BEKEN(SH:603068)2024-04-26 11:35Financial Performance - The company reported a revenue of CNY 704.59 million for 2023, a decrease of 1.21% compared to CNY 713.22 million in 2022[22]. - The net profit attributable to shareholders was CNY -94.03 million in 2023, an improvement from CNY -238.06 million in 2022[22]. - The basic earnings per share for 2023 was CNY -0.63, compared to CNY -1.58 in 2022[24]. - The total assets decreased by 4.90% to CNY 1.92 billion at the end of 2023 from CNY 2.02 billion at the end of 2022[22]. - The company achieved a consolidated revenue of RMB 704.59 million in 2023, a year-on-year decrease of 1.21%[57]. - The consolidated net profit attributable to the parent company was RMB -94.03 million[57]. - The company's main business cost was RMB 488.94 million, a decrease of 7.72% compared to the previous year[61]. - The gross profit margin for the integrated circuit segment was 30.61%, an increase of 4.90 percentage points year-on-year[63]. Research and Development - The company focused on enhancing its R&D capabilities, resulting in a slight increase in R&D expenses in 2023[26]. - In 2023, the company's R&D expenses amounted to 298.95 million yuan, an increase of 3.92% compared to the previous year, representing 42.43% of total revenue[39]. - The company has launched a new generation of highly integrated Bluetooth audio SoC products, which fill the market gap for TWS Bluetooth earphone chips, providing advanced audio processing and ultra-low power solutions[37]. - The company has successfully mass-produced multiple high-precision positioning chips, achieving leading levels in civilian navigation chips and entering key customer supply chains[38]. - The company has initiated the development of Wi-Fi 7 chip products, following the successful launch of several Wi-Fi 6 MCU chips[35]. - The company has accumulated 152 patents in the field of wireless RF, showcasing its strength in technology research and development[52]. Market Position and Strategy - The company aims to expand its product offerings in wireless connection chips, including Wi-Fi and Bluetooth audio products[33]. - The company aims to expand into the IoT market, including smart transportation, smart home, and wearable devices, to strengthen its market position[48]. - The company has established a leading market share in domestic consumer electronics and industrial applications of wireless ICs[46]. - The company has maintained a leading position in the Wi-Fi MCU chip shipment volume, serving well-known brand customers in various IoT fields[37]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[106]. - The company plans to actively expand overseas markets and target international first-class customers to increase market share[89]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[5]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the annual report[4]. - The company has not reported any significant differences in governance practices compared to regulatory requirements[97]. - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, and has maintained timely and accurate information disclosure[144]. - The company has implemented a management and supervision system for its subsidiaries to ensure compliance with operational standards[140]. Shareholder Matters - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares, totaling RMB 7,521,248.30 for the year 2023[6]. - The total number of shares held by directors and senior management decreased from 29,551,806 at the beginning of the year to 26,711,305 at the end of the year, representing a reduction of approximately 9.7%[103]. - The company has a lock-up period for shares that may extend under certain conditions, protecting shareholder interests[150]. - The company guarantees that it will not engage in any business that competes with Broadcom, nor will it invest in or control any competing entities[155]. - The company has committed to ensuring that its major shareholders do not interfere with its management activities[163]. Risk Management - There are no significant risk events reported during the reporting period, and potential risks have been detailed in the management discussion section[8]. - The company faces risks related to product development, including potential misjudgment of market demand and delays in product launch[90]. - The company faces significant competition risks from well-funded international firms like Qualcomm and MediaTek, as well as domestic chip design companies, which may impact its market share and profitability[91]. - The company has implemented multiple incentive measures to retain its core technical team, but risks of talent loss remain due to competitive offers from industry peers[92]. Employee and Compensation - The company has increased its workforce to 375 employees, a net increase of 20 from the previous year, enhancing team capabilities[40]. - The total number of R&D personnel was 333, making up 88.80% of the company's total workforce[75]. - The company has established a comprehensive training system to develop strong R&D and management talent[129]. - The company has implemented a differentiated compensation structure that includes base salary and bonuses[127]. - The total remuneration for directors and senior management during the reporting period amounted to 733.24 million yuan[103]. Environmental and Social Responsibility - The company has not reported any overdue amounts for its entrusted wealth management products[173]. - The company made a total donation of 1 million yuan to the Tsinghua University Education Foundation, benefiting 1 individual[144]. - The company has not engaged in any significant contracts or guarantees during the reporting period[177]. - The company has not reported any significant lawsuits or arbitration matters for the current year[169].