Hualan (SZ:301027)2024-04-23 11:17Financial Performance - The company's operating revenue for 2023 was ¥700,727,831.51, a decrease of 17.08% compared to ¥845,082,468.86 in 2022[24]. - The net profit attributable to shareholders for 2023 was ¥19,765,807.88, down 63.88% from ¥54,639,420.09 in 2022[24]. - The net profit after deducting non-recurring gains and losses was ¥13,875,221.50, a decline of 70.34% from ¥46,700,082.89 in 2022[24]. - The net cash flow from operating activities for 2023 was ¥30,232,314.98, a significant improvement from -¥73,801,919.58 in 2022, representing a 140.96% increase[24]. - The total assets at the end of 2023 were ¥1,968,532,609.70, an increase of 5.92% from ¥1,855,763,694.59 at the end of 2022[24]. - The net assets attributable to shareholders at the end of 2023 were ¥962,104,260.79, up 1.11% from ¥951,276,216.96 at the end of 2022[24]. - The basic earnings per share for 2023 were ¥0.13, a decrease of 64.86% compared to ¥0.37 in 2022[24]. - The weighted average return on equity for 2023 was 2.06%, down from 5.84% in 2022[24]. Dividend Distribution - The company plans to distribute a cash dividend of 0.13 RMB per 10 shares to all shareholders, based on a total of 148,291,400 shares[5]. - The company distributed a cash dividend of 0.35 RMB per 10 shares, totaling 1,927,788.20 RMB, with a distribution ratio of 100% of the total profit distribution[193]. - The company has a policy to distribute at least 10% of the distributable profit as cash dividends, which for 2023 amounts to a minimum of 1,858,687.14 RMB[197]. - The cumulative undistributed profit as of December 31, 2023, is 367,418,275.17 RMB for the company and 216,278,369.25 RMB for the mother company[196]. Business Operations and Strategy - The company is exploring new business models such as full-process engineering consulting and general contracting to provide integrated services[34]. - The company is focusing on specialized businesses such as rural revitalization, medical buildings, and educational buildings to consolidate and increase market share[50]. - The company is actively involved in the new infrastructure development and urban renewal projects as part of national policy initiatives[37]. - The company is positioned as a comprehensive engineering technology service provider, offering services from land analysis to project management[42]. - The company aims to enhance its urban renewal business through a comprehensive information management platform, which is expected to support project planning and decision-making[89]. - The company is focusing on the TOD (Transit-Oriented Development) model to integrate urban development and transportation, with ongoing projects in Nanning[89]. Market and Client Engagement - The company secured 209 projects in the rural revitalization sector, with a new contract value of approximately 78.36 million yuan[50]. - In the medical building sector, the company signed contracts worth 67.77 million yuan, including projects for Guangxi University of Traditional Chinese Medicine and Hechi Maternal and Child Health Hospital[50]. - The company signed new contracts in the education building sector amounting to 113.52 million yuan, representing a year-on-year growth of 44%[51]. - In the industrial park business, the company secured contracts totaling 114.22 million yuan, including a project for a bonded logistics center and a cross-border industrial park[51]. - The company achieved a new contract amount of 625.8 million yuan in the full-process engineering consulting sector, with 14 EOD projects selected for the Guangxi provincial project library[52]. Research and Development - The company has undertaken over 120 research projects, receiving more than 20 awards for technological achievements and accumulating over 260 patents and software copyrights[69]. - The company is focusing on key technology research in urban renewal, green low-carbon buildings, and digital design, collaborating with prestigious institutions for innovation[69]. - The company is committed to investing in research and development to innovate new products and services[160]. - The company's R&D investment amounted to ¥22,746,793.14 in 2023, representing 3.25% of total revenue, a decrease from 5.11% in 2022[90]. - The number of R&D personnel decreased by 20.56% from 574 in 2022 to 456 in 2023, with the proportion of R&D staff dropping from 19.00% to 17.91%[90]. Governance and Compliance - The company has established a complete governance structure in compliance with relevant laws and regulations, ensuring effective operation and decision-making processes[137]. - The board of directors consists of 6 members, including 2 independent directors, and has held 9 meetings during the reporting period to discuss various significant issues[140]. - The supervisory board comprises 3 members, including 1 employee representative, and has convened 7 meetings to oversee the company's operations and financial status[141]. - The company maintains a strict information disclosure system, ensuring timely and accurate communication with all shareholders[143]. - The company respects and protects the legitimate rights and interests of all stakeholders, promoting balanced development among various parties[145]. Talent and Human Resources - The company introduced 150 new talents during the reporting period, including 49 mid-to-senior level professionals and 20 registered practitioners[61]. - As of December 31, 2023, the company has 2,290 technical professionals, with 1,428 holding mid-to-senior titles and 123 having senior titles[62]. - The total number of employees at the end of the reporting period is 2,546, with 2,517 from major subsidiaries and 29 from the parent company[188]. - The technical personnel constitute the largest group with 2,290 employees, followed by sales personnel at 65 and financial personnel at 36[189]. - The company actively supports the training and development of key talent, focusing on engineering and design experts[191]. Financial Management - The company recorded a fair value change gain of 226,027.40 from trading financial assets, which is not sustainable[100]. - The company’s fixed assets increased significantly by 3.68% to 112,246,463.62, mainly due to completed projects being transferred to fixed assets[98]. - The total investment amount for the reporting period was ¥244,351,854.76, representing a 374.23% increase compared to ¥51,526,283.26 in the same period last year[104]. - The company has not experienced significant changes in operational viability, indicating stability in its financial health[112]. - The company is committed to enhancing its R&D capabilities through the "Technical R&D Center" project, which is expected to elevate its technological development level[112]. Future Outlook - The company aims to achieve a significant market expansion in the upcoming fiscal year, targeting a growth rate of over 15%[160]. - The company has outlined a performance guidance indicating expected revenue growth of 10-12% for the next fiscal year[160]. - The company plans to enhance its digital marketing efforts, with an increase in budget by 30% to improve customer engagement[166]. - The company is considering strategic acquisitions to enhance its service portfolio, with a budget of 500 million RMB allocated for potential deals[166]. - The establishment of a Southeast Asia Research Center in 2024 is intended to expand the company's market presence in Southeast Asia[123].