泰胜风能(300129) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥4,813,052,850.50, representing a 53.93% increase compared to ¥3,126,689,952.42 in 2022[16] - The net profit attributable to shareholders was ¥292,405,845.68, a 6.37% increase from ¥274,887,502.66 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥251,531,958.85, which is a 31.27% increase from ¥191,616,971.66 in 2022[16] - The total assets of the company at the end of 2023 were ¥7,869,115,610.05, reflecting a 9.73% increase from ¥7,171,544,724.58 at the end of 2022[16] - The net assets attributable to shareholders increased by 6.44% to ¥4,299,689,828.47 from ¥4,039,486,302.26 in 2022[16] - The basic earnings per share for 2023 were ¥0.3128, a decrease of 3.84% compared to ¥0.3253 in 2022[16] - The weighted average return on net assets was 7.02%, down from 7.86% in the previous year[16] - The net cash flow from operating activities improved to -¥209,026,819.57, a 29.36% improvement from -¥295,900,758.75 in 2022[16] Revenue Breakdown - Revenue from onshore wind power equipment reached CNY 3.49 billion, a year-on-year increase of 31.08%, while revenue from offshore wind power and marine engineering equipment surged to CNY 1.08 billion, up 173.31%[46] - Domestic sales contributed ¥3,419,255,599.48, which is 71.04% of total revenue, reflecting a 132.31% increase year-on-year[55] - The production and sales volume of offshore wind power equipment increased by over 30% compared to the previous year, driven by improved order intake[59] Investment and Expansion - The company has successfully launched its production base in Yangzhou, enhancing its capacity for overseas business expansion[30] - The company has invested CNY 85.76 million of raised funds, primarily in the Yangzhou Taisheng Wind Power Equipment Co., Ltd. project, which has a designed capacity of 250,000 tons[49] - The company has established five new subsidiaries and acquired one subsidiary during the reporting period, while five subsidiaries were deregistered[62] - The company has completed the acquisition of a 60% stake in Zhonghan Energy, integrating concrete tower production into its business[46] Research and Development - R&D investment amounted to ¥212,561,318.20 in 2023, representing a significant increase from ¥157,434,792.18 in 2022[69] - The company is developing new products such as the SM520 steel wind tower and advanced anti-corrosion coatings, which are expected to enhance market share and competitiveness[66][68] - Research and development efforts have led to the filing of 21 new patents in wind energy technology[155] Risk Management - The company faces various risks including raw material price fluctuations and market competition, which investors should be aware of[3] - The company has established a comprehensive risk management mechanism for derivative investments, including strict internal controls and risk reporting procedures[86] - The company is actively managing project and customer credit assessments to reduce the risk of project delays[120] Corporate Governance - The company has maintained effective communication among board members, ensuring scientific decision-making[168] - The company has a dedicated board secretary responsible for investor relations management, ensuring effective communication with investors through various channels[134] - The company has not faced any disciplinary actions from the China Securities Regulatory Commission or the Shenzhen Stock Exchange regarding internal control issues, indicating no urgent need for reform in internal controls[135] Environmental Responsibility - The company has implemented strict adherence to environmental protection policies and industry standards[188] - The self-operated wind power project generated 72,393.45 MWh of electricity, saving 8,900 tons of standard coal and reducing carbon emissions by 41,300 tons of CO2 equivalent[197] - The company has adopted various measures to reduce lifecycle carbon emissions, including optimizing energy consumption and promoting green office practices[197] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[150] - The company plans to enhance its manufacturing capabilities by establishing new production capacities for steel towers and hybrid towers in key domestic wind power markets, particularly in central, western, and southern regions[105] - The company aims to optimize its procurement system and establish a strategic supplier database to enhance cost control and efficiency across the supply chain[113]