TGC(SZ:300265)2024-04-23 09:54Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.2 billion RMB, representing a year-on-year growth of 15%[13]. - The net profit attributable to shareholders was 150 million RMB, reflecting a 10% increase compared to the previous year[13]. - The company's operating revenue for 2023 was CNY 2,347,118,456.89, representing a 12.67% increase compared to CNY 2,083,122,932.72 in 2022[18]. - The net profit attributable to shareholders for 2023 was CNY 101,434,587.59, a 24.13% increase from CNY 81,713,965.46 in 2022[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 85,100,254.16, showing a significant increase of 90.39% from CNY 44,697,097.49 in 2022[18]. - The total assets at the end of 2023 reached CNY 3,285,359,277.42, marking a 16.23% increase from CNY 2,826,595,575.00 at the end of 2022[18]. - The net assets attributable to shareholders increased by 62.83% to CNY 2,265,289,202.88 at the end of 2023, compared to CNY 1,391,157,703.84 at the end of 2022[18]. - The company reported a cash flow from operating activities net amount of CNY 118,467,526.55, a 34.67% increase from CNY 87,970,367.51 in 2022[18]. - The basic earnings per share for 2023 was CNY 0.25, up 13.64% from CNY 0.22 in 2022[18]. - The company achieved operating revenue of CNY 2,347,118,456.89 in 2023, representing a year-on-year increase of 12.67%[45]. - The net profit attributable to shareholders reached CNY 10,143.46 million, up 24.13% compared to the previous year[45]. Market Strategy and Growth - The company is focusing on expanding its market presence, targeting a 25% increase in market share in the next fiscal year[13]. - Future outlook includes a revenue target of 1.5 billion RMB for 2024, with an anticipated growth rate of 25%[13]. - User data indicates a growth in active users by 20%, reaching a total of 500,000 users by the end of 2023[13]. - The company is positioned to benefit from stable demand in the power transmission cable production sector due to ongoing investments in smart grid and high-voltage projects in China[30]. - The company is currently developing several new products, including a new type of dry micro cable and a high conductivity aluminum-clad steel wire for OPGW applications[63]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its product range[120]. Research and Development - The company is investing in new technologies, allocating 50 million RMB for R&D in the upcoming year[13]. - Research and development expenses amounted to CNY 95,949,984.77, which is 4.09% of operating revenue, with 36 R&D projects and 48 new patents authorized[46]. - The company has developed technologies for high-frequency communication cables and aerospace cables that meet international standards, positioning it as a domestic leader[39]. - The company has established a standardized management system to support its rapid asset expansion, ensuring effective internal controls and management[100]. - The company has committed to enhancing its R&D team by increasing recruitment of high-education technology personnel and accelerating the conversion of technological achievements[98]. Risk Management - Risk management strategies have been outlined to address potential market fluctuations and supply chain disruptions[4]. - The company has established a risk assessment mechanism to identify and analyze strategic, financial, market, operational, and legal risks[156]. - The company has implemented strict internal controls and risk management measures for its hedging activities to mitigate price fluctuation risks[78]. - The company has established a comprehensive risk assessment process to identify and address public concerns related to its operations[170]. Corporate Governance - The company adheres to strict governance practices, ensuring independence from its controlling shareholder and compliance with regulatory requirements[105]. - The company has established a governance structure that complies with the regulations set by the China Securities Regulatory Commission[113]. - The company has a dedicated board secretary responsible for information disclosure and investor relations management[111]. - The company has implemented a performance evaluation and incentive mechanism to link employee income with work performance[110]. - The company has established a clear ethical behavior guideline for employees, which is a key criterion for hiring and promotions[172]. Dividend Policy - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The total distributable profit for the year was RMB 278,339,097.73[151]. - The cash dividend policy is aligned with the company's articles of association and shareholder resolutions, ensuring transparency and compliance[150]. - The company distributed a cash dividend of RMB 0.25 per 10 shares, amounting to a total of RMB 36,662,886.40, which represents 100% of the profit distribution[151]. Employee Management - The total number of employees at the end of the reporting period was 1,464, with 249 in the parent company and 1,215 in major subsidiaries[145]. - The company plans to enhance its internal training programs, with a significant increase in total training hours compared to 2022[147]. - The company has a structured remuneration management system in place for its directors and senior management[132]. - The company has established a performance management system to link employee benefits closely with company performance[146]. Social Responsibility - The company donated over 2.2 million yuan to various charitable organizations, supporting poverty alleviation and rural revitalization efforts[174]. - The company actively engages in public welfare activities, focusing on local economic development, education, healthcare, environmental protection, and charity[173]. - The company has established an ISO14001 environmental management system and implemented measures to reduce carbon emissions, including clean production audits and emergency response drills[169]. Financial Compliance - The company has not misused or diverted raised funds, ensuring compliance with regulations regarding the use of raised funds[160]. - There were no significant defects identified in financial reporting during the reporting period[166]. - The company has not reported any non-standard audit reports for the current period[184]. - The company has engaged Lixin Accounting Firm for auditing services, with a fee of 960,000 yuan, marking 11 consecutive years of service[185].