YINGLIU(SH:603308)2024-04-23 10:05Financial Performance - The company's operating revenue for 2023 was CNY 2,411,934,403.59, representing a 9.75% increase compared to CNY 2,197,702,313.26 in 2022[20]. - The net profit attributable to shareholders of the listed company decreased by 24.50% to CNY 303,263,111.42 from CNY 401,674,992.14 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 279,937,058.61, showing an increase of 22.89% compared to CNY 227,804,060.03 in 2022[20]. - The basic earnings per share for 2023 decreased by 25.42% to CNY 0.44 compared to CNY 0.59 in 2022[21]. - The weighted average return on equity dropped to 6.95% in 2023, down 2.85 percentage points from 9.80% in 2022[21]. - The company reported a total of CNY 23.33 million in non-recurring gains for 2023, down from CNY 173.87 million in 2022[27]. - The company's total comprehensive income for 2023 was ¥148,742,323.81, compared to ¥395,168,977.31 in 2022, reflecting a decline of 62.4%[192]. Cash Flow - The net cash flow from operating activities was CNY 233,866,051.01, a significant recovery from a negative cash flow of CNY -23,040,305.21 in 2022[20]. - The net cash flow from operating activities in Q2 2023 was CNY 123.84 million, significantly higher than in Q1 2023[23]. - The net cash flow from operating activities for the current period is ¥233,866,051.01, a significant increase compared to the previous period's negative cash flow of ¥23,040,305.21[54]. - The net cash flow from investment activities is -¥617,831,280.85, a decrease from the previous period's positive cash flow of ¥184,635,259.17[54]. - The cash inflow from financing activities was CNY 1,796,565,302.80, an increase from CNY 1,585,000,000.00 in 2022, reflecting a growth of about 13.3%[200]. - The net cash flow from financing activities was CNY 386,926,470.34, compared to -CNY 408,963,204.05 in 2022, showing a positive turnaround[200]. Assets and Liabilities - The total assets at the end of 2023 reached CNY 10,474,818,233.20, a 5.81% increase from CNY 9,899,448,579.11 at the end of 2022[20]. - The company's net assets attributable to shareholders increased by 4.48% to CNY 4,462,940,764.62 from CNY 4,271,744,505.29 in the previous year[20]. - The total liabilities reached ¥5,539,224,422.29, up from ¥5,131,000,410.15, indicating an increase of approximately 7.9%[181]. - Long-term borrowings increased to ¥2,008,292,053.38 from ¥1,341,241,187.59, reflecting a growth of about 49.5%[181]. Research and Development - R&D expenses increased by 15.03% to 293 million RMB, reflecting the company's commitment to technological innovation[42]. - The total R&D investment amounted to 372,749,951.94, representing 15.45% of the total revenue, with capitalized R&D accounting for 21.32%[50]. - The company has participated in revising 21 national standards and 13 industry standards, and holds over 400 patents[32]. - Research and development expenses increased to ¥95,081,780.91 in 2023, up from ¥88,980,546.90 in 2022, representing an increase of 6.2%[191]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares, totaling CNY 81,484,372.92 to all shareholders[4]. - The company has accumulated cash dividends exceeding 428 million RMB since its listing in 2014, with a dividend payout ratio consistently above 30% of annual net profit[33]. - The company declared a cash dividend of 1.20 RMB per 10 shares, totaling 81,484,372.92 RMB, which represents 26.87% of the net profit attributable to ordinary shareholders[104]. - The total amount of cash dividends, including share repurchases, reached 91,481,534.55 RMB, accounting for 30.17% of the net profit attributable to ordinary shareholders[104]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[7]. - The company has established a robust internal control system and governance structure, ensuring compliance with relevant laws and regulations[73]. - The company did not face any penalties from securities regulatory authorities in the past three years[86]. - The company has confirmed that there are no major violations or penalties against the company or its controlling shareholders during the reporting period, ensuring compliance with legal obligations[135]. Market and Business Strategy - The company aims to extend its value chain and focus on high-end products in the aerospace and nuclear energy sectors, promoting technological innovation and product development[66]. - The company is recognized as a leading supplier in the nuclear power and aerospace sectors, with significant market share in valve components[38]. - The company has established partnerships with institutions like Nanjing University of Aeronautics and Astronautics for talent development in specialized fields[99]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives[87]. Environmental and Social Responsibility - The company invested 895.22 million RMB in environmental protection during the reporting period[110]. - The company has established a safety production committee to oversee safety management and ensure compliance with safety regulations[121]. - The company has implemented a comprehensive environmental protection strategy, including dust removal systems and wastewater treatment facilities, ensuring that emissions meet standards[123]. - The company has taken measures to reduce noise pollution, ensuring compliance with industrial noise standards[113].