KELI(SZ:002892)2024-04-25 16:44Dividend and Capital Plans - The company plans to distribute a cash dividend of 0.90 RMB per 10 shares to all shareholders, based on a total of 444,149,505 shares[4]. - The company has proposed a capital reserve conversion plan, offering 4 additional shares for every 10 shares held by shareholders[4]. Financial Performance - The company's operating revenue for 2023 was ¥1,295,285,210, representing a 9.45% increase compared to ¥1,183,433,030 in 2022[22]. - The net profit attributable to shareholders for 2023 was ¥51,045,517.6, a decrease of 30.29% from ¥73,254,685.6 in 2022[22]. - The basic earnings per share for 2023 was ¥0.1152, down 30.60% from ¥0.1661 in 2022[22]. - The total assets at the end of 2023 were ¥1,904,070,135, reflecting a 6.20% increase from ¥1,791,650,830 at the end of 2022[23]. - The net assets attributable to shareholders at the end of 2023 were ¥1,274,674,627, a slight increase of 0.42% from ¥1,269,266,000 at the end of 2022[23]. - The net cash flow from operating activities for 2023 was ¥175,281,339.22, a decrease of 7.97% from ¥190,470,636 in 2022[22]. - The company reported a net profit of ¥45,384,675.07 in Q1 2023, but a loss of ¥10,455,239.47 in Q2 2023[27]. - The company received government subsidies amounting to ¥8,083,217.17 in 2023, compared to ¥5,339,577.66 in 2022[29]. - The company experienced a total non-recurring loss of ¥2,148,844.55 in 2023, contrasting with a gain of ¥19,993,161.32 in 2022[29]. - The weighted average return on equity for 2023 was 3.95%, down from 5.81% in 2022[22]. Business Operations and Market Position - The company has not reported any changes in its main business since its listing[20]. - The company's main business focuses on the research, production, and sales of motors and intelligent drive control systems, which are essential components in various industries, including smart home, medical devices, and new energy vehicles[32]. - The company has over 30 years of experience in motor and intelligent drive control technology, positioning itself in the global mid-to-high-end market with strong brand recognition[47]. - The company’s main products are widely used in various fields, including smart home appliances, medical devices, and industrial automation, with a focus on energy-efficient and intelligent technologies[48][50]. - The company aims to achieve an annual production capacity of 170 million kilowatts for high-efficiency energy-saving motors by 2023, with over 20% of in-service motors meeting high-efficiency standards[57]. - The company collaborates with leading research institutions to enhance its R&D capabilities and continuously improve product technology levels[52]. - The company employs a "sales-driven production" model to meet diverse customer needs while maintaining efficient production processes[54]. Market Trends and Industry Insights - In 2023, China's home appliance retail market reached CNY 849.8 billion, a year-on-year growth of 3.6%, with the smart home device market expected to grow at a compound annual growth rate (CAGR) of 21.4% from 2022 to 2026, potentially reaching CNY 800 billion by 2026[33]. - The servo motor market in China was valued at CNY 18.1 billion in 2022, growing by 7.1%, and is projected to reach CNY 19.5 billion in 2023, with a year-on-year growth of 7.7%[37]. - In 2023, China's automotive market saw a total vehicle export of 5.221 million units, a year-on-year increase of 57.4%, with new energy vehicle sales reaching 9.495 million units, up 37.9%[38]. - The global additive manufacturing market surpassed USD 20 billion in 2023, with a year-on-year growth of 11.1%, and the Chinese additive manufacturing industry is expected to reach CNY 40 billion in 2023[41]. - The servo system market is projected to exceed CNY 50 billion by 2029, with a compound annual growth rate of approximately 11.1%[37]. - The Chinese government is actively promoting the development of the robotics industry, with plans to make China a global innovation hub for robotics technology by 2025[36]. - The automotive industry's smart manufacturing capabilities are improving, with the automation rate in leading companies' body workshops reaching 91%[38]. - The security monitoring equipment industry in China is projected to exceed 1 trillion yuan in annual output value in 2023, reaching approximately 1,010 billion yuan, with a growth rate of 6.8%[43]. Research and Development - The company has maintained a focus on technological innovation and product development, increasing R&D investment to enhance core competitiveness and optimize product structure[67]. - R&D investment amounted to ¥64,644,040.04 in 2023, a 1.24% increase from ¥63,851,241.58 in 2022, with R&D expenditure accounting for 4.99% of operating revenue, down from 5.40%[90]. - The company is committed to continuous innovation in product development to meet evolving market demands and enhance customer satisfaction[87]. - The company is focusing on expanding its market presence through new product developments and technological advancements in various sectors[85]. Financial Management and Investments - The company is actively engaged in securities investments, with a total of ¥49,791,540 in various securities held at the end of the reporting period[105]. - The company has made significant investments in research and development, focusing on new product and technology advancements[106]. - The overall financial health of the company remains strong, with a focus on strategic investments and asset management[106]. - The company reported a fair value change loss of -1,944.13 million RMB from foreign exchange derivative transactions during the reporting period[107]. - The total amount of foreign exchange derivatives held at the end of the reporting period was 43,082.93 million RMB, accounting for 33.57% of the company's net assets[107]. - The company engaged in foreign exchange hedging transactions primarily to mitigate the impact of exchange rate fluctuations on its financial performance[107]. Governance and Compliance - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with relevant laws and regulations[150]. - The company emphasizes transparent information disclosure, ensuring all shareholders have equal access to information[155]. - The company has established a robust internal audit system, with an audit committee overseeing both internal and external audits[156]. - The governance structure is in line with the requirements set by the China Securities Regulatory Commission, with no significant discrepancies[159]. Employee and Talent Management - The company’s employee training program includes safety production, professional skills, and management training, aimed at enhancing employee capabilities[192]. - The total number of employees at the end of the reporting period was 3,426, with 2,517 in production, 117 in sales, 498 in technology, 49 in finance, and 245 in administration[189]. - The company is focused on talent development to address the increasing demands of rapid growth and rising labor costs in China[142]. Future Outlook and Strategic Goals - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion yuan[174]. - The company aims to achieve a stable growth in performance while optimizing product structure and expanding into new application areas in 2024[131]. - The company plans to enhance its R&D efforts, focusing on key technologies such as servo drives and controllers, and stepper drivers to drive high-quality development[132]. - The company is committed to digital transformation to reduce manufacturing costs and improve production efficiency through lean production and MES management systems[137].