Lucky Harvest(SZ:002965)2024-04-24 12:13Financial Performance - The company's operating revenue for 2023 reached ¥5,703,204,128.39, representing a 32.96% increase compared to ¥4,289,468,316.52 in 2022 [22]. - The net profit attributable to shareholders for 2023 was ¥406,736,577.67, a 58.52% increase from ¥256,579,150.89 in 2022 [22]. - The net profit after deducting non-recurring gains and losses was ¥390,790,221.80, up 63.50% from ¥239,008,842.41 in 2022 [22]. - The net cash flow from operating activities increased by 148.67% to ¥367,369,594.09 from ¥147,735,650.02 in 2022 [22]. - The total assets at the end of 2023 were ¥6,624,389,934.93, a 20.40% increase from ¥5,502,123,843.32 at the end of 2022 [22]. - The net assets attributable to shareholders increased by 14.18% to ¥3,106,517,305.66 from ¥2,720,810,875.15 at the end of 2022 [22]. - The basic earnings per share for 2023 were ¥2.3036, reflecting a 48.74% increase from ¥1.5487 in 2022 [22]. - The diluted earnings per share for 2023 were ¥2.2978, a 59.15% increase from ¥1.4438 in 2022 [22]. - The weighted average return on equity for 2023 was 13.99%, up from 12.30% in 2022 [22]. Dividend Distribution - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares to all shareholders, based on a total share capital of 204,241,638 shares [5]. - The net profit attributable to the parent company's shareholders for 2023 is RMB 406,736,577.67, with total distributable profits amounting to RMB 1,245,848,488.49 [162]. - The cash dividend distribution represents 100% of the total profit distribution amount [160]. - The company has completed the 2022 profit distribution, with a cash dividend of RMB 4.36 per 10 shares, totaling RMB 77,724,864.57 [158]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions, ensuring clarity and transparency [159]. Business Operations - The company has not reported any changes in its main business since its listing [21]. - The company has maintained its registered address in Dongguan, Guangdong Province, with the latest adjustment made on June 16, 2023 [18]. - The company has established long-term stable partnerships with major raw material suppliers, ensuring a stable supply of materials such as steel and aluminum [41]. - The company holds over 500 patents, including 27 invention patents, demonstrating its strong focus on technology research and development [45]. - The company aims to accelerate the development of new energy-related products, particularly in the fields of new energy vehicles and energy storage equipment [42]. - The company has formed strategic partnerships with well-known enterprises such as GAC Aion, Geely, BYD, and CATL, becoming a first-tier supplier for major automotive manufacturers [46]. - The company’s production model is based on customized production, adopting a direct sales approach without intermediaries [40]. Market and Industry Trends - The company reported a significant growth in the automotive and renewable energy sectors, with the automotive industry achieving a production and sales growth of 11.6% and 12% respectively in 2023 [31][32]. - In 2023, the domestic telecommunications business revenue reached CNY 1.68 trillion, a year-on-year increase of 6.2% [34]. - The total number of 5G base stations in China reached 3.377 million by the end of the year, with a net increase of 1.065 million stations compared to the previous year [34]. - The telecommunications equipment market is experiencing rapid growth, with the company focusing on expanding its product offerings in this sector [35]. Research and Development - Research and development expenses increased by 24.06% to ¥207,267,348.75, reflecting the company's commitment to enhancing R&D investment [65]. - The number of R&D personnel increased by 46.25% to 449, indicating a significant investment in talent for innovation [67]. - The company is currently developing multiple new products aimed at enhancing production efficiency and reducing manufacturing costs, including high-precision battery boxes for new energy vehicles [67]. - The company plans to enhance its R&D capabilities by focusing on high-strength plates and aluminum-magnesium alloy molding technology, aiming to increase product value and innovation [94]. Financial Management - The company has implemented a robust mechanism to protect the rights of investors, particularly small and medium-sized investors [144]. - The company has committed to improving corporate governance to support its development [199]. - The company will strictly execute its cash dividend policy to protect investor interests [199]. - The company has promised to avoid direct or indirect related transactions during its shareholding period [199]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements [112]. - The company maintains independent research, production, and operational capabilities, ensuring no interference from the controlling shareholder [111]. - The company has established various committees under the board to provide professional opinions for decision-making [112]. - The governance structure of the company aligns with the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [117]. - The company has a supervisory board consisting of 3 members, ensuring compliance and oversight of management activities [113]. Employee Relations and Social Responsibility - The company adheres to labor laws and regulations, ensuring the protection of employee rights and benefits [185]. - The company has implemented various communication channels to address employee concerns and promote development [185]. - The company has made a total of RMB 460,000 in charitable donations during the reporting period to support educational and social welfare initiatives [191]. - The company emphasizes a commitment to corporate social responsibility, focusing on sustainable development and fair competition [181]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% [132]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years [132]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase production capacity by 40% [132]. - The company is investing 100 million RMB in R&D for innovative technologies over the next three years [132].