of the profit distribution amount, reflecting the company's mature development stage[171]. - The cash dividend policy aligns with the company's articles of association and shareholder resolutions, ensuring transparency and compliance[170]. Financial Performance - The company's operating revenue for 2023 was ¥174,573,137.11, a decrease of 4.70% compared to ¥183,186,667.37 in 2022[23]. - The net profit attributable to shareholders for 2023 was ¥47,608,275.00, down 40.33% from ¥79,782,137.49 in 2022[23]. - The cash flow from operating activities showed a significant decline, with a net amount of ¥21,035,132.99, down 65.29% from ¥60,601,128.77 in 2022[23]. - Basic earnings per share decreased to ¥0.86, a drop of 39.44% from ¥1.42 in 2022[23]. - Total assets at the end of 2023 were ¥884,099,904.17, reflecting a decrease of 5.18% from ¥932,434,941.69 at the end of 2022[23]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to ¥47,114,360.18, down 34.06% from ¥71,446,107.05 in 2022[23]. - The weighted average return on equity decreased to 5.78% in 2023 from 9.60% in 2022, indicating a decline in profitability[23]. - The company received government subsidies amounting to ¥1,543,937.00 in 2023, compared to ¥8,140,725.14 in 2022, reflecting a significant reduction[29]. Market and Industry Insights - The company operates in the customized micro gear motor industry, which is expected to grow at a rate of 5% annually, with the market size projected to exceed ¥150 billion by 2025[33]. - The high-voltage switch manufacturing industry is anticipated to maintain a compound annual growth rate of over 8%, with the market size expected to surpass ¥550 billion by 2024[34]. - The RV market in China saw sales increase from 5,000 units in 2017 to 12,582 units in 2023, representing a year-on-year growth of 43%[37]. - The global solar photovoltaic market is expected to enter a mature phase from 2024 to 2028, with significant absolute growth potential despite a slowdown in growth rates[35]. - In 2023, the new installed solar capacity in China grew by 55.2% year-on-year, adding 216.88 GW, which is equivalent to the total new installations from 2019 to 2022 combined[35]. Research and Development - The company has a dedicated R&D team of 51 members, accounting for 15.94% of total staff, focusing on continuous innovation and market expansion[48]. - The company aims to achieve independent intellectual property rights through its R&D projects, enhancing competitiveness in the electric motor industry[72]. - The company is developing a new motor carbon brush frame assembly aimed at simplifying structure and improving maintenance convenience, with a project timeline from January to December 2023[72]. - The company is working on a self-locking clutch device for engine gearboxes, which aims to improve the starting probability and operational convenience[73]. - The company plans to enhance its research and development in the photovoltaic sector to capitalize on market growth opportunities[65]. Governance and Compliance - The company emphasizes the importance of training personnel to mitigate operational risks associated with financial derivatives[95]. - The company has established a comprehensive internal control system that covers all major aspects of its operations, with no significant omissions identified[173]. - The company has maintained a transparent information disclosure process, ensuring all shareholders have equal access to information[126]. - The company’s governance structure complies with relevant laws and regulations, with no unresolved governance issues reported[119]. - The board of directors held 7 meetings during the reporting period, ensuring compliance with legal and regulatory requirements[122]. Environmental and Social Responsibility - The company has implemented a distributed power station on its factory roof, generating an average of over 2,500 kWh per day, with an expected annual output of 600,000 kWh[181]. - Since the launch of the power station in June 2023, the company has reduced carbon emissions by 289 tons, equivalent to planting 15,830 trees[181]. - The company has made donations to social welfare foundations and local schools, expected to reach one million RMB, supporting community welfare initiatives[184]. - The company emphasizes energy conservation and environmental protection in daily operations, promoting actions such as turning off lights and reducing standby time for devices[182]. Strategic Initiatives - The company plans to enhance its market presence and expand its product offerings, focusing on new technologies and innovations in power transmission[137]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025 through innovative technologies[138]. - The company plans to explore potential mergers and acquisitions to accelerate growth and enhance competitive advantages in the industry[137]. - The company aims to stabilize its operations and minimize foreign exchange losses through strategic adjustments[95].