智能自控(002877) - 2023 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 0.45 CNY per 10 shares (including tax) to all shareholders[3]. - The company reported a cash dividend of 0.45 CNY per 10 shares (including tax) for the fiscal year, amounting to 15,907,053.42 CNY, which represents 100% of the distributable profit[134]. - The company distributed a cash dividend of 0.35 CNY per 10 shares, totaling 11.6388 million CNY for all shareholders[152]. - The cash dividend policy remains unchanged during the reporting period, complying with the company's articles of association and relevant regulations[134]. Financial Performance - The company's operating revenue for 2023 reached ¥1,024,312,815.68, representing an increase of 18.76% compared to ¥862,501,565.18 in 2022[22]. - Net profit attributable to shareholders for 2023 was ¥104,963,105.04, a growth of 25.51% from ¥83,629,808.08 in 2022[22]. - The net profit after deducting non-recurring gains and losses was ¥101,978,488.75, up 25.48% from ¥81,275,304.51 in 2022[22]. - Basic earnings per share increased to ¥0.31, a rise of 24.00% from ¥0.25 in 2022[22]. - The company's gross margin improved slightly to 35.51%, up by 0.12% from the previous year[53]. - The control valve segment generated CNY 900,989,946.93, accounting for 87.96% of total revenue, with a growth of 17.59% compared to the previous year[51]. - The company achieved a revenue of CNY 1,024,312,815.68 in 2023, representing a year-on-year growth of 18.76%[51]. - Net profit attributable to shareholders reached CNY 10,496,310.00 for the period[66]. Market and Industry Insights - The control valve market in China is expected to maintain stable growth, supported by national policies and increased investment in high-end manufacturing[32]. - The company is focusing on the energy and petrochemical sectors, which are crucial markets for valve equipment, ensuring a steady demand for new projects and maintenance services[33]. - The domestic control valve market is currently dominated by foreign products, with nearly 60% market share in terms of price volume, especially in high-end control valves[34]. - The company is exploring new markets in renewable energy, new materials, and environmental protection to enhance its industrial layout[33]. Research and Development - The company has increased R&D investment to develop products for new energy and new materials sectors, receiving positive market feedback[37]. - Research and development expenses increased by 41.29% to CNY 47,322,585.20, reflecting the company's commitment to innovation[61]. - The number of R&D personnel rose by 23.36% to 169, with the proportion of R&D staff increasing by 2.31 percentage points to 16.00%[63]. - The company is developing a series of new products, including LNG low-temperature control valves and high-precision polysilicon regulating valves, to enhance market competitiveness[63]. Governance and Compliance - The company held 11 board meetings during the reporting period, adhering to all relevant regulations and ensuring the protection of shareholder rights[99]. - The company conducted 8 supervisory board meetings, maintaining compliance with voting procedures and safeguarding shareholder interests[99]. - The company strictly followed legal requirements and internal regulations in convening 2 shareholder meetings, ensuring all decisions were lawful and compliant[98]. - The company has established a robust framework for decision-making, ensuring that all actions align with the interests of minority shareholders[100]. Environmental Responsibility - The company has implemented corrective measures for environmental compliance, including the installation of waste gas treatment facilities[146]. - The company has established a comprehensive emergency response plan for environmental incidents, ensuring preparedness for potential environmental risks[148]. - The company actively implements measures to control carbon emissions and adheres to national low-carbon development initiatives[151]. - The company has established a solid waste management system and strictly follows environmental protection standards[154]. Employee and Talent Management - The company has successfully recruited and trained talent to enhance overall employee quality, contributing to sustainable high-quality development[39]. - The total number of employees at the end of the reporting period is 1,056, with 871 in the parent company and 185 in major subsidiaries[127]. - The company has conducted training programs for employees at various levels to enhance their skills and management capabilities[129]. - The company has conducted salary adjustments for key positions at the beginning and mid-year to improve employee welfare and align with market standards[128]. Strategic Initiatives - The company aims to enhance its market share and position in the domestic market by focusing on "building markets, strict management, optimizing products, and reducing costs" in 2024[88]. - The company plans to implement a group management model to improve operational efficiency and establish clear responsibilities across subsidiaries and business units[88]. - The company intends to adopt new sales models, such as establishing offices, to effectively penetrate various market channels[88]. - A strategic acquisition of a local competitor is expected to be finalized by Q3 2023, which will enhance the company's operational capabilities[93]. Shareholder Structure - The total number of shares for the dividend distribution is based on 353,490,076 shares, excluding 37,940 shares repurchased[136]. - The largest shareholder, Shen Jianbiao, holds 35.25% of the shares, totaling 124,616,800 shares, with 93,462,600 shares pledged[196]. - The company has a diversified shareholder structure, including institutional investors like funds and asset management companies[190]. - The total number of shareholders at the end of the reporting period is 26,503, with 35,877 preferred shareholders[196].