Cctech(SZ:300604)2024-04-23 13:51Financial Performance - In 2023, the company's operating revenue declined due to a slowdown in customer demand, influenced by the global macroeconomic environment and industry cycle changes[3]. - The net profit for 2023 decreased by approximately 90% compared to the previous year, attributed to increased R&D investments in high-end testing equipment and higher operating expenses[3]. - The company's operating revenue for 2023 was ¥1,775,054,859.92, a decrease of 31.11% compared to ¥2,576,529,048.51 in 2022[14]. - Net profit attributable to shareholders for 2023 was ¥45,159,576.18, reflecting a significant decline of 90.21% from ¥461,080,448.19 in 2022[14]. - The net profit after deducting non-recurring gains and losses was -¥76,557,144.21 in 2023, a drop of 119.38% from ¥394,603,407.16 in 2022[14]. - The net cash flow from operating activities was -¥744,096,619.38 in 2023, a decrease of 702.40% compared to ¥123,522,356.94 in 2022[14]. - Basic earnings per share for 2023 were ¥0.07, down 90.91% from ¥0.77 in 2022[14]. - The company reported a net profit of ¥60,659,071.46, despite the negative cash flow from operating activities, due to non-operating income from mergers[72]. - The company’s net profit for the reporting period is RMB 45,159,600, a year-on-year decrease of 90.21%[131]. R&D and Innovation - The company invested 787.79 million yuan in R&D, accounting for 44.38% of its revenue[47]. - The R&D department emphasizes independent innovation, collaborating closely with various departments to enhance product development[35]. - The company has over 800 domestic and international patents in the field of integrated circuit testing equipment[26]. - The company has achieved significant breakthroughs in core product areas, including logic circuit testing and power device testing, with a considerable degree of domestic substitution[24]. - The company aims to enhance its core competitiveness by focusing on the development of probe stations and digital testing machines[26]. - The company has developed the D9000 series testing machines, which are suitable for high-performance integrated circuit testing, including digital logic chips and mixed-signal chips[29]. - The company has completed the R&D for CP12-SOC/CIS and CP12-Discrete, while CP12-Memory is undergoing prototype testing[90]. Market Position and Strategy - The semiconductor testing equipment market is expected to grow significantly due to the rapid development of China's integrated circuit industry[24]. - The company is positioned to increase its market share in the domestic semiconductor testing equipment sector, driven by rising demand for domestic brands[25]. - The company aims to expand its product line and market presence, targeting both domestic and international markets[44]. - The company has established long-term stable partnerships with major international semiconductor manufacturers through its acquisition of STI[26]. - The company completed the acquisition of Exis, enhancing its product range to cover gravity sorting machines, translation sorting machines, and turret sorting machines[27]. - The company has a strong customer base, including leading semiconductor firms such as Changdian Technology and Huada Semiconductor[49]. - The company is expanding its market presence, targeting an increase in market share by 10% in the next year through strategic partnerships[156]. Financial Management and Governance - The company has established a comprehensive quality management system, achieving GB/T19001-2016/ISO9001:2015 certification[48]. - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring a reasonable professional structure[100]. - The company strictly adheres to legal regulations and maintains transparency in information disclosure, ensuring timely and accurate communication with investors[99]. - The company has established independent operational capabilities, with no asset occupation by the controlling shareholder[100]. - The company has implemented a robust internal communication system to ensure effective management and control across various departments[135]. - The company has established a complete performance evaluation system and compensation mechanism for senior management[100]. - The company reported a total of 207,242,850 shares held by directors and senior management at the beginning of the period, with a net increase of 717,774 shares during the reporting period[106]. Acquisitions and Investments - The company completed the acquisition of Changyi Technology (Malaysia Exis) through a share issuance, enhancing its asset portfolio[54]. - The company completed the acquisition of 100% equity in Changyi Technology, increasing its total share capital to 614,814,900 shares after issuing 6,871,118 shares[189]. - The company reported an investment of CNY 556,568,139.52 in the current period, representing a 77.70% increase compared to CNY 313,200,000.00 in the previous year[78]. - The company has committed to not reducing its shareholdings for a period of 6 months starting from August 23, 2023[160]. - The company has completed a non-controlling merger with Changyi Technology Co., acquiring 97.6687% of the equity for 276,699,921.86 CNY[63]. Employee and Talent Management - The company emphasizes talent development, implementing training programs to enhance employee skills and management capabilities[55]. - The company’s R&D team comprises over 54.51% of its total workforce, ensuring a strong foundation for continuous innovation[47]. - The total number of employees at the end of the reporting period is 3,658, with 2,082 in the parent company and 1,576 in major subsidiaries[125]. - The company has 2,008 technical personnel, representing the largest professional group among employees[125]. - The company has a comprehensive training plan covering various aspects, including management and safety training[127]. Shareholder and Dividend Policy - The profit distribution plan approved by the board proposes a cash dividend of 1 RMB per 10 shares (before tax) based on a total share base of 623,230,350 shares[3]. - The company plans to distribute cash dividends of RMB 1 per 10 shares, totaling RMB 62,323,035, which represents 100% of the distributable profit[128]. - The total share capital for the dividend distribution is 623,230,350 shares, with no stock bonus or capital increase planned[130]. - The cash dividend policy has been executed in compliance with relevant laws and regulations, ensuring transparency and protection of shareholder rights[129]. Environmental and Social Responsibility - No environmental penalties were reported during the fiscal year, indicating compliance with environmental regulations[141]. - The company focuses on technological innovation and energy conservation as part of its environmental protection and sustainable development strategy[143]. - The company adheres to legal tax obligations, contributing to social responsibility and providing employment opportunities[143]. Internal Control and Compliance - The internal control evaluation report indicated that 100% of the company's total assets and operating income were included in the evaluation scope[137]. - There were no significant defects identified in the internal control system for both financial and non-financial reports during the reporting period[137]. - The company has not reported any dissent from directors regarding company matters during the reporting period[120]. - The company has not faced any penalties or rectification issues during the reporting period[170].