Financial Performance - The company's operating revenue for 2023 was approximately ¥786.14 million, representing a slight increase of 0.19% compared to ¥784.66 million in 2022[18]. - Net profit attributable to shareholders decreased by 35.08% to ¥98.84 million in 2023 from ¥152.24 million in 2022[18]. - The net profit after deducting non-recurring gains and losses fell by 48.47% to ¥71.23 million in 2023, down from ¥138.22 million in 2022[18]. - The basic earnings per share decreased by 47.25% to ¥0.6589 in 2023, compared to ¥2.2485 in 2022[18]. - The total assets of the company increased by 15.44% to ¥2.71 billion at the end of 2023, up from ¥2.35 billion at the end of 2022[18]. - The net assets attributable to shareholders increased by 4.15% to ¥2.18 billion at the end of 2023, compared to ¥2.09 billion at the end of 2022[18]. - Cash flow from operating activities increased by 17.30% to ¥161.58 million in 2023, compared to ¥137.75 million in 2022[18]. - The weighted average return on equity decreased to 4.64% in 2023 from 13.51% in 2022, reflecting a decline of 8.87%[18]. - The company reported uncertainty regarding its ability to continue as a going concern, as indicated in the recent audit report[19]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares to all shareholders, totaling approximately 40 million RMB based on the current total share capital[4]. Market and Industry Outlook - The global PCB market value was approximately $69.52 billion in 2023, with a projected compound annual growth rate (CAGR) of 5.4% from 2023 to 2028, suggesting a positive long-term outlook for the industry[30]. - The domestic PCB market in China was valued at about $37.79 billion in 2023, with an expected CAGR of 4.1% through 2028, indicating growth potential in the local market[30]. - The EMS industry is projected to grow from $694.4 billion in 2022 to $906.7 billion by 2027, with a CAGR of 5.5%, highlighting significant market opportunities for the company[31]. Research and Development - The company invested 10,092.58 CNY in R&D, which accounted for 12.83% of operating revenue, marking a 32.62% increase from the previous year[76]. - The company has established itself as a leader in PCB R&D design services, with over 800 engineers and an average industry experience of over 6 years[39]. - The company has completed multiple R&D projects, including advancements in military-grade soldering techniques and automotive PCB design, enhancing its competitive edge[99]. - The company is actively researching new technologies in PCB design for emerging fields such as AI, 5G, and autonomous driving, expanding its technological capabilities[54]. Operational Efficiency and Management - The company has implemented a rigorous supplier selection and management process to ensure the quality of raw materials[57]. - The company has developed a flexible production system to manage short lead times and diverse orders, ensuring efficient organization of resources[48]. - The company has established a procurement model that includes a complete supply chain structure, enhancing the efficiency of PCB and component procurement[55]. - The company has implemented strict internal control systems to ensure product quality, achieving certifications such as ISO9001, ISO14001, and IATF16949[68]. Risk Management - The board emphasizes the importance of recognizing potential risks, including innovation, technology, operational, financial, and fundraising investment project risks[4]. - The company faces risks related to the inability to recover accounts receivable, which could increase operational funding pressure if customers experience financial difficulties[149]. - The company is exposed to raw material price volatility risks, which could adversely affect operating performance if prices rise significantly and the company cannot pass costs to downstream customers[147]. Governance and Compliance - The company is committed to enhancing its governance standards and protecting the interests of minority investors through improved transparency and compliance[82]. - The company has updated and improved its governance structure and internal control systems in accordance with national laws and regulations, ensuring compliance and risk reduction[165]. - The company maintains complete operational independence from its controlling shareholders in terms of business, assets, personnel, and finances[166]. Strategic Initiatives - The company plans to expand its PCBA production capacity to meet the growing demand for R&D prototyping and small-batch orders, aiming to break through current capacity bottlenecks[134]. - The company aims to build a one-stop hardware innovation platform covering PCB design, board manufacturing, component supply, PCBA assembly, and performance testing to meet diverse customer needs[130]. - The company plans to explore financing options to support its business development and may consider acquiring quality PCB and PCBA companies to extend its industry chain[136]. Employee and Talent Management - The number of R&D personnel increased to 895 in 2023, representing a growth of 21.11% compared to 739 in 2022[100]. - The company recognizes the risk of talent loss in the competitive PCB design industry and is committed to enhancing its talent management and training systems[140]. Sales and Revenue Growth - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[190]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 15% over the next year[190].
一博科技(301366) - 2023 Q4 - 年度财报