JGGF(SZ:300510)2024-04-25 16:03Financial Performance - The company's operating revenue for 2023 was ¥1,169,197,021, representing a slight increase of 0.28% compared to ¥1,165,907,033 in 2022 [19]. - The net profit attributable to shareholders for 2023 was ¥25,506,160, a decrease of 47.45% from ¥48,226,498 in 2022 [19]. - The net cash flow from operating activities was negative at -¥85,590,649, a decline of 316.35% compared to the previous year [19]. - The basic earnings per share for 2023 was ¥0.0308, down 47.44% from ¥0.0582 in 2022 [19]. - Total assets increased by 10.36% to ¥3,849,303,280 in 2023 from ¥3,484,725,111 in 2022 [19]. - The net assets attributable to shareholders rose by 0.48% to ¥2,659,249,580 in 2023 from ¥2,646,476,373 in 2022 [19]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a figure of -¥29,470,114 for 2023 compared to ¥4,821,136 in 2022, marking a decrease of 673.88% [19]. - The company achieved operating revenue of CNY 1.169 billion in 2023, a slight increase of 0.28% compared to CNY 1.166 billion in 2022 [72]. - Net profit attributable to shareholders was CNY 25.51 million, representing a decline of 47.45% year-on-year [61]. - Total order amount reached CNY 1.670 billion, marking a year-on-year growth of 11.8% [61]. Risk Management - The company emphasizes the importance of understanding investment risks related to future development plans and operational goals [3]. - The report includes a risk factor section that outlines potential challenges and uncertainties facing the company [3]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated in the recent audit report [20]. - The company anticipates risks from policy changes and market competition, particularly in high-tech sectors like smart grids and new energy [115]. - A comprehensive risk management strategy has been implemented to mitigate potential impacts from market fluctuations and regulatory changes [196]. Research and Development - The company focuses on R&D in the fields of smart grid and new energy, continuously developing products with core technological advantages [57]. - The company has launched several new products in the charging and swapping systems, including the S13 heavy-duty truck intelligent swapping system and the S16 passenger car swapping station [47]. - The company has completed the development of high-breaking capacity, low partial discharge intelligent high-voltage switchgear, which has passed national-level testing and is now in mass production [85]. - The company has successfully developed a series of 250kW photovoltaic inverters, which will serve as a cornerstone for its entry into the renewable energy sector [85]. - The company has initiated three R&D projects with a capitalized R&D expenditure rate of 8.37%, expected to yield three invention patents and two utility model patents [89]. - The company's R&D investment in 2023 amounted to ¥82,023,612.81, representing 7.02% of operating revenue, an increase from 4.98% in 2022 [88]. Market Expansion and Strategy - The company is actively pursuing overseas business opportunities, including a memorandum of cooperation with the Russian Federation for new energy facility projects [116]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [188]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's product offerings and market presence [188]. - The company aims to improve its market share by refining marketing strategies and strengthening the sales team, with a focus on long-term customer relationships [111]. - The company is considering strategic acquisitions to enhance its product offerings and market presence [147]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management, with no significant omissions [3]. - The company reported a governance structure that complies with the requirements of the Corporate Governance Code and the Shenzhen Stock Exchange regulations [122]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder [124]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [125]. - The company has established an independent financial accounting department and a standardized financial management system [194]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, achieving recognition as a "green factory" for its subsidiaries [182]. - The company generated 1.5354 million kWh of electricity from photovoltaic power generation in 2023, effectively reducing carbon dioxide emissions compared to traditional coal-fired power generation [174]. - The management team emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025 [147]. - The company is committed to continuous development in line with the "30, 60" national policy, ensuring strong support for sustainable growth [86]. Employee and Management Practices - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.438 million [152]. - The company has a salary policy aimed at creating value and ensuring competitive compensation within the industry [164]. - The company has implemented a talent development plan in 2023, focusing on diverse learning and development projects [165]. - The company has a remuneration committee responsible for formulating and reviewing the remuneration policies for directors and senior management [152]. - The company actively contributes to employee social insurance and housing funds, ensuring employee welfare [164].