Jinggong Technology(SZ:002006)2024-04-24 08:32Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, based on a total share capital of 445,660,018 shares after excluding treasury shares[5]. - The proposed cash dividend for 2023 is CNY 1.50 per share, totaling CNY 67,149,002.70, based on a distribution base of 447,660,018 shares[181]. - The total cash dividend, including other methods, amounts to CNY 192,275,693.17, representing 100% of the profit distribution total[178]. - The cash dividend policy stipulates a minimum annual cash distribution of 10% of the distributable profits, with a cumulative distribution of at least 30% of the average annual distributable profits over the last three years[174]. Financial Performance - The company's operating revenue for 2023 was ¥1,540,068,490.56, a decrease of 34.66% compared to ¥2,357,118,655.25 in 2022[21]. - The net profit attributable to shareholders for 2023 was ¥183,298,842.90, down 37.51% from ¥293,312,861.41 in 2022[21]. - The net profit after deducting non-recurring gains and losses was ¥153,368,715.11, a decline of 43.21% from ¥270,073,972.13 in 2022[21]. - The basic earnings per share for 2023 was ¥0.40, down 37.50% from ¥0.64 in 2022[21]. - The total assets at the end of 2023 were ¥2,477,592,988.93, a decrease of 4.25% from ¥2,587,568,827.94 at the end of 2022[21]. - The net assets attributable to shareholders at the end of 2023 were ¥1,313,744,954.45, down 2.93% from ¥1,353,395,600.67 at the end of 2022[21]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan in 2023, representing a year-over-year growth of 15%[151]. - The company reported a net profit margin of 12% for 2023, an improvement from 10% in 2022, reflecting better cost management[151]. Market Position and Business Focus - The company has a market share of over 50% in the domestic carbon fiber production line market[32]. - The market share for the multi-crystalline silicon ingot furnace products is over 40%[32]. - The company aims to stabilize the domestic market share of domestic textile equipment at around 80% by the end of the "14th Five-Year Plan" period, with exports accounting for over 20% of the global market[42]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific financial targets were not disclosed[145]. - The company is actively pursuing opportunities in the new energy charging station construction and operation sectors, enhancing its resilience and risk resistance[48]. Research and Development - The company is actively involved in research and development, particularly in carbon materials and sustainable energy solutions[143]. - R&D investment amounted to ¥114,208,095.08 in 2023, representing a 5.41% increase from ¥108,347,598.21 in 2022, and accounting for 7.42% of operating revenue, up from 4.60%[71]. - The R&D budget for 2024 has been increased by 30%, totaling 300 million yuan, to support the development of new technologies[151]. - The innovation research institute will establish six research centers in 2024, including high-performance composite materials and new energy technology, to enhance R&D capabilities[106]. Governance and Management - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[122]. - The board of directors consists of 9 members, including 3 independent directors, ensuring diverse expertise and compliance with governance standards[125]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management and employees[128]. - The company emphasizes the protection of stakeholders' rights while maximizing shareholder interests, focusing on social welfare and environmental protection[131]. - The company has maintained a stable leadership team, with no significant changes in board composition during the reporting period[161]. Risk Management - The company emphasizes the importance of risk awareness regarding industry policy risks, intensified competition, and foreign exchange fluctuations[4]. - The company faces risks from industrial policy changes and economic cycles that could impact demand for its carbon fiber and new energy equipment[112]. - The company has implemented measures to hedge against foreign exchange risks, including foreign exchange hedging strategies to reduce the impact of currency fluctuations on profitability[116]. Environmental and Social Responsibility - The company published its 2023 Environmental, Social, and Governance (ESG) report, detailing its performance in these areas[193]. - The company faced an administrative penalty of 200,000 yuan due to environmental violations, which did not significantly impact its operations[191]. - The company has implemented emergency measures to address environmental issues and has completed on-site rectifications[191]. Employee Development - The total number of employees at the end of the reporting period was 1,343, with 701 in the parent company and 642 in major subsidiaries[169]. - The company completed 46 training sessions in 2023, with a total of 2,455 participants and over 13,400 hours of instruction, achieving a training completion rate of 100% and an average satisfaction rate of 97.64%[171]. - The employee compensation policy emphasizes competitive salaries, with a focus on technical, sales, and frontline production staff to enhance employee satisfaction and loyalty[170]. Strategic Initiatives - The company plans to enhance its management and intelligent manufacturing levels, focusing on new product development and market expansion in regions such as Xinjiang, Sichuan, and Guangdong[43]. - The company aims to build a "trinity carbon fiber industry chain" and establish a national-level technology center within 3-5 years through its 331 strategy[103]. - The company will focus on optimizing its industrial layout, forming a new development pattern of "one core, one foundation, three wings, and two enhancements" in 2024[102].