顺博合金(002996) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 11,944,652,338.97, representing a 7.94% increase compared to CNY 11,066,308,238.84 in 2022[24]. - The net profit attributable to shareholders decreased by 37.45% to CNY 124,949,766.71 from CNY 199,758,682.65 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 27.05% to CNY 93,865,307.43 from CNY 73,877,745.78 in 2022[24]. - Basic and diluted earnings per share fell by 39.13% to CNY 0.28 from CNY 0.46 in the previous year[24]. - The company's gross profit margin for aluminum alloy ingots was 1.04%, a decrease of 1.12% compared to the previous year[61]. - The company achieved a total revenue of CNY 11.94 billion in 2023, representing a year-on-year increase of 7.94% from CNY 11.07 billion in 2022[59]. - The sales volume reached 738,629.36 tons, a year-on-year growth of 16.17% compared to 635,801.68 tons in 2022[62]. - The company's aluminum alloy ingot sales accounted for 90.63% of total revenue, generating CNY 10.83 billion, up 5.02% from CNY 10.31 billion in 2022[59]. Cash Flow and Investments - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 415,406,922.85 compared to a net inflow of CNY 344,392,020.15 in 2022, marking a 220.62% decrease[24]. - Operating cash inflow for 2023 was ¥16,514,376,496.82, a 14.45% increase compared to 2022[71]. - Operating cash outflow for 2023 was ¥16,929,783,419.67, reflecting a 20.20% increase year-on-year[71]. - The net cash flow from investing activities was -¥791,498,138.88, which is a 15.06% increase from the previous year[72]. - The total investment amount for the reporting period was ¥587,316,665.11, representing a 76.15% increase compared to ¥333,421,769.58 in the same period last year[81]. Production and Capacity - The company has established four production bases with a total capacity of 950,000 tons for casting aluminum alloy, covering major consumption markets in Southwest, South China, East China, and Central China[40]. - The company aims to achieve a year-on-year growth in sales of casting aluminum alloy products by deepening regional market expansion and enhancing customer loyalty[40]. - The company plans to complete the construction of its Anhui Shunbo Phase II project, with a capacity of 630,000 tons, by 2024 and aims for partial production in 2025[41]. - The company has achieved a production capacity of 950,000 tons across its four production bases located in Chongqing, Guangdong, Hubei, and Anhui, enhancing its market presence in key regions[50]. Market Position and Strategy - The company is positioned in the rapidly developing recycled aluminum industry, benefiting from national policy support for resource recycling and utilization[34]. - The company is actively expanding its market share and customer base through strategic acquisitions, including the purchase of a company with a 50,000-ton aluminum plate capacity[55]. - The company aims to deepen its market penetration in South China, particularly Guangdong, and East China, focusing on Jiangsu and Zhejiang, while also exploring potential markets in Central China[111]. - The company plans to leverage its industry reputation and technical capabilities to enter the recycled wrought aluminum raw material supply market, creating new market opportunities[111]. Environmental Compliance and Sustainability - The company emphasizes environmental protection and safety in production, adhering to national and local discharge standards while preparing for potential future regulatory changes[115]. - The company is committed to adhering to industry standards for air pollutant emissions, including the "Emission Standards for Pollutants from the Recycled Copper, Aluminum, Lead, and Zinc Industries" established in April 2015[170]. - The company is involved in the development of new technologies and products in the recycled aluminum sector, contributing to sustainable economic growth[168]. - The company has implemented advanced filtration systems, including bag filters and activated carbon adsorption, to reduce particulate matter emissions[172]. - The company is committed to maintaining compliance with environmental standards, as evidenced by its monitoring of emissions across 4 major pollutant categories[179]. Governance and Management - The company is committed to enhancing its governance structure in accordance with relevant laws and regulations, ensuring the protection of shareholder rights and interests[121][122][123]. - The company has established a robust internal control system to ensure accurate and timely information disclosure, complying with regulatory requirements[124]. - The company has a total of 7 directors, including independent directors, ensuring diverse governance[128]. - The company has a structured remuneration system based on individual performance and company regulations[142]. - The company has established a comprehensive human resources management system to protect employee rights and ensure timely payment of wages and benefits[199]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, highlighting potential risks and countermeasures in future development[4]. - The company has established comprehensive risk control measures for its hedging activities, including setting reasonable stop-loss lines and monitoring account risk levels[88]. - The company is exposed to risks from aluminum price fluctuations, which can impact gross profit margins due to the time lag between raw material procurement and product sales[113]. - To mitigate aluminum price risks, the company will enhance supplier relationships, optimize procurement strategies, and adjust inventory levels accordingly[114]. Shareholder Engagement - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[158]. - The company maintains a strong commitment to investor relations, ensuring regular updates and transparency in communications[117][118]. - The company conducted multiple investor relations activities, including on-site visits and online meetings, to discuss operational performance with various institutional investors[117][118][119].