KEDE Numerical (SH:688305)2024-04-24 12:01Financial Performance - The company plans to distribute a cash dividend of 2.50 CNY per 10 shares, totaling approximately 25.43 million CNY (including tax) based on a total share capital of 101,702,906 shares[6]. - The company has not achieved profitability since its listing[5]. - The company reported a significant increase in revenue for 2023, reaching RMB 1.5 billion, representing a growth of 20% compared to the previous year[15]. - The company's operating revenue for 2023 reached ¥452,256,130.89, representing a 43.37% increase compared to the previous year[21]. - Net profit attributable to shareholders increased by 69.01% to ¥101,985,481.96, driven by higher sales revenue and improved gross margin[25]. - The net profit after deducting non-recurring gains and losses surged by 102.19% to ¥76,989,643.92, reflecting strong sales performance[25]. - Basic and diluted earnings per share rose by 66.41% to ¥1.0945, attributed to the increase in net profit[24]. - The cash flow from operating activities showed significant improvement, with a net cash inflow of ¥44,567,244.53, driven by increased sales and collections[25]. - The company's total assets increased by 12.20% to ¥1,499,732,294.73, compared to the end of the previous year[23]. - The gross margin improved to 35%, up from 30% in the previous year, due to cost optimization strategies[15]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[15]. - The company plans to implement a new marketing strategy aimed at increasing online sales by 40% in 2024[15]. - The company plans to continue expanding its product offerings and market presence, leveraging the scale effects observed in recent performance[25]. - The company is actively expanding into overseas markets while deepening cooperation with clients in various civilian sectors such as energy, automotive, and machinery[36]. - The company aims to enhance its product offerings with automated systems and high-precision controls to meet the growing demands of the aerospace and automotive markets[58]. Research and Development - Research and development investments increased by 30% in 2023, focusing on advanced automation technologies[15]. - The company added 46 new patents in 2023, including 20 international invention patents, bringing the total to 289 patents by the end of the year[41]. - The company has established a comprehensive R&D system to support product development and lifecycle management, involving multiple departments such as the research institute, design institute, and production technology department[80]. - The company is focusing on a technology strategy that emphasizes platformization and modularization of core technologies to maximize value and facilitate independent evolution[190]. - The company is enhancing its management capabilities to ensure product quality, especially with the upcoming production operations from new investment projects[192]. Product Development and Innovation - New product launches include the GNC series CNC systems, which are expected to enhance market competitiveness and drive sales growth[13]. - The company has developed high-end five-axis CNC machine tools with advanced capabilities for complex feature processing, achieving higher efficiency and precision compared to traditional CNC machines[46]. - The company launched a new six-axis five-linkage blade processing center, enhancing the efficiency of processing large blade components for new aerospace engines, contributing to the domestic aerospace industry's development[40]. - The company has developed specialized software for specific machining processes, such as tool grinding, to meet user-specific requirements, showcasing its capability in tailored solutions[98]. - The company is focusing on building a strong brand value around its five-axis CNC machine tools, transitioning from providing complete machines to flexible production lines[191]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees to external parties[8]. - The company has received a standard unqualified audit report from the accounting firm[6]. - The company’s board of directors has fully attended the board meeting[6]. - The company held 3 shareholder meetings during the reporting period, all of which complied with legal and regulatory requirements[200]. Risks and Challenges - The company faces risks from intensified competition in the high-end CNC machine tool market, primarily dominated by foreign firms[136]. - The company is exposed to risks related to the procurement of raw materials, which could face price increases or supply delays due to international trade tensions[137]. - The company is subject to macroeconomic risks that could impact demand for high-end CNC machine tools if economic growth slows[140]. - The company is expanding its product offerings into aerospace, automotive, and machinery sectors, which may lead to varying demand and revenue growth challenges[135]. Awards and Recognition - The company received the "Spring Swallow Award" for innovation in CNC technology, enhancing its brand recognition in the industry[13]. - The company received the national-level "Little Giant" enterprise recognition in 2023, reaffirming its status in the industry[102]. - The company has received multiple awards for its high-end CNC machine products, including recognition from the China Machinery Engineering Society for manufacturing maturity levels[133].