LPSK(SZ:002333)2024-04-25 15:47Financial Performance - The company's operating revenue for 2023 was ¥1,642,825,786.06, representing a 19.08% increase compared to ¥1,379,611,172.40 in 2022[20]. - The net profit attributable to shareholders for 2023 was ¥52,231,748.83, a significant turnaround from a loss of ¥49,254,232.38 in 2022, marking a 206.05% improvement[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,732,118.67, compared to a loss of ¥52,075,974.34 in the previous year, reflecting a 174.38% increase[20]. - The company's total assets at the end of 2023 reached ¥3,250,384,947.50, up 16.68% from ¥2,785,794,950.59 at the end of 2022[20]. - The basic earnings per share for 2023 was ¥0.0778, a 203.05% increase from a loss of ¥0.0755 in 2022[20]. - The weighted average return on equity improved to 2.84% in 2023, compared to -2.81% in 2022, indicating a positive trend in profitability[20]. - The cash flow from operating activities showed a net outflow of ¥189,886,041.17 in 2023, which is an 18.40% increase in outflow compared to ¥160,371,943.79 in 2022[20]. - The company reported a non-current asset disposal gain of approximately ¥5.69 million, a significant recovery from a loss of ¥7.85 million in 2022[26]. - Government subsidies recognized in 2023 amounted to ¥9.87 million, up from ¥8.98 million in 2022, indicating a 9.8% increase[26]. Business Operations and Strategy - The company has undergone a change in its business scope to include research, development, production, and sales of aluminum alloy profiles, as well as sales and installation of doors, windows, and curtain walls[17]. - The company plans to continue expanding its business scope, including new material technology promotion services and solar power technology services[18]. - The company operates in multiple sectors including aluminum alloy profiles, aluminum alloy system doors and windows, photovoltaic aluminum alloy frames, intelligent construction, and inspection and testing services[38]. - The company is focusing on the development of intelligent construction and inspection services to diversify its business and enhance growth[31]. - The company plans to leverage the trend of urban renewal and housing renovation to drive demand for construction aluminum profiles[31]. - The company has established a wholly-owned subsidiary in Vietnam to expand its overseas market presence for photovoltaic aluminum alloy frames[40]. - The company is focusing on the domestic civil door and window market, with a dual-brand strategy for high-end and mid-range aluminum windows, targeting key markets in Jiangsu, Zhejiang, Shanghai, and Anhui[112]. Research and Development - The company is developing new antibacterial technology for hardware components, aiming for high efficiency and safety[75]. - The company is researching low-energy consumption systems for windows, targeting a 50% improvement in insulation performance[77]. - The company has completed the research and development of concrete durability performance testing technology, optimizing processes to improve production efficiency[78]. - A new tunnel structure performance detection technology has been developed, addressing the lack of effective testing equipment for the load-bearing capacity of tunnel fan support brackets[78]. - The company has successfully developed a material sealing performance detection technology, enhancing production efficiency through optimized processes[78]. - A BIM-based tunnel CIM visualization platform has been completed, aimed at improving product performance and increasing market share[79]. - The company has developed a visual tunnel traffic event detection system, which enhances traffic management efficiency and safety through real-time video analysis[79]. - The number of R&D personnel increased to 161, representing a 5.23% growth compared to 153 in the previous year[81]. - R&D investment amounted to ¥32,507,670.69, a 4.79% increase from ¥31,020,798.04 in 2022, with R&D expenditure accounting for 1.98% of operating revenue[81]. Market and Sales Performance - The revenue from photovoltaic aluminum alloy frames surged by 215.46%, amounting to ¥500,103,159, up from ¥158,531,960 in the previous year[65]. - The aluminum alloy doors and windows segment experienced a growth of 76.46%, generating ¥141,556,521 compared to ¥80,221,013 in 2022[65]. - Domestic sales accounted for 99.36% of total revenue, with ¥1,632,231,432, reflecting a 19.19% increase from the previous year[65]. - The direct sales model contributed 92.65% of total revenue, amounting to ¥1,522,138,460, which is a 20.30% increase year-on-year[65]. - The company achieved a significant reduction in revenue from cast aluminum rods, which fell by 85.83% to ¥40,704,301 from ¥287,298,466 in 2022[65]. - The company's revenue for aluminum profiles reached ¥430,565,373, with a gross margin of 7.89%, reflecting a year-on-year increase of 6.95% in revenue[67]. - The total revenue from intelligent engineering construction reached ¥289,755,830, with a gross margin of 20.44%[67]. Corporate Governance and Management - The company experienced a change in general manager, with Mr. Huang Tongyu resigning and Mr. Gong Changyi taking over[126]. - The company reported a total of 100% shareholding changes, with 54,000 shares increased and 11,160 shares decreased[126]. - The company had a total of 86.51% shareholding retained by existing directors and management[126]. - The company is committed to maintaining high standards of corporate governance and transparency following the recent leadership changes[127][128]. - The financial management team has been strengthened with the appointment of new executives, including a financial vice president in December 2022[139]. - The company has a structured remuneration policy for its board members, aligning compensation with performance metrics[142]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.5927 million yuan[145]. Environmental and Social Responsibility - The company adheres to environmental protection standards and has a valid pollution discharge permit effective until February 22, 2028[178]. - The company reported a COD discharge of 51.06 mg/L, which is below the regulatory limit[178]. - The company has implemented measures to ensure compliance with environmental regulations and sustainable development practices[178]. - The company has successfully managed its environmental impact while maintaining compliance with local regulations[178]. - The company reported a total of 2,792.73 tons of hazardous waste transferred in 2023[185]. - The wastewater treatment process includes membrane separation concentration, flocculation sedimentation, and resin adsorption, ensuring compliance with discharge standards[183]. - The company achieved all environmental monitoring standards for noise, wastewater, and air emissions, with data published on self-monitoring information platforms[182][184]. - The company has established an environmental emergency response plan and conducted a drill in August 2023[189]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of 0.35 CNY per 10 shares to all shareholders, based on a total of 674,924,800 shares[3]. - The cash dividend amount represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers proposed[167]. - The company has established a shareholder return plan for the next three years (2022-2024) to enhance transparency and investor expectations[166]. - The company’s cash dividend policy stipulates that the cash distribution should not be less than 10% of the distributable profit for the year[164]. - The company’s available distributable profit for the reporting period was 203,644,138.63 yuan[167].