Financial Performance - In 2023, the company's operating revenue reached ¥83,294,030.24, representing a 2.87% increase compared to ¥80,972,220.17 in 2022[24]. - The net profit attributable to shareholders was ¥27,548,259.77, showing a slight decrease of 0.52% from ¥27,692,594.65 in the previous year[24]. - The gross profit margin for 2023 was 65.60%, down from 70.76% in 2022[24]. - The net profit after deducting non-recurring gains and losses was ¥21,104,569.92, a decrease of 19.78% compared to ¥26,308,511.37 in 2022[24]. - The weighted average return on net assets based on net profit attributable to shareholders was 12.40% in 2023, down from 25.41% in 2022[24]. - Basic earnings per share decreased by 27.10% to ¥0.78 from ¥1.07 in 2022[24]. - The company reported a decrease in revenue from core business activities, with a total of ¥76,522,468.59, down 4.79% from ¥80,369,027.33 in 2022[24]. - Operating cash flow decreased by 1.78% to CNY 19,730,742.78 compared to CNY 20,089,323.85 in 2022[26]. - The company reported a significant increase in other business income, which rose by 1022.62% to CNY 6,771,561.65, primarily due to the sale of investment properties[54][60]. - The financial expenses decreased dramatically by 1224.14% in 2023, attributed to increased interest income from raised funds of CNY 118 million[51]. Company Developments - The company was listed on the Beijing Stock Exchange on January 30, 2023[2]. - The company was selected as one of the fifth batch of national "specialized, refined, and innovative" small giant enterprises in July 2023[2]. - The company launched the P2 series general motion controller for glue dispensing machine manufacturers, enhancing its product offerings[37]. - The company added 2 invention patents and 1 software copyright during the reporting period, bringing the total to 31 invention patents and 55 software copyrights by the end of 2023[38]. - The company completed the research and development of a precision dispensing machine control system, which is expected to enhance the competitiveness of domestic specialized CNC machines[82]. - The company has developed an independent synchronous pulse motion control system, aimed at optimizing motion control and logic control technology across various electronic manufacturing equipment[82]. Financial Position - Total assets increased by 84.56% to CNY 261,634,256.55 compared to CNY 141,762,735.72 at the end of 2022[26]. - The company's debt-to-asset ratio decreased to 7.30% from 19.30% in the previous year, indicating improved financial stability[26]. - The company reported a significant increase in net assets attributable to shareholders by 110.54% to CNY 245,127,237.52[26]. - The company's cash and cash equivalents at the end of 2023 amounted to 66.58 million yuan, accounting for 25.45% of total assets, an increase of 9.43% from the previous year[42]. - Accounts receivable increased by 40.70% year-on-year to 29.49 million yuan, representing 11.27% of total assets, due to revenue recognition timing[45]. - The company’s inventory was 31.58 million yuan, accounting for 12.07% of total assets, showing a slight decrease of 0.52% from the previous year[42]. Research and Development - Research and development expenses accounted for 19.02% of operating revenue in 2023, slightly down from 19.68% in 2022[50]. - The total number of R&D personnel increased from 55 to 61, with R&D personnel now representing 40.74% of the total workforce[80]. - R&D expenditure for the top five projects totaled approximately ¥15.84 million, with the total R&D expenditure for the period reaching ¥32.59 million[150]. - The company focuses on the research and development of core technologies in motion control, providing solutions for intelligent manufacturing equipment across various industries[153]. Market and Industry Trends - The global smartphone shipment in 2023 was 1.14 billion units, a year-on-year decline of 4%, indicating a recovering trend in the market[40]. - The domestic electronic information manufacturing industry saw a fixed asset investment growth rate of 9.3% in 2023, down from 22.3% in 2021[41]. - The precision fluid control equipment market in China is expected to rise to CNY 49 billion by 2025, with a compound annual growth rate of 12.5%[93]. - The global electronic manufacturing services (EMS) market is projected to exceed USD 700 billion[93]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations, and has not encountered any significant deficiencies in internal management[160]. - The company has implemented a network voting system for shareholders, ensuring equal rights and protections for all shareholders during meetings[161]. - The company has made two amendments to its articles of association during the reporting period, enhancing its governance framework[163]. - The company has committed to enhancing its internal control systems to protect shareholder rights and ensure stable development[169]. - The company has maintained compliance with legal and regulatory requirements in its governance practices throughout the reporting period[168]. Risks and Challenges - The company faces significant uncertainties from market competition, which may lead to a decrease in market share and customer loss[96]. - The company is addressing market risks by integrating application modules into general motion controllers to create a differentiated competitive advantage[97]. - The company has a high reliance on the Apple supply chain, with revenue from this sector increasing, posing a risk if partnerships weaken or market demand declines[98]. - The company experienced a decline in main business revenue and net profit in 2023 due to macroeconomic slowdown and weak downstream demand, indicating a risk of performance downturn[98]. Shareholder Information - The total number of ordinary shares increased from 26,000,000 to 36,192,117 after issuing 10,192,117 shares in a public offering[113]. - Major shareholders include Zhao Jun with 16.35% and Chengdu Tianjian with 10.22% of shares[114]. - The company plans to distribute a cash dividend of CNY 4.00 per 10 shares, totaling a cash distribution of CNY 4.00 per share[130]. - The company has a total of 154 employees at the end of the reporting period, an increase of 14.1% from 135 at the beginning of the period[138].
乐创技术(430425) - 2023 Q4 - 年度财报