创世纪(300083) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥3,529,211,432.24, a decrease of 22.04% compared to ¥4,526,902,727.94 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥194,492,986.23, down 41.96% from ¥335,027,659.45 in 2022[19]. - The net cash flow from operating activities decreased by 45.57% to ¥214,819,672.96 in 2023 from ¥394,648,619.12 in 2022[19]. - The basic earnings per share for 2023 was ¥0.12, a 50% decline from ¥0.24 in 2022[19]. - The total assets at the end of 2023 were ¥8,439,209,894.85, a decrease of 4.14% from ¥8,798,563,744.65 at the end of 2022[21]. - The net assets attributable to shareholders increased by 5.72% to ¥4,870,999,366.06 at the end of 2023 from ¥4,607,762,752.29 at the end of 2022[21]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥64,795,846.97 in 2023, down 71.86% from ¥230,213,346.19 in 2022[19]. - The company experienced a quarterly revenue decline, with the fourth quarter revenue at ¥743,396,966.75, down from ¥1,130,742,420.97 in the first quarter[23]. - The company recognized government subsidies amounting to ¥75,304,542.72 in 2023, compared to ¥135,532,147.72 in 2022[26]. - The overall machine tool industry in China saw a revenue decline of 10.3% and a profit drop of 35.8% in 2023, impacting the company's performance[108]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3]. - The company is committed to enhancing its governance structure in accordance with relevant laws and regulations, ensuring compliance with the requirements of the China Securities Regulatory Commission and the Shenzhen Stock Exchange[195]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, with specialized committees for strategy, audit, nomination, and remuneration[195]. - The board of directors' composition complies with legal and regulatory requirements, ensuring an open, fair, and independent election process[197]. - The supervisory board's structure also meets legal and regulatory standards, with effective oversight of the board's decision-making processes[198]. - The company has established a comprehensive performance evaluation and incentive mechanism for directors and senior management, aligning with the company's development needs[200]. - The completion of the second vesting period for the 2020 restricted stock incentive plan has been achieved, enhancing the company's incentive structure for key personnel[200]. Research and Development - The company has over 60 products under research, with 57 already in mass production, expanding its mid-to-high-end product line from a single model to a series[113]. - The company maintains a strong focus on R&D, emphasizing customer-driven innovation and the development of high-performance CNC machine tools[83]. - Research and development expenses increased by 18.30% to ¥139,018,551.39, reflecting a focus on key projects[130]. - The number of R&D personnel decreased by 6.63% to 380 in 2023, while the proportion of R&D personnel to total staff increased to 17.35%[132]. - The company has made substantial progress in the development of five-axis CNC machines, with several products already in mass production and others actively being marketed[163]. Market Position and Strategy - The company is positioned as a leading provider of high-end intelligent equipment solutions, focusing on reliability and cost-effectiveness for its customers[39]. - The company aims to enhance its market position in vertical machining centers, which have sold nearly 40,000 units, solidifying its leadership in the domestic market[42]. - The company aims to enhance its core competitiveness by focusing on high-end CNC machine tools and expanding into new sectors[98]. - The company is actively expanding its overseas market presence, focusing on Southeast Asia and North America to enhance global brand recognition[96]. - The company plans to establish marketing centers and production bases in Vietnam and Mexico to enhance its global presence and brand recognition[104]. - The company aims to become a global leader in CNC intelligent equipment solutions, focusing on high-end market share expansion and achieving self-sufficiency in core components[166]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks that may adversely affect its operations and financial stability[3]. - The company has not identified any significant risk factors that could severely impact its production, operation, financial condition, or ongoing profitability[3]. - The company faces risks from macroeconomic fluctuations, which may lead to a slowdown in fixed asset investment and a decline in product demand[181]. - The company is exposed to risks from raw material price fluctuations and reliance on imported core components, which may increase procurement costs[184]. - The company is enhancing accounts receivable management to mitigate risks associated with delayed payments from customers[186]. Product Development and Innovation - The company is committed to continuous technological innovation and product upgrades, with the drilling and milling machining center series now in its eighth generation[41]. - The company launched the T-500U five-axis linkage drilling and milling machining center, which integrates drilling, tapping, and milling, suitable for high-speed and high-precision processing of complex structural parts in various industries[71]. - The company has developed 3 new models of five-axis linkage gantry machining centers, which are currently in trial production[132]. - The company has introduced the T-V870W vertical machining center to meet the growing demand for high-quality processing in the new energy vehicle sector[46]. - The company launched the G-M2030L lightweight gantry machining center, designed for high efficiency and precision, specifically for the new energy vehicle industry, featuring a 12,000 RPM high-rigidity BT40 spindle[52]. Investment and Financial Management - The company invested CNY 1,250 million for a 25% stake in Anqing Jingyan Precision Machinery Technology Co., CNY 1,000 million for a 20% stake in Jiangsu Qiaona CNC Equipment Co., and CNY 300 million for a 30% stake in Shenzhen Juwei New Information Technology Co.[114]. - The company plans to use up to ¥1.5 billion of idle funds for wealth management products, with the limit increased from ¥1 billion to ¥1.5 billion in August 2023[152]. - The company reported a significant credit impairment loss of -¥160,383,524.67, mainly due to provisions for accounts receivable[137]. - The net increase in cash and cash equivalents was -¥226,522,998.05, a decrease of 580.66% compared to the previous year[134]. - The company’s long-term borrowings decreased to ¥113.00 million, representing 1.34% of total assets, down 6.11% from 7.45% at the beginning of the year, primarily due to the reclassification of long-term borrowings to current liabilities[140].