杰美特(300868) - 2023 Q4 - 年度财报

Financial Performance - The company reported a significant decline in performance and incurred losses during the fiscal year, attributed to substantial credit impairment losses and asset impairment losses [4]. - The profit distribution plan approved by the board proposes no cash dividends or stock bonuses, reflecting the company's current financial constraints [4]. - The company's operating revenue for 2023 was ¥676,481,461.43, a decrease of 5.93% compared to ¥719,159,268.60 in 2022 [17]. - The net profit attributable to shareholders for 2023 was -¥91,622,868.58, an improvement of 20.69% from -¥115,920,263.70 in 2022 [17]. - The total equity attributable to shareholders at the end of 2023 was ¥1,534,282,293.52, down 5.67% from ¥1,625,987,390.11 at the end of 2022 [18]. - The company reported a total of ¥41,728,003.08 in non-recurring gains and losses for 2023, compared to ¥41,868,396.58 in 2022 [25]. - The net cash flow from operating activities improved by 40.03%, reaching -¥62,086,685.72 in 2023 compared to -¥103,522,983.71 in 2022 [17]. - The company experienced a quarterly revenue of ¥223,265,951.00 in Q3 2023, which was the highest among the four quarters [21]. - The net profit attributable to shareholders in Q3 2023 was ¥4,848,188.55, marking a positive turnaround compared to losses in other quarters [21]. Revenue Breakdown - The company achieved a revenue of 676.48 million yuan, with ODM/OEM business contributing 564.60 million yuan, accounting for 83.46% of total revenue, up from 76.79% in the previous year [34]. - The self-owned brand business generated revenue of 111.89 million yuan, representing 16.54% of total revenue, down from 23.21% in the previous year [34]. - Domestic sales increased by 26.23% to ¥453,255,324.96, making up 67.00% of total revenue, while export sales dropped by 38.01% to ¥223,226,136.47 [44]. - The company sold 42,101,937 units in the ODM/OEM business, a decrease of 14.96% from 49,508,609 units in 2022 [46]. - The gross profit margin for the ODM/OEM business was 10.48%, while the own brand business achieved a gross profit margin of 54.67% [45]. Market Challenges - The company faced challenges due to changes in the market environment, leading to a decrease in high-margin overseas customer revenue and an overall decline in gross profit margin [35]. - Accounts receivable collection periods have lengthened, resulting in increased bad debts, negatively impacting overall performance [36]. - The company anticipates potential risks from changes in the external market environment, particularly affecting its ODM/OEM business sales in 2024 [99]. - The company is actively analyzing and researching foreign exchange fluctuations to minimize their impact on operating performance [99]. Research and Development - Research and development expenses increased by 5.25% to ¥49,812,548.20 compared to the previous year [57]. - The number of R&D personnel increased to 189 in 2023, up 8.00% from 175 in 2022, with R&D personnel now accounting for 16.04% of the total workforce [62]. - The company is developing a new mobile phone case using liquid silicone and aramid fiber, aiming to enhance drop protection and comfort [58]. - The company has completed the development of several innovative mobile phone protective cases, addressing market pain points and enhancing competitiveness [61]. Corporate Governance - The company held 5 shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations [105]. - The board of directors convened 15 meetings, adhering to established rules and providing professional opinions for decision-making [106]. - The company maintains independence in its operations, personnel, assets, institutions, and finances from its controlling shareholders [110]. - The company has established a complete business process and system, allowing it to operate independently in the market [111]. Management Changes - The company has undergone significant management changes, with multiple appointments and resignations in 2023, indicating a strategic shift in leadership [124]. - The company appointed He Xiaonen as the new Chief Financial Officer on July 11, 2023, while Zhu Deyan stepped down from the position on July 15, 2023 [121]. - The new management team includes experienced professionals from various sectors, which may contribute to the company's growth and market expansion [127]. Financial Management - The company is focusing on optimizing its financial management system and enhancing operational efficiency to adapt to market challenges [97]. - The total remuneration for the board of directors, supervisors, and senior management in 2023 amounted to CNY 6.6501 million [133]. - The company has implemented a performance-based remuneration system for its senior management, reflecting operational performance and individual contributions [133]. Shareholder Information - The company reported a total of 68,932,494 shares held by all directors and executives at the beginning of the period, which decreased to 68,917,394 shares by the end of the period, reflecting a reduction of 15,100 shares [121]. - The total amount of shares that can be transferred by shareholders within 24 months after the lock-up period will not exceed 50% of their total shares at the time of the company's listing [171]. - Shareholders are limited to transferring no more than 25% of their total shares annually during their tenure as directors or senior management [169]. Legal Matters - The company is currently in the evidence collection phase of the lawsuit against Vinci Corporation and Incipio [181]. - The company has not reported any major litigation or arbitration matters during the reporting period [180]. - The company is involved in a lawsuit seeking overdue payments totaling $7,455,761.47 from Vinci Corporation and $242,000 for order cancellation losses [181].