HAIMO(SZ:300084)2024-04-26 15:38Financial Performance - The company's operating revenue for 2023 reached ¥743,869,749.92, an increase of 18.56% compared to ¥627,441,020.13 in 2022[18]. - Net profit attributable to shareholders was ¥32,517,752.63, representing a significant increase of 132.49% from ¥13,968,193.24 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥27,606,147.95, a remarkable increase of 367.73% compared to ¥5,883,619.61 in 2022[18]. - The net cash flow from operating activities was ¥158,210,954.59, up 293.60% from ¥40,195,499.91 in 2022[18]. - Basic and diluted earnings per share were both ¥0.0845, an increase of 132.78% from ¥0.0363 in the previous year[18]. - Total assets at the end of 2023 were ¥2,059,287,322.85, a slight decrease of 0.36% from ¥2,066,702,561.29 at the end of 2022[18]. - Net assets attributable to shareholders increased by 4.57% to ¥1,077,417,935.47 from ¥1,030,340,488.99 at the end of 2022[18]. - The average return on equity was 3.09%, up from 1.35% in 2022[18]. Market Expansion and Strategy - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[4]. - The company has successfully entered the North American market and achieved a milestone by serving Saudi Aramco, breaking foreign monopolies in multiphase metering technology[40]. - The company expanded its market share in multi-phase metering business overseas and achieved breakthroughs in new markets, including Mexico, Saudi Arabia, and India[42]. - The company is actively expanding its global market presence, particularly in the Middle East and North America, to capitalize on the digitalization trend in oilfields[63]. - The company is committed to expanding its market presence and reducing reliance on specific markets to mitigate geopolitical risks[116]. Research and Development - The company has maintained a high level of R&D investment, optimizing product structure and enhancing product competitiveness, which contributed to improved overall profitability[42]. - The company holds a total of 329 patents, 120 registered trademarks, and 136 software copyrights, reflecting its strong focus on innovation and technology[47]. - The company has a dedicated R&D team of 152 personnel, accounting for 17.29% of total employees, emphasizing its commitment to innovation[46]. - The company is focused on strategic product development and training for core technical positions to adapt to industry trends[190]. - The company is committed to enhancing its product offerings, as indicated by the variety of new patents related to underwater flow measurement and control systems[59]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no significant risks affecting operations were identified[3]. - The company has implemented a performance evaluation and incentive mechanism that aligns with its annual development plan and operational goals, ensuring transparency in the appointment of senior management[131]. - The company operates independently from its controlling shareholder in terms of finance, assets, personnel, and business, with no incidents of interference in management decisions[132]. - The company has established a comprehensive financing support system with domestic financial institutions to improve operational funding efficiency[122]. - The company has implemented measures to enhance R&D investment, focusing on market-oriented planning and external technology cooperation[121]. Risk Management - Haimo Technologies emphasizes the importance of risk awareness for investors regarding future plans and performance predictions[4]. - The company has not experienced any substantial operational risks during the reporting period[4]. - The company faces risks from seasonal business characteristics, with first-half revenue and net profit typically lower than the second half[120]. - The company has a significant amount of accounts receivable at the end of the reporting period, which poses a risk of delayed collection due to the seasonal nature of its main business[122]. Shareholder Engagement - The company held 5 shareholder meetings in 2023, discussing a total of 34 proposals, ensuring equal rights for all shareholders[127]. - The company has implemented a stock incentive plan, granting 1,500,000 shares to the chairman and president, effective June 2023[144]. - The company plans to hold additional shareholder meetings to discuss strategic initiatives and performance updates[142]. - The company reported a significant change in shareholding, with a reduction of 17,184,202 shares by a senior executive, resulting in a total of 51,552,608 shares held[144]. Future Outlook - The company plans to launch a "low-carbon and digital strategy" in 2024 to promote green low-carbon development and strengthen digital transformation[113]. - Future performance guidance indicates a positive outlook, with expectations for revenue growth driven by new product launches[145]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 500 million allocated for potential deals[160]. - The company provided guidance for 2024, projecting a revenue growth of 25% and aiming for 1.875 billion in total revenue[160].