凯众股份(603037) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥739,443,601.91, representing a 15.17% increase compared to ¥642,019,307.92 in 2022[23] - The net profit attributable to shareholders for 2023 was ¥91,826,682.74, up 17.66% from ¥78,046,634.84 in the previous year[23] - The net cash flow from operating activities increased by 63.36% to ¥110,878,175.30 in 2023, compared to ¥67,872,429.48 in 2022[24] - The total assets as of the end of 2023 amounted to ¥1,162,561,572.95, a 5.65% increase from ¥1,100,364,298.97 at the end of 2022[24] - The net assets attributable to shareholders increased by 5.64% to ¥911,791,087.24 at the end of 2023, compared to ¥863,138,644.97 at the end of 2022[24] - The company reported a net profit of ¥66,451,506.74 after deducting non-recurring gains and losses, which is a 5.04% increase from ¥63,262,340.95 in 2022[23] - The sales net profit margin for the year was 12.42%[34] - Basic earnings per share increased by 16.95% to 0.69 RMB per share compared to 2022[25] - The weighted average return on equity rose to 10.46%, an increase of 1.58 percentage points from the previous year[25] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥5.0 per 10 shares and a capital reserve conversion of 4.0 shares for every 10 shares held[5] - The company is subject to approval from the shareholders' meeting for the proposed profit distribution plan[5] - The total cash dividend amount is projected to be 68,121,374.50 RMB, which represents 74.18% of the net profit attributable to ordinary shareholders in the consolidated financial statements[152] Market and Product Development - The company secured new projects valued at approximately 427 million RMB, meeting its annual budget target[35] - New products generated operating revenue of 97.38 million RMB during the year[35] - The company’s polyurethane shock-absorbing components business won multiple projects from major automotive manufacturers including Changan, Volkswagen, BYD, Chery, SAIC, and Geely[35] - The lightweight pedal business achieved significant breakthroughs with major clients such as SAIC Passenger Cars, NIO, Li Auto, Chery, and Geely[35] - The company made progress in electronic accelerator pedal projects, securing the M3X project with Chery[35] - The company achieved sales of approximately 12.7 million shock absorber components for new energy vehicles, accounting for about 35.6% of the new energy passenger vehicle market[40] - The company sold around 1.1 million lightweight pedal assemblies for new energy vehicles, representing approximately 12% of the new energy passenger vehicle market[40] Research and Development - The company has applied for and received acceptance for 27 patents during the reporting period, bringing the total number of accepted patents to 184, with 139 patents granted[59] - The company’s R&D capabilities have been enhanced with the formal investment in 1/4 bench testing equipment, improving system design capabilities[58] - The total R&D investment for the period was CNY 65,659,806.99, accounting for 8.88% of operating revenue[78] - R&D expenses increased by 11.2% to 65.66 million RMB, indicating a commitment to new project development[68] Operational Efficiency and Management - The company has implemented lean production and total quality management, resulting in improved operational efficiency and product quality[38] - The company’s production model is based on "sales-driven production," allowing for quick response to customer orders and minimizing inventory risks[52] - The company has established a comprehensive procurement management system, ensuring efficient supplier evaluation and material quality control[49] - The company has strengthened management of subsidiaries to enhance operational efficiency and risk control[159] Strategic Partnerships and Market Expansion - The company has established strategic partnerships with major domestic automakers, including NIO, Xpeng, and Li Auto, enhancing its market presence[43] - The company has expanded its international market presence, supplying products to renowned global automakers such as Porsche, Volkswagen, and Ford[43] - The company is actively participating in the research and development of core components for electric vehicle chassis systems, aligning with the trend of electrification in the automotive industry[40] - The company is exploring market expansion opportunities in Southeast Asia, targeting a 15% market share by 2025[122] Corporate Governance and Shareholder Relations - The company held 2 shareholder meetings during the reporting period, ensuring all shareholders could fully exercise their rights and protect their legal interests[117] - The company maintains an independent financial department and accounting system, ensuring no interference from controlling shareholders[116] - The company has a clear governance structure with the Board of Directors, Supervisory Board, and senior management operating independently[116] - The company has not faced any penalties from securities regulatory agencies in the past three years[133] Environmental and Social Responsibility - The company invested 945,000 yuan in environmental protection measures during the reporting period[162] - The company reduced carbon emissions by 1,142 tons through the implementation of carbon reduction measures, including the use of photovoltaic power generation[167] - The company donated a total of 50,000 CNY to support the Tomorrow Primary School in Sichuan for the 2023 academic year, benefiting 100 students[168] - The company has developed and implemented various environmental protection policies to manage waste and emissions effectively[164] Future Outlook and Strategic Goals - The company aims to achieve the largest market share in domestic buffer blocks within five years and double its international market share[109] - The company plans to increase its investment in shock absorber components, pedal assemblies, and electronic throttle products to strengthen its core competitive advantages[109] - The company targets to have new business revenue account for 20% within five years and 50% within ten years, focusing on areas like active suspension systems and smart driving systems[109] - The company is actively seeking acquisition opportunities to accelerate the development of its core products in both domestic and international markets[109]