JULI INC.(SZ:002342)2024-04-26 09:09Financial Performance - The company's operating revenue for 2023 was ¥2,327,743,335.35, representing a 7.14% increase compared to ¥2,172,613,748.65 in 2022 [28]. - The net profit attributable to shareholders was -¥8,713,926.65 in 2023, a decrease of 195.92% from ¥9,084,822.43 in 2022 [28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,533,480.66, a significant improvement of 126.19% from -¥21,124,930.28 in 2022 [28]. - The net cash flow from operating activities decreased by 23.44% to ¥74,461,735.15 in 2023, down from ¥97,262,973.48 in 2022 [28]. - Total assets at the end of 2023 were ¥4,777,081,665.42, reflecting a 6.65% increase from ¥4,479,111,238.40 at the end of 2022 [28]. - The company's net assets attributable to shareholders decreased by 0.38% to ¥2,476,275,768.19 at the end of 2023, compared to ¥2,485,809,089.18 at the end of 2022 [28]. - The company reported a total of ¥14,247,407.31 in non-recurring losses for 2023, compared to gains of ¥30,209,752.71 in 2022 [33]. - The company’s total revenue for 2023 reached ¥2,327,743,335.35, representing a year-on-year increase of 7.14% from ¥2,172,613,748.65 in 2022 [71]. - The textile industry contributed ¥467,174,208.27, accounting for 20.07% of total revenue, with a significant growth of 33.65% compared to the previous year [71]. - The metal products industry generated ¥798,271,169.24, making up 34.29% of total revenue, with a year-on-year increase of 5.26% [71]. - The general equipment manufacturing sector accounted for ¥1,014,479,090.71, or 43.58% of total revenue, reflecting a growth of 5.66% year-on-year [71]. - Export revenue increased by 52.85% to ¥453,226,618.08, representing 19.47% of total revenue, while domestic sales slightly decreased by 0.08% [71]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.03 RMB per 10 shares based on a total of 960,000,000 shares, with no bonus shares issued [8]. - The cash dividend distribution plan for 2023 proposes a cash dividend of 0.03 CNY per 10 shares (tax included), with a total cash dividend amounting to 2,880,000 CNY, representing 100% of the profit distribution [192]. - The company has maintained a consistent cash dividend policy, ensuring compliance with relevant regulations and protecting the rights of minority shareholders [192]. - The company did not propose any adjustments to its cash dividend policy during the reporting period, indicating stability in its approach to shareholder returns [192]. Business Development and Market Expansion - The company has expanded its business scope to include the design, production, and sales of specialized equipment and tools, as well as various manufacturing sectors including underwater systems and marine engineering equipment [25]. - The company is actively pursuing market expansion through new product development and technological advancements [25]. - The company is focusing on expanding its market share by developing domestic alternatives for deep-sea high molecular weight polyethylene and polyamide mooring cables, aiming for a lifespan of up to 25 years [85]. - The company is developing new products such as a 350T no-mark lifting clamp for steel ingots, enhancing competitive advantage in the market [85]. - The company is committed to achieving localization in its product offerings, thereby increasing its share in the domestic market [84]. - The company is focusing on technological innovation in the marine engineering field to achieve localization, practicality, lightweight, and intelligence in mooring systems [133]. - The company plans to focus on R&D in the wind power market, developing supporting and operational products to expand market share [118]. - The company is developing innovative products such as carbon fiber smart cables and large-tonnage hydraulic shackles, filling domestic market gaps and breaking international monopolies [63]. - The company is committed to enhancing research and innovation in the renewable energy sector, particularly in photovoltaic applications, to support rapid industry growth [68]. Research and Development - The company has established R&D centers in Hebei, Shanghai, and Tianjin, focusing on projects such as deep-sea geological winches and marine exploration systems [45]. - The number of R&D personnel increased to 182 in 2023, up 18.95% from 153 in 2022, with the proportion of R&D personnel rising to 7.78% of total employees [86]. - R&D investment amounted to ¥119,910,082.20 in 2023, a decrease of 9.56% compared to ¥132,586,734.63 in 2022, representing 5.15% of operating revenue [86]. - The company completed several R&D projects aimed at enhancing product offerings and expanding market share, including a new type of lifting device for irregularly distributed points [82]. - The company is enhancing its competitive edge in the wind power lifting industry through advanced engineering solutions [83]. Governance and Compliance - The company has maintained a consistent governance structure with all board members present for the report's approval [6]. - The financial report has been confirmed as true, accurate, and complete by the company's management team [5]. - The company has established a comprehensive information disclosure system to ensure transparency with investors [22]. - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights [149]. - The company actively communicates with stakeholders to balance interests and promote sustainable development [148]. - The board of directors has approved a new compensation plan for executives, aligning with industry standards and company performance metrics [174]. - The company has established a remuneration assessment system for directors and senior management to align compensation with performance [176]. - The company has implemented a comprehensive safety management system to mitigate risks associated with high-temperature and high-pressure production processes [126]. Operational Efficiency and Cost Management - The company emphasizes cost reduction and efficiency improvement across all business segments, including sales, procurement, and production [122]. - The company has implemented a production model based on "order-based production" and "lean production" to optimize inventory and improve capital turnover [51]. - The company is committed to optimizing its operational efficiency and reducing transportation costs by strategically locating its new facility [135]. - The company is addressing macroeconomic risks by strengthening new product development and technology upgrades to maintain profitability [124]. - The company faces intensified competition in the mid-to-low end market, necessitating enhanced technological and R&D capabilities to maintain market influence and pricing power [125]. Asset Management and Financial Health - The company has sold significant assets, including machinery and production equipment, for a transaction price of ¥36.47 million on December 29, 2023 [101]. - The company reported that the sale of assets will not adversely affect its financial condition or operational capabilities [103]. - The company has no significant equity investments or securities investments during the reporting period [97][98]. - The company’s long-term equity investments slightly decreased to ¥95,923,770.47, accounting for 2.01% of total assets, down by 0.15% [92]. - The company has established a complete and independent supply, production, and sales system, ensuring operational independence from its controlling shareholders [150]. Future Outlook - The company expects to achieve a revenue of 2.516 billion yuan in 2024, representing a year-on-year growth of 8.08% [117]. - The projected cost for 2024 is 1.998 billion yuan, with a net profit forecast of 33 million yuan, indicating a significant year-on-year increase of 474.11% [117]. - The company anticipates that the production capacity of the Henan facility, which is projected to reach 100,000 tons of wire and wire rope, will gradually be released, contributing to future growth [137]. - The company identifies the wind power industry, "Belt and Road" construction, and infrastructure development as key growth drivers for the future [137].