ECT(SZ:300679)2024-04-22 12:56Financial Performance - The company's total revenue for 2023 was approximately ¥3.13 billion, an increase of 5.37% compared to ¥2.97 billion in 2022[39]. - Net profit attributable to shareholders for 2023 was approximately ¥356.15 million, a decrease of 19.64% from ¥443.19 million in 2022[39]. - The net profit after deducting non-recurring gains and losses was approximately ¥348.41 million, an increase of 19.66% compared to ¥291.18 million in 2022[39]. - The basic earnings per share for 2023 was ¥0.84, down 20.75% from ¥1.06 in 2022[39]. - The total operating revenue for 2023 reached ¥3,129,067,006.69, an increase of approximately 5.37% compared to ¥2,969,578,467.83 in 2022[143]. - The total operating costs for 2023 were ¥2,787,621,615.88, up from ¥2,661,801,460.11 in 2022, reflecting a year-over-year increase of about 4.73%[143]. - The net profit attributable to shareholders of the listed company for 2023 was ¥42,804,528.11, a decrease from ¥74,369,531.51 in the previous year[151]. - The company's net profit for the reporting period was $368.52 million, a decrease of 21.2% compared to $467.96 million in the previous period[171]. - Total profit for the period was $394.99 million, a decline of 25.7% compared to $531.08 million in the previous period[171]. Assets and Liabilities - Total assets at the end of 2023 were approximately ¥6.29 billion, an increase of 8.34% from ¥5.81 billion at the end of 2022[39]. - The company's total liabilities as of December 31, 2023, amounted to ¥1,448,025,859.25, compared to ¥1,205,890,612.25 at the beginning of the year, indicating an increase of approximately 20.14%[143]. - The total equity attributable to shareholders of the parent company was ¥4,438,441,021.27 at the end of 2023, up from ¥4,145,970,146.70 at the start of the year, representing a growth of about 7.05%[143]. - The company's total non-current liabilities remained at CNY 0.00, indicating no long-term debt obligations[167]. Cash Flow and Investments - The company reported a net cash flow from operating activities of approximately ¥323.47 million, a slight decrease of 0.59% from ¥325.38 million in 2022[39]. - The company reported a net cash flow from operating activities of ¥64,749,454.34 for the year, compared to ¥158,939,087.24 in the previous year, showing a decline of about 59.25%[151]. - The company's cash and cash equivalents increased to approximately CNY 1.39 billion from CNY 1.32 billion, reflecting a growth of about 4.9%[137]. - The company invested RMB 178 million in the establishment of a partnership fund with Shenzhen Pengchen Yijia Investment Partnership and individual investor Shen Suyi[82]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥3.58 per 10 shares, totaling approximately ¥150 million[28]. - The company distributed a cash dividend of RMB 1.90 per 10 shares, totaling RMB 79,817,575.00 for the 2022 fiscal year[80]. - The total amount for the 2022 cash dividend, including the share repurchase amount of RMB 100,035,844.12, is RMB 179,853,419.12[94]. - The company has not made any changes to its top 10 shareholders during the reporting period[95]. - The top ten shareholders hold a total of 142,000,000 shares, with significant stakes from major shareholders such as Lin Deying and Ren Junjiang[191]. Operational Highlights - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[11]. - The company has a strategy for market expansion and new product development, focusing on 5G and automotive technologies[1]. - The company is actively exploring market expansion opportunities and new product development initiatives[195]. Corporate Governance and Compliance - The company has established internal systems to ensure accurate and timely information disclosure, complying with relevant laws and regulations[85]. - The company’s financial statements received a standard unqualified audit opinion from Da Hua Certified Public Accountants[101]. - The company has no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[63]. - There were no violations regarding external guarantees during the reporting period[64]. - The company has not engaged in any major contracts or transactions outside of the disclosed activities during the reporting period[78]. Social Responsibility and Employee Welfare - The company actively engages in social responsibility and sustainable development, balancing economic, environmental, and social interests[51]. - The company emphasizes employee rights and diversity, ensuring equal rights in recruitment, employment, and promotion[55]. - The company has a commitment to safety production standards and has implemented various management systems to protect employee rights[55]. - The company has established a broad development platform for employees, providing diverse training opportunities[55]. Research and Development - Research and development expenses increased to $296.29 million, up 11.9% from $264.76 million year-over-year[171]. Miscellaneous - The company has no discrepancies in net profit and net assets between international and Chinese accounting standards for the reporting period[184]. - The company has a credit line of RMB 200 million with Beijing Bank, which has been extended until April 26, 2024[194]. - The company’s wholly-owned subsidiary provided a guarantee for the aforementioned credit line, ensuring controlled risk and supporting stable development[195].