BOSHI(SZ:002698)2024-04-26 09:49Revenue and Financial Performance - The total revenue for Zhejiang Petroleum and Chemical Co. reached CNY 25,475.40 million, with a contract payment rate of 70%-80%[1] - Ningbo Zhenhai Refining & Chemical Co. reported a revenue of CNY 5,916 million, achieving a contract payment rate of over 90%[1] - The revenue from GuoRao KeliDa Petrochemical Technology Co. was CNY 7,466 million, with a contract payment rate of 60%-70%[1] - The revenue for Sinochem Hongrun Petroleum Chemical Co. was CNY 7,500 million, with a contract payment rate of 80%-90%[1] - The revenue for China National Petroleum Corporation Guangdong Petrochemical Branch was CNY 7,990 million, with a contract payment rate of over 90%[1] - The revenue for Ningxia Baofeng Energy Group Co. was CNY 5,230 million, with a contract payment rate of 60%-70%[1] - The revenue for Shandong Yulong Petrochemical Co. was CNY 5,700 million, with a contract payment rate of 80%-90%[1] - The revenue for Inner Mongolia Junzheng Chemical Co. was CNY 29,114.32 million, with a contract payment rate of 30%-40%[1] - The revenue for Shandong New Era High Polymer Materials Co. was CNY 5,150 million, with a contract payment rate of 70%-80%[4] - The revenue for China National Petroleum Corporation Engineering Construction Co. was CNY 16,338 million, with a contract payment rate of 80%-90%[4] - The company's operating revenue for 2023 reached ¥2,565,408,783.42, representing a 19.11% increase compared to ¥2,153,746,152.69 in 2022[73] - The net profit attributable to shareholders for 2023 was ¥533,591,213.86, up 19.90% from ¥445,038,600.37 in the previous year[73] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥485,726,824.70, reflecting a 17.28% increase from ¥414,143,401.62 in 2022[73] - The basic earnings per share for 2023 was ¥0.5218, a 19.90% increase compared to ¥0.4352 in 2022[73] - The diluted earnings per share for 2023 was ¥0.5190, up 19.26% from ¥0.4352 in the previous year[73] - The company's total assets as of the end of 2023 are CNY 6.65 billion, an increase of 6.89% compared to the previous year[94] - The net assets attributable to shareholders of the listed company are CNY 3.45 billion, reflecting an 8.86% increase year-on-year[94] - In 2023, the company's revenue exceeded 2.5 billion yuan for the first time, with a net profit attributable to shareholders of 534 million yuan, both achieving historical highs[158] Costs and Expenses - The cost of solid material post-processing intelligent manufacturing equipment reached 627.33 million RMB, accounting for 38.60% of the total operating costs, an increase from 33.89% in 2022[8] - The operating costs for maintenance and after-sales industrial services were 209.40 million RMB, representing 12.88% of total operating costs, slightly down from 13.25% in 2022[11] - The sales expenses for 2023 amounted to ¥128,475,705.01, representing a 35.95% increase compared to ¥94,505,120.53 in 2022[19] - The R&D expenses increased by 22.91% to ¥145,882,428.99 in 2023, up from ¥118,689,704.65 in 2022, reflecting a commitment to enhancing research and development efforts[19] - The management expenses decreased by 14.01% to ¥96,992,703.88 in 2023, down from ¥112,797,769.70 in 2022, primarily due to the sale of an overseas subsidiary[19] - The financial expenses surged by 113.87% to ¥1,823,087.89 in 2023, influenced by convertible bond interest[19] Research and Development - The company aims to establish a humanoid robot innovation system by 2025, with key technological breakthroughs expected to reshape global industrial development[13] - The company is focused on developing new business models and expanding its market presence, particularly in the humanoid robotics sector[13] - The company is actively developing new technologies and expanding its market presence through various projects[79] - The company is currently in the optimization phase of intelligent control algorithms and testing of key components for humanoid robot prototypes[26] - The R&D personnel structure shows a decrease in bachelor's degree holders by 9.25% to 265, while master's degree holders increased by 13.85% to 74[27] - R&D investment increased by 22.91% from ¥118,689,704.65 in 2022 to ¥145,882,428.99 in 2023, representing 5.69% of operating revenue[31] - The company has obtained 50 patents during the reporting period, including 8 invention patents and 42 utility model patents, enhancing its core competitiveness[195] Cash Flow and Investments - Operating cash inflow decreased by 4.05% to ¥2,417,361,797.41 in 2023, while cash outflow increased by 10.18% to ¥2,278,419,139.40[32] - Net cash flow from operating activities fell by 69.23% to ¥138,942,658.01, primarily due to increased production and procurement cash outflows[33] - Investment cash inflow surged by 127.60% to ¥5,636,466,482.27, while cash outflow increased by 111.15% to ¥5,808,835,108.54[32] - The company plans to distribute a cash dividend of ¥2.50 per 10 shares (before tax) based on a total share capital of 1,021,986,802 shares as of December 31, 2023[41] Market Position and Strategy - The company aims to leverage its technological advantages to enhance the quality and efficiency of Chinese manufacturing, focusing on automation, digitalization, and intelligent solutions[111] - The company is positioned to meet the growing demand for intelligent manufacturing solutions, driven by national policies promoting digital transformation[117] - The company has maintained a strong competitive position in the smart manufacturing and industrial services sectors, leading in product technology and application scale[165] - The company is focusing on developing complete automation solutions, transitioning from single equipment sales to integrated production lines and smart manufacturing solutions[127] - The company aims to capitalize on national policies promoting large-scale equipment updates and consumption upgrades to boost investment and demand[129] Intelligent Manufacturing and Automation - The company is actively developing intelligent manufacturing solutions for various industries, including petrochemicals, mining, and food, which are expected to drive long-term growth[198] - The company's intelligent manufacturing products are widely applied across various industries, maintaining a leading position in domestic market applications[111] - The company is focusing on the development of special robots for high-temperature environments, with successful applications in various mining operations[185] - The company’s intelligent equipment and industrial services are positioned as dual engines driving performance growth[180] - The company aims to replace manual labor in hazardous environments with high-tech products, significantly improving safety and production efficiency[195] Future Projects and Goals - The company aims to establish over 20 digital transformation benchmark factories and around 10 benchmark 5G factories by 2026 as part of its digital transformation strategy[18] - The company plans to cultivate 3 to 5 comprehensive solution providers for digital transformation in the petrochemical industry by 2026[18] - The cumulative investment in the "Robot and Intelligent Factory" project is expected to reach operational status by September 30, 2024[81] - The company has successfully implemented two smart factory projects with a total value of approximately 360 million yuan, expected to recognize revenue in 2024[163] - The company has signed contracts for intelligent factory and workshop projects with a total value of approximately 360 million yuan, aiming for delivery in 2024[190]