CH AUTO(SH:605018)2024-04-25 09:54Financial Performance - The company's operating revenue for 2023 reached ¥2,421,922,542.42, representing a year-on-year increase of 31.96% compared to ¥1,835,343,580.09 in 2022[22] - The net profit attributable to shareholders of the listed company was ¥109,216,722.38, a slight decrease of 0.27% from ¥109,511,891.27 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥97,630,128.55, down 5.39% from ¥103,194,806.94 in 2022[22] - The net cash flow from operating activities was ¥155,737,408.39, a decrease of 15.97% compared to ¥185,345,233.82 in the previous year[22] - The basic earnings per share for 2023 was 0.23 yuan, down 4.17% from 0.24 yuan in 2022[24] - The total assets increased by 6.46% to 3,626.93 million yuan at the end of 2023, compared to 3,406.77 million yuan at the end of 2022[23] - The company's net assets attributable to shareholders increased by 3.49% to 2,720.43 million yuan at the end of 2023[23] - The operating profit was CNY 10,677.87 million, reflecting a decline of 1.78% year-on-year[73] - The gross profit margin for automotive parts was 13.01%, which decreased by 1.95 percentage points year-on-year[79] Dividends and Shareholder Returns - The company proposed a cash dividend of ¥2.00 per 10 shares, totaling ¥92,836,150.60, which accounts for 93.02% of the net profit attributable to shareholders for the year[6] - The total cash dividend, including the share repurchase amount of ¥8,756,467.00, reached ¥101,592,617.60 for the year[6] - The company did not issue bonus shares or convert capital reserves into share capital for the year[6] - The cash dividend policy remains unchanged during the reporting period, adhering to the company's articles of association[169] - The cash dividend proposal for 2023 was approved by the board on April 25, 2024, pending shareholder meeting approval[172] Customer and Market Development - The company added 87 new customers in 2023, including 11 new OEM customers and 76 secondary suppliers[34] - The company's sales revenue from new energy vehicle components reached approximately 310 million yuan, accounting for 12.80% of total revenue, while sales from shared products for fuel and new energy vehicles amounted to about 485 million yuan, representing 20.03% of total revenue[35] - The company has established stable new energy business partnerships with nearly 30 automotive manufacturers, including 5 ranked in the top 10 of new energy vehicle sales for 2023[35] - The company signed a strategic cooperation agreement with Jinbo Co., focusing on carbon-ceramic brake systems and stainless steel fasteners, enhancing collaboration in the supply chain[36] - The company is enhancing its product matrix by expanding into new areas such as aluminum die-casting and lightweight components, aligning with the growing NEV market[53] Research and Development - Research and development expenses totaled 92.89 million yuan, representing 3.84% of total revenue, with 210 patents held, including 24 invention patents[42] - The company has 210 patents and invested 92.89 million yuan in R&D during the reporting period, successfully transitioning over 1,150 products[63] - The number of R&D personnel is 323, making up 14.12% of the total workforce[88] - The company plans to strengthen its new energy business by increasing R&D investment and focusing on technological innovation in response to the growing market for new energy vehicles[114] Environmental and Sustainability Efforts - The company invested approximately 7.30 million yuan in environmental protection during the reporting period[181] - The company achieved a wastewater treatment compliance rate of 100% in 2023, with all wastewater meeting the GB8978-1996 Class III discharge standards[188] - The company has established a hazardous waste management system, including a hazardous waste warehouse and transfer documentation, in compliance with national regulations[189] - The company reduced carbon dioxide equivalent emissions by approximately 2,799.3 tons in 2023, with nearly 570 tons from new measures and 530 tons from previous boiler and curing oven modifications[199] - The company actively promotes green manufacturing technologies to enhance resource utilization efficiency and reduce pollution emissions[197] Governance and Management - The company established and revised 10 governance systems and created 2 new systems during the reporting period, ensuring a complete governance structure[130] - The company held 2 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[131] - The board of directors consists of 7 members, including 3 independent directors, and operates independently from the controlling shareholder[133] - The internal control system was effectively executed during the reporting period, with timely disclosures of internal control evaluation and audit reports[136] - The company has implemented measures to address raw material price fluctuations, including long-term supply contracts and flexible procurement strategies[126] Employee and Talent Management - The company has a total of 2,288 employees, with 439 in the parent company and 1,849 in major subsidiaries[165] - The workforce includes 1,680 production personnel, 48 sales personnel, 119 technical personnel, 30 financial personnel, and 411 administrative personnel[166] - The company has implemented a comprehensive training plan to enhance employee skills and management capabilities, including both internal and external training[168] - The company emphasizes a competitive and fair compensation policy, aligning salary with responsibilities and contributions[167] Risks and Challenges - The company faces risks related to the cyclical nature of the automotive industry, which is closely tied to macroeconomic conditions, and plans to strengthen its new energy business to mitigate these risks[123] - The company reported a net cash flow from operating activities of 155,737,408.39 yuan, a decrease of 15.97% from the previous year[92] - The company has not faced any penalties from securities regulatory agencies in the past three years[153]