JHS(SH:603922)2024-04-26 14:17Financial Performance - The company's operating revenue for 2023 was CNY 472,136,455.84, a decrease of 8.55% compared to CNY 516,302,717.92 in 2022[25] - The net profit attributable to shareholders of the listed company was CNY 6,140,339.40, a significant improvement from a loss of CNY 11,927,616.35 in the previous year, representing a 151.48% increase[25] - The total assets of the company increased by 24.32% to CNY 1,563,349,555.72 at the end of 2023, compared to CNY 1,257,567,581.05 at the end of 2022[25] - The cash flow from operating activities showed a negative net amount of CNY 47,935,225.22, a decrease of 137.52% compared to CNY 127,769,284.97 in 2022[25] - The net profit attributable to shareholders rose by 151.48% to CNY 6.14 million in 2023, while the net profit after deducting non-recurring gains and losses decreased by 52.17% to CNY -3.5 million[26] - The company's basic earnings per share increased by 155.56% to CNY 0.05 in 2023, compared to a loss of CNY 0.09 in 2022[26] - The company reported a revenue of CNY 472.14 million, a decrease of 8.55% compared to the previous year[36] - The company achieved a main business revenue of ¥418,759,963.08, a decrease of 11.27% compared to the same period last year[55] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, totaling CNY 2,550,188.00, which accounts for 41.53% of the net profit attributable to shareholders[6] - The company repurchased shares for a total amount of CNY 11,962,924.00, which is considered as cash dividends, bringing the total cash distribution to CNY 14,513,112.00, or 236.36% of the net profit attributable to shareholders[6] - The total cash dividend distributed was CNY 2,550,188, which represents 41.53% of the net profit attributable to shareholders[142] - The total amount of dividends distributed, including cash buybacks, reached CNY 14,513,112, accounting for 236.36% of the net profit attributable to shareholders[142] - The company has established a cash dividend policy prioritizing cash distribution, with stock dividends considered under specific conditions[138] Market and Industry Trends - The domestic automobile market saw a total production and sales volume of 30.16 million and 30.09 million vehicles, respectively, representing year-on-year growth of 11.6% and 12%[35] - The market share of new energy vehicles reached 31.6% in 2023, with sales increasing by 33.7% to 8.34 million units[35] - Domestic vehicle sales reached 25.97 million units in 2023, a year-on-year increase of 5.9%, with new energy vehicles growing by 33.7% to 8.34 million units, capturing a market share of 31.6%[89] - The company anticipates that the automotive industry will face uncertainties in 2024 due to market demand fluctuations and rising labor costs[86] Research and Development - The company invested in R&D, adding 3 invention patents and 7 utility model patents in 2023, bringing the total to 28 invention patents and 108 utility model patents[41] - Research and development expenses totaled ¥33,102,646.66, representing 7.01% of total revenue, with a year-on-year increase of 26.61%[65] - The number of R&D personnel is 99, accounting for 15.35% of the total workforce[66] - The management team emphasized the importance of technological advancements, with a budget allocation of 100 million yuan for R&D in the upcoming year[117] - The company plans to increase R&D investment and strengthen partnerships with universities to enhance technological capabilities, particularly in lithium battery recycling and lightweight materials[90] Operational Efficiency - The company implemented lean management practices, focusing on cost reduction and efficiency improvement across multiple dimensions, including production, procurement, and sales[40] - The company emphasized quality management and production efficiency, adhering to ISO standards to ensure product quality and rapid delivery[39] - The company achieved a product quality pass rate of 99.99% during the reporting period, supported by the ISO/TS16949:2016 quality control system[50] - The company aims to enhance production capacity and efficiency by focusing on customer relationships, product structure, and management optimization, while implementing lean production and quality management practices[88] Governance and Compliance - The company strictly adheres to the Company Law and relevant regulations, ensuring a robust governance structure and independent operations from its controlling shareholder[97] - The board of directors operates in compliance with legal requirements, with all members fulfilling their duties responsibly and ensuring objective decision-making[98] - The company maintains complete independence in assets, personnel, finance, organization, and business operations, ensuring no overlap with the controlling shareholder[101] - The company has established a complete financial accounting system and independent decision-making processes, including separate bank accounts and tax obligations[103] - The company has implemented strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[100] Environmental Responsibility - The company has invested CNY 1,453,900 in environmental protection during the reporting period[149] - The measured concentration of nitrogen oxides is 20 mg/m³, below the standard of 50 mg/m³[151] - The measured concentration of volatile organic compounds is 18.6 mg/m³, significantly below the standard of 120 mg/m³[151] - The pH value of wastewater is 7.39, within the discharge standard of 6-9[151] - The chemical oxygen demand (COD) of wastewater is 12.23 mg/L, well below the standard of 500 mg/L[151] - The ammonia nitrogen level in wastewater is 0.22 mg/L, far below the standard of 25 mg/L[151] - The daytime maximum noise level at the factory boundary is 58.2 dB, below the standard of 60 dB[152] - The nighttime maximum noise level at the factory boundary is 48.5 dB, below the standard of 50 dB[152] - The company has installed an automatic online monitoring system for wastewater, connected to the Zhangjiagang Ecological Environment Bureau[153] - The company has implemented a distributed photovoltaic power generation project with a capacity of 3.5 MW, operational since June 2023[157] - The company has not faced any administrative penalties for environmental issues during the reporting period[157] Shareholder Structure - The total number of ordinary shareholders as of the end of the reporting period is 4,994, an increase from 4,579 at the end of the previous month[186] - The largest shareholder, Hainan Zhongde Technology Co., Ltd., holds 38,387,200 shares, representing 29.99% of the total shares, with 25,902,764 shares pledged[188] - The second-largest shareholder, Gaode Investment Co., Ltd., has reduced its holdings by 558,000 shares, now holding 23,444,555 shares, which is 18.32% of the total[188] - The top ten shareholders include several institutional investors, with Shanghai Tuopai Private Fund Management Co., Ltd. holding 5,192,500 shares, accounting for 4.06%[188] - The total number of shares held by the top ten shareholders has changed, indicating a dynamic shareholder structure[190] Strategic Initiatives - The company is focusing on technological upgrades and self-development to transition towards lightweight and high-end markets[85] - The company is positioned to leverage new production methods and business models through the integration of new information technology and manufacturing[86] - The company will leverage capital markets to accelerate development and transformation, while cautiously pursuing external investments[91] - The company is committed to reducing costs and improving operational efficiency through enhanced production integration and management processes[90] - The company is adjusting its organizational structure as part of its ongoing strategic development[124]