Taihe(605081)2024-04-25 13:18Financial Performance - The company's operating revenue for 2023 was CNY 183,029,511.48, a decrease of 10.89% compared to CNY 205,407,095.53 in 2022[22]. - The net profit attributable to shareholders for 2023 was CNY -287,437,449.09, representing a decline of 79.31% from CNY -160,305,172.67 in 2022[22]. - The cash flow from operating activities for 2023 was CNY -62,565,748.97, an improvement of 35.12% compared to CNY -96,428,580.72 in 2022[22]. - Total assets at the end of 2023 were CNY 1,680,635,157.50, down 12.10% from CNY 1,911,911,213.96 at the end of 2022[22]. - The net assets attributable to shareholders decreased by 18.01% to CNY 1,309,057,158.13 from CNY 1,596,606,543.81 in 2022[22]. - The company reported a decrease in revenue from its main business activities, with a total of CNY 182,918,928.02, down 10.95% from the previous year[22]. - Basic earnings per share were -2.54 RMB, down 78.87% from -1.42 RMB in 2022[24]. - The weighted average return on equity was -19.79%, compared to -9.36% in 2022[24]. - The gross profit margin for ecological protection and environmental governance decreased by 41.17 percentage points to 3.66%[58]. - Operating costs increased by 51.77% to 171.99 million yuan, primarily due to rising material and subcontracting costs[53]. - Sales expenses surged by 140.46% to 62.68 million yuan, attributed to increased after-sales maintenance and consulting service fees[53]. Strategic Initiatives - The company plans not to distribute profits or increase capital reserves for the fiscal year 2023 due to a negative net profit[6]. - The company aims to achieve sustainable development by balancing water environment protection and resource utilization in the face of economic challenges[36]. - The company is actively investing in R&D to innovate and upgrade its technologies in the competitive water ecological restoration market[36]. - The company plans to expand its offline sales channels and initiate a new trademark "Taihexi," collaborating with well-known retailers for OEM partnerships[41]. - The company plans to focus on high-quality functional drinking water, starting with natural soda water, to expand its health consumption sector[84]. - The company plans to enhance its digital marketing efforts, allocating 50 million RMB to improve customer engagement and brand awareness[102]. - The company plans to implement a shareholder return plan for the next three years (2023-2025) as part of its strategic initiatives[110]. Research and Development - Total R&D investment amounted to ¥18,672,421.05, representing 10.20% of operating revenue[64]. - The company has 50 R&D personnel, accounting for 10% of total employees[65]. - The company holds 72 utility model patents and 12 domestic invention patents related to its water ecological restoration technology, showcasing its strong R&D capabilities[42]. - The company has increased its investment in research and development to enhance technological innovation and industry upgrades in the water ecological restoration sector[72]. - The company has invested 100 million RMB in research and development for innovative water treatment technologies[102]. Market Position and Competition - The company is facing intensified international competition in the water ecological restoration industry, necessitating continuous technological innovation and brand building to enhance market competitiveness[72]. - The company faces increased market competition risks, which could lead to performance declines if competitive advantages are not maintained[85]. - Local government debt risks and fiscal pressures are expected to slow down infrastructure investments, impacting market demand for water environment governance[85]. - The environmental water ecology treatment industry is experiencing diversification and segmentation, creating both opportunities and challenges for the company[81]. Corporate Governance - The company has maintained a stable leadership team with no significant changes in key management positions during the reporting period[96]. - The company is committed to enhancing its corporate governance practices, as evidenced by the consistent roles of independent directors[98]. - The company has not reported any dissenting opinions from the board members during the reporting period[113]. - The board of directors has ensured compliance with legal regulations and conducted its duties diligently[114]. Compliance and Regulatory Issues - The company received multiple warnings and penalties from the China Securities Regulatory Commission for information disclosure violations in 2023 and 2024[106]. - The company has committed to addressing issues identified by the Shanghai Stock Exchange in a disciplinary notice issued in March 2024[106]. - The company reported no significant litigation or arbitration matters for the year[170]. - The company acknowledged issues in information disclosure and financial accounting, leading to a corrective report approved by the board[172]. Social Responsibility - Total donations for social responsibility projects amounted to 246,700 CNY, primarily benefiting the Red Cross Society in Chongren County and Jinshan District[138]. - The company actively responds to national calls for ecological civilization construction and aims to contribute to building a beautiful China[137]. - The company has implemented carbon reduction measures through various means, including the planting of aquatic plants for self-purification of water bodies[138]. Shareholder Information - The total number of shares held by the chairman and general manager, He Wenhui, remained unchanged at 25,553,567 shares, with a pre-tax remuneration of 898,600 CNY[96]. - The company reported a total of 25,556,322 shares held by all directors and supervisors at the end of the reporting period, with a total pre-tax remuneration of 9,579,700 CNY[97]. - The company has a three-year dividend return plan for shareholders from 2023 to 2025[114]. - The company guarantees that the IPO prospectus does not contain false statements or omissions and will assume legal responsibility for its accuracy[148].