Xingqiu Graphite(SH:688633)2024-04-25 09:54Financial Performance - The company's operating revenue for 2023 reached ¥770,763,664.08, representing an 18.35% increase compared to ¥651,234,537.34 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥147,696,124.35, a 4.27% increase from ¥141,654,259.24 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥127,690,137.28, reflecting a 2.80% increase from ¥124,208,191.09 in 2022[21]. - The company achieved a total revenue of 4,805 million RMB in 2023, slightly down from 4,801 million RMB in the previous year[70]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency compared to the previous year[137]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 4.50 CNY per 10 shares, totaling approximately 46.77 million CNY (including tax) based on a total share capital of 103,942,568 shares after accounting for repurchased shares[4]. - The cash dividend payout ratio for the year is 31.67%[4]. - The net cash flow from operating activities improved significantly, amounting to ¥93,589,109.94, compared to a negative cash flow of ¥65,095,168.04 in 2022[19]. - The company reported a 791.12% increase in cash generated from financing activities, totaling ¥587,072,779.91[105]. Research and Development - Research and development expenses accounted for 6.23% of operating revenue, a decrease of 1.25 percentage points from 7.48% in 2022[20]. - R&D expenses for the year amounted to RMB 48.01 million, accounting for 6.23% of operating revenue, with 46 new patents granted during the period[32]. - The company achieved a total R&D investment of ¥48,010,127.36, a decrease of 1.46% compared to the previous year[66]. - The company filed 50 new patent applications during the reporting period, with 46 patents granted, bringing the cumulative total to 392 applications and 244 granted[65]. Market and Product Development - The company aims to expand its market presence in various chemical sectors, including agriculture, pharmaceuticals, and environmental protection[37]. - The company is focusing on developing new applications for graphite materials to create new revenue sources and profit growth points[77]. - The company is actively pursuing new strategies to enhance operational efficiency and reduce costs[134]. - New product development initiatives are underway, focusing on innovative technologies to meet evolving customer demands[134]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[189]. - The company ensured compliance with information disclosure obligations, maintaining transparency and protecting minority shareholders' rights[125]. - The company held 8 supervisory board meetings during the reporting period, all conducted in accordance with relevant regulations[125]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system, including the establishment of over 15 environmental management regulations to enhance ecological protection[181]. - The company reduced carbon emissions by 164 tons through various measures, including a partnership for a photovoltaic power generation project that produces approximately 160,000 kWh annually[182]. - The company donated 84 computer hosts valued at approximately 150,000 RMB to Jiuhua Primary School, supporting local education initiatives[198]. Employee Management - The total number of employees in the company and its main subsidiaries is 640, with 468 in production, 27 in sales, 72 in technical roles, 11 in finance, and 62 in administration[153]. - The company has established a comprehensive training system to enhance employee capabilities, including both internal and external training programs[155]. - The company emphasizes employee health and well-being, providing regular health checks and various recreational activities to enhance employee satisfaction[191].