Tatfook Technology(SZ:300134)2024-04-22 13:47Financial Performance - The company's 2023 annual revenue was CNY 2,495,241,106.35, with a net profit attributable to the parent company of -CNY 170,327,992.73[3]. - The company's operating revenue for 2023 was ¥2,495,241,106.35, a decrease of 3.75% compared to ¥2,592,460,121.47 in 2022[19]. - The net profit attributable to shareholders was a loss of ¥170,327,992.73, representing a decline of 281.64% from a profit of ¥92,910,025.28 in the previous year[19]. - The cash flow from operating activities was ¥79,477,203.74, down 53.75% from ¥171,835,592.20 in 2022[19]. - The total assets at the end of 2023 were ¥6,499,073,793.18, a decrease of 0.81% from ¥6,524,660,508.79 at the end of 2022[19]. - The basic earnings per share for 2023 was -¥0.22, a decline of 283.33% from ¥0.12 in 2022[19]. - The net profit after deducting non-recurring gains and losses was -¥187,114,842.58, a decrease of 383.03% from ¥64,869,966.51 in 2022[19]. - The company reported a net loss of -¥150,742,485.64 in Q4 2023, following a loss of -¥24,695,092.68 in Q3 2023[23]. - The company reported a total distributable profit of -604,898,506.78 CNY, resulting in no cash dividends or stock bonuses for the year[153]. Dividend and Capital Plans - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[4]. - The cash dividend amount for the year is 0.00 CNY, and the company has not proposed any cash dividend distribution[153]. - The company will not distribute dividends or increase capital stock from reserves in 2023 due to negative distributable profits[155]. Business Operations and Strategy - The company maintains that its core business and competitive strengths have not undergone significant adverse changes, aligning with industry trends[3]. - There are no significant risks to the company's ongoing operations, and the industry does not face overcapacity or continuous decline[3]. - The company continues to focus on its core competencies without significant shifts in strategy or market expansion plans[3]. - The company is committed to compliance with special disclosure requirements in the telecommunications industry[4]. - Future development outlook and related risks are detailed in the management discussion and analysis section of the report[3]. Research and Development - The company invested approximately CNY 2.7 billion in R&D during the reporting period, accounting for 10.82% of total revenue[61]. - The company holds a total of 3,013 patents, including 1,284 invention patents, as of December 31, 2023[61]. - The company is committed to technological innovation and the development of new quality productivity, focusing on high-end equipment and intelligent manufacturing[40]. - The R&D team has seen an increase in the number of personnel with a bachelor's degree to 279, up by 5.68% from 264 in 2022[84]. - The company is focusing on new product development, including a new generation of 5.5G base station filters, to maintain its technological competitive advantage[83]. Market and Industry Trends - In 2023, the total number of mobile communication base stations in China reached 11.62 million, with 5G base stations accounting for 3.377 million, a net increase of 1.065 million from the previous year, representing 29.1% of the total[32]. - The global smartphone shipment in 2023 was 1.17 billion units, a year-on-year decrease of 3.2%, marking the lowest shipment in a decade[34]. - In 2023, China's automobile production and sales reached 30.161 million and 30.094 million units, respectively, with year-on-year growth of 11.6% and 12.0%[37]. - The penetration rate of new energy vehicles in China reached 31.6% in 2023, with production and sales of 9.587 million and 9.495 million units, respectively, reflecting a year-on-year growth of 35.8% and 37.9%[37]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, and has revised governance documents to clarify responsibilities[119]. - The company’s board consists of 9 members, including 3 independent directors, meeting legal requirements for governance[122]. - The company has a complete and independent financial management system, ensuring independent accounting and financial decision-making[124]. - The company ensures timely and accurate information disclosure to all shareholders, maintaining transparency in operations[122]. Environmental Responsibility - The company is classified as a key pollutant discharge unit and adheres strictly to various environmental protection laws and standards during its operations[166]. - The company has invested in 1 set of electroplating wastewater treatment facilities and 1 set of domestic wastewater treatment facilities, with 5 sets of air pollution control facilities currently in operation[172]. - The company has been regularly paying environmental protection taxes as required by law, reflecting its commitment to environmental governance[178]. - The company invested approximately 880,000 RMB in various energy-saving and emission reduction projects during the reporting period, resulting in an electricity savings of about 9.55 million kWh[179]. Employee Management - The total number of employees at the end of the reporting period is 4,495, with 1,405 in the parent company and 3,090 in major subsidiaries[149]. - The company has implemented an employee stock ownership plan, with 3,955,700 shares held by up to 280 employees, representing 0.5154% of the total shares[155]. - The employee training program focuses on enhancing job skills, with plans to integrate various training resources for efficiency[151]. - The company plans to continue its employee stock ownership plan in 2024, linking employee benefits to the achievement of the company's strategic goals[150]. Financial Management - The company reported an audit fee of 2.2 million CNY for domestic accounting services[194]. - The company has not received any non-standard audit reports during the reporting period[192]. - The company has fulfilled all commitments made by shareholders and related parties without any violations[189]. - The company has not engaged in any violations regarding external guarantees during the reporting period[191]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[138]. - The company plans to accelerate the transition to digitalization, intelligence, and green development in 2024, focusing on smart manufacturing and high-end equipment[109]. - The company is exploring potential mergers and acquisitions to further strengthen its market position[133].