NBTM(SH:600114)2024-04-26 08:56Financial Performance - The company's operating revenue for 2023 was CNY 3,861,081,882.59, representing a 3.62% increase compared to CNY 3,726,341,916.49 in 2022[21]. - Net profit attributable to shareholders for 2023 reached CNY 197,916,738.40, a significant increase of 27.08% from CNY 155,737,810.57 in 2022[21]. - The basic earnings per share for 2023 was CNY 0.32, up 28.00% from CNY 0.25 in 2022[22]. - The company's total assets increased by 4.42% to CNY 6,769,069,473.24 at the end of 2023, compared to CNY 6,482,435,006.87 at the end of 2022[21]. - The net cash flow from operating activities for 2023 was CNY 295,166,360.06, a decrease of 4.63% from CNY 309,503,243.98 in 2022[21]. - The weighted average return on equity increased to 7.76% in 2023, up 1.55 percentage points from 6.21% in 2022[22]. - The company's net assets attributable to shareholders at the end of 2023 were CNY 2,527,153,837.50, a slight increase of 0.53% from CNY 2,513,783,160.91 at the end of 2022[21]. - The company's total revenue for 2023 reached 3.861 billion CNY, a year-on-year increase of 3.62%[33]. - Net profit attributable to shareholders was 198 million CNY, reflecting a growth of 27.08% year-on-year[33]. Dividend Policy - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders based on the total share capital on the equity distribution date[5]. - The company plans to distribute a cash dividend of CNY 0.20 per share for the fiscal year 2023, totaling CNY 123,276,695.40, which represents 62.29% of the net profit attributable to shareholders[167]. - The cash dividend distribution for the fiscal year 2022 was approved, with a total cash dividend of CNY 61,638,347.70 distributed on June 1, 2023[164]. - The company has implemented a cash dividend policy that requires a minimum distribution of 30% of the annual net profit when conditions are met[162]. - The company has established a differentiated cash dividend policy based on its development stage, with a minimum cash dividend ratio of 80% for mature companies without major capital expenditure plans[162]. Audit and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has ensured that all board members attended the board meeting, confirming the report's accuracy and completeness[8]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholder rights[131]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[144]. - The audit committee communicated with the annual audit firm regarding the 2022 financial report and internal control audit, ensuring thorough discussions on key audit matters[150]. Research and Development - The company has a total of 852 authorized patents, including 203 invention patents and 609 utility model patents, as of the end of the reporting period[59]. - The company has established a national-level enterprise technology center and a post-doctoral research workstation, enhancing its R&D capabilities[58]. - The company’s R&D expenses increased by 2.46% to 277,548,461.49 CNY, reflecting a commitment to innovation[64]. - The company is committed to becoming a global leader in powder metallurgy, focusing on three key technology platforms: P&S, SMC, and MIM[120]. - The company will continue to enhance its R&D capabilities, particularly in the SMC sector, to improve raw material self-sufficiency and profitability[123]. Market and Industry Trends - The global powder metallurgy market is projected to grow from USD 27.8 billion in 2022 to USD 34.0 billion by 2027, with a CAGR of 4.1%[107]. - The global photovoltaic market is expected to continue its rapid growth, with projections indicating that by 2030, renewable energy installations need to exceed 11,000 GW, with solar power and wind power accounting for about 90% of new capacity[46]. - The global hydrogen production is projected to increase to approximately 400,000 tons annually by 2026, providing a new market for powder metallurgy technologies[110]. - The demand for soft magnetic materials in charging piles is expected to grow significantly due to the increasing penetration of high-voltage fast charging stations[113]. - The foldable smartphone market in China is projected to grow at a compound annual growth rate (CAGR) of 37.8%, reaching nearly 15 million units by 2027[117]. Environmental Responsibility - The company invested 9.42 million yuan in environmental protection during the reporting period[172]. - The company was listed as a key pollutant discharge unit in both Ningbo and Zhejiang Province, focusing on water and air environments[173][175]. - The company has implemented pollution control facilities, ensuring compliance with national and provincial emission standards for various pollutants[178]. - The company has established a comprehensive environmental management system to ensure compliance with environmental laws and regulations[193]. - The company has engaged Zhejiang Renxin Environmental Science Institute as an "environmental steward" to manage pollution control facilities[193]. Corporate Governance - The company held one annual general meeting during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[132]. - The board of directors met five times during the reporting period to ensure effective governance and decision-making[133]. - The company’s board of directors has established specialized committees, including an audit committee chaired by Wu Hongchun and a remuneration and assessment committee chaired by Wang Yongbin[148]. - The company has proposed to nominate new directors and supervisors, pending approval from the shareholders' meeting[144]. - The company’s independent directors and supervisors have consistently attended board meetings, with no instances of absence reported for the year[146].