Jinma Rides(SZ:300756)2024-04-24 08:36Financial Performance - The company achieved a total operating revenue of ¥738,455,355.95 in 2023, representing an 81.96% increase compared to ¥405,841,699.16 in 2022[71]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users across its platforms[19]. - The company has achieved a revenue growth of 30% in the last fiscal year, driven by increased demand for its amusement park equipment[19]. - Net profit attributable to shareholders for 2023 was ¥46,164,835, a significant increase of 287.49% from ¥24,611,023 in 2022[23]. - The basic earnings per share for 2023 was ¥0.31, compared to a loss of ¥0.17 in 2022, marking a 282.35% improvement[24]. - The company's operating revenue for 2023 reached ¥738,455,355, representing an increase of 81.96% compared to ¥405,841,699 in 2022[23]. - The company reported a net profit margin of 12% for the fiscal year, reflecting improved operational efficiency[19]. - The company has set a performance guidance for the next fiscal year, projecting a revenue increase of 20%[19]. - The company achieved a total revenue of 738.46 million yuan in 2023, representing an increase of 81.96% compared to the previous year, and net profit attributable to shareholders reached 46.16 million yuan, up 287.49% year-on-year, marking a turnaround from losses[58]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[27]. - The company is exploring strategic acquisitions to enhance its service offerings and expand its operational capabilities in the entertainment sector[19]. - The company is actively expanding its international market presence and enhancing global brand recognition through a globalization strategy[45]. - The company is focusing on high-quality amusement product R&D and production to meet market demand[108]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in international sales by 2025[173]. - The company aims to leverage the recent government initiative to boost demand for amusement equipment, anticipating increased order opportunities in 2024[118]. - The company has established partnerships with five new suppliers to enhance its supply chain resilience and reduce lead times[173]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market[166]. Research and Development - The company is focusing on new product development, particularly in the area of digital entertainment technology, aiming for a 15% increase in R&D investment in 2024[19]. - The company has invested heavily in R&D, leading to the successful launch of multiple next-generation products and continuous breakthroughs in international markets[50]. - The company has allocated 50 million RMB for research and development in new technologies for amusement equipment in 2024[173]. - The company has delivered 20 innovative products across 7 series to over 80 venues globally, and obtained 42 new patents, including 11 invention patents during the reporting period[59]. - The company holds 215 valid patents, including 50 invention patents, and has participated in the formulation of 26 national industry standards[51]. Corporate Governance and Compliance - The company is committed to enhancing its corporate governance practices, ensuring transparency and accountability in its operations[5]. - The company has engaged Minsheng Securities as its sponsor for ongoing supervision until December 31, 2025[23]. - The company has implemented changes in accounting policies as per the Ministry of Finance's new regulations effective January 1, 2023[24]. - The company has established a governance structure to avoid conflicts of interest among its executives and board members[160]. - The company has a fully independent operational capability, ensuring independence in assets, personnel, finance, institutions, and business from its controlling shareholders[149]. - The company has committed to avoiding any direct or indirect competition with its controlling shareholders in the amusement park business, ensuring compliance with competition commitments[157]. - The company has maintained a commitment to transparency and compliance with relevant regulations, ensuring no significant discrepancies in corporate governance practices[148]. Operational Efficiency - The company has implemented a new management team and organizational restructuring to improve operational efficiency and performance metrics[66]. - The company aims to improve the efficiency of raised funds and accelerate the progress of investment projects to achieve expected goals and benefits[109]. - The company is implementing new strategies to improve operational efficiency, aiming for a 10% reduction in production costs by the end of 2024[173]. - The company has strengthened its marketing service system, enhancing its ability to meet diverse customer needs and improving product quality and delivery capabilities[61]. - The company has established a comprehensive quality management system to mitigate risks associated with safety and reliability of its amusement facilities[129]. Financial Management - The company has completed a refinancing issuance in July 2023, enhancing its equity and asset structure to support long-term development[68]. - The company has established dedicated accounts for the management of raised funds, ensuring compliance with regulatory requirements[105]. - The total amount of raised funds across all methods is RMB 81,360.00 million, with a cumulative net amount of RMB 71,769.65 million[103]. - The company has not changed the use of raised funds, maintaining a 0.00% change in purpose ratio[103]. - The company has a strong pipeline of new products that are expected to be launched in the next fiscal year, which will contribute to revenue growth[166]. Employee and Shareholder Engagement - The total number of employees at the end of the reporting period is 981, including 725 at the parent company and 256 at major subsidiaries[193]. - The company has established a comprehensive internal training system to enhance employee skills and management capabilities[196]. - The company has actively engaged with institutional investors through online platforms, facilitating communication and transparency[135]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its non-independent directors and senior management, enhancing management efficiency and promoting long-term stable development[146]. - The company has scheduled its annual general meeting, where key financial reports and future strategies will be discussed[188]. Risk Management - The company acknowledges potential risks from macroeconomic factors, including weak demand and geopolitical tensions, which may impact its order intake and project expansion[126]. - The company is aware of accounts receivable risks due to the long production cycles and payment uncertainties, which may affect its cash flow[131]. - The company has established a comprehensive customer credit management system to mitigate the risk of bad debts due to economic fluctuations, enhancing contract quality and monitoring accounts receivable[132]. - The company faces intensified competition, prompting it to enhance product quality and service to maintain its market position and profitability[130].