TMD(SZ:000762)2024-04-25 11:31Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, based on a total of 521,174,140 shares[5]. User Growth and Market Expansion - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[18]. - Market expansion efforts include entering two new provinces, aiming for a 10% increase in market share by the end of the next fiscal year[18]. Financial Performance - The company's operating revenue for 2023 was ¥805,511,794.40, a decrease of 63.54% compared to ¥2,209,194,199.05 in 2022[26]. - Net profit attributable to shareholders for 2023 was ¥163,813,140.71, down 79.40% from ¥795,335,687.31 in 2022[26]. - The net profit after deducting non-recurring gains and losses was ¥131,083,123.90, reflecting an 83.09% decrease from ¥775,325,337.17 in 2022[26]. - Basic and diluted earnings per share for 2023 were both ¥0.31, a decline of 79.74% from ¥1.53 in 2022[26]. - The weighted average return on equity for 2023 was 5.41%, down 31.39% from 36.80% in 2022[26]. - The company reported a net cash flow from operating activities of ¥380,359,374.22 in 2022, down 77.01% from ¥1,654,654,045.41 in 2021[26]. Research and Development - The company is investing in new technology development, with a budget allocation of 50 million yuan for R&D in lithium extraction technologies[18]. - The company has 8 patents related to lithium extraction technology, reflecting its commitment to R&D[80]. - Research and development expenses for 2023 were CNY 561,949.98, down from CNY 981,132.05 in 2022, indicating a reduction of about 42.7%[152]. Sustainability Initiatives - The company is committed to sustainability, with plans to reduce carbon emissions by 25% over the next five years[18]. Operational Efficiency - The management highlighted a 30% reduction in operational costs due to efficiency improvements in the production process[18]. Mergers and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its resource base, targeting a 20% increase in production capacity[18]. Shareholder Information - The company had a total of 139,923 shareholders at the end of the reporting period[32]. - The largest shareholder, Tibet Mining Asset Management Co., Ltd., held 20.48% of the shares, totaling 106,726,583 shares[32]. - The top ten shareholders of the company include Tibet Mining Asset Management Co., Ltd. holding 20.86% of total shares, and the total shares held by the top ten shareholders decreased to 20.48% by the end of the reporting period[40]. Market Conditions - In 2023, lithium carbonate prices dropped from CNY 509,000/ton to CNY 179,000/ton, a decline of 64.83%[73]. - The chromium market showed strong demand, with high-carbon ferrochrome prices fluctuating between CNY 8,500 and CNY 9,200 per 50 basis tons[74]. Financial Audit and Compliance - The company’s financial report received a standard unqualified opinion from the auditing firm Tianjian[62]. - The company is responsible for ensuring the financial statements reflect a true and fair view, maintaining necessary internal controls to prevent material misstatements due to fraud or error[100]. - The audit aimed to provide reasonable assurance that the financial statements are free from material misstatement due to fraud or error[101]. Cash Flow and Investments - The total cash inflow from investment activities reached ¥1,054,372,075.55 in 2023, a substantial increase from ¥24,680,840.97 in 2022[161]. - The net cash flow from investment activities was ¥534,011,222.20, recovering from a negative cash flow of -¥412,125,705.22 in the previous year[161]. - The total cash inflow from operating activities in 2023 was ¥1,173,940,798.46, a decrease of 50.43% compared to ¥2,368,305,377.69 in 2022[5]. Inventory and Production - The company reported a significant reduction in inventory levels, with lithium concentrate inventory down 38.58% to 9,865.79 tons[114]. - The sales volume of lithium concentrate decreased by 16.46% to 126,927.87 tons, while production volume fell by 16.99% to 120,730.89 tons[113]. Strategic Partnerships - The company has established a strategic partnership with a leading technology firm to enhance its product offerings and innovation capabilities[18]. Financial Position - Total assets at the end of 2023 were ¥8,143,611,169.68, an increase of 8.38% from ¥7,513,946,450.56 at the end of 2022[26]. - Total liabilities rose to CNY 4,344,623,641.63 from CNY 3,452,027,180.64, indicating an increase of around 25.83%[141]. - The company's equity attributable to shareholders decreased to CNY 2,883,025,430.71 from CNY 2,959,646,141.93, a decline of about 2.57%[141].