GMK(SZ:300619)2024-04-24 14:02Financial Performance - The company's total revenue for 2023 reached ¥2,251,845,336, representing a 23.79% increase compared to ¥1,819,085,836 in 2022[20]. - Net profit attributable to shareholders for 2023 was ¥93,713,986, marking a 40.77% increase from ¥66,629,723.99 in 2022[20]. - The basic earnings per share increased by 38.65% to ¥1.0490 in 2023, up from ¥0.7572 in 2022[20]. - Total assets as of the end of 2023 amounted to ¥4,605,232,081, a 43.03% increase from ¥3,219,375,818 at the end of 2022[20]. - The company's net cash flow from operating activities for 2023 was ¥44,015,671.5, a significant decrease of 109.09% compared to ¥62,563,080.02 in 2022[20]. - The company reported a net profit of ¥85,048,042.7 after deducting non-recurring gains and losses, which is a 22.55% increase from ¥69,451,956.60 in 2022[20]. - The company's total revenue for 2023 reached CNY 2,251.85 million, representing a year-on-year growth of 23.79%[86]. - The net profit attributable to the parent company was CNY 93.71 million, an increase of 40.77% compared to the previous year[86]. - The net profit after deducting non-recurring gains and losses was CNY 85.05 million, up by 22.55% year-on-year[86]. - The company's gross margin for 2023 was 21.61%, showing a slight recovery from 20.88% in 2022, but still lower than 22.72% in 2021[134]. Dividend Distribution - The company plans to distribute a cash dividend of 2.73 CNY per 10 shares to all shareholders, based on a total of 102,958,378 shares[3]. - The company reported a total distributable profit of 363,157,498.83 yuan, with 100% of the profit distribution allocated to cash dividends[177]. - The company has not made any changes to its profit distribution policy during the reporting period, ensuring clarity and compliance with regulations[175]. - The company will not issue bonus shares but will increase its capital by converting 3 shares for every 10 held, resulting in a total increase of 30,887,513 shares, raising the total share capital to 133,845,891 shares[178]. Operational Structure - The company has a total of six wholly-owned subsidiaries and two holding subsidiaries, indicating a diversified operational structure[14]. - The company has not changed its registered address, which remains in Foshan, Guangdong Province[16]. - The company has a dedicated investor relations team to facilitate communication with shareholders and stakeholders[17]. - The company has established a robust internal control system to enhance operational standards and governance, ensuring clear responsibilities among various governance bodies[182]. Risk Management - The company emphasizes the importance of monitoring risks such as raw material price fluctuations and macroeconomic volatility[3]. - The company's future plans and projections are subject to various uncertainties, highlighting the need for investors to be aware of investment risks[3]. - The company has experienced uncertainty regarding its ability to continue as a going concern, as indicated by recent audit reports[22]. - The company faces risks from raw material price fluctuations, which significantly impact its gross margin, particularly in lithium battery production equipment[133]. - The company reported that the macroeconomic environment has affected its downstream markets, leading to reduced investment willingness from clients in the organic silicon and lithium battery sectors[133]. Research and Development - Research and development expenses rose to ¥110,331,886.75, marking a 25.05% increase compared to ¥88,227,449.75 in 2022[101]. - The company aims to enhance its R&D capabilities by increasing investment in product development and collaborating with universities and research institutions[135]. - The company has established a research center for organic silicone new materials, enhancing its R&D capabilities and innovation in product development[68]. - The company is currently developing a high-performance lithium battery electrode slurry preparation technology, aimed at improving production efficiency and material performance[103]. Market Position and Industry Trends - The company is a leading manufacturer in the high-end intelligent equipment sector, focusing on new energy equipment for lithium and sodium batteries[32]. - The company is a leading manufacturer of organic silicon and chemical new materials equipment, with a comprehensive product line and the highest production and sales volume in the industry[34]. - The demand for energy storage batteries in China saw a significant increase, with new grid-connected projects reaching 22.8 GW/49.1 GWh in 2023, nearly three times the capacity of 2022[41]. - The penetration rate of new energy vehicles in China reached 31.6% in 2023, with sales of 9.495 million units, a year-on-year increase of 37.9%[40]. Corporate Governance - The company has a governance structure that includes a board of directors with 7 members, 3 of whom are independent directors, ensuring compliance with legal requirements[143]. - The company is committed to continuous improvement in corporate governance, enhancing its operational standards and internal control systems[141]. - The company has established an independent personnel management system, ensuring that senior management does not hold positions in related enterprises[149]. - The company has maintained the same scope of consolidated financial statements compared to the previous year[197]. Sustainability Initiatives - The company is committed to sustainability initiatives, aiming for a 25% reduction in carbon emissions by 2025[158]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[188]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[188]. - The company has no significant environmental issues or violations reported during the year[188]. Legal Matters - The company is involved in a lawsuit with Wuxi Lingge Machinery Technology Co., Ltd. regarding patent infringement, with a claim amount of 8 million RMB, but the judgment will not significantly impact the company's profits[199]. - The company will take necessary legal measures to protect its rights following the court's decision[200].