景嘉微(300474) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥713,248,175.43, a decrease of 38.19% compared to the adjusted revenue of ¥1,153,934,901.20 in 2022[13]. - Net profit attributable to shareholders for 2023 was ¥59,681,142.77, down 79.35% from the adjusted net profit of ¥288,963,998.35 in 2022[13]. - The net profit after deducting non-recurring gains and losses for 2023 was ¥23,007,284.60, a decline of 91.16% compared to the adjusted figure of ¥260,385,190.87 in 2022[13]. - The total operating revenue for the company was ¥713,248,175.43, representing a year-on-year decrease of 38.19%[41]. - The revenue from graphic display control products was ¥464,615,225.01, accounting for 65.14% of total revenue, with a year-on-year decrease of 28.62%[41]. - The revenue from chip products was ¥101,108,850.20, with a significant year-on-year decrease of 61.13%[42]. - The company reported a total of 171,319,528 shares held by directors and senior management at the beginning of the period[103]. - The company reported a total of 454,660,109 shares before the recent changes, with 3,074,905 new shares issued, resulting in a total of 457,735,014 shares post-adjustment[192]. Dividends and Shareholder Returns - The company plans to distribute cash dividends of 0.5 yuan per 10 shares to all shareholders, with no bonus shares issued[3]. - The proposed cash dividend for 2023 is 1.20 yuan per 10 shares, totaling approximately 55 million yuan based on the total share capital as of April 24, 2024[95]. - The company has cumulatively distributed cash dividends of 306 million yuan since its listing, accounting for 22.98% of the net profit attributable to shareholders during that period[95]. - The company’s total cash dividend for the reporting period accounted for 100% of the total distributable profit[142]. Research and Development - The company is investing in R&D for new technologies, specifically in the JM9 series graphics processing chips, aiming for a 30% improvement in processing speed[6]. - Research and development expenses increased by 25% to 300 million CNY, focusing on advanced semiconductor technologies[23]. - The company’s R&D expenditure for 2023 was CNY 331,233,380.78, which accounted for 46.44% of total revenue, a significant increase from 27.33% in 2022[58]. - The company has established a strong R&D team, with 734 R&D personnel, representing over 64.39% of the total workforce of 1,140 employees[35]. - The company has applied for a total of 231 patents during the reporting period, including 188 national invention patents and 29 utility model patents, with 107 invention patents already authorized[37]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[4]. - Market expansion efforts include entering two new international markets, targeting a 20% increase in overseas sales by the end of 2024[5]. - The company aims to increase its market share in the high-end chip sector by 5% over the next two years through strategic partnerships[5]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[23]. - The company is exploring opportunities in the electric vehicle sector, with plans to develop specialized chips for EV applications[23]. Operational Efficiency - The management highlighted a 10% reduction in operational costs due to improved efficiency measures implemented in 2023[4]. - The total operating cost was ¥282,995,265.82, which is a decrease of 29.91% year-on-year, primarily due to reduced revenue[47]. - The company experienced a 49.54% reduction in utility costs, amounting to ¥1,584,773.49[47]. Risk Management - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[4]. - The company faces potential risks from macroeconomic fluctuations that could impact its operations and profitability[80]. - The company acknowledges the intensifying market competition in new application areas, which may pose challenges to its growth strategy[81]. Corporate Governance - The company has implemented a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholders' rights[92]. - The company has a diverse board with members holding various positions in other organizations, enhancing its governance structure[122]. - The company has established measures to ensure that executive compensation is linked to the execution of return compensation measures[168]. - The company has not identified any areas requiring rectification in its governance practices during the self-assessment process[153]. Investor Relations - The company has engaged with a total of 104 investors from 94 institutions during its investor relations activities, indicating strong interest from the investment community[83]. - The company has maintained a proactive approach in investor relations, with detailed records of activities available on the Giant Tide Information Network[84]. - The company has been rated A-level in information disclosure by the Shenzhen Stock Exchange for three consecutive years, indicating a commitment to transparency and investor communication[93]. Environmental and Social Responsibility - The company emphasizes environmental protection as a core strategy and adheres to national environmental laws[154]. - The company donated a total of 767,500 yuan to social welfare initiatives during the reporting period[157]. - The company has committed to protecting the rights of shareholders, particularly small and medium-sized investors, by enhancing its governance structure[155]. Human Resources - The total number of employees at the end of the reporting period is 1,140, with 804 in the parent company and 336 in major subsidiaries[135]. - The company has a total of 24 employees with a doctoral degree, accounting for about 2.1% of the workforce[136]. - The company has a significant number of employees with master's degrees, totaling 373, which is about 32.7% of the workforce[136]. - The company has a structured talent development program focusing on management, technical expertise, and new graduate training[138]. Stock Options and Incentives - The company implemented the first exercise period of the 2021 stock option incentive plan from May 12, 2023, to February 8, 2024, with a total of 898,236 options available at an exercise price of 81.667 CNY per share[145]. - The company’s stock option plan is part of its strategy to incentivize key personnel and align their interests with shareholders[198]. - A total of 3,074,905 shares were exercised under the 2021 stock option incentive plan during the reporting period, with the total share capital increasing from 454,660,109 shares to 457,735,014 shares[145].