CONSYS(SH:688788)2024-04-25 14:28Financial Performance - The company reported no cash dividends, stock bonuses, or capital reserve transfers for the 2023 profit distribution plan[6]. - The company has not achieved profitability since its listing[4]. - The company's operating revenue for 2023 was approximately ¥236.29 million, representing a year-on-year increase of 1.28% compared to ¥233.31 million in 2022[21]. - The net profit attributable to shareholders of the listed company for 2023 was approximately -¥203.26 million, a decrease of 3.38% from -¥196.61 million in 2022[21]. - The basic earnings per share for 2023 was -¥1.93, down 3.57% from -¥1.86 in 2022[23]. - The company's net cash flow from operating activities for 2023 decreased by 905.05%, amounting to -¥129.08 million, compared to -¥12.84 million in 2022[22]. - The total assets of the company decreased by 9.52% year-on-year, totaling approximately ¥2.57 billion at the end of 2023, down from ¥2.84 billion at the end of 2022[22]. - The company's net assets attributable to shareholders decreased by 8.70% year-on-year, totaling approximately ¥2.46 billion at the end of 2023[22]. - The weighted average return on net assets for 2023 was -7.87%, a decrease of 1.09 percentage points from -6.78% in 2022[23]. Research and Development - Research and development expenses accounted for 104.28% of operating revenue in 2023, an increase of 17.08% compared to 87.20% in 2022[23]. - The company reported a significant increase in R&D personnel and expenses, particularly in the chip business segment, contributing to the overall financial performance[24]. - R&D expenses totaled 246.40 million yuan, accounting for 104.28% of operating revenue, with R&D personnel increasing by 29.18% to 425[37]. - The company has accumulated core technologies in information processing, virtualization, intelligent systems, data transmission, and wireless communication, which are crucial for its competitive edge[56]. - The company is focusing on the development of advanced technologies, including AI platforms and heterogeneous computing frameworks, with significant investments in new product lines[81]. - The company is committed to continuous investment in R&D for intelligent communication chips and systems to maintain its competitive edge in the market[150]. Market and Product Development - The company is actively expanding its market presence in smart communication technology and chip development, focusing on miniaturization, integration, high speed, and low power consumption[39]. - The company has established collaborations with institutions like Beijing University of Posts and Telecommunications to maintain breakthroughs in cutting-edge wireless communication technologies[39]. - The company has made significant advancements in new technologies and products, including domestically produced general information processing terminals and exchange information processing terminals[38]. - The company is focusing on expanding its market presence through the development of new products, including a high-performance display terminal with a 100% localization rate[79]. - The company aims to achieve a 95% localization rate for key components, enhancing self-sufficiency in critical technology[79]. - The company is exploring strategic acquisitions to enhance its product portfolio, with a budget of up to 500 million allocated for potential mergers and acquisitions[175]. Compliance and Governance - The company has received a standard unqualified audit report from Beijing Dahua International Accounting Firm[5]. - The company has established a comprehensive industry management system to ensure compliance with industry standards and quality requirements, successfully passing relevant qualifications and certifications[40]. - The company has implemented internal control systems to ensure compliance and asset security, improving operational efficiency[160]. - The company has established a governance structure that complies with legal requirements, ensuring clear responsibilities among shareholders, directors, and supervisors[158]. - The company has appointed a new board secretary, Chen Chen, effective from August 11, 2023[169]. - The company has been penalized by the Shanghai Stock Exchange for similar disclosure issues, receiving a regulatory warning[181]. Strategic Initiatives - The company plans to enhance its product offerings with AI computing and virtual reality capabilities in future developments[78]. - The company aims to enhance user management and contract evaluation mechanisms to improve service efficiency and product market share through innovation and upgrades[152]. - The company is committed to cost reduction and efficiency improvement, enhancing production efficiency and inventory structure while ensuring quality control[153]. - The company plans to continue expanding R&D efforts and product development in response to market demands[106]. - The company has established a strategic committee consisting of board members to enhance decision-making processes[189]. Customer and Market Engagement - The company has a strong emphasis on technological innovation and intellectual property protection, creating a robust technological and market barrier[42]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its position in the industry[81]. - The company has implemented a new customer feedback system, which is anticipated to improve customer satisfaction scores by 20%[175]. - Customer satisfaction ratings increased to 90%, reflecting improvements in service and product quality[173]. Financial Management - The company has strengthened internal controls over accounts receivable, resulting in improved collection rates for long-aged accounts[91]. - The company’s financing activities resulted in a net cash outflow due to reduced dividend distributions compared to the previous period[106]. - The company has approved the use of part of the raised funds to permanently supplement working capital[164]. - The company has a total of 10 independent directors across various positions, complying with regulations on independent director limits[178]. Human Resources - The number of R&D personnel increased to 425, accounting for 57.35% of the total workforce, up from 52.22% in the previous year[85]. - The total compensation for R&D personnel reached 15,956.70 million RMB, while the average salary decreased to 42.33 million RMB[85]. - The company emphasizes customized training programs tailored to employee needs and job requirements[198]. - A diverse range of training methods, including online and offline options, caters to different employee learning preferences[198].