科瑞思(301314) - 2023 Q4 - 年度财报

Financial Performance - The company's operating profit for 2023 decreased compared to the previous year, primarily due to a reduction in demand for small magnetic ring coil winding services, resulting in a year-on-year decline in sales volume [3]. - The company faced increased management expenses due to IPO-related costs, which contributed to the overall decrease in operating profit [3]. - Non-recurring gains and losses for 2023 are expected to decrease compared to the previous year, mainly due to a reduction in government subsidies [3]. - The company's operating revenue for 2023 was ¥218,492,594.16, a decrease of 28.75% compared to ¥306,641,227.47 in 2022 [22]. - The net profit attributable to shareholders for 2023 was ¥35,168,260.94, down 65.90% from ¥103,142,766.33 in 2022 [22]. - The basic earnings per share for 2023 was ¥0.67, reflecting a decline of 79.32% from ¥3.24 in 2022 [22]. - The cash flow from operating activities for 2023 was ¥24,056,578.86, down 86.21% from ¥174,490,687.71 in 2022 [22]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was ¥32,501,847.67 in 2023, down 66.04% from ¥95,710,738.55 in 2022 [22]. - The company achieved a revenue of 218 million yuan in 2023, a year-on-year decrease of 28.75% [46]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 33 million yuan, down 66.04% year-on-year [46]. - The net cash flow from operating activities was 24 million yuan, a decline of 86.21% compared to the previous year [46]. Market Dynamics - The market for automatic winding services for network transformers has seen increased competition, with new entrants emerging alongside established players [32]. - In 2023, the overall demand for network transformer winding services declined due to lower-than-expected shipments of terminal products such as switches and routers, leading to a competitive pricing strategy in the industry [33]. - According to IDC data, global smartphone shipments in 2023 decreased by 3.2% year-on-year to 1.17 billion units, marking the lowest annual shipment volume in a decade, which negatively impacted the demand for inductive products [33]. - The demand for magnetic components in the new energy vehicle sector increased due to the higher value of magnetic components required compared to traditional fuel vehicles, particularly in applications like OBC, DC-DC converters, and inverters [34]. - The electronic components automation equipment industry is experiencing optimistic growth, driven by rising labor costs and the need for improved production efficiency and product quality through automation [35]. Product Development and Innovation - The company introduced a breakthrough automatic winding machine for network transformers, enhancing its competitive position in the market [32]. - The company successfully developed automatic winding equipment for transformer coils used in new energy vehicle battery management systems, generating sales revenue during the reporting period [38]. - The company is actively expanding its product offerings in the new energy sector, particularly in photovoltaic inverter production lines, which have received positive customer feedback and generated significant revenue [39]. - The company is in the early stages of developing a full-process automated production line for magnetic components, with current revenue primarily from products used in consumer electronics power supply applications [40]. - The company aims to deliver finished network transformer products by developing suitable automatic winding equipment and subsequent automated production processes [40]. Financial Management and Investments - The total amount of funds raised in the IPO was CNY 67,766.25 million, with a net amount of CNY 59,923.90 million after deducting issuance costs [88]. - As of December 31, 2023, the company has used CNY 15,557.95 million of the raised funds, with CNY 7,776.74 million allocated to the high-end fully automatic precision magnetic component winding equipment technology upgrade and expansion project [88]. - The company has CNY 452,261,428.55 of unutilized raised funds remaining, including CNY 7,714,196.22 in demand deposits and CNY 444,547,232.33 in financial products [88]. - The investment in the high-end fully automatic precision magnetic component winding equipment project is 34.21% complete as of December 31, 2023, with a total commitment of CNY 22,730 million [90]. - The company reported an investment income of ¥4,055,244.76, accounting for 9.37% of total profit, primarily from investments in joint ventures [77]. Corporate Governance and Compliance - The company has established a sound corporate governance structure and has not experienced any significant accounting errors or omissions during the reporting period [113]. - The board of directors consists of 7 members, including 3 independent directors, and operates in compliance with relevant laws and regulations [114]. - The company held 9 board meetings during the reporting period to review various financial and operational reports, including the 2022 annual report and the 2023 first quarter report [115]. - The audit committee convened 4 meetings to discuss the establishment of a special account for raised funds and the 2022 annual financial report, among other matters [117]. - The company has established a performance evaluation system for departments, ensuring that the performance of directors and senior management is assessed according to legal and regulatory requirements [120]. Employee Management and Development - The total number of employees at the end of the reporting period was 659, with 191 in the parent company and 468 in major subsidiaries [160]. - The company implemented a competitive salary and benefits system, ensuring fairness and motivation through diversified incentives based on team and individual performance [162]. - The company emphasizes employee training and development, establishing a comprehensive training system to enhance skills and knowledge [163]. - The company plans to implement a restrictive stock incentive plan for 2023, focusing on performance assessment and management [158]. Environmental Responsibility - The company has established a comprehensive environmental monitoring plan, with all monitoring indicators meeting national environmental regulations and standards [181]. - The company has implemented measures for solid waste and wastewater management, ensuring proper disposal and treatment [179]. - The company has obtained ISO14001 certification and has integrated environmental protection into its management system, focusing on sustainable development [182]. Future Outlook and Strategic Goals - The company aims to achieve a revenue growth target of 20% for the upcoming fiscal year, reflecting its optimistic outlook [132]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion [132]. - The company plans to enhance customer engagement through improved digital platforms, with an investment of 200 million RMB in technology upgrades [191]. - The company is committed to sustainability initiatives, aiming for a 20% reduction in carbon emissions by 2025 [198].