KEYSINO TECH(SZ:300899)2024-04-22 10:11Financial Performance - The company's operating revenue for 2023 was ¥124,627,815.87, a decrease of 19.11% compared to ¥154,070,701.28 in 2022[18]. - Net profit attributable to shareholders for 2023 was ¥15,583,091.37, down 43.06% from ¥27,370,122.65 in 2022[18]. - The net cash flow from operating activities was negative at -¥3,995,523.15, a decline of 107.60% compared to ¥52,560,968.92 in 2022[18]. - Basic earnings per share decreased by 43.07% to ¥0.2443 in 2023 from ¥0.4291 in 2022[18]. - Total assets at the end of 2023 were ¥723,960,803.05, an increase of 1.97% from ¥709,002,793.72 at the end of 2022[18]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a net profit of ¥10,131,265.09, down 39.00% from ¥16,608,656.00 in 2022[18]. - The gross profit margin was 36.85%, down 2.85% year-on-year[51]. - The company achieved operating revenue of 124.63 million yuan in 2023, a decrease of 19.11% compared to the previous year[51]. - The company reported a total revenue of 30,463 million in 2023, showing a significant increase compared to previous years[113]. Dividend Distribution - The company plans to distribute a cash dividend of 3.60 RMB per 10 shares to all shareholders, based on a total of 63,783,466 shares[5]. - The total cash dividend for the current period was RMB 22,962,047.76, which accounted for 100% of the total profit distribution[137]. - The company distributed cash dividends of RMB 14,670,197.18 (including tax) for the fiscal year 2022, amounting to RMB 2.30 per 10 shares based on a total share capital of 63,783,466 shares[136]. - The company has no retired employees requiring expense coverage, indicating a focus on a younger workforce[132]. Research and Development - R&D expenditure accounts for 11.61% of the company's total revenue, indicating a significant commitment to research and development[43]. - The company has obtained a total of 44 patent certificates, reflecting its strong technical innovation capabilities and recognition from government and industry organizations[41]. - The company is focusing on developing efficient water treatment technologies to enhance resource recovery and reduce production costs, targeting significant market potential[66]. - The company is actively collaborating with research institutions to stay updated on the latest advancements in membrane technology, enhancing its competitive position in the industry[45]. - Research and development expenses amounted to 14.47 million yuan, accounting for 11.61% of operating revenue, a decrease of 0.44% year-on-year[52]. Market Strategy and Expansion - The company is focusing on expanding its market presence in wastewater treatment and ecological restoration, driven by national policies[28]. - The company aims to establish a comprehensive ecological environment control system by 2025, with a focus on reducing major water pollutants and improving water ecological conditions[32]. - By 2025, the company plans to have 100 energy-efficient wastewater treatment plants established, contributing to carbon reduction and resource recycling[31]. - The company is committed to supporting green development policies and enhancing the efficiency of wastewater treatment processes to achieve carbon neutrality goals[31]. - The company is committed to expanding its international business by participating in overseas industry exhibitions and leveraging existing customer resources to penetrate markets in Southeast Asia, South Asia, Africa, and Europe[95]. Governance and Compliance - The company has established a comprehensive internal governance structure that complies with relevant laws and regulations, ensuring effective management and control[103]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and promoting sound decision-making[104]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring autonomous management capabilities[107]. - The company has implemented a robust internal audit system to enhance governance and ensure the achievement of operational goals[106]. - The company is focused on continuous improvement in its governance practices to align with regulatory standards and protect shareholder interests[106]. Risks and Challenges - The company anticipates risks associated with international business expansion, including foreign exchange management and regulatory challenges in overseas markets[97]. - The company is aware of the increasing risk of accounts receivable due to business scale expansion and the diversity of client industries, and will implement strict credit management measures[97]. - The company faces risks of declining profitability and market share due to intensified competition in the domestic environmental protection industry, emphasizing the need for continuous R&D investment[98]. Employee Management - The company has a clear salary policy based on fairness, competitiveness, and market conditions, ensuring employee remuneration aligns with their job value[133]. - The company has implemented a training plan for new employees, focusing on their integration and development within the organization[134]. - The company has maintained a stable number of master's degree holders in R&D, with 9 individuals in both 2022 and 2023[67]. - The company has a total of 2 employees with a doctoral degree and 20 with a master's degree, reflecting a strong educational background among its workforce[132]. Financial Management - The company has a risk internal control management system in place, ensuring the effectiveness of internal controls and safeguarding shareholder interests[144]. - The company has not engaged in any capital reserve transfers or stock bonuses, maintaining a straightforward profit distribution strategy[136]. - The company has not reported any penalties or rectification situations during the reporting period[188]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[175]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[171]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative separation technologies[172]. - The company aims to reduce operational costs by 10% through efficiency improvements and automation initiatives[171]. - The management emphasized the importance of maintaining shareholder value, committing to a dividend payout ratio of 40% of net profits[172].