Financial Performance - Shenzhen Zesum Technology Co., Ltd. reported significant growth in revenue, achieving a total of 1.2 billion RMB in 2023, representing a year-over-year increase of 25%[15]. - The company reported a net profit of 200 million RMB for 2023, reflecting a 20% increase from the prior year[15]. - The company's operating revenue for 2023 was ¥501,954,837.58, a decrease of 12.81% compared to ¥575,716,153.85 in 2022[20]. - Net profit attributable to shareholders for 2023 was ¥73,007,427.64, down 37.72% from ¥117,225,537.12 in 2022[20]. - The net profit after deducting non-recurring gains and losses was ¥64,813,133.44, a decline of 45.56% from ¥118,897,586.77 in 2022[20]. - The company reported a significant decline in the weighted average return on net assets to 4.51% in 2023 from 16.91% in 2022, a drop of 12.40%[20]. - The company's total revenue for 2023 was CNY 501,954,837.58, representing a decrease of 12.81% compared to CNY 575,716,153.85 in 2022[88]. - The gross profit margin for the gaming console components was 39.10%, down 3.39% from the previous year[92]. Dividend Distribution - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares (including tax) to all shareholders based on the total share capital minus the shares in the repurchase account[4]. - The total distributable profit available to shareholders is 288,555,540.73 CNY, with the cash dividend representing 100% of the profit distribution[192]. - The cash dividend distribution plan complies with the company's articles of association and relevant regulations[192]. - The cash dividend distribution represents a minimum of 20% of the profit distribution, aligning with the company's growth stage and significant capital expenditure plans[192]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 150 million RMB for new product development and technological advancements in 2024[15]. - The company focuses on the research and manufacturing of precision electronic components, primarily for gaming consoles, VR/AR devices, and automotive electronics, with a commitment to continuous R&D investment[39]. - Research and development expenses increased by 15.57% to ¥34,997,193.47 compared to ¥30,282,429.76 in the previous year[100]. - The company reported a total R&D investment of ¥34,997,193.47 in 2023, representing 6.97% of its operating revenue, an increase from 5.26% in 2022[103]. - The number of R&D personnel increased by 36.64% from 131 in 2022 to 179 in 2023, with a notable rise in the number of bachelor's degree holders by 56.67%[102]. Market Expansion and Strategy - Looking ahead, Zesum Technology projects a revenue growth target of 30% for 2024, aiming to reach 1.56 billion RMB[15]. - Zesum Technology plans to enter new markets, specifically targeting Southeast Asia, with an expected market entry by Q3 2024[15]. - The company aims to deepen cooperation with well-known electronic manufacturers to enhance its international competitiveness in the electronic components sector[39]. - The company plans to accelerate market expansion and strengthen sales channels, focusing on high-end products and developing dedicated service teams for major clients like N Company, META, and Foxconn[139]. Risk Management - The company has outlined potential risks in its future development outlook, urging investors to be cautious in their decision-making[4]. - The company faces risks related to R&D innovation, including the potential inability to meet market demands and technological advancements[144]. - The company is at risk of losing core technical personnel, which could negatively impact its competitive edge in the market[145]. - The company's gross margin is influenced by various factors, including market conditions and production costs, posing a risk of margin decline[146]. - The company operates in a highly competitive market for precision electronic components, facing risks from competitors with similar technologies[147]. Corporate Governance - The company has established a sound independent financial accounting system, enabling independent financial decision-making[160]. - The company has implemented internal control management systems to ensure compliance with laws and regulations[159]. - The company respects and maintains the legitimate rights and interests of stakeholders, promoting sustainable and healthy development[157]. - The company has established internal disclosure management systems to ensure accurate and complete information disclosure[157]. - The company has maintained effective internal controls in all significant aspects, as confirmed by the board of directors[193]. Environmental Responsibility - The company has implemented a distributed photovoltaic power generation project to reduce carbon emissions[200]. - The company actively promotes low-carbon and environmentally friendly production methods[200]. - The company is committed to green development and energy-saving practices throughout its operations[200]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[200]. Employee Management - The total number of employees at the end of the reporting period was 1,161, with 529 in the parent company and 632 in major subsidiaries[185]. - The company has established a comprehensive and fair salary management system, aligning employee compensation with job value and performance[187]. - The company has implemented a training system for new employees, including onboarding and job-specific training[188]. - The company employs 729 production personnel, 63 sales personnel, 179 technical personnel, 22 financial personnel, and 168 administrative personnel[185].
致尚科技(301486) - 2023 Q4 - 年度财报