STEP(SZ:002527)2024-04-26 10:17Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2023[17]. - The company's operating revenue for 2023 was CNY 3,387,453,115.06, representing an increase of 9.37% compared to CNY 3,097,296,044.04 in 2022[27]. - The net profit attributable to shareholders for 2023 was CNY -379,033,867.76, a significant improvement from CNY -1,056,951,592.72 in 2022, marking a 64.14% reduction in losses[23]. - The net cash flow from operating activities for 2023 was CNY 166,498,25, reflecting a 155.39% increase compared to the previous year[23]. - The total revenue for 2023 reached ¥3,387,453,115.06, representing a year-on-year increase of 9.37% compared to ¥3,097,296,044.04 in 2022[78]. - Revenue from elevator control products and systems was ¥643,319,059.75, accounting for 18.99% of total revenue, with a growth of 22.91% year-on-year[78]. - Revenue from robot products and systems increased by 38.61% year-on-year, totaling ¥946,796,841.98, which is 27.95% of total revenue[79]. - The company reported a significant increase in inventory, with a slight decrease in percentage to 25.22% of total assets, amounting to ¥1,079,156,632.62[100]. - The company reported a total revenue of 549.4 million with a net profit of 228.9 million, reflecting a strong performance in the servo drive and frequency converter sectors[119]. - The company reported a total revenue of 1,070 million, representing a year-on-year increase of 27.68%[157]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the automation and robotics sectors[17]. - Future guidance indicates a projected revenue growth of 10-12% for the next fiscal year[17]. - The company is actively exploring potential mergers and acquisitions to strengthen its market position[17]. - The company is focusing on expanding its market presence in Europe with upgraded systems tailored to meet local demands[91]. - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next two years[169]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[173]. - The company aims to strengthen its market position through strategic partnerships and potential acquisitions in the future[133]. Product Development and Innovation - New product development efforts include advancements in programmable automation controllers and servo systems[15]. - The company has implemented an integrated product development (IPD) approach to enhance efficiency and innovation in product development[15]. - The company has launched several new products, including the elevator cloud platform and a 180kg palletizing robot, which are expected to enhance market competitiveness[91]. - The company is actively developing new technologies, including a series of servo systems and a virtual simulation platform for robots, aimed at improving product usability and market share[92]. - The company is committed to innovation in product development, focusing on servo drives, frequency control, and industrial automation solutions[121]. - The company is engaged in the industrial automation and control sector, focusing on motion control and robotics[109]. - The company has introduced two new product lines in 2023, contributing to a 12% increase in overall sales volume[173]. Financial Management and Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[3]. - The company has implemented changes in accounting policies affecting the recognition of deferred tax assets and liabilities, which may impact future financial reporting[25]. - The company has a dedicated financial department with a complete accounting system and independent bank accounts, ensuring no interference from shareholders in fund usage[150]. - The company has implemented a "Quality Return Dual Improvement" action plan[136]. - The company is committed to improving corporate governance in accordance with relevant laws and regulations[138]. - The company has a dedicated strategy committee, audit committee, compensation and assessment committee, and nomination committee[141]. - The company has approved a stock option incentive plan for 2023, which includes a management assessment method[152]. Research and Development - The company maintains a strong focus on R&D, utilizing an integrated product development system to respond efficiently to customer needs and market demands[63]. - Research and development expenses amounted to 233.26 million yuan, representing a slight decrease of 0.69% compared to the previous year, and accounting for 6.89% of total revenue[94]. - The number of R&D personnel increased by 1.28% to 1,025, with the proportion of R&D staff rising to 40.84% of the total workforce[93]. - Investment in R&D increased by 30% in 2023, focusing on automation technologies and smart manufacturing solutions[175]. - Significant investment in R&D training programs has been made to strengthen the company's technological innovation and maintain a competitive edge in the market[189]. Risk Management - The company faces risks related to market competition and supply chain disruptions, which are detailed in the management discussion section[2]. - The company faces risks from macroeconomic fluctuations affecting its main business sectors, including 3C electronics and automotive industries[128]. - The company is implementing measures to mitigate the risk of increased accounts receivable and potential bad debts due to economic pressures[130]. - A robust risk management mechanism is being established to ensure the successful implementation of strategic transformations[129]. Corporate Social Responsibility - The company maintains a strong commitment to environmental and social responsibility initiatives[17]. - The company actively respects and protects the rights of all stakeholders, including employees, creditors, and customers, promoting balanced interests among shareholders and society[145]. Employee Development - The company emphasizes training programs, including strategic training and leadership development, to enhance employee capabilities and support business growth[188]. - The company has implemented a comprehensive training program, including sales training and specialized skill enhancement, to improve employee capabilities and support business development[191]. - The average actual income growth for employees is aligned with the company's economic performance growth, ensuring a competitive compensation policy[187]. Investor Relations - The company engaged in multiple investor relations activities throughout 2023, including site visits and discussions with various institutional investors[133]. - Key topics discussed included the company's overall situation, robot business, product conditions, and R&D investments[133]. - The company highlighted its core competitive strengths during meetings with investors, emphasizing its elevator control business and robot product conditions[133]. - The company’s management team actively participated in discussions to enhance transparency and investor confidence[133].